Gold To Silver?

[KevjustKev]

Is it worth, at todays prices to swap gold for silver? At spot, it 91 to 1. Now this won't be the same as trading a 1oz gold Brit for 91 Silver Brits, but what would be the 'going price?'

As for the reason, it's a lot more easy to sell a couple oz's of silver than a oz of gold.

Ideas?

[Happypanda88]

On paper, the current GSR may be 91-1.  But I think you will do well to get anything over 65-1 for physical.

[dicker]

48 minutes ago, Happypanda88 said:

On paper, the current GSR may be 91-1.  But I think you will do well to get anything over 65-1 for physical.

Buying in bulk may help a bit but not lots on the price.

[Orpster]

2 hours ago, tallthinkev said:

Is it worth, at todays prices to swap gold for silver? At spot, it 91 to 1. Now this won't be the same as trading a 1oz gold Brit for 91 Silver Brits, but what would be the 'going price?'

As for the reason, it's a lot more easy to sell a couple oz's of silver than a oz of gold.

Ideas?

 

2 hours ago, Happypanda88 said:

On paper, the current GSR may be 91-1.  But I think you will do well to get anything over 65-1 for physical.

I would happily have a conversation about swopping 65oz of my 999 file silver for 1oz of 999 fine Gold should anyone be interested

 

[KevjustKev]

1 hour ago, Orpster said:

 

I would happily have a conversation about swopping 65oz of my 999 file silver for 1oz of 999 fine Gold should anyone be interested

 

 Are you up for it? The conversation that is!

[Orpster]

52 minutes ago, tallthinkev said:

 Are you up for it? The conversation that is!

Yes mate, have dropped you a PM

Edited August 20, 2022 by Orpster

[LawrenceChard]

On 20/08/2022 at 15:54, tallthinkev said:

Is it worth, at todays prices to swap gold for silver? At spot, it 91 to 1. Now this won't be the same as trading a 1oz gold Brit for 91 Silver Brits, but what would be the 'going price?'

As for the reason, it's a lot more easy to sell a couple oz's of silver than a oz of gold.

Ideas?

It's a lot more easy to carry a few kilos of gold with you than to try lug around the same value in silver, and it takes up a lot more room under the floorboards.

😎

[KevjustKev]

4 hours ago, LawrenceChard said:

It's a lot more easy to carry a few kilos of gold with you than to try lug around the same value in silver, and it takes up a lot more room under the floorboards.

😎

And 1/32nd of 1kg gold is even easier 

[Darr3nG]

8 hours ago, LawrenceChard said:

it takes up a lot more room under the floorboards.

I think I know where LC may "store" his stack!

Can't believe he posted this on a public forum... now, to find his floorboards!

[LawrenceChard]

4 hours ago, tallthinkev said:

And 1/32nd of 1kg gold is even easier 

If all you own is one ounce of gold, it doesn't really matter, but it would still be easier to carry / post than 90 ounces / 3 kilos of silver (in any form).

If you have 2 or 3 kilos of gold, in any form, and you want to sell / deliver / post / move / transport / store it, it is much easier than doing the same with 180 or 270 kilos of silver in any form. Multiply that by a factor of 10, and the gold is still easy enough to handle, even in aeroplane hand luggage. Don't try that with the eqquivalent value of silver. It would not even work with a car, or 3.5 tonne van, you would need a 7.5 tonne wagon, and a licence to drive it!

😎

An ounce of gold is easy to sell. I / we happily buy 500 ounces at almost any time, without notice, for immediate payment, and at competitive rates.

 

[Foster88]

7 hours ago, LawrenceChard said:

If all you own is one ounce of gold, it doesn't really matter, but it would still be easier to carry / post than 90 ounces / 3 kilos of silver (in any form).

If you have 2 or 3 kilos of gold, in any form, and you want to sell / deliver / post / move / transport / store it, it is much easier than doing the same with 180 or 270 kilos of silver in any form. Multiply that by a factor of 10, and the gold is still easy enough to handle, even in aeroplane hand luggage. Don't try that with the eqquivalent value of silver. It would not even work with a car, or 3.5 tonne van, you would need a 7.5 tonne wagon, and a licence to drive it!

