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 how to invest silver in malaysia

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prophetjul
post Sep 9 2011, 01:56 PM

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QUOTE(SGKSY @ Sep 9 2011, 12:55 PM)
never, but i know he is selling.

IN AUD ? the price is quite reasonable.
*
No.

Thats in USD.......maybe thats why he maybe regnading on the sales.... mad.gif
He gave me a tracking number which indicates no parcel!
He has not answered my 3 messssages to him!
i dont think its good........but i am gonna make life HELL for him. nod.gif


__________________________________________________________________

Lookie here

3 coin 2012 dragon proof set wink.gif

http://www.ebay.com.au/itm/2012-Dragon-Sil...=item2eb7bab09b
prophetjul
post Sep 9 2011, 02:21 PM

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QUOTE(SGKSY @ Sep 9 2011, 02:13 PM)
I bought previous 4 coins of perth mint lunar series 2, the price is USD279.9, not cheap, seller also no reply after i made the payment leh, haha. he got 2xxx 100% positive feedback.
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Hes listed as Perth Mints dealer.

So not only will he get a bad feedback, infcat 4 negative feedbacks since i bought 4 items
from him at ebay, he will also be complained to Perth mint for his dishonorable antics as
a dealer. nod.gif
prophetjul
post Sep 9 2011, 02:33 PM

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QUOTE(SGKSY @ Sep 9 2011, 02:27 PM)
from what i read from internet, the 1oz quota allocated to australian coin dealer is extremely low. cos 80-90 of perth mint revenue are from overseas, so they also allocated 80-90% of 1oz to oversea dealer. 101USD for 2oz is mint selling price. this price is considered cheap as the demand is so huge. I wont be surprised if he didn't ship you. he is so well known in ebay. 1 or 2 negative feedback is not a big damage to his reputation, haha.
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Yes....especially the 2 oz........

i am not surprised he will regnade on the sales...

But be that as it may, i will complain him to Perth mint.

prophetjul
post Sep 9 2011, 02:51 PM

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QUOTE(SGKSY @ Sep 9 2011, 02:43 PM)
it is just waste time. Just like you complain custom officer to customer for damaging you parcel. they will never give you the outcome you want.
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At least its on record...i may even pay him a visit in Perth nod.gif
Take a court case agianst him.........
prophetjul
post Sep 9 2011, 11:00 PM

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QUOTE(chef @ Sep 9 2011, 04:12 PM)
Hey, don't be too worried,

Aussie ship out the goods slowly, and their tracking number using the pos laju will not appear until the item reach malaysia and maybe even your house, then it will appear on the website. You must have patient.

Aussie don't like asian lah, especially we want things fast and we always hurry them, but we give them a lot of business, so they very upset but still must do business with us.

So give them about 3 weeks, they are using the cheap post so it will take some time to appear.

chef
He supposed to use Express Auspost.....thats usually pretty fast.
Atleast the tracking ref should be up. Its already 5 days since he claims hes shipped.

When Perth mint used it, it was like a week to reach.


Added on September 9, 2011, 11:01 pmMy main grouse is actually he doest not respond to my messages!

This post has been edited by prophetjul: Sep 9 2011, 11:01 PM
prophetjul
post Sep 12 2011, 08:26 AM

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Find it exceedingly intersting that the price of the 2012 perth mint silver dragon is overtaking that of the yr 2000 silver dragon while the mintage for the Yr2000 is only 118,697 whereas that of Yr2012 is 300,000! rclxub.gif
prophetjul
post Sep 15 2011, 10:40 AM

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Just purchase this beauty! biggrin.gif

user posted image
prophetjul
post Sep 15 2011, 11:19 AM

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QUOTE(8181 @ Sep 15 2011, 10:51 AM)
10z I think hahaha 100oz will be freaking big coin.

