Today i went and check out the place. Talked to them. They are selling RM3811 per kilo today. Definitely cheaper than De Gem RM4300 per kilo. Will wait for a bit more pullback in silver before i purchase it.

according to the operation manager, MKS owns 91% of PAMP

lolx....what time u visited? when i visited just now, it was rm3822

This post has been edited by property101: May 23 2011, 06:53 PM

everything is based on volume. that why 10oz is more expensive than 1 oz for some model/brand.

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Added on May 23, 2011, 9:07 pmaiyoh sell so cheap, even below my cost wow!.
mati lah mati lah I.
Should have foreseen the day Goldchan closed up his business.

well, it quite cheap if it is RM3822 /kg but
a) it's illiquid lah 32oz. Some time in the future, it will be the same price as 2 oz of gold. very illiquid.

if U think U have no problem selling it then fine, just get as many as possible lah.
I have problem selling 5oz and 10 oz to the market previously, that why I focus only in 1 oz.


PAMP also got sell 1 oz silver. I think it will also be the cheapest but then since it come with an assay card, i think it will be quite expensive lah
at least USD7 - USD10/- above spot per oz.

just wait and see how things is played out.


This post has been edited by GoldChan: May 23 2011, 09:07 PM

http://www.horlic.com/pamp-suisse-silver-bars/

this guy is saying Public Bank is selling silver also?

Time to buy

I invest in Silver kilobars for long term. Say 5 to 10 years. Currently the Gold:Silver ratio is high so there is more room for Silver to go up. Silver selling roughly RM3800 per kg now, Gold selling roughly RM140,000 per kg now. Imagine Silver's potential.

Just my 2 cents.

some people dont understand why 1oz Pamp silver is more expensive than.normal 1oz bar,they think that is a ripoff

Hey merlip, are you one of its member? Please provide more info for auruma! thanks!

Just bear in mind that big bar are illiquid. You may have some problem selling them in the future.
unless U willing to sell to big buyer at lower cost.
everything got its price.
According to my sales experience, 1 oz bar can sell 5 - 10x better than 10oz bar.
That's the reason why I don;t take in 10 oz bar that many unless it's Engelhard or JM.

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Added on May 24, 2011, 8:46 am1. special packing with assay card
2. FInishing is quite good lor
3. What U pay for "The brand" PAMP sussie lady fortuna.


This post has been edited by GoldChan: May 24 2011, 08:46 AM

Thanks for the info. I have enquired both 1stopgold and De Gem. 1stopgold do buy back the silver kilobars, their buy sell spread is 15%.
De Gem, Bangsar does buy back silver bars as well.

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Added on May 24, 2011, 9:13 amSilver selling RM3844 per kilo today.

This post has been edited by evilspeculator: May 24 2011, 09:13 AM

what is the spread of 1 oz and 10 oz bar?

This post has been edited by property101: May 24 2011, 09:39 AM

RM3855 now. Haha.. Yesterday RM3811 didnt buy.

Goldchan, if you import silver coins, any tax?

1. got tax abt 16%. if U didn't get then its luck.

2. aiyah, got flood control can;t post that much.
spread depends on how many oz U buy per item. look at kitco website U can find there! the discount given for high volume > 500 oz.

3. 1stopgold spread 15% . Aiyah, U post at ebay or lowyat lah. Sell direct lor.
then maybe spread 5%.

4. I think their price is super low, don;t know why?
If they remain low like this for 1-2 year then it genuine lah.
Otherwise, it is a song " License to kill " James Bond 007. after the song, bang2 the price is high. take it or leave it.


This post has been edited by GoldChan: May 24 2011, 01:43 PM

dear pro..... i am still a student but i am quite interest in investing some of my money in silver.... can anyone suggest me the way to invest ????
After reading almost all 17 pages, based on my understanding investing silver involve some steps...
1) Buy silver at lowest price
2) Waiting price to rise
3) sell it off....

is it really so simple ??? i am only planning on investing max a kg only....
is investing silver suitable for student ??
(Hope you all will bother to reply to my noob question... Thanks...)

Where can i buy the silver for security purpose as i worry i will buy a fake one...
should i buy coin or bar ???
where to sell the silver off ??? to bank or private company or people who interest ??

Silver price is up~

If you really wanna invest. And thats long term....better to be in gold.
Silver's is terribly volatile.....especially because its an industrial metal, so its heavily traded and
manipulated.

Gold is the steadier of the two....being more of a 'currency'.

But of you can stand the wild swings of silver..............

my bet is on silver. gold is my backup saving. In case need $ badly sell off gold to UOB lor.

The chap's a young STUDENT......

can start with 5/10 gram gold or few 1oz silver bar
i started to invest in gold and silver after spm