GOLD/SILVER Ratio - Should We Be Buying SILVER Instead of Gold?
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- Опубликовано: 9 фев 2024
- Does it make sense to play the gold to silver ratio? The idea is to buy silver when the ratio is high and trade for gold when the ratio is low. Does it really work? Does it inform which is the better value, Gold or Silver? Let's take a look.
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I stack both gold and silver. I don't try to play the GSR. I don't think either metal is going to make me rich. I stack both as savings, a hedge against inflation, wealth preservation, and frankly, because I enjoy doing it.
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Perfectly said.
this comment is far too level headed and reasonable. I hope youtube remove it
me to my friend
Exactly ! Same feeling. 👍🏻👍🏻👍🏻
Over gold silver is a waste of Money. Gold is a wayyyy better hedge against inflation.
Silver is just fun to stack. When you have an extra $30 to $60 in your pocket, you can put it away in a PM. It's more accessible than even a 1/4 ounce of gold on some budgets.
I stack both. I don't discriminate.
For me silver is a good base metal for collecting a series of coins. Gold is for stacking
I think golds the ay to go. Maybe 50oz of silver is good to keep around. But gold in my opinion is better to keep as savings and security.
Yeah, a bit of silver is good in my mind too. Cheers!
Haven't finished the video yet and went straight to the comments for this one. Gold.
😄
why reasoning if i may ask if gold goes thru the ceiling can you break a 10k dollar for a loaf of bread.? but if my relative needs silver for a heart valve I got it.
Great job explaining this.
I appreciate the lesson.
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I stack silver...and I also buy premium limited silver stuff as well. Silver is my main hobby. Last night on eBay I bought a 1 of 100 Beavis and Butt-Head "Do Las Vegas" for $85. I collect stuff like that. Intaglio UFO's Over series, outlaws, lawless, bigfoot, loch ness, , Privateer series, Egyptian series, Engelhard Prospectors, lots of 1970s art bars and one ounce rounds, Anonymous Mint stuff, lots of oddity, rare, unique stuff is what I like.
The ratio doesn’t matter. They are not going down. This is the new reality. The one metal I don’t hear about is platinum. Now there is a ratio that’s way off in my opinion.
why don't we hear anything about platinum?
I'm a fan of platinum myself.
I was looking into getting some platinum to add to the stack current ratio is 2.31
@@OanaTheMeerkatwhen I started buy silver and gold platinum was 2x more then gold. It is rarer then gold or silver.
I buy platinum eagles, us mint isn’t making them this year and quit making the fractional years ago. I like the 1/4 I just picked another one up for under 300$ big premium but I’m a long term collector
Excellent report 👍👍👍👍👍👍💯
At the height of the recent silver squeeze a year ago, l saw the opportunity to trade on the silver gold ratio. Traded 200 oz of generic silver rounds @ .50 cents over spot for gold. I got 3 gold buffalos in the trade. Thanks for the great info as always MR2 is one
The ratio of 80 to 90 silver to 1 gold shows massive manipulation of silver prices. There is no real price discovery. Three times the extreme of 80+ to 1 silver - gold precipitated a silver price rally of 40% 300% and 400%. I don’t doubt that it will correct forcefully back to more traditional ratio.
Silver is "criminally" undervalued, ya?
I keep at least 500 ounces of silver because silver will have its day. That day might be tomorrow, next week, next year or next decade. Who knows. Most of my stack is gold, BUT you must have some silver for that day. Also I'm in Australia, physical silver has gone from $4 AUD to $40 AUD in 25 years. Look at Turkey and their currancy for the price of silver just in the last 5 years. Do you think that could happen to the USD? It will eventually.
PS: If JPMorgan ever collapse you'll want as much silver as you can get. They control the silver market and its manipulation.
That day is sooner than we all suspect.
I started collecting in 1985 and still have my milk money from 3rd grade
I still have my lunch money for the 3rd grade, "Kenny, Rush Hour 2." LOL!
It’s always good to look at both side of the coin. Thanks for the giving your perspective on this topic. 👍
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USGS says 8.5/1 in the ground..
Classic discount for weight 20/1.
