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Gold, Discussion
mullokintyre
post Posted: May 13 2015, 10:48 AM
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In Reply To: triage's post @ May 12 2015, 12:46 PM

If you are worried about people identifying the purchase, I have purchased bullion from Australian Bullion Company.
When it is sent, it has no identification on the outside that suggests it is bullion.
Indeed, the documents said it came from another company and suggested it was machine parts.
Perhaps the courier companies know what it is, perhaps not.

Mick



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triage
post Posted: May 12 2015, 12:46 PM
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In Reply To: schusang's post @ May 11 2015, 05:28 PM

schusang

Welcome to sharescene. smile.gif

The first piece of advice I will give is never ever take anything you read on a stock forum like sharescene at face value: for all you know the poster who is providing such sage advice is really a kid in high school or a granny in a nursing home, both of whom are attempting to kill boredom rather than manage a substantial investment portfolio.

Now, on an entirely different matter, I am assuming you are not in the market to buy 400 oz or 1000 oz bars (which are indeed numbered and stamped). If you do have a lazy $60k or $150k sitting around to buy one of those bars then I suggest you talk to the Perth Mint or one of the specialist dealers directly or perhaps talk to your bank about a safety deposit box (remember these things are effectively bearer instruments [ie if you hold it you own it]).

http://www.perthmint.com.au/investment_bul...s_barspage.aspx

Most people when they talk about holding physical gold however are talking about either coins or lighter weight bars (the standard is probably the one ounce bar, which is usually stamped but not numbered).

There are specialist outfits in most major cities that cater for this market. Here is a link to one of the bigger operators, that is a Sydney firm.

https://www.abcbullion.com.au/

and here is one that operates in the Brisbane CBD.

https://www.ainsliebullion.com.au/

You can have the product delivered by courier or you can go into the store and buy there. With delivery of course the courier company and the driver may be aware that you are buying bullion and of course the bank would be aware that you have made a payment but other than that the only people that would know about your purchase would be those you tell. Remember just because these firms may appear to be solid you should weigh up whether you are willing to risk doing business in this way.

The risk profile of gold bullion is quite different to that of shares, both have their own benefits and disadvantages. One of the down sides of bullion is that as an investment it is "lumpy" and not the easiest thing to trade with, whereas most major listed companies have issued shares which are readily tradeable (though a lot of the gold juniors can become quite illiquid when push comes to shove). You could look at speculative gold juniors on the ASX or other bourses, whether that be extremely risky explorers or slightly less risky producers or perhaps look at major operators that are likely to have a lower risk reward profile. The thing about investing in companies is that if your bullion drops in value by 90% you still have an asset that you can sell but if the gold price drops by 90% most likely your gold company has gone bust and you have lost all of your "investment". You need to read up on the risks involved and decide whether gold stocks - which as a sector is amongst the riskiest around - are really suitable for your circumstances.

A half-way house between bullion and stocks could be in the form of an exchange traded fund (ETF), which should track the gold price more diligently than shares but has the liquidity advantage of shares. One of the big gold ETF's that trades on the ASX uses the code: GOLD, but there are others as well. You need to read up on the product to see whether it is suitable for you.

My last piece of advice is ... do not rely on anything you are told on stock fora like sharescene. Do your own reserach, carry out your own due diligence and be aware that you could quite possibly lose shitloads of money as a result of the decisions you make. Other than that ... good luck.



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"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

"It is the mark of an educated mind to be able to entertain a thought without accepting it." Aristotle

Said 'Thanks' for this post: arty  early birds  
 
flower
post Posted: May 12 2015, 10:18 AM
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In Reply To: schusang's post @ May 11 2015, 05:28 PM

QUOTE
With future changes I would like to invest in gold, physical gold.

How do you acquire GOLD without others KNOWING about it?


1: Have never bought the physical, but presume you get onto the website of the Perth Mint and see how to go about it.

2. Nobody need know, simply do not tell anybody. All gold bars are numbered, from observations holding such valuables at home doesn't seem the brightest of ideas, presume your best bet would be to open a safety deposit box rented from your bank.

btw: Why hold the physical when a highly profitable well funded Australian based gold producer gives you unlimited exposure to the spot price in AUD?

NST is a prime example since its production costs per ounce is around $AU1100 and it is currently selling it's gold production at $AU1498 ie it is making $A398 gross profit for every ounce sold and pays a divi of around 3% annually, and can be bought and sold for around $A25 (per trade) instantly.

Chart of the share price of NST (enclosed) over a recent 5 month period where you could have doubled your money.
Attached thumbnail(s)
Attached Image


 




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Combining Fundamental comments with Fundamental charts.
 
schusang
post Posted: May 11 2015, 05:28 PM
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Excuse my ignorance. With future changes I would like to invest in gold, physical gold.

How do you acquire GOLD without others KNOWING about it?




