Iíve been a gold buff since 2002, but have never had any money to invest. Now some cash has come my way, & I'm faced with an unexpected opportunity. But I realise I have little knowledge of the 'mechanics' of investing in gold or gold stocks.
So I have some questions re (i) bullion and (ii) Australian gold stocks - if anyone would be so kind as to help me:
I could buy bullion from the Perth Mint & put it in a bank safe. But are the Mint's margins going to take a fair slice of my profit? And is there a better way - something that pays me interest or dividends along the way?
I could buy shares in Aussie gold miners. But how would I ensure my title to them was made sound? (Gold guru Jim Sinclair's recent warnings re stock certificates are ringing in my ears.) Also, whilst I have complete confidence that gold stocks will rise, I note that they have not yet done so in tandem with the metal, & as early as they did in the Great Depression.
(Needless to say, when I pose these questions to the family's financial advisors, they look at me as if Iím speaking Swahili.)