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 how to invest silver in malaysia

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kucingfight
post Apr 9 2011, 12:53 AM

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QUOTE(chrischin @ Apr 8 2011, 11:58 PM)
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?
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call them up first, to set up an appointment. the ones being sold by them are PAMPs, one of the recognized mints. comes with certificate, i guess it's more than sufficient to prove it
8181
post Apr 9 2011, 04:57 PM

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It comes with a serial number as well which you can cross check with PAMP if in doubt.


chrischin
post Apr 10 2011, 11:06 AM

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QUOTE(8181 @ Apr 9 2011, 04:57 PM)
It comes with a serial number as well which you can cross check with PAMP if in doubt.
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Ok, will make sure i view the certificate and cross check with PAMP website. Thanks guys!
GoldChan
post Apr 11 2011, 09:56 AM

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Well, some of my great grandfather comes to Malaysia and send back all their money to China and rebuilt their home there.
Their children only to stay in malaysia for the rest of their life. What happen to our real estate in China, nobody knows, and nobody bothers cause it just too complicated to proof it.

You should store it near the place where you going to settle down. Within this 1-3 year you have to decide where you have to settle down, whether it is here or elsewhere. australia , new zealand may be a good choice for some. I just can't see where else can you go.

What government do?
You can see in US and Europe, where taxes is high in promise of all benefit like free education, health care, old people entitlement, yet today it is totally screw up. What happen to their collected tax? That is their own people $$. what will happen to others people money $$$ stored in their country? Easiest way to rob is to impose tax lah.

So look for trustable country lah if you decided on these.


If I can execute, here will be some plans for those who decided to stay in M;sia.
a) Store some PM in Certis SG. Pay the GST it still worth while to do so now. In case something screw up here , you can always take a train down there to cash out some PM.

b) Store some PM in Hong Kong. (take delivery latest by 2016 - 2020)

The rest of the countries in VIA MAT international list, I won;t even consider because in 5-10 yrs time, there won;t be much oil for you to go there or to transport the gold back to you. If there is it going to be very2 expensive.



QUOTE(PoliticalMetals @ Apr 8 2011, 08:34 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.
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This post has been edited by GoldChan: Apr 15 2011, 08:49 AM
pubmut
post Apr 11 2011, 10:20 AM

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Hi PoliticalMetals

Good to have some comparisons about unallocated storage costs etc. with the three PM storage facilities/bullion trader.

I think you may have missed one other major factor that makes GoldMoney preferred - that is, GoldMoney is also preferred by other bullion dealers such as Kitco.

Regards


Added on April 11, 2011, 10:34 amGoldchan

You're thinking physicals all the time but I think that it would be too cumbersome. China had traded in physicals for a very long time before going to currencies backed by gold/silver.

Looking ahead into the future, we will still be looking at printed paper or digital funds linked to our accounts (think credits used in the comic series AD2000, if anyone can remember that).

Remember that VIA Mat storage used by GoldMoney isn't always delivered in physicals, but also as currencies when needed (can't say about Bullionvault or AFE as I didn't research them).

The present stable currencies subsequent to the demise of the US would be Canada, Australia, China and Singapore (surprise?), so, it would still be useful to have paper on you.

Most importantly, I'd like to stress that everyone who has read threads related to PMs - STOCK UP ON FOOD ITEMS!

It's all nice and good to look at PMs and that you've made 1000% out of it when it was $x way back when, but really - YOU CAN"T EAT IT.

Lastly, all the profits made from PMs aren't to be kept forever because there will be a time when it is revalued and you don't want to be there when it is because it will be too late (think Buy Low, Sell High).

The use of PMs to move from one asset class to the next is where you become very very wealthy, not by holding on to them glittery metals.

Regards

This post has been edited by pubmut: Apr 11 2011, 10:34 AM
connectkey
post Apr 11 2011, 12:26 PM

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Hi anyone is currently trading paper silver like public bank's gold with PASSBOOK? can share which platform you are using to trade (prefer company with strong background or backed by bank negara)



This post has been edited by connectkey: Apr 16 2011, 06:50 PM
prophetjul
post Apr 11 2011, 12:40 PM

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QUOTE(connectkey @ Apr 11 2011, 12:26 PM)

Silver ETF available in US stock market? I notice some silver etf, but its not on US market. List down US market silver etf please.
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Theres a thing called google nowadays..... nod.gif

http://www.google.com.my/search?q=silver+e...RDcitrAeGmJWNAw

But since you are so lazy....ok

SLV - iShares Silver Trust
AGQ - ProShares Ultra Silver
SIL - Global X Silver Miners ETF
PSLV - Sprott Physical Silver Trust ET
.
ALL in U.S mkts... DYODD.....this is NOT a call to buy or sell * whistling.gif
connectkey
post Apr 11 2011, 10:30 PM

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another 1
USV- E-TRACS CMCI Silver ETN
ZSL-proshare ultrashot....
DBS
all with weird name
penangmee
post Apr 12 2011, 12:00 AM

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QUOTE(PoliticalMetals @ Apr 5 2011, 01:01 PM)
Hi, Just a little clarification, so that there are no misunderstandings smile.gif

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 dBailment Explained

Cheers!

