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RE: Lions, Stock Market Updates Plus: Gold, Silver, Dollar, Bonds. By Gregory Mannarino
There are warning signs in the Australian markets too.
Isn't there an astronomical housing bubble in Oz at the moment, that is ready to pop at the smallest event? "Oh no a squirrel farted, shit we are all screwed in negative equity purgatory."
Fortunate for me I don't have any equity tied up in Australia's housing market nor any debt.
I did open a buyers account with The Perth Mint (in Australia) to buy silver bullion directly.
There are a few hoops to jump through to open an account and there are different requirements for Australian citizens and for overseas buyers but well worth the effort IMHO.
I sidestep brokerage fees and they also organise serure shipping of my bullion to my door.
No derivitaves for me.
Do you have to pay VAT(Tax) on silver in Australia?