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Wednesday, November 30, 2011

The Rare Coin Company

Investing in rare gold coins is another way of retaining one’s wealth and assets and one that has been very fruitful over the years for many investors as well as coin collectors.

As an example, in 2009 the famous Quartermaster collection of Australian gold coins went to auction selling for a massive $10.2 million dollars. This collection, put together in the late 80s and 90s, generated the owner a significant return on his original investment. This collection was made up of the finest and rarest quality pieces available at that time. Rare and collectable gold coins fetch much more than the value of gold contained within the coins of course.

It was not long ago that an extremely rare and highly-prized Islamic gold coin, possibly struck to coincide with the Caliph leading the Hajj pilgrimage to Mecca was sold for a record price. The Umayyad dinar, dated 105h (723AD) struck from gold mined on land owned by the Caliph fetched £3.7 million (approx. AUD $5, 716,000) in a sale at London auctioneers Morton & Eden on April 5, making it the second most expensive coin ever auctioned. The coin had been expected to realise £300,000- £400,000, but four bidders sent the price spiralling and was bought by the British trade on behalf of a private European collector. The most expensive coin ever sold at auction is the 1933 Double Eagle sold by Sotheby’s in July 2002 for the equivalent of approx. AUD $7,186,000.

Coming back to earth, usually the goal of most investors is to accumulate sufficient assets that may be used in retirement or for some other objective.
Rare gold coins have a very low to negative correlation to stocks and bonds and investors can reduce their total portfolio risk by holding a portion of their wealth in rare coins since they are tangible assets.

In addition rare gold coins are one of the few remaining assets that can be accumulated privately with no title deeds or certificates allowing the complete confidentiality of your investment. They can be readily moved anywhere and easily and discreetly stored anywhere of the owner’s choosing. This means you are not limited to where or when you can move and store your investment.

Over the past 20 years a selected portfolio of rare coins and banknotes has averaged a 13.9% pa compounded which is a respectable capital growth figure in anyone’s terms.

Investment into rare coins and banknote should be seriously considered for the astute investor but as with all forms of investment they do carry risks. A qualified coin and banknote specialist should be used to guide any new person on the correct way of investing in this lucrative and enjoyable past time and it is strongly recommended that any prospective investor into rare coins and banknotes should consult a qualified and accredited coin and banknote specialist and a financial advisor.

Review of the rare Coin Company
Here is a review of one of the established rare gold coin specialists.

The Rare Gold Coin Company is an Australian company dealing in Rare Gold and other coins and banknotes.

It was founded by Robert and Barbara Jackman in Albany, Western Australia in 1982, eventually trading as Jackman's Stamps and Coins.

Now with more than 26 years of knowledge and experience, they are firmly established as one of Australia's leading numismatic organisations, employing more than 30 full time staff with offices and showrooms located in Albany, Perth, Sydney and Melbourne but trade world wide.

Although they do a lot of trading and dealing in rare bank notes it is the gold and other rare coins that provoke much interest with their clients. Many clients will buy, sell back and repurchase rare coins on a regular basis.

As well as rare coins the Rare Coin Company supply sets of solid gold coins struck by the Perth Mint. The 2011 Lunar Gold Coin Series II Year of Rabbit Three Coin Gold Proof Set being a prime example.

Examples of other currently available gold coins include:

2011 Australian Koala Series 1/10oz Gold Proof Coin
2011 Australian Koala Series 1/25oz Gold Proof Coin
2010 Dreaming Series 10g Gold Dolphin Coin
2006 New Zealand Gold Rushes Silver Gilded Coin
2011 Treasures of Australia Pearls 1oz Gold Locket Proof Coin

A 1862 Victoria Young Head Sydney Mint Sovereign is currently on offer at $2,750.00 and is graded as good Very Fine (gVF).

A Certificate of Guarantee for all investment items is provided for all items sold and the Rare Coin Company state, "we are prepared to stand by the quality and rarity of the items we recommend to you."

This certificate of Guarantee assures the Authenticity and Grading of your numismatic investment and provides a 30 day full right of return.

The Rare Coin Company has a Future Resale Policy
When liquidating your numismatic portfolio, they guarantee to either:
Consign your portfolio for sale via our numismatic consultants, showrooms, and catalogue and online via our website.

Direct repurchase of your rare coin/s and/or banknote/s (stock levels permitting).
Consign your portfolio for sale via auction.

If you choose to liquidate an investment item within the first 12 months of purchase, your item/s will be subject to consignment and no more than the initial sum of the investment will be respectfully paid.

The Rare Coin Company utilises recognised industry grading guidelines, which form part of the constitution by-laws of the Australasian Numismatic Dealers Association Inc. (ANDA). The Rare Coin Company is a founding and current member of ANDA.
They are an authorised distributor for the Perth Mint.

