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 how to invest silver in malaysia

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SGKSY
post Sep 9 2011, 12:12 AM

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hi, i am selling my ASE one by one at ebay, please support me.
The current price is RM165 per coin. Please read the T&C carefully before bidding.

http://cgi.ebay.com.my/ws/eBayISAPI.dll?Vi...em=260850469470


Added on September 9, 2011, 12:27 am
QUOTE(Nidz @ Sep 9 2011, 12:04 AM)
but panda is quite nice also...
will try to get 1 tube for 2012 edition. icon_idea.gif
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panda comes in a tray of 30 coins lah, not tube.

This post has been edited by SGKSY: Sep 9 2011, 12:27 AM
SGKSY
post Sep 9 2011, 12:09 PM

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QUOTE(basSist @ Sep 9 2011, 11:35 AM)
got 1oz lunar dragon?

Please PM me the price and other details  blush.gif  thank you  rclxm9.gif
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i got my 30 pcs 1oz at RM320 per oz. I think it is not worth to buy at this moment.

i think the price will settle down when the large distributor in US and Europe start selling their stock. I say so cos i never see large distributor in US and Europe selling their 1oz coin. I guess you guys can get at below RM200 if you are willing to wait.

But all 1oz might have already been sold out. That means can only buy from secondary market, like ebay.
SGKSY
post Sep 9 2011, 12:31 PM

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QUOTE(Nidz @ Sep 9 2011, 12:17 PM)
1oz dragon already got with u?? u one lucky fella! notworthy.gif
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No, still in the hand of my friends.
i dont think i am lucky after i bought. i think the price will be cheaper few months later. it is not reasonable to buy a bullion coin for so high premium, 150 premium over spot rate.


Added on September 9, 2011, 12:32 pm
QUOTE(prophetjul @ Sep 9 2011, 12:16 PM)
Lucky dude......... thats AUD100 per piece

i am still waiting for my shipment. Looks like the ebay seller may be screwing me since
the price is pretty good for me......... he will get a nasty feedback is he screws me plus
i will complain to Perth mint as he is one of their dealers.......    mad.gif
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that one called pxxxx, buxxxxn ? how much you bid ?


Added on September 9, 2011, 12:36 pmhi, can anyone tell me anything to aware if someone with 0 feedback buying my item at ebay?

This post has been edited by SGKSY: Sep 9 2011, 12:36 PM
SGKSY
post Sep 9 2011, 12:55 PM

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QUOTE(prophetjul @ Sep 9 2011, 12:40 PM)
Yessss

Have you had trouble with him before?

10 oz - $500
5 0z- $255
2 0z- $103
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never, but i know he is selling.

IN AUD ? the price is quite reasonable.
SGKSY
post Sep 9 2011, 02:13 PM

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QUOTE(prophetjul @ Sep 9 2011, 01:56 PM)
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
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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.
SGKSY
post Sep 9 2011, 02:27 PM

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QUOTE(prophetjul @ Sep 9 2011, 02:21 PM)
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
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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.
SGKSY
post Sep 9 2011, 02:43 PM

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QUOTE(prophetjul @ Sep 9 2011, 02:33 PM)
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.
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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.
SGKSY
post Sep 9 2011, 03:01 PM

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QUOTE(prophetjul @ Sep 9 2011, 02:51 PM)
At least its on record...i may even pay him a visit in Perth  nod.gif
Take a court case agianst him.........
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lol ,so serious , they don't sell you coin only. no need to waste time and money.

10oz still easy to get lah, 5oz, 2oz, if you can wait ,still can get it when it resume pre-order.
SGKSY
post Sep 9 2011, 03:37 PM

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QUOTE(spikyz @ Sep 9 2011, 03:19 PM)
after all d hype is down. and they need more money. i bet they will mint back the 2oz.

however 1oz..still nowhere to be found..damn =(
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can find it at taiwan. if you got money , can even buy one box of 100 coins. i bought 30 coins , at rm320 per coin. It is just too expensive, a bit regret now, haha.

wait few more months, you will get one cheaper. I just realised it is a hype after i bough, sienz

SGKSY
post Sep 9 2011, 08:17 PM

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QUOTE(keii-kun @ Sep 9 2011, 08:11 PM)
i think you can wait first for the lunar dragon market to cool down.

SGKSY,
rm320 for 1oz is wayy to priceyy.....and i think the best time to cash in on that is now........


