The gold/silver ratio is a great ratio to watch. It is basically how many ounces of silver you can buy for one ounce of gold. The ratio floats from the 70's to the 40's with some periodic extremes. It is currently around 75. I love buying silver at this level, and then trading it for gold when the ratio is in the 40's.
One of the complaints with precious metals is that they don't provide income. Well that's bullshit. It just takes a little effort.
Buy silver now and trade it for gold when the ratio is in the 40's. That's pretty good income, or FREE GOLD depending on your perspective.
Check out the 100 year chart at macro trends.
http://www.macrotrends.net/1441/gold-to-silver-ratio
If you like this idea, please resteem it.
Thanks
Well thanks for sharing this. Seems like you've found a great way to flip silver/gold. I think many can benefit from this :)
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Hmm i wonder, how much should i trade to build a golden toilet?
Probably part of it will be made from silver, or wood :d
Thanks for sharing!)
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Thanks for your advice it's interesting trade with metals too
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great post, if there is one thing the government can't get there bloody hands on it's physical silver and gold....anything else can be taken...especially if it's digital made....still waiting for the Hunt brothers to return..:)
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I will get my free gold for sure
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thats quite interesting, I like to watch the gold graph from time to time ,and check the price between gold and bitcoin ( even if there is not much correlation) but never considered to change silver to gold at different Ratio.
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Seems like how people benefit in dips and rises in market prices.
I might have a go at it and see how it goes.
Thanks David
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thank you so much for the advice :)
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Thanks for the advice :)
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is this how you've built your steemit wallet? ;)
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ha!
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Looks awesome. Where do you buy your silver
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Great trading tips! I'll definity help me get free golds :)
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Great post and thanks for your advice
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Hi davidp, great chart and ballpark analyses for the gold/silver ratio. With the ratio in mind i have been buying pretty much all silver -- as i salivate over gold piecs. Now i don't feel so bad. I want FREE GOLD too! So i'm going to keep buying up Ag at this ratio level and maybe allocate a pile of coins to "swap" once the ratio swings.
I need to know more about this... Thanks for post!
Also, if you haven't already, check out steemsilvergold. It's a great sub!
Cheers! from thedamus
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i did the opposite and traded gold for silver when gold was 1288 and silver was 17 something.
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