Trading SILVER for GOLD Coins - Worth it in 2024?
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- Опубліковано 20 тра 2024
- What's better to invest in? Silver bullion? Gold Coins? My answer may surprise you! #silverstacking #coincollecting #numismatics
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Counterpoint:
Rolling naked in 10,000 shiny coins vs. rolling naked in just 113 shiny coins.
😂😂😂😂😂😂😂😂😂
I’ll trade up when silver goes back to a 16 to 1,ratio! Now to “trade up” is Not the time! In my opinion of course.
Many of us hold silver for potential trading/buying power in a SHTF scenario. For that purpose, how could you not lose a ton of money by trading Ag to Au in small fractional gold?
Good point. I have "junk silver" that I'm keeping for that reason. Hopefully, it never happens. As far as my silver bullion and rounds, I'm willing to do what he's doing. Gold.
Horrible advice for now. Wait for the ratio to get better before doing this!!!!! In 2008-09 the ratio was almost 30/1 way more worth it then 90/1
I disagree respectfully with your premise. Dollar cost averaging is the trick to win the game. You may be burned pretty hard if you time it wrong. Good luck all and diversify don't put it all on one metal
I can't see the upside price wise to trade up. If the ratio was better maybe. I trust the upside to silver. I have thought about Platinum though. But probably not. I like my heavy bulky silver too much.
I hear that, but platinum has such a niche market. Way less liquid than gold
Your points are valid, however, I would argue that silver stands a better chance to increase in value per ounce than gold. China and Russia have been hoarding gold for decades and that may not be sustainable as China's economy slows or Russia wants to offload a billion in gold for arms deals. If there is suddenly a large supply, then gold will drop. I believe gold has been artificially high because of state-hoarding and also various other reasons that could result in a market correction. Whereas silver seems to be more stable and there is no reason to believe that the price will drop for any reason.
So, if gold corrects to $1500 from $2000, then the 113 coins lose over $50,000.
Additionally, while there certainly are going to be some freaks of nature who have 10,000 coins in their house; most people will have significantly less. And generally, people invest into stocks, bonds, real estate, their 401k, roth IRAs, and typically diversify not only as protection from too many eggs in one basket, but for the sanity of not having 10,000 anything in the house.
THIS IS STUPID ADVISE.
RATIO IS 90 TO ONE WHEN NORMAL RATIO SHOULD BE LESS THAN 40 TO ONE.
I have been stacking for over 40 years.
It has been below 40 once in the last 20 years...
I was recently thinking about doing the same thing to downsize my stack. Did you trade generic and premium silver? And if you don't mind saying. What was the exchange ratio that you traded for? Thanks for the video and keep them coming.
I did it about 2 years ago so the GSR was around 80.
I've made two major trades from silver to gold BUT when the GSR was much lower than it is now. Many argue that now is the time to trade gold for silver. I am, however, happy to stick with my gold.
That is a good point. I should mention that I actually did the trade almost two years ago when the GSR was much better.
The only reason I was buying silver bullion coins in treasury tubes was because I kept thinking our out of control economy was going to collapse, but as time went on, I saw my gold bullion coins steadily increasing in value while at the same time I watched silver prices barely move - and that is over the last couple decades.
The rare graded silver coins I bought have gone up a lot, so those have been a great investment. I now only buy gold bullion coins and NGC or PCGS graded gold and silver coins. I am trading a portion of my silver bullion coins for gold, but I'm keeping most of it - just in case.
Great video 👍
Glad you enjoyed it!
Im working towards having a certain base stack amount of silver (a monster box of eagles, a 100 ozs in constitutional, and the rest of the 1k ozs in bars, rounds and random stuff) and a certain base stack of gold. Ill be adding to both. Great list but definitely not for me. Just hope these higher prices aren't here to stay because i get more excited when the prices are low. Just means i get to stack much more in less time.
Yep, the prices are bananas these days!
