start by playing with it. do paper trading for the first 6 months or until you get used to it.
be clear why you're doing this in the first place. Is it to get richer in dollars or in bullion?
break down your oz in grams. shadow the prices for unalocated of a big bullion company. use the real cost (premium and other fees), that will eat slighthly into your profits but its ok.
decide if you gonna swap every 10 points, 5 points, 2 points, 1 points of gsr?
you hear all the time stackers saying "I'm waiting until it gets to 45 to swap my silver to gold".
gsr is 85 this morning. it could easily go in a trading range between 60 and 80 for the next 5 years!
what you do is: let's say you swap some metal every 5 points.
don't try to predict where next. just know how you'll react if it goes up, if it goes down, if sideways.
A bot could easily do this and in fact is doing it for me in cryptos.
keep a core position, say 30% to 40% gold that you'll never swap.
so with 10oz gold, I would hide 3oz and not touch it.
you have 7oz left to play with. I would sell 5.25oz and buy silver with it. (75% of the gold. that because we are in the upper limits of the gsr historically. can it go higher? yes. that why we still have gold to swap. but what if gsr goes to 150 or 200? we'll in that case I would sell everything I own in life and buy silver and change my name for mr. Money Bags. but I digress.).
now you have around 446oz of silver (bought at gsr85, always make note of that)
if the gsr goes up five points, sell more gold and buy more silver.
if the gsr goes down to 80-ish or lower, sell some silver and buy some gold.
but not too much! remember, it's a long way to 1 to 1 ratio!
you don't want to run out of powder.
and you keep doing this on and on and on.
it's very boring but i like boring when investing.
