The next question is who the buyers are. The politicians proposing unrealized capital gains taxes will essentially force Western shareholders to sell their assets to the deepest pockets on the planet. And those aren’t necessarily Western governments anymore, which are (after all) imposing these kinds of taxes partly because they are in the throes of sovereign debt crisis. Instead, with gold mooning, there’s a scenario where non-Western sovereign wealth funds will likely be able to buy up Western assets with hard currency.