Yesterday I took advantage of GSR to swap out of some more gold and into silver. My “gold-in-stock” now averages A$1567 / oz, So around 50% return over 2 1/2 years.
last time i posted I had done this, Regulars would remember I posted that there was a delay waiting for silver 100oz ingots to come available. Of course, there was much tittering and scoffing.
Yesterday, at changeover, I was discussing my concern that when the GSR normalised, I would return, but was worried if there would be gold available to swap back in to.
i was told there is a lot of activity now, people from all walks swapping gold into silver. Also, and tellingly, “there is a real shortage of gold and silver, and Perth Mint has very limited supply of both”
and before any sadsack starts with “of course he would tell you that”, I will point out, my transaction was complete. Telling me this helped his business absolutely zero. He was talking general.