Some of the benefits of investing in rare gold and other coins include:

Suitability for personal investors and self managed super funds.
Over the past 43 years, a selected portfolio of rare coins and banknotes has averaged returns of 13-15% pa, making them a highly competitive alternative in comparison to many other forms of investment.
No entry or exit fees.
No minimum purchase required.
Non-taxable while held.
Your investment is easily portable and can be moved and stored anywhere in Australia or overseas.
Strong demand within Australia and internationally makes it easier to liquidate well-chosen rarities.
You can liquidate a portion of your portfolio as necessary without penalty.
Your Investment is discreet and confidential as there are no deeds or certificates which have to be lodged with authorities.

A Storage Facility is available with The Rare Coin Company by arrangement.

Complementary annual revaluations for portfolios valued over $5,000.

As well as the usual available gold coins and gold coin sets the rare Coin Company also deals in some of the most expensive coins available.

An example (pictured) being the 1858 Victoria Young Head Sydney Mint Half Sovereign
Choice Uncirculated (ChUnc) Valued at $60,000 Australian an, although not a gold coin, the c1855 Port Phillip Kangaroo Office Victoria Pattern Sixpence graded the finest known (nFDC) available for the tidy sum of $110,000 Australian Dollars.

But prices on site (rarecoin.com.au) range from 25 dollars up to the aforementioned 110,000 for coins (and even higher for notes, reaching the stratospheric quarter million dollars for a 1949 George VI Coombs/Watt Ten Shilling Star Note Consecutive Pair Unc) there are prices and coins for anyone who wants to invest in rare gold coins.

One can buy online by simply adding to the cart your selection.

Postage Costs are $7.50 to anywhere in Australia. $20.00 to International customers. They accept payment by credit card (Visa and MasterCard only), Direct Debit (Australian Bank Account holders only), Telegraphic Transfer and Personal Cheque.

All orders are delivered by registered post (where possible) and you should allow up to 14 working days from receipt of payment for delivery of your order.
They provide an optional secure storage service for investment items valued at $1,000 or more.

All investment items valued at less than $40,000, that are not stored with us, will be delivered by registered post (where possible) and you should allow up to 14 working days from receipt of payment for your order to arrive.

Investment items valued at $40,000 or above, that are not stored with us, must be collected from one of our offices or showrooms.

Please note GST is a 10% tax applicable to Australian customers. International customers will have the GST removed from their order before checkout.
Storage of items with the Rare Coin Company is priced at 220 Australian dollars per annum.

Wednesday, October 28, 2009

Gold de Royale

This is a write up of Gold de Royale, an Australian gold bullion and other precious metal dealer and explains who Gold de Royale are and what they deal in. It is well worth reading before you decide to buy any gold from Gold de Royale.

As always, we recommend one does one’s own due diligence before buying gold from any gold dealer.

Who are Gold de Royale
Gold De Royale is an Australian online bullion store selling exclusively Swiss gold, silver, palladium and platinum. They are based in Brisbane, QLD but orders can be placed online from anywhere in Australia. The website is goldderoyale.com.au and the Sales Manager is Mr. George Vo

The company, GOLD DE ROYALE PTY LTD, ABN: 80 134 939 272, has been around since November 2008. Their offices are open Monday to Friday 9am to 4pm with the online store open 24/7 of course. The address is Suite 103, 192 Ann St, Brisbane, QLD, 4000

As Gold de Royale is a fully online business, and for security reasons, they do not keep gold or other bullion on the premises. Instead there is a fully secure online ordering system and they have orders shipped as soon as they are receive.

Gold de Royale Products
Gold de Royale sell principally Swiss gold, silver, platinum and palladium bullion. They also occasionally have other gold and silver products, such as Canadian Maple Leaf coins for example. Here is a list of their standard products:
PAMP Suisse
1 Gram
2.5 Grams
5 Grams
20 Grams
2 Tolas
10 Grams
100 Grams
1 Troy Ounce
10 Troy Ounces
1 Kilo Bars

Valcambi
Valcambi Gold Coin 1/4 Ounce
Valcambi Gold Bar
1 Gram
2.5 Gram
5 Gram
10 Gram
20 Gram
50 Grams
100 Grams
250 Grams
500 Grams
1 Kilo Bar
1 Troy Ounce

Credit Swiss Gold Bar
1 Troy Ounce.

Argor Heraeus Gold Bar
1 Troy Ounce.

PAMP Suisse Palladium Bars
1 Troy Ounce,
10 Troy Ounce
1 Kilo

Credit Suisse Platinum Bars
1 Gram
5 Gram
Gold de Royal Customer Service
Anyone can buy gold or silver bullion from Gold de Royale. This includes companies, dealers, collectors, investment institutions, jewelers and of course individuals.

Purchases can be made via email or phone. Order may be placed online 24 hours a day seven days a week. The office is only open during business so any response by the office, if you want to talk to someone there, will need to be within 9am to 4 pm Monday to Friday Brisbane time.

