hi guys, lets say today I have a 1 oz silver coin and I am planning to sell it.
How do you derive on the selling price?

assuming the price of 1 oz silver is now USD 40, Exchange rate is RM3

what would be the selling price for the coin?

Fgjam all that, wanna help all d gold dealers lo. price is quite expensive. and when i go to habib..it seems can negotiate with the manager. if u lucky can get cheaper price. unfortunately..i realized it still expensive compare to UOB prices

Imagine if one day 20-30% of account holders go to the bank and ask to take delivery of physical, guess how would the banks react.

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.............

new in investing in silver here. is it better to get bullion coins or bars?

I don't know, any expert or moderator here can offer a suggestion? some kind of link whereanyone and everyone can go and update the price and item so they can sell exchange or buy bars or silver...

I will soon be ban if I keep posting thread that is going to be deleted.

chef

anyone has been dealing with 1StopGold recently?

i bought few bars with them for few months consistently but i find it getting hard to deal with them.

first their customer service (the way they talk, follow up, etc) are nothing close to satisfactory.

secondly, their price is not transparent. i calculated their selling price previously (base on current spot price and currency conversion), initially was around 10% - today when i called to buy, it was like 15% - 16% i tried asking them how do they calculate their selling price but their standard answers are either "we have our own international spot price" or "sorry we dont disclose how we calculate".

i'm seriously considering not to deal with them in the future.

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Added on September 23, 2011, 3:02 pm
i would love to deal with such seller too. if the seller is transparent enough with his price on how he come out with his selling price (of course included an acceptable profit margin for himself)

selling price = (usd spot price x currency conversion) + seller own transaction cost +  a fixed profit margin

where spot price and currency should follow a live source where the public have access to

the purpose is for transparency so that the buyer would know what deal are they getting into

mysmartgold are selling hong kong (no cert) and indonesia (with cert) silver bar now because Pamp Suisse is always out of stock.

what do u think about their hong kong and indonesia silver bar?

Last time when i called my office supplier, they PICK-UP the phone and tell me they are out of stock, shouldn't they do the same? 

if the price stay at this 25-35 level, the demand will be even more. perth mint might increase the premium further.

8% you're referring to gold.
The right place for gold discussion is here: http://forum.lowyat.net/topic/2013163/+1420

To answer your question, that's their business strategy, low spread but high price. That's to encourage people who are worried about liquidating their gold bars to buy from them, and in future sell back to them at low spread.

Unfortunately the USD99 offer is limited to 1pc per person (or maybe 1pc per order of a certain minimum qty) only. So there won't be a lot of it being offered in the market.

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 .....