Discussion in 'General Precious Metals Discussion' started by Aurora et luna, Aug 19, 2020.
I think I will probably start moving some silver around 1/65
I was attempting to trade a couple of weeks back when the ratio was 72:1 (not on this forum). I only got one nibble which didnt eventuate. Will definitely be trying again if the GSR hits 65:1
About 5 years ago.
Will there be anyone who will want to swap their gold though? Just thinking that if you owned gold and wanted silver, you would have swapped when it was 100 to 1.
I will test the waters @ 65 and give you guys feedback
Good question Aurora et luna, one that I have been pondering for a while and still haven't decided, arghhh decisions decisions.
I'm certainly glad to have a little silver and to have the luxury of pondering on it during these tumultuous times.
Just noted the biggest voting block so far is 1/15
Some pretty ambitious stackers here
If I had silver id be moving a bit at every major GSR level. Would hate to miss out due to greed.
it has been a complete cycle
from G:S 1:32 to 1:125 (9 years)
during Germany hyperinflation was 1:100
so the estimated time should be around 3-4 years
silver is still good
1:32 again (change all silver to GOLD)
Not a bright idea to sell all of your silver no matter what the GSR is.
I will only be moving mostly the larger stuff ( 10 oz, 20 oz, 50 oz, 100 oz, and 1 kg bars ) when the ratio drops a bit more.
Will be keeping a lot of the smaller one ounce coins ,as well as some of the circulated predecimal and Yankee junk silver that I have.
This stuff will serve a useful purpose in the future for trade, where the nominal value of the transaction might make the use gold impractical.
Just swapped 72oz ag for 1oz au. Then went and bought another 2kilo ag to replenish....
Did it work out better than just buying 1oz au to begin with? Not sure what the play is here unless managed to squeeze both sides of the ratio?
It was more the case of wanting the specific gold coin offered. And then saw a silver coin I like. Not a specific play on the movement of ag and au short term price movement. It worked out well in the end cos the gold coin is no longer produced and the silver coin just went out of stock the day after I bought it!
I think to leverage between the two would take a longer period of time, especially dealing with physicals.
Swapped 1/4 of my SMSF unallocated gold for silver at 65, 70, 75 and last 1/4 at 80.
No point swapping it back until it drops under 65.
A plan I put in place back when I was setting up the SMSF was to swap it back at 45, 40, 35, and 30.
At the time the GSR was around 55 so it didn't seem likely that I would ever swap anything.
Since then I have sold some at $40/oz but I have plenty left should the ratios change back.
It doesn't seem likely that it will switch any time soon but you never know your luck
I like your method. Did you top up more when the ratio blew out to >1:100 or premiums made it not worthwhile?
Hopefully it doesn't spike down and back up again like last time. I remember getting put off from doing a swap last time because the line at ABC was so long. Missed the opportunity to do a swap.
The method was explained to me by the owner of Goldstackers a while back and it sounded like a good idea so I decided to copy it.
By that time I think I had invested as much money into precious metals as I was comfortable in the SMSF.
Shortly after I got a property in the SMSF and any extra money went into servicing the mortgage.
Plus silver was very dull for a long time so I was only buying a few coins to add to the yearly series I was sort of collecting.
I still had a few physical gold coins lying around in the SMSF when the GSR hit 100 but I sold them rather than did a GSR, not really enough to warrant the additional effort, and cash was handy at that time.
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