Modern paper based ratio 90/1.
I still prefer Gold but something's not correct here..
Gold and silver are very different.
This is a great point to bring up right now and the ratio is about 90 to one so I think it's a better time to buy silver. In the last 2 weeks I've been buying a lot of silver and in the month of February I think I have increased my stack about 90 Troy ounces of silver because of the very inexpensive price. I'm still buying gold, I buy a quarter eagle every week or a half eagle every month, I'm sticking with gold eagles right now. There's something about the gold eagle that I love, the marriage of gold copper and silver is astounding, it really brings out the millions of colors in that gold coin, most people prefer 24K, but I prefer the 22k gold. Excellent video my friend, I would buy gold and silver but I would definitely be buying more silver right now because I think silver will continue to end up and goal will probably stay right around where it is which is about 2025$
I wish that I could afford to buy that much gold so frequently.
@@michaelphillips3123I think gold is going to slip below 2000 and it will be a little cheaper but still very expensive, I understand completely what you're saying, it is expensive but you can still buy fractional gold at reasonable prices, check out silver gold bull, they are the cheapest and very reputable. Good luck!
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I stack 1oz of Gold for every 100 oz of Silver. With the recent dips, I've reached my silver goal for '24(well, unless it dips real crazy, did I'm back in).
Now I'm praying for Gold to dip big time cause I need a few Gold coins.
I don't plan on trading my metals. They're for when the cows come home dry and I need milk! 😊
Thank you for the episode
Hi 2 is 1. Are you planning on doing a full stack video? Best regards
Here in the UK it makes no real sense to stack silver because over here it's classed as a commodity so they add 20% vat (value added tax) which makes it hugely expensive.
Find a silver smuggler 😂
I feel bad for you brother in California we pay a 7.5% tax unless we buy $1500 or more.
I stack both and tbh, will probably only stack gold from here on out. I have a good base of silver, but it's much more manipulated, much more dodgy with pricing, and is a worse option than gold for wealth preservation. That's really what I view metals as...a physical bank account. Gold is clearly the better bank account.
Thank you for the video.
Thanks for watching!
Great video! Gold and silver are both great, but silver has higher premiums and takes up a lot more volume. Thank you for your efforts, 2is1. And I am rooting for you to get to 100 k subs soon! Best wishes to all ✨🦬✨🦅✨
Thanks!!
I buy gold for value, silver for fun and "jewellery" making. Silver is sometimes for great price, recently I bought 100 bucks worth silver for 12... 😀 I also use silver things like spoons, cups, lighters, cigarette boxes... Things were made 100(s) years ago to be used, so I use it. Feels posh, but whatever...
I like your line that hoping for the best is a good idea in general, but planning for it is a mistake. That would be great quote. I'm definitely going to use it for lots of things. Thanks!
I have no issue trading silver for gold, and have back in January. Silver for a St Gaudins which I got for just above gold spot. I’ll do that every time.
Nice
Excellent trade, IMO. Must've been a private party deal, though. I've never seen even a cull St Gaudins going for anywhere near spot.
After watching the video I highlighted all the comments and let the browser play, took awhile...lol. Very interesting, informative and entertaining to say the least. Thanks for another .9999 fine video 2 is 1 👍and a Big Thanks to all your viewers. Life is good....God Bless. “Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.” - Norm Franz
Have a good weekend BDH!
@@2is1goldI guess you didn’t like my comment on buying silver at 3% instead of your number of 13%. I also disagree that you have to have an agreement set up a head of time? Strange how someone points out your numbers are wrong and you have no comments but you give a thumbs up to someone telling you great job on the video! Pathetic!!!!!
@@2is1gold U-2 My Friend
I think I’m done buying both for a while. Stack more cash for now.
If you really want a shock then look at the buy back prices for silver, Espescially 90 percent silver.
Yeah. New stacker. My very first purchase was 90% at 20 face. Wish I knew what I know now. I'm stuck holding the 90% forever now. 😂
When I started buying US 90% silver coins, they were pretty cheap and not at all popular. Stacked it high, wide, and deep. Not selling for now and no regrets.
I think 90% silver is for shtf.
