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.