Precious Metals 17% return on my gold purchase from Perth Mint

Discussion in 'Other Asset Classes' started by Abooking, 11th Jul, 2019.

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  1. MWI

    MWI Well-Known Member

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    But I like how gold shines when I wear it in, my jewellery and extra nice with nice rocks!;)
     
    MWI, 21st Aug, 2019
    #41
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  2. spludgey

    spludgey Well-Known Member

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    Solid gold and gold plated jewellery that's only a few atoms thick, are visually indistinguishable though.
    Solid gold jewellery is popular because of its extrinsic value.
    But if you like wearing it, by all means go for it, I'm not stopping you!:)
     
    spludgey, 21st Aug, 2019
    #42
  3. Redwing

    Redwing Well-Known Member

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    @Abooking

    How's your portfolio travelling?
     
    Redwing, 21st Aug, 2019
    #43
  4. Piston_Broke

    Piston_Broke Well-Known Member

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    Thank you all for riding the PunpnDump bitcoin express, please save up for the next ride coming soon.

    And quite a few more billions in scams have come out after this post.
    Should be called CriminalCurrency
     
    Piston_Broke, 27th Dec, 2019
    #44
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  5. Ariyahn2011

    Ariyahn2011 Well-Known Member

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    What is the simplest and safest way to hold gold?
    Holding gold at my property is not a good option.
    I've been robbed three times within 1 year.
    Cheers

    Edit: Is QAU, GOLD.asx and Physical gold at Perth Mint my best options?
     
    Last edited: 22nd Feb, 2020
    Ariyahn2011, 22nd Feb, 2020
    #45
  6. geoffw

    geoffw Moderator Staff Member

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    Those are good options. My only problem with GOLD.asx is that on a Google sheet, the googlefinance function doesn't work with that code.

    ABC bullion is another place to hold physical gold. They charge a storage fee, Perth Mint does also.

    Some people who are paranoid about the government's hand in gold avoid Perth Mint.
     
    geoffw, 22nd Feb, 2020
    #46
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  7. MTR

    MTR Well-Known Member

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    So government will buy it back at market value on the day?
     
    MTR, 23rd Feb, 2020
    #47
  8. Guest

    Guest Guest

    Guest, 23rd Feb, 2020
    #48
    Ariyahn2011, geoffw and Empire like this.
  9. croseks

    croseks Well-Known Member

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    Hey this is a silly question but here goes.

    If Bitcoin has a fixed supply, that means that eventually all the miners around the world will hit the limit correct? So if the miners are no longer enticed by receiving more bitcoin for their computations, who/what will be doing all the computations behind bitcoin? There will be no profit in selling your CPU power?

    Is that a problem for all fixed supply crypto/blockchain/whatevers?

    If the above assumption is correct, so then doesn't the whole deflationary aspect make no sense?

    Anyway, if I'm way off the mark just let me know, just a thought with my morning coffee :)
     
    croseks, 25th Feb, 2020
    #49
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