I stack for safety, not speculation or numismatics. And I stack both gold and silver... one ounce gold only so I'm not paying stupid premiums, as the silver is for fractionality.
I never count on recouping any of my premiums, only spot price. Still holding.
Keep up on the videos. Love your voice! Like listening too what you have too say.
Thanks!
I almost never buy silver anymore, but that Napolean is really sweet looking!
Look - I don’t necessarily agree with the idea of trading in and out of physical metals often (or in between physical metals). But with that said, I think it’s silly to not pay attention to the gold-silver ratio when accumulating.
For instance, I might look to have a 25% long term PM allocation into silver. However, right now, 80% of my purchases are silver. I’m good with my silver in the short/medium term maybe getting up towards 50% of my PMs, especially if the ratio starts getting above 100.
Could the ratio go 150-1, or 200-1? I suppose anything can happen, but right now based on historical data, silver is the least risky PM to be accumulating now (along with maybe Pt, though I think Pt can remain bearish longer than anyone thinks).
Following the GSR ratio from these old Gold and Silver pumpers wasted a lot of my time in the early days. Buy what you can afford. Have long term time horizon and be patient.
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Why silver will Double in price before gold!
I love your channel but based on your stack of gold I'm going to go out on a limb and say you have a pretty good size stack of silver as an insurance policy so it's easy to say buy gold but in reality there's a possibility that you've got a good amount of silver as an insurance policy especially since sitting off to the corner of the video just above the screen you can see at least three tubes of silver eagles. Now since I catch every one of your videos never miss one always hit that thumbs up I'm going to go out on a limb and say you have a lot more silver than the average stacker. Now I'm one of those people that my pride myself on silver but yeah I'm sitting on a little bit of gold too just in case I'm wrong. But one other thing that you failed to mention as gold and silver both continue to slowly squeak up more and more people are having a harder time affording golds and if you look what's going on in Egypt right now a lot of people are switching from buying gold for weddings and families newborns and switching it over to buying them silver That's because that's all they can afford and they're trying to convince each other that it's better Well everything is pretty much just about group thinking If everybody in the world all the sudden thinks silver is a better investment it's pretty much going to be because they're going to be putting their money into it and driving the price of it even higher. Now do I think that gold will ever be under silver oh absolutely not But do I think and ask yourself do you think gold or silver will double in price first. To me it's a no-brainer Silver will double the price first. Although I have a lot of subscribers say gold will double first but then silver will triple. As always great video.
It’s possible. Silver has been $48. The problem with using that as a basis is that 13 years later, silver is $22 again. I buy silver when it’s beaten down at this point and I sell it when people are excited about it. I don’t think of it as a long hold like gold. Cheers!
@@2is1gold is that not what you argued against in your video? Trading in and out of silver? If the gold-silver ratio isn’t your measure, how do you measure when it is “beaten down”?
@@2is1gold Agreed. Silver = a trade, gold = a hold. 🙂
@@cscorona1 At a guess, price?
"Historical nonsense" haha! Good luck with that buddy.
I say this in every comment to your videos but the problem with silver is always the premiums. The price gap between buying and selling physical silver is always higher than 15% and generally higher than 20%, so you need a huge price appreciation to make any profit in it.
I think what makes sense is to look at both for what they are. While both can be a form of savings, i look at gold as a more stable wealth preservation tool, and silver more as a "bet" on the future demand for electronic and green energy.
Jumping from one to the other is just added stress. I just buy what i want, depending on my portfolio mix and price opportunities
Great video brother nice stack have a great weekend 🥃🥃🥃
You too 🥃
when i win the SD bullion moster box i’ll immediately trade it for gold right back to them 🤷 personally i’ve been done purchasing silver only a few eagles here & there and that cause i like the coin . gold is king
Good luck! 😄
My prediction - GSR will keep going up before coming down. Look at the recessions of 2000 and 2008, the ratio is showing a very similar pattern right now - symmetrical triangle below the monthly Ichimoku cloud, before breaking above both. The upward break started in January of this year. Only after the recession does silver outperform.
