Swap Silver For Gold?

Discussion in 'Bullion Investing' started by Randy Abercrombie, Jun 23, 2019.

  1. Santinidollar

    Santinidollar Supporter! Supporter

    [Edited out quoted spam post]
    Same garbage with both of her posts. Reported to moderators.
     
    Last edited by a moderator: Sep 9, 2019
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    Suppose you could edit that URL out of your quoted reply? ;)
     
  4. ilmcoins

    ilmcoins Well-Known Member

    Best answer here Randy! Keep the silver you have and just focus on gold. You will always have a little extra room in the safe to slide some gold in regardless of how much silver you have!
     
    Heavymetal and Randy Abercrombie like this.
  5. mikem2000

    mikem2000 Lost Cause

    Yes you are doing them a disservice if the true intent is to help your kids/grandkids. I totally understand people like to stack both silver and gold are if you are doing because you enjoy it that is fine. If you truly want to help the kids/grandkids, liquidate want you were planning to, get a brokerage account for them and invest in the S&P 500 index ETF. (SPY). They will be MUCH better off. The returns will be SIGNIFICANTLY greater, they won't be be stuck with liquidating anything, and if the brokerage account is in your name, with them listed as the beneficiary, they will inherit the money immediately with no probate, and they will not need to pay capital gains tax.
     
  6. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Its all about the intention, if leaving a nice sum GOLD is the way to go, for
    Me atleast, i like something physically that i can hold, stocks are basically
    a piece of paper that it self is worthless, as far as liquidating any GOLD/
    SILVER or pawn shop, will take care of you quickly in a moments notice
    Here,s my local shop.


    [​IMG]


    [​IMG]
     
  7. FryDaddyJr

    FryDaddyJr Junior Member

    it's doubtful yer kids and grandkids want to deal with your coin collection
     
  8. lordmarcovan

    lordmarcovan Eclectic & odd Moderator

    I did. Overlooked that earlier.
     
  9. WoodyWW

    WoodyWW Junior Member

    I'm curious as to how you've done with your safes full of silver? Did you buy it when it was cheaper? Are you at least at break-even? Or? There are people here who loaded up on silver when it was at $30 & $40.

    Gold could go higher from here. But I don't know if there's any human who could predict how Gold will do vs. silver with any success. I think the (most recent) opportune time to have bought gold was when it fell to around $1050 just a few years ago.

    And someone here mentioned the transaction costs in buying/selling physical PM--esp. when done at a LCS. Maybe just enjoy your stacks of silver.......& sell some if it goes to.....I dunno, $25 or $30 an oz.?
     
    Randy Abercrombie likes this.
  10. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    With my silver, I am probably at a break even point. In 2011 when silver went for a wild ride I did foolishly jumped on board. I have been stacking since the 1990's but haven't really got serious bout it till maybe the last ten years. I have been much smarter about my silver purchases since then. All in all it won't effect me as all this silver will get divvied up among the kids anyway..... My saving grace is that in the 1990's I sold some interest in a business and used that windfall to load up on gold that I could never afford before. That was a very fortunate "impulse buy" for me looking back.
     
  11. Collecting Nut

    Collecting Nut Borderline Hoarder

    As long as there is a fear of recession in the investment market the PM's will continue to rise.
     
  12. Player11

    Player11 Bullish

    I track both and currently want have 50 / 50 investment mix.
     
  13. medoraman

    medoraman Supporter! Supporter

    OP, I am in the same boat as you. For PM silver is simply too bulky if you start putting some real money into it. That is why I stopped trying to buy silver and put pm money into gold. More compact. Now, I am stupid and sometimes buy gold at a small premium because I like the coin. I just bought the 2016 half, quarter, and dime at about 105% of melt because they looked cool and my local dealer happened to have them. So, kind of stupid I admit, but I will get a little collecting pleasure out of them, and the wife/kids will get .85 ounces of .999 gold.

    It's fine to leave the family something, but enjoy the ride yourself, know what I mean? :)

    @mikem2000, glad to see you back man. I hear you on your post, but I have 401k's, Deferred Comp, and an after tax stock fund for investing, along with investment properties and farmland. Given that, I figure I am allowed to indulge a little in the Scrooge McDuck impulses everyone on this board feels. :)
     
    myownprivy and Randy Abercrombie like this.
  14. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Well-Known Member

    Get gold when the GSR dips low. Go back to silver when GSR spikes high.

    And repeat. ;)
     
  15. myownprivy

    myownprivy Well-Known Member

    With sound investment advice like that I can't believe you're not all living out of a van down by the river eating government cheese by now.
     
  16. -jeffB

    -jeffB Greshams LEO Supporter

    The problem is always distinguishing a "spike" from "a rise to a new level that will remain stable longer than you'll remain alive". Same thing for "dips".
     
  17. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Well-Known Member

    Should have reworded that probably. What I meant was with metal you already own, switch between them when the ratio moves.
     
  18. medoraman

    medoraman Supporter! Supporter

    However, now you are entering the realm of buy/sell spread that plagues the PM market. Will a dealer do this for you for free? Not if he wishes to stay in business. Now you are incurring more costs above your initial buy/sell spread you paid when you purchased it in the first place.

    What you propose is wonderful if:

    1. You know for a fact the buy sell spread will continue to alternate over the years, (ie will not continue to widen long term).
    2. You have no buy/sell spread

    I have no knowledge if the GSR will go back to 16 or go to 400. If I did what you proposed and traded gold for silver at the current GSR, what if the GSR goes straight up from there? I will completely miss out on any gold appreciation. You are RELYING on the GSR to go up and down for this to work. What if it doesn't? Anyone doing this from when it was 16-1 would own all silver today, and would have completely missed the profit on gold.

    To me, I ignore the ratio. I own as much silver as I physically can store at this point, so spend pm money on PT and gold. I want exposure to all of the metals. I should have taken palladium more seriously, but at this point I believe its massively overvalued and believe it will long term get substituted for PT to put them back in line, which is why I am a believer in PT right now.

    Its all anyone's call, and however they wish to invest is up to them. Not criticizing what YOU want to do sir, just pointing out some things for others to consider before doing the same. If I KNEW what I was doing, I would have bought more Amazon and Netflix, and not bought Molycorp or DB. :( All we are is trying to make the best judgments we can before we leave it behind for others on this rock.
     
  19. Johndoe2000$

    Johndoe2000$ Well-Known Member

    WOW. You just won't stop belittling people. You are the epitome of a trolling know it all. :troll: Just keep you're holier than thou attitude to yourself. :stop: :rage: :(
     
  20. medoraman

    medoraman Supporter! Supporter

    Yeah, and lay off government cheese! I make every pound of it, it's good stuff! :)
     
    Randy Abercrombie likes this.
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