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 how to invest silver in malaysia

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prophetjul
post Sep 6 2011, 11:01 AM

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QUOTE(Nidz @ Sep 6 2011, 10:51 AM)
no i dont have the wolf and grizzly... hard to find nowadays...
now waiting for lunar dragon and 2012 series from perth mint. sweat.gif
*
Cept for the proof versions which some are already sold out, you CANNOT buy the bullion versions
from the mint unless you are an aussie.......... sad.gif
prophetjul
post Sep 6 2011, 11:42 AM

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QUOTE(Nidz @ Sep 6 2011, 11:05 AM)
i dunt really know, but a local dealer offered me 2 oz lunar dragon.
he said his shipment is arriving next week. so im waiting for that. cool2.gif
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What i meant was individuals cannot but them direct from the mint.
He may have gotten them from others if he is not an appointed dealer fo the mint.


Added on September 6, 2011, 11:43 am
QUOTE(Nidz @ Sep 6 2011, 11:25 AM)
u buy from perth mint directly?
to register with them need to post them our certified identification documents?
*
No.
We cannot even register for bullions. Only aussie are allowed! mad.gif
For proof coins, its ok. These are considered numis.

This post has been edited by prophetjul: Sep 6 2011, 11:44 AM
prophetjul
post Sep 6 2011, 01:28 PM

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Prices on ebay for 2000 dragons

Gold

Proof: Set of 3 = $5,000 (i own) Limited mintage 2,830 sets sold

Bullion : 10 oz = Not seen
2oz = $4800
1 oz = $2400 ( i own)

Silver

Proof: Set of 3 = $2800 Limited mintage 1,000 sets
1 oz = $200 Limited mintage 5,000 coins

Bullion : 10 oz = $950 (iown)
2 oz = $230 (iown)
1 oz = $170 (iown)
Set of twelve 1 oz animals = $1150 (iown)
Set of twelve 2 oz animals = $2400 (iown)

thumbup.gif






prophetjul
post Sep 6 2011, 01:49 PM

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QUOTE(Nidz @ Sep 6 2011, 01:40 PM)
waa.... u sure buy alot. thumbup.gif
im buying slowly, not enough bullets... sweat.gif
*
Bought them a while back for collection. Proved to be pretty good investment.
i buy silver coins mainly for numis puproses.

Bought the lunar set silver of 12- 1oz animal coins at $365, 3 years ago, now selling at $1150- not bad
prophetjul
post Sep 6 2011, 02:39 PM

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QUOTE(spikyz @ Sep 6 2011, 02:16 PM)
wah... lucky. for beginner like me, is qutie hard to collect all. but im interested to buy d lunar dragon.

just book from a local seller here. 2oz only. is there any chance we can get 1oz here in malaysia?
*
Not sure in Msia.
Even the dealers in US are not selling yet.
Maybe they are hogging them for higher prices! mad.gif
prophetjul
post Sep 6 2011, 03:12 PM

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QUOTE(GoldChan @ Sep 6 2011, 03:06 PM)
aiyah, I was late again lah. I thought I still can order one when it is launch. Look like everything is gone.
I wonder how high the price can go since it already quite high already.
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The proof silver coins went within the hour!
The mint website was down intermittent.
Even when i had composed my order, i could NOT submit for 15 mins.......almost gave up.
Then the confirmation came through.............. sweat.gif


Added on September 6, 2011, 3:18 pmOne for sale here............. smile.gif

http://www.ebay.com.au/itm/KILO-5-COIN-SET...=item27be0fa493

This post has been edited by prophetjul: Sep 6 2011, 03:18 PM
prophetjul
post Sep 7 2011, 10:43 PM

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QUOTE(SGKSY @ Sep 7 2011, 10:07 PM)
I want to sell 1 tube of ASE at RM3200.

have 50 pcs of 2oz lunar dragon open for sale. I am not sure what is the current market rate. If interested, please PM me your offer price. If too low and no profit to sell it, I reserve the rights to refuse the offer.