Saving for gold, but buying silver. I have a plan to exchange my silver when the GSR get's in the low 70's. However, I will only sell/trade the silver that was purchased when silver was under $20/oz. Or, I will sell my silver to payoff my home, when the time is right. Gold and silver are not 'trades'. They are long term holdings akin to savings.
I prefer gold also but if you can’t buy full 1 oz coins, low premium 10oz silver bars and playing the ratio a little is a good way to work up a trade since fractional gold premiums are also high. I did very well last year trading Silver eagle tubes and junk 90% for gold buffalos when premiums on them were stupid high. My out of pocket cost on trade was $1635 when Buffalos were $2100. Now that ASE rolls are $535-$540 (2024) good time to stock up and wait for the next fomo rush.
I started stacking silver but soon discovered storage space would be an issue for me.
I now stack gold with an occasional purchase of junk silver.
There is a point here many overlook: if you are stacking because you fear a true collapse of the economy or even civilization, then having silver for a barter tool, a new currency as things recover, is very important.
Folk won't trade for worthless Dollars, Pounds or whatever when things go to hell, also, ounces of silver and gold are too large for many trades, so folk should consider buying fractional coinage be it antique currency or modern.
In the apocalypse scenario, you are correct. I do believe that 1 oz. silver rounds and bars might be sufficient if your stack is large enough. Junk silver (90% and especially 40%) can create a storage problem, but a few rolls of 90% quarters would be good.
I can only speak for my country but the overwhelming majority has no idea what it is so the overwhelming majority wouldnt care about it. It COULD be beneficial on the rebuild side but only for those that want it or know what it is. People who stack already might be a little more prepared for a situation like that than the average person so the people who make it the longest might be the ones with pm's so it might make it easier to barter if thats the case. Personally, as a new stacker thats probably one of the last things i would want in a shtf scenario. I would never trade my food, water, ammo, med supplies etc. for silver unless there was a near end to it in sight. It would do me no good otherwise. Just my two cents
@@SuperCoopdogg Hunger is an excellent teacher, so it won't take all that long for people to recognize the value of silver as money. To this end and the long-shot of an
apocalypse scenario unfolding, having some silver could be a real life saver. As to trading food for silver, selling their food products is what farmers and gardeners do
and will do for a living in a SHTF scenario. Some form of barter money will facilitate the transfer of goods and services, so that people who might not need or want
what we have to trade will happily accept silver for their goods. At this point, paper money won't be of any value to most people and it seems likely to me that after
the SHTF time is over, none of the old money will be of any use at all. It will be replaced by something and we don't know what that will be. But we can be fairly sure
that after 5,000+ years of gold and silver being recognized as valuable and of use as money, it will continue to be, whether officially or not.
Hunger is a good point. Why would i stack something to barter for the things i need (food and water) instead of stacking the things that i would actually need. Im not saying its not a good idea to have some just in case, but it would be much wiser to have a supply of food, etc in the first place. As for farmers supplying food that is true. But do you think in a real shtf scenario those farms arent going to be raided by people who didnt prepare that are trying to feed their children? Silver is only as valuable as people think it is and most people dont care about it or know about it. Ive asked several people if they would accept silver at a time like that. The answer is always no. That may be different in the stacking community but i myself wouldnt give anything up that would sustain life for silver.
@@SuperCoopdogg Yes, hunger IS a great point and when people do not have any cash that anyone wants for their goods, silver seems a likely possibility. Most people
have some jewelry of some sort, so bartering with that likely would be the first stage of reestablishing an economy after a complete collapse of the previous economy.
As to food, as a prepper, I have a good sized stack of food and some water. Water is abundant here, so no worries about running out. Any raiders are likely to discover
that them getting shot for their efforts would reduce their zeal to steal from others. Since a lot of the work on a farm won't be done by machines at this point, working
for food should be a pretty good option for those who connect effort on their part with reward on the farmer's part. I would not expect the survival rate to be very high,
especially after the first 3 months or so. Having a year's worth of food and abundant water should see us through the worst of it. After that, who knows? Maybe your
question to others should have included the thought that there would not be any paper money around that still had value? This is not a choice between what we now
know and use and some unknown metal. It would be gold or silver or... nothing at all. I've talked to some of the people at the local farmer's markets and they seemed
to like the idea of payment in silver today. I can't see how they would like it less if it becomes all the money there is.