Btw nice coin you have there, it's sold out everywhere and will only resume minting in October, ah sorry made a mistake yours is 2000, was referring to 2012 lunar dragon.
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Yes
Its yr 2000 10oz Dragon from Perth Mint with mintage of 7926 nos. biggrin.gif

This post has been edited by prophetjul: Sep 15 2011, 11:20 AM
prophetjul
post Sep 16 2011, 09:39 AM

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i can buy silver and i dont need to pay a spread............ smile.gif
prophetjul
post Sep 16 2011, 10:14 AM

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QUOTE(technotrading @ Sep 16 2011, 09:59 AM)
i prefer physical over paper. storage is not really a problem for me. sweat.gif
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There are many here who speak of gold accounts and spreads............
prophetjul
post Sep 16 2011, 10:33 AM

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QUOTE(bigwolf @ Sep 16 2011, 10:30 AM)
interesting, how do you do that?  rclxms.gif
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Trade SLV or AGQ.......on the NYSE biggrin.gif
prophetjul
post Sep 16 2011, 11:05 AM

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QUOTE(bigwolf @ Sep 16 2011, 11:02 AM)
ah, a commodity trader  notworthy.gif
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No no.....just trading ETFs.....cheaper than having a gold account with big spreads
prophetjul
post Sep 16 2011, 11:06 AM

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QUOTE(SGKSY @ Sep 16 2011, 10:38 AM)
why the panda is sold at RM210 ? i think the profit margin is quite high. If i order 3 trays 90 coins from US at spot rate usd40, + 15 tax, the average cost is 167-170. The profit margin for selling a panda is nearly 25%? Too greedy....my required margin is only 10-15%. If i have capital to set up a website and sell silver to malaysian, i think most of the sellers in malaysia will disappear.............
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Doubt you can get them at spot...........


Added on September 16, 2011, 11:08 am
QUOTE(SGKSY @ Sep 16 2011, 11:06 AM)
even they keep, they do not disclose lah. Those countries which produce silver can accumulate secretly and no need to tell people.
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If they can reveal their gold holdings, why not silver?


They dont keep silver because of its value.........require too much space.
And silver is never perceived as value keeping, just a commodity

This post has been edited by prophetjul: Sep 16 2011, 11:08 AM
prophetjul
post Sep 16 2011, 11:25 AM

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QUOTE(SGKSY @ Sep 16 2011, 11:12 AM)

if your real intention is to accumulate silver at as much as possible at low price, why tell people you are accumulating? Those big boys in stock market got announce to public what they are buying ? They eat meat, we can only drink soup.
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i am refering to central banks here........
prophetjul
post Sep 16 2011, 12:36 PM

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QUOTE(SGKSY @ Sep 16 2011, 11:33 AM)
same lah, apply to central bank too. Silver is becoming rarer. it will become a strategic asset. Since most of the countries do not store silver, why those store the silver need to disclose. just like , does any countries disclose they are accumulating copper ? no, right? only from the import figure involve trading with other countries you can tell. If they produce themselves and accumulate secretly, you will never know...

No disclosure doesn't mean nothing happens. this is what i mean.


Added on September 16, 2011, 11:48 am

Not sure. But the silver reserve not necessarily to be held by central bank. a country can set up any departments , divisions to handle it. When the time is right, like return to gold standard or silver standard, you will know who is accumulating silver secretly.

So, we can't simply say, no central bank is holding silver as reserve,right ? when the time come, you will know. If China disclose it is accumulating silver today, do you think the silver will still close this week at around 40?
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Central bank is different from the government of the country.
Central bank is to regulate monetary policies ler.

Government is to govern including buying/retaining strategic assets.
CBs are to recommend monetary policies to gov.
Whether silver is a strategic asset i am not sure.

Gold was tied to fiat currencies before. therefore CBs holding gold in their forts are seen to be
honorable.