 
Carsha
post Posted: May 5 2015, 01:09 PM
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In Reply To: flower's post @ May 5 2015, 11:10 AM

Hi

The fed could have a token rise in interest rates.
If this happens the markets could see it as bullish.

If Yellen knows disaster is the only outcome from fed policies and we also know its the only outcome then how come the markets don't know? blink.gif
How about the rest of the fed members guess they know also but just go along.......

Just something doesn't sound right it must be the biggest conspiracy in history.

Now if you were to say good old fashion greed and manipulation for the rich has blinded them to possible dangers I could find it a lot more believable.

Cs

 
flower
post Posted: May 5 2015, 11:10 AM
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In Reply To: bam_bamm's post @ May 5 2015, 09:14 AM

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Yellen isn't pushing policy at the moment, she is pushing an agenda. She's probably hoping to get through her term without lifting rates, and to keep the status quo.


IMO--much more likely she knows raising effective rates meaningfully simply cannot be carried out, and she may be steeling herself that another round of "quantative easing" is the one and only way to keep "the American dream" alive. Her term is 4 years I think, so no hope she can avoid doing something definitive, she can't keep waffling for ever for the sake of the USD if nothing else.

POG going nowhere until the next set of US non farm payrolls is published, POG still needs to go above and hold above USD1220 to stimulate buyer interest.



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Combining Fundamental comments with Fundamental charts.
 


bam_bamm
post Posted: May 5 2015, 09:14 AM
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In Reply To: flower's post @ May 4 2015, 06:53 PM

Yellen isn't pushing policy at the moment, she is pushing an agenda. She's probably hoping to get through her term without lifting rates, and to keep the status quo.

There will always be investment capital looking for a home, and at the moment you cant really beat equities (and Sydney real estate lol)






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flower
post Posted: May 4 2015, 06:53 PM
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In Reply To: bam_bamm's post @ May 4 2015, 01:57 PM

QUOTE
The equity markets have been a great place to park and make money the last year or so, and it set to continue as it is evident to most that the US will not raise rates any time soon. How can they? the data doesn't suggest the economy is stable enough for higher rates, and they've injected so much money into it over the years (TARPS, QE's etc) that if they move to soon and it goes backwards, it'll all be for nothing.


BB: Why then has Janet Yellen expended so much time and effort in pushing a policy which she must know is doomed?

If this policy is doomed what will happen when Mr/Mrs Average realise they have been conned, and the never never Wonderland that is supposed to be the US economy cannot withstand a miniscule interest rise--will they continue to park their money in Wonderland--what happens when they all pull out?

GFC Mk 2?



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Combining Fundamental comments with Fundamental charts.
 
flower
post Posted: May 4 2015, 06:37 PM
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In Reply To: bam_bamm's post @ May 4 2015, 01:57 PM

QUOTE
There are a number of Australian listed gold miners that are, or will be making great money at the current price of A$1500 per ounce. The companies that are adequately funded and have good management will prosper. Now I don't know if I've just contradicted myself, but just trying to show the relevance (in my eyes) of equities v gold at this point in time.


BB---Low cost ASX quoted all Australian gold producers versus holding the metal itself for price leverage has never been in doubt surely, right now we have 7 such producers that are adequately funded with good management having low AISC's--ie under $AU1250.

Current spot price $AU1508:

EVN
SAR
DRM
NST
RMS
SBM
NCM
PXG

To re-establish confidence in investing/trading any of the above the POG in USD needs to be above and able to hold USD1220--IMHO



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Combining Fundamental comments with Fundamental charts.
 
bam_bamm
post Posted: May 4 2015, 01:57 PM
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QUOTE
As it turned out the FED said nothing of value at the FOMC meeting, removing all references to any rate lift dates. Whether the equity party will continue is open to question. POG went nowhere, just have to wait and see, holding no gold stocks currently.


Every month we get tipped off that the FOMC is going to meet, and that it will somehow impact heavily on all of our trading and or investments, and then every month the world continues to turn and its business as usual. The equity markets have been a great place to park and make money the last year or so, and it set to continue as it is evident to most that the US will not raise rates any time soon. How can they? the data doesn't suggest the economy is stable enough for higher rates, and they've injected so much money into it over the years (TARPS, QE's etc) that if they move to soon and it goes backwards, it'll all be for nothing.

The place to be is equities. If (US) rates continue to be held where they are, equities will be the best place to have your capital invested.

QUOTE
If you don't have any faith in anything what are you going to do with your trading and investment funds icon14.gif


I have faith that the circus that is the equities market, will continue to throw up the best opportunities to make money as opposed to buying and holding gold at these levels. There are a number of Australian listed gold miners that are, or will be making great money at the current price of A$1500 per ounce. The companies that are adequately funded and have good management will prosper. Now I don't know if I've just contradicted myself, but just trying to show the relevance (in my eyes) of equities v gold at this point in time.



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