wow got silver thread on lowyat..good..i just got to know silver investment in this month..damn if i know earlier...all this time just imagine gold as investment.. searching around cannot find a good book that related to Malaysia environment..however find one but in Malay languange..just bought it.
do u guy know any good article or e-book for me to read about this precious metal..Need to gain more knowledge since i just a beginner.

Mike Maloney's guides in gold and silver as investment.

35.90 now..

Silver dipping below 35 now mate....maybe on its way to 28 soon...

34 region now..

should we laugh or cry ?

luckily the precious metal i bought this week is gold, not silver, and sold 3 tubes of ASE last week, otherwise , cry also not tear.

Average out our buying price I guess, when I bought it was $38.

The next support line is 28 ?!

now need to find supplier who'll sell with a discount proportionate to the current spot price la....
im yet to find such seller. anyone came across any good deal?

if u want to buy more, buy online lah. sure cheaper.

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 pmi 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)

This post has been edited by property101: Sep 23 2011, 03:02 PM

1cheapsilver is selling 1oz bar at RM132..

Others not sure.
Saw one tube of ASE fell to RM3000.

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Added on September 23, 2011, 3:22 pmhttp://1cheapsilver.com/v3/index.php?option=com_virtuemart&page=shop.browse&category_id=18&Itemid=54&vmcchk=1&Itemid=54

This post has been edited by chunyen2020: Sep 23 2011, 03:22 PM

what do you suggest? how should seller calculate their price?

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

Business is never that simple, sellers try to make money and buyers try to save money. These are two conflicting objectives that make businesses complicated.

Adding to that, buyers would like to have more security, quality assurance, transparency (for easy comparison with other sellers) while sellers would like to have protection against business risks (costs fluctuation, forex, etc), frauds, tax, competition, etc. All these add on to the complexity of businesses. I suspect during time of high volatility like now, they may increase their provision for risks.

No offense intended, just my humble opinion, all selling prices have included direct costs, indirect costs, visible costs, invisible costs, profit margin, provision for business risks, etc. It is always the invisible costs, provision for business risks, and profit margin that are hard to determine. Each seller has their own way of pricing their product/service. It is buyers' responsibility to do their own evaluation to get to know what deal they are getting into. But of course, it is also the buyers' choice which type of sellers their prefer to deal with. So, choose the sellers you feel most comfortable buying from if you are not satisfied with the current one. You determine your own criteria and see if the sellers meet your criteria or not.

This post has been edited by cruzzie73: Sep 23 2011, 04:16 PM

I check with a few suppliers for some explanation. Mostly replied with the USD index that is going up and they can't cope with it because most transactions is in USD. Which i think it's quite reasonable as 2 weeks back the rate was only +- 3.0 but now is +-3.2

I do not think the spot will drop below USD32. So i'll probably start buying again when it goes to 33.xx (that's what technical chart is showing currently) ... hopefully it does go to that ...

It looks like some manipulation is going on and some party are pushing down the gold and silver price. Not to forget that global market is sliding down like no one business and gold and silver margin traders are on for profit taking to cover losses in share market ...

After the Fed Reserve conference and with the oncoming euro crisis, price should be able to bounce back ...

I'm looking at silver to move to USD40 by end of the year and gold at USD1850.

would you pay more to a seller who is transparent than to one who is not for the same item?
my opinion is that generally buyers are just looking for the lowest price, so the sellers only compete on price and not much else.


This post has been edited by getsmart: Sep 23 2011, 04:57 PM

GS ratio now at 50, just I had predicted back in May...

http://forum.lowyat.net/topic/1256221/+200

OMG, spot has dropped that much!! I just bought some bars 2 days ago. If it continues to drop, looks like I need to buy some more to average out my cost of purchase. Is the price going to go down some more? Seeking opinion from the Sifus here.

if u find bars that are lower than ur initial price, u can buy it.
average down ur cost.