Would you ever sell your gold for silver?

[Irons]

Don't mind me, I'm just sitting here putting pennies into air tites pretending that it's gold. Carry On!!!

[MISRy]

Why yes, yes I would. When the ratio is at 70:1. Oh wait, I already did that.

Carry on, nothing to see...

[Irons]

That would mean I would have to find some gold I'm willing to part with, hmmmm.~:hmmmm2:

Never Mind!

[917601]

"Would you ever sell your gold for silver?"

We will all soon be selling both for food.Cheers.

[ccjoe]

Why yes, yes I would. When the ratio is at 70:1. Oh wait, I already did that.

Carry on, nothing to see...

Smart move for you and irons thanking you>http://www.hardassetsinvestor.com/features-and-interviews/1/2660-how-to-play-the-plunging-goldsilver-ratio.html
I did the same thing as I guess a lot of us could see the handwriting on the wall.
Now the question is when to reverse course.
I think 16/1?

[MISRy]

Now the question is when to reverse course.

Did it at 50 and 40. Will burn the last of the 70:1 trade at 30 but if it hits 20 I'll trade all my Ag for Au except for the museum quality pieces.

[ccjoe]

Did it at 50 and 40. Will burn the last of the 70:1 trade at 30 but if it hits 20 I'll trade all my Ag for Au except for the museum quality pieces.

I may pick up a couple ozs @ 25/1 but no higher as this secular bull doesn't seem to see any end.

[NotTheOne]

you know at some point you simply have to consider the weight and space of silver.. If we have to run for our lives then silver will become very impractical..

Personally I like silver a lot more. Its a prettier and more noble medal.. . But I am considering exchanging some silver for gold because its too hard ot carry and hide..

If you think weight is a problem, trade for platinum.

[ccjoe]

If you think weight is a problem, trade for platinum.

I have NO problem storing my >4 tons of copper bars and hundreds of pounds of silver coins at my storage facility.
With Avalon's thinking, I guess I should trade it all for platinum and lose hundreds of thousands?:)

[NotTheOne]

Would you ever sell your gold for silver?

No. I would just buy silver & keep the gold.

[KGMe]

EDITED: Removing source material that has not been approved by the GIM2 staff as concession to our advertisers.

[ccjoe]

Stop being such an ass. Avalon was CLEARLY referencing a SHTF scenario and your comment has ZERO relevance.

You going to ban me big shot?
Don't tell me what to do!
Read post #38! You did not call him an ass because you are a miserable jealous bastard who is watching every post I post to bust my chops.
Stop it and get out of my business bozo!

[Irons]

...............
7425

[ccjoe]

...............
7425

I hope not irons but I am NOT going to be ballbusted by buffoons and take it.
They'll ban me again as the mods like people to call me an ass, etc but they don't like me defending myself. How weird is it when the attacked person gets banned? Is this a freedom watch site?

[curmudgeonista]

http://www.youtube.com/watch?v=RmwqnqL3Hbg

[rodzm]

Im weak when it comes to trading the GSR...went against my own strategy and traded for the precious. Provident shines once again by buying my Mexican 25 Pesos and 100 Pesos for spot and my generics for spot +.10. Pretty pleased overall...

Ended up getting a Austrian 4 Ducat (.4430) and a 1/10 oz Gold Kangaroo. Wish i couldve done it for more but I dont feel comfortable trading for more than 1/2 oz at a time...that leaves me some silver to trade if it drops to my next target of 32 or lower. Overall trade ratio just below 37 so not bad

[GodspeedMetals]

With silver outperforming gold by 3/1 or so for well over a year, would you ever think it's not too late to maximize your gains by selling your gold and going all in silver?
It seems that the GSR is inexorably headed for the 16/1 historical/geological ratio that so many of us have predicted.
When I was a newbie in the fall of 08, I bought 18 Saints> ms64's but started studying and learned the silver story. I then sold them for a modest profit to go all in to silver. If I had NOT gone in 100% to silver, it would have cost me over a 100 grand.
Is there any rational reasoning to think that this tripling of profits for we silverphiles over gold profits will cease?
Just asking as maybe it may be time to switch back to gold?

