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 how to invest silver in malaysia

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SGKSY
post Sep 29 2011, 01:08 PM

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QUOTE(chef @ Sep 29 2011, 12:55 PM)
Yup, same as you.

Actually no lah, like you I travel there and back often. So I'm considered "from overseas". So what's your next order anyway? gathering so much cash.. mine giving us some hint?

chef
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i order online one from US, not singapore.....i don' order much , few k sing dollar per purchase only. mostly are for own holdings. If i see demand , then i throw my thing out , sell cheap and replace my holdings with lower cost. My profit margin is thin.

If nobody buys, i also won't feel panic, cos my intention is to buy and increase my silver holdings.

No points to seek profit by doing illegal thing. hehe


Added on September 29, 2011, 1:09 pm
QUOTE(GoldChan @ Sep 29 2011, 12:57 PM)
well, selling is quite tiring! unless you have a fix shop where people can just come over and collect. COD in 3-4 places a day can be very taxing.
there is a limit to how much one can sell via CoD. Best is make few big deals, and let the reseller sell to others. Otherwise it's simply not scalable.
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ya , that's why i always sell cheap and hope to attract seller to group buy for me.


Added on September 29, 2011, 1:34 pm
QUOTE(getsmart @ Sep 29 2011, 07:21 AM)
1pc limit was for apmex 1 day offer.
gainesville is now selling it for USD99, not sure got limit or not
just got email from them regarding 10% deposit by bank transfer to make order.
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anyone else received their email ? i didn't receive the email ler.

This post has been edited by SGKSY: Sep 29 2011, 01:34 PM
SGKSY
post Sep 29 2011, 02:00 PM

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QUOTE(chef @ Sep 29 2011, 01:41 PM)
Well, you have moved up quite fast, selling directly to reseller like goldchan already. I'm still collector level only, occasional group buy from the US, not singapore only lah. Good to know at least you are helping all malaysian to get high demand items in and sell to us at low price. But as you mentioned, don't do illegal things lah, it's not worth it when caught.

chef

Yup, I got the email from gainsville early last night, I think no way I will continue to buy from them anymore, how to lock price like that! anyway, doesn't affect us much. Then the next rumour is, other US company will raise the premium or follow suit, too many people with poor business ethic, they implemented this because many people ordered at high price but chicken out on the deal when silver price drop 25%, so now they want cash in the bank before they trust overseas buyer.
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you mean 28 or yesterday midnight? but i just placed an order yesterday and not ppl asking me to place deposit ? I didn't receive the email regarding the deposit.
SGKSY
post Sep 29 2011, 02:23 PM

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quite upset just now. got a group of resellers take my price compare with william, he said william sell only 163 per pc and said my one 175 is expensive. so ridiculous, william has not ready stock and need to wait one month to get stock. they don't know time is money.

Whoever want to pre-order panda, i can do for him, 160 per pcs and wait for one month , pay in full ,please. When i said so, he keep quiet.

walau, selling cheap also complained by others.

they don't want to buy just because i declined to lower to price to 172. if they think 163 can get the stock ,why buy 172 from me? If they really want to buy cheap ,they will take my offer of 160. Those kind of reseller want to take advantage of me and sell higher to other, i will blacklist them forever.

They think they are clever and want to put pressure on me to reduce price. But they failed.....

I am not blaming them. They just too greedy. I sell cheap, they want cheaper and the just want to resell for higher profit and make more profit than me. haiz.... how to comment this kind of people?

This post has been edited by SGKSY: Sep 29 2011, 02:24 PM
SGKSY
post Sep 29 2011, 02:34 PM

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QUOTE(basSist @ Sep 29 2011, 02:28 PM)
some ppl just don't know what is READY STOCK vs PRE-ORDER. Calm down ~ smile.gif
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i angry because i aware one of them is reseller in this forum too. they want me sell cheap to them, then they sell expensive to other, i can't accept this.

somemore, i need to take bus to kl loh, come and back 11 hrs. i think they think their money is bigger than roda kereta lembu ,haha

This post has been edited by SGKSY: Sep 29 2011, 02:36 PM
SGKSY
post Sep 29 2011, 02:45 PM

