I have been selling down my shareholdings in the last two years but the problem is there is no where to park the cash beside share and investment property.
I am think of buying some physical gold as a way of financial investment diversification. How do you think about owning physical gold? Where to buy it?
Thanks
I heard gold ETF but I want a little physical gold in the case of emergency.
What emergency are you expecting where you think carrying around gold will help you?
Break in, can use it as a weapon.
OP might turn into King Midas
Have you been asleep the last few years?
like in a hyperinflation or some unforseen situation
To do what? Bash the zombies over the head with it?
Use the gold to fill cavities.
Worst advice ever.
Thanks. I am consider to buy from them
Cash converters 👍
Rekt converter 💪
Crime converters…
I have been sale down my shareholding in the last two years but the problem is there is no where to park the cash beside share and investment property.
Park your fiat 💵 in a savings account. It's safe and pays 0.35% in interest.
and inflation is 5.1% you are safe to loss money and purchase power
CPI is 5.1%.
Inflation is nowhere near that.
Rekt is correct.
Inflation is about 20% based on the petrol browser price I'm staring at, as I text on my phone while filling up.
4x of that sounds about right
Park your fiat 💵 in a savings account. It's safe and pays 0.35% in interest.
0.35% is still higher than -99%
What's going to -99%? I want to short it.
Luna
@sjj89: Ohh, I see.
All 💩coins go to zero against #Bitcoin.
The way to play this is to buy them with fiat 💵, wait for pamp and convert to $BTC.
Don't be greedy and hodl 💩coins to the 🌕.
invest with rekt, he gets 50% a day, sure he can cut you 10%
Don't do that.
Nobody here can stomach (other than Techlead) a -50% drawdown without vomiting.
Park your fiat
I belive the OP drives a Toyota not a Fiat.
Make sure to cement your safe into the ground. I know someone whose safe was stolen out of the plasterboard wall along with all their bullion.
I am think of rent a safer at a bank
True. Lessens your profit margin, but there is no profit if it gets stolen.
Unless the bank steals it lends it to someone who can't pay it back.
inside job?
Suspected to be the case, not much else was taken.
And don't leave your forklifts nearby like a guy I know. The concrete wall was no match,
Buying gold is dangerous.
What if bad men break into your 🏠, tie you up and start breaking your 💅 to get the combo to the safe?
He could be the bad men, who knows.
The irony vs getting locked out of your crypto account permanently?
Not your 🔑, Not your Bitcoin
Write it down, split it up and hide it.
at least if you lose the combo to your safe you can cut it open with a circular saw/angle grinder though ;)
Bro, surely at that point they're 'earned' the gold? If they're gonna go as far as to home invasion someone just to get at their stash, then there's not a lot you can do to stop them. If the gold wasn't physically on your property they'd have found some other way to extort the wealth out of you regardless.
The bad men can throw a party, invite op and beat them to death before taking the gold.
https://www.theguardian.com/world/2016/jul/16/indian-busines…
Indian businessman famed for $240,000 gold shirt 'beaten to death'
This article is more than 5 years old
Datta Phuge, who ordered a shirt made from 14,000 pieces of 22-carat gold in 2013, was reportedly attacked by 12 assailantsIndian businessman Datta Phuge, who bought a shirt made entirely of gold in 2013, has reportedly been killed.
Agence France-Presse
Sat 16 Jul 2016 03.46 BST
Yeah but imagine walking around in a solid-gold shirt though. The cops should've classified it as a suicide, frankly.
You know in Europe, every new driver must learn basic first aid in case of an accident. I think every home owner should be required to learn basic gun safety. In a home invasion, there's going to be guns involved. Maybe they will switch hands and you will have the opportunity to use them to your advantage. Or you'll remember that your late great uncle (who watched one too many Trump rallies) kept an old stash of hunting rifles next to his 70s porn movies and music records. Either way there's a good chance that knowing how to safely handle, store, and use a gun could come in handy at some point. Isn't the whole point of policies like this just to plan for the unexpected?
What good is it if we just assume this stuff will never happen…
Russian gold is really cheap. They will promise to keep it for you until you want to sell it!
you joke but the ruble is one of the strongest performing currencies atm
😴 Joe missed the target on that one.
The sanctions backfiring is priceless.
"How do you think owing physical gold"
I'd prefer to own it.
Thank you are right
Perth Mint
Get a safe deposit box at a bank, if you decide to buy gold. That’s what I’ve done
Yes thats what I am thinking as well. My friend who has one and I remember the price is very reasonable.
I think the non-bank vaults may sell gold too. Eg as an extra service, so if you are renting safety deposit boxes from them, hey they are happy to help you add more things to it
When I applied at the CBA one in the Melbourne CBD, there was a waiting list. I only had to wait a couple of months though
How much is the fee? Per month/ year.
