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 how to invest silver in malaysia

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SGKSY
post Sep 25 2011, 09:40 PM

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want to sell 35 pcs dragon at ONCE at 346 per pc. COD in JB tomorrow, anyone interested ?
SGKSY
post Sep 25 2011, 09:54 PM

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QUOTE(basSist @ Sep 25 2011, 09:53 PM)
woah~ 1oz?
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not is 2oz. 1oz 500 i also not sell.


Added on September 25, 2011, 9:58 pm
QUOTE(basSist @ Sep 25 2011, 09:53 PM)
woah~ 1oz?
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haha, if you are interested, give you 110 discount on total amount.

If spot rate rebound next week, 346 is damm low, haha.




p/s: if nobody wants to take all, i will sell in loose pcs on next saturday.

This post has been edited by SGKSY: Sep 25 2011, 10:00 PM
SGKSY
post Sep 26 2011, 04:35 PM

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QUOTE(magpie9 @ Sep 26 2011, 04:19 PM)
lol ...

buying if it drop every USD3 to average up ... is that a good idea ?
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my plan is to buy if it drops every 5 dollar. i bought a bit at yesterday. will only buy more if the price drops to 25. buy even more when the price drops to 20.
SGKSY
post Sep 26 2011, 08:55 PM

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hi, i found that it is very difficult to sell all 35 pcs 2oz dragon at once. then i decided to sell them in multiple of 5. Minimum purchase is 5 pcs.

If cod in jb, the price is rm350 per pc.
If cod in other place, the price is rm360 per pc.
if you ask me to post via poslaju and willing to take the full risk, then the price is rm 351. I paid the postage.

Interested ppl, please pm me.

p/s no further discount. If buy less than 5pcs, can only post via pos laju.

I personally think that if the price stay at USD25-35 and the dealer never reduce the price of 1oz dragon, the demand of 2oz dragon will be huge and the premium demanded by perth mint will be increased as well. Perhaps, Perth Mint can't meet the demand also.

This is a great chance to buy the hot item at this cheaper price. The pre-order price of malaysia seller is RM369 and don't even have stock now. I got ready stock. Buy now or miss the chance. If the spot rate go down to 20, I will not sell these coins anymore as I will hard to buy other silver products to replace my holdings. If the price rebounds above 40, I will not never sell as well as the spot rate might skyrocket soon.

This post has been edited by SGKSY: Sep 26 2011, 10:29 PM
SGKSY
post Sep 26 2011, 10:59 PM

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QUOTE(abusyahmi @ Sep 26 2011, 10:56 PM)
Hi Just wondering is it possible the silver market will be hit as 2008..could anybody comment on this possibility?
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ask yourself, why you buy physical silver, is anything changed? if not, just buy in dip. drop to $5 even better. buy without fear.
SGKSY
post Sep 27 2011, 12:39 PM

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what do you all think the reasonable price (including tax) of 1oz dragon in Malaysia if the selling price oversea is USD99.99?
SGKSY
post Sep 27 2011, 12:44 PM

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QUOTE(Nidz @ Sep 27 2011, 12:41 PM)
i would pay for rm360-380 sweat.gif
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your price may be lower than the cost to bring the coin into Malaysia, haha.
SGKSY
post Sep 27 2011, 12:51 PM

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QUOTE(razman2050 @ Sep 27 2011, 12:43 PM)
wow!!! as expensive as the 2oz....
willing buyer, willing seller smile.gif
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that'why i said 2oz will be very hot. cos 1/2 costs around 120, 4*1/2 oz = 2oz = rm 480.
1oz is the most expensive one.

the price of 2oz is still reasonable. i still got 10 pcs available. if not people wants this week, then i might not sell next week.
SGKSY
post Sep 27 2011, 12:58 PM

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QUOTE(Nidz @ Sep 27 2011, 12:56 PM)
1oz silver only got 300,000 pieces in market. very high demand, but very limited mints.
other coins are unlimited, but currently the Perth Mint are suspending their production due to overwhelming demand which they cant cope.
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if the price stay at this 25-35 level, the demand will be even more. perth mint might increase the premium further.
SGKSY
post Sep 27 2011, 01:37 PM

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QUOTE(getsmart @ Sep 27 2011, 01:19 PM)
I see your point. Dunno why they want to avoid your calls. As long as got buyer who willing to pay, who don't want to sell?
Maybe they should think of better business strategy.


Added on September 27, 2011, 1:20 pm
I though perth mint sold out 1oz dragon. How they going to increase premium?
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i mean 2oz, not 1 oz
SGKSY
post Sep 27 2011, 01:53 PM

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QUOTE(prophetjul @ Sep 27 2011, 01:41 PM)
The Perth mint cannot put high premiums over the dragons as they are considered bullions.

The high premiums are only found in the limited proofs and collectibles
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the 2oz i bought is USD18 premium over the spot rate. The dealer said it was because perth mint increased the premium. but perthmintbullion still sell at same premium.
Not only one dealer said so.


SGKSY
post Sep 27 2011, 02:28 PM

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QUOTE(prophetjul @ Sep 27 2011, 02:02 PM)
Do you mean for the 2 oz you are paying USD18 over spot or over 2 ozs, ie USD9 over spot?

i think the mint is shwoing USD9 over spot...

still thats pretty high for a bullion.............

http://www.perthmintbullion.com/Buy-Silver-Coins.aspx
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when i first saw the 2oz dragon, the premium was around usd 4-5 per oz.
now is usd 9 per oz, usd 18 for 2oz loh.

kook or koala only USD4-5 only.

that's why i said perth mint might increase the premium of dragon if they can't meet the demand.

