Comments on: Investing in gold: a basic guide for investors. http://www.shareswatch.com.au/blog/commodities/investing-in-gold-a-basic-guide-for-investors/?utm_source=rss&utm_medium=rss&utm_campaign=investing-in-gold-a-basic-guide-for-investors Views about the Australian stock market, shares, the economy, investing, politics and world events. Fri, 10 Feb 2012 09:23:14 +0000 hourly 1 http://wordpress.org/?v= By: Ned S http://www.shareswatch.com.au/blog/commodities/investing-in-gold-a-basic-guide-for-investors/#comment-9374 Ned S Mon, 22 Aug 2011 15:04:33 +0000 http://www.shareswatch.com.au/blog/?p=93#comment-9374 "it’s all just valued on it’s bullion content at the time" ... Oh, minus the costs of handling, melting down and re-purifying. “it’s all just valued on it’s bullion content at the time” … Oh, minus the costs of handling, melting down and re-purifying.

]]> By: Ned S http://www.shareswatch.com.au/blog/commodities/investing-in-gold-a-basic-guide-for-investors/#comment-9373 Ned S Mon, 22 Aug 2011 14:46:01 +0000 http://www.shareswatch.com.au/blog/?p=93#comment-9373 I'm no expert - But the short answer is yes. Jewelry is typically 9ct, 14ct, 18ct, 22 ct or 24 ct (depending what country one is in and what carats their jewelry mfgs typically make jewelry in) - You'll see 9 ct and 18 ct in Oz; 14 ct is a US thing; Indians/Asians run more towards the 22ct/24ct standards is my impression - With 24 ct being the equivalent of bullion (ie "pure" as in 99.99% gold or whatever it is?) grade - Other thing to possibly consider if you are an Aussie is that jewelry sales don't typically attract CGT though bullion sales do - Leastways that's my understanding? 'Course to the extent it's nice jewelry someone likes, it can attract a manufacturing premium - And all new jewlry has that mjg premium built-in. Though at the end of the day when it's melted down as scrap (except the most special pieces one simply wouldn't melt down), it's all just valued on it's bullion content at the time. I’m no expert -- But the short answer is yes. Jewelry is typically 9ct, 14ct, 18ct, 22 ct or 24 ct (depending what country one is in and what carats their jewelry mfgs typically make jewelry in) -- You’ll see 9 ct and 18 ct in Oz; 14 ct is a US thing; Indians/Asians run more towards the 22ct/24ct standards is my impression -- With 24 ct being the equivalent of bullion (ie “pure” as in 99.99% gold or whatever it is?) grade -- Other thing to possibly consider if you are an Aussie is that jewelry sales don’t typically attract CGT though bullion sales do -- Leastways that’s my understanding?

‘Course to the extent it’s nice jewelry someone likes, it can attract a manufacturing premium -- And all new jewlry has that mjg premium built-in. Though at the end of the day when it’s melted down as scrap (except the most special pieces one simply wouldn’t melt down), it’s all just valued on it’s bullion content at the time.

]]> By: Goldpricetoday http://www.shareswatch.com.au/blog/commodities/investing-in-gold-a-basic-guide-for-investors/#comment-9371 Goldpricetoday Mon, 22 Aug 2011 13:23:09 +0000 http://www.shareswatch.com.au/blog/?p=93#comment-9371 Is the price of gold jewelry different than the price of gold bars? Is the price of gold jewelry different than the price of gold bars?

]]> By: Biker http://www.shareswatch.com.au/blog/commodities/investing-in-gold-a-basic-guide-for-investors/#comment-5073 Biker Wed, 21 Jul 2010 02:13:03 +0000 http://www.shareswatch.com.au/blog/?p=93#comment-5073 "I am not sure why many investors seem to think gold is a great place to store wealth." Fear. Fear is DR's _real_ currency. :) “I am not sure why many investors seem to think gold is a great place to store wealth.”

Fear.

Fear is DR’s _real_ currency. :)

]]> By: Greg Atkinson http://www.shareswatch.com.au/blog/commodities/investing-in-gold-a-basic-guide-for-investors/#comment-5072 Greg Atkinson Wed, 21 Jul 2010 00:05:40 +0000 http://www.shareswatch.com.au/blog/?p=93#comment-5072 To me gold is just a shiny metal that is trading way over it's intrinsic value because people are fearful of losing everything. There is plenty of gold around and we will run out of oil before we run out of gold, but people still buy gold, park it in a vault and seem happy to know they own some of the stuff. Of course gold could still be a good investment if you know when to buy and sell, but at current prices it just isn't worth the risk. Oh by the way, there is no guarantee gold will hold it's value at current prices so I am not sure why many investors seem to think gold is a great place to store wealth. To me gold is just a shiny metal that is trading way over it’s intrinsic value because people are fearful of losing everything. There is plenty of gold around and we will run out of oil before we run out of gold, but people still buy gold, park it in a vault and seem happy to know they own some of the stuff.

Of course gold could still be a good investment if you know when to buy and sell, but at current prices it just isn’t worth the risk.

Oh by the way, there is no guarantee gold will hold it’s value at current prices so I am not sure why many investors seem to think gold is a great place to store wealth.

