Section 42 I think of the 1959 Banking Act in Australia allows the Reserve Bank to confiscate gold ...
per section 40 :
âWhere the Governor - General is satisfied that it is expedient so to do, for the protection of the currency or of the public credit of the Commonwealth, the Governor - General may, by Proclamation, declare that this Part, or such of the provisions of this Part as are specified in the Proclamation, shall come into operation, and this Part, or the provisions so specified, shall thereupon come into operationâ ...
No doubt gold is an effective means of protecting capital, but its growth potential is limited. Bitcoin has a very high growth potential. If we are as screwed as you think we are, we need to aim higher. Particularly if younger
Subject to the usual caveats (don't keep it in your wife's knicker drawer, that's the first place thieves look - as my wife found out to her cost when they located her engagement ring there), nothing beats keeping your gold at home, as I do. I would not be the slightest bit surprised if Biden, in his second term (you think the 2020 election was "fortified", wait for this November's), did a "Roosevelt" and confiscated individual gold holdings. Unlikely? Look at what that vile bitch of an NY AG is doing to Trump...nothing is beyond these people.
Section 42 I think of the 1959 Banking Act in Australia allows the Reserve Bank to confiscate gold ...
per section 40 :
âWhere the Governor - General is satisfied that it is expedient so to do, for the protection of the currency or of the public credit of the Commonwealth, the Governor - General may, by Proclamation, declare that this Part, or such of the provisions of this Part as are specified in the Proclamation, shall come into operation, and this Part, or the provisions so specified, shall thereupon come into operationâ ...
Perhaps not a safe jurisdiction after all.
No doubt gold is an effective means of protecting capital, but its growth potential is limited. Bitcoin has a very high growth potential. If we are as screwed as you think we are, we need to aim higher. Particularly if younger
Is the ishares physical gold etf allocated?
Thanks for posting TimâŚ.I like being able to understand whatâs on the horizon as just a regular American middle class person.
Subject to the usual caveats (don't keep it in your wife's knicker drawer, that's the first place thieves look - as my wife found out to her cost when they located her engagement ring there), nothing beats keeping your gold at home, as I do. I would not be the slightest bit surprised if Biden, in his second term (you think the 2020 election was "fortified", wait for this November's), did a "Roosevelt" and confiscated individual gold holdings. Unlikely? Look at what that vile bitch of an NY AG is doing to Trump...nothing is beyond these people.