There is already a seller who is selling at RM 340 for 2oz (i think), but I think he manage to avoid tax so he can really give a good price, but minimum order 20oz. As for 1oz, so far no news from anyone at all, I think it was snapped up by some big time distributor already. dunno how many million oz all gone before launch.

chef

PS My guess is, the final stable price for 2oz should be RM 400 to 480, 1oz should be RM 300 like those panda or limited mintage coins, at current spot price.

This post has been edited by chef: Sep 4 2011, 04:41 PM

If everyone has the money to spent, the premium will remain or even increase over time. But if market crash, silver will only be silver, but I sure hope that day will never come in my life time. because I know, no matter how many bars I keep. it will not keep me alive very long.

chef

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Added on September 5, 2011, 9:54 amAh... so you are the wise man...

your paper portfolio is maintained in malaysia or with some other overseas company like gold money? are they any good?

please do write up a little on these, afterall, this thread is about how to invest in silver, paper or physical. And since you are already doing it, please share the experience.

chef


This post has been edited by chef: Sep 5 2011, 09:54 AM

Yeah, you can only trust the certificate they give to you and the serial number on the bars. PLUS if you buy from 1stopgold, who is the official distributor for PAMP, and if they are willing to promise you they will buy back, you don't have to worry anymore.

But if you are buying from someone else, I don't know. good luck?

chef

I think COMEX price is for futures price, say for example COMEX silver december price is USD 44.50 while the SPOT price is USD 43.50.

Spot price is the current market price. Futures price is when the silver actual delivery in the future, as in December for the above example. So some people speculate the price of silver in december to be higher or lower due to supply and demand.

The futures market was design for miners to hedge their price against lose of value when they actually have the physical silver to sell. Just like those corn, coffee and cotton supply. (am I making it too complicated? sorry..)

Correct me if I'm wrong, all the dai gor or gurus.

chef

Hi,

just give them a call for an appointment, walk in with your id, open an account and you can start to buy.

welcome to the forum.

chef

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Added on September 6, 2011, 9:10 amIf you are based in KL or malaysia in general, well, everyone will tell you 1 oz is more liquid.

Anyway, I'm looking to buy kilobar silver PAMP, anyone selling?? this will be for long term.

chef


This post has been edited by chef: Sep 6 2011, 09:10 AM

Hey guys,

I'm collecting some panda 2011 silver rounds today, if you are interested to buy, please PM me now, I'll see if I can arrange to meet you guys by this thursday near sunway area. leave me your contact, your price and qty if you are buying more than 5. If you are buying only 5, the price is RM 195 each. Thanks.

chef



This post has been edited by chef: Sep 6 2011, 11:43 AM

And some risk if the amount is too big, that the goods will be lost in the mail.

I've heard so far all local courier such as skynet, citylink, pos laju all have lost mail before, even in singapore, recently alot of postman steal credit card and such from mail. so if they mention silver bars and coins on the description with insurance, it's a little risky. Just a friendly warning.

chef

Hey guys,

Perth mint temporarily suspend order for lunar dragon 1/2oz, 2oz and 5oz. Too many orders and not enough production capacity to keep up. Then they are going to fulfill current orders and then start the 1/2oz coins production first.

How crazy are we chinese about the dragon?!?!

chef

Hi Chan,

Don't worry, since you are my first seller and sold to me quite a few bars at good price, I will return the favor. When I have my hands on the lunar dragon, I will bring to you and you give me an offer o.k? Friendly price, for you only...

chef

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Added on September 6, 2011, 3:32 pmI wouldn't call them irresponsible dealers lah, they are only waiting to see what price to sell since it is just launched. Then take out their stock and sell when the price stablized. Can you imagine dealer who buy at USD 100, sell at USD 110 all their stock at one go, and then cannot buy any more stock due to insufficient supply, and stare at the monitor while other people start selling at USD 200 or so? they will be pulling their hair in frustration.

The irresponsible one are those who buy ALOT, as in 1,000 pcs or 5,000 pcs and keep for years. Then those left circulating will slowly increase in price until it's SOOO expensive.

Then us poor collector wait till our neck long long..

chef




This post has been edited by chef: Sep 6 2011, 03:32 PM

Hi yo!!

I'm in JB area, so we can trade and meet easily. And I think william is also in JB area, although some how, I never seemed to be able to meet him, he is always in singapore.

So what do you have on hand? PM me, no promises though. give me your list.

chef

Honestly, I think these bars like sunshine or morgan etc is to be kept as long term investment, they will not have limited edition, so they are like goods to be traded when price is high or low.

But I realized what these bars are for now. I used to think that the 1oz bar was created to be traded only, like cash, coins are really the money, but bars when the world goes into fiat money crisis. But I found some people selling "Home smelting furnace" where even you or I can buy it, bring home, put in the bars and mint our own coins or rounds or sovenier. That's why they are call minting bars. But for PAMP bars, they are more like coins.

