I was thinking to invest in gold and don't know where to start. So I bought this coin which I can resell easily. Enjoy.
How much chocolate is inside?
99.99% pure gold
99.99% pure gold
This or PS5?
3.11g for $300 doesn't seem to be much of a deal?
Not a bargain, sorry. You could get 1oz at ~$2500. Or 3 x 1g (which is about 1oz) at 3 x $98.
Yeap I wouldn't want OP in charge of my finances lol
It’s the same guy that bought the high yield investment coming back to redeem himself.
So you could get 1oz at $2500 or
1oz at $294…!?!??
Yea, no brainer that one! Ha…
Sorry typo, it's obviously 0.1oz
This one seems to be $88 per 1g after same code
Could you please Google to confirm how many grams are in an ounce before posting, (next time).
Is that a good price? Gold is US$1793 pet ounce as of today.
Fair value if you buy with discounted eBay gift cards from Coles
But will officeworks pricebeat?
Would be even better if you could still apply discount codes to gold on ebay https://www.ozbargain.com.au/node/213041
divide by .73 AUD OP paid $55 more than bullion .
Only ok if bought with 20% discounted eBay gift cards from Coles
When did Coles do 20% off eBay gift cards?
Minited coins have a premium attached. They also have extra value as a collectors piece.
If you want straight up raw gold you can buy that at spot.
Save the hassles just but gold ETF
@bruceclipse: Yep that's easier
@Drogo: At the risk of upsetting some folks, could always consider Bitcoin. I'm up 100% in just a few months, in long.
(not financial advice)
It is a great looking coin though for a collectible though, just not what I'd look at for investment purposes.
Curious, where does one buy straight up raw gold that i can take home and hide away under my bed from the tax man?
*never mind someone posted a store in the comments below
@Iwantthebestprice: There are bullion dealers that sell to the public. Best way to keep it safe is not to tell anyone you have it. ABC Bullion have offices in a 4 states. WA, VIC, NSW and QLD
@Iwantthebestprice: Iwsntthebeetprice, buy under 5k worth each time. And sell under 5k each time.
Anything above 5k, bullion dealers require your details.
You will only resell it with the gold price which is around $2000 per oz. Basically you are paying $100 for this coin.
better invest on Silver.
Agree so underated
Underrated when you buy, and underrated when you sell…
Silver is more cheaper to get and not many people actually buy them and gets over looked.
But the price is far above market for any amount less than a few hundred oz.
Yeah, unfortunately not really a bargain, especially if you're only interested in its gold value. Just a quick Google, I already found a shop selling it in-store for $306 (buy back price of $239).
You understand that this isn't bullion right?
No deal. I bought 2 years ago for half this!
so why dont you sell your one from 2 years ago for double? sounds like you made good money
And keep fiat money? Are you out of your mind?
You could melt it down to make a nice foil hat.
@SolitaryMan: Guess what Solidaryman, you can melt gold down and make whatever sh!t you want, and it'll still hold its value.
Let's see… what happens when you melt your car, macbook, Australian dollar, etc down and make something else. Wonder what it'll be worth.
@jecec: People like mr_asstight will have the last laugh when inflation catches up with all the QE in the coming years. You just have to observe what the hedge funds and institutions are doing right now to know the future of fiat isn't looking great.
It's not a horrible price. You always pay a premium over the spot price for perth mint products and small fractional coins.
It's not a good price either though. Google for a quality bullion dealer online and you should be able to get something at much closer to spot to start stacking physical gold.
As to whether or not its a good time to invest in gold that's a whole other debate.
Justified premiums are in play for like 1000 mintage theme coins or the like but not worth it on unlimited mintage bullion coins .
You and OP should start a financial investment house with Ozb crowd funding lol .
I never justified or supported the premium i just said that it existed and that you'd be better off looking for a lower premium item IMO. But thanks for your worthless reply
OP, you can trade gold and silver via Revolut.
Buying gold coins isn’t the beat way to invest in gold as you pay a premium for the minting. Better off with bullion.
serious investment question: will this guarantee a feature in a pokie?
perth mint has this for sale: https://www.ebay.com.au/itm/Perth-Mint-Kangaroo-1g-Gold-Mint...
seems cheaper for "gold investment"
I think the link OP has put up is specifically for the coin, like.. if you're interested in investing in the gold coin for later trade and not so much the value of its gold??
There's one small problem with buying the bars. Counterfeiters have produced really good fakes of Perth Mint bars including the packaging and authentic looking serial. Selling one in the future may be problematic. While it's certainly possible to fake a coin, it takes more effort to do so.
Interesting. What are the bars made from?
.. electroplated Tungsten?
I mean.. isn't this the perth mint?
He's saying these are legit, but people aren't going to be trusting buying them from you in the future since there are so many fakes.
Any competent (and legitimate) buyer is going to get it tested. A simple density test is easily accomplished but getting it tested with an XRF is quick, simple and reliable.
My local dealer sells 1oz gold coins for $2529 today, so $252.90 equivalent to this $317.30 coin. It's a 25% mark up to buy the smaller coin.
Good thing it's something OP can "resell easily" because this really isn't good value if investing in gold is the goal. At ~$316 for 1/10oz, that's $3,116 for an ounce when the current gold price is $2,423 an ounce. Even with a 20% ebay deal bringing the coin to around $240, adding shipping would still kill the deal.
If the goal is to invest in gold, just invest on gold exchanges
This price is already after the Ebay 20% deal
The code is a 5% deal
I think this is expensive for the amount of gold you get
It could be a good buy as 'some' coins do appreciate greatly over time but i honestly know nothing about coins so it isnt the investment for me
but thanks for posting OP it is a bit of a different deal to what we normally see
Will this work in those $2 coin slot gaming machines?
I'm using it to get some gumballs.
What a great idea!
Could I carry 600 of these through the airport and not declare it as it is under $10,000 in cash.
Not like the old days when could just buy 10,000 dollars of loose diamonds at joburg airport
will it fit a Coles trolley?
No, it's smaller, but Coles can swap it for 15x $1 coins so you can get 15 trolleys simultaneously unlocked.
I though everyone carries that plastic trolley key with em so you can leave trolleys everywhere :)
how can I sell it? easy?
much few chocolate which I cant eat.
Thanks for all the ozbarginer, the coin is now sold out
Next gen coins release next month, I'd wait unless your current coins are really overdue for an upgrade
I was thinking to invest in gold and don't know where to start.
I was thinking to invest in gold and don't know where to start.
Investing in Gold exchange traded funds, or shares in gold mining companies are far-better options, e.g.
Investing in physical,ETF,and minning companies are 3 very different things.
Physical : You have access to physical gold and can do whatever with it. Many reasons for this.
ETF : Some are physically backed. So in theory you could exchange for physical gold without ever having paid storage costs.
Mining shares : the company can go bust and you loose your money. The cost of digging it up could endup more then it's value…share value goes down or bust..Many reasons share value could go down.
Basically depends on your investment strategy.
Australians are very lucky to have a local stock exchange that lists the most and the best gold mining companies in the world. I have all my money invested in them.