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Gold & Silver Stocks

Smithys Bullion - FINE GOLD AND SILVER
A while back, due to ATO rules (moving overseas > 2 years), I had to close down my SMSF. So I rolled it over into an ING managed account where you can choose shares.

They really make it difficult to invest in any one sector. They basically try to enforce you to "diversify" by only allowing a maximum allocation of 10% of your total portfolio value into any one share. They also further limit choices to ASX 300 shares.

Despite all their limits I managed to find a few good ETFs and miners, and have literally doubled my superannuation account value in the past year, without making any contributions.

Had I been able to keep my SMSF running, it would have been worth 5 times what my super is now worth. It was heavy in physical Gold and Silver. At the time I ended it, the ATO were making it more and more difficult to hold physical PMs in super, the accountant's fees almost doubled every year, the ATO started charging crippling fees, and my accountant was hinting that the physical PMs need to be physically audited every year.

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Administrator said:
A while back, due to ATO rules (moving overseas > 2 years), I had to close down my SMSF. So I rolled it over into an ING managed account where you can choose shares.

They really make it difficult to invest in any one sector. They basically try to enforce you to "diversify" by only allowing a maximum allocation of 10% of your total portfolio value into any one share. They also further limit choices to ASX 300 shares.

Despite all their limits I managed to find a few good ETFs and miners, and have literally doubled my superannuation account value in the past year, without making any contributions.

Had I been able to keep my SMSF running, it would have been worth 5 times what my super is now worth. It was heavy in physical Gold and Silver. At the time I ended it, the ATO were making it more and more difficult to hold physical PMs in super, the accountant's fees almost doubled every year, the ATO started charging crippling fees, and my accountant was hinting that the physical PMs need to be physically audited every year.

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Given the circumstances, you've done very well.
 
as precious metals are category as HIGH RISK, you should have updated your profile from risk adverse to RISK LOVERS !!!
so that your stratrgy can be super concentrated and stayed FOCUS ;)
 
Administrator said:
A while back, due to ATO rules (moving overseas > 2 years), I had to close down my SMSF. So I rolled it over into an ING managed account where you can choose shares.

They really make it difficult to invest in any one sector. They basically try to enforce you to "diversify" by only allowing a maximum allocation of 10% of your total portfolio value into any one share. They also further limit choices to ASX 300 shares.

Despite all their limits I managed to find a few good ETFs and miners, and have literally doubled my superannuation account value in the past year, without making any contributions.

Had I been able to keep my SMSF running, it would have been worth 5 times what my super is now worth. It was heavy in physical Gold and Silver. At the time I ended it, the ATO were making it more and more difficult to hold physical PMs in super, the accountant's fees almost doubled every year, the ATO started charging crippling fees, and my accountant was hinting that the physical PMs need to be physically audited every year.

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This isn't encouraging to hear as I'm looking to transfer my SMSF holdings in to metals..
Did you hold your SMSF metals privately or in a storage vaulted facility?
In you opinion, for SMSF purposes would it be more practical to keep PMs stored in a serviced vault for ease of auditing and possibly more cost effective?
 
DJE said:
This isn't encouraging to hear as I'm looking to transfer my SMSF holdings in to metals..
Did you hold your SMSF metals privately or in a storage vaulted facility?
In you opinion, for SMSF purposes would it be more practical to keep PMs stored in a serviced vault for ease of auditing and possibly more cost effective?
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Held privately in Guardian Vaults (Sydney).

I'm not even sure how a physical audit would go as the vaults normally won't allow additional people in the secured area. Not to mention the costs? I got an ATO audit one year. They wanted me to provide them with "serial numbers" and a complete description of each piece of bullion. I was able to provide the numbers for some of the silver bars but obviously Perth Mint gold coins didn't have any. I ended up supplying them with a photograph of them on a recent newspaper.

My accountant was raising their SMSF tax return / audit fees every year. My PM allocations didn't really change from year to year and they were literally just copying the previous years, and sometimes they even missed changing the year in a few places. One year the audit price doubled, and they couldn't give a reason. Even with the ever-increasing fees, I got the feeling they didn't want me as a customer.

But all that wasn't the main reason I closed it, it was due to failing the residency test (trustee being overseas for 2+ years). I could have said I was still an Australian resident, but that would have kept me on the hook for Australian income taxes.
 
Administrator said:
Held privately in Guardian Vaults (Sydney).

I'm not even sure how a physical audit would go as the vaults normally won't allow additional people in the secured area. Not to mention the costs? I got an ATO audit one year. They wanted me to provide them with "serial numbers" and a complete description of each piece of bullion. I was able to provide the numbers for some of the silver bars but obviously Perth Mint gold coins didn't have any. I ended up supplying them with a photograph of them on a recent newspaper.

My accountant was raising their SMSF tax return / audit fees every year. My PM allocations didn't really change from year to year and they were literally just copying the previous years, and sometimes they even missed changing the year in a few places. One year the audit price doubled, and they couldn't give a reason. Even with the ever-increasing fees, I got the feeling they didn't want me as a customer.

