thanks nidz! wonderful!

for buying in bulk? which one do you guys recommend?

out of all the coins in the market, which coins has the lowest premium compare to spot price?

This post has been edited by property101: Aug 21 2011, 03:57 PM

anyone has any idea what is the purity level for Kelantan 10 Dirham offered by SilverKini.com ?

thanks for the information

sifus....anyone knows how to clean silver coins bars etc?
is there any special cloth or liquid to clean them?
is there any trick to preserve silver to keep it at tip top condition as long as possible?

this one? -> http://silver-investment-malaysia.blogspot...hing-cloth.html

or are u selling it?

come on! it should have some pull back within these few days >.< i still wanna buy more cheap silver!
looking at current spike, is silver price manipulation over?

This post has been edited by property101: Aug 22 2011, 02:35 PM

haha....bro, it peaked at 44 earlier but it just started to laosai until high 42
silver price wont go up in straight line, after so many days of shooting up, sure will pull back a bit
aiming to buy some ounces within next few days, hopefully can catch the falling knife at the right time

the most competitive i've seen so far is 1stopgold, premium is 10% from the spot price, any other more competitive?

how about this:
1. we identify one supplier who is willing to work with us on tiering system
2. we open the floor for everyone to tell how much each person wants to buy, for example i might wan 10oz while another member only want 1oz. add up this amount
3. set a cut off date for this ordering
4. give the list of member and quantity to supplier. supplier is responsible to deal with every member private with the group purchase price

two issues we need to solve here:
1. how to avoid member ffk that might upset supplier?
2. how to determine the spot price as different member might have difference preference on the "buying" time

feel free to refine these

how about this:
1. we identify one supplier who is willing to work with us on tiering system
You can't identify only one supplier because you need to compare price and service. But maybe you can ask forumers around which supplier they have deal with and who they recommend. That'll save you lots of time to compare price as well as getting a recommended seller.
yes, of course, the "identifying" process would include comparing service and price. for the member who is also supplier here, anyone would like to propose your quotation? we will have a mini survey on your service

2. we open the floor for everyone to tell how much each person wants to buy, for example i might wan 10oz while another member only want 1oz. add up this amount
3. set a cut off date for this ordering
4. give the list of member and quantity to supplier. supplier is responsible to deal with every member private with the group purchase price

two issues we need to solve here:
1. how to avoid member ffk that might upset supplier?
Ask for some monthly regular buyers. Those will less likely FFK.
nice, so the deposit will be directly given to supplier i assume.

2. how to determine the spot price as different member might have difference preference on the "buying" time
Do it on weekends when spot market is close.


feel free to refine these

a question, wonder how the sellers handle the volatility of the spot price. consider this scenario, today's morning spot price is usd40, one customer called u to locked the price and promise to bank in money to you on next day. but in the night time, price falled to usd38, assuming this client is buying a large amount like 30-50oz at a go, and he say he want to cancel the morning order (usd40) and place a new order at night time price (usd38), is it common for the seller to agree to this? or is there anything the seller can do?

This post has been edited by property101: Aug 25 2011, 12:10 AM

Hi all, regarding the tier system bulk purchase, I have work out an Excel sheet for the plan.
This Excel sheet would capture the seller's details and the details of the products (obviously is silver in this case). The seller might be providing 1oz bar, 5 oz bar, 10oz bar, coins, tube of coin, Dirham etc. Whatever the seller is providing, just list down into the Excel file. Then seller should send the file back to me. I would later compile a list of seller and get feedback from the members here on their service or a review of the seller basically.
We might consider appointing 2-3 supplier, we use their service on a rotation basis, as I believe there are many people also are consistently buying silver like every month. Therefore there wouldn't be any seller 'monopolize' our forum market and while the first seller is busy handling the first round of bulk buying, the second seller can come in to take care of the second round of bulk buying.
Below are some screen shot of the Excel sheet I mentioned. I'm sure it can be further refined, but let's get this rolling:



Seller if you are interested to work with us, please fill in the form and I will keep the members updated. Here is the Excel file:
 silver_supplier.zip ( 9.06k ) Number of downloads: 20


Thank you very much!

---

Added on August 25, 2011, 2:33 amAgain, basically this is how things would work
1. Identify sellers
2. Sellers give tier system quotation
3. Set a cut off date for bulk purchase
4. Buyers start placing order (understanding that the price might be differ due to not enough buyer to reach seller's tier price). Place 10% deposit at this point.
5. On cut off date, calculate total order. Confirm the price.
6. Seller close deal with buyer privately.


This post has been edited by property101: Aug 25 2011, 02:33 AM

wow...39.xx
bros! time to enter?

from my humble survey
if anyone interested to get 1 kilo bar, 1StopGold the only place to go, no need think twice. the good thing about 1StopGold are:
1. silver bar come with a serial number and a certificate
2. the premium is lowest in market which is 10% (for example when spot price is USD40, they are selling for only around RM4243.80 )
3. they guarantee buy back - 5% below spot price (at least it's a peace of mind for beginner)
4. brand: PAMP SUISSE

the 'not so good' thing about them
1. minimum order is 1kilo
2. you need to self collect within 14 days during office hour (not so convenient for people far away from kl)

no

price now kinda like resisting at 39.xx - anyone predict going up or going down?

bought from mysmartgold? please enlighten me on following:
1. i notice mysmartgold spot price is usd50sen higher than kitco, how come?
2. how was the transaction with them? smooth? professional?
3. from the website, the image seems like they are selling PAMP SUISSE bar too, does it mean they got it from MKS?
4. how does their collection work? provide delivery? or self collect?

highly appreciate for an existing mysmartgold customer's respond

it's not written on the buy agreement and sell agreement that you signed
but they did tell me the spread is 15%
while buying is 10% from spot price, so naturally that means selling is 5% from spot price
they also have a paper that list out all their products, they will print it out for your reference on request (the price are update live), the numbers are printed black and white
cheers

look at my signature

No surprise my friend!

If the supply of silver in world is equally distributed among world population, this each person is only going to get 1/14 oz of silver:


Let's not forget about during 1980s, the silver price surge is only caused by Canada and North America. During those days, there were more silver available on earth compare to today. Today the silver left on earth is less and yet the whole world can buy and has been buying silver.

Other factor such as the decreasing dollar (QE1, QE2, probably QE3), the industrial demand, end of 40 years monetary system, silver price manipulation, and bunch of other stuff in the net. By the way, I didn't make this up myself Anyone who is interested can get more information, this is one of the most updated and informative video I have seen so far:
http://www.youtube.com/watch?v=tj2s6vzErqY