COD at JB only. Thank you.
*
What year dragon is that?
prophetjul
post Sep 7 2011, 10:49 PM

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QUOTE(SGKSY @ Sep 7 2011, 10:45 PM)


2012
*
Are those perth mint silver coins?

If so, are those in your hands?

Thats pretty fast considering the mint is still sorting out their shipping...........
prophetjul
post Sep 7 2011, 10:58 PM

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Ordered my lunar dragons form oz dealer last week, still not arrived yet............how do you get yours that fast?
prophetjul
post Sep 7 2011, 11:02 PM

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QUOTE(SGKSY @ Sep 7 2011, 10:59 PM)
ya, perth mint. got it on monday, but now in safety deposit bank in bank.
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you ordered from perth mint or dealer?
prophetjul
post Sep 8 2011, 07:24 AM

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QUOTE(SGKSY @ Sep 7 2011, 11:34 PM)
let me think about the price tmr.

At current high demand, i dont think the spot rate affect the dragon coins so much. The 1oz one is selling at more than RM 300 per piece at ebay and the price of 2oz is also increasing accordingly. The mint has stopped the pre-order and don't know when it will resume the pre-order. even it resumes, they will focus on 1/2 oz. Perhaps, the mint may resume the pre-order soon but the spot rate will likely to increase in sept onwards, who knows ?  As i mentioned in previous post, i no hurry to sell. if nobody offers, i can keep it for long term.  
i prefer to use the private courier, like citylink. but heard many loss cases recently. i don't want to take any risk, if buyer requests and willing to take risk , i dont mind to offer postal delivery.
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1 oz for Rm300 is just plain crazy.......its a new coin.

Even though the 1 oz silver has limited 300,000 mintage, at this stage for Rm300 is plain crazy.
The 2 oz is unlimited mintage........


Added on September 8, 2011, 8:20 ami managed to place in an order these coins at the Perth mint albeit with much difficulty

a) 1 oz 2012 lunar dragon silver proof coin- mintage 5,000 coins. Yr 2000 selling at $350
b) 3 coin set 2012 lunar dragon silver proof coins - mintage 1,000 sets Yr 2000 selling at $3000


Fingers x-ed they will allow me to purchase the two items! smile.gif


user posted image



user posted image

This post has been edited by prophetjul: Sep 8 2011, 08:20 AM
prophetjul
post Sep 8 2011, 09:18 AM

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QUOTE(SGKSY @ Sep 8 2011, 08:37 AM)
Ya, rm300 is a bit crazy, but it is worth for those want to collect the whole set of series 2. I dont see the reason that will make the price drop unless the spot rate drop the 30usd or 20USD. The potential of going higher is huge.

Ya, 2oz is unlimited, but considered high premium demanded by perth mint (USD18 or 9 per oz), even higher than the chinese silver panda. If chinese silver can be sold at rm 190-195 per oz at current spot rate in Malaysia, i think RM400 for 2oz perth mint lunar dragon is a fair price. If someone selling at 355, i will say he is too desperate to sell it.

the year 2012 1oz proof coins is selling at more than RM300 by the mint. The year 2000 one will only be higher. Last time, not too long ago, the year 2000 1oz (bullion coin) was sold at USD16X at ebay.

hope you are able to get these 2 item. be prepared to pay double or triple of original price. haha.
*
i guess its the whole china wanting a piece of the dragon and the mint's is fleecing.......
problem we unless you are an aussie or appointed dealer, you cant order them

Right now, NONE of the dealers are selling the 1 oz bullions. i guess they are trying to hog them till later.

