That could translate into several thousand AUD, but the factors that would contribute to an AUD and tax base collapse will also likely motivate the government to outlaw private gold holdings outside of approved and audited depository institutions, and of course there'd be a significant per ounce compliance fee, a government levy and owner certification requirements that would prove onerous and result in forfeiture for non compliance. We may say that is idiotic, but you have to think like a politician.
Well the liberal party would never do that because the poor generally don't have stashs of gold under the bed, the rich do if anyone. And they are just a front for rich interests (reduce tax on business, reduce wages, reduce conditions,etc).
The extremely wealthy will structure their investments to largely avoid any impact. Unsupervised gold transactions are a threat to the government's desire for total oversight and control of the financial activities of citizens. But any coordinated plan will anyway fall by the wayside in coming years as the politicians desperately scramble for any last scraps of wealth from the people to make up for a collapse in revenue. Total economic collapse will not be pretty.
How much gold is in reachable private hands anyway? What percentage of people hold gold.1%,2%? Not worth it. Much easier to temporarily take all the super , of course, only until conditions improve. But still insist that its the rich and powerful who would resist gold interference , and they always win.
US$1,050 is the short-term target. There will be some fight at US$1,000 line; but that will break down as well. US$900 by the middle of 2017.
Gold-to-Silver-Ratio is at historic high; but gold price isn't. Gold-to-Crude-Ratio is at historic high; but gold price isn't. Goldbugs-to-Member-Ratio is at historic high; but gold price isn't. :lol:
After my many failed predictions, I'd rather play "Pin the tail on the donkey" I'd have a better chance"
