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Moved Gold into Silver today......

DoubleEagle59DoubleEagle59 Posts: 8,318 ✭✭✭✭✭
in Precious Metals
With a GSR of plus 70, I converted a large percentage of gold holdings into Silver bullion.

When the GSR hits 50 to 1, I'll transfer this silver back into Gold for a 40% gain of my original Gold ounces.

Who cares about price fluctuations (up or down) when you can increase your quantity of PM's.
"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)

Comments

  • greghansengreghansen Posts: 4,301 ✭✭✭
    Interesting, and I like the move. Good luck.

    Greg Hansen, Melbourne, FL Click here for any current EBAY auctions Multiple "Circle of Trust" transactions over 14 years on forum

  • jmski52jmski52 Posts: 22,869 ✭✭✭✭✭
    I've never done it that way, but I think it's a good plan.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • DoubleEagle59DoubleEagle59 Posts: 8,318 ✭✭✭✭✭
    I may be jumping the gun a bit because the GSR could go as high as 100 to 1, but there's still some 'AU' in reserve.
    "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)
  • derrybderryb Posts: 36,836 ✭✭✭✭✭
    smart move. I moved dollars into USLV today

    Added: and back out the next day. image

    Natural forces of supply and demand are the best regulators on earth.

  • DrBusterDrBuster Posts: 5,393 ✭✭✭✭✭
    Nice! I did the reverse when silver was in the 40s, smart play DE.
  • JulioJulio Posts: 2,501 ✭
    image. Take care. jws
    image
  • johnny9434johnny9434 Posts: 28,344 ✭✭✭✭✭
    sounds good
  • tneigtneig Posts: 1,505 ✭✭✭
    W/O following the GSR, I've been doing the opposite with the generic silver over time. I had a lot of generic/junk silver.
    Didnt' care about that when it was $30+, but now I feel different.

    I'd expect the profit you propose may be harder in real life for most people to pull off.

    I'm pulling out some bond money. I'd pull out more but don't know what to put it in, treasury fund?
    COA
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    oops
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Interesting. I always like to hear peoples strategies.

    Me? I said it awhile back on here and am holding firm to it, but it's gotta happen first lol. If silver gets to $22, I will sell every oz of the non-collectible portion of what I have and pay down some CC debt. I dont anticipate to add to this portion of my stash as it heads downward until if it were to hit $10/oz.
    To forgive is to free a prisoner, and to discover that prisoner was you.
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