Gold de Royale ship internationally as well as with all parts of Australia. Due to security issues not all countries are accepted for shipping however. Any bullion product shipped is fully insured against loss during the transit period. All shipments are through FedEx and a signature is required on delivery. No responsibility is taken if there is no signature by the purchaser. International Orders can be paid for by standard credit cards, PayPal and Bank Transfers. Arrangements for the purchase and payment of bullion internationally can be done by getting in contact with the office by email or phone.

Once a purchase is established and a price established at the time of the order, that price is fixed regardless of any movement in the price of the precious metal in the market place. This is regardless of any possible delay in shipping.

There are conditions relating to the payment and these are primarily related to ensuring that the payment is made to Gold de Royale within a specific time range.

Gold De Royale accepts custom orders for Swiss Gold Bullion only. The minimum amount required to place a custom order is Two Kilos or more. There is no upper limit imposed for custom orders and they state they can provide you with as many kilos of gold as you require. They also state they will supply either one or a combination of these gold bars at their discretion:
PAMP of Switzerland
Argor-Heraeus of Switzerland
Valcambi of Switzerland
Credit Suisse of Switzerland
They do note on the website that:
"Owing to the great demand for Swiss Gold Bullion (demand outweighs supply), we cannot guarantee that your order will be comprised of just one of the above-mentioned Gold Bullions. While we try our best, it may not be possible and we may need to supply you with other Swiss Gold Bullion as mentioned above. Please note that we will not supply you with any other Gold Bullion other than the above-mentioned Swiss Gold Bullion for custom orders."
Opening a Gold de Royale Account
Opening an account with Gold de Royale is similar to opening a bank account in Australia. In order to comply with the current regulations and a Know Your Customer Policy, all applicants will need to provide documentary evidence of identification in order to open an account. This only needs to be done once and usually consists of notarised or certified copies of various identity documents such as drivers licence, passport, proof of age cards, address etc. This is fully detailed on site.

For businesses, the following documents would be required.
Copy of business/company registration.
Identification documents of the authorised person acting for the business/company.
Authority to act as the authorised person for the business/company on the letterhead.
This is a one-off legislative requirement and once done would not be required for any further purchases.

The Gold De Royale's website system is based on the SSL (Secure Socket Layer) encryption standard and, provided you are using an SSL- compliant browser such as Netscape's Navigator or Microsoft's Internet Explorer, you will be able to conduct fully-protected transactions that encrypt all of your personal information, including your credit card number, name and address, so that it cannot be read as the information travels from you to Gold De Royale.

Gold de Royale further assure that all of the customer data they collect is protected against unauthorised access.

How to Buy from Gold de Royale
Having opened and established an account with Gold de Royale, one will be able to buy gold or silver or even platinum and palladium from them.

One can order by email or by phone. If ordering by phone bear in mind that the phone does not have a memory and so you should write down the details of the call including the name of the person you spoke to. What you ordered including the weight, number of bars, and gold from which refinery, the agreed price and method of payment and, most importantly, when it should be paid by. Also make a note of the shipping method and the time and date of the call.

A copy of all purchase orders should be kept with these details as well and any bank or payment transactions.

Payment can be by various methods.
Personal/Business/Bank cheques
Electronic Funds Transfer
Credit Cards
PayPal (for overseas transactions)
Each of these methods have their own terms and conditions of sale which should be noted and understood before entering a contract to buy gold or any other precious metal.

Importantly, owing to market volatility and other conditions Gold De Royale do not specify the exact amount of Bullion that can be purchased if a client chooses to pay by personal or business bank cheque or electronic funds transfer.

It is also very important to note the follow Gold de Royale state on their website:
"As the precious metals markets are extremely volatile, funds must be received in Gold De Royale’s bank account on the same day the transaction takes place. While most major banks in Australia (National Australia Bank, Commonwealth Bank etc) are able to transfer funds on the same day to our bank account, some state banks and credit unions are not able to do so. Most banks can transfer your funds to our account on the same day if the transaction is conducted over the counter in a bank or via internet banking between 9:00 AM and 2:00 PM (on a Business Day). If in doubt please contact your bank for further information. You can also withdraw cash from your bank account and deposit it directly to our bank account."

"If funds are not received on the same day in our bank account when the transaction takes place, the client agrees to pay any difference in the price, if the price of bullion increases when the funds get cleared. As gold prices are initially fixed by Gold De Royale in United States dollar (US Dollar) before we convert it to Australian dollars (AUD) for ease of transaction purposes, it is essential that we receive your funds on the same day. We will advice the client if a difference exist."


Payment Methods
Credit cards. Credit card payments are limited $5000. Gold de Royale accept the standard cards, Visa, Master Card and American Express. A credit card surcharge is also applied. 1.3 percent for Visa and MasterCard and 3.25 percent for American Express. There is also a surcharge applied for PayPal transactions of 2.7 percent.

All purchases are only processed once the funds are cleared.

