Which bullion is better to invest ?

masmas

masmas

New Member
People,

I'm new to this Gold investing, so I wonder if anyone here can assist me with some comments of which Gold piece is better to buy and keep for 2-5 years ?

1 oz Perth Mint Gold Bar - AUD $1,796.25
1 oz PAMP Gold Bar - AUD $1,813.25
1oz ABC Bullion Pool Allocated Gold - AUD $1,778.40

Any suggestion and comments would be greatly appreciated.

Thanks.
 
masmas said:
People,

I'm new to this Gold investing, so I wonder if anyone here can assist me with some comments of which Gold piece is better to buy and keep for 2-5 years ?

1 oz Perth Mint Gold Bar - AUD $1,796.25
1 oz PAMP Gold Bar - AUD $1,813.25
1oz ABC Bullion Pool Allocated Gold - AUD $1,778.40

Any suggestion and comments would be greatly appreciated.

Thanks.
Click to expand...

The cheapsst one. An ounce is an ounce.
 
Ah I see,

I assume that as long as the bullion is still unsealed and got the barcode of the creator, it will still be valuable despite the price is higher during the recession.

So what does it means Pool Allocated Gold ?
 
masmas said:
So what does it means Pool Allocated Gold ?
Click to expand...

It means you own a part share in a bar (usually not a specific bar, just part of a bar on their books)
https://www.abcbullion.com.au/store/pool-allocated
https://www.perthmint.com/storage/help/faq-storage-options.html#what-is-pool-allocated-storage
If you plan to sell in 2-5 years then it's a good options because:
a) It's cheaper
b) No storage costs
c) Less losses when you sell
d) It's far easier than selling a physical bar you own and store yourself
 
Why are you buying? When do you expect to sell? These questions have a bearing on the best form to buy, in my opinion, because the type of buyer and timing of the sale are key issues. Selling gold to a reputable 'high street' dealer when the economy is ticking over OK versus finding a buyer in a hurry due to economic turmoil - two very different scenarios.
 
SilverDJ said:
masmas said:
So what does it means Pool Allocated Gold ?
Click to expand...

It means you own a part share in a bar (usually not a specific bar, just part of a bar on their books)
https://www.abcbullion.com.au/store/pool-allocated
https://www.perthmint.com/storage/help/faq-storage-options.html#what-is-pool-allocated-storage
If you plan to sell in 2-5 years then it's a good options because:
a) It's cheaper
b) No storage costs
c) Less losses when you sell
d) It's far easier than selling a physical bar you own and store yourself
Click to expand...

I've heard that ABC Bullion could be tied up to this fiasco back then in 2014: http://www.smh.com.au/national/rive...xpayers-an-estimated-200m-20140712-3btv8.html

is that correct or just a rumor ?
 
masmas said:
SilverDJ said:
masmas said:
So what does it means Pool Allocated Gold ?
Click to expand...

It means you own a part share in a bar (usually not a specific bar, just part of a bar on their books)
https://www.abcbullion.com.au/store/pool-allocated
https://www.perthmint.com/storage/help/faq-storage-options.html#what-is-pool-allocated-storage
If you plan to sell in 2-5 years then it's a good options because:
a) It's cheaper
b) No storage costs
c) Less losses when you sell
d) It's far easier than selling a physical bar you own and store yourself
Click to expand...

I've heard that ABC Bullion could be tied up to this fiasco back then in 2014: http://www.smh.com.au/national/rive...xpayers-an-estimated-200m-20140712-3btv8.html

is that correct or just a rumor ?
Click to expand...

Palloy the owners of EBS and ABC merged in December of 2014 pre dating the news article, but it doesn't imply EBS did anything wrong.
 
An ounce is an ounce. But if the price isn't that much of a difference, then I would go with the Perth. Easier to sell down the road, without anyone questioning its quality.
 
Roswell Crash Survivor said:
ABC 'Allocated Pool' doesn't charge for storage; call me paranoid if you want but thats setting off alarms in my over-sized head.
http://www.abcbullion.com.au/gold-saver/taking-possession
Click to expand...

ABC are a private company. Even owning allocated with them relies upon their honesty and the 3rd party auditing to make sure it stays legit.
If you are the least bit concerned then the Perth Mint depository is a better option which is government guaranteed. They don't charge storage on unallocated gold, but do on pool allocated silver.

https://www.perthmint.com/storage/help/faq-government-guarantee.html
 
I'd be pretty confident that I could access my stash in storage during a 'normal' recession, but how about a big, as in a Venezuelan-style melt-down? Do you trust the Gummint to leave those stores alone? They have the laws in place to confiscate PMs after all, if they need to. Then there is the risk that somebody will rob the vault, or that a staffer steals it, or that the company owners clear off to the Bahamas in a super yacht that rides suspiciously low in the water..........
 
SteveS said:
I'd be pretty confident that I could access my stash in storage during a 'normal' recession, but how about a big, as in a Venezuelan-style melt-down? Do you trust the Gummint to leave those stores alone? They have the laws in place to confiscate PMs after all, if they need to. Then there is the risk that somebody will rob the vault, or that a staffer steals it, or that the company owners clear off to the Bahamas in a super yacht that rides suspiciously low in the water..........
Click to expand...

SteveS,

Yes, I've seen that in a movies. But the chance of that happening is almost impossible.

Has anyone here ever heard about Gold vault being raided or robbed ?

If it is done by the Gummint , then we can't really do anything :-|
 
SilverDJ said:
Roswell Crash Survivor said:
ABC 'Allocated Pool' doesn't charge for storage; call me paranoid if you want but thats setting off alarms in my over-sized head.
http://www.abcbullion.com.au/gold-saver/taking-possession
Click to expand...

ABC are a private company. Even owning allocated with them relies upon their honesty and the 3rd party auditing to make sure it stays legit.
If you are the least bit concerned then the Perth Mint depository is a better option which is government guaranteed. They don't charge storage on unallocated gold, but do on pool allocated silver.

https://www.perthmint.com/storage/help/faq-government-guarantee.html
Click to expand...

SilverDJ,

Yes, that does make sense.
I'll go with the Perth Mint then as it is well known and it is Gov. backed.

But the problem is that when I buy smaller bullion, the delivery fee from Perth to Sydney is adding up to the gold I bought :-|

So far I bought ABC Bullion because it is easy to pickup in Sydney CBD during lunchtime.
 
masmas said:
Yes, that does make sense.
I'll go with the Perth Mint then as it is well known and it is Gov. backed.
But the problem is that when I buy smaller bullion, the delivery fee from Perth to Sydney is adding up to the gold I bought :-|
So far I bought ABC Bullion because it is easy to pickup in Sydney CBD during lunchtime.
Click to expand...

Sorry but I think you are confused over what's being discussed here. If you are buying physical bullion that you take position of yourself or have delivered to you, then it doesn't matter where you buy it.
My comments only relate to using buying the metal and storing the metal at the place you buy it from. These are called "allocated", "pool allocated" and "unallocated" storage programs.
Hope that is clearer.

I started talking about storage program because you said you wanted to keep the metal for 2-5 years and then sell it easily. Storage programs are by far the easiest and cheapest way to accomplish this.
Buy the metal and keeping it yourself means you have to go to the hassle of finding someone to sell it too, and arrange payment and either ship it to them or take it to them.
 
SilverDJ,

Yes, That does make sense after all.

I now fully understand for those options based on your explanations :D
 
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