I'm helping a mate get into metals, having set the don't blame me rules. Total investment $75000 into gold, silver, platinum What type of bullion ie bars or coin Ratios Physical or allocated And any other things you can think of I think Box of 25 1 oz certicards pm gold $44200 10 x 10g gold certicards. $5700 15 x 5 g gold certicards. $4425 Gold total. $54325 Platinum 2 x 1 oz platypus coins. $3240 Platnium total. $3240 Silver 5 x 1 kg bars. $5455 33 x 10oz bars. $11750 Total silver. $17205 Metals total. $74770 Reasons for this choice 1. Low premimum gold/silver 2. Buy at one dealer 3. Variation in sizes makes selling small bits easy 4. Smallish storage size and shape 5. Spread of metal types Got any better/other ideas?
That looks like a pretty good list/spread amongst PM types. Some here might suggest theres not enough silver in there, but it looks pretty well thought out to me.
Diversify on the certicards,mix them up with others Try one oz blobs from PM or others 50 gram blocks of valcombi One oz .999 gold coins if can be had(Can be occasionally) at lower premium Ditch the platinum and substitute with Gold or silver Love the silver spread that smacks of low buy price and high liquidity Your friend is lucky to have someone such as yourself to advise him Cheers REDBACK
my personal opinion avoid the 5g, 10g stuff for an investment that size. expensive Nothing less than 1oz bar sizes if you are buying 50K+ in gold. At least that's what i would be doing
I'm with ossie on this one - 1oz and up - maybe 1/2 ozers if you need/want small release as an option. Like the gold heavy setup of that spread... Good call!
I'd just chuck it into unallocated silver, either BB or GS. GoldStackers does Pt unallocated at a good price too. Saves handling/storage & postage. Sell back by the gram if you want or GSR swaps. Trust the Pelican.
I think a 50g or 100g gold bar would be nice to throw in there give him a good chunk to fondle while remaining liquid same goes for silver maybe grab a 100 oz bar as he premiums are low and they bring satisfaction. Id be in at maybe 3 oz platinum with the intention of trading one of those to gold or silver when the ratio is right and then maybe a little more silver like maybe 20000 silver 5000 platinum 50000 gold. still gold heavy but also large potential to make gains on platinum and silvers low price. ps with a purchase that size Id probably go 10g gold minimum to keep premiums down.
I'll preface this by saying I'm only speaking for myself here and no offence intended to Chillidog. But does anyone else find it a little disturbing that anybody would be seeking advice on a public forum for how to invest $75,000? Your responses are going to be as individual as the people who give them and even if there's a consensus, it doesn't necessarily mean it's the best call at all. Half the people that are on this forum I wouldn't even trust to give me good enough advice on how to look after a pet fish, yet alone how to invest wisely 75k of my hard earned. Not to put too fine a point on it, but there's a hell of a lot of very stupid money on this forum in as much as there is out there in the wider community. The only reasonable advice you can give is do your own due dilligence and invest on your own conclusions. ie THINK FOR YOURSELF! Investment decisions derived by consensus is lunacy IMHO, in as much as assuming someone's 'promise' they won't come after you if you make a bad call on a 75k bet is iron clad either. I wouldn't touch this with a 10 foot barge pole.
Advice asked for Auspm was purely on spread of metals,he's not selling his children mate.Advice costs nothing Good God man you are negative! REDBACK
Your allocation is well done between the metals. Gold for a core position and silver for play stuff (even though, I am mostly into silver, little in gold). Get rid of the PM gold, and get PAMPs And dont bother with the smaller sizes - get a 5oz cast bar so your friend can just hold it - makes the investment more real
I have known this guy most of our lives. He thinks a 6 lt V8 Calais is an investment, The reasoning behind the small bits of gold an the 1 oz size limit. When he buys say 25 at $1712 ea oz we know that reporting to the govt will be required. If spot doubles he can still sell each unit under the 5000k threshold. If push comes to shove what metal I sold it f2f no trail of paper. This goes for all the sizes. Room for spot to rise 100% if he needs to liquidate say $2500 he can sell this amount rather than say 100g bar $5480 cop the report and blow the remainder on take away and Chinese crap. As for asking the public forum, some of you guys think well outside the square. Variation is the spice of life. Just because it's posted here does not mean that's going to be the straergy, think twice act once type thing. No offense taken be me to your posted opinions or otherwise. Opinions are like assholes everybody has one. Edit for spelling. Man it's no wonder yanks can't spell look at what an iPhone corrects too.
Many people would sell their children for 75k, or put a bullet in your head for the same price. Advice costs nothing sure, but bad advice can cost you plenty when 75k is at stake. People can and do funny things for that sum of money. Now without letting this get too far out of hand, I'm going to state that I'm not the guy that's so 'negative' I'm the guy that steps back and says 'hang on a moment... let's think this through properly before committing to action.' Nothing wrong with that and if more people did it, perhaps we'd live in a world with people in a lot less trouble than they otherwise would be. To you guys this is just fun and games. But somewhere, someone without a clue on the precious metals market is about to drop $75,000 on investment advice given by a mate. Think about it. Fair call. He must have a hell of a lot of faith in you to be willing to pony up 75k on your advice for investment is all I can say. I really hope for your sake (and his) that it all goes swell. Good friendships have broken up over a lot less and when money is on the line, people can act in ways you wouldn't otherwise assume. Look at how badly 'well intentioned' people reacted here after buying up big at $40+ Ag and it went back down to sub 30. 25%+ drop and people were mighty pissed when it happened. I wonder if your mate is still going to be smiling if he drops 75k on metals today and loses 25% of it in 3 months time? I've seen friendships split up over a lot less and unless this guy is really on the same page concerning the risks, there's a lot that can go wrong for you too.
I never thought sbout tax implications youre probably right at limiting the gold bar size to 1 oz. Auspm makes some good points. Thats a fair chunk or scrilla. Might be a good idea to bu in smaller chunks over a few months and try to catch some dips.
I would get a higher %age in silver.. Apart from that, ditch the hefty 1kg bars and get something easily tradable, ie. 400x 1966 rounds.
Do the exact opposite of Napthalene Here is some advice from a solicitor (but keep in mind everyone's financial situation is different); "When silver coins are purchased for less than $500 each (or a specific set is purchased for less that $500), even if they were a collectable they would be CGT exempt." 1kg bars will most definitely attract CGT if sold for a profit. Check with ATO if unsure about anything/confirmation.
