buying gold online in your smsf, page-21

Hi John,

On the confiscation risk of silver and platinum.

I am not 100% sure, but that might take constitutional change and hence a referendum, whereas, gold is already done and has been confiscated in the past.

What do I think for the next few years? I don't know. But, I do believe in holding pm's - for all the reasons you mentioned - I just think there is zero positives for holding in a visible entity and especially one that is at extreme risk of rule change.

There are NO positives to that bar some capital gain tax relief - currently only if the fund is in pension mode primarily and all those tax benefits are at great risk ATM let alone in decades time.


In fact, just on the numbers my guess is that if one measured over decades I would hazard that the cost of holding gold in a super fund even if the rules stayed exactly the same as now - the costs would outweigh the cap. Gains benefits in comparison to private ownership - but of course the exercise is academic.

Have a great day

Pinto