Perth Bullion

Gold, as a precious metal, has a reputation that feels nearly unassailable. Most people often see it as a safe zone, more like something that cannot fail. However, is that always the case the answer is not always as simple as most investors will imagine. Gold does have the capacity to lose value, and sometimes does so. What is important is understanding why this happens and how often it does. But before that, we will take a closer look at what exactly this means and why investors need to understand this.  What Is Gold and How Does it Work?  Gold is not a company; it does not have any ‘growth’ and does not pay out any dividends. The value of gold is based on many different factors: Demand for it globally Fear and uncertainty Strength of currencies, particularly the US Dollar Supply of it globally Gold does not ‘grow’ like a company does, and is not an investment that is based on productivity in any form. This is important and helps to clarify several other points. Can Gold Act...

Gold is also a preferred investment for Australians who want stability and long-term value. As more people are becoming interested in physical gold and exchange-traded funds (ETFs), it is essential to know the tax implications related to them. The non-compliance may be severely punishable. This blog explains the main tax consequences of purchasing, selling, or trading gold in Australia and what you need to report to the ATO. Understanding Gold as an Investment in Australia The gold in Australia is categorised as investment gold or collectable (numismatic) gold. Investment gold is usually bullion bars or government-coined coins and is generally purchased as a wealth preservation asset. In contrast, numismatic gold has the added value of being rare or historically significant. Investors can have physical possession of gold, exchange-traded funds (ETFs), futures, or contracts for difference (CFDs). Investment-grade gold is a financial product under Australian law, where it is traded throu...