How to Swap Gold for Silver – Taking Advantage of the Record High Gold Silver Ratio

How to Swap Gold for Silver – Taking Advantage of the Record High Gold Silver Ratio

See why choosing to swap your gold for silver just might be a good idea right now…

Do you own a reasonable amount of gold? Would you like to swap your gold for silver?

We received an excellent question from a reader this week on just this topic:

“With the ratio above 90, I was wondering about the feasibility of
“swapping” out some gold in exchange for silver.

Do you know anyone who could facilitate such a trade?”

What is this person talking about when he says “With the ratio above 90”?

He’s simply talking about the Gold to silver ratio.

What is the Gold Silver Ratio?

The gold silver ratio is the price of an ounce of silver divided into the price of an ounce of gold. The resulting number shows how many ounces of silver it takes to buy an ounce of gold.

Currently the ratio is 92.

The ratio is still very close to the 28 year highs reached in June. So there is a very good argument that now is a better time to buy silver than gold.

Learn more about the gold to silver ratio including: How high could silver rise if the gold silver ratio falls?…

What is the Gold Silver Ratio? Why is the Gold Silver Ratio at New Highs?

But what about if you don’t have any spare cash at the moment?

And if you already own some gold?

Should You Sell Gold and Buy Some Silver Instead?

Right now this may be a very good move. With silver historically very cheap compared to gold and gold starting to break out.

We could see some large moves in silver to come as it begins to catch up with gold. You see, silver usually lags gold, but then plays catch up.

Also look at the long term gold to silver ratio chart below.

Gold Silver Ratio 28 Year Highs – Time to swap gold for silver

You’ll see that the ratio has never stayed at extreme highs for very long. So if history is any guide, it’s only a matter a time before it heads lower.

Don’t Just Sell Your Gold and Buy Silver Later – Swap it Instead!

So should you sell your gold and buy silver?

No. Instead you are better off to swap gold for silver.

We have a couple of options where you can exchange your gold for an equivalent value in silver bars.

How to Save on the Buy Sell Spread

This way you save on the standard buy/sell spread. Normally you will sell your gold for a set percentage below the spot price of gold. Then buy silver for a set percentage above the spot price of silver.

But by swapping gold for silver you will save a number of basis points on the transaction.

If there is any balance left over (it’s hard to get the exact number of kilograms of silver to divide into ounces of gold), it can be deposited directly into your bank account.

If you’re thinking of exchanging some gold for silver this will likely be the best option. Get in touch to see how it would work out for the amount of gold you wish to swap for silver.

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2 thoughts on “How to Swap Gold for Silver – Taking Advantage of the Record High Gold Silver Ratio

  1. Pingback: Bank Economists Change Their Tune - Again - Gold Survival Guide

  2. Pingback: Has the Silver Breakout Started? Why a Short Squeeze Could be Developing - Gold Survival Guide

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