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 how to invest silver in malaysia

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Lycan
post May 10 2011, 11:42 AM

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tks for the vote of confident . Reason invest in Silver , i dont trust Insurance policy on investment plan .. Just update , i lock in my order oreadi with 1stop at 39XX a kg cool2.gif for 5kg . Delivery end May hmm.gif

QUOTE(benedict1213 @ May 10 2011, 12:30 PM)
That's great Lycan!
you got a good thought & plan for your children's future. Your effort will gain you reward in future  too!  Well, you can contact GoldChan (silvermalaysia), he is sincere, got lot of experience and knowledge about silver...

p/s: I still waiting for his offer of 1oz of silver bar.. ><
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This post has been edited by Lycan: May 10 2011, 11:42 AM
benedict1213
post May 10 2011, 12:13 PM

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Lycan, who you deal with? don't mind to share with me? thanks tongue.gif
Freezefrost
post May 10 2011, 12:50 PM

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nice rebound on silver prices!
GoldChan
post May 10 2011, 04:10 PM

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QUOTE(Lycan @ May 10 2011, 11:42 AM)
tks for the vote of confident . Reason invest in Silver , i dont trust Insurance policy on investment plan ..  Just update , i lock in my order oreadi with 1stop at 39XX a kg  cool2.gif  for 5kg . Delivery end May  hmm.gif
*
wow! quite cheap wow! 39xx. let said RM3999 that work out to RM124.4 /oz.
benedict, below your budget go go go arli arli..... RM125/oz


Freezefrost
post May 10 2011, 11:21 PM

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ya man, where u find so cheap? sure real or not 1?
Lycan
post May 11 2011, 11:01 AM

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base on usd yesterday morning price lah usd 37/oz @ usd 3.05/ 1kg =35.2739grm workout to rm3980.65. biggrin.gif

QUOTE(Freezefrost @ May 11 2011, 12:21 AM)
ya man, where u find so cheap? sure real or not 1?
*

Added on May 11, 2011, 11:04 amtaiko r u sure silver going to go down . Since Last friday to today .. silver hv up usd5/oz ler

QUOTE(benedict1213 @ May 10 2011, 12:29 AM)
welcome Lycan,

hmmm.. personally, i do not recommended to trade Silver now or for this month of May.  I foresee Silver will retest lower..
Well, if you unsure and  brows.gif, you can get some silver in different prices, different time..

hope this help.
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This post has been edited by Lycan: May 11 2011, 11:04 AM
GoldChan
post May 11 2011, 01:34 PM

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QUOTE(Lycan @ May 11 2011, 11:01 AM)
base on usd yesterday morning price lah usd 37/oz @ usd 3.05/ 1kg =35.2739grm workout to rm3980.65.  biggrin.gif

Added on May 11, 2011, 11:04 amtaiko r u sure silver going to go down . Since Last friday to today .. silver hv up usd5/oz ler
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waiting for price to be high enough to sell
waiting for price to be low enough to buy
Both are equally greedy,
rclxms.gif
Just average out your purchase and you will be fine.

silverfreak
post May 11 2011, 02:39 PM

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As far as I'm aware of, Malaysia local supplier raise the premium from 36% to 40% above spot !! This is crazy. The reason being is the price are volatile ... now seems like spot price gets low also you can's get cheap silver coin ..


damn it ...
Jutawan
post May 11 2011, 02:42 PM

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QUOTE(GoldChan @ May 11 2011, 01:34 PM)
waiting for price to be high enough to sell
waiting for price to be low enough to buy
Both are equally greedy,
rclxms.gif
Just average out your purchase and you will be fine.
*
Just got my stocks fROM gOLDcHAN yesterday. Still waiting for my receipt. biggrin.gif
benedict1213
post May 11 2011, 03:16 PM

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QUOTE(silverfreak @ May 11 2011, 03:39 PM)
As far as I'm aware of, Malaysia local supplier raise the premium from 36% to 40% above spot !! This is crazy. The reason being is the price are volatile ... now seems like spot price gets low also you can's get cheap silver coin ..
damn it ...
*
you are right, Silverfreak! that why i do not prefer keep/invest in physical Siver.
Firstly, Silversmith raise 36%-45% premium compared with Silver Spot. Second, If Silver spot appreciated, their price increase too, but if silver spot drop, they remain the price as an excuses of "its still bullish" to kill those greedy silver spectacular get in a higher price. doh.gif


Added on May 11, 2011, 3:46 pmlycan, last sunday-Thursday drop USD16 per oz. and Friday till today retraced USD5 per oz. (40%). beware!

