Discussion in 'Silver' started by Dolly123, Jun 14, 2018.
$23 / oz overnight!
GSR back down to 75.6 was over 80 a month ago
Well that was fun while it lasted.
US dollar bounce over the tariff nonsense.
GSR is the only spurious tool left for metal pumpers to suck new people into buying silver.
If you say so mate. If you can increase your gold position by 5% in a month and a half.....would you?
So 5% in 6 weeks you say?
I would love for you to fill us in on how this was done.
Buy silver when ratio is at 80 sell it when it is at 75 take money you made and buy gold...is that now how it works???
Did you do that or just do it on paper?
Let’s say at a GSR of 80 gold is $1600 and silver is $20. At a GSR of 75 gold is $1500 and silver is $20. So you’ve made $100. But that assumes that the premium on both products is the same when selling gold and buying silver and doesn’t take into consideration delivery charges or if your doing face to face time and other costs.
Depends what deals you get whilst the silver price is at 80 mate. I picked up 12 1kg bars at $650 a piece last month. The GSR is only an indicator of when to buy good deals. I didnt mean mathematically
Just like mining gold from seawater, many things work in theory but isn't worth doing practically.
Well my sdb says its working. Hahahaha.
Screenshot_20180616-173646_Gold & Silver by Dolly123 posted Jun 16, 2018 at 5:40 PM
Metal dealers make their money from the premium over spot price when selling and spot minus when buying. That is why they are paying all those talking heads & report writers to brainwash simpletons to 'trade the GSR swap'. Sales has been so dismal that if things don't improve fast many dealers will go belly up soon. With each swap you lose big esp on the ridiculous high premium with silver.
Buy and sell at your own pace. If you can average $300 a month you are doing well. Thats aside from the collector bars i keep. Thats $3500 a yr over say 20 yrs when i retire thats 70k. TAX FREE. depending on how you operate. Which means thats worth about 125k that you would have had to have earnt. Slowly slowly catch the monkey. I can day trade on shares and make more but this is fun and i like meeting new people and getting old bars.
Owning and trading paper can, if you're skilled or lucky, make you some money, but there is just something about the weight of holding the metal in my hands that makes me feel more wealthy.
The price may go up and down, but the metal never looses any weight.
I stack for the long term. I feel safer holding silver in my SDB then having savings in a bank earning bugger all interest.
Well done mate
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