Added on September 9, 2011, 8:17 pmoh goldchan is selling 20x1oz pan am @ rm150 each...nice price

i'm looking to trade 2oz lunar dragon 2012 with 2oz lunar rabbit 2011.
pm me if you have one extra
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not intend to let them go. will keep it for long term. haha.
SGKSY
post Sep 9 2011, 09:54 PM

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QUOTE(technotrading @ Sep 9 2011, 09:04 PM)
limited mintage bro, that's why the price is  doh.gif
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I thought he thought it is cheap ? haha
SGKSY
post Sep 11 2011, 11:04 PM

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QUOTE(keii-kun @ Sep 11 2011, 10:54 PM)
bro, what coins are you planning to buy? is it cheap so much rather than buying locally?
are you planning to bet your luck on the 15% custom tax? (i know can lepas if just 1oz brows.gif).

chef is in jb also rite? can get from him lah.....
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if buy only one , i think no much difference, if buy one tube or more.....can be up to 10% cheaper if buy from investors.
SGKSY
post Sep 11 2011, 11:44 PM

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QUOTE(chef @ Sep 11 2011, 11:21 PM)
Yup, true,

Hey bassist, SGSKY also based in JB, I think he has got whole tubes of coins, so he can sell at quite a good price also. For me, I have many different types, and occasionally, exchange a few coins here and there. so far I had exchanged/buy/sell coins with the a few of these great guys here :

Goldchan
1cheapsilver
arrsoo
bigwolf
cruzzie73

and some other here and there, sorry forgive me if I forget your user id. we should meet up sometime in JB and visit some coin shop (dunno if there is any) and swap coins or sell some. smile.gif

I think william is based in JB too, but just never get to meet him or talk to him over the phone, I'll catch him one of these days  icon_rolleyes.gif

chef

PS feel free to PM me for 1oz or 2oz purchase.
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you organise a gathering loh. see whether most of us can meet it or not, haha.
SGKSY
post Sep 12 2011, 09:28 PM

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QUOTE(chef @ Sep 12 2011, 07:51 PM)
I'll tell you what goldchan will say,

go to the source and buy bulk, bring it back and sell to poor guys like us. smile.gif then we all benefit as long as you sell not too expensive. Of course the down side is, the shipment delay can cost you a lot if you order at high price and the market price keeps dropping, by the time you get your shipment, it's 20% below your cost price.

But I am guessing you have the holding power to purchase kilos and store at home... smile.gif just guessing lah..

chef


Added on September 12, 2011, 7:56 pm

Too bad I can't meet up, but I'm sure both of you meeting at kluang and it's too far for me.

Anyway, I think gold and silver is too huge to be manipulated, but then again, people like warren buffet (dunno how to spell his name) are so filthy rich, he goes in, price jumps like crazy, he liquidate, price drop like crazy. If he gather a few friends to buy, he will be building his house with gold bricks.

So yeah, it's possible, but I think the real big time trader gang up using some kind of trading system to fool people like us into liquidating our position (like what silver is doing now, acting as if it is going down... then suddenly surge upwards) or the other way round.... sigh..

Any of you guys know who is always guessing the market wrongly? I would like to know him, and always buy against his prediction.  biggrin.gif

chef
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you are wrong. silver market is not huge. it is very easy to be manipulated. Most of the warren buffet's business is finance related, do you think he will buy silver like hunt brothers did in 1970s? Rise in silver and gold will ruin the banksters......
SGKSY
post Sep 12 2011, 10:10 PM

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QUOTE(chunyen2020 @ Sep 12 2011, 09:46 PM)
Please enlighten us on the matter of silver market is easy to be manipulated. biggrin.gif
If possible, provide statistical data or prove.
Anyway, it's just an extra info for guys who don't know.
Few years ago, Warren Buffet sold out all his silver around at the price of USD 3X and declared that he does not hold anymore silver.
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if i not wrong, he bought at less than 10 usd and sold at below usd15. can't rmb the exact price. he sold too early
SGKSY
post Sep 13 2011, 02:40 PM

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QUOTE(GoldChan @ Sep 13 2011, 11:22 AM)
I not rich lah. I drive old car, live in rented house. Silver business is the only thing I got.
I wasted too much time on other stuff. This silver thing must big hit, or else i died lah.
No stock, no big car etc. where got room made of silver.
BTW, your car easily worth 1000 oz of silver ler.
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wow, chef is big tow kay !
SGKSY
post Sep 13 2011, 11:15 PM

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QUOTE(donkeydoink @ Sep 13 2011, 11:05 PM)
thanks guys..
I am still quite new, and planning to get a few oz of silver of a start.

which is more liquid, bar or coin?
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i think mostly depend on your re sell target ler. I found that malay like the maple,koala the most. Chinese like ASE, panda. But i could be wrong, haha.

buy 1oz bar, easy to sell. Public gold silver also easy to sell.

just my opinion.


Added on September 13, 2011, 11:16 pm
QUOTE(donkeydoink @ Sep 13 2011, 11:14 PM)
IC, if buying more expensive could also sell more expensive than I dont mind haha
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i found that past year ase are cheaper than the current year. don't know why. the price should be the same. If you are looking for higher "papar return" in holding physical, i think panda is the best choice. The older the year, the more expensive the coin is as the mintage is low as compared to ase, maple. But this may not be the indicative of future performance since the mintage keep increasing ,2012 expect to reach at least 10m......

