Best option to Buy/Sell unallocated precious metals

Discussion in 'General Precious Metals Discussion' started by maverick, May 24, 2019.

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  1. maverick

    maverick Well-Known Member Silver Stacker

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    Hello experts,

    I am seriously considering putting aside monthly savings into un-allocated or pool allocated precious metals.

    Goal is to save money for property deposit in 2/3 years time.

    Looking for best options when it comes to reliability, low or no transaction fee, easy to liquidate, low buying/selling spread etc.

    Your valueable suggestions and previous experience will help me decide.

    Thanks
     
    maverick, May 24, 2019
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  2. SilverDJ

    SilverDJ Well-Known Member

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    In Australia the best choice would have to be the Perth Mint Depository.
    Zero storage fees on unallocated, government guaranteed, and spreads are small.
    I think they have an automated deposit system you can set up from your bank account.
     
    SilverDJ, May 25, 2019
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  3. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    Agree with Perth Mint recommendation. I believe their options are: allocated, pool allocated and unallocated. My preference and the cheapest is unallocated.
     
    GoldenEye, May 25, 2019
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  4. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Goldstackers in Melbourne are good, very happy with them when I used their services.
     
    mmm....shiney!, May 25, 2019
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  5. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Un-allocated metals ARE Un-allocated to you. Don't you get it?
    If you don't hold it, you don't own it. Jeez's, how thick are some people?
     
    JOHNLGALT, May 25, 2019
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  6. SilverDJ

    SilverDJ Well-Known Member

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    Perth Mint spreads are

    upload_2019-5-25_19-2-27.png

    This is so small you can practically day trade unallocated if the price moves enough. Transaction fees are 1% down to 0.2% depending upon trade size.
     
    SilverDJ, May 25, 2019
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  7. JOHNLGALT

    JOHNLGALT Well-Known Member

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    See my post above & good luck. _JOHNLGALT.
     
    JOHNLGALT, May 25, 2019
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  8. JOHNLGALT

    JOHNLGALT Well-Known Member

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    "I am seriously considering putting aside monthly savings into un-allocated or pool allocated precious metals."
    Not an Investment adviser this way, but, every dog & his master knows if you are your own bank, with Precious Metals as your MONEY, you will at least get the value of that back if/when there is a collapse.
     
    JOHNLGALT, May 25, 2019
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  9. l***g

    l***g Well-Known Member Silver Stacker

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    Hi mate, I second goldstackers for unallocated metal.
     
    l***g, May 25, 2019
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  10. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    I can vouch for the Goldstackers unallocated program.

    It's changed a little bit in structure since we set it up. But I still think it's still the gold standard when it comes to unallocated.

    I can certainly put anyone minds to rest as to the fact that it was always fully backed, and more importantly it was never registered as GoldStackers asset, so it is safe even if the company hits problems.

    Ck.
     
    Captain Kookaburra, May 26, 2019
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  11. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    Just checked Goldstackers site and found their Allocated and Pool Allocated info, but can't find their Unallocated info? Although the Pool Allocated fees look good so Unallocated is probably not needed.

    Does anyone know how Bullion Now compare with Goldstackers, for storage?
     
    GoldenEye, May 26, 2019
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  12. maverick

    maverick Well-Known Member Silver Stacker

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    Hi folks,

    Thanks a lot for the suggestions. This is quite helpful. I am still doing some research, out of 5 companies which were subject to comparison (ABC bullion, Goldstakers, Perth bullion, Bullion money & Perth mint), Goldstakers and Perth mint seems to better options based on the spread out plus the flexibility to buy/sell in grams instead of ounces only.

    Unallocated precious metal spread comparision.PNG


    So, the next question, given the current gold price hike and silver being steady, what is the suitable/profitable option to go for .. Silver or Gold?

    Cheers!
     
    maverick, Jun 6, 2019
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  13. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Now you've opened up a can of worms. We'll probably have Mr Irrelevant marching in with his oversized, multi-coloured font banging on about above ground supplies or manipulation or some other crazy rant.

    My advice is that if you don't already hold any PMs then you establish a position in gold firstly as it is more likely to protect your investment than silver. The younger you are, contrary to most investment advice, the more important it is I believe to protect the income you have earned. this means reducing risk in order to establish a war chest for your future.
     
    mmm....shiney!, Jun 6, 2019
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  14. ddevil

    ddevil Active Member Silver Stacker

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    Bullion Now have also just set up their Unallocated program, with very good rates
     
    ddevil, Jun 7, 2019
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  15. Ian Gillman

    Ian Gillman Active Member

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    How about 50/50 gold/silver based on cost?
     
    Ian Gillman, Jun 7, 2019
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  16. Ian Gillman

    Ian Gillman Active Member

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    Or maybe use the Gold to Silver ratio as a percentage? That has an advantage of getting you to buy more silver when silver is cheap compared to gold and buying more gold when it is the other way around. Currently the ratio (GSR) is about 89 so you would buy 89% silver and 11% gold right now.
     
    Ian Gillman, Jun 7, 2019
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  17. SilverDJ

    SilverDJ Well-Known Member

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    Not as safe as the Perth Mint which is government backed.
     
    SilverDJ, Jun 8, 2019
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  18. JOHNLGALT

    JOHNLGALT Well-Known Member

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    I believe that Perth mint is a private company, But who am I to know?
    Anybody wish to clarify my observation, - or NOT?
    @bron.suchecki @malachii , ?_JOHNLGALT. (not my real name).
     
    JOHNLGALT, Jun 8, 2019
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  19. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Perth Mint is owned and guaranteed by the WA Govt.
     
    Oddjob, Jun 8, 2019
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  20. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Thanks @Oddjob , I was being lazy there:
    OWNER OF THE PERTH MINT.JPG
     
    JOHNLGALT, Jun 8, 2019
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