[WTT] INSANE TRADE --- 1oz gold for 60oz silver <--WHAT????

[MadC]

Hey guys,

I have a 1oz pure gold .999 scotia bank bullion bar I want to trade for 60oz of silver bullion or coins..


current market values are:

1oz gold = $1,215.00
60oz silver = $1080.00

THIS IS A NO BRAINER, gold is predicted to hit $1,300 by year end. And this trade is litterally like paying $1080.00 for 1oz of pure gold priced at $1,215. (SAVINGS?)


I have more gold, but want to have silver aswell.. dealing with a dealer or bank would be a suckers bet through taxation and profit mongering...

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if you sold your silver to a dealer you would get at MAX 92% of it's market value..

If you have small 1oz bars to sell I will pay $1.00 more per ounce then market rate...


so instead of a dealer giving you 92% MAX for silver, I give over 100% paid for silver..

let me know.....Donny, Cheers

[a-tree]

Interesting.

For one to unload their gold bullion in this fashion he would have to believe strongly that silver prices would rise more than the gold prices, especially since he is willing to pay more than what dealers supposedly pay. If this were true of course the person unloading their silver would lose out unless the gold prices rose more than silver prices (which OP claims will hit $1300 by year's end).

If anyone is actually interested in this trade ask yourselves 'why is this guy so eager to unload his gold? and for more than what dealers are willing to pay?' and 'how much is silver expected to hit by the year's end in comparison to gold's rise?' Even if the gold prices rose more than silver there have been articles written indicating that gold could be heading towards a bubble. Check this out. http://www.theglobeandmail.com/news/...rticle1401546/

OP's eagerness worries me. Perhaps he is selling a yellow-foil covered chocolate, literal or otherwise.

[najibs]

Interesting.

For one to unload their gold bullion in this fashion he would have to believe strongly that silver prices would rise more than the gold prices, especially since he is willing to pay more than what dealers supposedly pay. If this were true of course the person unloading their silver would lose out unless the gold prices rose more than silver prices (which OP claims will hit $1300 by year's end).

If anyone is actually interested in this trade ask yourselves 'why is this guy so eager to unload his gold? and for more than what dealers are willing to pay?' and 'how much is silver expected to hit by the year's end in comparison to gold's rise?' Even if the gold prices rose more than silver there have been articles written indicating that gold could be heading towards a bubble. Check this out. http://www.theglobeandmail.com/news/...rticle1401546/

OP's eagerness worries me. Perhaps he is selling a yellow-foil covered chocolate, literal or otherwise.

And here we are a year and a half later....and you'd be wrong. At the time the person would have gotten a better deal, but the OP has some good insight into the market and would have been ahead by about $300.