Pintohoo,
What you are saying is correct legislation wise, of course the legislation does make exemptions for particular gold items, i guess it comes down to what individual investors are willing to risk.
The percentage of people holding gold in super would be very low, and people like yourself holding gold privately will not hand it in, i guess it will be a largely pointless effort.
If there were a few thousand tonnes of gold sitting in super accounts then maybe it would be something to consider seriously.
In 2012 Australia was the second largest producer of gold after china, what do you think gold confiscation would do to gold mining and foreign investment in Australia?
Pintohoo, What you are saying is correct legislation wise, of...
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