Hello pirates,
I was wondering what are some of the ways investing superannuation into gold (only). Self managed superfund is too much of a hustle at the moment are there any other ways?
Investing Superannuation into Gold
evgpek on 15/01/2018 - 08:26
Last edited 15/01/2018 - 09:24 by 1 other user
Last edited 15/01/2018 - 09:24 by 1 other user
Comments
Great advice! What’s the best value superfund for this purpose?
You'll need to do your research (I don't have this material to hand) but I know that the ING superannuation offer and AMG Super offer the direct equity option within them. You'd need to confirm that the ETFs you're interested in are available through these funds (or any other) as a fund may not necessarily allow access to the complete ASX.
Or the new "digital gold?"
Can you put superfund in bitcoins too? 🤪
into gold (only)
Bit risky to put all your super into one basket
Life is risky. You might even die.
You can't. You can invest your super into a fund that holds gold shares, Ideally one that is exclusively in gold shares, but thats going to be even scarcer than gold itself.
Only real way is to have a SMSF, and invest in gold shares, coins or bullion.
But that involves issues on how the gold is stored and it needs valuations to be updated.
Read this for details
https://www.google.com.au/url?sa=t&rct=j&q=&esrc=s&source=we…
Maybe you will find it easier to give up on the Gold scare mongers, or at least initially hold your own gold outside your super. If the world economy collapses, getting your gold out of even your super fund maybe rather difficult. That will require approvals, and being over 67, unless you want lapband surgery 😀
Haha nice one! Gold shares are fine. Maybe there are some shares which have correlation with good?
PMGOLD is an ETF on the asx that invests in 100% physical.
Many retail funds will allow you to buy ETFs.
While an SMSF isn't much of a hassle, holding bullion is a nuisance as you need to audit it and secure it.
Also worth a look is Resolute (asx:rsg) that gives investors the option to receive their dividend in physical gold to a Perth mint account. Might be a complementary investment.Note I think bullion is a poor investment class except as an element of wealth protection, so it has limited utility - only really going to massively appreciate if there is global catastrophe, but who would you sell it to? Maybe it has an investment case if you foresee coming very high global inflation, but even so I would chose inflation tolerant equities, so I still get a return if I get the timing wrong.
What is good investment you reckon?
Buy things that are low priced and sell them later when they are higher.
For example, Aussie retail is currently very low due to fear of Amazon, some prominent failures, and lacklustre results.
But I don't see any reason that some retailers won't continue to succeed.
The only things people all agree on that are doing well are things that are overpriced. The trick is ignoring baseless fear and going against the herd.
It isn't easy.
also how to invest into property with our super money? only possible through SMSF? many property agents advertising about this they make it sounds so easy.
That’s actually a really good question! Might be great product if someone wanna make for ozbargain community! Anyone?
Gold prices haven't moved much in last 7 yrs. Just saying.
lithium is on the way up .
Is it rare?
Not really but they can't get enough of it . It's used in batteries hence solar battery storage. Check it out might be worthwhile.
Your best bet will be to find a super fund that allows investment in direct equities and then invest your money in a gold ETF.