Friday's gold run up means the GSR is now 57.1. Silver is looking a better buy all the time if you've got enough gold. I personally doubt I will be accumulating any more gold while the GSR is over 60.
I don't have much gold but the gold I do have I got by swapping silver at 51:1. I wouldn't mind swapping it back to get more silver.
Not sure I understand the question - the GSR is a straightforward way of comparing the relative value of gold and silver to each other. While the "big picture" undervalued/overvalued ratio game is precious metal vs real estate, land or stocks, the GSR provides opportunity to increase metal holdings on the way up. I was mostly a silver buyer when the ratio was in the 80-60 range, swapped a lot for gold from 55 down to 40. I'm still in accumulation mode, so while the GSR is ~60 or higher, I'm a silverbug - while the GSR is under 50, a goldbug. Swap metal for metal when it's profitable (in ounces) to do so.
IMO the same investment demand that will drive gold to new highs will continue to affect silver in a positive fashion - I'm not concerned about the GSR going to 100 or beyond and staying there.
Ive been curious with trying to do a gsr swap and how to do it effectively? Have seen a few people on here trying to do the trades but not see many publically accepted offers. I imagine it would be hard to do with coins with premiums and working out a fair trade. Those that have done a few GSR trades care to share how they went about it? And what you would trade for now? Or is it just best to do silver bars for a gold 1 oz blob?
I haven't read any reports of silver being considered as a Tier 1 asset. :/ But I guess it's still got its place. Wires, batteries, pigments, trinkets in market day stalls and coins for poor people.
Quite hard to do. I've done a couple of GSR trades. Hardest part is factoring in the extra premium on spot for individual silver coins when swapping for gold. Not as simple as a GSR of 57:1 equating to 57 silver coins/rounds = 1 gold "blob". The seller of the silver would certainly be missing out on 57 x each silver coins premium. For me (only my opinion at the moment) and in answer to your question "what you would trade for now", I would be comfortable with a swap of 52 x silver 1 oz coins/rounds for 1 oz of gold (in any form).
Are you looking for a bite? Wires? Batteries? Pigments? Trinkets ...for poor people? On a serious note, what about silver in the health industry?
We did a multi-thousand ounce GSR swap of physical silver for physical gold for a Gold Stackers client the other day. Basically cost them a couple of percent. Have also done it on a smaller scale for unallocated clients. Helped that the client had their silver with us, it was basically a phone transaction for them.
Thanks GP. I was providing an answer to Nedsnotdeads post and an opinion as a "small player" having made a couple of GSR swaps here on SS.
Somewhat agree, the GSR is a measure of the price, where as the stacker needs to be across the fundamentals also.
Edit to add: @lucky luke not you Hiho Mate, are you going to troll EVERYTHING I say? Every one of the uses for silver I listed are real and serious. The coin comment was tongue in cheek, but yet again, you missed the point. Gold is being considered as a Tier 1 asset for banks. I think with the price of gold as it currently is, it is an ideal opportunity for people to purchase something banks will increasingly be hoarding in the future. Gold can save our financial system, silver cannot. Now piss off and annoy someone else, you give me the irrits.
Appears your mighty overly sensitive to anything that implies criticism to your posts. My addition of silver in the medical industry was a legitimate comment added to your "tongue in cheek" response about poor people. Guess you'd better get your tongue out of your cheek if you don't want responses questioning your credibility. As for "piss off and annoy someone else", perhaps you should reread the forum guidelines on posting etiquette. Have a nice day.
I like my silver trinkets and coins, I suspect they will do better than gold even if a depression hits.
