interesting,. better hold on to your purchase 1st

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Added on July 15, 2011, 9:35 aminvesting vs speculation vs trading.
sometime oso i confuse and get carried away especially when price is stagnant and rapid price movement. completely different emotion. So each time my bet is smaller now.


This post has been edited by GoldChan: Jul 15 2011, 09:35 AM

Today will be interesting for Gold and Silver spot which US broker house regulated under CFTC forced to close after 15/JULY/2011 5PM (US Time) and banned from offering Gold/Silver Margin trading!
On the same time, Gold and silver surged straight for few days, this might hammed both metal down temporary..

Perhaps this is a good news for us which to catch the opportunity at the bottom!!
I Foresee that silver might climb little higher to USD40, but the bull momentum is low while US trader/investor forced to close their position today.

REMEMBER THE NUMBERS..!
On the downside, I advised can looking for BUY/Accumulate entry at USD35-36.55..
take this strong support at USD33.70.

Potential Target USD43.20- 45.35 in the mid of AUGUST 2011
and... my Highest Year Target would be USD67 which i keep this target in view first...
For those wanna play safe, U can start hunt if Silver consolidate above USD40

p/s: I'm a self-trader and experienced in trading for 2years+. I'm not guru or promoting here. I'm pure sharing.. Good luck!

This post has been edited by benedict1213: Jul 15 2011, 10:52 AM

Physical silver vs paper silver. Which is better and why? Thanks

one of the reason to start in investing precious metals was to get away from the fiat paper money and current corrupted banking system. buying physical would means going back to basic where you buy what you see. buy paper silver is buying a future contract on one day you will redeem your silver. also, you traded your paper money to another piece of paper called, contract or passbook. that's back to the banking system style. investing in precious metals idea was really to get out from the old system.

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Added on July 15, 2011, 5:35 pmGreat foresight! I really wonder what would be the effect of banning silver/gold margin trading. PM investment is getting really exciting as each days goes!

This post has been edited by 3think: Jul 15 2011, 05:35 PM

Thanks bro, will check it out,




cheers

Okay, I have RM1K to spend. Should I get bars or coins? Do tell me why. Thanks. Can recommend me someone who sells them at an awesome price. Thanks!

At today's price RM1k not enough for silver bars, unless you buy the 1oz one.

Hmmm, yeah. But the premium is alot but still cheaper than coins cause got tax. So coins?

in my opinion if you want buy silver in Malaysia you should buy silvers that are easily liquidated into cash.
So far the ready market to cash in on your silver is Public Gold.
Although the spread is quite wide, but they are willing to buy your silver when you want to sell to their dealers.
I am not sure whether they will buy any other form of silver asides from Public Silver bars.
But the market for other form of silver is still very small, perhaps only consist of fellow investors in silver.
For gold its different, cos you can convert any form of gold into cash at certain banks all over the country.

Hmmm, I know a few dealers who buy back at 5% spread Anyways, just wanted to get some opinions. I currently have 1gram of Pamp Suisse gold. That's all.

what silver you currently have? i'd seen some of your previous post that you trying to sell some of your silver coins too

Now, I have none Only have 1gram of gold. Planning to diversify Every 5oz. of silver equals to 1g of gold. So when either one crashes, I always have a back up

RM1k to spend? let go have a ride in Marina Bays Casino! who know you might win a car?!
btw.. it's not spend but invest..! Spend mean something that will fly off from your pocket..
Before i answer your question, put aside of investment, do you have managed your financial and emergency fund yet?
besides, you must understand that gold/silver is long term investment due to the premium of bar/coin.. 5-15% spread mean a lot, that why i prefer invest short term through margin trading..and accumulate the $$ from margin trading into 10oz - 1KG bar..
well, there are 2 type of investor..
1. analysis the potential return and percentage. Which will be the good investment and higher yield return.
2. Pure invest, accumulate as preserves the money.

Do bear in mind that, Know what you are doing..
Invest with spare money, do Think and decide wisely..
and do not act by the emotion or desire and fear from rumors "USD will fly 100,200..and on and on...."
INVEST WISELY!

if not....,
as aaronpang said: "just put the money in FD "

Margin trading meaning? Don't have enough budget to buy one shot #10oz.

These are very good points.
i am sure public gold will consider other silver as.......junk silver. So expect maybe 30% haircut?

Thats the reason i invest in gold and not silver.
Silver for me is for numis collection

well, U can pay me a visit at my store :

http://myworld.ebay.com.my/silvermalaysia
can make a 1k budget for u.

@GoldChan : Thought of getting coins You don't have any?
@prophetjul : I prefer silver because it is relatively cheap now. I am going all out to get it below USD40/oz. The rise in silver is also faster than gold.

says like I got RM3k to burn, silver bar shall I go for?

personal opinion, go for coins, buy in tubes cos it's much cheaper that singles. top up a bit on your 3k for 1 eagles tube.

some people including me get carried away with the beauty of the coins so they want to buy all types. i researched everywhere and the conclusion is for savings cum investment get these 3 - maples, eagles and philis - bcos being legal tender and government issued and backed with a face value and cheaper than other coins.

if you want to decorate your house wall then you can get the expensive ones like panda, kookaburra, etc.

silver bars - no idea but i do have scottsdale bars for collection purpose and tend to get one each in the process.

p.s. correct me if i'm wrong, silver bars has a purity of.999 fine silver but it is not government backed and has no legal tender status. this is the reason i go for coins.

This post has been edited by lustman: Jul 16 2011, 11:10 AM

where should I get those coins then?

only through website & internet purchase? no retails?