That's funny I was just thinking about taking my gold in and trading it for silver. Right now the gold the silver ratio is hi. Trade your gold for silver and then when it comes back down take your silver back in and get more gold
I've been collecting gold and silver for decades. The difference is, gold goes up in value as inflation devalues the dollar, silver prices barely change - meaning, you might as well trade your gold for paper dollars if you want to buy silver with it.
💯👍
Very very POOR ADVICE! Trading Down & out Silver for RAN UP POSSIBLY OVERPRICED GOLD NOW!! If you Wish just by the Gold And keep the Silver!! I can just about Guarantee you, you LOST BIG $$ TRADING YOUR SILVER IN, THEN PAID BIGGER PREMIUMS ON GOLD!! You Should have Done the Exact Opposite!
Very nice. Sticking to your guns.
Trading up when the ratio is this high makes no sense. When the ratio moves back to sane levels I will happily "trade up". If done smartly you can wind up with twice as much gold as you would have if you just bought gold. Done the way you did it you actually wound up with less gold than you would have if you had just bought the gold to begin with.
That's a fair point. I did this two years ago when the GSR was about 80. That's still high, but it's not likely dropping all that much anytime soon
Hi sliver picker
Hi!
I have over 3k ounces of silver, and I WILL trade most of it in for gold Maples, Eagles, or Buffalos. Gold moves faster and I have way more faith in gold. Yes, the GSR is somewhat important, but when it's been 80+ forever, I just don't have the patience. You made a great move, a move I'm also considering for the reasons you mentioned. Gold is where it's at in my opinion. Great video.
I would buy a rental house if I had that much silver. Every 7 years your investment doubles.
@@dogface-hd8px realestate is king. No argument there.
I'd love to buy a property, but in my area that's not in the cards right now
Great video, I'm doing the same right now with my stack to work my way up to gold. It's really insane how much silver it takes to get there. But that is half of the fun right. Thanks again for your videos they are always informative and valuable to learning how to get into precious metals investing.
I can't believe that you would listen to this guy. If he want a gold he should have just bought it. Gold is at an all-time high and most likely is overpriced in the current market just like Bitcoin. Silver has much more chance uprising overtime. If you want to buy gold, just go buy gold and keep your silver. PS you will most likely lose a lot of money selling your silver, especially if you sell it all in a big chunk.
Not no, but HEL* no.
isn't the gold to silver ratio out of wack right now?????
It is to some degree, but for full disclosure, I actually made my trade about 2 years ago.
I wißh
The dumbest idea ever. You trade some silver foe gold when the ratio drops below 50🤪
Imho, you are way off in your focus. Trading a low basis price metal for an inflated metal, due primarily for "protecting". The third point being investing in what you cant take pissesio of. Totally backwards mentality in the current geological issues of today. Good Luck, your buying high and selling low. You need to vault all your metals to make sure its safe..😅 Very bad advice. I sincerly hop nobody takes your advice and throws their wealth away.
Man...no don't trade, two premiums for one product is bad math dare I say "bonehead" move.Bad Bad if you fell for silver its too late and you must hold.your late to the gold party and just mite buy on a spike.i think your all messed up.
I made the trade almost 2 years ago, so the spike isn't an issue. Also, I don't see how it's a double premium as long as you make the trade at the same (or better) gold to silver ratio as it was when you bought the silver
China gold trap
I would trade for super rare medieval and key date high grade coins then gold
Trade silver for 1909 s vdb in au or higher grades. Worth more then gold
WHY Trade up when one should be trading DOWN (if that is the correct term).... it is BETTER right now to trade GOLD for SILVER....
Yes, due to the current gold-silver ratio, that would make sense. I completely left that part of the analysis out.
Are you getting paid by some bullion company to give out poor advice? Because many are now selling their gold at all time high prices. Silver has many times more potential than gold. Plus, mining company advice? Nope. Unsub’ed.
See ya
Over simplified,if not reckless advise…..
The ratios are ones friends….not folks who live in the old world.