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 how to invest silver in malaysia

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lustman
post Aug 1 2011, 08:04 AM

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QUOTE(spikyz @ Aug 1 2011, 07:28 AM)
Btw i found out that coin seller in Malaysia usually up around 40% from spot price. For example, during time i bought silver coin, the spot price is 40usd=120MYR, and the seller are selling maple around 168MYR which is exactly 40% above spot price. Okay i know that custom tax is 15%, but where does 25% comes from? the mintage and transportation cost? could someone share info how the breakdown is? anyway 25% seems okay actually..haha but im just curious to see how the calculations are.

and 1 more question regarding perth mint.
1. If we buy more than 300AUD, the postage will be free? and how much they selling the normal silver coin (let say maple or phil) above spot price? is it worth it to get it from them? is it cheaper than buying from them rather locally?
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that's a good question but i think no way buyers will ever know the "actual" cost. yes, i believe it covers tax + transportation and these two are very high. don't forget about seller's profit.

unless you only buy a few pieces then you're good to go. most likely you'll escape tax.

if you're buying volume, i'd still prefer local sellers. the cost will be but you won't experience sleepless nights and you'll get the coins COD. to satisfy yourself, you could always give it a shot.




lustman
post Aug 2 2011, 06:49 PM

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now almost everything is exposed. the question right now is when are you going to buy (silver)?
lustman
post Aug 4 2011, 10:18 PM

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i guess many people missed the boat bcos too busy waiting for this news and that news which has no significant effect on the prices of gold and silver. now some of you may regret and some don't. anyways like i said many times, just buy now and try to reach your first target, 100oz.
lustman
post Aug 4 2011, 10:32 PM

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QUOTE(rajang_ss @ Aug 4 2011, 07:26 PM)
I distribute silver as part time PM me if you wanna know more smile.gif
http://www.srdcglobal.com/index.html
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another one of those...... doh.gif

lustman
post Aug 5 2011, 05:23 AM

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QUOTE(3think @ Aug 5 2011, 02:38 AM)
Nose dive! From a high of 42.x to 38.x, 10%.
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what are you waiting for? drool.gif

lustman
post Aug 5 2011, 09:31 AM

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QUOTE(beginner2011 @ Aug 5 2011, 09:16 AM)
roller coaster ride ! smile.gif

Time to grab more ... I'm getting more kook and panda.

Anyone has 1oz canadian wolf 2011? I'm looking for that. PM me if you want to sell yours smile.gif
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may i know how much is kooks and panda per tube of 20oz? where do you get them?

lustman
post Aug 8 2011, 10:58 AM

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QUOTE(benedict1213 @ Aug 7 2011, 08:36 PM)
anyone want to let go SILVER bar/Coin, don't hesitate to PM or offer me. Please provide real picture as well.  thanks smile.gif
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wah... now towkey or towkeyso ? shocking.gif

lustman
post Aug 8 2011, 02:49 PM

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QUOTE(keii-kun @ Aug 8 2011, 01:30 PM)
aaron,

dinar - 4.25gm gold
dirham - 2.95gm silver

dinar is automatically gold, and dirham are silvers.
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dinar and dirham weight is meant to be like that. moreover like i've said before in previous posts, it's related to islam purposes. so they cannot be compared to normal gold and silver in terms in weight.

if you want to buy, buy as collection. fyi, currently they are being used as legal tender as well as mutual agreement between buyer and seller when purchase of goods.

again, do not compare them. just buy if you want them.
lustman
post Aug 9 2011, 05:52 AM

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QUOTE(ch1ck3n @ Aug 9 2011, 02:24 AM)
dirhams are quite an interesting prospect, any sifu's have any insights on this?

dirhams vs canadian maple leafs/other legal tender coins?

looking at investing in silver, and I am new.
so please do excuse if i say anything wrong and also offend anyone.

Thanks peeps!
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there are lots of activist of dinar and dirham at FB groups so you can find lots and lots of info there. they even doing transactions amongst them. yes they are legal tender in kelantan and also traders nationwide (mutual agreement).

you don't invest in silver (physical). you buy and keep for many many reasons. many people make mistakes by buying and selling, trust me. there're culprits telling you can so that they can sell silver to you. this sub-topic alone...long story.

so if you want to buy, just buy (physical silver) what you can afford with your "extra" money and NOT with money that you need to use later (emergency money). this is #1 mistake many people made.


