Where/How do you buy Gold?
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Mate there are many Gold threads on this forum. Use the search option, type in Gold, and you will find hundreds of posts on this. Also try Forum jump and go to commodities.
Just buy Perth Mint Gold Certificates, I purchased some last week. They need a certified copy of you passport/licence to open an account.
http://www.perthmint.com.au/investment_certificate.aspx
You might aswell buy ETF's or some other form of non physical instrument then eh?
Physical is physical and everything else is just a side instrument.
lifeisgreat1
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Where to Buy Gold Bars?
Hi mates,
With the Australian Dollar on the decline, I am weary about putting money in banks as I dont want my money to go worthless due to inflation.
I would like to know where can I buy quality gold bars as an investment item? Any help would be appreciated.
Cheers.
Hi mates,
With the Australian Dollar on the decline, I am weary about putting money in banks as I dont want my money to go worthless due to inflation.
I would like to know where can I buy quality gold bars as an investment item? Any help would be appreciated.
Cheers.
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Re: Where to Buy Gold Bars?
If you are looking for the best gold bars, you can buy it from Gold De Royale. You can search them from Google.
They only sell SWISS gold bars. You can buy it online 24/7.
All the best.
If you are looking for the best gold bars, you can buy it from Gold De Royale. You can search them from Google.
They only sell SWISS gold bars. You can buy it online 24/7.
All the best.
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Re: Where to Buy Gold Bars?
what is the difference between SWISS bars and the bars from the PERTH Mint?? isnt gold just gold?
what is the difference between SWISS bars and the bars from the PERTH Mint?? isnt gold just gold?
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Swiss refiners are recognised by LBMA as an acceptable good delivery refiner. On the other hand Perth Mint gold bars are delisted (removed) from LBMA as an acceptable good delivery refiner, which is a shame.
What this means is that, if you want top Quality Gold Bars, then go for Swiss. Do you research at LBMA website.
What this means is that, if you want top Quality Gold Bars, then go for Swiss. Do you research at LBMA website.
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Money can lose some of it's value due to inflation. Gold can also lose it's value due to market forces. Brick & mortar use to be seen as solid investments but even that is now questionable.
I still reckon the house that you stay in is still the best investment in the long term and any profit is tax free and you are the boss at all times.
So if you are worried about your money losing it's value invest it in your home. pay off the mortage and if you don't have one do worthwhile home improvements.
I still reckon the house that you stay in is still the best investment in the long term and any profit is tax free and you are the boss at all times.
So if you are worried about your money losing it's value invest it in your home. pay off the mortage and if you don't have one do worthwhile home improvements.
Re: Where to Buy Gold Bars?
Sheesh they must be better than gold itself as a 1gram bar costs $60 which is a little over $20 per gram above from what you can purchase other bullion for. If you were to convert the $60 per gram into a per ounce price it would = over $1800
If you purchase an ounce bar its still $1278 which is over $100 per ounce above spot
Its silly places like this with hype garbage marketing (swiss wank bullion) that needs to be sorted out. Only idiots would buy bullion or any gold at that price.
So as you can see the company should be renamed to royale de wankers.
Sheesh they must be better than gold itself as a 1gram bar costs $60 which is a little over $20 per gram above from what you can purchase other bullion for. If you were to convert the $60 per gram into a per ounce price it would = over $1800
If you purchase an ounce bar its still $1278 which is over $100 per ounce above spot
Its silly places like this with hype garbage marketing (swiss wank bullion) that needs to be sorted out. Only idiots would buy bullion or any gold at that price.
So as you can see the company should be renamed to royale de wankers.
Re: Where to Buy Gold Bars?
I have never traded with them, but the Australian Bullion Company in Sydney seem to have reasonably priced gold nugget coins. Just Google them and get today's price update (I dont have enough posts to embed a link here)
Mike
NB: I still think Perth Mint certificates are better than bullion though.
I have never traded with them, but the Australian Bullion Company in Sydney seem to have reasonably priced gold nugget coins. Just Google them and get today's price update (I dont have enough posts to embed a link here)
Mike
NB: I still think Perth Mint certificates are better than bullion though.
I recently decided to put this theory to the test, by comparing gold to real estate.
In 1970, I purchased a small 2 bedroom home in the Sutherland Shire for $16,000, which equated to 507 ounces of gold at the time. Today, 507 ounces of gold is worth just over $600,000 which is also the approximate value of a small 2 bedroom house in the Shire.
Conclusion: there is not that much difference between gold and real estate over the long term. I put most of the "increase" in value (3.5% annually) down to inflation.
Re: Where to Buy Gold Bars?
Please explain this Grandpop? i mean lets say perth mint goes belly up (look at AGR in Sydney if you dont think it could happen) what would their useless certificates be worth now??? the whole point of gold in the 1st place is a store of wealth and the best and most secured form is hard physical.
Please explain this Grandpop? i mean lets say perth mint goes belly up (look at AGR in Sydney if you dont think it could happen) what would their useless certificates be worth now??? the whole point of gold in the 1st place is a store of wealth and the best and most secured form is hard physical.
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I have thought hard about buying physical gold... even opened an account at the Australian Buiion Company.
I keep coming up with the same answer when I think about it... it's only really worth it if you are in the US.
If the USD slips too fast people are going to get in to gold and commodities currencies. My guess is that commodities currencies will rise before gold gets really moving - if it does.
I'm inclined to wait until - if the time comes - that inflation in Australia looks like getting out of hand. Until then I'm doing nothing.
I keep coming up with the same answer when I think about it... it's only really worth it if you are in the US.
If the USD slips too fast people are going to get in to gold and commodities currencies. My guess is that commodities currencies will rise before gold gets really moving - if it does.
I'm inclined to wait until - if the time comes - that inflation in Australia looks like getting out of hand. Until then I'm doing nothing.
Re: Where to Buy Gold Bars?
Ageo,
Take a look here and let me know if you still have concerns about the Perth Mint. http://www.perthmint.com.au/investment_invest_in_gold_government_guarantee.aspx
Where can I find info on AGR Sydney going belly up? I can't find any reference to it on the web.
Mike
Ageo,
Take a look here and let me know if you still have concerns about the Perth Mint. http://www.perthmint.com.au/investment_invest_in_gold_government_guarantee.aspx
Where can I find info on AGR Sydney going belly up? I can't find any reference to it on the web.
Mike
Re: Where to Buy Gold Bars?
Grandpop sorry but to me waffle text on the net means nothing, i dont care if Obama and his disciples guaranteed the certificates, at the end of the day physical is really the only true store of wealth as everything else can be manipulated to some degree.
As for AGR i used to sell to them as i acquire alot of scrap gold (my line of business) they were 1 of the biggest refiners in Australia but after over capitalizing they shut pretty much the whole company down (they still operate a small refinery in WA im pretty sure).
This came from the GM of the sydney branch.
Grandpop sorry but to me waffle text on the net means nothing, i dont care if Obama and his disciples guaranteed the certificates, at the end of the day physical is really the only true store of wealth as everything else can be manipulated to some degree.
As for AGR i used to sell to them as i acquire alot of scrap gold (my line of business) they were 1 of the biggest refiners in Australia but after over capitalizing they shut pretty much the whole company down (they still operate a small refinery in WA im pretty sure).
This came from the GM of the sydney branch.
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