I went to ABC bullion Pitt St. Sydney, after waiting 1hr to get in to their office/shop, then another 30 mins to talk to a rep they informed me they had run out of gold, apart from some overpriced 1/4 and 1/2 Oz coins.
So where's the best place to buy? ... Perth mint is overpriced and low on stock too.
I have an old engagement ring you can have.
You might need some dive gear to find it in the ocean, off the headland I threw it into.
Felt good pegging it out to sea, way better than taking it back to the jewlers for a refund.
A simple google search will answer your questions:
punch this into google "where to buy gold site:au"
The following result looked pretty good.
www.moneymorning.com.au/20111210/how-to-buy-gold-and-silver.html
Australian bullion dealers
Perth Mint => Perth
ABC Bullion => Sydney
Ainslie Bullion => Brisbane
Guardian Gold => Melbourne
Australian Bullion Company => Melbourne
Gold Bullion Australia => Melbourne, Sydney, Brisbane Gold Coast
Save yourself some$. Hire a metal detector an visit some well known fossicking areas.youll have an interesting holiday an might find some gold and sell it on fleabay
Sn > Au
And at USD 23.99 an Oz, it's come along way off it's heights of $50 from 2 years ago.
Look at starting out with getting 1966 50 cent coins, 3 coins contain 1oz Sn. Can pick them up for less that $10.
Try feebay or the kookaburra.
Did you want the actual gold or just want to have it as an investment?
There are funds that allow you to purchase physical gold and they hold it for you at a secure site. I think there is one in WA if I remember correctly. You can't actually go and see your bit as they buy bars and sell off parts of the bar, but is an effective and secure way to leverage the gold price.
If I wanted actual gold I would travel to PNG and find a local gold merchant there - they deal with the locals that pan for it around the mines....cheap, but yes, you need to know what you are doing, both with gold and dealing in PNG.
ASX stock code: GOLD. Trades just like a regular stock and is shares in physical gold (stored in UK from memory). Pretty much follows the gold price.
But I guess if you're getting into gold because you think worldwide turmoil is about to kickoff in a big way, you're probably looking for stuff you can actually hold...
I've got plenty of paper gold, platinum, silver, oil, etc... I want physical gold PAMP bars or any known coins.
Inflation hedge, no end of world concerns... I'd be buying guns otherwise.
I tried to by gold last week; at ABC bullion there were queues into the street... so I went home called around... everywhere had run out... went back to ABC on Wednesday but they were still out, so I got a couple silver paperweight bars.
I'm always amused to hear why people believe gold is the "gold standard" of wealth protection in troubled times.
You know you can't eat gold right?
^^^ You can't eat coins or plastic money either
But that's my point, if all the cards are going to be thrown in the air who's to say what the new "gold standard" will be?
Maybe carbon?!?!?!
Yeah assumptions on my behalf...
I checked out buying gold on eBay. It's a bit over $100 for a one gram piece. I would not mind buying some physical gold though I'm not sure if that is a decent price. There is a one kilogram bar for about $50k.
Visit silver stackers on the web and you will find plenty of things for sale and generally helpful advice on precious metals in Australia et al...
See bullion bourse in Perth for good online bargains.