1kg gold bars

Discussion in 'Gold' started by Dusty, Aug 16, 2011.

  1. Dusty

    Dusty Active Member Silver Stacker

    Joined:
    Apr 16, 2011
    Messages:
    878
    Likes Received:
    29
    Trophy Points:
    28
    Location:
    Australia
    Would you be able to sell a 1kg bar anywhere except back to the mint?
    Obviously the buy back price isn't good so would you end up with a 1kg door stop?
     
    Dusty, Aug 16, 2011
    #1
  2. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

    Joined:
    Sep 1, 2010
    Messages:
    3,572
    Likes Received:
    4
    Trophy Points:
    0
    Location:
    Brisbane/Greenbank
    You would be able to swap the 1kg bar here on the forum for silver or smaller gold or maybe even for fiat.

    and i think from memory we did have one such mega transaction take place here on SS.
     
    THUCYDIDES79, Aug 16, 2011
    #2
  3. hiho

    hiho Active Member Silver Stacker

    Joined:
    Apr 4, 2011
    Messages:
    7,816
    Likes Received:
    21
    Trophy Points:
    38
    Location:
    South Brisbane
    small fry to most bullion dealers, easily liquidated but austrac would most probably be informed of your purchase and sale
     
    hiho, Aug 16, 2011
    #3
  4. Auagau

    Auagau Active Member

    Joined:
    Mar 3, 2011
    Messages:
    423
    Likes Received:
    74
    Trophy Points:
    28
    Location:
    Australia
    They have been traded and sold here before.

    But I wouldnt buy one due to liquidity.

    I guess, however, if you had $1m in gold then it wouldnt be such a big deal.
     
    Auagau, Aug 16, 2011
    #4
  5. unfunkable

    unfunkable Active Member

    Joined:
    Feb 7, 2011
    Messages:
    1,017
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Canberra
    theres a place in sydney that will buy back at spot price( no fees involved, mention you are from SS)
    they go by the name ozbullion here

    no other dealer do i know of will buy back at spot (1kg gold bar)
     
    unfunkable, Aug 16, 2011
    #5
  6. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

    Joined:
    Apr 13, 2011
    Messages:
    4,062
    Likes Received:
    17
    Trophy Points:
    38
    Location:
    Brisbane, Australia
    I am fairly sure you'd be able to move it in a private sale if you look around hard enough :)
     
    RetardedMonkey, Aug 16, 2011
    #6
  7. Dabloodymess

    Dabloodymess Active Member

    Joined:
    Jul 7, 2010
    Messages:
    1,347
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Russia
    It must be nice worrying about where to offload your 1kg gold bars :p

    I will just keep worrying about getting 1kg gold bars.

    There have been a few move through the forums.
     
    Dabloodymess, Aug 16, 2011
    #7
  8. Ageo

    Ageo Member

    Joined:
    Jun 2, 2010
    Messages:
    195
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Australia
    Dusty check your pm
     
    Ageo, Aug 16, 2011
    #8
  9. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

    Joined:
    Apr 15, 2010
    Messages:
    5,008
    Likes Received:
    714
    Trophy Points:
    113
    Location:
    Melbourne
    BUZZ

    I'm open to a swap of 1oz for a kilo (modest premium)

    Can include mixture of sovs $200 maples and nuggets, or just pure nuggets.

    Ck.

    Edit: I think I just BUZZED a kilo of gold on my 3000th post
     
    Captain Kookaburra, Aug 16, 2011
    #9
  10. Dusty

    Dusty Active Member Silver Stacker

    Joined:
    Apr 16, 2011
    Messages:
    878
    Likes Received:
    29
    Trophy Points:
    28
    Location:
    Australia
    Sorry guys I don't have but was wondering that if one had would he or she be able to unload easily?
     
    Dusty, Aug 16, 2011
    #10
  11. vintec

    vintec Member

    Joined:
    Apr 27, 2011
    Messages:
    99
    Likes Received:
    11
    Trophy Points:
    18
    Location:
    Brisbane
    judging by the amount of offer you get even without you putting up an offer, i doubt liquidating a kilobar is that difficult :lol:
     
    vintec, Aug 16, 2011
    #11
  12. Butch

    Butch Active Member Silver Stacker

    Joined:
    May 18, 2011
    Messages:
    2,584
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Australia
    Who disconnected my buzzer?//////?
     
    Butch, Aug 16, 2011
    #12

Share This Page