We agree wholeheartedly with "if you don't hold it, you don't own it". But some don't want to physically hold it themselves for their own reasons, but still want to know they have exposure to real metal that really belongs to them. As a business, it would be foolish not to cater to those people needs.
@@BullionNow Except with unallocated, the customer is effectively doing nothing but providing a loan to you and that they become unsecured creditirs with a claim to an asset that is not in their name right?
I'm new here... but I believe in Bullion Now and have purchased a few grams of platinum..... Thank you for offering this service...... Greatly appreciated... Your Canadian brother in South Korea....
Part Two 7:06 - sales@bullionnow.com.au - www.bullionnow.com.au TH-cam: bit.ly/2RJ1FxC (for SUBSCRIBER ONLY deals) INSTAGRAM: bit.ly/2BysCKz (for FOLLOWER ONLY deals) TWITTER: twitter.com/BullionNow MAILING LIST: Email sales@bullionnow.com.au with subject line "mailing list".
Will the premium not be increased by yourselves as the spot value goes up over time? Do you agree a fixed premium at time of allocation('un-allocation')?
Lots of things change the premium component of a product. Sometimes (like in a lot of Perth Mint Gold Coins) the premium is a % of spot so that increases and decreases as spot moves up and down. Bars (usually) are a fixed price above spot so they don't vary much no matter what spot does. However many other things can change premiums including availabily of a product (this could be a video all it's own), collectability, freight charges, etc etc.
Doing this is buying an idea. Im here to buy gold not an idea. Buying and physically owning gold is trust in mother nature. Anything else is putting your trust into something else.
We agree wholeheartedly with "if you don't hold it, you don't own it". But some don't want to physically hold it themselves for their own reasons, but still want to know they have exposure to real metal that really belongs to them. As a business, it would be foolish not to cater to those people needs.
Okay, I want to clarify something to make sure I have the gist of how unallocated gold works. Please do not refer me back to the video. If I buy 5 grams at a spot price of $80 and then another $5 grams at a spot price of $100, then the spot price increases to $120 a gram. So my physical investment was $900 and that 10 gram of gold is now worth $1200 What you have said is I only pay the premium which is $1 per gram. So, it would cost me $10 (?) and my investment would be worth $1190. Is that correct? I appreciate that you back the unallocated with physical gold.... and that is kept in your safe. Is that gold in your safe insured against theft? Do I contribute an amount from my investment outlay toward that insurance? If for example, something happened to your business and it went into administration.... would that unallocated gold in your safe belong to your company and seized by the administration to pay your creditors...... or would separate to your assets.... and belong to the people that paid for it? My last question is can I at some stage convert my unallocated gold into allocated gold, and what cost effect does this create?
I get the "if you dont hold it you dont own it" but this is a really good thing to get gold at todays spot price and not having to buy a boring kangaroo as thats the only thing available, but can hold off and get a new release down the track. Love it and will use this thanks guys
Hi Guys. How do we know you are physically allocating the metal into storage? I understand the process excepting at the end of the day and someone opens the vault and it isn't there how does one risk off?
@@BullionNow Are those audit results published? Im not suggesting you do it however 365 days is potentially a long time if a company wasn't allocating into the vault appropriately. I'll do a bit of research and see what other unallocated organisations do to cover off this risk. Thanks for your reply.
hey i’m looking at buying some unallocated silver, i’m planning on later on redeeming it for physical bullion but i live in nsw , can i do that on the website or do i have to call up what’s the process?
Hi Guys, great videos i'm learning a lot here. Just a question on the unallocated program. Once i've created an account and decided to buy Unallocated Gold - 1g at the spot price (currently $77.60) and build towards 1oz AND If the next day I decide to 10g. Am i correct in saying because i've locked in the spot price at $77.60 how does the system know the next day or time i purchase through my account i've locked in a specified spot price?
The other advantage buying unallocated gold or silver is you can buy as little as you can afford ie 1 gram of gold - buy when you can afford and build upto a 10gram bar of gold if you want -brilliant!
Hay guys..love your work. My question: I want to buy into unallocated gold, if I buy 10 grams unallocated then want to take delivery do I need to pay premium on each gram?
Hi D.T, you pay the premium on whatever bar or coin you are redeeming. For example if you redeem your 10g unallocated for a 10g gold bar... and the premium over spot we charge Is for example $30, you just pay the $30.
@@BullionNow so I recently bought some gold grams unallocated, In the future when I redeem for the physical gram bars how much over spot do you charge?
@@silverslaya It depends on the size and brand. It's not a flat fee for any choice. Best idea is to call us on 1300 848 410 and we can go through it with you.
Thanks for the great explanation! Sorry for the tricky question: in the event of gold or silver confiscation (by the Australian Government), do you have a plan for what would occur regarding ownership or settlement of unallocated metal?
