Safe deposit boxes are rare if not completely unavailable these days I am led to believe.Safety deposit box both private and banks
There is specific Gold Bullion Storage
I think the WA Mint has a facility.
lots of private safe options
dig a hole and bury it well away from metal detectors.
Dont forget where it is best tell me so you have a backup plan !
That's exactly what I was looking for.Gold & Silver Bullion Vault Storage - Gold Bullion Australia
High security vault services for gold and silver bullion. We offer Australia's leading fully insured secure storage service for bullion and precious metals.www.goldbullionaustralia.com.au
two stories i remember .. one was a holder that got the kid/teenager to paint the ingot with enamel ( allegedly a modernist art student in the making ) and used it as a door stop in the home officeSpeaking theoretically and no personal details what methods and devices eg safes do you use.
I recently told my bank manager I was considering buying some gold and asked about storing it at the bank. The manager almost laughed at the idea and said haven't heard of any banks providing that service in years. I had no idea it was a laughable proposal.
I contacted a gold seller in the capital city and was told by them a lot of people just bury it.
Both seem unlikely to me, hence the question.
Unfortunately owned by The West Australian government.If you buy the asx listed etf from the perth mint then they're storing it for you.
You can also request physical delivery at any time.
The perth mint is actually awesome
SHHHSH !!In our new house I've discovered a couple of secret trap doors under the old carpet. The place is 80 years old so when I manage to get them open... Who knows I may have a windfall profit
15000 Pounds was a huge amount of money thenBeing in the excavation field I have a couple of buried treasure stories
(1) While excavating a Mc Donald’s site old bottles were uncovered .The site was immediately closed and
an almost archeological dig started lasting 3 mths and I was told bringing in many 1000 s as the bottles were part of a dump pre 1900
(2) Mate of mine demolishing an old house in Glenelg in the late 80s Un covered an old and very worn rectangular metal Arrnot’s biscuit tin
in side 15000 Pounds and he still has them ( various Notes ) Have no idea what it’s worth but believe it’s enough!
Im sure the demo guys have some great finds!
not just currency .. all sorts of things ( in good and perfect condition ) can be a windfall , ( toys still in boxes , old but new car parts , etc etc etc )15000 Pounds was a huge amount of money then
in 1965, just before the move to AUD, that would have bought you 2 brand new houses near Sydney..Vintage house ads show dramatic housing jump in Sydney since 1965
A Sydney real estate ad from 1965 shows the difference in housing prices over 50 years. The old-style newspaper shows ads for Maroubra, Ashfield, Caringbah and Beverly Hills.www.dailymail.co.uk
If you buy the asx listed etf from the perth mint then they're storing it for you.
You can also request physical delivery at any time.
The perth mint is actually awesome
** not advice - my opinions only from my own usage **
I store both gold and silver digitally via The Perth Mint
and it's stored in vaults, seperately insured by The Perth Mint plus has the extra layer of being guaranteed under legislation by the WA government
- personal holdings in the GoldPass app
- SMSF holdings in a Depository Online account
While Gold Corporation will fully cover each PMG with
physical gold held by Gold Corporation, Holders of a PMG
have no proprietary rights or beneficial interest in any such
physical gold. As PMG is backed by unallocated gold, there is
some credit risk in this product.
The PMG is an unsecured obligation of Gold Corporation
ranking equally with all other unsecured obligations of
Gold Corporation. However, as the liabilities of Gold
Corporation, including its obligations under the PMG Terms,
are guaranteed by the Government of Western Australia
under the Gold Corporation Act 1987, any such failure by
Gold Corporation to fully cover each PMG means that you
ultimately have an exposure to the Government of
Western Australia.
Funny how people who think they are investing in gold don't even bother to read the PDS for the things they invest in.
PMGOLD is not an ETF. It's a call option on 1/100th troy ounce of unallocated gold.
Unallocated is the operative word. You do not own the gold. You own a unsecured obligation of Gold Corporation
Exercise of the call option is entirely at the discretion of Gold Corporation.
Basically PMGOLD is a trading sardine on the gold price, not someone who holds gold for the purposes of holding a nonfinancial asset would ever utilise. You may as well trade the futures price and forget the bad spreads, high fees and high commissions on the ASX.
As to the original question, banks do still offer safety deposit boxes, and many other entities offer them in major cities as well, just google it. "Commonwealth Bank safe deposit box", etc.
Very hard to get one, I have one in Brisbane, none available on the sunshine coast, or it is just an envelope to store a few documents...As to the original question, banks do still offer safety deposit boxes, and many other entities offer them in major cities as well, just google it. "Commonwealth Bank safe deposit box", etc.
each to their own, and no mention of the legislative guarantee by the Treasurer ?
Very hard to get one, I have one in Brisbane, none available on the sunshine coast, or it is just an envelope to store a few documents...
I simply said you didn't reference the over-arching Gold Corporation Act (WA) eitherI literally quoted the PDS. You are an unsecured creditor of the WA Government. If you want to bet on the price of gold, PMGOLD has got to be 4th or 5th down the list of products that meet the need. Wide spreads, high fees and high commissions.
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