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ABC Bullion Review
At our Martin Place office, we are committed to delivering exceptional service, as demonstrated by a recent experience. Our team member, Dylan, exemplified this commitment through his outstanding support in setting up a new account for a client. Dylan efficiently facilitated the process by escorting the client to a private room to finalize the buy-back rate, completing the transaction within 30 minutes and highlighting our dedication to prompt and efficient service. Additionally, despite the website indicating a 2-day processing time for bank transfers, the funds were deposited into the client's account the following morning, underscoring our focus on exceeding client expectations. Thank you to Dylan and our team for their exceptional efforts. This level of service truly exemplifies our commitment to providing outstanding customer experiences.
About ABC Bullion
ABC Bullion is a well-regarded precious metals trading and investment company based in Australia. It specializes in the buying, selling, and storage of gold, silver, and other precious metals.
Pros & Cons
Protection Against Market Downturns
Gold can be a safe-haven asset. Investors often buy gold to protect their savings during market crashes. For example, the price of gold increased by more than 100% between 2008 and 2012, during the height of the financial crisis. As nearly all other assets lost value, demand for gold grew due to its reputation for safety.
Does Not Generate Income
Gold does not provide a stream of income. The only way to make money is through price appreciation. Unlike stocks (which can earn dividends), bonds (which can earn interest), or investment real estate (which can earn rent), gold offers no additional income.
Inflation Hedge
When inflation is high, the dollar’s purchasing power decreases, requiring more dollars to buy the same amount of goods. During high inflation periods, the dollar price of gold may increase, delivering higher returns to investors. Increased demand for gold can occur as people move their cash into physical assets to protect against inflation losses.
Extra Costs
Owning and storing gold can incur additional expenses. Costs may include transportation, insurance against theft, and fees for bank safety deposit boxes or gold vault services. These costs can reduce your overall return on investment.
Extra Portfolio Diversification
Portfolio diversification involves spreading investments across various assets to minimize losses, as it’s unlikely that every asset will be affected by the same market conditions. Adding gold to your portfolio, in addition to traditional stocks and bonds, can further enhance diversification.
Higher Taxes on Physical Gold
Selling physical gold for a profit incurs capital gains taxes, which can be up to 28%. This is higher compared to the long-term capital gains rate for stocks, bonds, and other market investments, which is up to 20% and often 15% for most investors.
Key Features
Build Your Savings with Physical Gold and Silver
The ABC Bullion Gold Saver is the perfect choice to build up your savings by purchasing physical gold and silver.
Transform Deposits into Precious Metals
An Australian first physical bullion accumulation plan the ABC Bullion Gold Saver positions physical gold and silver as regular savings assets alongside a traditional bank account.
A Modern Savings Solution
The ABC Bullion Gold Saver is akin to a savings bank account where you deposit monies each week fortnight or month an amount that is transformed on each deposit into gold or silver or both – you can choose.
Customer Service at ABC Bullion
You can contact ABC Bullion at 1300 361 261 or +61 2 9231 4511, and send faxes to +61 2 9233 2227. For email inquiries, reach out to comms@abcbullion.com. They are located at 38 Martin Place, Sydney NSW 2000, Australia, with a mailing address at GPO Box 2435, Sydney NSW 2001. Their in-store trading hours are Monday to Friday from 8:30 AM to 5:00 PM, and Saturday from 10:00 AM to 3:00 PM. Phone support is available Monday to Friday from 8:30 AM to 6:00 PM.
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