For those who know me, and as I said many times in the past, my ultimate goal is gold.
With a small budget for precious metals a month, I could only afford to buy a fractional gold coin and a few silver pieces. For this reason, most of the pieces I have are 1/10 oz and 1/4 oz gold coins.
I have not sold any silver since I started my stacking journey... until now.
The gold-to-silver ratio provides insight into the relative value of these two precious metals. It is calculated by dividing the current spot price of gold by the current spot price of silver.
Below is a 5-year chart of gold-to-silver ratio.
Well, you all know what is happening to the ratio lately! Just look at the chart.
So, towards the end of December, I decided to trade some silver for gold.
After calling for an appointment, I packed a few ounces of silver and headed out to a local coin shop in Sacramento.
At the local coin shop...
I changed my mind and decided to keep two rolls my American Silver Eagles. I don't know why... I bought them for less that $20.00:
John, the co-owner of the local coin shop, took all coin containers, which, in hindsight, I should have kept... but who cares!
I was so pleased with the results!!!
I now have added two large gold coins to my gold stack. I could never afford to get in cash, because they are expensive!
Reference
https://bullionexchanges.com/charts/gold-silver?utm_source
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Gold and Silver Stacking is not for everyone. Do your own research!
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I hope to see you again soon!
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I post an article daily. I feature precious metals every other day, and on other days I post articles of general interest. Follow me on my journey to save in silver and gold.