I'm no expert, my friend... but some years ago, I was with the camp that thought silver was going to skyrocket to $100 and beyond. Now, I'm seeing sights on $200 per oz... but that could be wishful thinking (I keep reminding myself). If you're by yourself, buy gold. If you have a larger family, I'm thinking silver may be best. I say this because with silver, you may be able to spread your wealth out (stretch it out) better than with gold. A few silver coins for the Mrs., a few silver coins for the kids, grandparents, etc etc.

We can play with gold to silver ratios but will it be worth your time and effort? Finding a counterparty, haggling on price, and transporting the metals. This is what I'm trying to figure out myself.

[KGMe]

EDITED: Removing source material that has not been approved by the GIM2 staff as concession to our advertisers.

[latemetal]

I have sold gold for silver, and silver for gold, just watch the ratio and take your chances. At this point, I'd sell silver and buy gold.:36_2_36:

[HeavyMetal]

I have sold gold for silver, and silver for gold, just watch the ratio and take your chances. At this point, I'd sell silver and buy gold.:36_2_36:




This statement about sums it for me too. For the last 2 months I have been trading silver for gold. As long as the GSR keeps getting smaller I will keep doing the same. When the GSR gets back to around 50:1 or so I will reverse my trades.

[Eat Beef]

Rupert says July, Sinclair, Max, Sgt 07, rogers, jim rickards, all have their timetables and mine is within one year.

I don't follow gurus much at all, so I don't know about the rest of your soothsayer's track record, but Sinliar GUARANTEED gold would be above $16xx about 4 months ago. We're still better than 100frns away. He also said the buck would collapse in November of a long time ago, again, it has yet to happen.

IOW, bandying about timelines from various broken clocks doesn't impress everyone, only the no ones.

[ccjoe]

http://seekingalpha.com/article/263874-12-reasons-why-silver-will-outperform-gold?source=email_macro_view
FWIW

[GodspeedMetals]

No doubt the house of cards will collapse. However, it won't happen in the next year. I doubt it will happen in the next decade.

It's always good to be reminded that the S won't H T F tomorrow, next week or even next month. I'm bound to fully combust at the rate of worry I've been feeling lately. But next year? It could very well happen and I won't talk myself out of that belief.

When you've got big hog internationalists meeting up for currency summits and moving around like chess pieces... I'll be waiting for the civilian police to be fully visible in the streets (and armed). Then I know the S has really H T F. Where are they now? At the airports, highway checkpoints, and govt buildings. Next, it'll be banks, liquor stores and supermarkets.

[curmudgeonista]

...bandying about timelines from various broken clocks doesn't impress everyone...
Well said.

Some folks are going to seek out "experts" to tell them what to do, more often than not, selectively following only the ones that tell them what they wanted to hear in the first place.

At the heart of the GSR trading issue is whether YOU believe silver will continue to outpace gold going forward or whether YOU think gold will begin to make-up lost ground. That's a collective "YOU", a question for each to answer for themselves. It doesn't matter how high (or low) spot prices go, the GSR is merely a comparison between the two metals. I know that's obvious, but some folks need to be reminded.

The link a couple of posts up is to an article that professes to give "12 Reasons Why Silver Will Outperform Gold". It actually makes only one argument relating silver to gold, that being that silver has outpaced gold for the last couple of years. The implication, of course, being that this necessarily means it must continue to do so. Nine of the other 11 are more backward looking stats on how much silver has grown, but not why it has and nothing about why gold hasn't. Two more points attempt to give "whys", but they are only arguments for why silver should continue to rise in price, not why it would continue to rise faster than gold. It's basically another case of misdirection, though I'm not sure it's intentional... more like tunnel-vision where the author thinks cheering for silver is the same as proving that gold is less likely to gain as much ground.

Yes, silver has outpaced gold for the last couple of years. Does that convince me that silver must continue to do so (or maintain a low GSR if there is a correction)? No, it actually makes me wary of how long this situation can hold.

I can't say silver won't continue to beat gold. I can't say it will. I do say, the more silver does, the more I lean toward gold catching on fire. I see it like tectonic plates. Put enough strain on the fault line and at some point it's gotta' break loose.

Whatever is to happen, I'm watching, weighing my options, and trying to handicap the odds of one scenario versus the other, as well as the possibility they both take a plunge.

There are those that look at the weather and expect tomorrow to be just like today. Then there are those who look at it and say, "I wonder what tomorrow will be like?" Experience tells me that it won't stay the same forever.

[Mr. Shiny]

Curmudgeonista: The antithesis to the OP.

