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Copper Catcher
Administrator
USA
2092 Posts |
 Posted - 10/17/2008 : 11:34:57
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Poll Question:
I know from time to time on the board there has been interest to find folks willing to trade copper for silver. However, I'm not sure there have been many takers on this.
Now I am curious since spot price doesn't really seem to reflect the actual cost of getting bullion silver, gold or platinum I'm curious to know of anyone at this point would like to trade what they might be holding for something different?
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Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 10/17/2008 : 19:24:18
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| I'd like to trade silver for gold. |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 10/17/2008 : 22:47:28
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I think you should have other choices:
I'd like to trade my 40% Ag for ... |
There's profit if you melt things!!
8{> |
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fb101
Administrator
USA
2856 Posts |
Posted - 10/17/2008 : 23:21:23
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I second Computer Jones;
I'd like to trade my 40% for 90% or gold if I could get a reasonable rate of exchange. |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 10/18/2008 : 08:10:25
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| Ant, I'm with you...I'd like to trade "some of" my silver for gold. |
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natsb88
Administrator
USA
1850 Posts |
Posted - 10/18/2008 : 08:57:43
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| I'd trade a little silver for gold or platinum, IF I could get a reasonable rate for the silver. Spot price isn't a fair a value. |
Nate
The Copper Cave
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misteroman
Administrator
USA
2565 Posts |
Posted - 10/18/2008 : 13:19:52
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| all i have is silver and wouldn't trade it for anything.would trade CU for silver tho. |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 10/18/2008 : 15:54:14
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Ten people so far have voted for exchanging their silver for gold. At the ratio of current ratio of 83:1, I'd like to call your bluff. In fact, I'll trade my gold (either J&M or RCM 1 oz bars) for your silver to anyone at a rate of 1:75 (as long as it is in an "acceptable" form - Maple Leaf, Silver Eagle, or *recognized* 10/100 oz bars). Each side pays their own shipping and insurance.
p.s. I live in Canada if that causes any shipping/logistical concerns. |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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cwgii
Penny Hoarding Member
USA
924 Posts |
Posted - 10/18/2008 : 16:44:49
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| love to trade some of these pennies for either. living in a travel trailer does not lend itself to hoarding. |
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natsb88
Administrator
USA
1850 Posts |
Posted - 10/18/2008 : 17:26:41
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quote:
Originally posted by Nickelmeister
Ten people so far have voted for exchanging their silver for gold. At the ratio of current ratio of 83:1, I'd like to call your bluff. In fact, I'll trade my gold (either J&M or RCM 1 oz bars) for your silver to anyone at a rate of 1:75 (as long as it is in an "acceptable" form - Maple Leaf, Silver Eagle, or *recognized* 10/100 oz bars). Each side pays their own shipping and insurance.
p.s. I live in Canada if that causes any shipping/logistical concerns.
That's why I had a big "IF" in my reply. I started buying when silver was $20/ounce and gold was $1000/ounce, so if I go by what I actually paid instead of going by spot, a reasonable trade for me would be more like 1:50, and that would be for generic Ag/Au.
Even if you go by today's real prices, instead of spot prices, a 1:75 trade doesn't work out very well. A 1:75 trade for CML's, ASE's, and 10 oz bars, all three having some of the highest premiums of any silver out there at the moment, would work out to something like $1200/ounce for gold. 1 oz bars are available on Nucleo for under $900.
Goes back to the original post:
quote:
Originally posted by Copper Catcher
...since spot price doesn't really seem to reflect the actual cost of getting bullion silver, gold or platinum...
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Nate
The Copper Cave
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 10/18/2008 : 17:37:54
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Nickelmeister, I don't think anyone said anything about trading at any specific ratio. Also, obviously since you are in Canada shipping stuff to you from the US will require filling out custom forms etc. Not offense, but that is a real pain in the butt not to mention the cost.
Regardless, I think the way to determine the strike price two parties could settle with would be to both try to determine what the going rate is for both gold and silver, maybe using eBay in trying to determine the current market price.
For instance glancing at eBay it would seem you might be able to buy a 10oz Silver Engelhard Bar "if you are lucky" for $130 to $140 plus postage. Obviously you’re not going to be able to buy one at spot!
Likewise, for a Gold Engelhard Bar you might be able to get a one ounce bar for between $800 to $850. Again, if you are lucky!
So, maybe something like 60 ounces of silver to 1 ounce of gold is fair? I'm sure others might have a different opinion! Does this seem too low or high? What say you?
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Copper Catcher
Administrator
USA
2092 Posts |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 10/18/2008 : 21:24:14
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I'm waiting for 16:1 to come back around.
It stood for quite some time, unlike the out of sync pricing that is happening now.
I'm in no hurry.
Gold's going to drop or (more likely) Silver will rise.
