Yeah I think Jikx might be talking about getting a big bar like the ones you see in the movies, they are mega dollars.wayneL said:You can get 1oz ingots....~$600 AUD
On the other hand you can get a 1 kilo coin also...$19k or something. Wouldn't that look cool in your coin purse
Rafa said:thanks Rockon...
I have a couple of gold stocks already...and your right, that they do move with the price of gold.... but they also move with other factors such as problems at the mine, etc, etc...
probably NCM is the best one, but even that has mine issues.
How do you go about getting Gold Futures Contracts... do they have time limits and expiry dates... or are they like installment warrants...
Yeah the commission is a major bummer.Rockon2 said:IMO , pointless buying the Physical stuff as in Bars of gold, ( I have done this years ago via Perth Mint ), as the commisson to buy/sell is high, they will store for you but at a price, and finally you would need an a lot of gold bar's (ounces ) large capital outlay, to make the exercise worthwhile..
wayneL said:Yeah the commission is a major bummer.
Futures or an ETF is the way to go.
With an ETF you don't have to worry about expiry dates etc. but will require more margin.