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Gold or Silver Advice sought

SmittysSmittys Posts: 9,877 ✭✭✭✭✭
in Precious Metals
I have 20 GAE, would you hold or trade for silver.
Which has the best potential ?
https://www.ebay.com/str/christyscoins

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    derrybderryb Posts: 38,628 ✭✭✭✭✭
    i stack both, but IMO silver has the most upside - not anytime soon.
    If your AGEs are one ouncers contact tulving.com and work out a sellAGE/Buy ASE deal.

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    OPAOPA Posts: 17,171 ✭✭✭✭✭
    Have you ever considered a gold for platinum swap? Much rarer than gold and has a large industrial demand base geared to economic conditions.

    corrected to say what I meant...trade your gold for platinum.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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    rickoricko Posts: 98,724 ✭✭✭✭✭
    It is good to have both silver and gold.....Cheers, RickO
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    SmallTownCoinsSmallTownCoins Posts: 688 ✭✭
    With the ratio at 56 to 1 I'd be all over the silver...
    My little pea brain says that silver should be about $80 right now...
    Support your local Coin Shop
    LM-ANA3242-CSNS308-MSNS226-ICTA
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    GRANDAMGRANDAM Posts: 8,785 ✭✭✭✭✭
    Keep the gold and make all new purchases in silver until you get the amount of silver that you desire.

    If short on cash for the silver than sell 25% of your gold and you should be able to pick up 250 - 260 oz of silver. Then just keep adding silver as funds become available.

    GrandAm image
    GrandAm :)
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    Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    I would definitely hold the gold !!! image
    Timbuk3
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    DoubleEagle59DoubleEagle59 Posts: 8,433 ✭✭✭✭✭


    << <i>With the ratio at 56 to 1 I'd be all over the silver...
    My little pea brain says that silver should be about $80 right now... >>



    I've been struggling lately with this ratio.

    It seems nowadays a ratio of 55:1 is about the norm.

    30:1 being low and 80:1 being high.

    For this reason, I'd hold an equal weighted value of gold and silver.

    At 80:1 then swap gold for silver and at 30:1 swap silver for gold. (whichever comes first)
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
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    derrybderryb Posts: 38,628 ✭✭✭✭✭
    consider the tax consequences on profits (even if traded) of getting out of the gold. You are going to owe those taxes sooner or later, just be prepared to pay them from the sale.

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    nibannynibanny Posts: 2,761 ✭
    I personally prefer gold but if I were you I would convert at least 5 ounces into silver.
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
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