Going to Sydney next week, gold or silver?

A

Austro

Member
I am going to Sydney next weekend and I've saved up about $500 to buy some bullion (a trip I don't often make). I only have a small stack of bullion as I started with numismatics. Currently I have about 20 ounces of silver and about 10g of gold in bullion form, plenty more in numismatics. Both Silver and Gold have fallen over the past month or so, thus I am having a hard time trying to work out what I should buy. As these are long term investments for me I'm thinking 20oz or so of silver might be the best option but I am really not too sure, I could always spit and do say 10oz of silver and 5g of gold. So any suggestions would be much appreciated.

Also any recommended dealers around the Sydney CBD? At the moment I'm planning ABC bullion but any better ideas would also be appreciated.
 
Whatever you choose just make sure the dealer is open over the weekend as they tend to be closed if you are indeed buying from a dealer.
 
Dont go to a dealer, typically Sydney members can do better pricing and can meet up during weekend.
 
sorry I should have said, I'm going on friday and will be purchasing the bullion that day. I'm busy on the weekend actually.
 
and I can't do sunday :( have to come back for work and will be leaving very early. Also not that I don't trust silver stackers, while I'm a newbie I'd prefer to start from dealers.
 
Austro said:
As these are long term investments for me I'm thinking 20oz or so of silver might be the best option but I am really not too sure, I could always spit and do say 10oz of silver and 5g of gold. So any suggestions would be much appreciated.
Click to expand...

PM's are a pretty poor investment.
Why not stick the money into a speculative metals company shares instead? Potential upside is a much much greater.
 
Austro said:
and I can't do sunday :( have to come back for work and will be leaving very early. Also not that I don't trust silver stackers, while I'm a newbie I'd prefer to start from dealers.
Click to expand...
Bigs is a dealer!
 
Aurora et luna said:
Austro said:
and I can't do sunday :( have to come back for work and will be leaving very early. Also not that I don't trust silver stackers, while I'm a newbie I'd prefer to start from dealers.
Click to expand...
Bigs is a dealer!
Click to expand...
Whoops sorry I didn't realise, I might call in to him as I will actually be right around that area.


and @SilverDJ thanks for the advice, I actually have a decent share portfolio already but I'm keen on growing my PM stack at the moment, I find it far more rewarding being able to actually hold the wealth as such rather than see it on paper. However I agree, shares can probably give much greater rewards (though as ever, carry more risk).
 
Austro said:
I am going to Sydney next weekend and I've saved up about $500 to buy some bullion (a trip I don't often make). I only have a small stack of bullion as I started with numismatics. Currently I have about 20 ounces of silver and about 10g of gold in bullion form, plenty more in numismatics. Both Silver and Gold have fallen over the past month or so, thus I am having a hard time trying to work out what I should buy. As these are long term investments for me I'm thinking 20oz or so of silver might be the best option but I am really not too sure, I could always spit and do say 10oz of silver and 5g of gold. So any suggestions would be much appreciated.

Also any recommended dealers around the Sydney CBD? At the moment I'm planning ABC bullion but any better ideas would also be appreciated.
Click to expand...

going to Sydney, Gold
leaving ........ silver !
 
I would split, as per your opening post......10oz silver and 5gram gold

Based on pm movements over the past week.....who knows you may even be able to buy a 20oz silver and 10grams of gold by Friday
 
AeL is right, I also highly recommend BiGs!!!

But it depends on if he has metal in stock.

I also recommend 100% silver for your purchase. It's the best value at the moment.
 
Miloman said:
I also recommend 100% silver for your purchase. It's the best value at the moment.
Click to expand...
How do you define "value"?
Because you get more oz for your money?
Because you think the GSR is "high" and must correct, therefore silver has more "upside"?
Something else?
 
You must log in or register to reply here.
Back
Top