Gold Purchase!

Discussion of the Gold portion of the Permanent Portfolio

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ppnewbie
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Gold Purchase!

Post by ppnewbie » Thu May 09, 2019 12:40 pm

Can folks maybe just put a one liner on their choice how to purchase gold and with what company? I've been doing research and have a bit of a list. I may consolidate the list somewhere online. Thanks!

TOCQUEVILLE BULLION RESERVE - http://www.bullionreserve.com/
bullionvault
goldmoney
physicalgoldfund
hard asset alliance
perth mint online
perth mint certificate
perth mint offline
perth mint etf aaau
etf sgol
etf gld
etf iau
etf aaau
etf zgld.sw
etf 17 of them listed here - https://etfdb.com/etfs/commodity/gold/
texas bullion depository
www.tiaabank.com/investing/precious-metals (Everbank.com)
etf phys or CEF (sprott physical bullion trusts)
Private Custodians - Brinks, Loomis, Dunbar
Neptune Global
World Wide Precious Metals
Anglo Far East
Buy your own and put it in a safety deposit box
Buy your own and put in in a private vault.
Gold Backed Crypto list - http://www.goldscape.net/
Last edited by ppnewbie on Tue May 28, 2019 3:40 pm, edited 3 times in total.
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Kbg
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Re: Gold Purchase!

Post by Kbg » Thu May 09, 2019 1:10 pm

Step 1: paper/etf or physical. This is complex and ultimately personal preference. Spend most study time here.

Step 2 if paper (my choice): A mix of liquidity, spread and mngt fee that is driven by personal circumstances and associated trade offs. For me I started with GLD and now am in SGOL.

Step 2 physical, I’ll defer to others.
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Re: Gold Purchase!

Post by pmward » Thu May 09, 2019 1:25 pm

I'm still in accumulations right now, so that influences a lot of this.

Physical - some stashed, some in a deposit box.

ETF's - I have currently been doing my dollar cost averaging into IAU simply because I'm with Fidelity and it's commissions free. Periodically I have been selling this for physical.

Once I'm happy with the level of physical close by - I'll likely start either doing my periodic IAU swaps for AAAU or start an unallocated account at Pert Mint (I'm still curious if AAAU can be exchanged for unallocated in kind like it can for physical, I may have to give them a call to ask one of these days).
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dualstow
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Re: Gold Purchase!

Post by dualstow » Thu May 09, 2019 2:09 pm

Most recently, my choice is physical.

Where & How: online at Apmex. My local dealer is retiring anyway. I don't recommend Apmex, nor do I recommend against them. You might be able to find better prices elsewhere, but I find them convenient. Order online, drop a check in the mail. A box comes, and it doesn't say "Here's your gold!" all over it. And so far, they've never made any mistakes. Previous dealers that I used were fine, too.

Storage: safety deposit box.
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jhogue
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Re: Gold Purchase!

Post by jhogue » Thu May 09, 2019 3:13 pm

Physical- Safe deposit box at locally-based bank. I know the bank manager by first name. The bank survived the 1929 crash and Great Depression. Also houses paper US savings bonds.

ETFs- Mix of SGOL and IAU. In tax-deffered accounts at Fidelity. Primarily for re-balancing.
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
ppnewbie
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Re: Gold Purchase!

Post by ppnewbie » Thu May 09, 2019 3:23 pm

It’s interesting because it’s almost like you have to diversify your gold portfolio to manage its own set of risk. Would love to have a good (and somewhat liquid) Canadian allocated gold option.

Also do any of the oversees etf’s trigger fatca reporting requirements?
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jhogue
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Re: Gold Purchase!

Post by jhogue » Thu May 09, 2019 3:53 pm

SGOL is a US-registered ETF. Holding it in a tax deferred account in a US brokerage does not trigger FATCA reporting.
“Groucho Marx wrote:
A stock trader asked him, "Groucho, where do you put all your money?" Groucho was said to have replied, "In Treasury bonds", and the trader said, "You can't make much money on those." Groucho said, "You can if you have enough of them!"
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Kriegsspiel
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Re: Gold Purchase!

Post by Kriegsspiel » Thu May 09, 2019 3:56 pm

Goldmart
Colorado Gold
To die, to sleep
To sleep, perchance to dream; ay, there's the rub
For in that sleep of death what dreams may come
flyingpylon
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Re: Gold Purchase!

Post by flyingpylon » Thu May 09, 2019 4:11 pm

dualstow wrote:
Thu May 09, 2019 2:09 pm
A box comes, and it doesn't say "Here's your gold!" all over it.
So disappointing, am I right? ;D

I have used APMEX as well and would recommend them. Probably not rock-bottom prices, but reasonable enough, trustworthy, and very easy to deal with. Wire transfers are convenient, and I found it interesting that the person I spoke to at my bank had memorized their wire transfer details. They must be doing some good volume.

Of course that was before I lost it all in an unfortunate boating accident.
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dualstow
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Re: Gold Purchase!

Post by dualstow » Thu May 09, 2019 4:49 pm

flyingpylon wrote:
Thu May 09, 2019 4:11 pm
dualstow wrote:
Thu May 09, 2019 2:09 pm
A box comes, and it doesn't say "Here's your gold!" all over it.
So disappointing, am I right? ;D

I have used APMEX as well and would recommend them.
...
How else to impress the neighbors O0
Vanguard treasury money market now yields 1.73% compounded
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I Shrugged
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Re: Gold Purchase!

Post by I Shrugged » Thu May 09, 2019 6:25 pm

The Perth Mint ETF for ease/convenience/expense ratio; and the inconvenient but still valuable ability to show up in Perth and get gold handed to you.

Bullion coins from a dealer or dealers of your choice. Just "enough to get by". Like maybe peaking at 80 ounces IMO. This part all depends on your risk profile.
whatchamacallit
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Re: Gold Purchase!

Post by whatchamacallit » Thu May 09, 2019 9:40 pm

Only iau etf now.

Personally I was relieved when I sold all physical gold.

A weight was lifted not having it in the back of my mind.

Ammo would probably be better for barter if it came to that.
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