Gold/silver ratio

Discussion in 'Silver' started by openeyes, Aug 27, 2019.

  1. alor

    alor Well-Known Member Silver Stacker

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    $2,708.30 1oz gold / 1,278.10 kilo silver
    close to 68
     
  2. Ronnington

    Ronnington Member

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    Suppose it depends on your currency exchange rate and your cheapest local dealer

    Here in NZ the best/cheapest dealer to me is selling at Gold NZ$2,980.56 per oz to Silver NZ$48.24 per oz which is 61:1
     
  3. Tokyo

    Tokyo Active Member

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    Cheapest would be just around 66-67 over here with premium
     
  4. alor

    alor Well-Known Member Silver Stacker

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    use the kilo bar or 100oz bar to measure, we deals in fiats
     
  5. Ronnington

    Ronnington Member

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    comes out at 65 then for me

    but why would you do that unless you're going to buy 1kg Gold bars?

    1oz to 1oz seems more logical to me
     
  6. alor

    alor Well-Known Member Silver Stacker

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    1oz in silver is just premium, so not comparing metal prices
    when you take out silver to sell, usually at a discount/or spot+
    I used to look at 100oz as a guide for silver price, usually just buying the kilo
    as for gold, the smaller ones are premium+, so its best to compared the 100g gold bar, but we need to use the 15kg silver etc to compare
    we can compare 1kg gold and 1000 oz silver bars, but we don't actually trade them, its not what we deal in

    $3k in gold compared to $3k in silver
    we can use the money to by gold or silver
     

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