australian gold confiscation, page-15

Heres a heads up. If the world were to return suddenly to a gold standard where would a country like Australia stand with very little gold in reserve?

As per my letter to the Minerals Council of Australia yesterday we now know that the Peoples Republic of China understand the probability AND are planning for a sudden US return to to least a partial gold standard;
http://www.gata.org/node/10387

When the Reserve Bank of Australia sold most of our gold back in 1997 their defence was that Australia has plenty of gold in the ground. (ie owned by our collective share-holdings and investments);

"The principal reason for this conclusion was that a country in Australia's position, with large gold reserves in the ground and high annual production, derives negligible diversification benefits from holding a significant proportion of its international reserves in the form of gold"

http://www.rba.gov.au/media-releases/1997/mr-97-13.html

Ok so the RBA were eyeing off OUR gold reserves while selling the national jewels. And the government like the one we have right now believe that the resources owned by OUR mining companies belong to all Australians.

http://education.theage.com.au/cmspage.php?intid=135&intversion=310

If you follow the ideology of a mining tax and a carbon tax its not a huge extension of caring socialist hands to claim at least a LITTLE of your gold holdings or share ownership is it??