I'm in it for the long haul.
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There's profit if you melt things!!
8{> |
Edited by - Computer Jones on 10/18/2008 21:31:42 |
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fasTTcar
Penny Hoarding Member
Canada
573 Posts |
Posted - 10/19/2008 : 08:16:31
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I am willing to trade $100 face lots of Canadian pre '67 coins (60 oz. ASW) for 1 oz. .999 gold coin or bars.
Email if interested.
fasTT |
www.londongoldbuyer.com |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 10/19/2008 : 21:55:26
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quote:
Originally posted by Copper Catcher
Nickelmeister, I don't think anyone said anything about trading at any specific ratio. Also, obviously since you are in Canada shipping stuff to you from the US will require filling out custom forms etc. Not offense, but that is a real pain in the butt not to mention the cost.
Regardless, I think the way to determine the strike price two parties could settle with would be to both try to determine what the going rate is for both gold and silver, maybe using eBay in trying to determine the current market price.
For instance glancing at eBay it would seem you might be able to buy a 10oz Silver Engelhard Bar "if you are lucky" for $130 to $140 plus postage. Obviously you’re not going to be able to buy one at spot!
Likewise, for a Gold Engelhard Bar you might be able to get a one ounce bar for between $800 to $850. Again, if you are lucky!
So, maybe something like 60 ounces of silver to 1 ounce of gold is fair? I'm sure others might have a different opinion! Does this seem too low or high? What say you?
I wasn't trying to insult anyone's intelligence, in fact this was my point exactly. Claiming that you'd "like to trade silver for gold" without specifying a ratio is completely ludicrous. The spot vs. spot ratio sits at 83:1 right now, a point at which I would be a trader of Au to Ag unquestionably. My offer to call people on this trade just proved my point :) |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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snappy
Penny Collector Member
USA
301 Posts |
Posted - 10/19/2008 : 22:06:02
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| copper for silver... |
Selling Ryedale sorted USA cents
1.5 each + shipping over 500fv 1.5 each +1/2 shipping
If you pick up 1.35 each
located MT/ND boarder.
after Ryedale sorting they are hand sorted to remove canadian then rechecked with Ryedale to insure all copper and count out $50 FV then placed in cloth bags and sealed with #1 copper wire. |
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cwgii
Penny Hoarding Member
USA
924 Posts |
Posted - 10/19/2008 : 23:44:07
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| copper for gold. conservation of space is necessary when one lives in a travel trailer. |
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SANITARIUM_INMATE
Penny Pincher Member
211 Posts |
Posted - 10/20/2008 : 09:01:04
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| I have a 78 gram 14k gold figaro necklace I think I might want to trade for a similar weighted platinum necklace If anyone has one to offer. |
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misteroman
Administrator
USA
2565 Posts |
Posted - 10/20/2008 : 10:15:04
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quote:
Originally posted by cwgii
copper for gold. conservation of space is necessary when one lives in a travel trailer.
$50K in silver is about the size of a loaf of bread.I think you have enough space for something of that size and I'm guessing if you live in a travel trailer,you don't have $50k in silver.
Derek |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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cwgii
Penny Hoarding Member
USA
924 Posts |
Posted - 10/20/2008 : 10:21:30
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ha, used to have about 20k.only have about 5 now. wait, that was pre drop. now it is 2500.
by problem with copper is just the shear weight. i like haveing quantity over quality. but it just is not feasible anymore. |
Edited by - cwgii on 10/20/2008 10:51:03 |
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 10/20/2008 : 17:04:46
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Since the question was a poll question it was really was about asking people in terms of what they would like to hold, or have more of, versus what they have now.
I think it is a fair statement that out of 23 votes 12 people say would like to have more gold in their pocket than silver.
Unfortunately, the spot price does not truly refect the market price. Today gold is around $795 and silver $9.73. however is doubtful you are going to find anyone willing to trade spot versus spot for gold and silver because the premiums people have to pay for the smaller bars of silver are a considerable amount over spot.
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cyberdan
Penny Collector Member
USA
289 Posts |
Posted - 10/20/2008 : 18:27:48
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quote:
Originally posted by snappy
copper for silver...
I am with snappy.
copper for silver
got a lot of copper - want more silver |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 10/20/2008 : 19:02:09
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If I had gold, I would trade for silver. I think the price is manipulated and the premiums are in place to cover the dealer's arse.
I have bought 50+OZ of CML's(they are so pretty) for 5 over spot the last couple weeks and I feel good about it. Over time (hopefully in the next 24mo) the silver prices will move up to represent a more respectable GSR...
I can still find CML's for that price (as of a week ago) appox and in a week or so plan to pick up another roll.... And I will still feel good about it.
Or I might be a moron, wife hasn't told me as of yet. |
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If you could, would to trade for???
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