POLL : Should I trade my $1,000 bag of 90% for 13 1 ounce AGES?
fivecents
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They are walking halves.
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I vote no, I might trade half a bag for sovereigns or 20 franc coins though.
My sense is that silver is going to start to shine at some point soon, but I've also been wrong before.
I knew it would happen.
Paying 24,960 for 13 AGEs comes to 1,920 per AGE.
Tulving will pay you 24,538 for your halves and sell you 40 quarter oz. AGEs still in the mint tube for 18,616.50. That gives you 10 oz of AGE quarter ouncers @ 1,861.65 per oz with 5,921 cash in your pocket.
Edited to add: I'm with jmski, maybe look at converting to ASEs or doing the above and putting the 5,921 into ASEs. 1,920 is a bit pricey in today's market for raw AGE one ouncers.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Tulving will pay you 24,538 for your halves and sell you 40 quarter oz. AGEs still in the mint tube for 18,616.50. That gives you 10 oz of AGE quarter ouncers @ 1,861.65 per oz with 5,921 cash in your pocket. >>
derryb...I was figuring Apmex BUY price on a $1,000 90% silver is $24,417.25. Apmex SELL price is $1,858.79 for 1 ounce AGEs. That comes out to 13.14 1 ounce AGEs. A bit of a haircut, but I don't mind paying a premium for AGEs. I could get a better deal with 1 ounce Krugs....but I hate everything about Krugs.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
You can do WAY more with $100 face of 90% halves than with just 13 coins. Think about when it comes time to sell the 13 coins...you only have 13 chances to negotiate a deal. With the 90% you stand far more chances of doing smaller deals to to make more of a profit in the end.
It's not all just about dollars and cents either, it's about how many opportunities do you have to barter and profit. Take it from someone who's gone down that road and tried it. 90% is by far the best thing to own when you look at it from a liquidation perspective.
Screw the taking up space thing too, just find more damn room to store/own a far better bartering tool.
.. because what I think what jmski poses is correct, I can't really answer.
The first question I would have would be why are you considering the trade? Do you see Gold outperforming Silver (GSR going up)? You want to convert for space, ease of mobility? You want to spread the portfolio around, as this is just part of you silver stack?
That said, here's a few thoughts from my cup of coffee;
I see the GSR at a mid-point, but that's a WAG; depending on which glasses I wear, it could go either way from here. I have notes that tell me to look to favor gold when the GSR is at or below 38, and favor silver when the GSR is at or above 62. That's just me. We are at about 52 today.
For me, since I am fairly happy with my ratio, if I had a bag of halves (which would affect my ratio), I would do a partial trade, considering to "sell" part of the bag and get AGE's.
Unlike derryb, I wouldn't convert the silver into ASE's, I'd keep it as is. Rolls of Walkers are well accepted, and I wouldn't see the need to convert and take the silver to silver haircut.
Like derryb has said in the past and eludes to with his roll of 1/4 oz scenario, and that piecesofme also eludes to in his smaller sizes is better prose; I'd consider fractional AGE's on that trade.
Okay, so, all that said;
A half bag of walkers should be worth about 12.K, which should then get you about 18-1/4's and 18-1/10's, or 6.3oz of gold (very close to half of what you could get with 1oz pieces in your original post). That's what I would be looking at.
For whatever it's worth, that's my cup of Italian Roast with a spot of heavy cream
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
<< <i>According to my calcs, looks to be too much of a premium as opposed to an outright buy/sell. I voted no. >>
Agree 100% 13.75 to 14 oz of gold is more of a trade to me
Liberty: Parent of Science & Industry
Are we talking about a taxable event here or a horrific boat accident between 2 stackers?
A bag of silver that was bought at 45$ an ounce might be a good candidate to swap for gold eagles at this price level assuming you wanted to offset something on your taxes.
I like silver for different reasons than why I like gold. I like the divisibility of silver, but I also like the ability of gold to hold larger chunks of value. It isn't every day that you need to plunk down $20K for something, but when you do, it's still a little more convenient to trade for it in gold than in silver. They both have their unique benefits.
Silver is more volatile. Gold is more steady. Depending on my situation, I might like one or the other for one reason or another. I like them both alot more than dollars, per se'.
I knew it would happen.
If this bag of 90% is all of your silver stash I definitely wouldn't do it. Those halves are far more divisible/barterable in a crisis situation that 1 oz AGE's. One should have
something held back that's of a smaller "denomination." While 1/10th AGE's are a good idea too, they aren't a substitute for 90% dimes, quarters, and halves.