Gold/Silver Bullion Investment

[Bron Suchecki]

The transaction you are talking about is Allocated, which has ongoing storage fees so yes there is a cost that has to be paid for by increase in gold price. Alternatively suggest you look at unallocated gold which has no ongoing fee or just buy some physical from your local coin dealer and store it at home or in a private vaulting facility (not bank, you won't be able to get to your gold if there is a bank holiday).

[Ageo]

Quote: Originally Posted by Bron Suchecki The transaction you are talking about is Allocated, which has ongoing storage fees so yes there is a cost that has to be paid for by increase in gold price. Alternatively suggest you look at unallocated gold which has no ongoing fee or just buy some physical from your local coin dealer and store it at home or in a private vaulting facility (not bank, you won't be able to get to your gold if there is a bank holiday).

[Bron Suchecki]

Size wise gold valued at less than $50k is so small it can be easily hidden. This does not suit everyone of course. FYI about 85% of the Perth Mint's Depository clients go with unallocated, the rest allocated, but given how much physical metal we sell, there would also have to be a fair number of people storing it themselves.