Yes we do but that would be a much larger conversation that in the comments section of TH-cam. Contact us at sales@bullionnow.com.au or 1300 84 84 10 and we can talk further.
I don’t understand premium if an item is worth $40 then it’s worth $40 why would I pay $60 for something worth $40 I’m starting at a loss and the chances I’ll make that money back is iffy especially with the premiums charged for gold if I buy $1700 spot price gold premium right now is around $2300 for that $1700 worth of gold that’s higher then gold has ever gotten so why would I pay that I want to know where I can buy gold at spot and physically have it in my hand I don’t believe in collector coins I just want metal I don’t care if it’s in sheets or in bricks or in shavings I don’t want to pay extra just because someone put a stamp on it
Hi BN, got a serious question on your 1 oz and 1 kg unallocated Silver. What happens is Silver goes over AUD$100, the online store has zero inventory in 1 oz and 1 kg sizes. How would the unallocated take possession in physical when that happens? Is there really 1kg and 1oz generic silver bars and coins for every unallocated silver in your safe (That will never be put for sale as long as there is unallocated position against them) sold on your website, so as a last resort if all products available for sale is sold out, people can still pay premiums to take physical possession of these generic 1kg and 1oz silver in your safe?
Yes! You purchase what you want from the website and then redeem your Unallocated for it. You pay the difference between spot price and the retail price.
So, this sounds pretty much like what Craig Rhyne was doing back in the 90's and he ended up in prison for fraud. I'm a little shocked that you guys would even offer this as a server. You're basically timesharing precious metals. "Send us money, so we'll have the capital to purchase gold/silver and then we'll hold it for you." I noticed the generic response y'all were using to reply to people in the comments section. SMH.
Wow it’s really low of you to say something like that to some really dedicated people that are putting out videos every single day and constantly trying to improve their business
If you don't hold it, you don't own it...!!
We agree wholeheartedly with "if you don't hold it, you don't own it". But some don't want to physically hold it themselves for their own reasons, but still want to know they have exposure to real metal that really belongs to them. As a business, it would be foolish not to cater to those people needs.
@@BullionNow Except with unallocated, the customer is effectively doing nothing but providing a loan to you and that they become unsecured creditirs with a claim to an asset that is not in their name right?
I'm new here... but I believe in Bullion Now and have purchased a few grams of platinum..... Thank you for offering this service...... Greatly appreciated... Your Canadian brother in South Korea....
Part Two 7:06 - sales@bullionnow.com.au - www.bullionnow.com.au
TH-cam: bit.ly/2RJ1FxC (for SUBSCRIBER ONLY deals)
INSTAGRAM: bit.ly/2BysCKz (for FOLLOWER ONLY deals)
TWITTER: twitter.com/BullionNow
MAILING LIST: Email sales@bullionnow.com.au with subject line "mailing list".
Will the premium not be increased by yourselves as the spot value goes up over time? Do you agree a fixed premium at time of allocation('un-allocation')?
Lots of things change the premium component of a product. Sometimes (like in a lot of Perth Mint Gold Coins) the premium is a % of spot so that increases and decreases as spot moves up and down. Bars (usually) are a fixed price above spot so they don't vary much no matter what spot does. However many other things can change premiums including availabily of a product (this could be a video all it's own), collectability, freight charges, etc etc.
Doing this is buying an idea. Im here to buy gold not an idea. Buying and physically owning gold is trust in mother nature. Anything else is putting your trust into something else.
We agree wholeheartedly with "if you don't hold it, you don't own it". But some don't want to physically hold it themselves for their own reasons, but still want to know they have exposure to real metal that really belongs to them. As a business, it would be foolish not to cater to those people needs.
Okay, I want to clarify something to make sure I have the gist of how unallocated gold works. Please do not refer me back to the video.
If I buy 5 grams at a spot price of $80 and then another $5 grams at a spot price of $100, then the spot price increases to $120 a gram.
So my physical investment was $900 and that 10 gram of gold is now worth $1200
What you have said is I only pay the premium which is $1 per gram. So, it would cost me $10 (?) and my investment would be worth $1190. Is that correct?
I appreciate that you back the unallocated with physical gold.... and that is kept in your safe.
Is that gold in your safe insured against theft?
Do I contribute an amount from my investment outlay toward that insurance?
If for example, something happened to your business and it went into administration.... would that unallocated gold in your safe belong to your company and seized by the administration to pay your creditors...... or would separate to your assets.... and belong to the people that paid for it?
My last question is can I at some stage convert my unallocated gold into allocated gold, and what cost effect does this create?
I get the "if you dont hold it you dont own it" but this is a really good thing to get gold at todays spot price and not having to buy a boring kangaroo as thats the only thing available, but can hold off and get a new release down the track. Love it and will use this thanks guys
We agree, thanks Jason!
