Just wondering if anyone can tell me the performance of $20k of gold bought with super money that the govt let people have during covid vs if it was left in super. I have a friend that wants to know.
For the simple fact that the money was extracted out of super the most regulated entity hands down into your personal account is well worth it. Think about it, its in your hands and there is zero regulation on it. Timmy
Assuming you made the purchases in end December 2020, you'd be better off in gold by approximately 7.5% Rough calcs (all in AUD) 1. Gold was $2589 giving you 7.725 oz, meaning at todays spot it would be worth $25,198* 2. A200 (assuming 100% super) was 110.87 meaning 180 units, at todays current trading price it would be worth $23,427** *** * don't recall the rules, but assume you'd have had some tax implications to extract the $20k from super ** less as your super would have had fees charged *** if you'd managed to add to the super prior December the return would have been much better Which option did the friend choose?
If it was Crypto such as ETH your 20k would be appprox 375k AUD If it was BTC im big guessing $73k AUD Just an interesting comparison. REDBACK
Thought my friend was doing great until you guys mentioned the crypto's. You had to go and ruin it didn't you!
