Aussie bullion dealers that accept USD?

Discussion in 'General Precious Metals Discussion' started by aelmsu, Mar 18, 2020.

  1. aelmsu

    aelmsu Member

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    Hi all,

    Are there any bullion dealers in Aus that accept USD as payment?

    Cheers.
     
  2. silverhair

    silverhair Active Member

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    I assume most would . Abc does and so dors Perth mint
     
  3. aelmsu

    aelmsu Member

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    Interesting, I did not know that...
     
  4. SilverDJ

    SilverDJ Well-Known Member

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    Me neither, wow, I'm surprised. I assumed it would be too much hassle.

    EDIT: Seems not:
    https://www.abcbullion.com.au/faqs

    upload_2020-3-18_18-32-31.png
     
  5. silverhair

    silverhair Active Member

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    It says in store....best call them tomorrow and ask if they will accept a USD FX transfer as payment and i bet they say yes.

    Perth Mint Goldpass asks when you setup your account if you want AUD or USD , which cannot be changed after setup. So they obviously allow it.

    I do not handle much cash, its not a big deal to me but do a lot of FX because of my work so am used to handling it and its what my reply was based on.
     
  6. aelmsu

    aelmsu Member

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    I'm looking at their 'Depository Online' option right now which asks the same question about currency... I think it could be a good alternative to buying physical with USD. It allows 24 hour buying which would have also let me take advantage of the dip the other night...

    The PM website FAQ says: "Unallocated metal does not attract a fabrication fee."
    I don't know if I'm understanding that correctly -- Can I switch to physical at any time with no fab fee and just pay the delivery charges?
     
  7. 66rounds

    66rounds Well-Known Member Silver Stacker

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    No physical implies you pay the fab fee
     
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  8. SilverDJ

    SilverDJ Well-Known Member

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    No, you pay the fab fee when you "convert" from un-allocated to allocated. Perth Mint delivery charges are very high, beware. Delivery should be a last resort.
    BTW, I just checked, and now it's only 1000oz bars available for physical allocated conversion. Wasn't like that yesterday.
     
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  9. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Nice, just get one of those plus the 2 100g gold bars listed on the forum and your stack is complete
     
  10. aelmsu

    aelmsu Member

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    Yeah, I thought that must be the case. So the conversion to physical is basically unallocated->allocated... which makes sense. Thanks for the
    clarifications.
     
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