Gold&Silver

Viewing 8 posts - 1 through 8 (of 8 total)

MrIronman
Member
@mrironman
Join Date: 2003
Post Count: 38
July 30, 2004 - 5:23 am
Hi everyone
This sort-of has to do with property. I’m just hedging.
I trying to buy gold, silver and palladium bars and I’ve called ever coin dealer in melbourne (well nearly) and no one can help me.
Where do you buy gold, silver and palladium bars from???? (in Melbourne if possible)
Regards
Spiffy
westan
Member
@westan
Join Date: 2002
Post Count: 1,950
July 30, 2004 - 5:33 am
Hi ironman
this post may get deleted so i’ll share what i know, try the Perth Mint (No not in Melbourne), years ago there was acompany in melbourne called the Australian Gold Bullien Company.
Muppet likes the idea of silver, personally i rather the leverage of Gold and silver miners (ie Gold and silver stocks on the ASX), but i’m comming around a bit to Muppets thinking
regards westan
PM muppet
I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
aussierogue
Participant
@aussierogue
Join Date: 2003
Post Count: 983
July 30, 2004 - 5:47 am
i got my gold from the perth mint. you buy the ownership get a certificate and they keep it!!!
they have a website
or as westan said just buy up the stocks of one of the mineral companies..
FFComm
Member
@ffcomm
Join Date: 2004
Post Count: 627
August 2, 2004 - 4:20 pm
From memory you can actually buy stocks in a company that just buys gold bars, each stock is issued at 1/10tb (so if gold was $500 an ounce you could pickup up a share for $50 and that would give you ownership of 1/10 of an ounce). The ASX code is gold.
Or just do what Aus suggested!!!!! (There could be hidden costs, or some sort of unprotected liability so check it out before hand!!!).
Rgds.
Lucifer_au
craigsed
Participant
@craigsed
Join Date: 2004
Post Count: 37
August 3, 2004 - 6:48 pm
Here’s the link
http://www.perthmint.com.au/gc/depository/depository_layout2.asp?url=6
Craig.
vado55
Member
@vado55
Join Date: 2004
Post Count: 10
August 4, 2004 - 10:14 am
Hi,
Im a coin dealer in Sydney. What i can tell is this, the palladium bars is a difficult metal to sell in Australia, gold is very popular and excepted all over the world. Someome mentioned the Perth Mint is a good place to buy your bullion,I agree, What i suggest you buy is gold Kangaroo nuggets, they come in a coin form anywhere from 1kg down to 1/20oz. They rally on its gold price and made from fine gold (so its like buying a chunk of gold). Good size to buy is 1oz and build up when you can.
vadim ozeransky
GrantH_1974
Member
@granth_1974
Join Date: 2004
Post Count: 190
April 18, 2006 - 9:17 pm
Perth Mint is the place to go.
(P.S. My understanding is that gold etc are non-income producing assets, so if you are borrowing the money to buy them, you can’t claim the interest as a tax deduction).
Property WA
Member
@property-wa
Join Date: 2005
Post Count: 132
April 21, 2006 - 3:28 am
Hi MrIronman,
We have clients looking at a Gold Fund brought out by Merrill Lynch.
Minimum investment is around $5,000 and ML basically go out and invest in gold shares from around the globe. Just another option to consider alongside holding gold direct and buying shares direct.
Interesting to note that they say typically, for a 10% movement in bullion price, equities move between 20%-50%. Obviously that works on negative and positive movements.
Oh – and of course – in no way recommending or not recommending this or any other investment in any way, shape or form.