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> how to invest silver in malaysia

realcyma
post Dec 11 2009, 02:05 PM


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Buddies,

I want to invest on silver.

i want to buy some paper silver... which is just like a gold account, only need the passbook, not need to handle the real goods.

Any bank have this service?

Thanks

This post has been edited by realcyma: Dec 11 2009, 02:05 PM
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leongal
post Dec 11 2009, 04:31 PM


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mutual fund got - amprecious metal....
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jasonhanjk
post Dec 12 2009, 12:26 AM


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http://forum.lowyat.net/index.php?act=Sear...highlite=silver
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mohawkvidtz
post May 20 2010, 09:17 PM


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link are broken bro..any trading silver in malaysia..dont want the mutual fund
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alwaysme
post May 20 2010, 10:49 PM


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silver also precious ha for investment, i believe gold would be more valuable n more longer term investment
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myvi5949
post May 21 2010, 10:41 AM


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silver prices are kept artificially low by jp morgan.. it may well outperform gold in the long run. U can buy from public gold, but the price is usd6 over spot price.

edit: found this website. can compare prices..is it cheaper? http://goldsilvermalaysia.com/sg/

This post has been edited by myvi5949: May 21 2010, 11:50 AM
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mohawkvidtz
post May 21 2010, 03:53 PM


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QUOTE(myvi5949 @ May 21 2010, 10:41 AM)
silver prices are kept artificially low by jp morgan.. it may well outperform gold in the long run. U can buy from public gold, but the price is usd6 over spot price.

edit: found this website. can compare prices..is it cheaper? http://goldsilvermalaysia.com/sg/
*
public gold? public bank eh bro


Added on May 21, 2010, 3:59 pmalready find out bro...just like public dinar right..not public bank..lol

This post has been edited by mohawkvidtz: May 21 2010, 03:59 PM
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alan60
post May 26 2010, 11:54 AM


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public gold and public dinar is actually the same company.

public gold - publicgold.com.my
public dinar - publicdinar.com

now public gold do sell physical silver and jewellry also.
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cybermaster98
post Jun 1 2010, 02:44 PM


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Where can i buy physical silver in KL? Im interested in getting a 1KG bar just for investment purposes. But i want the real deal and not some black market stuff. There are many investment reports suggesting that silver will become the new gold rush in a few years time.
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idunnolol
post Jun 1 2010, 04:20 PM


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QUOTE(myvi5949 @ May 21 2010, 10:41 AM)
silver prices are kept artificially low by jp morgan.. it may well outperform gold in the long run. U can buy from public gold, but the price is usd6 over spot price.

edit: found this website. can compare prices..is it cheaper? http://goldsilvermalaysia.com/sg/
*
very interested at the silver coin but they seems to require minimum order of 100 for silver eagle and liberty round
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CheapSilver
post Jun 1 2010, 06:03 PM


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QUOTE(cybermaster98 @ Jun 1 2010, 02:44 PM)
Where can i buy physical silver in KL? Im interested in getting a 1KG bar just for investment purposes. But i want the real deal and not some black market stuff. There are many investment reports suggesting that silver will become the new gold rush in a few years time.
*
I 'm selling since 2009 at ebay, U can visit my store at http://myworld.ebay.com.my/silvermalaysia
now about 50 x 1 oz bar still available.


Added on June 1, 2010, 6:04 pm
QUOTE(idunnolol @ Jun 1 2010, 04:20 PM)
very interested at the silver coin but they seems to require minimum order of 100 for silver eagle and liberty round
*
I can sell U at a lower quantities. I have lot of silver philharmonics.
visit my store at http://myworld.ebay.com.my/silvermalaysia
I have lot of buyers in Klang Valley.


This post has been edited by CheapSilver: Jun 1 2010, 06:04 PM
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alan60
post Jun 1 2010, 11:16 PM


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is your silver bar come with any certificate?

so how or where do i sell my silver bar if buy from you?

can i open the seal of the packet?
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cybermaster98
post Jun 2 2010, 09:15 AM


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My question still isnt answered. Where do i buy physical pure silver in Malaysia? Which bank sells? How much for a 1kg block now?
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myvi5949
post Jun 2 2010, 05:42 PM


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QUOTE(cybermaster98 @ Jun 2 2010, 09:15 AM)
My question still isnt answered. Where do i buy physical pure silver in Malaysia? Which bank sells? How much for a 1kg block now?
*
Dude u dunno how to read previous post? sweat.gif sweat.gif

and btw.. its stupid to buy 1kilo block silver. u wont be able to sell it if hyperinflation scenario come. buy the 1 ounce or 10 ounces only.
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cybermaster98
post Jun 2 2010, 05:44 PM


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QUOTE(myvi5949 @ Jun 2 2010, 05:42 PM)
Dude u dunno how to read previous post?  sweat.gif  sweat.gif

and btw.. its stupid to buy 1kilo block silver. u wont be able to sell it if hyperinflation scenario come. buy the 1 ounce or 10 ounces only.
*
If u read carefully i said PURE SILVER
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wodenus
post Jun 2 2010, 06:59 PM


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QUOTE(cybermaster98 @ Jun 2 2010, 05:44 PM)
If u read carefully i said PURE SILVER
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How would anyone have pure silver?

