DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - I'd just like to say it's nice to see silver holding past $33.

**johnuioyer** · 02-29-2012, 01:40 PM

I certainly hope so. I did quite well last April doing a large trade at 34 to 1. Had I waited two more days I would have done even better but better to be two days early than a day too late I guess.

i think a good working practice is, a long-term GSR of 30:1 is very conservative.

so if you can buy 24 ounces of silver for $1000, you're buying something that can be traded for .8 ounces of gold (all-right, except for the buy-sell spread ... close anyway.)

which is sort of like getting gold for $1250 an ounce. which is a good deal.

one assumption though - that you can hold the silver long term to make the trade. if you run short on cash and need to sell PM's to pay the bills, it blows these clever schemes out of the water.

02-29-2012, 01:40 PM	#27
johnuioyer Join Date Oct 2005 Posts 702 Senior Member	I certainly hope so. I did quite well last April doing a large trade at 34 to 1. Had I waited two more days I would have done even better but better to be two days early than a day too late I guess. i think a good working practice is, a long-term GSR of 30:1 is very conservative. so if you can buy 24 ounces of silver for $1000, you're buying something that can be traded for .8 ounces of gold (all-right, except for the buy-sell spread ... close anyway.) which is sort of like getting gold for $1250 an ounce. which is a good deal. one assumption though - that you can hold the silver long term to make the trade. if you run short on cash and need to sell PM's to pay the bills, it blows these clever schemes out of the water.
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