This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Where/How do you buy Gold?

Jump to new
N

netfleet

Joined
25 May 2009
Posts
27
Reactions
0
Is it possible/advisable to actually buy the real stuff & stash it under the mattress?

Or is that just not necessary and/or economic?
 
netfleet said:
Is it possible/advisable to actually buy the real stuff & stash it under the mattress?

Or is that just not necessary and/or economic?
Click to expand...

Of course it is possible
Although it wont be comfortable
(under your mattress)
 
netfleet said:
Is it possible/advisable to actually buy the real stuff & stash it under the mattress?

Or is that just not necessary and/or economic?
Click to expand...

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.
 
Sorry - I did search but because it's mentioned it pretty much EVERY thread...

however I did find a thread shortly after posting. Pls delete this thread if you like. Thanks
 
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.
 
Re: Where to Buy Gold Bars?

Looks like you can buy them from Ebay
 
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.
 
Re: Where to Buy Gold Bars?

sunshineboy said:
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.
Click to expand...

what is the difference between SWISS bars and the bars from the PERTH Mint?? isnt gold just gold?
 
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.
 
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.
 
Re: Where to Buy Gold Bars?

sunshineboy said:
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.
Click to expand...

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.
 
vincent191 said:
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.
Click to expand...

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?

Grandpop said:
NB: I still think Perth Mint certificates are better than bullion though.
Click to expand...

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.
 
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.
 
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
 
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.
 
You must log in or register to reply here.

Similar threads

US Election 2024 : Stock and Economic Comment
7 8 9
Replies
171
Views
10K
divs4ever
EM8 - Everlast Minerals
Replies
2
Views
633
peter2
Posting on Weekends Friday Evening to Monday Morning
Replies
2
Views
364
Dona Ferentes
GMIN - G Mining Ventures Corp. (TSX)
Replies
1
Views
445
mullokintyre
The Under 16 Social Media Ban
2 3
Replies
52
Views
2K
Smurf1976
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...