Discussion in 'General Precious Metals Discussion' started by slavaja, Jan 19, 2020.
If you had to sell today, would you still gold or sell silver?
Sell silver ,buy platinum....
If I have unallocated silver or gold I sell that, otherwise I sell physical silver and then physical gold.
What will you do with cash?...
pay whatever bill I had to sell the paper metals for. I would never sell just for the cash.
Every week I put a quarter of my salary into unallocated and use the rest for living expenses.
-Unexpected bill: sell unallocated and pay it
-Unallocated reaches my threshold (1oz for Gold, 10Oz for Silver): Convert to Physical retrieve it.
I use unallocated like a metal backed savings account.
Anything from my salary that was extra at the end of the week either used to buy physical or put into unallocated.
Just thinking because will have to sell something not sure if should sell gold or silver
I always opt for silver.
I would sell gold if I need cash quick. I plan to do that if there’s a stock market crash and want to buy stock or property. Silver is for long term or moonshot which I’ll sell off progressively. I don’t plan to sell any silver below $50.
Most of the time-if you've got excess of rare silver panda for example- just sell gold bars...
I think it depends on your own stack structure. Are you heavy on silver or gold? For me personally, I’m verrrrry heavy on silver compared to gold, so I’ve been selling larger silver bars to convert into both gold (to make my GSR a little more reasonable than it is now) and platinum because I’ve been on the record as a platinum bull and we’re starting to see it come to fruition.
I just it harder personally as well to sell my gold, because it’s always more intrinsically valued compared to silver.
G/S stack ratio is probably 1:10
A lot more reasonable than my ratio of approx 1:270
In most cases, if you need to sell for a quick minute then silver is the way to go. Lower price point means more chances of finding a buyer (in theory of course). I’d only sell gold if there’s a window for profit and you have a plan on sending that cash to another opportunity, or you’re in dire straits and already depleted your emergency fund. My gold stack is for the long (30-40 year +) haul.
Gold is my long term thing. Nothing beats it. The saying doesn’t go “as good as silver” at the end of the day!
In $$$ terms I have near equal amounts in both gold and silver. I would sell the silver first if it was me.
I would sell silver first as it is easier to buy back.
It's the other way around here in Singapore. One can buy 1 oz gold bars at or 0.5% over spot from the secondary market but for silver even kilobars are 6% premium or higher.
Why? Is so much gold in Singapore compare to silver?...
There’s very little silver on private hands in Singapore. People don’t generally buy silver in south east Asia. I’ve never seen a silver bar before I got interested in precious metals. Singapore is 99.9% gold, unlike in India where silver is traded.
Just as Australians would sell silver for cash, people here would sell or pawn gold for cash. There’s even a bank here that sells and buys bank issued gold bars at a very low spread.
Smart strategy. The only thing I would suggest is that, say, $2,000 to $3,000 cash on hand will cover almost any short term bill/debt and saves you both premium %, and, for what it's worth, capital gains tax issues which I expect is tracked in some way.
I operate on 6 months total expenses in secure cash, my cash on hand is equivalent of a month's total expenses, and the balance of savings is in vaulted physical.
I wouldnt sell either and I wouldnt get myself into a position like that haha. It's part of my strategy to hold until the time is right whether its 2 weeks away or 20 years away.
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