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myvi5949
post Jun 2 2010, 11:38 PM


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QUOTE(cybermaster98 @ Jun 2 2010, 05:44 PM)
If u read carefully i said PURE SILVER
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dont invest in something u dun know much about..do ur research first before parking ur money.
there is no PURE silver in a true sense of a word. The highest purity is usually 99.999 for fine silver and gold bullion.
and if u want buy from ebay, dont fall for scam people selling clad silver or sterling silver or 100mill silver. those are fakes. buyer beware.

This post has been edited by myvi5949: Jun 2 2010, 11:43 PM
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CheapSilver
post Jun 3 2010, 04:30 PM


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QUOTE(alan60 @ Jun 1 2010, 11:16 PM)
is your silver bar come with any certificate?

so how or where do i sell my silver bar if buy from you?

can i open the seal of the packet?
*
No certificate, those coin with certificate are very expensive as such U may as well buy gold with that price.
You can test at www.fedmas.com.my an independent assaying body, the cost of testing per sample is RM100.00 + destruction of the sample. Thus it cost easily RM200+ per test. considering petrol and toll. You need to sell a lot then only the testing cost is covered. I have sent some limited sample for testing, so far no problem.

Profit margin for Precious Metal is very low, U can see at UOB only 4% spread, PUblic Gold only 4-6.5% spread.
Question? Who want to cover the testing cost?

so the next thing to buy will be bar with special hallmark such as PAN Am, sunshine, silvertowne etc.
use weighting scale as a first line of defense.

Last time puchong house is very cheap, no body want to buy. If U buy, U cannot sell it off. When the market developed, then puchong house rise like rocket. The same thing goes to silver as well. You wait for the market to develop, U shall pay for the high price later on. If everything is so easy that U can pre-calculate b4 hand then things will not wait for U.


Added on June 3, 2010, 4:40 pmAn 100 oz bar will take up 20 to 25% less space then 100 x 1 oz coin. Thus, investment in bar are for the super rich. From liquidity point of view, it very illiquid. Primarily resale market are factories, minting services company, super rich family who want to buy few tonnes of silver.

Unless it is a pour bar (like perth mint bar), chances of fake or 1/2 fake bar with plumbum (lead) inside the bar is high as one can drill and hollowed inside the bar and fill it up with lead. as lead is heavier than silver.
It happened in engelhard 100 oz bar. I seen the picture somewhere.

QUOTE(myvi5949 @ Jun 2 2010, 05:42 PM)
Dude u dunno how to read previous post?  sweat.gif  sweat.gif

and btw.. its stupid to buy 1kilo block silver. u wont be able to sell it if hyperinflation scenario come. buy the 1 ounce or 10 ounces only.
*
This post has been edited by CheapSilver: Jun 3 2010, 04:40 PM
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myvi5949
post Jun 3 2010, 07:34 PM


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Thanks for the info.. very helpful.
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CheapSilver
post Jun 4 2010, 12:50 PM


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sorry for the mistake, a 100 oz bar take up the only 20 - 25% space of 100 x 1 oz coin.
Thus, the space needed to store 100 x 1 oz coin can be used to store 4-5 x 100 oz bar.
Thus, a tremendous saving in storage space by a factor of 4 at least.

QUOTE(CheapSilver @ Jun 3 2010, 04:30 PM)


Added on June 3, 2010, 4:40 pmAn 100 oz bar will take up 20 to 25% less space then 100 x 1 oz coin. Thus, investment in bar are for the super rich. From liquidity point of view, it very illiquid. Primarily resale market are factories, minting services company, super rich family who want to buy few tonnes of silver.

Unless it is a pour bar (like perth mint bar), chances of fake or 1/2 fake bar with plumbum (lead) inside the bar is high as one can drill and hollowed inside the bar and fill it up with lead. as lead is heavier than silver.
It happened in engelhard 100 oz bar. I seen the picture somewhere.
*
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