Gold Price

What is today's gold price in Australia? Is it worth buying gold bullion?

https://www.melbournegoldcompany.com.au/gold-price-aud.php


cheers moredeep

What is it? Is it authentic site to check prices?

It's as authentic as it gets Harrylena, for the above gold price site has been validated.
All members have a right to their opinions (in way of investments), as long as those opinions do not turn to recommendations, on what & where people should be investing their money on or in, then it's all good by me.

Kon

Just to clarify Kon ,it wasn't the business I was highlighting just giving an example of the gold price.
I suppose a simple google search would have answered Harrylena's question? All good


cheers moredeep

No problem & clarification fully understood moredeep, all good.  
What I were referring to (as a general rule) is that no member on here should be recommending to another on what & where a person should be investing their money on, such that of cryptocurrencies etc, which unfortunately have taken a turn for the worse lately, leaving many an investor high & dry so to speak

Kon  

By searching on google many brands come, with prices. I just asked here so that different people can share experience of gold investment.

All good Harrylena. I think I might have wrongly phrased my comments in a manner causing them to be misunderstood.
You can ask opinions from others on here who have invested in gold nuggets or gold bullion as to what their experiences from such are or were (if they're willing to share such knowledge) but as always, the final decision on what & where to invest your hard earned on, falls strictly with the investor.
The key to investing for profit is research & even more thorough research before investing, yet even this cant save one from an unprecedented, unpredictable future event, that may occur somewhere down the track.

Kon

Thankyou
Yes, its one's own decision to invest in something. Proper research is needed before investing.

A few tips that may keep you out of trouble
Gold is close to it best price. Some say buy low sell high.
Divide the Buy Back Price by the Purchase Price that will tell you how much gold has to increase to break even.  Also note that transaction of gold or other articles above $10,000 have to be seen by the Tax Man. At the moment that is less than 4 ounces of gold. Note Tungsten has a very close specific gravity to gold and there is fake gold in circulation.

Thank you for this information. Yes I am seeing the rise and fall in prices of gold in gold market.

Harrylena wrote:What is today's gold price in Australia? Is it worth buying gold bullion?

Gold is a long term investment proposition.
If you want to buy gold for investment and you are an average person living payday to payday    (not a millionaire) then only spend/invest what you can afford to loose....Not many of us can say they have enough money that they can toss a bit of it away.

If you have plenty of money to invest then you can buy and sell gold almost instantly by following the market rises and falls....A good way of getting grey hairs and headaches.

Approx 70% of gold goes into jewellery manufacturing, the rest is in the electronics and space industry.  At present money is tight and people are not blowing their cash on jewellery as much as they used to.

Have a read of this:
https://www.firstlinks.com.au/gold-and-inflation-what-history-tells-us

Yes, I know this. There are no even conditions under which to invest. I am also not wealthy enough to invest large sums. But I have plans for this in the near future.