What would be a fair trade of 90% for gold?

bestmr

I recently got a SDB and I've come to discover I have a decent amount of 90%. What would be a fair trade for lets say a 1/4oz of gold, be it AGE or just a regular bar? $25? $27? I know it will vary depending on the spots at the time. I'm just asking as I don't want to go in with a figure in mind and waste my time and the dealers time.

gsa1fan

I go by current gold silver ratio oz for oz. Kitco has it at 65.6 to 1

For a 1/4oz gold 16.4oz of silver so approx $22.70 FV 90%

Metalsman

<< <i>I go by current gold silver ratio oz for oz. Kitco has it at 65.6 to 1

For a 1/4oz gold 16.4oz of silver so approx $22.70 FV 90% >>



Not sure anyone would trade a 1/4 AGE for 16.4 oz silver or 22.70 of 90%.. but if they did I know what side of the trade I'd want ...

Heck I might even go 17 oz or $23....

RGJohn

<< <i>I recently got a SDB and I've come to discover I have a decent amount of 90%. >>


May I beg to ask please, what does this mean? I know what 90% is of course but what is a SDB?
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<< <i>...... What would be a fair trade for lets say a 1/4oz of gold, be it AGE or just a regular bar? $25? $27? I know it will vary depending on the spots at the time. >>


I think an AGE would enjoy a certain amount of recognition placing it preferentially ahead of any bars.

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I'll swap a 1988 Olympic $5 Gold coin ( 0.2419 oz. Au) for $ xxx 90%. Each delivered. PM me if interested and let's lock a rate.

Robb

Safe Deposit Box

bestmr

Sorry, I was just too lazy to type that. I never thought about going the actual silver content way. I was thinking more along the lines of X face. If I figure in a 12x face, $25 should be around $300. Seems do able on paper but IDK about real life.

gsa1fan

$300 would be more realistic for a 1/4oz AGE my example was a even oz for oz trade.

I think a trade should be fair to both party's~JMO

RGJohn

Thanks for the replies. SDB, good one. We live in a world of acronyms.(WLWA).
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Anyhow, yes your example is workable in reality as well as in theory. That ratio or basis for trading is pretty fluid though as the 16 to 1 days are long gone. Other traders on this site and myself have 'locked' onto a price (multiple of face) for any given transaction. It works well as it's quite definate.
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Also one's 'junk silver' needs to be better than junk. Slicks, holed and/or bent are not the wanted thing. Seems ironic but there you are.

BigMoneyLewis

With silver having a much more explosive upswing in the future, than gold could ever dream of,
the man holding the silver will come out on top on this trade.

Lewis

dontippet

I had to get out my LOA (List of Acronyms).