Buy Gold Australia – Investing in Gold in Australia

When it comes to buying gold in Australia you have a variety of options to choose from. All Australian gold bullion comes in the shape of gold coins or gold bars and biscuits and depending on the circumstances and your preference on how you want to invest there are usually three different routes you can take to invest in precious metals. You can buy gold Australia from local gold bullion or coins brokers, online gold bullion dealers and mints or gold funds, such as a SMSF (Self-managed Super Fund) In this article we discuss the differences in the types of investment when you want to buy gold online in Australia.


Buy Gold Australia Online

Online gold dealers in Australia no doubt have the best selection of gold bullion bars, gold coins, numismatics, proofs and collectibles. When you invest in gold online Australia from reputable online gold dealers, the majority of the time these online retailers will have the lowest premiums. There are many reasons for this but mostly this is due to lower overheads and also the fact that some bullion dealers in Australia buy in very large quantities and pass on the savings to their customers.

Investing in gold online also comes with lots of other major benefits. A lot of online gold brokers in Australia offer secure, vaulted storage so if you want, you don’t even have to take delivery of your gold which means you can buy your gold at an even further discounted rate. Other major benefits are that online gold dealers often have the largest selection of stock meaning you can choose from a variety of national and internal gold coins and gold bars.

Gold SMSF Australia – Gold Bullion Self-managed Super Fund

Did you know that you can invest in gold bullion using your SMSF? However, there are a few important facts you should know before you head out to buy a couple of kilos of gold bullion! Gold bullion coins, collectible gold coins and gold bars must be held in vaulted storage by a reputable mint. You will need to provide your auditor with a June 30 holding statement to prove the bullions;s existence, everything must be recorded in writing by fund trustees and the gold bullion should also be be insured.

Investors can potentially invest in four different precious metals, Gold, Silver, Platinum and Palladium. Investments of this nature can often be coined with the terms “Gold SMSF”, “Silver SMSF”, “Platinum SMSF” and “Palladium SMSF” or simply “Precious Metals SMSF”. First Capital Gold can help with supplying LBMA approved gold bullion that is available for your self-managed super fund. Just send us your details using the form on the right of this page to see how we can help.

Gold Bullion & Gold Coin Dealers Australia

The final option for gold investment in Australia is by using a local coin or bullion dealer. Although the majority of local bullion dealers are perfectly reputable and trustworthy, the main problem is that they carry smaller inventories and can often charge higher premiums for gold bullion. This is due to a number of reasons but mostly because of expenses, rent and operating costs are much higher than those of an online gold dealer for example.

You can find a number of trusted Australian based local gold dealers on the First Capital Gold website if this is the investment route you wish to take. You can click on the states and territories of the Australian map at the top of the page to find a local gold dealer close to you.

Invest in Gold Bullion & Gold Coins Australia

History of Gold Investment in Australia

If you want to invest in gold in Australia, investors have a large variety of gold bullion coins and bars to choose from. There are a couple of ways to go about it – you can buy physical gold and store yourself or in secure vaulted storage or by investing in gold bullion coins and bars for your SMSF. The majority of Australia’s gold bullion coins and gold bars are manufactured by the Perth Mint and they have an extremely broad selection to choose from when it comes to gold bullion.

The Perth Mint is Australia’s official bullion mint and is completely owned by the Government of Western Australia. The Perth Mint was the last of three Australian colonial branches of the UK’s Royal Mint (after the now-defunct Sydney Mint and Melbourne Mint). The Perth Mint is responsible for manufacturing most of Australia’s legal tender coins, including Australian Nugget gold coins (Kangaroos’), Australian Platinum Koala coins, Australian Silver Kookaburra coins, Swan series coins and gold bullion bars.

The Gold Kangaroo, or Golden Nugget as its also widely known is the most popular gold bullion coin to buy in Australia. The Australian Gold Kangaroo coins has been issued in different sizes over the years including 1/10, ¼, ½, and 1 oz with purities of .9999. They have varying face values of 15, 25, 50 and 100 Australian dollars.