😎

An ounce of gold is easy to sell. I / we happily buy 500 ounces at almost any time, without notice, for immediate payment, and at competitive rates.

 

Reading this jogged my mind back a few months to a post that I read of yours here about the dash across London with a rucksack. I think it was Krugerrand’s you were collecting.

The same value in silver I’d imagine would have been a mammoth, impossible task.

[Foster88]

8 hours ago, Darr3nG said:

I think I know where LC may "store" his stack!

Can't believe he posted this on a public forum... now, to find his floorboards!

Plot twist: Lawrence might live in a modern house with concrete floors. (Dreadful on your feet).

The floorboards might just be a facade/decoy. 😆

[LawrenceChard]

5 hours ago, Foster88 said:

Reading this jogged my mind back a few months to a post that I read of yours here about the dash across London with a rucksack. I think it was Krugerrand’s you were collecting.

The same value in silver I’d imagine would have been a mammoth, impossible task.

Correct!

😎

[Darr3nG]

8 hours ago, Foster88 said:

Plot twist: Lawrence might live in a modern house with concrete floors. (Dreadful on your feet).

The floorboards might just be a facade/decoy. 😆

He's old school... floor boards as far as the eye can see, but it won't be that simple - think "The Goonies" level of adventure before you'd even get a sniff of Gold!

[SidS]

6 hours ago, Darr3nG said:

He's old school... floor boards as far as the eye can see, but it won't be that simple - think "The Goonies" level of adventure before you'd even get a sniff of Gold!

Just don't go banging on his pipes... 🤫

[LawrenceChard]

2 hours ago, SidS said:

Just don't go banging on his pipes... 🤫

 

They have a good ring to them!

😎

[Silver2022]

On 20/08/2022 at 19:24, tallthinkev said:

Is it worth, at todays prices to swap gold for silver? At spot, it 91 to 1. Now this won't be the same as trading a 1oz gold Brit for 91 Silver Brits, but what would be the 'going price?'As for the reason, it's a lot more easy to sell a couple oz's of silver than a oz of gold.Ideas? 

[url=https://twitter.com/ClausiPeter/status/1559522826410917890]

1000 ounces Silver bars for $20,500 only. Silver will go to $50/ounce anytime. 

 

Edited August 27, 2022 by Silver2022

[bluemoon]

Why should a straight swap not be 91 silver coins for a 1 oz gold coin?

[Deus]

2 hours ago, bluemoon said:

Why should a straight swap not be 91 silver coins for a 1 oz gold coin?

Because you can’t buy physical silver coins for spot. 

Edited August 27, 2022 by Deus

[bluemoon]

13 hours ago, Deus said:

Because you can’t buy physical silver coins for spot. 

Oh do we mean selling your gold at a bullion dealer and then buying silver with whatever money you have left? OK I get that.

I assume if trading on this forum, if you had an American Gold Eagle and you wanted to trade it for 91 Silver Eagles, you could do that. Well in North America at least.

UK would be complicated because silver has VAT style markups even trading privately.

Edited August 28, 2022 by bluemoon

[modofantasma]

45 minutes ago, bluemoon said:

assume if trading on this forum, if you had an American Gold Eagle and you wanted to trade it for 91 Silver Eagles, you could do that. Well in North America at least

People are selling 1 Oz coins right now whilst spot is £16 for £22 to £23 'cheap' I've not seen any 1 Oz bullion for ages selling even at £20 an Oz so it would be far better for anyone to flog the silver eagles for £2k and buy a 1 Oz gold for £1550 

[modofantasma]

They could buy a quarter Oz gold eagle with the change and have steak for dinner 

[KevjustKev]

Still a good trade at 65-70, CGT free? 

[KevjustKev]

As the price has changed quite a bit would now 70-75oz's be fair? I really am thinking about this, may even put it up at the week end.

[flyingveepixie]

On 20/08/2022 at 17:25, Orpster said:

I would happily have a conversation about swopping 65oz of my 999 file silver for 1oz of 999 fine Gold should anyone be interested

 

Me too..

Edited September 22, 2022 by flyingveepixie