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Perth Mint 1oz Cast Gold Bar for $20 over Spot (~ $1647 AUD)

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Perth Mint 1oz Cast Gold Bar for $20 over Spot (~ $1647 AUD)
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gringo on 17/10/2015 - 00:52 perthmintbullion.com (935 clicks)
Last edited 17/10/2015 - 01:39 by 1 other user

Following on from the PAMP Lady Fortuna deal - here is another way to buy some more discount gold bullion.

Perth mint has a current offer to purchase their 1 oz cast bars for only $20 over spot (spot gold is ~$1627 AUD). While Perth locals can go in and buy in person, you will either have to pay to get this posted ($17.50 minimum shipping), or pay for storage. This may kill the deal for those who only want to order 1 oz.

Quantity is "while stocks last" & trading hours are not the weekend - so you'll have to wait till Monday to purchase these.

Financial Bullion Gold Perth Mint

Related Stores

Perth Mint Australia
Perth Mint Australia

closed Comments

  • easternculture on 17/10/2015 - 00:58
    -4

    Perth Mint has reduced the premium on its 1oz Gold Cast bar from $35 to just $20, while stocks last.

    If your planning on spending that much on gold, you better off opening a trading/forex account and trade gold with leverage

    • gringo on 17/10/2015 - 01:06
      +7

      Well that is a different thing altogether from owning physical gold.

      Perhaps I'm just a suspicious type, but I don't trust those forex guys at all either - and leverage is a good way to blow up your account.

      • easternculture on 17/10/2015 - 01:08

        Maybe comm sec allows you to buy gold

        Forex is fine. I've used it before and made money from them, I once made 3k overnight

        Actually I like the idea of leverage. You will only blow your money if you trade irrationally

        • [Deactivated] on 17/10/2015 - 01:30
          +8

          how many times did you lose it?

        • samdong on 17/10/2015 - 06:16
          -3

          I once made 3k overnight.
          Any Screenshot?

        • Diji1 on 17/10/2015 - 12:06

          That actually makes you sound like a problem gambler.

        • easternculture on 17/10/2015 - 15:55

          @Diji1:
          It was a more than a few years back when the AUD/USD was volatile. I took a chance auto set the limits so i dont loose much or make more than i expected. Woke up to a nice surprise

        • gringo on 17/10/2015 - 20:02

          @easternculture:

          If the price gaps through your stop it may be triggered at a much lower level or may never be triggered (depends on broker).

    • Bullion Baron on 17/10/2015 - 10:23
      +2

      What an absurd comment.

      Owning physical Gold (a tangible asset) is completely different to punting on price movements using leverage in the forex market.

      $1600 is not a lot to spend on physical Gold, but like the size of any investment it's all relative to the amount of capital an investor has available (it may be a little to some, a lot to others).

      Making $3k in one night from forex trading is nothing to brag about (given the leverage involved) unless you are making such (net) profits regularly over a long period of time.

  • frowny on 17/10/2015 - 01:14

    So is the deal just $35 down to $20? What is with the 1600?

    • gringo on 17/10/2015 - 01:19
      +2

      $1647 is the price you pay for 1oz gold - or would if they were open now (9-5 monday to friday are their hours).

      A 42% discount on their usual premium isn't bad.

      For comparison Goldstackers has $1687 as their current price (out of stock though).

      • frowny on 17/10/2015 - 01:48

        I'm sorry, I still don't entirely understand. Why would they sell 1 oz of gold for $20 then?

        As in, if I took this 1oz into a jeweler to sell, how much would it be?

        EDIT: Oh, I understand, it is basically a reduction in the fee that they are taking. Apologies for the confusion, it is late.

        • gringo on 17/10/2015 - 02:00

          It's not for $20 - it's for spot price +20.

          Spot price is the amount traded on international metals markets. Currently, this is about $1627 AUD.

          As for resale - to get an idea, ABC bullion buys back their own 1oz blob (that they sell for $1668) for $1606.

          A jeweler would probably give you much less.

  • mechatics on 17/10/2015 - 01:18

    Does that mean Gold gonna go more down? Meanwhile I found this one worthy as well..
    https://www.abcbullion.com.au/store/gold/abc-gold

  • doperst on 17/10/2015 - 01:19

    Stupid question I always wanted to ask - if I take the bullion from its packaging, will it lose any value or be harder to sell?

    • gringo on 17/10/2015 - 01:27
      +3

      Yep to both.

      You should be able to get close to spot from a dealer regardless as they have the equipment to assay it.

      This is just a 1oz blob though and doesn't come with any real packaging (maybe a bag)?

      On the other hand - an advantage is that it has smooth rounded edges so you can hide it somewhere very secret (urghm).

  • Ss-ss on 17/10/2015 - 06:54

    I bought 2 x 1 oz bullion coins from Perth mint a few years ago. Alway wondered how I would go about selling them here in Sydney?

    • mr kindface on 17/10/2015 - 09:19

      just go to your local cash-for-gold, they might trade them for a nice 50c piece

      • 00 on 17/10/2015 - 23:59

        That nice piece may eventually file for Chapter 11 bankruptcy protection.

    • Bullion Baron on 17/10/2015 - 10:26

      Plenty of members on Silver Stackers would take these off your hands, just make sure you trade safe when doing so privately:

      http://forums.silverstackers.com/forum-33-australia-new-zeal…

    • cryptowiz on 17/10/2015 - 10:31

      Search for "bullion exchange Sydney" and you should find reputable dealers (rather than fly-by-night rip-off merchants).

  • MaMan on 17/10/2015 - 08:17
    +1

    Price is too high at the moment to make this a deal.

  • 00 on 17/10/2015 - 08:51
    +1

    meh… I just go for a sprint whenever I see a rainbow.

    • gringo on 17/10/2015 - 20:31
      +1

      Careful..

      • 00 on 17/10/2015 - 23:54

        I'm so going to see that!

  • mazuko on 17/10/2015 - 10:20

    this time is not a good time to buy gold

  • spuderump on 17/10/2015 - 10:27
    +4

    Can this be price matched at officeworks?

    • super8 on 18/10/2015 - 02:21

      Good question, and also is it valid at WA officeworks or nation wide?

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