Discussion in 'Bullion Investing' started by goldcollector, Apr 17, 2017.
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Gold UP almost $400
Silver DOWN $4.05
GSR UP 70%. ( 68 to 111 )
Hmmm. Who knew
could've made money by swapping gold for silver when the ratio was 120-something, and then swapping back when it fell back to 100 -- except that when silver was at its lowest, you couldn't buy it at that price.
The spot prices of gold and silver aren't that meaningful to most of us, because we can't buy or sell at those prices; we have to sell at a lower price and/or pay fees, or buy at a higher price and/or pay fees. If you're trying to "swap" gold and silver, you're effectively losing on both ends, because (at least in the venues I can use) you have to sell one and then buy the other.
Seemed to reverse course at 97.
Who could have guessed ?
"GSR 87. STILL WAITING"
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