Added on August 9, 2011, 6:00 am
QUOTE(benedict1213 @ Aug 8 2011, 10:04 PM)
lustman, what you mean bro?  tongue.gif
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now you're trading silver, so you're a towkey or towkeyso (female boss). i think it's in hokkien. thumbup.gif


This post has been edited by lustman: Aug 9 2011, 06:00 AM
lustman
post Aug 9 2011, 08:34 AM

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QUOTE(zaizu @ Aug 8 2011, 06:56 PM)
hi everyone

this is my post in Silver

anyway i am an interested buyer for 50grams and 1 kilo
pls provide full description and price and also contact number

how about 100 gram silver bars or 1 oz silver coin- pls pm

my location sentul kuala lumpur

thanks to all and have a good day
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there are a few silver coin/bar dealers posted on the thread. just use your mouse and browse back a few posts. i guarantee you'll find them. simple as ABC.
lustman
post Aug 9 2011, 06:08 PM

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QUOTE(chunyen2020 @ Aug 9 2011, 10:38 AM)
Ermm, I don't quite understand with that though.
Do you mean by don't invest in physical silver and invest in account book silver? Or you mean silver isn't worthy investment? Or you mean silver is a guarantee rather than investment?
No offense  biggrin.gif
Most of the time I heard that silver is an investment, so I wanna listen about silver isn't an investment.
Please enlighten me blush.gif
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sorry chunyen2020 if you don't understand cos i'm lazy to type sweat.gif

anyways, it has been explained in details by SRDC global. i hope it shed some light.

bottomline, buying silver is a no brainer. buy it when you fell like buying. you don't have to wait the price to drop or up, just buy. honestly no one know when is the best time to buy.

i think i've explained in previous posts on which type of silver is best to buy and why. again i'm lazy to type. just check them when you're not sure.
lustman
post Aug 9 2011, 10:33 PM

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QUOTE(smokymcpot @ Aug 9 2011, 09:17 PM)
Hmmm, Canadian Grizzly 2011 or Canadian Wolf 2011 ? tongue.gif
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these 2 are called canadian wildlife series. the timber wolf is quite expensive as it has limited mintage and the bear is still circulating so it's cheaper. it's best to have 1 set. luckily i managed to get 2 sets at a very reasonable price. i think the wolf alone is selling around RM200 or less a bit and the bear around RM165.

lustman
post Aug 10 2011, 12:04 AM

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QUOTE(chef @ Aug 9 2011, 10:55 PM)
Yup, they really are the cheapest in the market. Do you know anyone selling canadian maples silver cheapest in singapore and malaysia? why aren't the maples price highest? since their purity is 9999, I would have thought they command higher premiums.

Sorry, still new to this, but bought quite a few bars from goldchan and some pamp suise silver, now I will complete my investment/collection with 1 pc of kilo bar and some coins.


Added on August 9, 2011, 11:03 pmHey guys!!

Can anyone tell me where is the best place to buy canadian maples or koala in singapore or malaysia? so far I found the lowest price is RM 145 each with 25 x 1oz purchase. Cheaper with purchase of more than 500 pcs, but no money to buy so many lah.

Let us know o.k?
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where's the seller for maple or koala that you found, singapore or malaysia? that's a good deal, care to share?

lustman
post Aug 10 2011, 11:06 AM

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QUOTE(chef @ Aug 10 2011, 10:29 AM)
O.k. guys, it's in singapore and we have to make payment as per usual, within 24 hours, and self collection. We have to act fast in case the price jumped, how should we proceed?

By the way, as long as anyone of you are malaysian and NOT working in singapore or PR, we all get another 7% off!! so imagine RM 145 plus another RM 10 off.

So let's see if we can get a few of you, gather enough money to buy 500 pcs (I'm buying 25 maples and 25 koalas, the rest is out of stock) all meet up in singapore this few days (if you can't come, get some one to come lah, unless you trust us with the money) make the purchase and payment within 24 hours, collect the goods the next day, fly or drive out from singapore, get back the GST you paid (that's where the 7% off comes from) and we're done!!

Sorry I don't have so much money to pay for 500 pcs on your behalf, but I will drive you guys around. If you need low cost accomodation ( about SGD 90 a day) I can arrange. maybe you guys can take this opportunity to tour in singapore too and visit the universal studio! smile.gif
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too much hassle and the exposure of risk is great. i'll have to pass this offer.

you can buy locally at around RM154/oz (minimum per tube) or less (at the current spot price) which i think is reasonable. and you can have it send straight to your home or COD.

well i'm just saying..... cool2.gif

lustman
post Aug 10 2011, 02:46 PM

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QUOTE(Nidz @ Aug 10 2011, 11:12 AM)
Bro, im going to buy my first silver. found this from a website, is it a good deal? which one is better?