Hi guys do you have a outlet in Brisbane? Thanks.
Don’t buy in allocated...buy physical gold and silver and take physical possession...pay the premium...it’s insurance
Hi Guys. How do we know you are physically allocating the metal into storage? I understand the process excepting at the end of the day and someone opens the vault and it isn't there how does one risk off?
We are independently audited every year.
@@BullionNow Are those audit results published? Im not suggesting you do it however 365 days is potentially a long time if a company wasn't allocating into the vault appropriately. I'll do a bit of research and see what other unallocated organisations do to cover off this risk. Thanks for your reply.
hey i’m looking at buying some unallocated silver, i’m planning on later on redeeming it for physical bullion but i live in nsw , can i do that on the website or do i have to call up what’s the process?
Great video .
Do you have a branch in Sydney ?
Hi Guys, great videos i'm learning a lot here. Just a question on the unallocated program. Once i've created an account and decided to buy Unallocated Gold - 1g at the spot price (currently $77.60) and build towards 1oz AND If the next day I decide to 10g. Am i correct in saying because i've locked in the spot price at $77.60 how does the system know the next day or time i purchase through my account i've locked in a specified spot price?
Wouldn’t the gold just melt in a house fire then re solidify in a puddle shape but it’s still gold right ? You could just re melt it int a bar shape .
Absolutely!
@@BullionNow are you guys in Adelaide now ?
The other advantage buying unallocated gold or silver is you can buy as little as you can afford ie 1 gram of gold - buy when you can afford and build upto a 10gram bar of gold if you want -brilliant!
Exactly!
But can you sell your portion of the pool without the need to convert it to physical metal?
Yes, you can sell a portion or all of your unallocated for fiat currency.
Hay guys..love your work.
My question: I want to buy into unallocated gold, if I buy 10 grams unallocated then want to take delivery do I need to pay premium on each gram?
Hi D.T, you pay the premium on whatever bar or coin you are redeeming. For example if you redeem your 10g unallocated for a 10g gold bar... and the premium over spot we charge Is for example $30, you just pay the $30.
@@BullionNow so I recently bought some gold grams unallocated, In the future when I redeem for the physical gram bars how much over spot do you charge?
@@silverslaya It depends on the size and brand. It's not a flat fee for any choice. Best idea is to call us on 1300 848 410 and we can go through it with you.
@@BullionNow will do
Thanks for the great explanation! Sorry for the tricky question: in the event of gold or silver confiscation (by the Australian Government), do you have a plan for what would occur regarding ownership or settlement of unallocated metal?
Yes we do but that would be a much larger conversation that in the comments section of TH-cam. Contact us at sales@bullionnow.com.au or 1300 84 84 10 and we can talk further.
I don’t understand premium if an item is worth $40 then it’s worth $40 why would I pay $60 for something worth $40 I’m starting at a loss and the chances I’ll make that money back is iffy especially with the premiums charged for gold if I buy $1700 spot price gold premium right now is around $2300 for that $1700 worth of gold that’s higher then gold has ever gotten so why would I pay that I want to know where I can buy gold at spot and physically have it in my hand I don’t believe in collector coins I just want metal I don’t care if it’s in sheets or in bricks or in shavings I don’t want to pay extra just because someone put a stamp on it
Hi BN, got a serious question on your 1 oz and 1 kg unallocated Silver. What happens is Silver goes over AUD$100, the online store has zero inventory in 1 oz and 1 kg sizes. How would the unallocated take possession in physical when that happens?
Is there really 1kg and 1oz generic silver bars and coins for every unallocated silver in your safe (That will never be put for sale as long as there is unallocated position against them) sold on your website, so as a last resort if all products available for sale is sold out, people can still pay premiums to take physical possession of these generic 1kg and 1oz silver in your safe?
Great questions :) The video we're releasing in a few hours should answer those for you.
Great video guys - I’m sold and have bought gold & silver in the unallocated program - brilliant!
Fantastic!
Do you still have unallocated. What if I live out of your country?
Good luck it’s a buyers market at the moment
Is there an option to ever recieve it?
Yes! You purchase what you want from the website and then redeem your Unallocated for it. You pay the difference between spot price and the retail price.
What if you give me the gold and I hold your money
You mean like a vaulting service? 😉
I rather hold my gold instead
And thats cool too! :)
Look how thin Michael is 😘
LOL selling paper
Literally the opposite.
So, this sounds pretty much like what Craig Rhyne was doing back in the 90's and he ended up in prison for fraud. I'm a little shocked that you guys would even offer this as a server. You're basically timesharing precious metals. "Send us money, so we'll have the capital to purchase gold/silver and then we'll hold it for you." I noticed the generic response y'all were using to reply to people in the comments section. SMH.
Wow it’s really low of you to say something like that to some really dedicated people that are putting out videos every single day and constantly trying to improve their business