hi there everyone. I'm fairly new to stacking and don't stack large amounts. is there a better way or place to do this I'm putting $50 away into Australian bullion company in gold each week They were the first place I found that I could put small amounts away regularly I'm now also putting $50 gold and $50 silver away a month with Pert Mint, PM only do monthly buy or I might change it all there. anyone with more knowledge than me got a better Idea Thanks Chris
The only draw back with the allocated silver is the cost of storage. Plus point is you can arrange collection and you know they have it. Currently you can't get allocated anything so I have went with pooled or unallocated. It can always be converted at a later stage if I want to collect. James.
Yeah, there is fabrication charges with allocated around $34 a kilo, and if one isnt in Perth, shipping and insurance (around 2.5%) also kills it.
I would bother with allocated at these sorts of prices, especially at the Perth Mint which is government guaranteed unlike ABC. And especially if you are just using them effectively as a saving account tied to the price of metal, and you plan to withdraw the cash at a later point. Unallocated is best as there are no storage or fabrication fees. And if you sell allocated you don't get anything extra back, it's the same price as selling unallocated.
