the GSR is a subjective number. The 75:1 is for paper gold and silver. So depending which country you are in and what your premiums and vat levels are all come into the ratio
I did a post last week about the true uk gold and silver ratio and it ain't no where near 75:1 .. if you sold gold to buy silver its about 57 to 1
I started with only 1oz a month for probably the first 3 years, its surprising how it mounts up over time. Ive built up nearly 3oz of gold on top with the £5 note trick. Dont spend any £5 notes, if you get one in your change put it away and save it, if you would usually put £30 of petrol in the car put £25 in and put the fiver away and actively seek a fiver in your change. I would struggle to buy a 1/4 gold but ive bought the first 3 beasts and ive £345 in waiting to pounce on the next one with some spare for the one after. If you have loose change and your partner has a fiver in her purse make a swap, it mounts up quickly and takes all the sting and worry out of buying gold on a small budget. A takeway for example, if it would cost £18 then work out a meal that comes to £15 and so on.
Thanks @ShadowStack - Very Interesting and Enjoyable post - I had Gold Fever Listening and watching your Video - Great Question and Great Answer - you may like a post I did a couple of weeks ago
Gold always going to be number 1.. silver may gain on it but it will never pass it. it's alot easier to store but more people will want to steal it from you as well...Plus it's the way it's been for so long thats never going to change.. both are undervalued and i see the true value being gold around $9000 oz and silver $1000 oz. if this does happen which i think is possible.
so safe to say gold is the winner or is it... Guess thats where silver is the winner but gold is still worth more.
Lets do some math on it. i gonna just round prices off as it easier
say gold $1000 an oz and silver $16
gold 9000 / 1000 = 9 silver 1000 / 16 = 62.5
so you invest $5000 in each
gold 5000 x 9 = $45,000
silver 5000 x 62.5 $312,500
312,500/45,000 = 6.944 times the profit that gold will return..
I not say gold is bad you should have both but it shows silver has great potential and i do think you should have equal amount in monetary terms within your stack. I not quite there yet with the gold but i do plan to buy more and increase my stacks gold to silver rate so it's even.
I buy both! Gold is undeniably awesome and i want more!!! But a few paths to get to that destination include buying bitcoin and silver and playing the ratios...
Y'all know that silver at 75:1 is undervalued so get some! Trade it for gold when the ratio drops.
Y'all know that gold is awesome. Buy some! Get a 1/10th or whatever you can afford. It's very concentrated physical wealth.
Y'all have heard of bitcoin. Get some! I cannot believe what a little amount of bitcoin turns into when you send it to a bullion dealer -- holy moly! It's like it's free!!! I have had some splendiferous moments opening up a box of $600 worth of loot that i paid $300 for a month ago...
to me silver is better than gold because i see more value in silver than gold ... to those who thinks gold is better than silver good for them ... at least they have metals which is better than paper ... followed and upvoted
the GSR is a subjective number. The 75:1 is for paper gold and silver. So depending which country you are in and what your premiums and vat levels are all come into the ratio
I did a post last week about the true uk gold and silver ratio and it ain't no where near 75:1 .. if you sold gold to buy silver its about 57 to 1
https://steemit.com/bullion/@dune69/what-is-the-actual-gold-to-silver-ratio-gsr-in-the-uk-75-1
Thats a nice pile of gold you have there!
Thank you elvis
Once again, on point as always. Thanks for sharing. But my budget only just stretches to an ounce of silver a month.
something is better than nothing ;-)
1 step at a time
I started with only 1oz a month for probably the first 3 years, its surprising how it mounts up over time. Ive built up nearly 3oz of gold on top with the £5 note trick. Dont spend any £5 notes, if you get one in your change put it away and save it, if you would usually put £30 of petrol in the car put £25 in and put the fiver away and actively seek a fiver in your change. I would struggle to buy a 1/4 gold but ive bought the first 3 beasts and ive £345 in waiting to pounce on the next one with some spare for the one after. If you have loose change and your partner has a fiver in her purse make a swap, it mounts up quickly and takes all the sting and worry out of buying gold on a small budget. A takeway for example, if it would cost £18 then work out a meal that comes to £15 and so on.
I will trade all my silver for gold straight up, that is sure (-:
Be ready :-)
Thanks @ShadowStack - Very Interesting and Enjoyable post - I had Gold Fever Listening and watching your Video - Great Question and Great Answer - you may like a post I did a couple of weeks ago
https://steemit.com/steemsilvergold/@blackrussian/gold-fever-and-silver-psychosis
Big Shout @shadowstack
Thank you my friend, for some reason i was able to upvote your post but not resteem it, not sure if its me or your post.
No worries friend - I'm still learning the ins and outs of Steemit
Gold always going to be number 1.. silver may gain on it but it will never pass it. it's alot easier to store but more people will want to steal it from you as well...Plus it's the way it's been for so long thats never going to change.. both are undervalued and i see the true value being gold around $9000 oz and silver $1000 oz. if this does happen which i think is possible.
so safe to say gold is the winner or is it... Guess thats where silver is the winner but gold is still worth more.
Lets do some math on it. i gonna just round prices off as it easier
say gold $1000 an oz and silver $16
gold 9000 / 1000 = 9 silver 1000 / 16 = 62.5
so you invest $5000 in each
gold 5000 x 9 = $45,000
silver 5000 x 62.5 $312,500
312,500/45,000 = 6.944 times the profit that gold will return..
I not say gold is bad you should have both but it shows silver has great potential and i do think you should have equal amount in monetary terms within your stack. I not quite there yet with the gold but i do plan to buy more and increase my stacks gold to silver rate so it's even.
I stack silver. But when I have the funds and find a small gold coin at a reasonable price, I look to add it to my collection.
I buy both! Gold is undeniably awesome and i want more!!! But a few paths to get to that destination include buying bitcoin and silver and playing the ratios...
Y'all know that silver at 75:1 is undervalued so get some! Trade it for gold when the ratio drops.
Y'all know that gold is awesome. Buy some! Get a 1/10th or whatever you can afford. It's very concentrated physical wealth.
Y'all have heard of bitcoin. Get some! I cannot believe what a little amount of bitcoin turns into when you send it to a bullion dealer -- holy moly! It's like it's free!!! I have had some splendiferous moments opening up a box of $600 worth of loot that i paid $300 for a month ago...
Research this shit -- it'll make you rich.
~thedamus
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STOPto me silver is better than gold because i see more value in silver than gold ... to those who thinks gold is better than silver good for them ... at least they have metals which is better than paper ... followed and upvoted
Always love your videos. STEEM ON !!!
Hey shadow its Owen, theres a deal on here that really good i havnt got the steem or funds there out of my league but i thought of you
https://steemit.com/lunar/@britcoin/for-sale-royal-mint-lunar-treble-year-of-sheep-and-monkey-and-rooster-300-steem-tokens-delivery-10-steem-tokens
Dat Gold Tho'...