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QUOTE(basSist @ Sep 29 2011, 02:41 PM)
haha are you referring you, me and kei kun?  biggrin.gif  rclxms.gif
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you three are best buyer hehe. Actually, i I told them if they can come jb, i sell them at 171. But they want 172 in kl. Paying me 30 more to go kl ? Buying bus ticket also not enough lah. They sell other and do postage can earn 25% profit , but i go kl and only earn 10 percent. Too over liao .....
SGKSY
post Sep 29 2011, 04:01 PM

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QUOTE(magpie9 @ Sep 29 2011, 03:51 PM)
As a buyer, i buy at the price that I think is reasonable ... no point to compare then condemn ppl's price ...

you just make your life miserable by doing so ..  rclxub.gif

Buy with confidence, do not fear when price drop .... look at it as an opportunity smile.gif

silver is for long term investment right? why get panic and start to sell when price drop ?  hmm.gif
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Selling cheap doesn't mean i am panic to sell, just to sell fast. i just want to shift my silver investment from this type to another type of products. I think they have same thought as you that i am panic to sell, then try to put pressure on me to lower down my price. But they are wrong......


Added on September 29, 2011, 4:19 pm
QUOTE(razman2050 @ Sep 29 2011, 03:13 PM)
don't worry bro. concentrate ur time and energy on things that make u happy.
just ignore these people.

at the end of the day, it's willing buyer and willing seller.

good luck luck with ur sale.
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i know. i upset because he said he almost confirmed to buy from me, just need to find one more ppl to group buy from me. I rejected many pm and said item sold. After that, they told me they don't want buy anymore. Now, i have to tell ppl the item is still available. But i think those rejected by me will never come back. They just said sorry to me, but i need to say sorry to many ppl.....

I think they do it purposely to spoil my reputation....cos i hurt their profit........The world is dark......

This post has been edited by SGKSY: Sep 29 2011, 04:19 PM
SGKSY
post Sep 29 2011, 04:48 PM

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QUOTE(chef @ Sep 29 2011, 04:28 PM)
Actually this is business lah, it's normal for buyer to ask for lower price, so they can sell at better margin to their customer. I also push my supplier for more discount, then turn around, my buyer also ask me for discount. EVERYONE in this forum is looking for low price item to buy, I've never heard anyone ask "anyone selling expensive MAPLES? higher than market price!! I want to buy"

This is business world, you must be able to take bargaining both from customer and seller. How many people in this forum will not ask for discount? I promise you 99% will ask for lower price.

You're upset with this 2 fellow, now nobody dare to ask you for discount and next time, you won't be able to sell because you rant about them in the open. As a dealer, have to be graceful about it, willing buyer willing seller.

chef

PS I'm not defending whoever they are, I'm just speaking as a customer and I Always ask for more discount, ask GOLDCHAN! smile.gif he is most gracious.
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whoever had bought something from me, they know i give good discount. My price is competitive enough, so i don't scare ppl not buy from me anymore. Ppl know the reasonable price of the item. They agreed with the price first and then decided to group buy. Then don't want to buy just because of my price is too "expensive" If they are collector, i can understand, but i aware one or all of them is reseller, that's why i so angry.

Thank for your comment regarding my experience. However, before giving your comment, i think you should put yourself in other shoes. Thank you.
SGKSY
post Sep 29 2011, 05:13 PM

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QUOTE(chef @ Sep 29 2011, 05:03 PM)
o.k o.k... cool o.k...

I didn't mean it that way. Anyway, people backed out of my deal too, more than 6 times in the last 3 weeks, and some are quite big, but what to do? getting upset just shorten our life span. I am in the "other people shoe" both as buyer and seller.

Put the item up for sale again. smile.gif

chef
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we should exchange information, then next time , we must avoid to deal with them, announce their name if necessary. hehe.

I feel better now.




