Interview with Duncan Hughes, BDM Gold Road, page-29

Not only record low interest rates. The government introduced legislation of Friday night to limit cash transactions. This is a step to keep in line with European countries which have already done this. It is perhaps the most authoritarian action I've heard of the Liberal Party doing. It wasn't aired during the election campaign and wasn't previously one of their policies.

Some economists are saying that it is a necessary preparation for following the advice of an IMF paper which advocates deeply discounted interest rates to -5% or more. The writers of this paper consider such an unprecedented (in human history) step is necessary to shock the European economy out of its decline, which even negative interest rates have not cured. Australia will have no choice but to follow suit, as we have already little room left to move.

What effects all this will have, I can't predict. But holding profitable gold companies should surely offer some protection.