This post has been edited by SGKSY: Sep 27 2011, 02:32 PM
SGKSY
post Sep 27 2011, 02:47 PM

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QUOTE(prophetjul @ Sep 27 2011, 02:42 PM)
Thing is they dont state whether its koala or draagon.
They just state the price of silver bullion.
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if you have bought it before, then you know biggrin.gif
SGKSY
post Sep 28 2011, 11:49 PM

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QUOTE(Nidz @ Sep 28 2011, 11:47 PM)
wah, your collections make me go doh.gif
anyway, im not sure yet whether can get from him or not.
not enough buyer now.
if got, then i'll let u know. thumbup.gif
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nidz, you have one more day. If not , next time loh. but the price may vary, hehe.
SGKSY
post Sep 29 2011, 08:53 AM

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QUOTE(chef @ Sep 29 2011, 08:06 AM)
Yeah, there's no limit to the purchase by some of the dealers. I think it's because they just got their shipment, if some dealer here order, wait 2 weeks for minting and delivery we should start getting the 1oz dragon offer by mid october. I believe the source is accurate, deal with him before. Anyway we already in no hurry to buy yet, until everyone is out of stocks. Then we should panic! smile.gif

chef


Added on September 29, 2011, 8:09 am

hey chunyen

Wow your silver bullet shoot only at the rarest female dracula!! ha ha.... beautiful and rare.

I guess you are the real collector, which i hope someday i will be one.

chef


Added on September 29, 2011, 8:14 amHey guys, price is falling below USD 30 now, I think it will go for USD 26 again this 2 days, maybe even today, get ready your final silver bullet for the final showdown!! ALL SILVER PRICE (except dragon and older coins) are gonna drop!! so aim and squeeze...

chef

At the time of posting, spot is at USD 29.12
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i also waiting ppl to sell, when they start selling, i will sell part of mine to beat the market. Once they sold out their stock, then i start selling expensive in 2012. hehe, i am bad.


Added on September 29, 2011, 8:56 am
QUOTE(marcusboy @ Sep 28 2011, 10:02 PM)
Need advice from all you sighs. Do you think it is worth investing in 1 kg silver dragon since it is close to impossible to buy the 1 oz. What do you think is a good price for the 1 kg dragon?

I bought 1 oz maple that comes in a plastic sheet like those gold coins. Is it ok to keep them like that?

Thanks for the advice.
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don't buy 1kg dragon, that one follow spot rate, some more unlimited mintage. if it is limited mintage can buy. 1kg , hard to sell, you know. unless you buy at the bottom.
If you buy 1kg when spot rate 40, i think you would be panic now. i bought 2oz and 1oz , selling cheap now still earn some thin profit.

This post has been edited by SGKSY: Sep 29 2011, 08:56 AM
SGKSY
post Sep 29 2011, 09:43 AM

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QUOTE(prophetjul @ Sep 29 2011, 09:30 AM)
Hes screwd me. But managed to get refunded by ebay.
So i am gonna post his ebay name and his website here as a warning

Although he shows a high positive, its seems at times he doesnt ship. Presumably after sales,
the prices went up as in the case of the 2012 silver dragons
Goes by the ebay nick of perthbullion.
Hie website is www.bullionbourse.com

http://myworld.ebay.com/perthbullion&ssPag...984.m1543.l2533

A FRAUDSTER!

____________________________________________________________________________________________

Good news

My 2012 1 oz silver proof Dragon arrived just now.
i managed after haggling with the Perth mint to get a 2012 1 oz silver proof Dragon
At first their system did not receive my order althogh there was confirmation
Made a complain and they managed to find me ONE!  rclxms.gif

VERY good PERTH mint!  thumbup.gif

user posted image
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proof one , too expensive in secondary market. i can't afford to buy one.
SGKSY
post Sep 29 2011, 10:00 AM

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QUOTE(prophetjul @ Sep 29 2011, 09:57 AM)
Thats why i am VERY happy....i thought the mint system screwed me.
But then they managed to find me one.....at AUD102!    biggrin.gif

ebay selling at $450 average


Added on September 29, 2011, 9:58 am
Sold OUT within one hour.........  you can only purchase it in the secondary mkt.
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aiya, i don't have perthmint bullion account. prophetjul, what documents you submit for identity verification and who certified for you?
SGKSY
post Sep 29 2011, 10:37 AM

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QUOTE(chef @ Sep 29 2011, 10:16 AM)
Hey who says so? I think many people are still looking to buy, maybe if you can list out what you have for sale here, including the price, I'm sure there will be respond.

chef

As for leasing back to you, how it works huh? We pass you the silver, you sell, then you pay us back? or we pass to you, you buy from us and sell when you want?
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this is the strategy i am using now. i sell cheap and hope to sell fast. then buy some personal stock, actually, i do not make a loss. but my profit margin is very thin.
SGKSY
post Sep 29 2011, 11:20 AM

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QUOTE(Nidz @ Sep 29 2011, 11:13 AM)
thin margin plus high volume can result in huge profits. thumbup.gif
i also just started to be a trader, but some of my costs are abit high during the 40-42/oz region...
if sell now, make a loss liao. need to wait for market to recover.
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sell in loss, nvm, but your price must be higher than the average cost of replacement. You have to sell fast and take the money to order from oversea immediately. GoldChan would agree with this, i guess, haha.
SGKSY
post Sep 29 2011, 12:47 PM

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QUOTE(chef @ Sep 29 2011, 12:35 PM)
Ha ha, I'm oversea supplier, I'm from over the sea, supply somehow is no problem for now.

chef
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haha, you get your supply from singapore ?

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