Thinking of trading silver for gold, need advice.

The guy I sold to at the last coin show dumped into a bucket, then weighed the bucket, then multiplied to get FV. I didn't sell him any slick stuff, but his calculated FVs were spot on each time.

 

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I'm thinking the opposite.. get rid of the gold and buy more silver.

 

I was looking at Pandas on APMEX and was pretty surprised at the premiums. Not less than $60 which is a 3/2 ratio. Maybe we're starting to see the physical market assert itself? Timberwolves are the same, and even more on ebay. I doubt anyone would pay $2400 for gold right now.

 

I appreciate all of the comments and answers to my questions! I am thinking I am going to have to wait to either accumulate more silver, or wait for the ratio to drop. Closest I have seen is 29:1.

 

Years ago I met a dealer that would pay based on a face value multiplier, but I don't do business with those types of dealers. You'll find that most bulk dealers sell based on face value and buy back by weight. They can do it because most folks just don't know any better...and the difference can be significant.

 

Don't forget the Rhodium Sponge!

 

In what limited research I've done in comparison to gold and silver, both Rhodium and Palladium seem like solid plays. I am wary about Platinum because it is so close to it's inflation adjusted all time high.