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

I thought about it but didn't. The thought in the back of my mind since it started dropping is that I don't think it will blow out far enough to trade back and I still think silver will out perform gold. If I had a bigger stack to play with I might have thought harder about it. If it does blow out I do have some gold bought as the ratio dropped to trade into silver.
 
I swapped some $10 silver coins for $200 gold coins ,than sold the gold & purchased more silver
I just added some weight
 
hawkeye said:
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.
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Same.

Had all intensions of selling 370 oz's @ $45 spot.

Upside is i haven't bought silver since it hit $22
 
Dug up a 5 kilo bar while hiding Easter eggs.

Had all good intentions of doing a Silver / Gold swap.

Got turned off by attitude & fees of local Hobart dealer.

Have eaten the eggs & reburied the bar.

will see what happens to the GSR.
 
I swapped 1/5 of my stack at 36:1 with intention to swap another 1/5 at 32:1.
But then I got bit euphoric and decided to wait for 30:1...
:(
 
5_gsrrocket.png


Ouch. If it cross that red line it's definitely gold time.
 
Somewhere on the way up I decided to stay away from swaps so that I could keep myself diversified in PMs.

Edit: But it did cross my mind :P
 
Well I did not swap for gold, but I had 30kg of PAMP on the May delivery with goldbullionaustralia which I traded back for fiat when silver hit 48usd.
Have since repurchased the 30kg.

I got spooked and decided to sell, that is all. More of a than fluke than anything.
 
I thought about doing this, but since gold is AUD hasn't moved much in the last year, I thought the spreads would just waste fiat you could spend on silver once the price lowers again. Are people more doing this for fear of a SHTF scenario and not wanting to be holding fiat? Gold seems to drop in price whenever silver does so... ??? just doesn't seem worth it to me if you're holding the AUD. =)
 
Holding AUD is as good as holding gold. And if you put it in the bank you can earn interest as well.
 
Ouch said:
Holding AUD is as good as holding gold. And if you put it in the bank you can earn interest as well.
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Really? Last time I checked, AUD are made from PLASTIC and can be torn in half. Gold is made from um..what is it again? At the moment holding fiat is fine. Just don't depend on it forever. Those idiots in the bank pay you 'interest'. I prefer to call it a slap in the face with an icey cold hand. Their interest payments are laughable. I'd rather they posted me out an ounce of silver each month. At least I'd then know they valued the fiat I had with them as much as they value their own.

*pulls cranky pants up real high-like*
 
When you deposit your FIAT in the bank, the bank has the right to create new money due to that deposit and than they pay you 5% interest.

** you bring to them 0.5 l of cordial juice when you make the deposit - they put water in it and dilute the juice to 5 liters and than they pay you back with 0.0125 ml of that diluted juice every month.
 
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