There are still many serious buyers make offer to buy 1 or 2 pc from me just now. Sorry to them as I said I will only sell if all 30 pcs are locked.
The best way to buy from me is group buy. I am sure my price is the cheapest in malaysia among the sellers "with ready stock" Even bar, i can sell at 120 per oz, but i got only
10 oz bar. Next time, i am preparing to sell 1oz bar. The price can as low as RM120 for current spot rate if you purchase 10 bar and above and able to come JB.

If you think 120 is "expensive", then find other seller who can sell you cheaper.....

This post has been edited by SGKSY: Sep 29 2011, 05:16 PM
SGKSY
post Sep 29 2011, 08:18 PM

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QUOTE(AskDS @ Sep 29 2011, 08:12 PM)
I went back a few pages to see what stocks you got but couldn't get much so I thought I check here.

I will be in Singapore next Monday and Tuesday. If you have some lose silver coins, maybe we can meet somewhere central and potentially do COD there. I thought this might be a good time to collect some (but not in bulk yet). PM me your offer please.

Cheers
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ASKDS, thank for your interest , but, sorry, i not intend to sell loose piece. The only item available for sale now is 30pcs 2011 panda.
SGKSY
post Sep 29 2011, 08:33 PM

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QUOTE(chef @ Sep 29 2011, 08:31 PM)
I agree, but I'm no expert since I only started silver stacking 3 months back. But I see it testing USD 26 and maybe false break into USD 25. frighten all the people out of the market, go back up above USD 26 and hover around there. End of my story.

How it is going from there, must see the RSI and other indicators, I think the news from the US will have quite an effect, even if they are just excuses to push the price up. We already seeing the USD dropping against other currency slowly, and silver is actually VERY OVER SOLD.

My suggestion, if you still have RM 100 as savings (just a ratio of what you have) spend RM 40 now on silver, wait for it to drop to USD 26, then the next RM 30, and finally if it still go lower to USD 22, use the last RM 30. forget about silver after that until next year. smile.gif

chef

My 2oz worth, any other prediction? please feel free to speak, there's no right or wrong, if we are MASTER, we will be Billionaire already.
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i predict it can go below 20 before the price go higher. i guess only , not based on TA.
SGKSY
post Sep 30 2011, 01:52 PM

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hope the silver price can go down below 30 and stay there for few months. Many coins will become cheaper, 1 oz dragon. Gainesville Coins still don't want to reduce the price, i think they expect market might rebound soon. If the price stay below 30 for few months, the price 99 usd is not sustainable.
SGKSY
post Sep 30 2011, 02:00 PM

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My guess is USD 32-32.5. Go down and go up, ww also don't mind. Cos we are holding physical silver !
SGKSY
post Sep 30 2011, 02:40 PM

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I don't really worry about sell back. If silver is really becoming rare soon, why we want to sell our silver? Sell for fiat money ? If silver still have potential to go 400-500% from 30 USD to USD 150, Then i don't mind selling at 140 USD. Many people will buy from me.

So my thought is , if you really consider silver as "money", then why scare nobody buy from you ? Price does matter. Be a real investor instead of speculator, man ! Buy in every dip ! Average down your cost, you will be rewarded in the future.
SGKSY
post Sep 30 2011, 06:33 PM

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QUOTE(basSist @ Sep 30 2011, 05:46 PM)
i predict 33.00!

but i am not in KL, can poslaju teh tarik for me? haha
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wow, you very bullish, ask them send you via DHL or UPS lah, Pos Laju too slow. haha
SGKSY
post Sep 30 2011, 06:37 PM

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QUOTE(JonYeap @ Sep 30 2011, 05:48 PM)
i am planning to start investing in gold or silver. almost bought some last week but delayed. lucky me coz the price dropped. i am still finding the right timing to enter as now many speculation saying it will go down. but no one is sure... so either enter now or wait another day. haha
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nobody can time the bottom. Just plan and buy in every dip to average down your cost. If the price doesn't go down and shot up instead, you won't never buy it.


