Join our investing community

Gold

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

  1. dkmc

    dkmc Well-Known Member

    Joined:
    24th Aug, 2005
    Posts:
    165
    [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"
     
  2. dkmc

    dkmc Well-Known Member

    Joined:
    24th Aug, 2005
    Posts:
    165
    Great the charts work
    here's a 12mth one
    [chart=CC;XJO,XPJ,XGD;lasty;none;20080118]XJO,XPJ,XGD[/chart]
     
  3. dkmc

    dkmc Well-Known Member

    Joined:
    24th Aug, 2005
    Posts:
    165
    Is gold expensive?
     
  4. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,394
    Location:
    NSW
  5. voigtstr

    voigtstr Well-Known Member

    Joined:
    24th Jan, 2007
    Posts:
    679
    Location:
    Hobart
    looks at the graph..... it is now!
     
  6. smeggett

    smeggett Member

    Joined:
    20th Jun, 2007
    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]
     
  7. Temjin

    Temjin Active Member

    Joined:
    22nd Jan, 2008
    Posts:
    25
    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.
     
  8. Balboa

    Balboa Member

    Joined:
    8th Jun, 2006
    Posts:
    23
    Location:
    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!