Hi Guys, A couple of days back I ran across a site that mentioned a program in Europe; whereby you assign/commit a set amount per month or week to buying bullion from a retailer. This amount would be matched against a spot rate (plus margin) applicable for the day/month/whatever; and I think ownership was conferred at set weight benchmarks, i.e. when you've got a couple of Ounces they mail it to you (or offer to hold). Guys does this sound like something worthwhile? Thoughts?
Got a link to the site? Would rather deal with sellers in Australia. Postage problems from half a world away are not my cup of tea.
I don't know where it's done in Europe. But here's something similar from the Industrial & Commercial Bank of China (ICBC) in China: http://www.gold.org/media/press_rel...launch_first_gold_accumulation_plan_in_china/ I wonder what the tax structure is like for capital gains on trading bullion over there.
