gold is gold. how can the gold I buy and sell be tracked??? If its coins - australian legal tender - then I have very few problems in acquiring and disposing.
If its an EFT then you are tracked. In and out cap gains apply.
If its a sale to a dealer that exceeds $10,000 (or is it less) then paperwork starts. But if you sell only a coin or two at a time then no problems.
The paperwork is more for the purposes of monitoring 'terrorist' activity. So the government think terrorists deal in gold. I wonder why?????
Can't be tracked is one answer that comes to mind. Portability. Ease of disposal into any currency, maintains buying power ...... any other reasons why someone would want to deal in gold?
