Hello, I currently have a small amount of gold and silver.
With the current price ratio of gold to silver to approx. 100:1 a near record high. I am considering selling my gold for silver.
However to do this I have to sell my gold for cash which they take a commission, then I have to buy silver with the cash which I also have to pay a commission. Is there anyway to make the trade without costing two lots of commission. Ideally I would just like to swap
Physical
Buy gold bullion
Is this a bot account that just goes around saying
Buy gold bullion
and
Buy gold
?
Some people are immune to good advice
Nope, real person
Ring around some dealers and you might find one prepared to accommodate you. Any commission or spread is very negotiable, especially if you have more metal.
If you mean swapping derivatives like ETFs, the commission is pretty low, and trying to find a lower option is unlikely to be worth your time (i.e. the cheapest discount broker might save you $20, hardly worth the effort of opening a new account).
Even better is to buy and sell privately (direct)
Get it made into gold necklaces, the police can't seize it as it's technically an item of clothing at the time of your arrest.
What city are you in/near?
For those that want to jump into Gold, which is going gangbusters presently (up 46% in just 12 months) you can invest in the ASX:GOLD ETF via any trading platform
https://www.morningstar.com.au/investments/security/ASX/GOLD…
'Paper' or physical?