The currency charged for all transactions will be in Australian Dollars (AUD).

Gold De Royale reserves the right to refuse any orders at its own discretion without giving a reason. Should a transaction be detected as a fraud at a later date, Gold De Royale reserves the right to commence legal action.

Gold de Royale Exchange and Returns Policy
Gold de Royale do not accept returns where a client has changed their mind, is having financial difficulties, found a different item which they now prefer or have found the same product elsewhere but at a lower price. Also for not having read the terms and conditions where it is stated that one cannot return one’s purchase.

Gold de Royale WILL offer a money back guarantee if the product or products bought are not as they are supposed to be. Or if one ordered one item and instead received something else and not the item ordered (this is why it is important to keep good records of orders including and especially phone orders).
As well as the standard procedures for returning such goods, being a precious metal sent in a particular way it is important that when returning unwanted goods for the reasons described, one also includes the packing, any synthetic case and seals as well.

If there are any signs of damage to the product it will not be accepted for return.

In view of the fact that great care is taken with each order and provided you have made your order clear enough it is extremely unlikely that there will be any need to return any gold or silver bullion received.

Gold de Royale Shipping Policies
Gold de Royale will ship to a post office (PO) box via registered mail. It should be noted, however, that courier companies do not ship to post office boxes.

Gold De Royale insures its shipments and its insurer is responsible if anything should happen to the shipment while in transit. Gold De Royale do not accept responsibility if the carrier is instructed to leave the package without a signature. Gold De Royale will also not accept responsibility for any package delivered to a non-residential address and which is signed for by a third party, i.e. not the client or purchaser, or if the address provided by the customer is incorrect.

If an order is lost or stolen during transit, they will follow this matter up with the insurance company and the customer will be repaid back the money when received from the insurance company.

Gold de Royale do not keep any gold or other precious metal at their offices so if a customer wants to collect their gold bullion or other precious metal they will need to make an arrangement to pick it up from Gold de Royale’s designated security company. Two days notice is required for this facility and they charge a service fee of $27.50 for this option.

Gold de Royale Storage Facility

Gold de Royale provide secure storage facilities for Gold Bullion for their clients, as do most Australian gold dealers.

When you appoint Gold de Royale to store your Gold Bullion, your Bullion will be counted twice by two different appointed personnel and both must agree and then sign the inventory list. Your precious metals are then placed into a secured casing and tagged with your name, certificate of storage number and contents and then securely stored in a vault at The Reserve Vault, Brisbane, Queensland. They then mail the customer a Certificate of Storage that lists the items.

The Reserve Vault is a highly secured facility that provides secure storage for valuables with the best security rating in Australia by Lloyd's of London. Although they will store the Bullion on your behalf, they do not currently provide insurance for Bullion storage but can direct you to an organisation that may be able to provide you with a quote for storage insurance if required.

Last Word on Gold de Royale

Gold de Royale provide a similar services to other gold bullion dealers in Australia, except it should be noted that Gold de Royale only sell gold/silver bullion bars, they do not buy them back.

But it is well worth considering and comparing the prices. You can have the Gold de Royale send you their prices daily by signing up for their newsletter on the website.

As far as we know Gold de Royale are the only Australian gold dealer offering gold bullion from the four Swiss refineries so you know therefore, if you buy gold from Gold de Royale, that the quality and standardness of the gold is of an international standard accepted everywhere.

Monday, December 15, 2008

Gold Bullion Securities Australia

This write up of Gold Bullion Securities Limited explains who Gold Bullion Securities Limited are and the gold product they deal in. It is well worth reading before you make any decisions about investment from the information on their website www.goldbullion.com.au.

It is always a good idea to do some due diligence before dealing with any gold dealer or dealer in securities, and find out as much about them as possible.

Who are Gold Bullion Securities Limited

Gold Bullion Securities Limited is the issuer of Gold Bullion Securities (Ticker GBS) on the Australian Stock Exchange. The company is two thirds owned by the World Gold Council and one third by IRL Holdings Ltd. IRL (Holdings) Limited are an Offshore Incorporation Limited in ROAD TOWN, Tortola VIRGIN ISLANDS. IRL means Investor Resources Limited and is the registrant of the Gold Bullion Securities with Gold Bullion Securities Director Graham Tuckwell listed as the registrant contact. The World Gold Council (WGC), is a commercially-driven marketing organisation funded by the world’s leading gold mining companies. It is a global advocate for gold and aims to promote the demand for gold in all its forms through marketing activities in major international markets. For further information visit www.gold.org. The directors of Gold Bullion Securities Limited are, as mentioned, Graham Tuckwell, as well as Dr Vince FitzGerald and Simon Village. The official address is the Share Registry, Link Market Services Limited, Level 12, 680 George Street, Sydney, NSW 2000, Australia. The website is recorded in the wayback machine as first being registered in early 2003.

