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 Replies: 18 / Views: 4,176 |
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Pillar of the Community
United States
4692 Posts |
I don't like any of the metals right now. I would sell and go to cash or an alternative investment.
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Pillar of the Community
Canada
3049 Posts |
I would hold off on swapping your gold for silver until the GSR gets up to around 75 - 80... (if it ever gets there).
As for the price of silver... well who's to say what on that.. It is my opinion that the price of silver shot up to nearly $40 an oz because of the "paper silver" and silver derivatives all having to hold as much physical as they were selling on paper. This in short cause a spike in demand.. Silver has been dancing around 18-24 for the last two years and I personally don't see any reason why it would "spike" in price at anytime soon.
I would caution the purchase of PM's in terms of an "investment" strategy.. and state that buying PM's is more like hedging against inflation.
Now what would I do if I was in your shoes? Well if I had a bunch of coins which I really wasn't interested in... I would most likely sell them to get into something I was more interested in... be it skiing, fishing, dance lessons or PM's .. what ever tickles your fancy... life is short enjoy it!
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Pillar of the Community
Canada
1700 Posts |
Why sell gold now? To replace it with silver, a metal that trends with gold?
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Pillar of the Community
Puerto Rico
778 Posts |
No, I am a collector, not an investor or speculator.
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Pillar of the Community
Canada
2495 Posts |
Quote:
Why sell gold now? To replace it with silver, a metal that trends with gold?
Peterson......silver does not trend with gold. Over the last 15 years, you could have greatly increased your PM ounces by swapping silver for gold and then swapping back the gold for silver when the ratios favoured this. The GSR (gold silver ratio) has fluctuated from 35:1 to 100:1. EX. at 100:1 you swap your 5 ounces of gold for 500 ounces of silver. When the ratio hits 35:1, you swap your 500 ounces back to gold and you receive 14.2 ounces of gold. The beauty of this system is you need not pay attention to the price of the PM's, rather you must focus in on their 'relative' price to each other. Edited by doubleeagle59
08/19/2014 6:46 pm
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Valued Member
 Canada
84 Posts |
Interesting replies so far, along the same lines of what I've been thinking.
from my reading it is clear the gold/silver ratio is a long way from the historical average,
with silver much lower. some are saying that both are likely to go up, that suppression can't last
forever and that if the historical ratio returns silver will gain more in value than gold.
from what I'v been reading it sounds like "paper" gold and silver is a giant scam, with many
people supposedly "owning" the very same possibly even non-existent piece of metal, I will not
go anywhere near that. If I had more expendable cash I would be buying more silver, and I am wondering
if there's more to gain with silver than gold, I've read some quite convincing sounding arguments
for silver over gold.
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Valued Member
Canada
84 Posts |
doubleeagle59
i hadn't thought of that, interesting, I was mainly thinking about swap and hold.
More food for thought !
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Pillar of the Community
Canada
1118 Posts |
The bottom could drop out of either or. I do not play the metals game per se (other then to use as trading tools) but I suppose the old adder "Don't put all your eggs in one basket" applies here.
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Pillar of the Community
Canada
2495 Posts |
I believe for the long haul, PM's is the only way to go.
Think of it this way.
If you were handed $100,000.00 and told you had to invest it for 20 years and you could only invest it in one sector without changing it for the 20 years, would you choose:
a) cash
b) stock market(choose one blue chip stock)
c) balanced mutual fund (most likely includes a good percentage of bonds)
d) Precious metals, Platinum, gold and/or silver.
With the abundance of money printing and huge run up of government debts, I would hope everyone would choose 'd'.
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Valued Member
Canada
348 Posts |
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Pillar of the Community
Canada
3049 Posts |
The GSR swap is THE best way to gain free metal. And as one previous poster had mentioned you don't have to care about what the price of gold or silver is at any point...
Now I have my own opinions on gold and silver... I really don't use either as an "investment"... sure I buy them but to me owning them is like storing money in the mattress.. just this currency is recognized all over the world.. easily transportable and very malleable.
If you look at what an ounce of gold could buy 100 years ago, it's pretty much the same.. the difference in dollar value is attributed only to inflation. That's why I don't look at PM's as investment at all....
To answer doubleagle's proposition with 100K I would NEVER place all the eggs in one basket.. but IF I had to pick one it WOULD be stocks... but MORE than just one....
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Pillar of the Community
United States
4333 Posts |
Then the gov steps in and caps PM prices, or even outlaws ownership, to protect the dollar. Anything is possible.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
Japan
666 Posts |
we sell coins in order to buy coins that will be sold too ... the only thing that matters - the amount of ounces must increase and the quality of the coins must be improved (i.e. if sell kookaburras proceeds must be put into pandas for the same price or lower)
see no problem in swapping gold for silver. Silver coins are better than gold coins as with silver coins you can make more money as they appreciate in price faster. Of course there is a learning curve, you will have to learn and develop a taste of what is going to appreciate in the future, and what will stay the same or drop in price.
ratios and other things do not matter a lot.
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Pillar of the Community
United States
1037 Posts |
Personally, I'd keep the gold and sell the non-PM coins.
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Valued Member
Canada
84 Posts |
yes welder, I think selling the non-PM coins to put into silver may be the way to go,
but it seems that may not get me very much silver. Most of what I have is Canadian coins,
including almost all the cased nickel dollars and double-dollar sets from 1970 to about 2002 which don't appear
to be worth very much. I also have the silver ones but I think I should hang on to those.
i also have a fair bit of circulated stuff that may or may not be worth anything over melt,
that's proving to be the more difficult stuff to estimate value, along with older nickels (1922+)
that might have some value.
if I were to sell any gold, such as late '70's + early '80's Canada $100 22k half ounce coins what is the lowest
i should expect, melt price or higher ? same question for British Sovereigns and Austria 1 + 4 Ducats.
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Replies: 18 / Views: 4,176 |
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First Page
Posted 08/19/2014 5:19 pm
