GSR

[Roy]

GSR of 90:1

Is anyone actively trading this? Is it worthwhile?

I recall @Darr3nG doing quite well before 😎

[modofantasma]

1 hour ago, Roy said:

anyone actively trading this

All about the buy high sell low 😎👍🏼

Seriously though, here's an interesting idea...

I just looked at Atkinsons (other dealers also available) you can buy a 1 Oz gold for £1494 now and at the same dealer 64 Oz silver with the same money... £23 odd an Oz silver.

If silver goes up 30% relative to gold then that would narrow the spot ratio to about 60ish to 1 and you'd need to sell your 64 Brits for about £31 each whilst spot is just over £20. 

Were people buying Brits over £30 an Oz in the past couple years even? 

I can see the GSR plays working on paper markets or buying at spot but does the premium and vat and postage erode away anything but large swings in the ratio?

[Darr3nG]

2 hours ago, Roy said:

GSR of 90:1

Is anyone actively trading this? Is it worthwhile?

I recall @Darr3nG doing quite well before 😎

As @modofantasma mentioned, trading the "paper" GSR is difficult with physical metals - although I called it GSR in my original trade listings, I was actually using the real "trading" ratio, with prevailing prices from the forum buy & sell.

Whilst I did OK one of the times (I think I had traded approx. 15oz silver for a sov, and then got ~20oz, trading back a few months later), the other trades simply achieved my goal of swapping silver for gold.

Interesting timing of your post... I am actually considering listing a new trade listing, silver for sovs  

[Booky586]

Since the introduction of vat on European bought silver I've lost interested in buying silver bullion, I'll still buy the occasional collectable coin though.

However, for the first time I have just bought some "paper" silver, an ETC (SSLN) in my SIPP, based on its spot price and the GSR.

I just have to sit back and watch the value fall now.....😀

Edited July 28, 2022 by Booky586

[modofantasma]

2 minutes ago, Booky586 said:

Since the introduction of vat on European bought silver I've lost interested in buying silver bullion, I'll still buy the occasional collectable coin though.

Similar boat to you (hope we don't capsize) I sold north of 500 Oz in March, mostly £24 an Oz plus, which was roughly 30% profit after costs. Recently bought a bit of paper at £15 and will do 3 more purchases at levels I've set, purely a swing trade. 

I'm still holding an amount of physical silver but haven't added much to it the past 18 months. Physical gold just makes more sense to me for part of my 'long term savings' 

[modofantasma]

One of the reasons that worked well though is because I'd bought before 'the premiummmms' went to the moon and started in 2018.

Buying a couple of £ over spot per Oz was doable then. Now the best I've seen recently is about £6 over spot but more typically people are asking 7 or £8 per coin in premium even on here. 

[LawrenceChard]

2 hours ago, Darr3nG said:

Interesting timing of your post... I am actually considering listing a new trade listing, silver for sovs  

Is that for gold sovereigns or silver sovereigns?

😎

[LawrenceChard]

5 hours ago, Roy said:

GSR of 90:1

Is anyone actively trading this? Is it worthwhile?

I recall @Darr3nG doing quite well before 😎

G.S.R.?

https://acronyms.thefreedictionary.com/GSR

😎

[CANV]

GSR is my BBQ acronym.  Good Steak Ruined