Thats why i am VERY happy....i thought the mint system screwed me.
But then they managed to find me one.....at AUD102!   

ebay selling at $450 average

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Added on September 29, 2011, 9:58 am
Sold OUT within one hour.........  you can only purchase it in the secondary mkt.

Hey guys,

Just want to say that, those dealer who do not have stocks are not unreliable, at least I don't think all of them are. Look, everyone here is looking to buy silver, so they sell whatever they have and order new stocks, it takes a week or 2 for these stocks to arrive, so most likely by next week everyone will see LARGE supplies of silver in malaysia because EVERY dealer order large amount at low price from overseas.

One example, Let's say I'm a big time dealer like 1stopgold, I have 1000 oz in store which I bought at RM 160 per oz, price drop to RM 130 per oz, you think I will not sell? even if I am loosing money per oz, I will still sell, recover the money now from these sales and order from my supplier at RM 120 per oz immediately. Do I loose money? no, in fact if the price goes up, I make even more money.

Those that you find still have stocks are company who :
1) used to sell very high, nobody buy from them so they have lots of stocks left, you when you find them, they are the last one everyone want to buy from
2) They had just ordered from supplier 1 or 2 weeks ago and their new shipment arrive, they still ordered at a higher price but they do have the goods to sell.

So personally I doubt that any dealer who have stocks will hold back from selling their goods, a good businessman will not get their money stuck in goods and wait for the price to go back up which could be 6 months from now, and they will have to start learning how to eat grass.

chef

My 2oz worth opinion..

Yeah, there's no limit to the purchase by some of the dealers. I think it's because they just got their shipment, if some dealer here order, wait 2 weeks for minting and delivery we should start getting the 1oz dragon offer by mid october. I believe the source is accurate, deal with him before. Anyway we already in no hurry to buy yet, until everyone is out of stocks. Then we should panic!

chef

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Added on September 29, 2011, 8:09 am

hey chunyen

Wow your silver bullet shoot only at the rarest female dracula!! ha ha.... beautiful and rare.

I guess you are the real collector, which i hope someday i will be one.

chef

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Added on September 29, 2011, 8:14 amHey guys, price is falling below USD 30 now, I think it will go for USD 26 again this 2 days, maybe even today, get ready your final silver bullet for the final showdown!! ALL SILVER PRICE (except dragon and older coins) are gonna drop!! so aim and squeeze...

chef

At the time of posting, spot is at USD 29.12

agreed. Things must moved. The only thing now is supply is more than demand lah.
not many customer want to lease back their silver to me for resale.

Hey who says so? I think many people are still looking to buy, maybe if you can list out what you have for sale here, including the price, I'm sure there will be respond.

chef

As for leasing back to you, how it works huh? We pass you the silver, you sell, then you pay us back? or we pass to you, you buy from us and sell when you want?

Hey who says so? I think many people are still looking to buy, maybe if you can list out what you have for sale here, including the price, I'm sure there will be respond.

chef

As for leasing back to you, how it works huh? We pass you the silver, you sell, then you pay us back? or we pass to you, you buy from us and sell when you want?

this is the strategy i am using now. i sell cheap and hope to sell fast. then buy some personal stock, actually, i do not make a loss. but my profit margin is very thin.

thin margin plus high volume can result in huge profits.
i also just started to be a trader, but some of my costs are abit high during the 40-42/oz region...
if sell now, make a loss liao. need to wait for market to recover.

sell in loss, nvm, but your price must be higher than the average cost of replacement. You have to sell fast and take the money to order from oversea immediately. GoldChan would agree with this, i guess, haha.

i see. that means loss now, then cover the loss and maybe make some profit in the next round?

unless u got a steady oversea supplier i think

unless u got a steady oversea supplier i think

Ha ha, I'm oversea supplier, I'm from over the sea, supply somehow is no problem for now.

chef

aiya, i don't have perthmint bullion account. prophetjul, what documents you submit for identity verification and who certified for you?

Hey who says so? I think many people are still looking to buy, maybe if you can list out what you have for sale here, including the price, I'm sure there will be respond.

chef

As for leasing back to you, how it works huh? We pass you the silver, you sell, then you pay us back? or we pass to you, you buy from us and sell when you want?

haha, you get your supply from singapore ?

no identity verification required. Just register and order

sell in loss, nvm, but your price must be higher than the average cost of replacement. You have to sell fast and take the money to order from oversea immediately. GoldChan would agree with this, i guess, haha.

no identity verification required. Just register and order

really? just register at https://www.perthmintbullion.com/RegisterToTrade.aspx
and that's it? what about the identification documents etc?

Yup, same as you.

Actually no lah, like you I travel there and back often. So I'm considered "from overseas". So what's your next order anyway? gathering so much cash.. mine giving us some hint?

chef

well, selling is quite tiring! unless you have a fix shop where people can just come over and collect. COD in 3-4 places a day can be very taxing.
there is a limit to how much one can sell via CoD. Best is make few big deals, and let the reseller sell to others. Otherwise it's simply not scalable.

1pc limit was for apmex 1 day offer.
gainesville is now selling it for USD99, not sure got limit or not
just got email from them regarding 10% deposit by bank transfer to make order.