This post has been edited by SGKSY: Sep 13 2011, 11:30 PM
SGKSY
post Sep 15 2011, 11:26 AM

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QUOTE(smokymcpot @ Sep 15 2011, 11:13 AM)
Planning to order a 1989 and 1990 chinese silver panda. Do you think it would fit the market here in malaysia?
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these are for collectors , not investors. Only those who wants to collect whole series will buy from you. If they are interested, they will compare the price. if your price is much more expensive than others ,they sure buy from you lah.

Actually, i do have source to buy China Panda from china. but i don't think it will be easily sold. For example, 1pc of 2003 cost 1250cny. Not many people will buy a panda at rm700(plus some profit).

Try to import some cheap recent year panda, like 2010,2007, i think ppl will most likely interested.
SGKSY
post Sep 15 2011, 12:12 PM

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QUOTE(8181 @ Sep 15 2011, 12:04 PM)
I'm heading over to Singapore next week, gonna see if I can get some 2012 lunar dragons from the locals there, at a reasonable price biggrin.gif

Updated: 2 oz 2012 silver Lunar Dragon for rm450.  cry.gif
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you can not find any lunar dragon in singapore now. even 10oz, 1kg all sold out.

Unless you are willing to pay SGD228 for 1oz or SGD180 for 2oz.

I think buy 2oz in malaysia will be cheaper...

SGKSY
post Sep 15 2011, 12:51 PM

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QUOTE(pure999silver @ Sep 15 2011, 12:37 PM)
Hi guys and good day to all investors here. It actually took me 3 days to read through all 93 pages of this thread and I'm pretty amazed by the information I got and the awareness of investing silver here in malaysia. Anyway I'm from Penang,residing in JB, working in Singapore for 15 years now. I had been stocking up silver bullion .999 coins and bars for past few years, though am not a fan of numismatics coins or rare coins for collections. Reasons is ,what you really want to accumulate is the amount of oz for future investment and to hedge against inflation. In the long run I would have more oz than you have with the same amount of money spend. And is the oz that matters when come dollar collapsed, end of monetary system which will come through one day. What really matters is the .999 grade and amount of oz you have in hand. No offends to those numismatic collectors, hobbyist here though you will argue that you are killing 2 birds in one stone! Haha, anyway let's laugh together when silver one day reaches to 4 figure per oz.. and be more precious than gold one day. Remember diamonds are so rare and expensive, now it's worthless and just for jewelry uses. Do you want to buy a diamond and keep it for it's value. Nah... 

Anyway I saw someone ask about opening a silver account in UOB, well you can only open in Singapore for UOB silver saving account. I remember years back I went to UOB Singapore and enquire about it. Well for those who want to open one, I would suggest you to forget about it, here's why, minimum investment is 10 oz per transaction base on spot price. That's fine, but the problem is they are charging you 0.2 oz PER MONTH for claiming that they store the "physical silver"for you! That mean the bank will rob you of 2.4 oz of silver in one year without using a gun and while you are sleeping ! And by the 4th year they had manage to rob all of your silver!  Haha , on top of that there's 7% gst on the amount they charge you per year. And when you want to withdraw it you can't withdraw the physical silver but only in SG fiat dollar.So guys just go get your physical silver and put it under your bed and sleep with it, that would be wiser. 

I have plans to setup a website dealing with silver bullion and providing a means for our fellow Malaysian to at least own some silver for protecting your wealth in the future and generation to come.I'm still sourcing out with distributor to get the cheapest silver to bring into Malaysia. Though the razor thin profit for being a trader of silver and the risk they carry due to volatility , what matters most is creating the awareness,educate everyone and giving out this greatest opportunity on our lifetime in silver investing to everyone is the key that drives me.. So, no matter where and who you brought from please thank them that they are giving you an opportunity to own physical silver and you will thank when the day come .... And we will all laugh together ! 

Latest news from my friend a silver small time trader that there is a lot of fake panda coins and american eagle surfacing lately. Please also stay out from 100oz bar like engelhard. Just try not to get 100oz bar for safety reason...you will never know what inside. It doesn't matter which source you get them it's the mint company that matter..I somehow have doubt on publicgold bars..there are not worldwide recognize though they claim their products had been assay by independent.. Say if I would migrate to England one day and want to convert my silver to fiat, would the silver trader there accept my bars, they may but you need to spend some money getting assay from their country assay office. I hope you get what I mean,as you know this is boleh land ...never buy generic bars silver or gold I would say...just my opinion....

Safest is Canadian,perth,sunshine,scottsdale,autrian,pamp Swiss...or Singapore mint gold ! 

Adios guy... And happy investing and take care!
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Agreed all your points, but the selling silver is thin profit business. If you have capital and set up a website like singapore silverbullion, i think you profit is at least 10 percent for coins. If your source your bar directly from the manufacturer, i think you profit can be greater than 20%. If it is a thin profit business, you won't come out a plan to sell silver in Malaysia. Price volatility? If you offer ready stock, buy and sell to ppl. then maybe. If you are planing to collect money from buyer first and do the pre-order for them, then your profit is guaranteed. No risks!

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