This post has been edited by benedict1213: May 11 2011, 03:46 PM
silverfreak
post May 11 2011, 04:23 PM

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QUOTE(benedict1213 @ May 11 2011, 03:16 PM)
you are right, Silverfreak!  that why i do not prefer keep/invest in physical Siver. 
Firstly, Silversmith raise 36%-45% premium compared with Silver Spot. Second, If Silver spot appreciated, their price increase too, but if silver spot drop, they remain the price as an excuses  of  "its still bullish"  to kill those greedy silver spectacular get in a higher price. doh.gif
We couldn't buy online from sites like kitco as well because the custom tax is 15% and you can't run away from there. Besides, credit card is not available being used. You need to bank wire the payment which is quite troublesome.

Jutawan
post May 11 2011, 04:31 PM

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QUOTE(silverfreak @ May 11 2011, 04:23 PM)
We couldn't buy online from sites like kitco as well because the custom tax is 15% and you can't run away from there. Besides, credit card is not available being used. You need to bank wire the payment which is quite troublesome.
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Is public gold are the only provider of physical gold in Malaysia?
farisaiman
post May 11 2011, 04:35 PM

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naahhh,theres many more,nubex is one of the recommended site
silverfreak
post May 11 2011, 04:52 PM

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QUOTE(Jutawan @ May 11 2011, 04:31 PM)
Is public gold are the only provider of physical gold in Malaysia?
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You can check out UOB bank, the spread is quite low!

benedict1213
post May 11 2011, 04:56 PM

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UOB bank available in Malaysia?
silverfreak
post May 11 2011, 05:37 PM

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QUOTE(benedict1213 @ May 11 2011, 04:56 PM)
UOB bank available in Malaysia?
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Yes. Check it out.
pubmut
post May 11 2011, 10:26 PM

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QUOTE(silverfreak @ May 11 2011, 04:23 PM)
We couldn't buy online from sites like kitco as well because the custom tax is 15% and you can't run away from there. Besides, credit card is not available being used. You need to bank wire the payment which is quite troublesome.
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You need to double check your facts Silverfreak.

You can buy from Kitco if you're willing to pay for the taxes. Cheaper alternative would be SG at 7%.

Apmex already has credit card price on its site, if you haven't checked.

Bank wire is a breeze, I don't know if your troublesome meant going to the bank.


GoldChan
post May 12 2011, 08:13 AM

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QUOTE(Jutawan @ May 11 2011, 04:31 PM)
Is public gold are the only provider of physical gold in Malaysia?
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they are many of them.!
last recall about 3-5 gold provider. mainly gold bar.!

until UOB or Kijang emas and Public Gold run out of stock
I won;t go there lah. I have listed my gold buying strategy.! It up to U to follow. base on highly ROI.

http://silvermalaysia.blogspot.com/2011/04...g-strategy.html

Tell U a secret, lot of people just have UOB gold only not even kijang emas. But they UOB gold is RMXXX,XXXX
where X is > 2.


Added on May 12, 2011, 8:15 am
QUOTE(Jutawan @ May 11 2011, 02:42 PM)
Just got my stocks fROM gOLDcHAN yesterday. Still waiting for my receipt. biggrin.gif
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email me your fax no. I fax to U lah.


Added on May 12, 2011, 8:34 am
QUOTE(benedict1213 @ May 11 2011, 03:16 PM)
you are right, Silverfreak!  that why i do not prefer keep/invest in physical Siver. 
Firstly, Silversmith raise 36%-45% premium compared with Silver Spot. Second, If Silver spot appreciated, their price increase too, but if silver spot drop, they remain the price as an excuses  of  "its still bullish"  to kill those greedy silver spectacular get in a higher price. doh.gif


Added on May 11, 2011, 3:46 pmlycan,  last sunday-Thursday drop USD16 per oz.  and Friday till today retraced USD5 per oz. (40%).  beware!
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Buy from ebay USA lah. Just need to spend time lor. try your luck lah,.Over time U will amass a big collection.
Lot of my ex-buyer did that. Just follow the feedback link at my ebay, then look what they buy the price. etc.
if it is worthly then U allocate some time and buy from there lor.
Remember the key word is "bidding."
I given U some tips oledi.
I old already no time keep bidding.


This post has been edited by GoldChan: May 12 2011, 08:34 AM
benedict1213
post May 12 2011, 08:46 AM

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Finally Silver dropped from USD39.44 to USD 34.95 (USD4.49) in the mignight! Be ready for another roller coaster down-wave ride? hold your breath, GoldChan.

btw, just wondering that do anyone study silver chart beside just buy physical silver randomly?
Lycan
post May 12 2011, 11:15 AM

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bro u think it will drop fututre .. i plan to lock in another order next week it goes again . tongue.gif i was told the same principal as reading the chart for stock market ,
QUOTE(benedict1213 @ May 12 2011, 09:46 AM)
Finally Silver dropped from USD39.44 to USD 34.95  (USD4.49) in the mignight!  Be ready for another roller coaster down-wave ride?  hold your breath, GoldChan. 

btw, just wondering that do anyone study silver chart beside just buy physical silver randomly?
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