What Does Gold Bullion Securities Limited Do

Gold Bullion Securities Limited is designed to offer Australian investors easy access to the gold market in Gold Bullion Securities traded on the Australian Stock Exchange under the symbol GOLD, and becoming beneficial owners of the gold backing each share. This securitisation of gold bullion overcomes a number of issues that have proved to be barriers to accessing gold’s unique qualities. It is meant for Australian and certain exempt investors* only.

Gold Bullion Securities (GBS) can be bought through most regulated broker dealers and market makers. A list of these can be found on the website.

Also available is a gold bar count as conducted by the Inspectorate International Limited for Gold Bullion Securities Australia.

How Does It Work
Investors can now able to purchase gold backed products through traditional brokerage accounts. This allows gold to be mixed with traditional asset classes such as stocks and bonds in an investment portfolio. The underlying liquidity will be determined by the 24 hour global Over-the-Counter (OTC) market gold market. The Gold Bullion Security (GBS) is an exchange traded security (share or note) of nominal value which carries with it an entitlement to approximately 1/10th of one fine troy ounce of gold bullion. For each GBS on issue there is a corresponding amount of gold held in trust.

The exact structure of GBS to which the gold is attached may vary between markets of course depending on the structure of the market, tax and specific security regulations. In Australia, for example the gold is attached to a redeemable preference share, whereas in the UK, the gold is attached to a Note instead.

The securities are backed by 400 ounce London good delivery gold bars. The Net Asset Value is calculated daily, and posted on the web site under Financial Information. The gold bars themselves, can be seen on the Gold Bar Holdings page.

Premiums/Discounts Should be Limited – The ongoing ability of Market Makers to create and redeem securities (by exchanging gold for GBS and vice versa) should limit potential premiums and discounts Low Counter-party Risk. The Trust’s gold is held in the form of individually identified bars in an allocated account with a Custodian which holds the gold bars on trust for investors. The Trustee may not trade, lease or lend the gold bars.

Storage is covered by the Custodian, HSBC or subcustodian while the gold is insured under HSBC Group’s insurance policy. These expenses are covered by the monthly fee.

Investors are always advised to read the prospectus, which can be downloaded from the www.goldbullion.com.au website in consultation with their financial advisor before making any decisions to buy or sell any GBS.

Allocated Accounts
All gold bullion held at the Custodian Bank for GBS investors on trust, is held in the form of Allocated Gold.

All the Allocated Accounts are held by the Custodian or subcustodian in the trustee’s name and consist of uniquely identifiable bars of gold "allocated" to the trustee and beneficially belonging to the investor. The gold held in the account is also physically segregated from other metal held in the vault. Metal in an allocated account does not form part of the Custodian’s assets. Allocated gold is not lent out and does not involve any derivatives. It is not used for any other purpose in fact than as gold held in trust on behalf of the investor.

All allocated gold is kept in the form of Allocated London Good Delivery bars (c. 400oz). The Custodian bank, the HSBC, holds the gold in its vault, or in vaults of its sub-custodians (sub-custodians might be banks which the HSBC uses to store gold and other precious metals). The details of each gold bar in the Trust is regularly updated on the web-site www.goldbullion.com.au

Unallocated Accounts
Most gold traded in the London market, however, is traded and settled in an unallocated form. Gold held in this form does not confer on the investor any interest in the underlying gold and the investor only ranks as an unsecured creditor. Unallocated gold may be lent out to third parties. It is always advisable to have allocated gold and not unallocated gold for this reason.

How to Buy and Sell GOLD
Buying and selling Gold this way is pretty simple. There is no minimum or maximum transaction size, but keep in mind the brokerage fees when buying and selling. This can affect the minimum transaction size as, for a broker, it is basically the same amount of work involved regardless of the size of the transaction.

Buying is generally done through registered stockbrokers and dealers. Securities houses and other market professionals, approved by Gold Bullion Securities Limited, can create new GOLD by depositing gold in the Trust

Basically there are two ways to buy GOLD. Buy GBS on the ASX via normal broking channels (on the secondary market). GBS trades like any other ASX-listed security or through a Market Maker. This is only available to institutional investors, who should consult the Prospectus for details.

Selling GOLD is done through registered brokers and dealers also. The same rules apply when it comes to brokers fees of course. All GOLD holders are entitled to redeem for cash (through the London AM fix) and securities houses and banks which trade in OTC gold and have access to a local London bullion account may redeem for gold. You can, then, sell GBS on the ASX via normal broking channels, or to a Market Maker. This is only available to institutional investors. However you can also redeem GBS by completing a Redemption Form. This method of sale is available to anyone. Keep in mind that a flat fee of A$1,000 is charged for a redemption so you would only want to be redeeming a reasonable quantity.

