To repatriate Gold overseas?

Discussion in 'Gold' started by anglox_b, Feb 2, 2020.

  1. anglox_b

    anglox_b Member

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    Hi all, hoping I can get some advice. I bought Gold about a decade ago before I left Oz, and basically have just let it sit for the last 10 years. I have been in europe all this time and am currently in the process of finishing a bolt hole in one of the med countries. I need to free up some cash to finish the project. My options as I see it are:
    1. leave Gold as is and take out a small loan
    2. Liquidate some Gold use the capital I need.
    3. Liquidate all Gold, use the capital I need but then rebuy more Gold over here ( in pound sterling) with what is left . I initially got in when gold was 900 dollars ( us) /ounce so don't really want to sell given what I think the situation will be a few years from now. But I also figure that the pog is still relatively low for the moment.

    My question is : what would you do?
     
  2. bron.suchecki

    bron.suchecki Well-Known Member

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    Just sell what you need. To sell more you just lose on the buy/sell spread. Arguably Australia is now your "offshore" storage location and safer than Europe so why hold gold there?
     
    66rounds likes this.
  3. dollars

    dollars Active Member Silver Stacker

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    Save the gold
    Interest rates are at very low levels borrow what you need if you can service the repayments
     
    STKR likes this.
  4. anglox_b

    anglox_b Member

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    Thanks guys!
     

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