good article to share http://www.wealthwire.com/news/headlines/1032?lloct=2

Gold vs paper

Depends what YOUR expectatioons are........

If you think world economy will do TSHTF....then buy physical. Physical in Bolihland is expensive becos its considered a commoditiy subjected to
taxes and duties. Just on tax/duties alone you are paying 15%. Add the premium spreads by the dealers, you are lookin at 20 to 25%.

The if you are one who doesnt think TSHTF scenario, there are lots of paper play........not just accounts. You have the ETFs........

like SLV- i silver shares tacks price of silver
AGQ - pro ultra silver shares- is 2 x tracking price of silver
And many many moree

Hmm and all this while I thought tax is applicable only on silver/gold coins and not on bullions.

already exceed USD44/oun on yesterday..wow.

Its 45$ today

Is $45.95 now...........

Since there is none in Msia, you can consider opening a Silver Saving account with UOB Spore

Here is the link

http://www.uob.com.sg/personal/investments...ous_metals.html

Even then, u can't open the Silver Saving, unless ur a PR / resident there

I just checked with them but unfortunately they don't have any other branches in penang. I'm from Penang...
I have to go KL to create an account there, is a bit difficult for me.

There's a company in Penang selling silver bullion, www.publicgold.com.my.

The silver bars are available in 500g and 1kg however they are manufactured and certified "locally".

Yes, you can. You can write to them to enquire on the procedure.

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Added on April 21, 2011, 5:15 pmCan anyone advice me on this :-

I wish to order some silver coins (silverkeiser) maybe in the range of 10 to 30 pieces of 1oz. Can anyone tell me if the coins are subjected to 15% taxes (when clearing local custom)?



This post has been edited by chrischin: Apr 21 2011, 05:15 PM

Ya I know this one, just thinking of another option...
1stopgold selling the PAMP silver should be more better than the "certified locally" I guess.

YES, don worry of 1stopgold. They are the official distributor for PAMPs, under MKS finance. so..lol..worry free

here

But i can't get it in Penang

thanks guys....i will look into it.

they also got 250g bar but their premium is higher than PS bar :-)

apart from 1stopgold, anywhere i can find smaller weight silver like 10oz ?
1stopgold only have the kilo which cost lil less than 5k

Theres also 1oz bars and coins ;-)

Local silver coin's they're 30 grams each about 1oz+. Easier to sell back out as well in small amounts as oppose to 1kg bars you can't cut it into half.

http://www.nubex.com.my/v2/product_info.ph...63bad7142c8d4c5

This post has been edited by 8181: Apr 22 2011, 02:53 PM

The dirhams is the most liquid silver :-)