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I think your gold ratio trading statement is backwards.
1) A question: Did you mean to recommend trading silver for gold at this time, or gold for silver? With the ratio as it is in relation to historical gold/silver ratios, I would expect the latter.
2) If you are holding Swiss francs, be aware that from time to time the Swiss take old notes out of circulation. After a certain date, your physical franc notes may no longer be legal tender. Be aware of this and check on line whether you need to swap your current notes for new ones.
Out of Silver and into Gold?
Don’t you mean out of Gold and into Silver?
Yes, Gold is 83 times the price of Silver. Normal ratio is 20:1 typical price average or 10:1 (in the earth). Selling gold for silver would take advantage of this situation. Just remember that one ounce of gold would get you about 80 ounces of silver. And gold has a higher density than silver. Therefore the same “Monetary Value” of Silver takes a lot of room to store, relative to gold, so if you have a storage safe that is a quarter filled with gold, and you sell maybe 10% of your gold to buy silver, the silver would likely fill the rest of the safe….. Maybe buying a bigger safe might be needed!
Kris, I believe he means trade your silver for gold. Both metals are undervalued by TPTB, gold even more so. I too am now seriously wanting to invest in PMs. I’m not a smart man, but I can see what’s coming economically. Good luck to you.
This is a REVISED comment : Kris, I believe he means trade some of your gold. Both metals are undervalued by TPTB, silver even more so. I too am now seriously wanting to invest in PMs. I’m not a smart man, but I can see what’s coming economically. Good luck to you.
I’m not a huge believer in PM’s personally. I think that they are far too easily manipulated and that they are intentionally crashed regularly by those market manipulators. As soon as they get to the point where they begin to recover their value from the intentional crash, the cycle begins anew. Granted, they are a predictable store of value, but so are tools and firearms, and I can derive enjoyment from those, so that is where I put my PM funds. That said, I have followed the advice of this blog by building a modest reserve of Swiss Francs via PayPal and whenever I make a trip through an International Airport. I too believe that it will outperform the dollar.