Buying gold

[bluekelah]

Your asset is 100% owned by you, insured and protected.

Tally runs on established and reliable banking infrastructure, and uses London Bullion Market Association (LBMA) approved physical gold held in an accredited, secure vault in Switzerland. Your gold is 100% owned by you, insured and protected. Your asset is ring-fenced from third parties so it stays protected.

Exactly, you dont really own the gold. Its linked to whatever gold Tally has. This is called unallocated storage. Much like gold linked ETFs, the ETF owns the gold and it appears on the balance sheet of the fund. Just like Tally, their total gold will have to be declared on the balance sheet.

Allocated gold is directly owned by you, even if stored in a vault.

have a read of this, there is a big difference.
https://www.vault268.com.sg/news/allocated-vs-unallocated-storage/

I buy gold for insurance hence owning the physical product within reach at home is critical!

 

[qldfrog]

I buy gold for insurance hence owning the physical product within reach at home is critical!

Fully agree then you can speculate aka trade on pog and then using etf is the way to go, or even gold miners

 

[bluekelah]

Fully agree then you can speculate aka trade on pog and then using etf is the way to go, or even gold miners

Unfortunately i bought 25k worth of regis resources as well the other day at 4.55. not so much to trade but rather to keep longer term for dividends and exposure to gold. down below 4 but closed at 4 today so i am still down ten percent plus. But hopeful they can get past their new mine delays and when price of gold hits 2000usd it should perform well.

 

[qldfrog]

Unfortunately i bought 25k worth of regis resources as well the other day at 4.55. not so much to trade but rather to keep longer term for dividends and exposure to gold. down below 4 but closed at 4 today so i am still down ten percent plus. But hopeful they can get past their new mine delays and when price of gold hits 2000usd it should perform well.

I used the term speculate...
You will be ok in a month

 

[frugal.rock]

Good luck with Regis.
Unless you have also put 25k onto;
GOR, SLR, FMG, BHP etc sounds like you are taking a larger risk than needed? Eggs in one basket?
Trader's state around 2% of the capital should be the max capital per trade, per risk management.
If you haven't considered that things can go bad, ie, risk, you might want to.

F.Rock

 

[bluekelah]

Good luck with Regis.
Unless you have also put 25k onto;
GOR, SLR, FMG, BHP etc sounds like you are taking a larger risk than needed? Eggs in one basket?
Trader's state around 2% of the capital should be the max capital per trade, per risk management.
If you haven't considered that things can go bad, ie, risk, you might want to.

F.Rock

thank you for yourkind advice, but BHP and FMG are more iron ore and diversified miners not gold pure plays. GOR still loss making no dividends. SLR though profitable but no dividends either and has a PE of 24+. Regis Resources is a mature player, pays steady dividend of ~3.5% at my entry price and has proven gold reserves. Their PE was only 13 when I entered and price down from highs of $5++ due to delays in a new mine opening which i think will work out in time to come and will work as a catalyst to the upside. This makes it a laggard really and laggards are generally good buys if the reason making them a laggard is a temporary one and market sentiment towards the stock bad because of that.

If i wanted diversification i would have just bought an ETF tracking gold miners.

I am not new to stocks or portfolio management and I am not a trader. I will be holding Regis for at least 5 to 10 years.

qldfrog : I must admit I bought RRL without doing too much homework but just wanted to get some gold exposure before my physical gold came in and other options didnt seem that attractive. now i have 50k gold exposure i am happy, just wanted to get my feet wet

I will increase more physical gold as I am happy with Ainslie and Bill M has pointed me in the right direction regarding purchasing smaller denomination gold coins. I initially wanted to buy those but the price premium was way way above the cast bars. but apparently that premium can be less by shopping around. And Ainslie has created their own gold backed crypto lol! My wife was like how come they do bitcoin stuff and gold dealer at same time? G