I buy silver because it’s cheaper, way more manipulated than gold and the physical demand will increase significantly due to the energy transition. I know it’s a long term scenario, but patience will pay off !
It’s “ cheaper “ in nominal terms not in reality. When your spreads are 15 to 20 percent as opposed to 2.5 to 3 percent it’s not cheaper at all. It’s literally more than 10 percent more expensive to buy silver than gold As far as the energy thing. Many companies are substituting copper for silver. 1) it’s cheaper 2) it’s more efficient. All the silver bugs fail to point that part out. The most efficient solar cells use copper not silver and the most economical ones do also. The shift away from silver already began Sundrive already made the switch 100 percent.
Started out stacking silver. A couple years ago. I switched to stacking mostly gold. However when the ratio is over 90 to 1 I couldn't resist adding three more kilos of silver to my stack.
Thanks, but they are so completely brainwashed that they simply cannot be reasoned with.
I have used Apmex to trade twice in the last 15 years( I use 90 and 45 ratios). That tells you a few things. Although it is easy to do the trade the occasions happen very infrequently. The advantage is you almost double your stack and half your DCA!
Excellent shit
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love ur videos
Thanks!
I’m a gold bug a silver bug a crypto bug. Why does it have to be one or none? I buy at my personal ratio of 100/1. I like it all!
I think that’s the way to go. Buy each in their own merit.
Physical for Stacking , longtime wealth preservation . Paper for investing. Would like to hear your thoughts on the different strategies.
I hate silver performance . . . I am NOW building my Au inventory
For a guy that is rightly sold on American Gold Eagles, you sure do display an interesting variety of coinage.
This channel acts a bit like a Land of the Lost gateway. 😄
@@2is1gold There’s a classic. (The original) Always wished to be swallowed up in a chasm and time warped to a lost world as a young boy. Hopeless Romantic Escapist. Obvious attraction to pretty girls, ancient gold coins and questionable decision making.
Gold is so much better! Silver sucks. The price just stays in the range of $21 to $26. While gold is hitting ATHs.
Glad I traded almost all of mine for gold.
Silver bugs love silver. You cant convince them otherwise.
There are a lot of people saying they’re switching from silver to gold lately.
I really loved silver until I was disciplined enough to save for a couple months and buy gold. Once I bought gold it was hard to get excited about silver again.
@@krsmedley That's my experience too. Gold is much more exciting but I still have nostalgic feelings for silver as she was my first love in the metals.
@@rustyshackleford2719 That probably was true for a lot of stackers. Start slowly with silver, ramp it up in quantity, buy the dips, and eventually reach for the gold.
I still have every oz. of silver I ever bought. Like gold, it's my savings and financial insurance. Yes, it's in a rough patch at the moment but then lots of assets go
through such times and on to better ones.
There is no "convincing" to be done. You believe one way, others believe differently. Percentage wise, silver is the better route. You will have a larger increase in value for less money. I have both
I’ve slowed on gold and increased my ASE collection until premiums go exponential again. Afterwards I’ll adjust fire back to gold. Thank you for reading and as always… I appreciate your time.
Interesting choice of quotes at the end of this video. lol
Yes, I do pay attention to the GSR so that IF the time comes when it is appropriate to sell silver and buy gold with the proceeds, I will be ready to do that. Will that ever happen?
Maybe and maybe not. I don't care. If it does, it's just a little bonus and not my reason for owning silver. Silver content in silver ores has been declining for some time now,
which does seem to be a trend. We're not running out of silver but we are running out of the silver that is easier to find, mine, and refine into various products. I see silver and
gold as a way to store my wealth that is less fragile than are the fiat currencies. Bottom line is... It's MY money and MY choice as to what to do with it and PMs are 20% of my
net worth. I'm still buying gold, so this will rise a little towards 25% of my net worth. Considering all the abuse that our "leaders" have heaped upon the US$, having some other
part of my wealth in something other than the US$ and dollar denominated paper investments seems a reasonable idea. Been investing for over 40 years now, have done well
with it, and like the diversification aspect of owning PMs and perhaps other alternative investments. I'm too old to risk my money speculating on cryptos that probably won't
survive the coming CBDC, so that's out for me. I'll leave that risk and any reward or financial disaster from it to the young pups out there and wish them well with it.
