11 August 2008

AUSTRAC update

It appears that advice from AUSTRAC was wrong (see post of 27 July), we have alternative adivce that only cash transactions of bullion above $10,000 will need to be reported. It is also possible that the limit above which identification is required will be above $1,000, but not sure what it will be at this stage. Will keep you informed.

Promised article on gold confiscation is coming, a bit more involved than I first expected so is taking some time to write.

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