Costs and Fees
There is a management fee of 0.40% p.a. accrued daily and debited in gold against Trust assets monthly and brokerage charges are likely to apply on ASX trades in GOLD

Creation and redemption Can be made by institutions holding an Australian Financial Services Licence. The minimum creation in this case is A$500,000. Redemptions are accepted for part or whole of Gold Bullion Securities held. Other investors can buy and sell Gold Bullion Securities on the Australian Stock Exchange

Flat fees of A$750 per creation and as previously mentioned, A$1,000 per redemption. It should be noted, however, that these fees are only applicable to purchases and sales effected via creations and redemptions. They do not apply when trading on the ASX.

Last Words on Gold Bullion Securities Limited
If you have any issues on Gold Bullion Securities Limited, you should contact them through their contacts page. Anything you feel we should know about Gold Bullion Securities Limited or you think may be of interest to us, please go to the goldprice.org feedback page and feel free to leave your feedback on the quality of service and products including any Gold www.goldbullion.com.au online complaints and special attention or service given by www.goldbullion.com.au.

*Exempt investors means investors to which offers of securities are permitted to be made (in the place where the investor is located) without the need for a registered offer document such as a prospectus (for example institutional investors and holders of financial services licences).

Tuesday, June 10, 2008

Ainslie Bullion

This write up of Ainslie Billion explains who Ainslie Billion are and what they deal in and is well worth reading before you decide to buy gold and silver from their website, www.ainsliebullion.com.au

In all transactions with gold or other precious metal with any gold dealer, it is always a wise thing to do your own due diligence and find out as much about them as possible.

Who are Ainslie Bullion
Ainslie Bullion are a 33 year old Australian bullion company. They began trading as the Australian Bullion Company in 1974, making them the oldest bullion company in Queensland. In 1990 they changed our name to Ainslie Bullion Company and in the early part of 2005 went on line with their website www.ainsliebullion.com.au.

As well as the usual gold and silver bullion, Ainslie Bullion also stock a wide variety of gold and silver coins including the full range offered by the Perth Mint.

They also supply an extensive range of products specifically for the jewellery industry including fine gold and silver granules, master alloys, solders, stock gauge wire, etc.

Ainslie Bullion Customer Service

Ainslie bullion give as their Mission Statement:
"Our Purpose:
To provide optimal service and to exceed the expectation of our clients

Our Philosophy:
Hold ourselves committed and accountable in the pursuit of client satisfaction. Offer and provide genuine value for money. Acknowledge the loyalty of our clients and deal with them promptly, honestly, professionally in a friendly manner."
They offer same day delivery for city clients and next day delivery for country clients.

The Ainslie Bullion Company offer free storage facilities for storing clients gold and silver bullion. The gold is stored in the Westpac Vault at 260 Queen Street, Brisbane, Australia.

Ainslie Bullion Company welcomes buy-backs, and offers a competitive price on buying back gold and silver. Buy-backs are processed in much the same way as sales, either personally or by telephone order. For telephone buy-backs, the price will be discussed and fixed with shipping arranged at the time of the call. Funds are credited to your nominated bank account once the gold or silver is received by Ainslie Bullion

Ainslie Bullion Products
The Ainslie Bullion Company supply the following products:
Gold Bars
½ ounce gold bars
1 once gold bars
5 once gold bars
10 ounce gold bars
1 Kilo gold bars

Gold Coins
Gold Maple Leafs
Gold Sovereigns
Krugerrands
Also many Perth mint Coins also including Kangaroos

Silver Bars
1 Kilo silver Bars
15 Kilo silver Bars
100 ounce silver Bars
Perth Mint 10 ounce and 20 ounce Bars

Silver Coins
Pre 46 and Post 46, 1966 50c
10 ounce silver coins
1 ounce kookaburra silver coins

Also Platinum Koala Coin Collection
And many others.

Some coins, if sold in Australia, will incur a Goods and Services Tax. You should check with Ainslie Bullion for details.

How to Buy Ainslie Bullion Products
Firstly you will need to open an account with Ainslie Bullion. This will require providing your name, address, contact phone number and verifiable identification. You will then get an Account number and can then buy gold or silver over the telephone or by visiting Ainslie Bullion in person.

All funds must be cleared in Ainslie Bullion's bank account before any gold or silver is shipped. Fabrication and freight will be charged if you decide to take physical delivery of your gold and silver held in a pool account.

The Ainslie Bullion Company will issue you with a holding for each transaction you do via their gold and silver pool accounts.

Ainslie Bullion Company Pricing Policy and Payment Options
Ainslie Bullion also point out that, should you receive a quote for a sale or a purchase that is even more competitive than that from Ainslie Bullion Company, they would welcome the opportunity to either meet or better that quote.

Ainslie Bullion accept callers at their office at Queen Street, Brisbane (next door to the GPO), any time between 9.00am and 4.00pm, five days a week, for an over-the-counter sale, and they will quote an up to the minute price in line with the daily market silver and gold prices.

Payment can be made either by cash, bank cheque, personal cheque, telegraphic transfer or direct credit using internet banking. In the case of personal or bank cheques, please allow 3 working days for clearance, before delivery.

