gold & precious metals shares ..., page-24

LEX

If you sold property and took the cash in AUD then you can only get about 4 - 4.5% at the bank with any amount, and with official inflation running at 2% that makes your cash investment earnings about 2 - 2.5% I know this because Ive been there.
Accounts in Australia in any bank are only guaranteed up to 200,000 in the event of a BAILIN as opposed to an IMF/WORLD BANK debt loan all accounts over 200,000 are not guaranteed at all and will be used in a BAILIN. The Labour Government was trying to introduce a 5% tax on all accounts over 250,000.
At the moment you can get around that 200,000 cap by not having any account over 200,000 although Im not sure how many 200,000 accounts an individual will be guaranteed.

Australian Banks have already been bailed by the tax payer once but you can bet the bank accounts will be up for grabs the next time. With Australian Banks heavily leveraged in the housing market if there is a bubble bursting event in the Australian housing market look out.

None of the above in any way should be taken as investment advice and purely just my opinion only. I am not an investment broker.