When you die who gets the key? Will be pretty strange if they didn't know you had gold and they open it up and see all gold bars.
I wouldn't trust to put anything in an SDB. For it to worth it, you also need to put more value in than the bank recommends.
Find a private vault service if you really want to store it like that.
But gold doesn't take up a lot of space and can be easily hidden.
Shame you're not in the US - then I'd recommend Birch Gold.
I bought a little gold a few years back, my goal was to hedge against inflation, and didn't really see it as an investment, I just put in a small percentage of what I had, say around 5% or so. I got in at the 1800-2300 price level so happen to have seen some gains (unrealised), however in terms of an inflation hedge, that idea doesn't really seem to be consistent (with record inflation, the 1 year return on gold seems to be -1.5%). You need to hold it for some time, since you can't buy/sell at spot price and the price movements are pretty slow; as soon as you buy you've already lost about 2-4% or so (more if you purchase coins), and if you sell in the short term you'd lose roughly the same. I don't really like to talk about this stuff as I don't really know much about it…
Thanks for your reply and you know it more than I do so I really appreciate
https://twitter.com/DylanLeClair_/status/1409878363355987969
Gold underperforming the CPI since 1980. https://t.co/mb5qFQTKe3
Well that blows the inflation hedge theory!
i have a kg brick buried on my land, hope its still there
Jewelry store.
I use ABC Bullion for silver (and yes they can do gold too). It's option to have the actual thing, but they can hold it for you - free of charge and insured. They have 4-monthly email update about your holdings
For Zombie Apocalypse - sure
If just for investment use an ETF or something - you'll likely get closer to spot price of gold anyway, and don't have to worry about the storage/insurance costs
I know some people do this for a societal breakdown - but why?
You don't really want to have to lug around heavy metal bars when getting chased by zombies, and surely food, fuel, or ammo would be better media of exchange in such a scenario?
Why not also invest in rubies, sapphires and diamonds and keep them in a wooden chest. Be sure to draw a map of where you leave it.
You could buy Gold standard on Coinspot. It's tethered to the price of Gold.
https://goldsilverstandard.com/
Ballarat
Cheapest shipped gold available in Australia,
Transaction costs of selling gold back (to get fiat currency) too high to make it worthwhile at small volumes
Are you after gold bullion or 1ounce coins?
Coins are easier to trade than bullion.
When you sell a commercial buyer will always ask for a receipt … which unfortunately will show your buying price.
Gold has the problem that when selling, you need someone ready to buy. And to pay full current price when buying from you.
Gold bullion feels and looks real nice and seductive. Inviting. Addictive. Collectable. Evil if you want …
Paper money doesn't and shares do even less.
Maybe gold coins for easier to trade
I bought mine from Ainslee. There is a limit on how much you can buy without having to go through a lot of documentation and thus I purchased mine in lots under the limit so it didn't go through the notification process to other parties such as government departments.
I am not a fan of buying gold and they store it as in some cases there is no actual gold. I would rather know where it is. I also purchased coins rather than bars as if the worst actually happened, you can easily use a coin. Bullion is a little harder to break up when you only need a bit.
Thanks for the info. I guess if someone wants more than the limit, he/she can always buy in a few goes.
Gold has lost its lustre … after the Russians linking the Ruble to gold, I don't see it going much higher.
You buy gold from places like Perth Mint, or ABC.
I look at it that perhaps linking the ruble to gold has put a floor price in place ($1,700 USD approx) where gold should not drop below?
silver stackers forums is where i got mine and silver pretty easy to buy below melt value.
I prefer silver i purchase low premium trade ins froma mint get 100 random coins/bars sort and sell them online.
Ive also purchased a damaged 1oz gold bullion (droped damaging corner) for 20% less then melt value.
Just hop on the forum and try to snag a deal silver does take a fair bit of room to store for example, higher weight bars (eg 10oz or 1kg) are harder to sell.
ABC bullion and perth mint are also ok.
But im pretty much out of it now and only have the 1oz gold left and maybee 10 x 1oz coils
Where do you sell them online? Any websites recommended?
silver stackers forum
Ive also sold some on ebay and FB
I used to follow As Good As Gold youtube - it's been a while I've been back on but they have solid info about economics, finance, property, and even hedging.
They also have their own mints & mines + secure in house vaults (I think it's in Perth).
You can place your order online & buy/rent a vault and they do everything for you. I'm sure you can also convert it as close to Spot as well pretty quickly.
But DYOR since it's been a while I've watched their stuff.
I think its worthwhile, Shares and Housing are not exactly enticing at the moment and you're not likely to lose much with Gold. I do have silver too but I'd priorities gold and plan to get rid of my silver in time.
I don't think physical is a bad idea, you just need to plan for it. The good thing about gold is you can 'lose' it.
You could just buy the GOLD - ETF