If you are outside of Brisbane or interstate then you can use their telephone service or internet inquiries service to place your order. The order will be placed in your name and held for you free of charge, until you have time to collect it. Alternatively, for a small charge (which includes insurance) your order can be shipped directly to you. Payment must be received on the same day of purchase, either by telegraphic transfer or cash into their bank account.

Ainslie Bullion Gold and Silver Pool Account Services
The Ainslie Bullion Company also offer Pool Accounts. These are also referred to as unallocated storage accounts in which a precious metal account is set up for a client but the client does not have title to specific (allocated) bars or coins. The client instead owns a defined unsegmented interest in a pool of precious metals held by Ainslie Bullion. However, the client can receive physical bullion in the form of any type bar or coin normally carried by Ainslie Bullion upon payment of quoted fabrication charges.

More information about pooled accounts is available on goldprice.org. Pool Accounts allow you to buy gold without taking delivery as your gold and silver is held in trust by Ainslie Bullion. There are no safety deposit fees or monthly depository charges. There are also no premiums, bar charges, shipping, or insurance unless, of course, you're ready to receive physical bullion products in exchange.

Cost of Gold at Ainslie Bullion

Due to the volatility of gold and silver with the value changing on a daily basis, Ainslie Bullion Company issue a Daily Price List. The price of gold and silver for the day is set each morning and posted as a PDF file on their website.

You can ring and discuss the price with them if you feel you can do a better deal or have found a better price elsewhere.

The Last Word on Ainslie Bullion
Trading in Metal Accounts is another facility available from the Ainslie Bullion Company. This has recently become a popular activity with many people due to the keen prices offered. Savings are achieved this way because the metal is usually not fabricated or delivered. All holdings are insured in full of course.

If you have bought any gold coins or gold bullion from www.ainsliebullion.com.au, please feel free to leave your feedback on the quality of service and products including any www.ainsliebullion.com.au online complaints and special attention or service given by www.ainsliebullion.com.au online.

Monday, June 9, 2008

Gold and Silver Bullion Australia

This write up of the Gold and Silver Bullion Australia explains who Gold and Silver Bullion Australia are and the gold and silver products they deal in. It is well worth reading before you buy gold from their website, www.goldbullionaustralia.com.au

It is always prudent to do your own due diligence before dealing with any gold dealer, and find out as much about them as possible.

Who are Gold and Silver Bullion Australia
Gold and Silver Bullion Australian Pty Ltd, formerly trading as Bullion Gold and Silver Exchange has been established since 1980 under the direction of Mr Edwin Slabbert, a highly respected bullion dealer with over 35 years of experience in the bullion and jewellery industry. So they have been in business at least 27 years. Their current principal, Lisa Casagrande, a prior well known women's soccer star and past member of the Olympic Committee, studied extensively under the direction of Mr Edwin Slabbert, and has previously operated two successful businesses.

Gold and Silver Bullion Australia operate from a shop on the Gold Coast, Queensland, Australia and are open from 9am to 5pm Monday to Saturday. Being able to buy gold and silver bullion on a Saturday is very convenient.

There website is www.goldbullionaustralia.com.au

Gold and Silver Bullion Australia Customer Service
Gold and Silver Bullion Australia buy and sell gold bars, gold coins, silver ingot, bars and bullion.

All transactions are done on a personal basis and to buy gold and silver you will have to fill out the inquiry form on the contact page and then go from there. There is no specific form provided to open an account. To begin transacting you will need to provide ID much as you would when opening a new bank account.

Once you have made contact you can expect to get a response within 24 hours or 48 at the latest.

Buy Gold from Gold and Silver Bullion Australia
Although they do not have a specific list on their website, www.goldbullionaustralia.com.au, Gold and Silver Bullion Australia offer the following products.

Gold Bars, Ingots Australian Gold Coins as produced by the Australian mint and the Perth Mint. Also Gold bullion coins such as Krugerrands and other overseas gold coins including Gold Chinese Pandas and Gold Canadian Maple leaf.

They also buy and sell Silver ingots, bars and bullion as well as trading in recognised silver coins.

Also the following may, at times, be available:
Buffalo Gold Coin
Canadian Maple Leaf
Maple Leaf gold coin
French 20 Franc
Swiss 20 Franc
British Sovereign
French 20 Franc
Gold Sovereign
Krugerrand Gold
Austrian Philharmonic
Gold and Silver Bullion Australia Payment Options
To Buy gold from Gold and Silver Bullion Australia is very easy. Gold and Silver Bullion Australia use the current spot gold price and spot silver price as the pricing basis for their gold and silver coins and bars.

When you place an order you come to an agreement on the price and once the price and amount of bullion are agreed upon you are expected to make immediate payment either by:
Cash Payment
Personal or Bank Cheque
Electronic funds transfer. (Always check with your bank as each bank has its own deadline for electronic funds transfers, some quite early in the day)
Once, funds have been cleared into Gold and Silver Bullion Australia's account, then the transaction will be deemed to have been completed and the bullion will be released to the customer.

