Investing in gold without buying the metal itself?

[Glen48]

Can some tell me how to get money tied into Gold prices with out actually buy a Ton of the stuff and stuffing it under my water bed?

 

[Tysonboss1]

Re: Any 1 know

Can some tell me how to get money tied into Gold prices with out actually buy a Ton of the stuff and stuffing it under my water bed?

You can buy gold certificates from the perth mint,

or you can buy physical gold and have the perth mint store it for you.

plenty of info on their website.

 

[chops_a_must]

Re: Any 1 know

Or you can buy and trade/ whatever with the ticker GOLD on the exchange.

 

[explod]

Can some tell me how to get money tied into Gold prices with out actually buy a Ton of the stuff and stuffing it under my water bed?

If you can buy a ton of the stuff why not forget about the problem and go on holidays for the rest of your life.

or; if you want something to do you ccan buy a gold mine cheap at the moment and you could dig the stuff yourself, I would help and we will make a lot, camping out save a lot, and a good rest from the missus.

I think Perth Mint the best option.

 

[refined silver]

Perth Mint operate a pool account and have an $880 million liability according to their own documents and very little metal, with very long wait times.

It wouldn't surprise me at all for them to default, at the time you most need the metal. They say they are backed by the WA govt, so maybe they would pay you in cash, maybe not, if so, with a very long wait, and it would be at the metal prices at the time of default which would be just before a skylaunch.

Since a 1kg gold bar is about the size of a normal stapler, and is worth $40,000AUD, I don't think "a ton of the stuff" and storage problems are going to be a problem.

 

[Buddy]

If you can buy a ton of the stuff why not forget about the problem and go on holidays for the rest of your life.

or; if you want something to do you ccan buy a gold mine cheap at the moment and you could dig the stuff yourself, I would help and we will make a lot, camping out save a lot, and a good rest from the missus.

I think Perth Mint the best option.

How about we ASFers pool our funds left after this rout, and buy Kalgoorlie Boulder Resources Ltd. They are real cheap now and have tonnes of the stuff. We could buy some second hand dongers from FMG, set up camp, and did the stuff up ourselves. Might even loose a bit of weight in the process. A real healthy lifestyle, even if a bit hot in summer.

 

[mayk]

When the general masses are after buying gold, I think it is time to sell.... (Off topic I know)

 

[skyQuake]

How about we ASFers pool our funds left after this rout, and buy Kalgoorlie Boulder Resources Ltd. They are real cheap now and have tonnes of the stuff. We could buy some second hand dongers from FMG, set up camp, and did the stuff up ourselves. Might even loose a bit of weight in the process. A real healthy lifestyle, even if a bit hot in summer.

...or we can use the money to hire some ex-Lehmans, Bear Sterns, Merrill's people to create an offshore parent company which will purchase the Mine, a few mortgage securities, and some AIG shares; spin off a series of fund and enter into a series of complex and opaque derivative transactions. After a series of golden parachutes and handshakes where the ASF members take off to the Bahamas, leave it for someone to bail out because its now 'too big to fail'.

Disclaimer: No liability accepted if someone goes ahead with the scheme

 

[Buddy]

...or we can use the money to hire some ex-Lehmans, Bear Sterns, Merrill's people to create an offshore parent company which will purchase the Mine, a few mortgage securities, and some AIG shares; spin off a series of fund and enter into a series of complex and opaque derivative transactions. After a series of golden parachutes and handshakes where the ASF members take off to the Bahamas, leave it for someone to bail out because its now 'too big to fail'.

Disclaimer: No liability accepted if someone goes ahead with the scheme

Now, THAT'S A PLAN.
I like it.

 

[Ageo]

Can some tell me how to get money tied into Gold prices with out actually buy a Ton of the stuff and stuffing it under my water bed?

hehe a ton is a lot of gold. In my opinion physical is the best option (very little to store also). If your interested then buying off the major refineries is a waste since you will be buying above the market price (especially now because of their increased spreads). I know of many more smaller bullion houses that would offer a better price.

 

[GreatPig]

a ton is a lot of gold

If that's a British (and thus Australian) long ton, equal to 2240 pounds, which equals 26,880 troy ounces, then at today's closing price of the GOLD stock, $1270 an ounce, it would be worth A$34,137,600.

If it's a US short ton, equal to 24,000 troy ounces, then it would be worth A$30,480,000.

GP

 

[Glen48]

That champion of free enterprise who was enterprising enough to get money for nothing non other MR. A Bond is in to Diamonds and now the RE bubble has popped its time for a new scam. I suggest we start a rumour the Dulux Gold pain has genuine Gold flakes in each can and buy shares in Dulux or get into salting gold mines around some old gold mining town. It can't be to hard look at the Tulips scam, Amway Hello Vera, Ostrich Farms Pine Trees or buy OZ dollars and start making washers?

 

[trading_rookie]

I know of many more smaller bullion houses that would offer a better price.

@Ageo, if not too much trouble, can you share some of your experience? Firstly, what's some of the smaller bullion houses that offer better prices, and secondly, I note you mentioned the 2nd-hand gold market in another thread, who is good to deal with and how to tell if you're not getting ripped off - in other words a good crash course for the *rookies* ;-)

I guess it's never too late to learn...even if the horse has already bolted

Any experience with gold coins? How about other precious metals like diamonds, black and red opals?

 

[Ageo]

@Ageo, if not too much trouble, can you share some of your experience? Firstly, what's some of the smaller bullion houses that offer better prices, and secondly, I note you mentioned the 2nd-hand gold market in another thread, who is good to deal with and how to tell if you're not getting ripped off - in other words a good crash course for the *rookies* ;-)

I guess it's never too late to learn...even if the horse has already bolted

Any experience with gold coins? How about other precious metals like diamonds, black and red opals?

Rookie 1st of all if your in Sydney i know of 1 gentleman (Sam Saffo) who buys scrap (2ndhand) from the market and refines it, then makes some into jewellery and sells others off as bars. Because he buys at a considerable cheaper price he can afford to sell at good prices and still make good money. So if your looking at buying bars for storing then he would be a good place (PM me for contact details) i know of many more but he is the most reliable. As for 2ndhand dealing that is my primary business, i buy it off private people and business's my best advice would be goto any jeweller and pawnbroker (i.e cash converters) and see how much they will give you for their piece of jewellery, then once you get a price come to me.

And if your really serious about jumping on the gold wagon, PM me

I am a little different to others on here as i dont invest in physical (although i do have holdings) instead i trade it risk free which i find it much much more profitable.

I dont have much experience in gold coins although i have bought many 22ct sovereigns. Diamonds i stay away from because valuing them and find a buyer is too risky (for me anyway) and other gemstones i dont even bother.

Im a gold, silver and platinum man