i agree with the first 3 points, but not the last one..
my version
d) if it fails, change ur portfolio

Prophetjul, you must be damn lucky.

For me if it's not much difference, I would not want to take the hassle for all this tax stuff. I bought a couple of site from australia and also US in year 2009 until 2011, one of it is from www.kitcosilver.com and 99% of the time caught for the tax. Not to forget you need to do the bank wire which also incur extra charges.

Silver investment in Malaysia is really tough unless you buy bars which is free from tax.

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Added on July 11, 2011, 3:49 pmkekeke ... good one !

This post has been edited by silverfreak: Jul 11 2011, 03:49 PM

i managed to get the eagles at $2900 from malaysia without going through all the "hassle" and worrying and enjoyed a cup of teh tarik during the transaction.

i'd say it all depends on one's priority and comfort zone

When i buy silver from overseas, its more for the numis value, ie a collection rather than pure bullions.
Maybe thats why they dont attract tax duties.
i dont 'invest' in silver bullions. i believe when the cr*p starts to happen in the financial world,
silver will be viewed as a commodity whereas gold will be a safe haven Currency.

i do however, invest in papaer silver for trading purposes....

Plus the fact, gold shines brighter than silver!

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Added on July 12, 2011, 7:26 amIf you can get it cheaper in Malaysia, then do that by all means.
Care to share where you got that?

This post has been edited by prophetjul: Jul 12 2011, 07:26 AM

Hey guys, just put my first order in with www.scottsdalesilver.com for 5 (5oz) prey bars and 5 (10oz) stackers.

The stacking is beginning.... I will post pictures as soon as I get them, can't wait!

Fang

i managed to get 10 pieces of scottsdale 1oz for $1400 here locally. I've check the scottsdale website today at US$392.99 excluding shipping. Looks like not much difference but I get it on the same day (COD),. Yes, it's still up to individual liking of getting the silver.

BTW what's the postage?

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Added on July 12, 2011, 9:57 ami bought them when the spot was below $34. now i may not get that price unless the spot comes down again.

This post has been edited by lustman: Jul 12 2011, 09:57 AM

for me I think silver is more valuable. Let see few years down the road, who is right.
it's just too much industrial usage. Unless, all the industry just stop.

Ah......i am refering to the present price ler.........

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Added on July 12, 2011, 11:15 ami wrote this




Depends what you mean by "value".

As a currency or commodity..........

i am refering to a currency value.

This post has been edited by prophetjul: Jul 12 2011, 11:15 AM

I need to check the AWB for the code used by Fedex, when I get back home.

The description was commemorative coins if I recall.

1980 gold/silver ratio = 16
Last year gold/silver ratio ~ 65
This year gold/silver ratio ~ 44
Next year gold/silver ratio ~ ?

Silver is outpacing gold throughout this bull market.
I'm buying physical silver now and changing it to gold down the road.
I'm looking at it as buying 'cheap gold'

IMHO

I suppose the ratio will stay within 36 - 40 next year

My way is cost averaging every month. I do not buy lots of tube at one go... i accumulate slowly as I believe silver is long term investment

Yesterday and today has dropped a lot. Probably is a good time to shop again!

true. potential will go up to USD36-40 soon!

hey there, i have 6 pieces of 1oz Sunshine Silver Bar to let go.

want sell for RM139 per piece. PM me if u want to buy

tq

The exact code used is 8306.29.990 Import Rate 5% and Sales Tax 10%

If you want I can post a picture of the AWB

Please don't false declare because there will be hefty fines, if customs "lepaskan" you're OK otherwise just pay the money

Normally the supplier or wholesaler will have the codes. I don't think you're able to request them to use another code.

Silver seems like back to uptrend today. Gold price is going to pull it up for sure.

I'm waiting for it to go USD100/oz in 5 years time Pray hard ... lol

The codes are online http://tariff.customs.gov.my/ you can tell the shipper what to declare.

Sometimes shippers use the wrong code and you get taxed unnecessarily

agree with you. Some shippers just simply filled in

Silver price is shooting up again ... hopefully this time can go stable !!

just watch out for rapid price movement from now on.

Hitting USD 50/oz this time ??

I think doing monthly averaging is still the safest way looking at the price volatility

Hi everyone,
you may wonder where can you buy silver in malaysia. Now, it's available here. I hope you can enjoy investing in silver and find the right dealer in malaysia.!

visit the store.

http://myworld.ebay.com.my/inthedark957