In summary, I still like bars, as they are my long term dream to owning GOLD BARS like those in the movies, but just silver. So if I were you, I'll buy bars to keep, for long term, while coins is for immediate to short term trading.

How much are you offered the sunshine bars? and how many pcs per order?

chef

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Added on September 7, 2011, 9:44 amHey guys and gals.

I have the last 5 pcs of PANDA 2011 silver in airtite, anyone interested PM me o.k? I'm bringing it up to KL today so we can deal thursday or friday at sunway area. they are BEAUTIFUL!! I'm keeping quite a few, these are extra. So let me know o.k?

chef

This post has been edited by chef: Sep 7 2011, 09:44 AM

The cushion ring inside I think have many diameter for you to break and remove, so if you buy a generic airtite, you should be able to fit some of the ring by removing the correct diameter. But i suggest that you buy airtite specifically for the coins you have. ask the seller and I'm sure they will know which one you need.

But if you are in a situation like me, I have 2 of these coin and 5 of that coin, then headache!!

chef

Wow, this is crazy huh?

But I guess this dragon is driving everyone crazy, even the 2oz currently has stop production, by the time they resume, all those with dragon would have made their money.

Lucky SGSKY, got his dragon already, I'm still waiting for mine

Good luck guys, don't think we can get anymore cheap dragon for the next few month, and if the silver price goes up, makes it even more expensive.

chef

Not only that,

include lilian too type of feng shui people who buy these and stock up for chinese new year, the price will be high till after chinese new year. Aiyoh...

So anyone fancy a guess or make an offer here, how much are you willing to pay for the 2oz dragon, 5oz and 10oz?

chef

Hey cruzzie, bassist,

Aiyah, no chance to meet you two together, too bad I'm in KL coming back to try to meet cruzzie, if chance allow, maybe we end up at the same toll (batu pahat exit) on friday and we have can a quick kopi. I have with me some bars and coins to show..

PAMP 1oz
Canadian Maple
Panda 2011
Koala
Grizzly 2011

some I'm exchanging with cruzzie as promised, some I just bought, and those that I have spare, I can sell if either of you want.

Cruzzie, you want a few more panda??

chef

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Added on September 8, 2011, 7:00 pmHey SGSKY, cool down...

There are always people trying their luck, don't get upset lah. Anyway, I suggest you keep your dragon for a few month or put it up at ebay. If you can insert your item into australia ebay, you'd be selling at AUD 150!!

Anyway, once I clear some of my silver stock, I will buy one tube of eagles from you together with the other forumner (you know who)

chef



This post has been edited by chef: Sep 8 2011, 07:00 PM

You forgot to mention the aussie.

They are the one who started this, and they are the one who limit the mintage (too stupid to provide unlimited mintage)

But as someone mentioned to me, the aussie do business unlike we chinese, so they don't see opportunity to make more, they just want to control the supply and keep up their name. which in a sense, another way to do business.

Anyway, tell your friends if he want more supply, feel free to buy from here, there's quite a few of us having a few pieces in hand to sell.

chef

Personally, I don't think so lah,

as mentioned, the aussie don't think like chinese. If this is sold by china mint, wah I tell you, anything can happen, they may even sell fakes or mint 1/4oz or 1/10oz just for more profit.

That's why they don't like us chinese downunder.

chef

I suspect the china dealer are the one holding it, waiting for the chinese new year to release the sales at exorbitant price to their own country people, now the china chinese are filthy rich.

chef

Hey, don't be too worried,

Aussie ship out the goods slowly, and their tracking number using the pos laju will not appear until the item reach malaysia and maybe even your house, then it will appear on the website. You must have patient.

Aussie don't like asian lah, especially we want things fast and we always hurry them, but we give them a lot of business, so they very upset but still must do business with us.

So give them about 3 weeks, they are using the cheap post so it will take some time to appear.

chef

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Added on September 9, 2011, 4:15 pmYeah, I think so too.

Those who want the 1oz coin FAST, you must be willing to pay for it lah, don't keep looking for cheap offer sold by unknown people, but if you are not willing to pay premium for the 1oz dragon, then like SGSKY say, wait for a few month when the supply reached the US and UK, then they release for sale, and you an get it at low premium than now lah.

So cool it... wait a while, then look for it again. Else be prepared to use more money to buy o.k?

chef



This post has been edited by chef: Sep 9 2011, 04:15 PM

Hi mingophoria,

I suggest that you try to get the 1oz dragon. if not, then forget about the dragon, go for the normal silver bar or coin, if your intention is to get into silver. Any other size of the dragon are not really worth the headache over.

chef