In the instance of an electronic funds transfer, a confirmation order will be faxed for you to sign and immediately fax back. Once this has been completed, both parties will be "locked into" the transaction.

When the funds have been cleared into their account, they will contact you by phone, fax or email to confirm the delivery address. They will then dispatch the bullion as per the agreed-upon confirmation order.

Selling Bullion to Gold and Silver Bullion Australia
Selling Bullion to Gold Bullion Australia is easy. You simply call by phone and agree to a price for your gold or silver bullion. Then the price is "locked in" and confirmed with a fax to you which you sign and fax back. You must insure and post your bullion the same day to ensure it is received within 48 hours.

Once the bullion has been received, Gold and Silver Bullion Australia will inspect the bullion as per confirmation order. A phone call, fax or email will be made to confirm their acceptance of your stock. Then, by either a cheque or electronic funds transfer, payment will be made within 24 hours.

Last Word on Gold and Silver Bullion Australia
If you have bought any gold or silver bullion from www.goldbullionaustralia.com.au, please feel free to leave your feedback on the quality of service and products including any complaints and special attention or service given by www.goldbullionaustralia.com.au.

Sunday, June 8, 2008

Australian Bullion Company

This write up of the Australian Bullion Company explains who the Australian Bullion Company are and what gold and silver products they deal in. It is well worth reading before you buy gold from their website, www.ausbullion.com.au

Note that it is always prudent to do your own due diligence before dealing with any gold dealer, and find out as much about them as possible.

Who are the Australian Bullion Company
The Australian Bullion Company are based in the center of Sydney, NSW, Australia and have been operating since 1977.

They sell mostly Australian Coins produced by the Perth and Australian Mints but also do an extensive range of diamond and precious metal Jewellery designed by Director Carol Murray.

There website, www.ausbullion.com.au, has been online since April 2001.

Contact points are the Australian Bullion Company are Jane Simpson and Monika Mooney and are available by phone.

Customer Service at the Australian Bullion Company
Australian Bullion Company offer free storage and insurance for clients with precious metal accounts.

You can store your bullion and receive a proof of ownership receipt and it will be insured for replacement value. At 30th June and 31st December each year you receive an updated storage account with the corresponding market spot price for each metal held.

Products of the Australian Bullion Company
Australian Bullion Company are primary distributors of the Perth Mint and The Royal Australian Mint Although do deal in other gold and silver coins from time to time.

Here is a list of some of the gold, silver and platinum coins you can buy from the Australian Bullion Company.
Australian Gold Nugget Coin
Gold Bullion Collector Coin
Gold Bullion Investor Coins
Australian Lunar Gold Bullion Set

Australian Kookaburra Silver Bullion Coin
Australian Lunar Silver Bullion Set
Australian Lunar Silver Bullion Coins
Year of the Mouse Silver Coin Issue

Australian Koala Platinum Bullion Coins

Various other gold, silver and platinum Australian struck coins.
How to Buy Gold at the Australian Bullion Company
To buy gold or silver from the Australian Bullion Company, you will need to open an account. As is usual these days to do that you will need to provide sufficient proof of identity much as you would when opening a bank account.

A form is provided for this purpose on the website or, if you are in Sydney, NSW, Australia, you can call in at their offices in the City (Downtown) between 10am - 4pm, weekdays, for an up to the minute quote.

The Australian Bullion Company also provides a readily available buy-back service, and prides itself on giving the most competitive prices.

Once your account is opened you can buy or sell either at the offices or by phone. In each case, as soon as your order is placed it becomes a legally binding contract. Same day payment via cash or direct deposit to their accounts is required before delivery of the gold or silver bullion is undertaken.

If you’d like to take delivery of your metal, Australian Bullion Company charge a small barring fee will be charged, depending on the size of the bars.

Australian Bullion Company Payment Options
Account holders can simply phone Janie Simpson or Monika Mooney and place an order. It will be held free of charge, until you collect it, or for a small charge, can be shipped to you.

Payment can be by cash, EFTPOS (Electronic Funds Transfer Point of Sale), Visa, MasterCard or Bankcard (+2% fee), or bank or by personal cheque.

Payment is expected to be received on the day of sale. Due to the volatility of the market, Australian Bullion Company do not accept orders through the website.

Last word on the Australian Bullion Company
Although Australian Bullion Company mainly provide Australian gold and silver bullion coins, they also market their own range of jewellery design and promote the corporate concept of innovative and memorable solutions for clients, employees, members, consumers and prizewinners.

They also have an extensive range of diamond and fine jewellery in their catalogue.

If you have bought any gold or silver bullion or even jewellery from www.ausbullion.com.au, please feel free to leave your feedback on the quality of service and products including any www.ausbullion.com.au online complaints and special attention or service given by www.ausbullion.com.au.