IMO if countries accumulate silver, its more for its commodity value rather than as backing asset such as gold.
IMO theres a difference between gold and silver in its perception.
In this sense, CBs will not accumulate silver as a backing asset.

prophetjul
post Sep 16 2011, 05:50 PM

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QUOTE(pure999silver @ Sep 16 2011, 05:22 PM)


I would say a private vault like royalsafe should be a better option if you are considering a public safe box. I have a friend who can say a millionaire and the you will be shock on his RM10k alarm system, every corner  and every room has a motion detecter sensor installed, cctv and further more it's a gated and guarded community. I had ask him whether he had a deposit box in the bank and he said to me ; my house is actually a bank and why would I trust those bankers with my monies and gold! 

Happy stacking bro!


Added on September 16, 2011, 5:26 pm

Yes, but you are just buying paper silver and not physical silver, what you don't hold in your hand you don't own it. It's only paper! But am sure you can speculate and make a fast return and that almost equal to going to a casino or entering the share market. Good luck bro!
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i hope yer friend has guards as well..........he may have the most secured safe in his house.
All it takes is a sharp knife to his throat to neutralise the system.......... biggrin.gif

On the issue of paper..i am comparing this to the gold accounts with big spreads that people were
discussing here, not physical.............
prophetjul
post Sep 22 2011, 09:18 AM

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QUOTE(getsmart @ Sep 22 2011, 08:19 AM)
Just to share.
apmex offering 1 coin for each customer for the Perth Mint 1oz 2012 dragon at US$99.99.
Only for customer who bought the lunar series or who used their AlertMe!
Offer ends tomorrow, shipping 4 Oct.

Looks like we will see more dealers starting to sell these hard to find coins soon.
Thanks for the alert

Just placed my order for '

Both silver and gold dragons

and 10 nos. 1/10th gold dragons as well biggrin.gif
prophetjul
post Sep 22 2011, 09:40 AM

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QUOTE(SGKSY @ Sep 22 2011, 09:29 AM)
Gainesvilel coin sell 1oz silver dragon for 115 usd. and it has been SOLD out already !
gold dragon at 350 over premium.

wow, 115usd ! i bought at around 106 usd and i think i am stupid. Now, it proves that i am not, hahahaha


Added on September 22, 2011, 9:33 am
ya lah, but not many of us from buy from AMPEX directly. Unless you average down your cost by buying more from APMEX, else it is not worth to buy 1oz dragon. Maybe can learn from Prophetjul, buy 1 gold and 1 silver , then it is ok. and good investment too. Now , the 2000 1oz gold dragon is selling at 800 usd premium over spot rate.
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The thing with 1 oz silver and gold dragons, they are limited mintages at 300,000 and 30,000 respectively.
So they are no longer just a bullions. They have some numis values.

i have three 2000 gold dragons bought for $1500 each.....they are i think selling at $2200

Some how the 1/10 oz fetches very good returns.
i bought 20 1/10oz of rabbits last year at $142.....now selling at $220
prophetjul
post Sep 26 2011, 08:57 AM

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Interesting vid for silverbugs

http://www.youtube.com/watch?v=Qtp1i-z4AEY&feature=related
prophetjul
post Sep 26 2011, 10:16 AM

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QUOTE(beginner2011 @ Sep 26 2011, 10:11 AM)
What happen to all the local seller? tutup kedai d ? How come mostly out of stock one ? I guess mostly already can't sustain the drop ... those who want to buy loose oz will have big problem then ...

I'm kinda disappointed with 1cheapsilver, i was waiting for this good time to buy bars, manatau the website only selling covers now sad.gif I guess I have to buy from goldchan now ...

Below are the sellers that are still operating and still have stocks:
- silveray.lot.my
- www.silverformalaysia.com
- GoldChan

Below are the sellers that almost out of stock for everything / not operating:
- 1cheapsilver.com
- merlip.lot.my
- stacker.lot.my

I think all of them are badly hit by the huge dip ... I suppose none of them making profit at this time. To find a local seller now is really hard ... Probably have to start pooling up orders and get from overseas d ...
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Thats the problem with silver investment in Msia...players are too small. They are also investors so
easiest thing is close shop when price is low.

BIG shops will require high spreads so its difficult...............

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