A poll and discussion about a hypothetical allocation of personal bullion. What would YOU do?
PutTogether
Posts: 2,141 ✭✭✭
Picture this:
You currently own $10,000 of silver. The actual version of the silver isn't important. Picture it is easily exchangeable and liquid, and if you sold it all on the open market today, you could get $10,000 cash without haggling. Imagine also for the sake of argument that if you decided to convert to another metal, premiums would be low enough to be negligible. ie: You wouldn't sell 100oz bars of silver to buy 1/10 oz Proof Gold Eagles.
Would You:
1) Liquidate the silver to get $10,000 in cash, and wait a bit for silver to settle, with the intent to buy back in at a lower price, knowing that if it spikes up really quick you'll buy back silver having lost a few ounces for taking the chance.
2 Turn the 10K worth of silver into 10K worth of gold. (Or platinum)
3Turn some but not all of the silver into gold. (If so, what percentage)
4 Do nothing. Stick with $10,000 in silver and see what happens. (to anyone who chooses this option, I'd be especially interested to know that if you had $10,000 worth of gold to start with, would you swap the gold for silver?)
I want to keep the hypothetical purely about metal, so no selling the metal to pay medical bills, buy real estate, etc. Just bullion swaps or cash for the sake of this argument.
You currently own $10,000 of silver. The actual version of the silver isn't important. Picture it is easily exchangeable and liquid, and if you sold it all on the open market today, you could get $10,000 cash without haggling. Imagine also for the sake of argument that if you decided to convert to another metal, premiums would be low enough to be negligible. ie: You wouldn't sell 100oz bars of silver to buy 1/10 oz Proof Gold Eagles.
Would You:
1) Liquidate the silver to get $10,000 in cash, and wait a bit for silver to settle, with the intent to buy back in at a lower price, knowing that if it spikes up really quick you'll buy back silver having lost a few ounces for taking the chance.
2 Turn the 10K worth of silver into 10K worth of gold. (Or platinum)
3Turn some but not all of the silver into gold. (If so, what percentage)
4 Do nothing. Stick with $10,000 in silver and see what happens. (to anyone who chooses this option, I'd be especially interested to know that if you had $10,000 worth of gold to start with, would you swap the gold for silver?)
I want to keep the hypothetical purely about metal, so no selling the metal to pay medical bills, buy real estate, etc. Just bullion swaps or cash for the sake of this argument.
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