1oz Canadian Maple 2011
RM 3845 per tube (25 pieces)

1oz Austrian Philharmonic
RM 3050 per tube (20 pieces)

1oz American Eagle 2011
RM 3090 per tube (20 pieces)

thx for ur advice. notworthy.gif
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if you have the money buy in tube as it's cheaper. get the eagles first, then maples and next philis. if you're buying loose make sure you get air-tite to protect the coins esp. milk spot. maples is the easiest for milk spot and i heard perth mint is the best in term of quality but tthe Koalas and kooks are a little bit expensive.

the price you mentioned is quite right. it may be up or down a bit and it doesn't matter as you're buying to keep, right???

i've bought 2 tubes from a seller b4 and maybe can get slight discount provided you're damn serious. i'd suggest you self collect the coins in KL area only. Remember don't blame me if you deal went south.

PM me ONLY AFTER you've decided what you want to buy.

P.S. eagles and philis has 20 coins per tube so it's cheaper as oppose to maples with 25 coins.

This post has been edited by lustman: Aug 10 2011, 02:48 PM
lustman
post Aug 10 2011, 03:03 PM

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QUOTE(chef @ Aug 10 2011, 11:33 AM)
The price of RM 145 is base on spot price of USD 38.35. it keeps moving and are the price. I have to keep refreshing the page to get the latest total amount. I'm 1 click away to purchase, here's a quick reference :

Spot price : 38.35 (BID)  38.45 (ASK)
Canadian maple x 25pcs 1oz - SGD 58.67 each ( RM 144.33)
- total price : RM 3608.25
Koalas x 25pcs 1 oz - SGD 59.45 each ( RM 146.25)
- total price : RM 3656.25

using exchange rate of SGD 1 to RM 2.46

Total cost : SGD 2,953 (RM 7,264.38)
Minus GST tax : RM 6,755.87

We'll claim tax refund from singapore (you guys have to help me get my GST back too), it's up to you if you want to declare tax at malaysia custom, I'm not asking you to escape tax smile.gif


Added on August 10, 2011, 11:35 am

Actually true, although I drive in and out weekly, so it's not much hassle for me. Alternatively, I can just buy them and sell to you guys minus the hassle, start my own trading business! smile.gif not really into trading now.

That's why I'm also looking for alternative cheaper source if any in malaysia or singapore.
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well since you in and out of singapore then you're good to go as the price is cheaper. buy with SGD + gst.

then drive home to malaysia. forget the tax, if you know what i mean. why should we pay tax as we've been taxed heavily on so many other things ( my personal view only).

lustman
post Aug 10 2011, 04:41 PM

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any newbies interested to buy loose silver bars such as, silvertowne, sunshine, kitco, scottsdale, etc. you need to buy only a few bars - mix n match but strictly COD. the seller puts a time frame for this offer. i bought from the seller b4 a few months ago so maybe i can negotiate the time frame for you but no guarantee. the price at of now is RM140/oz
lustman
post Aug 10 2011, 10:06 PM

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QUOTE(Nidz @ Aug 10 2011, 08:15 PM)
U organizing group purchase?
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the offer has closed by the seller.

i'm not organizing a group buy as i'm not keen on silver bars but i know some do. it so happen i knew about it so i just want to pass the info to everyone here. that's all.
lustman
post Aug 12 2011, 02:46 PM

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QUOTE(cruzzie73 @ Aug 12 2011, 01:23 PM)
Gold and silver buyers should buy with the intention of keeping the value of your current money or hedging against inflation, and not to buy to "invest" to make money. Having incorrect psychology may cause a lot of disappointment to investors. For example:  2kg of gold worth RM350K today, can buy a medium cost condo in KL. By the time 2kg gold value doubles to RM700K, the same condo would also be worth RM700K.

Just look how long it took gold to double to today's value of $1800/oz. When it first hit $900/oz in early 2008, the same condo of RM350K today was worth about RM180-RM200K in early 2008. Similarly, a plate of RM6 mixed rice today would cost about RM3.50-RM4.00 then. Of course, not all items inflated in equal rate, but overall, except fiat currency and salary (also paid in fiat currency), almost everything else moved up in tendam.

So, do not expect the gold that can buy you a car today can buy you a house in 5 years time. But if it does happen that way, we wouldn't mind bcoz we all would have got a big bonus then. 

Cheers  smile.gif
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just about to say the same exact words but..... doh.gif

just kidding...... kudos, you hit the spot
lustman
post Aug 13 2011, 05:36 AM

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QUOTE(cruzzie73 @ Aug 11 2011, 01:33 AM)
Thanks bro.
If you do come across such deals, do share with us again.
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the seller is making a weekend offer only for 1 oz silver bars @ RM142 each - scottsdale (bar and round), sunshine, silvertowne, hereues,kitco, pan-america

Strictly COD at Shah Alam. NO pos allowed. sad.gif

interested PM me.

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