GSR is 50-Who's trading silver for gold?

I'm on the fence to do this at my LCS. Today they said 57 silver rounds for a one ounce Gold Eagle. What are your thoughts?

 

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Hey! Nice proposition but I checked based on current market price.
They are getting the better of the deal based on my calculations. Silver is $88.33 X 57=5034.81 Gold is 4611.70 per ounce, do the math. Buy Gold Bullion Bars & Coins | APMEX

 

I know I am losing 7 ounces, but I have to pay the premiums on silver and the gold. Don't know any dealers that would do a strait up trade.

 

here is a good guide

 

With Silver going up faster than gold I would expect a better deal. You shouldn't have to pay the premium on both.

 

good point, but I can get a trade in now and keep doing it if keeps getting lower. Gold is the endgame.

 

Oh, we have those on our TV also. My wife loves Unsolved mysteries and shows like Dr. G.

 

Which is rising faster and showing better percentages? Silver, so why trade?

 

You want to sell what's going to drop, and buy what's going to go up. But we don't have crystal balls, so selling what has gone up and buying what has gone down is sometimes the best we can do.

I bought a lot of silver in 2011 when it had gone up, thinking it would continue. It's taken until now for me to get back above water on some of it.

If I buy now, and then silver tanks for another 15 years... well, I'll probably still be around at that point. But I'd rather be able to put that money to work in other ways between now and then. If only I knew what would turn out to be the best places to put it...

 

I think your in the minus even with paying the premiums, negotiating that down to roughly 54 would make more sense.

 

I've got Unsolved mysteries on right now. It's great to both watch, and to have on for background noise for taking naps.

 

Oh okay. You had me confused. I thought you were giving them your gold for 57 rounds. Now that would be a no brainer.

 

I don't see it as a loss at all, especially if you don't have any gold right now but you want some! Yes, it's over a $600 difference but it all depends on how bad you want the gold! You can look at it as buying 2 1/2 ounce ASE's as opposed to buying one, that's probably the same difference!

 

Does trading/selling silver for a gold metal detector count?

 

Looking at it from a business perspective, the party looking at making the Trade would shoulder more premium.

 

Here's my last two experiences trading silver for (numismatic) gold.

Last spring, I traded 22 oz plus $84 cash on a $600 gold piece. Now I'm -$1264 on that deal.

Last fall when gold hit $55, the next weekend, I traded a kilo, plus a 5 oz round (I had been peddling for years), plus $430 cash on a gold coin. I'm about -$1173 on that deal now.

Is the third time a charm? Anybody who traded/underestimated silver before 12/2025 screwed themselves. I want to see a new plateau before I play this game again.

 

Problem is, sometimes the plateau is a long way back down from the peak.