Are we in a bubble?, page-50

Solution to our lack of Gold to support the AUD:

Impose a 10% tax (collected in Gold bars) on all
gold exported . This IMO would be fair because:
(a) our AUD will need gold backing over the next decade
(b) our gold reserves in the ground are been rapidly depleted
(c) this export tax wont effect Aussies who want to collect/hoard gold
(d) Over a 10 year period the RBA (not Treasury) could accummulate
. at least

If say over the next 10 years Aus exports 3000 ton of gold (2021 was 257 ton)
that would amount to 300 ton of gold which is nearly twice of what Costello sold in 1998. (167 ton)

IMO once the USD is debunked over the next decade, our Peso will be on its Pat Malone
and gold backing will be its only saviour