Added on September 30, 2011, 6:45 pm
QUOTE(chunyen2020 @ Sep 29 2011, 11:10 PM)
Ok la. Let's have a small contest with tomorrow closing price. One teh tarik. Luls.. tongue.gif
Whoever can guess/predict the price which has the smallest difference with the closing price, I treat him/her Teh Tarik and one roti kosong.  tongue.gif
You guys have my word. flex.gif

T&C
1. One people entitled for one guess/predict price, price that is speculated after 30th Sept 8PM (M'sia time) is not counted.
2. Only can belanja you la if I get the chance to meet up with the winner.  rclxm9.gif


Added on September 29, 2011, 11:11 pmI will not hesitate to report if this continues on after my this reply.
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Chunyen, not many people join your contest leh, How about like this, whoever can predict the price EXACTLY, (refer to saturday morning closing price of this website http://silverprice.org/), I sponsor one ASE 2011 with airtite for the prize.

This post has been edited by SGKSY: Sep 30 2011, 06:45 PM
SGKSY
post Sep 30 2011, 06:58 PM

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QUOTE(chef @ Sep 30 2011, 06:53 PM)
Sure, I'll send you the whole 20 sachet bag, I've done that before for my china engineer, no problem. (What are you doing there anyway?)

anyway, someone sponsor a American silver eagle, but he didn't spell it out, so I better do it for him so he have to take it out as prize.

SO EVERYBODY, SGKSY is sponsoring a real pure 999 silver AMERICAN SILVER EAGLE with AIR TITE as the prize for guessing the closing price tonight. Just HAM TUM a price and someone sure bound to get the price!!

(wah now got real money involve hor, must put accurate price, not wishful price)
I guess closing at USD 29.86

chef
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Haha, i had stated the term already, must be exactly the same. If someone is lucky enough, i will keep my promise. But must come jb lah, if want to post via pos laju,also can ,winner pay the posatge. Everyone is welcome to join this contest.


Added on September 30, 2011, 7:01 pm
QUOTE(SGKSY @ Sep 30 2011, 06:58 PM)
Haha, i had stated the term already, must be exactly the same. If someone is lucky enough, i will keep my promise. But must come jb lah, if want to post via pos laju,also can ,winner pay the posatge. Everyone is welcome to join this contest.
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The deadline for my prize is 9.00pm today. For chueyen one, any changes should be made by him.

This post has been edited by SGKSY: Sep 30 2011, 07:01 PM
SGKSY
post Sep 30 2011, 07:04 PM

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QUOTE(chunyen2020 @ Sep 30 2011, 07:02 PM)
Exact price hard to guess la =_=
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haha, actually not . the value of my prize is 100 times higher than teh tarik, but the difficulty is less than that.
SGKSY
post Sep 30 2011, 07:29 PM

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QUOTE(bigwolf @ Sep 30 2011, 07:28 PM)
drool.gif

26.82
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I hope you could win the prize, hehe. that means , i can buy cheap silver too.
SGKSY
post Sep 30 2011, 08:06 PM

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ignored this floor


Added on September 30, 2011, 8:10 pm
QUOTE(8181 @ Sep 30 2011, 08:03 PM)
Nesat was here for a day, I've been here for almost 3 years.

Ok here is the list
chunyen2020
T&C
1. One people entitled for one guess/predict price, price that is speculated after 30th Sept 8PM (M'sia time) is not counted.
2. One Teh Tarik, meet up only

SGKSY
T&C
1. Predict the exact price (refer to saturday morning closing price of this website http://silverprice.org )
2. One ASE 2011 with airtite for the prize.

basSist: 33.00
Chef: 29.86
magpie9: 31.30
SGKSY: 32.5
keii-kun: 29.00
spikyz: 30.50
8181: 30.57
property101: 30.23
bigwolf: 26.82
chunyen2020: 27.03
mingophoria: 30.23
cruzzie73: 30.18
IRIS PROJECT: 30.31
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Please take note that the deadline is 9.00pm today. Please reply this post and make your guess in the list to easier for us to see.

This post has been edited by SGKSY: Sep 30 2011, 08:10 PM
SGKSY
post Sep 30 2011, 08:15 PM

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QUOTE(8181 @ Sep 30 2011, 08:12 PM)
Haha sponsor has to reply, his prize his rules. LoL
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I am ok lah, but unfair to those who made the guess earlier, if can, please don't change lah.

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