Traded some silver for gold today
Posted: Wed Apr 20, 2011 3:21 pm
This run up in silver in the past 2 weeks is fun and all, but I'm thinking either a: gold has to catch up, or b: silver could correct..
considering I was sitting on 4 ATB sets, I sold 2 of them ($2,650 total) plus a couple eagles and bought 20 x 1/10th oz Gold Eagles for $149 each + $38 shipping (PM for details if its not already posted, was an ad in birds and blooms + VFW Magazine) for a total of $3,056 for 2 ounces of fractional gold. My local coin store pays $160 or so per 1/10th oz coin, so I figured I can't go wrong.
Anyone else hedging their bets against a partial correction in silver? I'm not rooting for a correction or anything.. but this was my first gold purchase. I was 100% silver, now I'm about 75% silver, 25% gold
considering I was sitting on 4 ATB sets, I sold 2 of them ($2,650 total) plus a couple eagles and bought 20 x 1/10th oz Gold Eagles for $149 each + $38 shipping (PM for details if its not already posted, was an ad in birds and blooms + VFW Magazine) for a total of $3,056 for 2 ounces of fractional gold. My local coin store pays $160 or so per 1/10th oz coin, so I figured I can't go wrong.
Anyone else hedging their bets against a partial correction in silver? I'm not rooting for a correction or anything.. but this was my first gold purchase. I was 100% silver, now I'm about 75% silver, 25% gold