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?
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?
Save the gold Interest rates are at very low levels borrow what you need if you can service the repayments