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 how to invest silver in malaysia

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prophetjul
post May 30 2011, 11:40 AM

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QUOTE(benedict1213 @ May 30 2011, 10:54 AM)
hmmm.. i not sure about this.  I believe that there are tax if we bring in in Kilogram. ><
any expert's advice here?  hmm.gif
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Duty for silver is 15%...thats why its more expensive that spot over here.
Its considered, i guess, an industrial metal
prophetjul
post May 30 2011, 12:03 PM

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QUOTE(farisaiman @ May 30 2011, 11:56 AM)
as i know the tax is only applied on coins
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No.

Any silver.....in fact bars will defo be taxed.
Coins can be coined as medals and escape tax........

try 'silver'

http://tariff.customs.gov.my/


ahhhhhhhhh......looks like they have removed them duties from silver thumbup.gif

That explains why they dont tax me anymore! rclxms.gif


Added on May 30, 2011, 12:06 pmOnly means them silver traders are making BIG bucks selling 20 to 25% over spot!

This post has been edited by prophetjul: May 30 2011, 12:06 PM
prophetjul
post Jun 2 2011, 08:45 AM

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QUOTE(evilspeculator @ Jun 1 2011, 07:25 PM)

Added on June 1, 2011, 7:27 pmPerth mint Australia selling transformers coins FIY
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Bought some. Very pretty and pretty pricey! sad.gif

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prophetjul
post Jun 2 2011, 10:22 AM

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QUOTE(`arthas @ Jun 2 2011, 09:48 AM)
cool  drool.gif

how much you bought ?
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RM876 for 3 coins. Bought two sets to add to my 2009 versions.

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Added on June 2, 2011, 10:27 am
QUOTE(aaronpang @ Jun 2 2011, 10:07 AM)
Nice snag prophetjul  thumbup.gif

Quoting my post in the gold investment about purchasing collectible coins... 

The winning bid for 5oz of 2009 Silver Panda's sold for USD1,388.00

Predicted it would end up high, but the winning bid is way out there I'm stunned speechless  shocking.gif

Price paid for 5oz of silver is almost at 1oz gold spot  doh.gif
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WoW! Crazy! Whats the pop for the 5 oz 2009 Panda.........Lets seee..... 10,000.....not overly rare??/ rclxub.gif

The buyer must be nuts! Its selling much much lower than that in ebay


http://completed.shop.ebay.com/i.html?LH_C...=silver&_sop=12
i bought this coin for AUD200......now its selling for AUD440........pop 1,000 oni

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This post has been edited by prophetjul: Jun 2 2011, 10:31 AM
prophetjul
post Jun 2 2011, 10:41 AM

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This 1996 China NGC PANDA 12 OZ PF69 Silver Coin sold for........................................drum

US $13,960.00 whistling.gif whistling.gif whistling.gif


Population a very rare 800


http://cgi.ebay.com/1996-China-NGC-PANDA-1...=item3a66243ab5

This post has been edited by prophetjul: Jun 2 2011, 10:42 AM
prophetjul
post Jun 2 2011, 11:08 AM

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QUOTE(GoldChan @ Jun 2 2011, 10:53 AM)
in the early days, the mint will not be able to earn $ if the mintage is high as demand is not there. Thus, purposely mint very little to jack up the premium so that sufficient profit can be made. That how item become rare.

rare + slabbed (proven original) + long holding time (5-10yrs)   = enormous price.
price will be 50% off if it is not slabbed.
Thus, there is incentive to get your coin slabbed especially if U have tons of panda 1 oz in 2007 and below.
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GoldC

In the early days, actually premiums are pretty similar.
However, the low mintage pop is because silver was not so hot items then..........

Manyatimes you see mintage 10,000 bit actually sold only 5,000......the rest of unsold may have been
melted later for future minting


Added on June 2, 2011, 11:11 amCase in point

1 oz silver panda 1983 - pop - 10,000

1oz silver panda 2011- pop- 800,000

This post has been edited by prophetjul: Jun 2 2011, 11:11 AM
prophetjul
post Jun 2 2011, 08:33 PM

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QUOTE(Jutawan @ Jun 2 2011, 05:39 PM)
Already got the stock from Nubex? I also book but not been called by Nubex.
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Why do you buy from Nubex?

Issit cheaper?

i buy direct from Perth mint.


Added on June 2, 2011, 8:38 pm
Added on June 2, 2011, 8:37 pmNUBEX says:

QUOTE
Pre-Order

All items in 'Pre-Order' category have already been purchased and waiting to be delivered to Nubex office. Usually the items will arrive in 1 to 2 weeks depending on the production cycle and schedule of the refinery.

Because gold and silver prices are always on the bullish position, 'Pre-Order' is specially designed for you to take advantage on the current market price. You will be able to "Lock-the-Price-Now" even when the items have not yet arrived at Nubex office.

For this type of order, FULL PAYMENT must be made within 24 hours from the time of ordering via bank transfer. "Payment upon collection" is NOT ALLOWED  and will result in cancellation of the order.

