Monthly Archives: November 2016

Can an SMSF have a ‘pot of gold’ as an investment

Can an SMSF have a ‘pot of gold’ as an investment?

Whether it’s for diversifying the investment pool or even for the trustees fearing the next financial ‘doomsday’ event, a common question we get asked at Superfund Partners is “can an SMSF buy gold? And are there any rules we need to be aware of?”.

In short, yes and yes!

The first thing to consider is what type of gold we are analysing; are they collectable gold coins or bullion bars?  For the purpose of our blog, we look at bullion bars. Please refer to ‘collectable rules’ via the ATO website for more details on collectables.

 

Gold bullion bars

Since they are not defined as a collectable, when an SMSF buys bullion bars, the key issues to consider are as follows;

 

  1. Where will it be stored?

    • Whilst there are no specific rules around this, it’s the trustee’s responsibility to make sure the gold assets are securely protected.