When are you going to swap your silver for gold?

Discussion in 'General Precious Metals Discussion' started by Aurora et luna, Aug 19, 2020.

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When are you going to dump your silver for gold?

  1. 1/70

    1 vote(s)
    4.8%
  2. 1/65

    1 vote(s)
    4.8%
  3. 1/60

    2 vote(s)
    9.5%
  4. 1/55

    1 vote(s)
    4.8%
  5. 1/50

    2 vote(s)
    9.5%
  6. 1/45

    5 vote(s)
    23.8%
  7. 1/40

    6 vote(s)
    28.6%
  8. 1/30

    2 vote(s)
    9.5%
  9. 1/15

    7 vote(s)
    33.3%
  10. Never

    2 vote(s)
    9.5%
Multiple votes are allowed.
  1. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    I think I will probably start moving some silver around 1/65
     
  2. kezza26

    kezza26 Active Member

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    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
     
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  3. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    About 5 years ago.
     
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  4. ozcopper

    ozcopper Well-Known Member Silver Stacker

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    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.
     
  5. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    I will test the waters @ 65 and give you guys feedback:)
     
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  6. BlackSheep

    BlackSheep Well-Known Member Silver Stacker

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    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.
     
  7. Aurora et luna

    Aurora et luna Well-Known Member Silver Stacker

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    Just noted the biggest voting block so far is 1/15
    Some pretty ambitious stackers here:p
     
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  8. jultorsk

    jultorsk Well-Known Member Silver Stacker

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  9. 66rounds

    66rounds Well-Known Member Silver Stacker

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    If I had silver id be moving a bit at every major GSR level. Would hate to miss out due to greed.
     
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  10. alor

    alor Well-Known Member Silver Stacker

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    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
    now 1:72
    .
    .
    .
    1:32 again (change all silver to GOLD) :D
     
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  11. hardyakkagold

    hardyakkagold Active Member

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    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.
     
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  12. SilverNGold

    SilverNGold Member

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    Just swapped 72oz ag for 1oz au. Then went and bought another 2kilo ag to replenish....
     
  13. 66rounds

    66rounds Well-Known Member Silver Stacker

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    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?
     
  14. SilverNGold

    SilverNGold Member

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    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.
     
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  15. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    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
     
  16. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I like your method. Did you top up more when the ratio blew out to >1:100 or premiums made it not worthwhile?
     
  17. Silverthorn

    Silverthorn Well-Known Member

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    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.
     
  18. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    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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