Gold

Discussion in 'Shares & Funds' started by dkmc, 18th Jan, 2008.

Join Australia's most dynamic and respected property investment community
  1. dkmc

    dkmc Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    162
    [chart=CC;XJO,XPJ,XGD;last3;none;20080118]XJO, XPJ, XGD[/chart]


    Looking at the gold chart - its gone against the trend of property and aus shares

    Whats the best way to invest in gold

    There is an LIC - listed as GOLD on the ASX

    http://www.asx.com.au/investor/pdf/asx_aegis_lmi_quarterly_review_sept_2007.pdf

    Gold bullion securities
    Im not sure how closely this tracks the gold price

    Other safe options to invest in gold
    perthmint.com.au
    physical gold
    or other "paper gold"
     
    dkmc, 18th Jan, 2008
    #1
  2. dkmc

    dkmc Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    162
    Great the charts work
    here's a 12mth one
    [chart=CC;XJO,XPJ,XGD;lasty;none;20080118]XJO,XPJ,XGD[/chart]
     
    dkmc, 18th Jan, 2008
    #2
  3. dkmc

    dkmc Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    162
    Is gold expensive?
     
    dkmc, 18th Jan, 2008
    #3
  4. Tropo

    Tropo Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    2,303
    Location:
    NSW
    Tropo, 18th Jan, 2008
    #4
  5. voigtstr

    voigtstr Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    601
    Location:
    Hobart
    looks at the graph..... it is now!
     
    voigtstr, 18th Jan, 2008
    #5
  6. smeggett

    smeggett Member

    Joined:
    1st Jul, 2015
    Posts:
    12
    Location:
    SA
    how about a bet that in 2 years you'll think that gold was cheap today?

    [disclaimer] I got into gold many years back (at US$310 per ounce or so) so you might call me a gold bug! [/disclaimer]
     
    smeggett, 18th Jan, 2008
    #6
  7. Temjin

    Temjin Member

    Joined:
    1st Jul, 2015
    Posts:
    5
    Location:
    Brisbane
    It perfectly tracks the gold bullion price in AUD only, so it is naturally UNHEDGED against the US dollars.

    So if gold rises 10% but the US dollars drop against the Aussie by 10%, the real return would essentially be 0 for the Gold Bullion Securities.

    Other options are obviously pure gold miners, physical golds or other paper golds such as ETFs from the US stock exchange such as GLD.

    hehe I will admit it, I'm a gold bug myself. Gold is still a long way from its last peak with inflation adjusted. For CPI, you talking about USD $2500-$2700 depending on the values they use. For REAL inflation accounted for food and oil, you are talking about over $5000-$6000.

    So no, gold is cheap right now. At least to me. :) Silver is even cheaper.
     
    Temjin, 23rd Jan, 2008
    #7
  8. MIZBUF

    MIZBUF Active Member

    Joined:
    4th Jul, 2015
    Posts:
    34
    Location:
    North Sydney
    Best way I have done to invest in Gold-- Give birth to a smart baby-(stubborn too)- grows up to be a both clever and intuitive geologist , back him through thick and thin times. He goes to a far country cos Oz co's did not reward him for outstanding finds he made for them;he quietly buys up many prospective tenements(tho he knows the gold is there); Gets further backing from some big money- not just his dear old Mum & Dad now-- Lists on Toronto SX- Rewards said Mum & Dad - Simple!
     
    MIZBUF, 24th Jan, 2008
    #8
Build Passive Income WITHOUT Buyers Agents!

Build Passive Income WITHOUT Dropping $15K On Buyers Agents Each Time! Helping People Achieve PASSIVE INCOME Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, Anywhere In Australia