I am completely agreed with you. 100%.

What the course tickle my interest is how to invest silver locally.
Here, to buy silver is so easy but the hard game is how to sell it back. Spread.

Some of them take up 50% spread and one of the forumer (of course not you GoldChan) claim to sell silver, but when I am asking about buying back and the spread, he silent until to day.

And no, I cannot invest in paper, since it is forbidden for me, unless the institution can provide the evidence that they are actually own the silver and can be exchange at any time. Coincidently, Mr Michael Maloney did say “if you cannot touch the silver, you did not own it”.

So far, the lowest spread and the most guaranteed to buy back is Public Silver. But the spread is still damn high. (18%, the last time I check).

And come on, RM190 is very low. If we can invest RM10,000 in silver, why not RM190 for the knowledge.

1stopgold spread for silver is 15%.

Got other silver dealers that give good (small spread) in the event of buybacks? Any recommendations?

Emm...interesting.

I did call them just now.+603 2172 8680.

One Amoi mention that they sell 1 kilo silver at RM4099.60 and buy back at RM3467.50.

So, if my calculation is correct, the spread is still 18%

nubex spread for Pamp is only 10%

wonderingwhy 1stopgold is selling 1kilo silver bar (RM4099.60) is cheaper than publicgold (RM4830)? publicgold buying back at (RM4106).
how about we use RM4099.60 buy 1kilo silver bar from 1stopgold and sell to publicgold for RM4106. Easy money RM106. This make me curious..

This post has been edited by benedict1213: May 27 2011, 07:29 PM

naahhh PG sell their own bar while 1stopgold sell Pamp Suisse bar

meaning that i could not use 1stopgold or any other brand of silver bar to sell to publicgold?

You can call Public Gold or Nubex and ask whether they accept PAMP SUISSE or not.
For me, if no one buyback my pamp suisse in future, i will get my friend to sell it in Dubai.
My friend got his PAMP SUISSE FORTUNA gold in Dubai, and they sell silver too.

Or another local dealer in PAMP SUISSE is this http://mysmartgold.gotdns.org/liverate/

well U from a different class no need to sell anything.
we have to buy and sell 4 a living.

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Added on May 27, 2011, 10:40 pm1. Buy back is a big commitment. Thus, I won;t dare to make such a commitment.
Thus, let alone some other small capital people.
Come on buyer be realistic, people just earn a few $ /per oz from U and U expect them to do
buy back while price goes up and down like mad.

2. I told U all, why U 1 2 ask for buy back. U go and sell it off yourself lah, many options available.
http://silvermalaysia.blogspot.com/2011/05...-any-issue.html
that will guarantee the lowest spread.

3. Tell U lot of people still don;t have silver, all U need is for them to convert some of their saving into silver.
U have silver shortage right there.
Let said all the ah po, ah mah, ah Kung, Grand pa convert 10K each to silver.If U have 100 people like that U get 1 million sales.


This post has been edited by GoldChan: May 27 2011, 10:40 PM

Still less people invest in physical silver in Malaysia? But i've heard many Chinese invest in it rather than Malays?

nubex does buyback Pamp Suisse with 10%spread

GC
Are you a full time trader in PMs?

i am just a collector.

i have to do other things for a living....no crying!

All seller only buy back wat the sell to open market .. there is no co in msia which is collection openly silver at the moment

Istop dont take in PB silver , PB dont take in Istop silver . I believe it apply to all the trader in lowyat .. correct me if i not wrong

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Added on May 28, 2011, 3:17 pmLet me share with u what i found out in my quest to buy silver bar . Most trader in Pamp silver ( 1 kg bar ) they are getting frm Mks or 1stop
like wise Hong Cheong . U try compare thier price quote against 1stop



This post has been edited by Lycan: May 28 2011, 03:17 PM

only indian is missing. but 1st buyer is an Indian wow!
Big buyer are chinese.
Many buyers are malay.
1malaysia.

Ah mor also got. but after a while he said my silver expensive wow! He drive BMW, let maybe he got other option
as he travels a lot.

FYI I'm color blind.

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Added on May 28, 2011, 11:45 pmNot full time. Full time cannot survive lah. each oz make few ringgit how to survive and do full time.
Well got to learn from prophet what else to do so that I don;t need to work so hard in PM.

2. All minter PG or PAMP got to protect their branding and interest mah, so no cross trading forever.

3. 1stop gold start selling direct already so small trader will move on to other things.
If they can't earn $ from it, they won;t promote it.
Other vendor like 5021Gold, etc gold bar will have hard time entering the market. PG was the 1st one. made the right move by hiring jutawanemas.com
the rest who 1 2 make it got to do something else like
storage program, hebah etc...
for me i think the market perceived only PG , nubex and PAMP only lah I might be wrong.,
nubex is quite popular with bunga raya.
let see how they fight each other lah, we consumer benefit lor.

the 1st stage of the battle is to get the mass know your brand, during this stage U need lot of agent lor. these will hike up your pricing.
2nd stage will be cost battle. its happening now.
3rd stage may be knock out.! disappear from the planet.

so don;t buy knock out product, it may sell below the spot price when the day come.

don;t know lah I ;m not the expert, i didn;t see their sales so just merely my feeling only mah.

This post has been edited by GoldChan: May 28 2011, 11:45 PM

I heard Silver has drop dramaticly. Can anyone confirm this?

hello guys,

Just curious, i saw that the price of physical silver in USA is way cheaper than in Malaysia/SG, must be because of insurance/logistic. So i might be getting the silver directly from USA since i'll be going there soon.

so my question is, is this a good buy:
http://www.bulliondirect.com/catalog/selec...lver&category=1

their prices are very attractive. Please advise. Thanks

bro, that price logic because direct from mint. We are from Malaysia. the price is fair enough. Don't mind help me get American Eagle Silver Coin & Canadian Maple Leaf Silver Coin? i don't mind treat you a meal..

awesome. now the problem is the customs.
can't possibly bring back a few kilos of coins and bars

hmmm.. i not sure about this. I believe that there are tax if we bring in in Kilogram. ><
any expert's advice here?