I would be very careful about holding gold particularly in a...

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    I would be very careful about holding gold particularly in a central place such as the Perth mint. The legislation has already been passed and is only awaiting the govenor generals signature in presumably a time of emergency to confiscate all gold other than wrought gold (Jewellry) see
    Part IV of the Banking Act of 1959
    it has never been withdrawn
    http://www6.austlii.edu.au/cgi-bin/viewdb/au/legis/cth/consol_act/ba195972/

    The question will be how the government gets around provision in the constitution that ensure that anything taken by the government must be compensated justly for.
    https://www.alrc.gov.au/publication/traditional-rights-and-freedoms-encroachments-by-commonwealth-laws-alrc-interim-report-127/7-property-rights/protections-from-statutory-encroachment-13/

    There are several possibilities that spring to mind
    a. The government sets a compulsory price for gold separate from the world gold market
    b. The government issues promissory notes (you can stick all sorts of conditions in there)

 
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