Are you ready to switch your silver holdings for gold?

Discussion in 'General Precious Metals Discussion' started by Aurora et luna, Feb 20, 2021 at 11:43 PM.

  1. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    Given that the current gold/silver ratios are approx 1/65, how many stackers here are ready to switch their silver holdings into gold?
    Of more interest for me as I want to swap my silver for gold is how many of you here are prepared to swap their oz of gold for 2 kilos of silver?
     
  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Might not find stackers willing to switch, easier to sell out of silver and buy back into gold in separate transactions. Of course will have to be mindful of the buy/sell spreads. I will start moving mine across at 1:45
     
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  3. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Yeah not closed enough yet. Keep squeezing.
     
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  4. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Think I will wait till we get closer to the 50 to 1 ratio before I get into any serious silver for gold swapping.

    Although, I don't mind doing a bit of swapping even at the present ratios particularly if I can sell the silver for $40 or more per ounce now.

    In the exuberance of stacking when younger, I did not care much about what I was stacking it was all about quantity, not quality, so as a result
    I find myself with a lot of duplicates in silver which I don't mind selling now and converting the fiat into gold or other more numismatic oriented silver.
     
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  5. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Also don't forget CGT if you're using dealer networks.
     
  6. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    I don't think it's going to be that difficult doing such a trade if you live in one of the capital cities!
    Spot for two kilos of silver is $2235
    Retail premiums on a bog standard ABC bar is $86 per kilo
    Spot for 1 oz of gold is $2268
    Retail premiums on a bog standard 1oz ABC gold bar is around $58
    Whoever swaps their gold for silver is going to be much better off!
     
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  7. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    I don't think it will be too difficult now, however once it drops down to 55, 50 or 45; dealers may be your best option!
     
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  8. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    Switch once it gets down to below 50 coz silver will still outperform gold this year imo.
     
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  9. tater

    tater Active Member

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    I'm selling a lot of what I call loose ends right now. US silver Commems, Silver quarters sets etc in hopes to switch to platinum or gold more because I'm tired of storing it.
     
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  10. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    "Tired of storing silver!" You are soon going to be more than just tired if you don't store silver, you are going to be very sorry as well.

    Maybe you need to join the crypto-mania crowd, that will solve your storage problems, and your future financial security as well, if you
    believe that fairy tales never end badly.

    But seriously, if your safe is overflowing with silver just buy another one, (or another 10 if need be ) that will fix the problem and don't worry if your
    handbrake objects, just buy her a nice piece of gold jewellery, that should do the trick.;)
     
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  11. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    The eternal question - Which will have the better upside when things get chaotic as we go into the next 5 years? They certainly have a vast difference when it comes to storage costs!
     
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  12. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    I don't think silver stackers should worry too much about doing silver for gold swaps.
    In the past, I always found it much more difficult to get stackers to swap their silver for gold.
     
  13. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    If the gsr drops any further it will because of a higher silver cost. Good time to get rid of silver shrapnel and buy silver bars to allow for a smoother gsr swap when ready.
     
  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    In the absence of inflation, gold does better while silver does better when there’s commodity inflation. Crisis and chaos can be both inflationary or deflationary so I guess it depends?
     
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  15. dozerz

    dozerz Well-Known Member Silver Stacker

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    where are the gold holders ready to do the silver swaps? seems pretty one sided as always.
     
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  16. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    That is because silver is the poor man's gold and silver stackers strive to amass as much silver as possible and then exchange some of that for gold
    when the exchange rate is more favourable for them to do so.

    Not the same demand from gold holders wanting to swap their gold for silver obviously especially when the ratio is narrowing as it is now.

    And as others have alluded there's also the secure storage factor, much easier to store gold
    than the same value of silver.
     
    Last edited: Feb 21, 2021 at 2:29 PM
  17. dross

    dross Active Member

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    I'll be looking to swap out most of my silver for gold shortly, have been waiting for sub 70/1 for a while as a trigger too start swapping in increments. Nothing to do with which I think will perform better in the future more so the fact my health is not good & my partner would find it a lot easier to deal with, sell, understand etc gold rather then silver. I would have started as i said already however surgery, radiation, chemo & now immunotherapy leaves little time or energy to do anything.

    This is not a tail of woe, simply too broaden the picture, their are many things going on in each of our lives that effect our decision making process. Not right or wrong, better or worst just needs to happen due to.
     
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  18. BiGs

    BiGs Active Member

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    To say this is the GSR low is to say this PM cycle has topped. GSR will always trend down when Gold/PMs trending up. I think you're jumping the gun TBH. I'll be periodically swapping silver while under 50GSR but I think it will get to 40, maybe under 30 TBH. We are seeing big money moving out of USD now. This should only continue this year and next. /my2cents
     
  19. tater

    tater Active Member

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    Sorry to hear that you going through health issues. We been dealing with the surgeries, radiations and chemos in my house with my spouse for 4 years now. It has made me think a lot about how do I make my coin collection and specialty bullion more liquid for my family if I can not sell it and not have them get taken to the cleaners by shady dealers.
     
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  20. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    I never get tired of storing silver. I only get tired of paying the SDB storage fees but the still coming upside of silver price will pay for all that.
     

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