How to trade silver for gold when the ratio gets low?

ozziestacka

ozziestacka

New Member
This is something I've wondered for a while. I hear a lot of people saying they will trade their silver for gold when the ratio goes down, but what is the best way of doing this when the time comes?
 
I talked to my lcs about it just recently and how I could do that.
He still needs to make money so it will cost me a few extra ozs of silver but I'll wait until it's worth it for me.
It will cost me around 6 to 12 percent depending on what I'm trading.
He said I should try to get Double Eagles when I get gold if I can and I said ok, save some for me then haha.
In reality I would take any gold he has.

Or I could just sell silver to him and order Double Eagles. Either way.
 
Another question is whether to pay for the cost of the exchange in silver or fiat if I go through my lcs.
My wife says fiat haha.
 
JohnnyBravo300 said:
I talked to my lcs about it just recently and how I could do that.
He still needs to make money so it will cost me a few extra ozs of silver but I'll wait until it's worth it for me.
It will cost me around 6 to 12 percent depending on what I'm trading.
He said I should try to get Double Eagles when I get gold if I can and I said ok, save some for me then haha.
In reality I would take any gold he has.

Or I could just sell silver to him and order Double Eagles. Either way.
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Is there a particular ratio you are looking for?
 
Somewhere below 50 or less hopefully. Most of my stack was between 85 and 125:1.
Converting is all I'm really wanting to do.
 
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JohnnyBravo300 said:
Somewhere below 50 or less hopefully. Most of my stack was between 85 and 125:1.
Converting is all I'm really wanting to do.
Click to expand...
Do you think it is worth purchasing gold right now or is just purchasing silver the best bet? I have silver but no gold, I wanted to get at least some gold just so I have it. Silver is just so tempting though.
 
Its personal preference really and gold is my ultimate goal for long term stability. Everyone has their own plans with their metals so theres different strategies.
Just depends on what you want.

Gold tends to be more stable as the main money metal but silver can often have bigger ups and downs by percentage.
I believe silver is more undervalued so I'm mostly in silver.
You could get many different opinions and views on this site.
 
getting my silver ready, opps getting other people silver ready
so that i can get more X gold in a hurry
 
ozziestacka said:
Do you think it is worth purchasing gold right now or is just purchasing silver the best bet? I have silver but no gold, I wanted to get at least some gold just so I have it. Silver is just so tempting though.
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What if there is no gold around when youre ready to convert? That is the entire reason I skip over silver and go straight to gold. GSR too much of a gamble for me
Only reason to buy silver is if you want to hold it, not convert to gold
 
My lcs always had gold during the runups but he was always short on silver. It sold as fast as he could buy it
When prices skyrocket the average person goes after the silver every time. They never want gold.
I'm hoping for the same this time!
 
there would be 20 oz of gold any time out there, some times no silver at all
with local dealers available, there are always available, only some premiums
dealers are not on lock down, can buy online and get it delivered foc to your door
 
too many are after the Panda poop lol
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kopi.jpg
 
66rounds said:
What if there is no gold around when youre ready to convert? That is the entire reason I skip over silver and go straight to gold. GSR too much of a gamble for me
Only reason to buy silver is if you want to hold it, not convert to gold
Click to expand...

I don't bother with GSR, more concerned with cost of mining. At the moment, silver is well above mining cost of $12-15 per oz so I'm not that comfortable to buy in any significant amounts.
 
Anyone buying silver over the weekend? The rebound is pretty strong, maybe the correction is over? Will Trump concede to the Democrats on the stimulus?
 
I'm tapped out after last week, was my biggest buy month ever.

There wont be any meaningful stimulus to the people, they are making sure of that. It's already 6 months too late for most of them.
Theres a dollar printing party going on but we ain't invited
 
My current plan is swapping over at 55-50-45 and a 4th/last time based swap for the rest provided the 45 gets hit. I would probably hedge it on the paper markets initially, depending on what the physical market is like at the time. Physically you will probably be easier selling and rebuying, you may find swap deals for GSR direct, given there is more premium on the silver side, but they would probably just be buying bulk bars at wholesale price to do the deal with you.

Watch out for tax events and paper trails xP.
 
ozziestacka said:
This is something I've wondered for a while. I hear a lot of people saying they will trade their silver for gold when the ratio goes down, but what is the best way of doing this when the time comes?
Click to expand...

You have an online account like the Perth Mint depository, just takes a few mouse clicks. Allocated or unallocated.
 
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