Hi everybody,
For long term investment, I don;t believe in any storage program. in chinese when People see the "Daging Babi besar" sure people will come and curi makan one.
You pay your own storage fee that my believe.

However there is some exception.
The Exception are purely for those who want to invest, pay in fiat, cash out in fiat. Then its OK, provided you don;t intend to take delivery from day one.
Please bear in mind, cash out just before the music stop. b4 Comex default. the problem is U don;t know when, I think it 's quite soon.

In certain countries where the tax is high, then storage program make sense lah.
Some other exception are rare in nature, example like migration to Australia, thus get a storage program in perth mint. Once you migrated there, you can take delivery there.

Will do some writeup, on these paper silver, storage program stuff.

http://silvermalaysia.blogspot.com/

Hi, Just a little clarification, so that there are no misunderstandings

I strongly advocate owning physical gold & silver only, NO paper gold. The options I listed in my earlier post have nothing to do with "Storage Programs" or paper gold in the COMEX futures or Options market or any gold certificate program offered by Perth Mint. By the way, Perth Mint just announce that they are terminating their Unallocated Silver Program (Storage Program).

I agree with GoldChan that Comex is for speculative trading only. Unless you're a professional trader, stay away from Comex. You're fighting against professionals and bullion banks engaging in market manipulation activities. See CFTC & Market Manipulation at COMEX

Just for the sake of discussion, I offer a few reasons why I prefer to hold my gold & silver in professional vaults like VIA MAT INTERNATIONAL (used by all 3 companies I listed earlier)

1. The bullion bars that I buy do not leave the LBMA accredited storage facilities, hence I can be sure they are Good delivery Bars. Even if I buy one LBMA Good Delivery Bar today, take it home, and tomorrow I bring it to a bank or bullion dealer to sell, it will NOT be considered a Good Delivery Bar anymore. It will have to go through a costly assaying and certification process again.
2. Between a Bank Safe Deposit Box and a VIA MAT International VAULT (specially designed for storing precious metals), I certainly think the later is much safer. How may times have we heard of break-ins at our local bank's safe deposit boxes?
3. Its not practical. If you want to invest RM100K in silver bars, it's about 28Kg at today's prices. Do you realize how heavy and how big it is. You can imagine the difficulty when the amount gets larger.
4. The main reason why we invest in gold and silver is because we do not trust the banking system, fiat money and the global financial health. It is in danger of collapse or another 2008 type crisis. So, why trust your life's savings at the bank's safe deposit box? What if they suddenly announce a bank holiday? I always make sure that I do not keep any assets (except some small amount for day to day transactions) in the banking system.
5. And most important of all, gold & silver held at international vaults do not have any counter-party risks. You have 100% legal ownership. Read about the concept of Allocated Accounts & Bailment here. Bailment Explained

Cheers!

PM

I think the best silver to buy now is KGT Silver Dirham,100 % increase since its launching in august last year,plus the liquidity is far way better than most bars now

what's the buy/sell spread?

For 1stop gold, the rate of silver bars,buysell spread is 15%

This post has been edited by kucingfight: Apr 5 2011, 04:56 PM

If you are selling back to them its 5%,but then you can even sell back on current price to public

1. The biggest bar i buy is 10oz. I don;t go for the big stuff 1000oz stored in VIA MAT Vault. I 'm a small player. A normal safe deposit box will do.
Just don;t have to worry about LBMA stuff if U dealing with 1 - 10 oz, just sell it off . There are lot of buyer.

2. Yes, bar that left LBMA accredited storage is no longer good for delivery anymore.

3. I believe that LBMA accredited storage facilities and Banks are all all the same gangs of people. I would rather stored my stuff a bit here and there. better.

4. The main problem is honesty of the operator, is not easy to prove or disprove. When the fraud come, it will come immediately and wipe out everybody
saving just like that. It is up to individual choice, if he thinks it's better than go for the storage program lah.

5. Many (9 out of 10) of my supplier store their own bullion themselves.

http://silvermalaysia.blogspot.com

On an interesting note of investing in Silver, is anyone following the movement started by Max Keiser launching this so call "Silver Liberation Army" to topple JP Morgan?

Yes! and I'm glad to know you're also following They recently launched the SLA website http://silverliberationarmy.com/

For readers not aware of this, Max Keiser launched "Buy Silver, Crash JPMorgan" campaign last Nov/Dec, and together with the Alex Jones of Infowars.com, that effort went viral. http://www.youtube.com/watch?v=QCM7rMIqxmk

They minted special 5 oz Silver Keiser coins that was sold out quickly. Now they are planning to remove 1 million ounces of silver from the physical market by minting a new lot of coins currently available for pre-orders at http://www.silverkeiser.net/

This is exciting. With PLENTY of paper silver being sold by JPMorgan & gang everyday at the COMEX, but with Physical silver supply getting tighter by the day, any effort by these guys to remove more physical silver from the market (one ounce at a time), is good for everyone already holding silver and have exited the fiat money system.