20% here and trying for 25%.
One ounce of gold a month, I pay premium once a month. I only get butthurt once a month. Haha
I simply just buy both when my wallet allows me. Both serve equally. Both can be used as an emergency savings situation and keeps me on track not to waste money on junk purchases plus my endgame is to save for retirement.
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I considered the GSR play as well. It's just not worth my time unless something drastic changes in the ratio,
however at that point we may have far more important decisions to make. I like having the uniform stacks as the hedge, but I enjoy collecting the more interesting rounds and have recently found that some are even more interesting when I antique and tone them for effect. You might be surprised how much artestry is revealed when shades of tone is contrasted in the layers.
I bought my first 1oz coins last month. I also have been buying 1/10th oz gold coins because thats what i can afford even if premiums are higher. My take away is silver is heavy, i dont want to stack a ton of it. Ill still be buying it but im not going in heavy into silver over gold.
Personally I am trading 98% of my silver stack for gold buffalos. I will keep odds and ends (like the Napoleon coin) but otherwise gold is a better option for me long term and when it's time to pass it down I am not giving my kids a 50+ pound gift.
Traded almost all of mine for fractional gold. Good move on the Buffs.
solid intro song choice
I never really paid attention to the GSR other than to know which metal is on sale. I think most people that pay attention to it stack both.
I DO pay attention to the gold to real-estate ratio, as that is what I would like to swap my gold for.
Real estate is still running very hot around here. Interesting times.
@@2is1gold Yep. Patience is how I roll. :-)
gold for assets, silver for barter
Trick question. Buy BOTH! 100 ozt Ag to every 1 ozt Au!
Great topic that's it I'm just going to subscribe now
Like you I've been stacking gold mainly for years, and my silver stack is minimal compared to gold... how do you play the GSR if it does make sense, but I don't wait around for it😂... my yearly goal on Silver is I get maybe 70 ozt to 100 ozt... And whenever we have run UPS like we did just last year I sell into gold, and yeah it's only happened a handful of times... honestly my numismatic coins are the only ones I don't sell.. I don't get many numismatic coins in Gold because they tend to be very high in premium, and I have yet to this date been able to get that premium back half the time or less... was silver it seems I'm able to get the premium back if I wait long enough on them... but honestly it's just there to pass down to the kids and still haven't sold any of them..... gold wise I started when gold was around 300 - 400 or so and got 1/4 ozt coins and 5g bars ever month I could.. silver does have its place and yes it is manipulated to a certain extent and the resources are dwindling due to the industrial use, and there could be a good-sized run up at some point over the next five to eight years, and if all way back down like it did last time... whenever I get the chance I'll definitely trade some out then too probably my whole stack into gold, if not, then I'll just pass it onto my kids... moral of the story have silver but not too much.. Me, I think I have around 680 ozt and 150 of that is numismatic... Gold, well let just say it's enough for me my whole family and grandchildren when they get here😂
I have mostly silver, but I'm slowly trying to move to gold exclusively. I don't really pay attention to the G/S ratio. I see both metals as savings for different scenarios.
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@@2is1gold you've taught me so much and I am grateful for the work you do!
With silver spot below its 200-day moving average and just above its 200-week week moving average it’s technically a bargain. So are natural gas and coal stocks. They don’t weigh nearly as much and pay dividends. So I’m buying gold when I’m not buying coal and natural gas. 😉
🙂
I like silver, but don't have room for a lot. Gold is my other option. Just ordered another 1 1/2 oz yesterday, and if it falls a bit more, may grab another oz or two.
I have only small amount of silver 1 oz for apocalypse and barter.
I have both mostly as saving or emergency funds silver is just more easier to get especially if you don't want to pay high premium on 1/10 gold oz
You don’t have to find someone to trade with to do a GSR trade. Just sell your silver and go buy gold with it. If you are buying silver, or gold, you need to learn how to sell anyway. Otherwise you will not get the premium back.