But all that wasn't the main reason I closed it, it was due to failing the residency test (trustee being overseas for 2+ years). I could have said I was still an Australian resident, but that would have kept me on the hook for Australian income taxes.
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The sole focus of the " Parasite " ( Government :devilish: ) Is to find new& increasingly complex ways to suck more & more money out of the Publics pockets.

Great example is ur case. When u find ways to minimize their taxation ( of your already, previously taxed money ), they just ramp up the Regulations around compliance & make it so difficult/time consuming/costly that eventually u are pushed/forced into higher taxation regimes.

Government is like any organism ( think of Politicians/ Bureaucrats as cells in a living organism ) it's basic drive is to Feed & Grow. They are the Parasite & the Public is the host. But they eventually can't control their expansion & their host ( the Public ) eventually weakens. A choice is needed ! Revolution or Collapse.

Look at the USA. Their Parasite is so Large that it knows it's killing it's host, but to prolong it's time, it's Parasiting on the Global Host for over $2 TRILLION / year. At some point the Hosts will be bleed so far that Revaluation/Collapse/Default/War will happen.

Just a matter of time & the " EVENT " that kicks it off.
 
With the large fall in the silver price, I'm expecting Silver Mines ASX SVL to fall hard tomorrow morning. I'll be watching it with the potential of buying some shares if they overshoot to the low side!
 
ozcopper said:
With the large fall in the silver price, I'm expecting Silver Mines ASX SVL to fall hard tomorrow morning. I'll be watching it with the potential of buying some shares if they overshoot to the low side!
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Pure luck, but literally a day before it crashed, I sold a few of my SLV and gold shares in my super to free up some cash to buy copper miners. I'll be looking to buy this coming week.
 
Watch the Dead Cat Bounce guys! No data on this massive Grizzly Bear Manipulated by JP. DYODD but I think they want it lower.

  • Short-Term Dead Cat Bounce Target (February 2–4, 2026): Expect a potential oversold relief rally early week (Monday–Wednesday) as trading commences, targeting A$130–A$135 per oz. This could be the "bounce" from current ~A$122.62, drawing in buyers before failing—sell or short near here if momentum fades.
  • Near-Term Fib Support Test (February 5–10, 2026): If the bounce fails, look for a drop to the 50% Fib retracement at ~A$109.59 per oz. This is a psychological midpoint—possible buy entry if it holds, but breach could accelerate lower.
  • Deeper Correction Target (February 11–20, 2026): Continuation of downtrend post-bounce, targeting the 61.8% "golden" Fib at ~A$94.90 per oz. Strong support under A$100—attractive for dip-buyers if oversold conditions persist, assuming fundamentals (supply deficits) remain intact.
  • Extreme Pullback Scenario (Late February–Early March 2026): Worst-case extension to 78.6% Fib at ~A$73.90 per oz. This would be capitulation territory under A$100—high-risk buy only if reversal signals (e.g., volume spike) emerge, but could mark the bottom before resumption.
 
As above.
Silver grinds lower into the weekend/thin Friday close, likely testing $100–$105 AUD soon (breach accelerates to $94.90 Fib zone next week). Dead cat bounce exhausted—capitulation leg incoming before oversold rebound. Dip-buy setup if it hits sub-$100; fundamentals hold for eventual recovery, but near-term pain first.

Guys be very careful.
The longs got smashed, some will never return, those who survived the massive crash, are trying to recoup losses and when getting close to their targets will dump and get out and be on the sidelines watching (scared)

Nothing has changed; the fundamentals are the same for the silver market.

Paper silver might be the trade, quick in and out; keep your physical stack tight; no time for leverage on paper; be very careful and DYODD.

Best to all. (Not financial advice; just thinking aloud and sharing)
 
Fast yes, but system can mulfunction
Traping Chinese speculators in the $50 crash.
They all disapperared. With over loss.
 
Holdfast said:
As above.
Silver grinds lower into the weekend/thin Friday close, likely testing $100–$105 AUD soon (breach accelerates to $94.90 Fib zone next week). Dead cat bounce exhausted—capitulation leg incoming before oversold rebound. Dip-buy setup if it hits sub-$100; fundamentals hold for eventual recovery, but near-term pain first.

Guys be very careful.
The longs got smashed, some will never return, those who survived the massive crash, are trying to recoup losses and when getting close to their targets will dump and get out and be on the sidelines watching (scared)

Nothing has changed; the fundamentals are the same for the silver market.

Paper silver might be the trade, quick in and out; keep your physical stack tight; no time for leverage on paper; be very careful and DYODD.

Best to all. (Not financial advice; just thinking aloud and sharing)
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I don't know how much paper trading can impact the physical situation right now. Long-term paper shenanigans in a physical deficit market are just going to harm the price discovery authority of the COMEX. With such a large discrepancy between SGE and COMEX prices we'll inevitably see metal being drained and sent abroad.

I actually question if this was a play from China all along: Drive silver prices up, wait for market intervention, create a large enough price discrepancy to draw attention to SGE, capture the silver and sit back and watch the COMEX be dethroned.

Silver is by far the most viable option to make something like this happen. The moment faith in the COMEX is lost with pricing silver, the credibility of the COMEX as a whole begins to erode. Silver could be the untreated rust that turns the COMEX into scrap. A genius play.

Let the games begin!...

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