Gold To Silver?

[scotwasp]

I always consider selling silver when I want to buy gold. I then buy the gold first and after I’ve bought it, I can’t bring myself to sell any silver.  I think it’s an illness. 🫣

[James32]

On 09/09/2022 at 12:27, tallthinkev said:

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.

Probably won't get CGT coins for that tbh.

 

[Happypanda88]

On 09/09/2022 at 19:27, tallthinkev said:

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.

If you are serious, then why not create a new post and specify the conditions of exchange ie. 1oz gold Britannia for a minimum 70 1oz Silver CGT bullion. 

I would dearly love to know who would take up the offer.  I know there are a few silver bears on the forum so perhaps one might deal if they back up their words with deeds. But I doubt it at 70+ !

[KevjustKev]

5 hours ago, Happypanda88 said:

If you are serious, then why not create a new post and specify the conditions of exchange ie. 1oz gold Britannia for a minimum 70 1oz Silver CGT bullion. 

I would dearly love to know who would take up the offer.  I know there are a few silver bears on the forum so perhaps one might deal if they back up their words with deeds. But I doubt it at 70+ !

Maybe best offer over 60oz's?

[modofantasma]

26 minutes ago, tallthinkev said:

Maybe best offer over 60oz's?

To clarify ... You're looking to swap 1 Oz gold for someone else's silver? 

 

[KevjustKev]

3 hours ago, modofantasma said:

To clarify ... You're looking to swap 1 Oz gold for someone else's silver? 

 

Yep

[Happypanda88]

8 hours ago, tallthinkev said:

Maybe best offer over 60oz's?

A couple of people had already expressed their interest at 65-1.

But it sounds like your half-hearted about a swap. 😊

Edited September 11, 2022 by Happypanda88

[James32]

I've not got any britannias currently ( might have some next week but could also be into tin by then also)😂

1kg Perth mint bar 32.151oz

Tube of 2oz tudor lions ( 20oz total)

10 x 1oz philharmonics 10oz

4 x 1oz sunshine mint bars sealed 4oz

So a total of 66.151 troy oz for a great condition 1oz gold coin.

 

[FriedrichVonHayek]

The only way you can play the Gold/Silver ratio in the UK is by buying Sterling Silver scrap but it is very time consuming trying to source it.

[James32]

1 minute ago, FriedrichVonHayek said:

The only way you can play the Gold/Silver ratio in the UK is by buying Sterling Silver scrap but it is very time consuming trying to source it.

Disagree, yes you will get more silver in the trade, but you have walked away from a relatively liquid coin ( 1oz gold ) and traded for a complete headache. 

[FriedrichVonHayek]

Just now, James32 said:

Disagree, yes you will get more silver in the trade, but you have walked away from a relatively liquid coin ( 1oz gold ) and traded for a complete headache. 

It is well worth the headache if the ratio heads back to 50/1 or lower.

[James32]

1 minute ago, FriedrichVonHayek said:

It is well worth the headache if the ratio heads back to 50/1 or lower.

Yeah that's a very good point👍

[Happypanda88]

3 hours ago, FriedrichVonHayek said:

The only way you can play the Gold/Silver ratio in the UK is by buying Sterling Silver scrap but it is very time consuming trying to source it.

There were plenty of unloved sterling silver coins out there when I last bought. For example, the 1976 Canada Olympics $5 & $10 silver sets can be had below spot price at the time. I purchased quite a few ounces.

[SidS]

40 minutes ago, Happypanda88 said:

There were plenty of unloved sterling silver coins out there when I last bought. For example, the 1976 Canada Olympics $5 & $10 silver sets can be had below spot price at the time. I purchased quite a few ounces.

Old European silver coins are fairly near spot.

[Shinus73]

57 minutes ago, Happypanda88 said:

There were plenty of unloved sterling silver coins out there when I last bought. For example, the 1976 Canada Olympics $5 & $10 silver sets can be had below spot price at the time. I purchased quite a few ounces.

Difficult to get these around spot now. Only bought one set in the last 12 months.

18 minutes ago, SidS said:

Old European silver coins are fairly near spot.

Similarly, it’s a struggle to find these much below £20/oz.

80% Canada Dollars and Halves are still my favourite.

[FriedrichVonHayek]

I have quite a few Silver Proof Commonwealth Crown size coins that I have bought off eBay using Topcashback and Nectar points and also I have got a lot of John Pinches Silver Medallions and Spoons etc.

Recently I have been buying Pre 1947 50% Silver coins.

I actually sold all of my Gold when the ratio went over 90.

[Stuntman]

^^^ Good work, very smart.

I admire your dedication and the ability to be dispassionate about buying and selling various shiny precious things.  I would find that very hard to do 😁

[Happypanda88]

The spot price of silver up 70 Pence (4.2%) as I type. Ratio now at 87-1.

[MonkeysUncle]

On 22/08/2022 at 16:26, 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!

I thought it was under the Pier guarded by an elite corps of the mythical sabre toothed Blackpool donkey?