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<p>[QUOTE="OldGoldGuy, post: 2064596, member: 72697"]I guess I will fall into the "internet troll babble" but I have successfully swapped gold and silver back and forth many times. If you care to hear the details, read on, if you don't care to because I don't have receipts for transactions between two private parties, then stop now.</p><p><br /></p><p>I heard about successful swapping from a friend years ago. Decided to try it myself. Set myself some ground rules, for example, the silver had to be American Silver Eagles, and the gold had to be in 1/10, 1/4, 1/2 and/or 1 oz gold eagles. I did this for a number of reasons, the main one being liquidity and to distinguish/separate this portion of my collection/stack from the rest (which was never an issue really as I mainly collect numismatic pieces).</p><p><br /></p><p>Started the experiment with a 1oz gold eagle. Traded it for 50-55 oz of silver (this is from memory). This trade was in favor of the other party, meaning, if the ratio was 52-1, I only received 50 oz of silver. Easy enough math so far? I stuck those away for awhile. Forgot about it for awhile. Was approached by a friend of a friend almost 6 months later if I was willing to trade silver for gold. Traded in my favor for 2x 1/2oz gold eagles, and a 1/10oz gold eagle. So as of this moment, I was up a whopping 1/10oz eagle. The next trade came quicker, with me trading the two 1/2 oz gold eagles and receiving something like 56 or 58 silver eagles. As of this moment in time, I had lets call it 56 oz of silver and a 1/10oz gold eagle. Some time passes again, and I trade with a dealer who I met through the first gentleman I traded with for 50 oz of silver for 4x 1/4 oz gold eagle. I liked this trade because it left me with I think 8 silver eagles, 4 quarter oz gold eagles, and a 1/10 oz gold eagle. Some time passes again, and I traded a gold quarter eagle + the 1/10 gold eagle and the 6 of the 8 silver eagles for a 1/2 oz gold eagle. All said and done, I had 3x 1/4 AGE, 1x 1/2 AGE and 2 ASE's.</p><p><br /></p><p>So, when all was said and done, I had 1.25oz gold in fractionals, and 2 ASE's when I had started with a single AGE. Did I get rich? No. Is it possible to make money on it? Sure. I liked it because I took a 1oz gold bullion piece, and ended up with smaller fractionals, more weight, and a few oz of silver.[/QUOTE]</p><p><br /></p>
[QUOTE="OldGoldGuy, post: 2064596, member: 72697"]I guess I will fall into the "internet troll babble" but I have successfully swapped gold and silver back and forth many times. If you care to hear the details, read on, if you don't care to because I don't have receipts for transactions between two private parties, then stop now. I heard about successful swapping from a friend years ago. Decided to try it myself. Set myself some ground rules, for example, the silver had to be American Silver Eagles, and the gold had to be in 1/10, 1/4, 1/2 and/or 1 oz gold eagles. I did this for a number of reasons, the main one being liquidity and to distinguish/separate this portion of my collection/stack from the rest (which was never an issue really as I mainly collect numismatic pieces). Started the experiment with a 1oz gold eagle. Traded it for 50-55 oz of silver (this is from memory). This trade was in favor of the other party, meaning, if the ratio was 52-1, I only received 50 oz of silver. Easy enough math so far? I stuck those away for awhile. Forgot about it for awhile. Was approached by a friend of a friend almost 6 months later if I was willing to trade silver for gold. Traded in my favor for 2x 1/2oz gold eagles, and a 1/10oz gold eagle. So as of this moment, I was up a whopping 1/10oz eagle. The next trade came quicker, with me trading the two 1/2 oz gold eagles and receiving something like 56 or 58 silver eagles. As of this moment in time, I had lets call it 56 oz of silver and a 1/10oz gold eagle. Some time passes again, and I trade with a dealer who I met through the first gentleman I traded with for 50 oz of silver for 4x 1/4 oz gold eagle. I liked this trade because it left me with I think 8 silver eagles, 4 quarter oz gold eagles, and a 1/10 oz gold eagle. Some time passes again, and I traded a gold quarter eagle + the 1/10 gold eagle and the 6 of the 8 silver eagles for a 1/2 oz gold eagle. All said and done, I had 3x 1/4 AGE, 1x 1/2 AGE and 2 ASE's. So, when all was said and done, I had 1.25oz gold in fractionals, and 2 ASE's when I had started with a single AGE. Did I get rich? No. Is it possible to make money on it? Sure. I liked it because I took a 1oz gold bullion piece, and ended up with smaller fractionals, more weight, and a few oz of silver.[/QUOTE]
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