In 1933 gold was MONEY and people were HOARDING gold and therefore money. Today gold is not money but people are still hoarding money, which the FED can supply at will. So, unless there is a balance of payments crisis that cannot be solved with a depreciation of the aussie dollar I cannot see any reason for our gov to confiscate gold or to force our miners to sell their gold production to it . Our miners are producing around 240 tonnes a year, equivalent to US 9 billion dollars, an amount that would disapear in a single day during a CRISIS.
