Buy Gold, they say....

googler

In a few threads here and there on MSE, people have said 'Buy Gold' as an investment; now, assuming they don't mean "walk into your high-street jeweller and buy some plain gold bands", where would one go if one wanted to buy what I'd term 'serious' gold?

You know, something like an ingot that would take two strong men to lift into my safe deposit box at the bank (or, I should say, my projected safe deposit box)?

sabretoothtigger

"walk into your high-street jeweller and buy some plain gold bands"

At the turn of the decade I wish I had done just that, I'd much more weathly now I guess and could have looked like MR. T meanwhile

two strong men to lift into my safe deposit box

Just how rich are you ? :laugh: If you can lift a few bags of sugar then you can buy your house with gold most likely


If you google perth mint, the australian government will store it for you. No need to own bars of it personally afaik

googler

"take two strong men to lift into my safe deposit box "

OK, shoulda put a smiley at that bit.

I'm serious about the rest though, maybe not about the quantity. Wondering if it's a good way to invest some of an inheritance....

mr_fishbulb

sabretoothtigger wrote: »

If you google perth mint, the australian government will store it for you. No need to own bars of it personally afaik

Do you know how they sell it at the Perth mint? Do you buy and sell in AUD?

googler - When I had some gold, I held it in the form of an ETF - PHAU. There are some good threads on here about ETFs if you do a search. One good one buy the poster with a smoking baby (that's their avatar, they don't actually have a baby who smokes. Can't remember their name though )