Precious Metals Gold Bars ???

is there much profit in Gold or Silver bars ?

I noticed on the Perth Mint site they are selling them as investment options

Has Gold gone up much in the last few years ?

 

Guest - I think this question is for you?

 

1g bar currently $66.63 from Perth mint.

 

i dont think gold moved much at all in the last few years

 

My understanding of this is very limited, but as I understand it gold is used as a hedge. So when things are about to go bad (GFC, WW3 etc), that would be the time to buy. When things are looking good, it's time for you to look elsewhere.

 

Put a bar of gold on your kitchen table, price it each and every day to see how wealthy you are. Then die within a few weeks or so as it hasn't provided any income to buy food.

 

As opposed to a Berkshire Hathaway share?

Not all investments are equal....including shares!

pinkboy

 

Maybe if you keep it for 5 years or more ?

I don't know much about Gold either

 

Like many assets that don't (typically) provide a dividend, depends on when you buy/sell.

There are also opportunities with particular bars or coins (with limited supply) that are more highly sought after by collectors.

A number of reasons you might buy gold:

• As a hedge / reduce volatility in a portfolio (as gold does often have a negative correlation with more traditional assets), read more here:

Is Gold an Effective Backup In Periods of Risk?
The Power Of Gold And Rebalancing In A Portfolio | Research

• Because you think the chart is indicative of a higher price in immediate future (is that a cup and handle on the chart below? )
• If you suspect the world will face increasing geopolitical pressures
• If you don't think the USD will remain the global reserve currency which will result in some form of monetary crisis in the near future
  
• If you think we'll see increasing influence and wealth in countries such as China and India where gold jewellery and use of gold as savings is more prevalent
• If you think the debt build up across most countries (much larger than 2007) will eventually cause another global financial crisis as it is defaulted on/is inflated away

I could go on. There are many good reasons to hold some gold. It has unique attributes which simply aren't matched by any other asset on this planet.

Price has been trending sideways since around 2011:


via: Gold spot price in Australian Dollar (AUD) and historical chart

 

I think the time has come for me to get into gold. Guest dobyou have any suggestion on where to buy and store physical gold in Sydney?

Google search shows ABC BUllion as the go to place for buying it. I am thinking where to store it unless it is a bank locker.

Appreciate some pointers.

 

We use Safe Deposit Box & Gold and Silver Bullion Storage | Guardian Vaults in Melbourne for allocated storage in both personal & superannuation %'s of our portfolio.
They are also located in Sydney.

 

Gold, silver and crypto. Ticket to retirement in the next decade...

 

Perth mint charges a high premium.
I would prefer something like abcbullion.com.au..
Especially the ugly looking bullion without any commemoration or fancy insignias
Much better buy price.

 

I have bought personally from both Bullion List and Bullion Money in Sydney. ABC Bullion is reputable also.

Some ideas around storage here: Storing Gold & Silver: Safe Deposit Box In Australia | 2340

Not as many options in Adelaide, but I use a SDB at a bank and would do the same in Sydney.

 

Thanks Guest . Right now trolling through your website . Do you have a post on how to find the entry price for gold or would you buy gold now rather than put money a term deposit? Thanks

 

wouldnt it be easier to buy gold etf ?

 

Doesn’t anyone use the Perth mint’s online buy and storage facilities?

 

I averaged into gold over a number of years (mostly 2008-2010), I did try and buy on the dips, but didn't have any specific plan around an entry point otherwise.

The last time I purchased gold was ~2015.

If I owned no gold now I would be buying the dips (but not with all available cash).

If you are looking for price exposure, which is very different to actually owning gold, then an ETF would be an easier route.

One of the main reasons for owning gold is that it's no one else's liability, a gold ETF doesn't offer the same attribute.

If you think a government confiscation is 100% unlikely in the future then this is probably one of the safest options out there for owning gold in Australia. Government backed entity.

 

WA State Government backed to be clear.....

In any case, if governments (state or federal) started confiscating citizens assets or cash, we're in dire straits. In such a situation only physical held privately will be accessible & of any use.

IMO, most people look to gold for all the wrong reasons as there is a fundamental misunderstanding of gold's utility in modern economic times, especially in western societies.

 

I was thinking of buying physical gold in Sydney. Just wondering how safe it is to go to an establishment and walk out with some real gold in a pocket/ bag. Could there be muggers waiting nearby? You may consider it a silly question but key consideration to buy in person.