how to get started in gold?, page-5

In regards to physical bullion. I rent and I keep some at my unit. Live by myself but have previously lived with two flatmates while holding physical bullion in the unit. Obviously if precious metals go ballistic on the upside at some point I will need to take greater care as to where I hold my physical. For me, gold ounces are a piece of piss to hide. I think if someone broke into my unit they would need a metal detector to sniff them out. If holding larger quantities of metal as I do with silver due to its previously cheap nature, it's a little harder to hide well, but hey woopie doo. I'm not gonna live in fear. Worst case scenario it all get's ripped of my financial position won't be ruined at all.

I also hold 30% of my silver at my parents house which is interstate. In terms of if you are going overseas you can ask yourself if u have any trustworthy parties you can ask if they can hold the metal for you for however long.

CFD's I have no experience in. In terms of stocks. If you don't like 200% gains because you would prefer 2000% gains then please, go where you can make you're 2000% gains. Im sure anybody would be happy to follow you. As for me a 200% gain is an excellent result. If you are interested in gold miners then do you're research, compare. There are still stocks that will make appreciable gains from here forward, particularly if you feel you're personal stance on gold is bullish.

All posters on this gold forum will have different views on well positioned stocks to enter. For me one well positioned stock as an example that has good possibility for medium term share price appreciation is Troy Resources (TRY). All stocks have an entry risk and as is said everyone will have different ideas of good stocks.

As for AUD/USD how will this effect stocks you ask. I think you know the answer to this. Are the companies selling their gold for a higher price than they are producing it in the currency that they are dealing in? How do you view currencies will move going forward ? How do you view gold in general will move going forward? And then you have an idea of what prices you may feel you're company will be selling gold into in their relevant currency. I dont have a crystal ball over this matter but I know the AUD has moved from what, around 70c to almost 1.10 USD. How high do you think it can go ?? Who knows. May even go to 1.40 but AUD while gold price in AUD stays in the 1400somethings. May go to 75c and AUD gold hit $2000 on a downward gold correction in USD terms. Yada yada.

Anyway thats my take. Mate if you want to buy physical, go buy it, so long as you have a trustworthy party to leave it with when you go away. As for theft mate, you're cars left out on the street at times ? This can also get knocked off too. Anything can. Other valuables are also left in the unit/house too. Physical a good buy in AUD at the moment imo.