Retail super fund offering PM

Discussion in 'Superannuation' started by Forge, Apr 17, 2011.

  1. Forge

    Forge Member

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    If a commercial (or industry) superfund was to offer physical metals as an asset class, that they stored in their own vaults, would:

    A) you be interested?
    B) you be more able to interest others?

    I'd certainly have preferred not to have to go through the hassle of setting up an SMSF just to be able to hold my super as gold. My wife has no interest in joining me on the SMSF side, but would consider gold if it was offered through her own fund.
     
  2. zurnaik

    zurnaik Member

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    Depends on the fees they would charge, buy/sell spreads etc. I reckon holding gold in vaults is going to end up costing more than the 'normal' ~1% fee. Also they would need to have some good investment options/funds to put the non-gold investment into. I am looking at various super options now and it is doing my head in.
     
  3. Guest

    Guest Guest

    Wouldn't trust them..period
    Safety deposit box much better!
     
  4. hiho

    hiho Active Member Silver Stacker

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    +1
     
  5. Forge

    Forge Member

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    So a small vault is better than a big one ?

    Either way you are trusting someone.
     
  6. Guest

    Guest Guest

    Forge- Good point if there's a bank run fallout and history has shown its possible.
    Alternatives ?
     

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