| Author |
 Replies: 27 / Views: 4,674 |
|
Pillar of the Community
Canada
1731 Posts |
Hey guys. I have recently reach my goal of 50oz of silver (I know that 50oz is not alot but its pretty good for me  ) my silver collection is mostly bars and rounds, but I do have 10oz in old silver dollar and halves. Now that I reached my goal of 50oz, should I invest in some gold? I may only be able to get in total about 1/2oz of gold, but thats all I can afford right now. So should I invest in the gold? or keep stacking the silver. Thanks |
|
|
|
Bedrock of the Community
United States
36643 Posts |
Add some gold, no matter how small. I try to stay about 50/50 on my gold/silver insurance stash.
|
|
Bedrock of the Community
Australia
21786 Posts |
Diversification means safety.
I would suggest that some gold added to your stash would serve that purpose.
Then diversify a little further: How about oil futures? (just kiddin')
|
|
Pillar of the Community
United States
1211 Posts |
I agree. Put it towards some gold, then slowly work your way back up to more gold!
|
|
Pillar of the Community
United States
3184 Posts |
diversify and keep adding more silver and add gold as well even if you have to do it slowly
|
|
Pillar of the Community
United States
1454 Posts |
Ah, to be young and full of questions again. Kidding aside, I'm less than 33 oz. away from 1k and still haven't added more than 1/4 oz. of gold, yet. And that amount was simply part of a larger commemorative AG set I wanted. But if you get AU, try and add larger increments rather than swiping the little stuff, even if that means saving up for it longer.
|
|
Pillar of the Community
United States
4008 Posts |
What Traevin said. The premiums on 1/10th oz. gold coins is brutal. If I was buying some gold, I would probably go with about half of it in 1-oz. coins, 1/3 in half oz. coins, and the final 1/6 in 1/4 oz, coins. The smaller coins would not be purchased to minimize the premiums charged, because they do not, but to better enable various possible transactions. Of course, everyone will have their very own idea of what sounds good to them and none of them are appreciably better than any other. Do what works for you and your future plans.  |
|
Valued Member
United States
372 Posts |
If I had more money on hand I know of a cash for gold place that will actually sell me their gold and silver coin at spot price. It doesn't matter if it's bullion or coin, everything is spot. That is one way I could increase my stockpile, it just sucks I'm broke.
Mike
|
|
Pillar of the Community
Canada
1723 Posts |
I would add gold. I've been trying to add 1/2oz for every 15 to 20oz of silver ish. I'm sitting with 1/2oz gold right now and about 35oz of silver. Once I get to 50oz I will sell off 25oz to raise funds for another half oz gold. I start with the gold first, then start adding silver till I get to 50oz again and then repeat. At least that's the plan and based on market conditions at the time. Too expensive to buy half ozes in one shot so at least by adding the silver, I have something better than fiat. I don't want to buy anything smaller than half oz because the premiums just get ridiculous. Not to mention that the coin sizes are so small. I like holding coins that have some kind of presence. Just my opinion. Cheers!
|
|
Valued Member
Canada
178 Posts |
Being that you are from Canada, keep in mind (if I understand the tax laws correctly) that bullion sales under $1000 do not fall under income. So for me I like 5 oz silver bars. With gold anything under 1k has huge premiums, however diversification is very very smart.
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
If I had more money on hand I know of a cash for gold place that will actually sell me their gold and silver coin at spot price. It doesn't matter if it's bullion or coin, everything is spot. - Mike That's quite a resource for a PM collector. You are lucky to have something like this close to you. Most shops that sell PMs usually ask for more than spot for silver and gold. Once you do get some cash, this would be the place to upgrade it to real money. An interesting plan, Sam. Do you consider the gold / silver ratio at any point in this or is the plan relatively fixed. Either way can work but I am curious as to how, or even if, you are approaching this. Recently, the gold / silver ratio has approached 60:1, which seems high to be, at least as far as recent gold and silver price history goes. It has been even higher than this but it has also been lower than this. Anyone know what the average G/S ration has been for the past 10-15 years? Being above that number could indicate that gold is over-valued in relation to silver and vice versa. |
|
Pillar of the Community
 Canada
1731 Posts |
I just dont like the huge premiums of gold anything below a full oz. But gold is gold, maybe ill look into some american coins that have gold in them?
|
|
Pillar of the Community
United States
808 Posts |
Quote:
I just dont like the huge premiums of gold anything below a full oz. I'm sure many of us here feel the same way about the high price of Au fractionals. Fractional gold does occasionally go on sale. Not that long ago APMEX actually had half ounce gold Maples on sale for a lower commission per ounce than the 1 troy ounce coin. I'd NEVER seen a fractional deal like that before. The sale actually ran for a couple of days which amazed me. I understand that even a half ounce gold coin represents a very large chunk of change for most of us. Unfortunately, the 1/4 ounce and 1/10 ounce coins rarely go on sale since people seem willing to buy small gold coins they can afford, regardless of commission. I don't buy much, but my most satisfying fractional gold purchase to date has been small gold commemorative coins. The added numismatic value and appreciation potential helps me justify the cost while keeping me within budget. Edited by coinwatch
07/09/2012 5:16 pm
|
|
Pillar of the Community
Canada
1723 Posts |
@Ed_B. At this point I don't factor in the gsr into my plans....yet. I have been looking at it and learning and trying to fully understand the game but I'm just not there yet. I do see a lot of chatter about it being 1 to 58 area and that many are considering trading in their gold for silver when she spills over the 60 mark. So in that regards, trading silver for gold may not be the best thing right now. However, as it stands I'm still fairly new to the game and am just trying to add both to create a core stack still. I just happen to use silver as my way of saving for my gold. My experience with silver has dramatically increased over the past year, far more than my understanding of the gold market. With this, I find I've gotten increasingly better at timing my buying of silver allowing me to stack more for less. After I've built that core stack, I will start a fun stack that I can play with. Until then...adding both metals for the best price (during what I would consider a good dip) is my only concern.
|
|
Pillar of the Community
United States
808 Posts |
Two of my favorite fractional coins...   Edited by coinwatch
07/10/2012 12:50 am
|
|
Pillar of the Community
United States
4008 Posts |
Understood, Sam. Please do not think that I was criticizing your plan because I was not. I was interested in your thoughts and plans and wanted additional comments from you on that. Thanks for sharing.  |
| |
Replies: 27 / Views: 4,674 |
Posted 07/07/2012 1:51 pm
