Honestly mate,Three very simple pieces of advise:1/Sack your...

Honestly mate,
Three very simple pieces of advise:

1/Sack your broker & start looking for a new one immediately, this one is bad for you;

2/Stay away from all forms of financial derivatives/leveraged instruments until (3);

3/Trust no-one except yourself & commit to a very long pathway of self-education into the mechanics, manufacture, construction, operation of each & every financial instrument you're interested in & then intimately explore internally all aspects of your own desire impulses as to why (intellectual challenge/profiteering yield/hedge-risk management etc) & at what risk participation (emotional/financial/occupational) is acceptable.

I've been involved in high impact derivative strategies for a number of years, wouldn't advise anyone to consider the pathway without great measure & quite frankly any broker pushing a client that has zero experience in these instruments into any form of uber-leveraged exposure is grossly failing in his obligatory duties to you as his client so dump him, no second chances.

Outside of non-leveraged proper physical exposure, there are Aussie gold equities that are in very attractive positions IF you are of the view that the gold paradigm has sustained forward opportunity, forget any other form of exposure.
Keep with the golden rules of vanilla exposure, high management integrity/capacity, management interest, low/zero debt, low-cost at or near production with organic exploration capacities & you should be OK.
There are many quality juniors using the above guidelines, for a static investor I personally think MCO is a standout but there are others ...

Bottom line mate, stay away from specialised instruments if you don't have requisite skillsets & next to no standard brokers will assist you here no matter what they say, most are just parrots & operators that have their commission over your financial health as primary interest.

Everything's relative, if you have a +500K portfolio & you want a 10K punt in forward volatility then understand that you have to allocate 100% risk to whatever exposure you have (Warrants) whereas other instruments can have >100% risk & know that's it's a totally rigged game, there's a million fraudulant ways they can play you & you will have zero form of legal recourse whatsoever.

Being analytically correct in the assumption & convergence of factors dictating forward price action is the easy easy part man, choosing the correct instrument amongst thousands is still easy whereas managing, protecting & executing the position is something entirely different & requires skillsets ... you're dealing with crooks that have full immunity in any of their 'business models', these instruments are one-way flowing rivers with very few exceptions.

I rarely post but this issue requires a little of reinforced commonsense on risk awareness & I felt like a waffle lol

Tread carefully & best of luck,
Warm regards ...