RN2RAAF

The same thing every other fiat currency is 'pegged against'. DEBT!

I currently have a small investment in Physical Gold and have been told by the Customs Information and Support Centre that, because it isn't coinage in current use, (gold bars) that it would be subject to Goods and Services Tax on import but, given the fineness of the metal, they would be duty free. No details were given as to the percentage of value of GST that would be applied and I'm looking for any advice on what to do with it prior to making the move to oz or indeed any personal experience anyone has. If gold prices go up before I emigrate, no problem, I'll sell but if they don't... lol Thanks

Thank you for this 'real time' experience answer on the issue. I haven't made the move to oz yet and I have a daughter in the final year at Uni. She doesn't want to join us but your actual experience has provided a definitive answer. We now appear to have the right advice if she changes her mind. Thanks again