WTB 1 ounce cast good bar/coin Close to spot

Hey guys so I’m living a nightmare,

I was deep in gold and silver in 2015 when gold was $1500 and silver was $16 an ounce, got married and had to sell all my bullion to buy an engagement ring and a house and now gold is around $2650 an ounce. Kill me now.

it is what it is so I’ve decided to start stacking again so I’m looking for a one ounce cast bar or one ounce Perth Mint gold coin to begin my stack again.

F2F in Sydney is preferred.

Thanks

 

Where's the nightmare? That's exactly what bullion is for! Buy it when you can afford and sell it when you need it. You can't live in a stack of metal (unless you're JP Morgan and you build a solid silver 2 bedder to live in)

 

I guess the nightmare is if I waited a little longer I could have made much more. But you can never predict these things.

you’re right tho.

 

well if you look at silver being $35 an ounce now when I was paying $15 for it 5 years ago that’s more than doubles. My house hasn’t doubled in value in 5 years. You can say well at least I didn’t have to pay rent but before that I was a 23 year old living with my parents not paying for rent or billls so I didn’t have need for a house hahaha

 

So your house didn't double in 5 years, but you still make use of it daily. It may double in thirty years. Many people bought silver ten years ago and have just broken even on it. It hasn't even doubled for them.

You will always "go broke" chasing metals for a fiat profit. Buying precious metals is for a specific financial goal (i.e wealth protection) or fun (collecting).

 

Presuming you sold the silver for a deposit for the house. One would also presume that the equity on your house is probably much more than double your silver deposit (hence you have maid far more of a gain than if you had of kept the silver)
Even more so if you had bought in Tasmania

 

I guess back then when I owned gold and silver I never thought of it as profit making, saw it at a fun way to save money.

now that i have a house and I’ve settled down any bullion I buy will be a long term investment.

now on the topic of buying bullion do you guys live in Sydney any that you’d like to sell to me?

 

Welcome back. If no offers come your way then if I were you I would just buy direct from the mint.

The Perth Mint blob is only $30 above spot + post + insurance. Check it out here: http://www.perthmintbullion.com/au/Buy-Gold-Bars/1oz-Cast.aspx?productId=594

Good luck!

 

For $55 above spot, you can just walk into Bullionlist in Ultimo and pick up the bar. Its much quicker, safer and more convenient.
You are not going to save anything getting it shipped from the Perth Mint

 

Thanks for the tip, I didn't know they had them. Cheers!