Buying a gold bar

[Rockon2]

Re: Buying a gold bar..

I have a few gold bars myself (perth mint) and aggree that the transaction cost really suck (but some physicall gold is good).

Also have some stock GOLD which is a company 100% backed by gold bullion (ASX listed). Each share is worth just under 1/10th of an once (the share/gold value reduces monthly by like 0.0002% or something - which is how they make there money).

It follows the price of gold really well (they have a chart comparing gold price to stock price over last x years and it is always within a 1-2% margin)


Also can margin lend on the stock


THIS IS NOT A RECOMENDATION just something I found to be exactly the kind of thing I required in terms of owning gold.


Cheers

Gday cowboy,,

Stock gold ?? thats a new one for me again, can you give more description , cheers .

 

[wayneL]

Re: Buying a gold bar..

Gday WaneL, whats an ETF??

Oh sorry!

Exchange Traded Fund... such as the one traded on the ASX mentioned above, ticker symbol "GOLD"

There is also the NYSE(New York Stock Exchange) ETF "GLD".

Cheers

 

[wayneL]

Re: Buying a gold bar..

Gday cowboy,,

Stock gold ?? thats a new one for me again, can you give more description , cheers .

This describes the NYSE version ...GLD

FUND SUMMARY
streetTRACKS Gold Trust is an investment trust whose shares strive to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust holds gold, and is expected to issue baskets in exchange for deposits of gold, and to distribute gold in connection with redemptions of baskets. The gold held by the trust will only be sold on an as-needed basis to pay trust expenses, in the event the Trust terminates and liquidates its assets, or as otherwise required by law or regulation. The Trust is not managed like an active investment vehicle, and it's not registered as an investment company under the Investment Company Act of 1940.

 

[Rockon2]

Re: Buying a gold bar..

Cheers wayneL. Thanks for the explanation.. It Does ring a bell now in back end of my brain box

I admit im not a real gold follower, IMO its overated as hedge for "bad times",, to me its just another metal like any other and its price should decided upon with normal supply and demand . Not as a speculation material that some people seem to think that will save their backside in the case of a disaster...

Scene: No house, No food, No medicine, No job or means of money supply. the western world as we know it laying in smoking ruins....
Oh ye !! but i got some gold that'll save me!! .. Ye Right! Get Real.....

Hmmnnn , getting carried away now . cheers.. :goodnight LOL

 

[wayneL]

Re: Buying a gold bar..

Cheers wayneL. Thanks for the explanation.. It Does ring a bell now in back end of my brain box

I admit im not a real gold follower, IMO its overated as hedge for "bad times",, to me its just another metal like any other and its price should decided upon with normal supply and demand . Not as a speculation material that some people seem to think that will save their backside in the case of a disaster...

Scene: No house, No food, No medicine, No job or means of money supply. the western world as we know it laying in smoking ruins....
Oh ye !! but i got some gold that'll save me!! .. Ye Right! Get Real.....

Hmmnnn , getting carried away now . cheers.. :goodnight LOL

Hmm yes, a veggie garden, a few chooks, and a bloody great gun would be a better hedge in those circumstances.

 

[Rockon2]

Re: Buying a gold bar..

Ye..
Mind you , its obvious that gold is used by the masses as a way of hedging some sort of disaster, and as a trader i cant or shouldnt ignore that fact, so i will be loading up more exposure to more gold stocks if the need arises...

I see by your profile your in Geraldton, i thought you where in the Perth Hills, which is where i am..
p/m me and we can swap yarns on the phone if you like. Cheers

 

[tttanon]

Re: Buying a gold bar..

KJC Coins and Perth Mint will sell you a bar.

 

[sam76]

Re: Buying a gold bar..

Didn't Willie Wonka have a golden ticket??

 

[Rockon2]

Re: Buying a gold bar..

I'll have 4 "Cougars" Thanks.

: : :

 

[sam76]

Re: Buying a gold bar..

different kind of "bar"!

 

[Rockon2]

Re: Buying a gold bar..

Willie Wonker !!!?? .. Hhmmmnnn, lemme see, was he one of the Great traders of all time????????????


hehe : :

 

[Rockon2]

Re: Buying a gold bar..

jees its midnight in Melbourne! u shoud be asleep! .. oh , or u doing a bit of trading ? Dow to Open in 20 mins,, and pre up 20 by the looks.

 

[sam76]

Re: Buying a gold bar..

nah, just got home from a night on the grog. :freak3:

DOW up in pre-trade - good to hear.

 

[sam76]

Re: Buying a gold bar..

now need gold to follow...

 

[Rockon2]

Re: Buying a gold bar..

Hehe , ye good onya sam, just finishing the last few drops of some beut red , cask too ! but very nice... Ive never traded whilst drunk Hmmnnn? there's one for the boffins to digest.....

Im outa here, theres something rude on sbs ina tick ive been told, so ill check it out, cheers and good night sam and ttanon.. :

 

[sam76]

Re: Buying a gold bar..

T and A on tv?

i'm there!

 

[Milk Man]

Re: Buying a gold bar..

I was told by a jeweller to try e-bay for cheap gold. In some countries physical gold has no real value; not as in the market price anyway. Whereas in other countries you can basically use it like currency. That was his explaination anyway; he may well be right. I reckon to go for coins not bars as they have recognisable patterns which make them easily echangable for cash in any country. Plus they're generally smaller so you dont have to cash in large amts. at a time and can store them easier.

Nuthin like a big gold paperweight though!