Transformers Bumblebee 1oz 999 Silver (Call to Reserve)
Transformers Bumblebee 1oz 999 Silver (Call to Reserve)
RM0.00
Weight: 31.10gm

Purity: 0.999

Produced by:
Perth Mint
More Info  Add to Cart
   
Transformers Megatron 1oz 999 Silver (Call to Reserve)
Transformers Megatron 1oz 999 Silver (Call to Reserve)
RM0.00
Weight: 31.10gm

Purity: 0.999

Produced by:
Perth Mint
More Info  Add to Cart


How are they selling without a price? rolleyes.gif

This post has been edited by prophetjul: Jun 2 2011, 08:38 PM
prophetjul
post Jun 3 2011, 07:34 AM

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QUOTE(farisaiman @ Jun 3 2011, 12:22 AM)
i collect both smile.gif


Added on June 3, 2011, 12:36 am
call them to book/ask price....as the thing is not launched yet if im not mistaken
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Hi Faris

i have already ordered them direct from Perth mint......Nubex is pretty slow arent they?
The mint will ship them out from 16th June.

i think Nubex will make a pretty premium on you if you buy from them... nod.gif
prophetjul
post Jun 3 2011, 10:54 AM

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QUOTE(zajun80 @ Jun 3 2011, 08:18 AM)
hai bro, how much perth mint charge u?
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Lookie above.......and i am a regular Perth mint buyer so shipping is free rclxms.gif


Added on June 3, 2011, 10:55 am
QUOTE(prophetjul @ Jun 2 2011, 10:22 AM)
RM876 for 3 coins. Bought two sets to add to my 2009 versions.

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[
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This post has been edited by prophetjul: Jun 3 2011, 10:55 AM
prophetjul
post Jun 3 2011, 10:19 PM

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QUOTE(farisaiman @ Jun 3 2011, 04:47 PM)
u got free postage? wow...
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Regular customer has its privileges! biggrin.gif
prophetjul
post Jun 4 2011, 09:10 AM

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QUOTE(farisaiman @ Jun 3 2011, 10:23 PM)
can order for me also?  whistling.gif whistling.gif whistling.gif
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15% premium! rclxms.gif
prophetjul
post Jun 6 2011, 11:07 AM

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QUOTE(jphlau @ Jun 6 2011, 10:54 AM)
I am also a regular buyer but did not get free shipping.. you must be a high volume buyer...  thumbup.gif  thumbup.gif
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Or just lucky! biggrin.gif
prophetjul
post Jun 7 2011, 07:45 AM

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QUOTE(byronong @ Jun 6 2011, 05:26 PM)
Hi Prophet,

Could you pls share your experience of bringing in Perth Mint coins? examples, tax, collections, procedures, etc?
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Just register at the website.

And start buying whatever collection you fancy. biggrin.gif

Tax depends on the tax dept. Sometimes they charge, sometimes they dont. This IS Msia! nod.gif
prophetjul
post Jun 7 2011, 08:25 AM

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QUOTE(zajun80 @ Jun 7 2011, 08:14 AM)
pay by paypal/cc or bank transfer much better?
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i pay by cc
prophetjul
post Jun 28 2011, 08:03 AM

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QUOTE(wangwangi @ Jun 27 2011, 09:39 PM)
great, but how do u so sure it wont enter another 20 years of bear market?
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No ONE can be sure of anything cept DEATH and INCOMe taxes...... nod.gif
But the current situation still points to silver having a role in todays economy
both as a commodity and a type of poor mans gold.......


Added on June 28, 2011, 8:08 amCoins arrived yesterday! NICE! thumbup.gif

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This post has been edited by prophetjul: Jun 28 2011, 08:08 AM
prophetjul
post Jun 28 2011, 08:44 AM

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QUOTE(jphlau @ Jun 28 2011, 08:20 AM)
Mine arrived last week but kena 5% duty plus 10% sales tax. What about you??
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Taxz free! rclxms.gif Very fast too! biggrin.gif
prophetjul
post Jun 28 2011, 10:05 AM

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QUOTE(farisaiman @ Jun 28 2011, 09:42 AM)
Wow,like that better take from nubex
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Nubex charge Rm399 ex postage......from perth mint only Rm292 per piece. biggrin.gif
prophetjul
post Jun 28 2011, 10:25 AM

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QUOTE(jphlau @ Jun 28 2011, 10:21 AM)
Yes. work out to be cheaper anyway including the taxes.

BTW any other good silver coins for recommendation??
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What do you mean 'good'?
Everythings good! biggrin.gif

i only collect silver coins for numis value predominantly...i invest in gold.
So far i have finished collecting the 1 and 2 oz Perth mint series one lunar silver coins.
Still collecting the 2 oz coloured lunar coins and the transformer series
prophetjul
post Jun 29 2011, 08:58 AM

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QUOTE(jphlau @ Jun 29 2011, 08:48 AM)
Tax 5% + 10% sales tax. Good luck to you

I was a bit lucky as the custom lady use USD rates instead of AUD rates.  brows.gif  thumbup.gif


Added on June 29, 2011, 8:50 am

I buy silver and gold only for collection. So looking for limited edition coins. I only invest in property as I only familiar in that area.
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USD stead of AUD! Thats efficiency fir you! biggrin.gif

What collections have you aquired so far? Collecting gold is too expensive....silver is a bit more reasonable

Hows property in Swak?
prophetjul
post Jun 29 2011, 11:19 AM

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QUOTE(jphlau @ Jun 29 2011, 11:13 AM)
Yeah, when the custom lady realise her mistake, i have to convince her to shut one eye.. haha...

I have the 2009, 2010, 2011 Discover Australia five coin gold set and some gold bars from Pamp Suisse.

The transformers silver coins are my first silver investment. Too tempted to buy when i am a transformer big fan.

Property is booming now compared to 2 years ago.. the prices are so  rclxub.gif  rclxub.gif at the moment.
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i am a TRANSFORMER fan as well....since i bought the optimus prime for my son in 1995! biggrin.gif

Beautiful coins!

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