Precious Metals Gold Bars ???

Discussion in 'Other Asset Classes' started by MyDarlinghurst, 30th Oct, 2017.

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  1. Indifference

    Indifference Well-Known Member

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    Depending on the amount you buy, you can have it delivered anywhere in armored car. ... but do you want one of those rocking up to your residence if keeping at home?

    Smaller amounts is like carrying cash.
     
    Indifference, 6th Nov, 2018
    #21
  2. Anthony416

    Anthony416 Well-Known Member

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    Yes, smaller amounts over maybe a few trips? It is amazing how little gold in volume you get for $10,000 :)
     
    Anthony416, 6th Nov, 2018
    #22
  3. Indifference

    Indifference Well-Known Member

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    Exactly. It'd be about 180 grams ;) .... pocket change
     
    Indifference, 6th Nov, 2018
    #23
  4. The Y-man

    The Y-man Moderator Staff Member

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    To give some idea, a 1 oz coin is like a 50 cent piece

    The Y-man
     
    The Y-man, 6th Nov, 2018
    #24
  5. Perky29

    Perky29 Well-Known Member

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    Yeah, 5 ounces of gold is currently $8,647 at ABC Bullion - 5oz ABC Gold Cast Bar 9999
    You can carry that in your pocket.

    If you want to buy more, then take a backpack is my suggestion.
     
    Perky29, 6th Nov, 2018
    #25
  6. Nick23

    Nick23 Active Member

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    To consider:-
    If you buy gold in a SMSF you can't stash it at home. It has to be stored in a facility that is deemed to be safe. I used ABC Bullion in castlereagh st Sydney- really good. Your SMSF accountant will ask for an annual statement that you will have to get from ABC Bullion showing that your gold is stashed there
     
    Nick23, 11th Nov, 2018
    #26
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