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Thinking of trading silver for gold, need advice.
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<p>[QUOTE="InfleXion, post: 1235156, member: 29012"]I may sound like a broken record to some, but I would not get any gold smaller than 1/4 oz because of the premiums as you said. I actually like 1/4 oz because it's a smaller denomination and more liquid. I just checked APMEX and you will pay 6% more premium for 1/2 oz than 1 oz, but only 2.5% more for 1/4 oz than 1/2 oz. </p><p><br /></p><p>1) I am waiting for the gold/silver ratio to get near 20:1 before I swap silver into gold. Historically it has been there before, and I think it will be there again one day. As such I am putting my money into silver. </p><p><br /></p><p>2) I have seen these around at my local coin dealers so I'd imagine if you call around it wouldn't be hard to find. Of course they won't do a straight swap, but rather give you their buy price for the silver and their sell price for the gold. </p><p><br /></p><p>3) To me war nickels are still junk silver, as are Canadian coins. </p><p><br /></p><p>4) Chip suggested to me in another thread to check the Krause catalog which lists all the various weights of world coins. You can multiply the weight by the percentage silver to get the pure silver weight. I know Redbook has the actual silver weight listed for US coins, but I'm not sure about the same sort of thing for Canadian coins. </p><p><br /></p><p>5) 1/4 oz is the size of a penny, so I'd imagine 1/10 oz is pretty darn small.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1235156, member: 29012"]I may sound like a broken record to some, but I would not get any gold smaller than 1/4 oz because of the premiums as you said. I actually like 1/4 oz because it's a smaller denomination and more liquid. I just checked APMEX and you will pay 6% more premium for 1/2 oz than 1 oz, but only 2.5% more for 1/4 oz than 1/2 oz. 1) I am waiting for the gold/silver ratio to get near 20:1 before I swap silver into gold. Historically it has been there before, and I think it will be there again one day. As such I am putting my money into silver. 2) I have seen these around at my local coin dealers so I'd imagine if you call around it wouldn't be hard to find. Of course they won't do a straight swap, but rather give you their buy price for the silver and their sell price for the gold. 3) To me war nickels are still junk silver, as are Canadian coins. 4) Chip suggested to me in another thread to check the Krause catalog which lists all the various weights of world coins. You can multiply the weight by the percentage silver to get the pure silver weight. I know Redbook has the actual silver weight listed for US coins, but I'm not sure about the same sort of thing for Canadian coins. 5) 1/4 oz is the size of a penny, so I'd imagine 1/10 oz is pretty darn small.[/QUOTE]
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Thinking of trading silver for gold, need advice.
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