Who swapped out silver for gold at 1kg:1oz?

Discussion in 'Gold' started by goldpelican, May 5, 2011.

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  1. goldpelican

    goldpelican Administrator Staff Member

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    So,

    Kudos time - put your hands up if you swapped out your silver for gold when the ratio was 32 or lower.

    This was my long planned strategy and I didn't stick to it, and the GSR has since rocketed back to 38. Had a monster box I could have traded out for a 1/2kg of gold, but I got greedy and dreamt of a kilo.
     
    goldpelican, May 5, 2011
    #1
  2. hiho

    hiho Active Member Silver Stacker

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    yes but not enough
     
    hiho, May 5, 2011
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  3. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    I wondered where my monster box went? :)

    Seriously, it was more fluke than anything. I wanted to be a little bit more liquid, and ended up holding the cash while the prices went plummet.

    Sold out another 10 Kg Ag and 4 ounces gold to cover a trade that didn't eventuate.

    So looking at buying on Sunday at the meet-up or ordering a shipment early next week.
     
    Captain Kookaburra, May 5, 2011
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  4. Slam

    Slam Well-Known Member Silver Stacker

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    I wanted to either sell some silver at $1500 per kg or trade for gold.

    I didn't get greedy, I actually got lazy and was on auto pilot. I didn't keep up with all the log videos and news.

    Now I have a renovation coming up, but I don't want to sell my silver. Guess I'll be going into more debt in the short term until it recovers.

    I blame myself and laziness, coupled with going on holidays made me lose out the opportunity.

    Oh well.

    Slam
     
    Slam, May 5, 2011
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  5. hem9

    hem9 Active Member Silver Stacker

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    Actually got lower than that traded my 150pcs 1966 50c in a local dealer for 1oz lunar rabbit and 1/2 oz kangaroo and $280 cash. Those who saw my threads know how much silver I sold on the "top", I sold a lot of my investment portion but since I cant guess the "bottom" I will just slowly creep in.
     
    hem9, May 5, 2011
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  6. fishball

    fishball New Member Silver Stacker

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    Much like Slam I got lazy and didn't buy or sell any silver during the 45-49 dollar range.

    Overall haven't really lost or gained anything haha
     
    fishball, May 5, 2011
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  7. MelbBrad

    MelbBrad New Member

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    ....the plan was to swap 1oz kooks for 1oz gold starting at GSR 30. So close, yet so far. Patience is a virtue.
     
    MelbBrad, May 5, 2011
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  8. goldpelican

    goldpelican Administrator Staff Member

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    I actually haven't bought silver since $36/oz, and it was junk for about $34 (just checked the spreadsheet).
     
    goldpelican, May 5, 2011
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  9. goldpelican

    goldpelican Administrator Staff Member

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    That was a fine trade. Just looked at W Davis' pricelist, to pull the same trade off today would be 201pcs going by the published buy/sell pricing.
     
    goldpelican, May 5, 2011
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  10. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Got into silver in the low 40s. So just holding now.

    The question is, at what point to trade that gold back into silver?
     
    RetardedMonkey, May 5, 2011
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  11. hem9

    hem9 Active Member Silver Stacker

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    The local dealer in brissy (everyone knows who) gives a better buy rate than W Davis. on 50c
     
    hem9, May 5, 2011
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  12. goldpelican

    goldpelican Administrator Staff Member

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    Which helps if you're in Brisbane :)
     
    goldpelican, May 5, 2011
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  13. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    i swapped/sold some of my silver for about half oz of gold and 1/10 oz platinum.
     
    THUCYDIDES79, May 5, 2011
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  14. Ungabunga

    Ungabunga New Member

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    Swapped 1kg silver for 1oz bullion Gold - best $27.00 ever spent
     
    Ungabunga, May 5, 2011
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  15. hawkeye

    hawkeye New Member Silver Stacker

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    Was going to swap a lot of silver for fiat but kept procrastinating. Nothing for it now but to ride out the correction and maybe do some buying.
     
    hawkeye, May 5, 2011
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  16. renovator

    renovator Well-Known Member

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    not me got greedy like you GP but bought a few ozs
     
    renovator, May 5, 2011
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  17. Graeme

    Graeme Member Silver Stacker

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    I managed a swap at 33:1 ... close to 32:1. :)
     
    Graeme, May 5, 2011
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  18. projack

    projack Well-Known Member Silver Stacker

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    ;)
     
    projack, May 5, 2011
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  19. Comper100

    Comper100 Member

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    I did a small swap yeah, had no idea what was going to happen on the 1st though. Beginners luck perhaps?
     
    Comper100, May 5, 2011
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  20. Smoothcriminal

    Smoothcriminal New Member Silver Stacker

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    Tried and failed for a platinum swap @ 38:1 - would have tried gold but saw a few silver for gold threads already so thought I'd try and catch a different fish.
     
    Smoothcriminal, May 5, 2011
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