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 Replies: 23 / Views: 4,641 |
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Valued Member
United States
71 Posts |
I bought the kilo bar with the thoughts of trading it for gold when the ratio is right. Have any of you done this and had success?
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Pillar of the Community
Canada
1118 Posts |
There is this thing called the gold-silver ratio. The idea is you ignore the price of the two metals and trade when x amount of gold will get you y amount of silver and vice versa.
Yup and aucoinag will know more about what part of the ratio is the "sweet spot".
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Valued Member
 United States
71 Posts |
Forgot to post it when it came, I have to say it is impressive in the hand! It really feels like you have something.  |
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Valued Member
United States
487 Posts |
Would be neat to have a recognizable object in the picture to give a sense of scale.....I'll bet it's impressive though.
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Pillar of the Community
United States
4333 Posts |
Do an acid test.
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
United States
2130 Posts |
http://s1268.photobucket.com/user/C...429.jpg.htmlHere is an example when comparing to a quarter. I bought my first kilo bar in March when silver was around the $15.5ish range. It was a JM bar and I enjoy it, however, I don't think I would ever purchase a bar bigger than a kilo.
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Valued Member
United States
487 Posts |
Ahh.....Thanks for putting it into perspective Connor...that's quite a hunk of silver.  |
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Bedrock of the Community
Australia
21788 Posts |
Dunno why: I just like poured bars better than struck ones.  Edited by sel_69l
05/01/2015 9:40 pm
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Pillar of the Community
United States
2130 Posts |
I agree with you Sel...there is just something about poured bars tha I am attracted to as well.
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Pillar of the Community
Canada
3049 Posts |
My ears were ringing... someone mention my name? Who needs what?
Ahhh the GSR is being discussed... certainly one of my favourite topics...
In short.... sell silver when the GSR is around 80... buy gold.... sell gold when GSR is around 40 and buy silver..
You should really only be doing swaps when you have a large accumulation small stacks can get eaten up in the fees.
Edited by AgCoinAu
05/01/2015 10:21 pm
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Valued Member
United States
170 Posts |
I like those 10oz Scottsdale stacker bars as there small but pack some weight..
Also you take the spot price of gold and divide it by the spot price of silver.. as todays prices say 73 oz of silver = 1oz of gold as you want the lowest number for silver to get the best trade..
Silver is mined at 10 to 1 to gold but today price is 73 to 1..
Edited by Gold4Ever
05/01/2015 10:23 pm
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Valued Member
292 Posts |
very cool. I have yet to buy a kilo or anything bigger than 10oz. I'd like to buy a Kilo Tombstone if I do buy one.
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Valued Member
United States
71 Posts |
Thanks for the info and pic link. I am a bit confused though,
AgCoinAu says "In short.... sell silver when the GSR is around 80... buy gold.... sell gold when GSR is around 40 and buy silver"
Gold4Ever says"Also you take the spot price of gold and divide it by the spot price of silver.. as todays prices say 73 oz of silver = 1oz of gold as you want the lowest number for silver to get the best trade"
Am I over thinking or is that the opposite?
Just call me confused but willing to learn.
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Valued Member
United States
170 Posts |
The less silver you trade the better the deal ..
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Pillar of the Community
Canada
3049 Posts |
I have to apologize.... I was doing too many things at once.... when I wrote that last post...
As the GSR is approaching 80... It means you're getting 80 silver to one gold oz.... I'm usually buying silver a bit at a time as it can be on discount. If the GSR hits 80 I sell my gold and get MORE silver....
If ever the GSR approaches 40... I'm a buyer of gold and I will sell all silver stock to get more gold. Price doing swaps doesn't matter one iota as if you're doing the swaps you will simply acquire free ounces.
sorry if there was any misunderstanding
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Valued Member
75 Posts |
Quote:
Forgot to post it when it came, I have to say it is impressive in the hand! It really feels like you have something. Congrats! I wouldn't mind to use one of those as a doorstop. I've never owned a kilo myself, but definitely hope to own one at some time or another. Buying it to benefit from the gold/silver ratio later on is a smart move in my opinion. Edited by paulmaritz
05/07/2015 05:18 am
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Replies: 23 / Views: 4,641 |
Posted 05/01/2015 10:00 am
