As part of a Fund’s Investment Strategy, a Fund can invest in precious metals such as gold and silver. It is generally a good practice if Trustees have the invoices for the purchase of metals made out in the name of the SMSF and make sure it’s an allowable investment per the investment strategy.
There are three relatively easy ways to buy gold or get exposure to the gold market:
- buying physical metals from a provider like As Good As Gold Australia, or Perth Mint
- buying Gold Exchange Traded Funds (ETFs) and
- buying shares in Australian gold producing companies.
With providers like As Good As Gold Australia or Perth Mint you can buy gold coins or gold bars and elect to take physical delivery of the bullion or have it stored securely under a custodial arrangement. The Perth Mint is backed by the WA Government. You’ll need to open an account and go through full identification checks – so allow about a week to get an account set up.
One of the providers noted above is As Good As Gold Australia. For more information on the provider as well as the services they offer, please click on the button below:
We may receive commissions from any of the providers noted above.
Make sure your SMSF purchases precious metals for the weight value of the metal. If there is a premium for the metal because it is in coin form, it is classified as collectables under the SIS act. The Tax Office has introduced a set of more stringent rules when investing in collectables and personal use assets. For more info, please see our collectables and personal use assets page.