Today, over at the COMEX, silver closed at another 31-year high of $39.54. We now have ONLY 5 days when silver was traded above the current spot price. When this 31-year high of $49.45 is taken out, many expect the price to explode upwards.

18 JAN 1980: $49.45
21 JAN 1980: $49.00
22 JAN 1980: $41.55
24 JAN 1980: $41.50
11 FEB 1980: $40.25

It's interesting to note that everything is happening around the number "47"
(1) It's the atomic number of silver
(2) It's near the all time high
(3) It's near the JPMorgan's share price now ($47.40)

So, if readers here have not converted your paper money into silver money, maybe you should consider doing so. I know many are thinking that it's risky to "invest" in silver now "because the price is high". But, I don't think of holding silver as "Investing" at all. Just think of converting my Ringgit to a stronger currency - like the Canadian, Aussie or Swiss franc, except that gold and silver is the strongest and is the ultimate currency. If I want to invest, I'll invest in gold or silver mining stocks and other assets, but physical gold & silver has to be considered as money and not an investment.

For more reasons to convert paper money to silver (and gold), visit http://politicalmetals.com/why-silver/
For more info on why you should NOT "invest" in gold or silver, visit http://politicalmetals.com/2011/01/19/1/#Gold2010 and http://politicalmetals.com/2011/01/20/inve...or-holding-pms/

This post has been edited by PoliticalMetals: Apr 8 2011, 07:23 AM

Good writeup about Max Kieser

How safe is VIA MAT?

Who operates this vault?

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Added on April 8, 2011, 8:11 amis it a pure storage facility or does it trade silver as well?

This post has been edited by prophetjul: Apr 8 2011, 08:11 AM

Via Mat is one of the largest vault operators and secure transportation businesses on Earth. They operate widely in North and South America, Europe and the Far East. In their home country of Switzerland they dominate the business of physical assets custody and transportation. They are the trusted carrier of Swiss banknotes, as they travel between the central bank and the various branches of the Swiss banking industry. VIA MAT is part of Mat Securitas Express AG, of Switzerland, one of Europe's largest and oldest armoured transport and storage companies, and is a privately held Swiss company.

This is their website VIA MAT INETRNATIONAL

They are purely a secure transportation and storage company. They do not trade silver as a business. However, many, in fact most of the major companies trading and providing storage of gold and silver for corporate & retail customers use VIA MAT as their storage partner. Examples include some of these companies I have reviewed:- GoldMoney, BullionVault and AFE.

PoliticalMetals you're the first Malaysian I've known to follow Max Kieser, group of people that I know are from the States and UK, was drawn in when Silver was still selling at $29 per ounce.

On another note, any new places to buy silver bullion? I've been getting mine from Nubex but it seems they've run out of stock and they only have the local Dirham's.

Apparently there is one in Penang, can't recall the name but their silver are minted locally, looking for well known mints instead.

check my post several back behind. i bought from here

thanks mate

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Added on April 8, 2011, 12:41 pmPhysical silver prices in Msia is sick*. The spread premuims are atrociously high. Those who do not need physical migh as well trade the ETFs

This post has been edited by prophetjul: Apr 8 2011, 12:41 PM

it's touching 39.93 just a moment ago...

Alread hit $40.......

Ya, I was fortunate to be in the loop rather early, when silver was just over $10. Check out the list of dealers here: http://politicalmetals.com/coins/
I prefer to keep a small amount close at hand in the form of coins and small bars, but the balance is better bought and stored overseas in professional vaults. There are no minimums & the prices are way better. You'll be surprised to learn that just the savings from the premiums alone is enough to pay for storage for over 10 years!

Lucky you, I was only in it when it was at $28 a wee bit too late but still a healthy profit at the moment.

Let's all hope with the bailing out request by Portugal and the shutting down of the US Government ( those that are not aware http://www.reuters.com/article/2011/04/07/...E7321P120110407 ) will push the prices up.

Speculation is that when it hits $47 JPM will need a bail out.

Kucingfight, you bought the 1kg bar silver from 1stopgold? Are they genuine, trustworthy and reliable?

yes off course, if not i wont b recommending it

Thanks. I will go and check them out next week. By the way, how do you test if the silver is genuine? Any advice on how to test it?