Confirmed personally to myself during a discussion with owner of the Private company I contract to store my gold and silver.
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Word of mouth isn't an official source, perhaps you could be kind enough to post the actual legislation.
Let's assume for a moment that it is possible for the Aussie govt. to confiscate your gold and silver. If they decide to do so where's the first places the revenuers are going to turn up?
The Perth Mint, ABC Bullion, KJC Bullion, Gold Bullion Australia etc.
In the late 80's a guy named Ray Smith ran a company called Goldcorp in Auckland, a bullion company buying, selling and storing pm's. Goldcorp went bust following the '87 stock market crash and when the receivers moved in, the cupboard was bare, 1,600 gold 'investors' got skinned alive, alas, the gold was missing. Ray was quite a flamboyant chap and was finally located in Park City, Utah, with his mistress.
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You don't trust the banks but you trust bullion companies to store your life's savings?
Confirmed personally to myself during a discussion with owner of...
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