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<p>[QUOTE="krispy, post: 1736740, member: 19065"]You'll have to define more factors that influence such a transaction as pertains to your personal investment and if changing from one metal to another is worth it. There's a bit more to such a transaction than what current spot prices are trading at. Namely, how much did the amount of silver you want to change into gold, cost you in the first place? That is, what was the total cost then and what is the total number of ounces of silver you may want to change into gold. Have you 'earned' on your investment to date?</p><p><br /></p><p>Do some math on your investment to see where it currently stands. Subtract your initial investment costs, and any fees or storage costs (e.g. you bought a safe, installed a home security system, are paying rent on an safe deposit box, adopted and feed an angry and noisy hound, etc.)</p><p> </p><p>Also, think in terms of the amount of gold the current ounces of silver you hold could get you IF you didn't have that silver to work with. Could the current value of silver you have amount to a cash value you have available and ready to invest in gold at its current prices? If you want to be in gold, would it be more wise to hold the silver and invest more of the cash you have in hand, especially if you would be taking a loss in what the silver cost you, that is, if you'd bought silver at a higher spot price than it is now trading for. </p><p><br /></p><p>Get a calculator, a pencil and some paper and go over the numbers... You may figure out which path to take without enduring an debate on <i>dollar:gold ratios</i> that are currently not answering your question(s). Think in terms of what ease you may or may not have, trading or selling one PM over another should you need to liquidated and return to cash someday. Has the silver investment done what you wanted it to do, and can gold do (continue) that too, or do something else you want it to do for you? If you're just feeling anxious about it, do the math on paper and do nothing else with your silver for now. Come back in a few weeks or months and see how PMs are doing then. Don't feel rushed to make a decision as the perspective of time can teach you a lot, too.</p><p><br /></p><p>It's really a personal thing that takes your own unique factors and perspective to determine how, and when, to best proceed. </p><p><br /></p><p>Regards. :thumb:[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 1736740, member: 19065"]You'll have to define more factors that influence such a transaction as pertains to your personal investment and if changing from one metal to another is worth it. There's a bit more to such a transaction than what current spot prices are trading at. Namely, how much did the amount of silver you want to change into gold, cost you in the first place? That is, what was the total cost then and what is the total number of ounces of silver you may want to change into gold. Have you 'earned' on your investment to date? Do some math on your investment to see where it currently stands. Subtract your initial investment costs, and any fees or storage costs (e.g. you bought a safe, installed a home security system, are paying rent on an safe deposit box, adopted and feed an angry and noisy hound, etc.) Also, think in terms of the amount of gold the current ounces of silver you hold could get you IF you didn't have that silver to work with. Could the current value of silver you have amount to a cash value you have available and ready to invest in gold at its current prices? If you want to be in gold, would it be more wise to hold the silver and invest more of the cash you have in hand, especially if you would be taking a loss in what the silver cost you, that is, if you'd bought silver at a higher spot price than it is now trading for. Get a calculator, a pencil and some paper and go over the numbers... You may figure out which path to take without enduring an debate on [I]dollar:gold ratios[/I] that are currently not answering your question(s). Think in terms of what ease you may or may not have, trading or selling one PM over another should you need to liquidated and return to cash someday. Has the silver investment done what you wanted it to do, and can gold do (continue) that too, or do something else you want it to do for you? If you're just feeling anxious about it, do the math on paper and do nothing else with your silver for now. Come back in a few weeks or months and see how PMs are doing then. Don't feel rushed to make a decision as the perspective of time can teach you a lot, too. It's really a personal thing that takes your own unique factors and perspective to determine how, and when, to best proceed. Regards. :thumb:[/QUOTE]
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