PM
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Just a thought on physical storage. If something like tsunami occurs at the site then all gone. On the other hand if using paper silver/bullion then as long as the bank/co exist you can always make a claim from anywhere in the world. This thought occurred to me seeing the reports of large quantity of cash in locked safes turned by searchers in Japan.
pubmut
post Apr 12 2011, 10:54 AM

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Penangmee

As long as the safes are locked, it is up to the (surviving) owners to collect them since they are the only ones who have the combination to them.

Note that the Japanese are a much more disciplined people compared to the rest of the world, and I mean the rest of the world.

Have you heard any news about rioting, looting etc.? No? Well, I rest my case.

Ponder over this: Paper bullion can be erased by a single keystroke from an itchy/curious finger from anywhere around the world. At least the physicals can still be polished be used while the paper ones will essentially disintegrate (physically and electronically).
chrischin
post Apr 12 2011, 05:34 PM

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QUOTE(chrischin @ Apr 10 2011, 11:06 AM)
Ok, will make sure i view the certificate and cross check with PAMP website. Thanks guys!
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I went to their office and looked at their bars.

The silver bar is has a serial number and comes with a paper certificate. However, checked with the manager and was told i could not cross check the serial number on PAMP website.

Personally, i do not know this dealer at all and how reputable they are.

I wonder how do one determine if the bar is really genuine for a newbie like me. icon_question.gif
GoldChan
post Apr 13 2011, 10:15 AM

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QUOTE(chrischin @ Apr 12 2011, 05:34 PM)
I went to their office and looked at their bars.

The silver bar is has a serial number and comes with a paper certificate. However, checked with the manager and was told i could not cross check the serial number on PAMP website.

Personally, i do not know this dealer at all and how reputable they are.

I wonder how do one determine if the bar is really genuine for a newbie like me.  icon_question.gif
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pamp genuine one lah. Have not seen a fake one. Don;t chicken lah. If price is right buy lah.
prophetjul
post Apr 13 2011, 11:25 AM

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Never say never.........

http://about.ag/LeadFilled100OunceBars.htm

user posted image

user posted image

The popular Chnese silver pandas are probably the most fakes around! nod.gif
tan888
post Apr 14 2011, 04:00 PM

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where can i get 1kg silver bar X 5 from aussie/us? got any dealer in Malaysia?

Thanks in advance. smile.gif
kucingfight
post Apr 14 2011, 04:43 PM

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QUOTE(tan888 @ Apr 14 2011, 04:00 PM)
where can i get 1kg silver bar X 5 from aussie/us? got any dealer in Malaysia?

Thanks in advance. smile.gif
*
Just get from local. i already tried getting overseas b4. cost is about the same, + insurance + shipping
farisaiman
post Apr 14 2011, 05:00 PM

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letting go my 1oz Pamp Suisse lady fortuna silver bar...pm me for offer
GoldChan
post Apr 15 2011, 08:40 AM

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well, only a few version of 100 oz engelhard is found to be fake. That why, one should not buy big bars only small bar.
never heard of fake pamp b4.
Chinese panda yes a lot of fake. U got to be careful.
Fake sometime is fun, it really distinguish the expert and novice.

QUOTE(prophetjul @ Apr 13 2011, 11:25 AM)
Never say never.........

http://about.ag/LeadFilled100OunceBars.htm

user posted image

user posted image

The popular Chnese silver pandas are probably the most fakes around!   nod.gif
*

Added on April 15, 2011, 8:48 am
QUOTE(kucingfight @ Apr 14 2011, 04:43 PM)
Just get from local. i already tried getting overseas b4. cost is about the same, + insurance + shipping
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Well, MKS is a PAMP dealer, if U get from Oversea they also PAMP dealer.
Thus you may as well get it from MKS. as cost will be cheaper.

How to become MKS dealer, this one I 'm not sure. Maybe some of you can enlighten me on this.
I think over time only 2-3 MKS dealer will be around due to price war.
will write more in my blog later as I have more content over the content .



This post has been edited by GoldChan: Apr 15 2011, 08:48 AM
kstai
post Apr 17 2011, 05:45 PM

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I am new here. Just to follow up on previous question on how to invest in Silver. I have been accumulating silver using GoldMoney for the last 12 months and I find them very good.

Your silver and gold is stored for you and you have 100% ownership.


chanti-sama
post Apr 20 2011, 07:30 PM

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Hi all....

I am interested in putting my money in paper silver. any advice on where i can start it in malaysia?
Thinking of monthly buying like GIA(gold only)

thanks.
kucingfight
post Apr 20 2011, 08:35 PM

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QUOTE(chanti-sama @ Apr 20 2011, 07:30 PM)
Hi all....

I am interested in putting my money in paper silver. any advice on where i can start it in malaysia?
Thinking of monthly buying like GIA(gold only)

thanks.
*
nope, currently there are no companies/banks tat offer paper silver. u hav to go physical

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