Originally Posted by Jamesbong
I'm heavy in silver and thinking about trading some ASE or Morgan Dollars for some 1/10 or 1/4 oz fractional gold coinage... the ratio was just 72-1, just in the last couple weeks and about 65-1 and it's a bad time with ratio over 60-1 to convert. ...So if we take a hit, I'm looking to be a little more safeguarded. Convert or not convert, and if so either Morgans or ASE's. What would be a good trade for a 1/10 or 1/4oz of gold, and go for numis in case gold takes a hit or just bullion coins.
Is it important to do it right now? Do you think Ag will drop to $9 again, or Au will hit $2000, while Ag stays flat? Ag IS more volatile than Au and it's just emerging from the cellar. But silver hopefully will show its UPWARD volatility- THEN sell or swap for Au at much more favorable ratios.
Selling 70 SAEs at $21 would bring over $1470. Selling 65 SAEs would still get $1365.
In the end, I wouldn't swap at today's ratio because I believe silver is undervalued somewhat more than gold. How much? Well, it should be $21.50 minimum (52:1) plus possible premiums.