Traded Gold For Silver

Yeah you're right sorry about that.... I havent been around for a couple months need to brush up on my ettiquite>>>>sincere apologies to the op!

seems a valid reason. Makes no difference if it's a 15g gold ring or a 15g gold bullion bar/coin. If I need cash I need cash. Makes no sense to pay to turn my gold from one shape to another unless it was the other-way-round, if I was ever want to wear my gold

No doubt that she or a relative has had a problem with adulterated gold. Once people start adding copper or some other base metal to gold there seems no end of it and the "gold" just gets more and more dilute. The Romans did this with their gold coin currency way back when. I knew that they had invented a number of things but did not know until recently that this included inflation. :-/

Angel, those types of deals are fair. Exactly why the scrap gold market exists: to help folks monetize precious metals of unknown compositions.

Don't second guess yourself. Sounds like a good deal to me.

This is an excellent bit of advice for any investor and that includes PM investors. Do the best that you can with the info you have available at the time and don't look back afterwards. Monday morning quarterbacking is easy. Anyone can do it. The real trick is to be able to do well when it counts. For most investors, this means that you will make money 1 time in 3, you will break even 1 time in 3, and you will lose money 1 time in 3. If your gains are bigger than your losses, you will be deemed a successful investor.

Part of that decision would depend on whether or not you really want to own this particular coin. I can see a nice coin like that being the cornerstone in a PM collection and one well worth keeping for that reason alone. Also, this coin could have considerable numismatic value. I'm not a gold collector so do not know if this is the case but it might be. If it is, then that could also affect your decision.

If you are into trading gold for silver and silver for gold based on the gold to silver ratio, then you would want to trade gold for silver when the ratio is high and then trade silver for gold when it is low. By doing this over time, you can increase the number of PM ounces you own.

For example... suppose that the G/S ratio is 60:1. You can trade an oz. of gold for 60 oz. of silver. A year or two later, the G/S ratio falls to 30:1,
so you trade your 60 oz. of silver for 2 oz. of gold. By doing this you have doubled your ozs. of gold.

Such trades are probably not this extreme. I am just using some round numbers to show how it works.

Wow I had never though of doing this. Most of the time I take in the gold I get at auctions locally for quick cash, When I could have traded it for silver and made more money when the market rise's again.

Thanks all a new way to look at things!