What about the ratio of pigeons I see walking to work vs the price of gold? We can divide this by how much my left big toe itches, then we have predictive value.
Well, it is no less predictive than the gold/silver ratio.
What about playing GSR on a platform like OneGold? You could time a trade better and lose less on premiums, no? Thoughts?
It would be easier, but you’re still dealing with fees.
If you can save $600 you can buy a 1/4 oz Gold Eagle at a reasonable premium. I don't buy for profit. I store to be able to survive hard times. If I am fortunate enough to never need it, I will bequeath it ti my heirs, and hope they are wise enough to use ir the same way
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There's a lot I could say here but I'll try to be brief. I never intentionally played the GSR but I've bought silver for the first time in years lately (within the last month). If you're careful you can find at spot deals on silver and that's what I've purchased. I think the chances of me losing out on three 9s silver at spot are pretty slim. I like both metals but I know they're very different and are performing differently over time. If you're buying either silver or gold to get rich you're doing it wrong
I’ve picked up some silver lately too. Cheers!
My current plan is 10oz silver a month and a 1/2oz of gold every other month. Silver is either a 10oz bar or CSM's. Better premium, and better looking coin than a ASE sadly
I stack both but silver only when it's in my price point. Waiting for that every 10 year moment. And I have the place lined up that happily well trade.
You’re way ahead of most then (by knowing who/how to trade). Cheers!
The GSR, and pricing of all PMs is dictated by wallstreet paper contracts. There are more paper ouncea than physical ounces. Last I knew, silver had way more fake ounces than gold does. Something like 2:1
(Silver is my ‘fractional’ gold)
If the GSR drops 20 points or more that will more than cover the premiums.
I’m waiting for the second coin in the commander series. Hope it’s soon!!
Patton is right around the corner.
@@2is1goldawesome!!
First off I want to let you know I’m not into trading silver for gold and using the GSR. But your numbers are completely inaccurate. I just looked at SD Bullion and can buy kilo bars for a 3% premium. Your numbers of using 13% premium on silver is inaccurate. If you buy at 3% do the math on your numbers and you can profit nicely on ratio trading if the ratio drops enough to make it really beneficial.
I like to have both. The quantities are close to the GSR.
I think that silver has its own unique benefits, and should almost never be used to trade for gold. Both metals have their unique purposes, benefits and shortcomings.
My strategy is having fun with my kids price is not a great motivator
Great route
Silver has never broken out because it’s volatile, the market expects it to be volatile, it lacks trust to breakout
I prefer both. Gold and Silver is mentioned multiple times in the Bible. Both are God’s money.
hi troymcgowen, have you become a flat earther yet? If not I suggest viewing the 13 part series _what on earth happened_ in my about to learn how the earth is not a globe
😂 side eye from wife .I hear you man I have same wife😂
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Physical bullion is for stacking. If you want to speculate, use the ETFs.
I did trade silver in for gold once and I was short about 150ish so had to pay the rest out of pocket but was close.
I stack both. I treat it as a savings account outside of traditional finance system. I enjoy learning about old coins, or the history as g9ld as a unit of trade. And its fun to connect with other stackers.
I’d take 25% of your savings too if I was a coin shop
Silver has over 20,000 uses and is consumed. Just the demand for solar is 12% the silver supply. One of the local mines, Round Mountain Gold, mines 70% silver but is clearly focused on the gold. We don't need a gold standard, just a supply/deman situation.
Silver isn’t even worth the space it takes up in my house.
Theres persistent silver releases with so much hype around them. It's easy to fall into the trap of buying the next greatest thing and subsequently diminishing your gold accumulation ability quite substantially. I try to focus on the premiums and postage costs, I'm chucking out the window so i can speculate on five ounce dragons or whatever. It's all chipping away at my gold budget and so ultimately diluting my PMs savings plan over the long term. Now I'd better watch the video to see what your angle is.
In my part of the world you can't even pawn silver at pawn shops, let alone sell them.
I don't play the ratio, if I want gold, I buy gold, if I want silver, I buy silver. Depends on my mood and my fiat supply.
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