It is quite refreshing to read posts by articulate and savvy members.

[ccjoe]

Curmudgeonista: The antithesis to the OP.

It is quite refreshing to read posts by articulate and savvy members.
It is strange NOT refreshing to read posts that seem to be in denial.
I made my decision to sell my Saints when I was a newbie.
I then put 100K into silver about 2 years ago.
I am now up to almost 400K with that investment in silver alone.
If I had listened to MANY of these refreshing people and stuck with gold, I would have NOW been down 150K from the 400K. This is real money that I have taken profits on and spent on my fam NOT bull**** dreams and refreshing and saavy.
It IS amazing how people read gurus that say buy gold, and then stick with those decisions that cost their families a LOT of bread.
Like my MAIN man jim rogers says> 100 people get the same info and 98 get it wrong.
God bless all those who follow gold all the way down to 16/1 and WILL not change their closed minds.
Facts are tough to get around> Every day you are costing yourself a LOT of money http://www.kitco.com/market/ To those who chose silver, congrats> you've made a fortune for yourself and your fams:)

[curmudgeonista]

Again, the question is not where we've been. The question is, where are we going now?

The fact that silver has had this geometric 4x increase since it's most recent bottom in late 2008, and gold has merely doubled in that same time frame, is EXACTLY why I question if gold is now due to make up ground.

At the point that the GSR turns and runs the other way, you want to be riding gold... just as riding silver while the GSR drops yields better results. We are not necessarily talking about price increases, though they do seem to go hand-in-hand with changes in the GSR in the present environment.

I hope that spots do continue to rise, but the issue of trading the GSR is not directly tied to price increases. It may just as well be that both gold and silver are dropping, but the GSR is adjusting back up toward the range that had become more the norm in modern times. In that case, trading costs you nothing in lost profit. You can still sit on your stack waiting for prices to head the other way. In the meantime, you may well have increased the size of your stack.

More likely, it seems, we could see a GSR correction while prices do continue to rise. You can also build your stack trading the GSR in that scenario, as long as you back the right horse.

In either case, the other side of the coin (NPI) is that you might well do even better timing buys and sells instead of trading. However, the overwhelming sentiment among GIM type thinking is that the risk of getting caught with your pants down and finding yourself with a reduced stack (or no stack at all) just when you need it most is not worth the risk. Therefore, a lot of GIM-ers much more astute than I have long advised trading the GSR and counting your wealth in ounces instead of FRN's. If anything, I'm only spreading the gospel they have taught me.

Maybe I'm just too hard-headed to think that I should continue to trade gold for silver at these sub-35/1 GSR levels when 50/1, 60/1 and higher are still such recent memories. I dunno'. Maybe it's only wishful thinking on my part to believe I have the next big play figured out, rather than banking on the last one continuing in perpetuum. I dunno'. OTOH, maybe I'm spot on. The bottom line is, I'm not going to allow myself to be wear blinders. I'll pick my moment. Place my bet. Watch the race and live with the outcome, right or wrong... and without whining if I make the wrong play!

BTW, I also hope not to be boorish enough to run around quoting the payoff if I win. I've done right well playing silver, but how well will remain a conversation I prefer to keep to myself.

[Fiat Metaler]

i can see why people are trading silver for gold now. the lower the GSR goes, the greater the risk in silver relatively speaking. still, i plan to trade some gold for silver and will list it here when I get around to taking pics.

i also have several hundred face in copper that I will trade for silver. if anyone is interested, pm me.

[ME Co.]

I personally hope hope the ratio does head back up sometime this summer. I procrastinated and missed out on alot of trades and wouldn't mind trading some gold back for more silver starting at 50 or 60. That said I may be taking a half dozen 5oz bars to my local and see ifn I can wrangle another Krug out of him shortly. 1/2 bag of 90% is worth 10oz online now- tempting but too much of mine is in sets. HH all- it is a hunt after all. Mark:36_2_36:

[ME Co.]

i can see why people are trading silver for gold now. the lower the GSR goes, the greater the risk in silver relatively speaking. still, i plan to trade some gold for silver and will list it here when I get around to taking pics.

i also have several hundred face in copper that I will trade for silver. if anyone is interested, pm me.I look at it as taking the silver profits in gold cause during a major correction silver always falls harder than gold- of course this time may be different. HH Mark