]]> By: Biker http://www.shareswatch.com.au/blog/commodities/investing-in-gold-a-basic-guide-for-investors/#comment-5040 Biker Sun, 18 Jul 2010 08:22:36 +0000 http://www.shareswatch.com.au/blog/?p=93#comment-5040 We both preferred Port Douglas, Ned. Cairns is an interesting city... and it's not hard to see why it's growing so rapidly... but we weren't really tempted to buy in either location. One could argue that Cairns is too cheap... and Port Douglas too expensive; but we don't know enough to make either claim. Both could suffer immensely if tourism declined. Rising fuel costs might bring that about, but I couldn't guess any timeline. It's far more likely that the rising Asian middle class will fuel tourism in FNQ. It's really a very affordable holiday... and an outstanding family adventure. We both preferred Port Douglas, Ned. Cairns is an interesting city… and it’s not hard to see why it’s growing so rapidly… but we weren’t really tempted to buy in either location. One could argue that Cairns is too cheap… and Port Douglas too expensive; but we don’t know enough to make either claim.

Both could suffer immensely if tourism declined. Rising fuel costs might bring that about, but I couldn’t guess any timeline.
It’s far more likely that the rising Asian middle class will fuel tourism in FNQ. It’s really a very affordable holiday… and an outstanding family adventure.

]]> By: Ned S http://www.shareswatch.com.au/blog/commodities/investing-in-gold-a-basic-guide-for-investors/#comment-5035 Ned S Sun, 18 Jul 2010 05:20:08 +0000 http://www.shareswatch.com.au/blog/?p=93#comment-5035 I guess the point for someone like me who just really doesn't seem to place as much value on gold as a lot, is to simply realise that people DO like it I guess Biker. Glad you enjoyed Cairns. One certainly can get a good feed of seafood there. At the risk of mortally offending the locals, I put it in the "Nice place to visit, but I wouldn't choose to live there" category - Though given my attitude to gold, that could be an opinion being expressed by a bloke whose taste is in his posterior! :) I guess the point for someone like me who just really doesn’t seem to place as much value on gold as a lot, is to simply realise that people DO like it I guess Biker.

Glad you enjoyed Cairns. One certainly can get a good feed of seafood there. At the risk of mortally offending the locals, I put it in the “Nice place to visit, but I wouldn’t choose to live there” category -- Though given my attitude to gold, that could be an opinion being expressed by a bloke whose taste is in his posterior! :)

]]> By: Biker http://www.shareswatch.com.au/blog/commodities/investing-in-gold-a-basic-guide-for-investors/#comment-5033 Biker Sat, 17 Jul 2010 23:36:11 +0000 http://www.shareswatch.com.au/blog/?p=93#comment-5033 Yes, well worth a read, Ned. Thanks. Gold as insurance... it gives one peace-of-mind? I guess that depends where-and-how it's stored... and at what cost. As a tangible, it is at least 'solid' but hardly more so than a rental home producing regular income. And talking of home, we're back in WA... minus the laptop... which is being repaired under warranty. Found your comments on DRA re WW3 highly appropriate, BTW!~ :) Yes, well worth a read, Ned. Thanks. Gold as insurance… it gives one peace-of-mind? I guess that depends where-and-how it’s stored… and at what cost. As a tangible, it is at least ‘solid’ but hardly more so than a rental home producing regular income.

And talking of home, we’re back in WA… minus the laptop… which is being repaired under warranty.

Found your comments on DRA re WW3 highly appropriate, BTW!~ :)

]]> By: Ned S http://www.shareswatch.com.au/blog/commodities/investing-in-gold-a-basic-guide-for-investors/#comment-5032 Ned S Sat, 17 Jul 2010 16:18:15 +0000 http://www.shareswatch.com.au/blog/?p=93#comment-5032 I don't have a huge personal hankering after gold. But felt that this article was worth a read regardless perhaps? : http://runningofthebulls.typepad.com/toros_running_of_the_bull/2010/05/gold-a-bubble-but-not-yet-why-warren-buffett-is-wrong.html I don’t have a huge personal hankering after gold. But felt that this article was worth a read regardless perhaps? :

http://runningofthebulls.typepad.com/toros_running_of_the_bull/2010/05/gold-a-bubble-but-not-yet-why-warren-buffett-is-wrong.html

]]> By: Greg Atkinson http://www.shareswatch.com.au/blog/commodities/investing-in-gold-a-basic-guide-for-investors/#comment-1471 Greg Atkinson Fri, 11 Sep 2009 01:22:30 +0000 http://www.shareswatch.com.au/blog/?p=93#comment-1471 Thanks Biker Pete. I just tried to pull both sides of the story together. I have noticed much of the bullish talk about gold does not even mention the supply & demand side of things, but I think investors need to take that into account and not treat gold as something "special". Thanks Biker Pete. I just tried to pull both sides of the story together. I have noticed much of the bullish talk about gold does not even mention the supply & demand side of things, but I think investors need to take that into account and not treat gold as something “special”.

]]> By: Biker Pete, Niagra Falls, Canada http://www.shareswatch.com.au/blog/commodities/investing-in-gold-a-basic-guide-for-investors/#comment-1470 Biker Pete, Niagra Falls, Canada Fri, 11 Sep 2009 00:54:05 +0000 http://www.shareswatch.com.au/blog/?p=93#comment-1470 Excellent analysis... balanced and fair. Excellent analysis… balanced and fair.

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