at least it is not paper silver. If the price crash, you still can use the physical silver as door stopper.

today silver's price keep decreasing...

GoldChan, i offering you RM125 per oz. deal?
Most probably Silver will drop for the whole May.
my target USD37, 2nd, USD31,
Last TARGET- USD27..

BEST WISHES! xD

NOW IS THE TIME TO BUY SILVER!!! HAHAHAHAHAHHA

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Added on May 5, 2011, 8:11 pmhow much stock you got?

This post has been edited by happy4ever: May 5 2011, 08:11 PM

hmm goldchan any silver stock you have? wanted to get some from you. quote me the price too.

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Added on May 5, 2011, 8:25 pmhmm goldchan any silver stock you have? wanted to get some from you. quote me the price too.

This post has been edited by `arthas: May 5 2011, 08:25 PM

last time i ask a durian seller for a discount. He shouted at me,
"Tanam Sendiri lah".

I think you lombong sendiri lah. Then maybe U can get at RM100/oz

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Added on May 5, 2011, 10:34 pmPM me or email me at wkchan1991@gmail.com with the quantity U 1.

This post has been edited by GoldChan: May 5 2011, 10:34 PM

Now is USD34.65/oz

Just wondering IF...., silver drop to USD21-17 per oz. which a lot people will shout here, Impossible! Horrible! Touch Wood! Some take silver as their door-stopper! haha!

Stay Cool! I suggest that you take a vacation trip or collect farm now while silver going to make consolidation for weeks and months to come.
Indeed, all we need is TIME! and so as Silver too.. This month of MAY isn't is the best time to invest in Silver.
(aggressive buyer might face consolidation if execute now)
Do Not Panic! This is the natural of investment/trading world, but try not to miss another ride on silver train after few month later!

BEST WISHES!

This post has been edited by benedict1213: May 6 2011, 08:57 AM

Even when the market is down there is opportunity for future growth.
No vacation lah got to work.
Personally, I don;t think it can last for months.

Silver due for a rebound soon....don't don't let that rebound kid you, we still have some ways to go before the bottom. I reckon GS ratio of 50 or more before the smoke clears.

This post has been edited by eXTaTine: May 6 2011, 01:05 PM

Just bought silver from Goldchan yesterday. My 1st try to invest in precious metal of silver.

hi Jutawan, how much she sell?

COMEX is increasing their margin requirements, which makes silver contracts unattractive at this moment because of the increased cost for holding and leveraging silvers.

At the same time, large institutions are liquidating their silver to lock in their gains (soros anyone?)... and this caused panic sellings from average investors.

how long would it fall before bargain hunters come flying in? no one knows. there are rumors it could go down to $27.

who knows, we could see a straight down line again like what happened on last monday, or you can lock in your purchase before today ends and hope for a upward line next monday.

whoever went into silver last week would be having a heart attack based on what happened this week. from $49 down to $34. 30% drop in 5 days.

in my opinion, the fair "market price" for silver bars at the current spot ($34.51) would be RM 125-128 / oz and silver coins RM 132-135.

anyone willing to sell at this price?

btw, i am planning to buy silver bars from an oversea supplier. anyone here want to consolidate purchase and share the shipping cost? pm me so we can discuss.

Happy Stacking!

hi edthered,

You got the same view with me. GoldChan selling Silver bars. I ever offered him RM125 per oz. but he asked me to dig it myself. LOL..!
Anyways, you can pm her.

You order 100 oz pre-order with gold collateral can give U a good price lah. ok.

Buying silver now is absolutely out of your mind like trying to catch a falling knive. The daily chart of uptrend now become downtrend already. You're better off sell the rally of it. Even you want to buy, atleast wait until tonight US NFP news release first only decide. Wait until you see a daily close higher than it's open. If USD is strengthen again from that report, you can pretty much see it fall til $31.25/$28.13. By then, the big boys financial institution will step in and defend that price.

Anyway, it's your money your call. If you don't have a clue what i'm talking about, you are pretty much belong to the 95% of the losing investor. Invest by just holding and dont know how to exit when the price tells you in front of your chart is just suicide mission to me.

This post has been edited by FxPlayboy: May 6 2011, 07:54 PM


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in my opinion, if you want to make money in silver short terms, don't go physical. yeah i know, everyone will be telling you to go physical and no paper silver.

but the problem with physical silver in the short term is, you can't liquidate it fast enuf. with paper silver, you can convert it back to money much faster. buy it low today, and if it shoots up in the next few days, liquidate ur paper silver and lock in the gains. but problem is, there isn't any paper silver in malaysia and for paper gold, the spread is too wide.

benedict1213 ... i understand how you feel. when the price of silver was rising a few months back, all the seller will be changing their price upwards by the minutes, saying cost is high, price is high, silver is in bull ... but when silver is tumbling down now, they give you another reasons.

anyway, i am not looking for sellers, they have their ways of getting their stocks. i just plan to get some silver from company oversea and see if there's any buyer or investor who are willing to pool in and share the shipping cost. on average, it is still cheaper than most sellers is selling in malaysia, including tax.

Hai all the experience investors out there,

After reading all the posts in the topis, I have some questions regard to sliver investment.

1) Since there is so many types of sliver out there, which one is the most liquid and reliable one?

2) In malaysia, where and how should we buy physical sliver (reliable source).

3)As i knw, sliver dont come with certificate, how do u guys knw the sliver u get is not a fake one?

I knw that there are some posts answered some of the questions, but there are some confusion since some posts are debating....

thanks is advance if anyone answer my questions....

first thing you need to ask yourself, why would you want to invest in silver?

1. how liquid is silver depends on how fast you can find a buyer. paper silver is liquid because you can always sell it back to bank at anytime. unless if the bank go kaput. physical silver is the safest since you hold it, but, if you have alot, where do you store it safely? so, pros and cons.

2. there are a number of sellers in malaysia, public gold, ebay, forumers, etc. but generally silver in malaysia are sold at a pretty high premium. but some sellers might sell it to you at a reasonable premium, just shop around. or just hope the correction continues for longer.

3. silver are just like gold. some comes with certs, some dont. those that comes with certs are even more expensive. usually only collectors go for silver with certs. investors just focus on buying silver with the lowest premium possible.

how do you know the silver is fake or not? you don't. unless you are willing to cut up each of you silver bar and get it to be assayed. which makes no sense. you can try all those fake test techniques but in the end, you never know for sure. the best you can do, find a trusted seller.

which is why, in my opinion, i try to buy from company that has at least some credibility. usually overseas or buy straight from the mint itself. it's not that i don't trust individual sellers like ebay-ers, forumers (i did buy some from them), but the problem is, i do not know where they get their silvers. they might not even know if it's fake to begin with. it's the same like buying cigarettes from a kedai runcit, the chances of it being fake is higher than compared to if you buy it from 7-11. there might still be fakes ciggies in 7-11 but less likely. so in the end, buy from someone you trust.

there are risks also when buying from overseas company, you might still get fake but the risk is lower since they are already in business for decades and people worldwide are buying from them and they usually disclose their sources (usually they distribute for mints). there is also the paying up-front part and the waiting period for the shipment. usually weeks.

compared to buying locally from individual, you get it within days, or immediately if you cod.

so in the end, it's all up to what you prefer. buy oversea, pay up-front and wait a few weeks BUT less risk on fakes and cheaper. OR buy locally and get your silver immediately but with a higher premium and you have to trust your seller.

You can get paper Silver in Singapore. Just make a trip down south