Australian Super - Investing in Gold ETFs

Discussion in 'Superannuation' started by Krakked789, Sep 5, 2019.

  1. Krakked789

    Krakked789 Active Member

    Joined:
    Apr 12, 2016
    Messages:
    111
    Likes Received:
    32
    Trophy Points:
    28
    Location:
    Melbourne
    Hi everyone,

    I'm with Australian Super and I'm thinking about moving my balance into the gold ETF option. I mustn't have done my research properly at the start of 2016, otherwise I probably would have done this back then.

    Does anyone have any experience of this? The issue for me is that I'd like to have my balance in PHYSICAL GOLD (or even better, SILVER), but there simply isn't that option.

    Damn super, I hate that they decide what to do with my money.
     
  2. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    1,143
    Likes Received:
    1,054
    Trophy Points:
    113
    Location:
    Melbourne

    SMSF for physical gold is the better option.
     
  3. Krakked789

    Krakked789 Active Member

    Joined:
    Apr 12, 2016
    Messages:
    111
    Likes Received:
    32
    Trophy Points:
    28
    Location:
    Melbourne
    Do you mean setting up your own SMSF? I looked into that and it would drive me nuts.
     
  4. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    1,143
    Likes Received:
    1,054
    Trophy Points:
    113
    Location:
    Melbourne
    Others on this forum have recommended esuper. I haven't used it as I have little to no super myself. It's a semi automated auditing for SMSF at 1k cost per year. Great if you have above 100k super, can get yourself a kilo and a half of gold or so for physical ownership.

    Beats any paper gold hands down
     
  5. Krakked789

    Krakked789 Active Member

    Joined:
    Apr 12, 2016
    Messages:
    111
    Likes Received:
    32
    Trophy Points:
    28
    Location:
    Melbourne
    Thanks for the heads up. I may look into it.
     
    66rounds likes this.

Share This Page