As for the proof coins, they were sold out within one and half hours.
i had lots of trouble getting onto the website. it was hanging a few times!
Eventually i was able to conclude the purchase sweat.gif
So i am paying the mint prices the 1 oz proof at AUD102 and 3 coin proof set at AUD363
i hope someone will pay me 3 times these prices!

i am just hoping they will not reduce my purchases to ONE..... sweat.gif
prophetjul
post Sep 8 2011, 09:29 AM

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QUOTE(SGKSY @ Sep 8 2011, 09:25 AM)
triple ? you are too conservative. congratulations ! the 1oz is selling at 479aud. your one is proof coin, USD1000 also not problem lah, just to wait.

hope us earn big big.
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thumbup.gif

Someone trying to sell at AUD999........... biggrin.gif

http://www.ebay.com.au/itm/2012-Perth-Mint...=item2c5f181ee9


Added on September 8, 2011, 9:33 amYr 2000 1 oz dragon silver proof bidding at AUD405

http://www.ebay.com/itm/260848616770?ssPag...984.m1438.l2649

This post has been edited by prophetjul: Sep 8 2011, 09:33 AM
prophetjul
post Sep 8 2011, 10:01 AM

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QUOTE(chef @ Sep 8 2011, 09:51 AM)
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 sad.gif

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
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They have suspended production, The mint underestimated the sellout time of the dragon.
IMO they need the moulds for other coins...........sooooo they may NOT produce anymore......... nod.gif
Like they stopped production of the 5/10oz rabbit to concerntrate on the 1 kg ones.

i am still waiting for my batch as well..........
prophetjul
post Sep 8 2011, 11:07 AM

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QUOTE(SGKSY @ Sep 8 2011, 10:45 AM)
hope they stop the production FOREVER, though it is unlikely, haha.
*
Well

they stopped on the 5/10oz rabbits...thats why the premiums are high
But dragons, they are different animal!
Mintages are HIGH and yet the premiums are HIGH! rclxub.gif

i have a 1999 10oz rabbit only around 2,500 sold...........yet it sells at $700 lesss than the 2000 10 oz dragon selling at $900 which has abot 8,000 population
prophetjul
post Sep 9 2011, 07:39 AM

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QUOTE(SGKSY @ Sep 8 2011, 10:18 PM)
i don't think the high price can maintain forever.

The 1oz is sold out in Australia, but we haven't seen the large distributors in US and Europe selling it. Some more, i still see some countries still accepting to pre-order 1oz silver and the estimated shipping date is mid of Nov.

Is it a hype? expect to see the price of 1oz drop to USD60-65 per oz when US and Europe start selling the 1oz coin.

I don't believe all the coins has been sold out. It had been allocated to the disrtibutor. 1oz Rabbit took 6 months to be sold out. 1oz dragon 1 day only ? Is it possible that the large distributor are holding 1oz stock together and want to make ppl rush to buy other sizes, like 1/2 oz, 2oz, 5 oz and etc? That's why we saw that the perth mint has suspended the pre-order of 1/2 oz, 2oz and 5 oz

Above is just my thought, your opinion ?
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The 1 oz is sold out ex Perth Mint.
It was known that the dealers were fighting for the distribution of the 1 oz gold and silver
because the mintages were limited.
Problem was the dealers do not know how many pieces were allocated, thereby the later selling date.
i guess they are also hogging the pieces to wait for higher prices.

i do not see $65 for the 1 oz silvers. In fact i dont see it below $100.
prophetjul
post Sep 9 2011, 08:41 AM

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QUOTE(Nidz @ Sep 9 2011, 08:18 AM)
if price from dealer is already more than $100, it may be more than $150 to reach general public... sweat.gif
*
The dealers' price should not be more than the listed Perth mint price which was around $59.
In fact for dealers, its shoudl be less.
BUT i do not see dealer selling at 2 X the price of silver at this time.
Afterall, its a 2012 coin.
That would be seen as screwing the customers
prophetjul
post Sep 9 2011, 11:25 AM

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Dang.........my ebay seller has not responded!

i hope hes true to his word! sad.gif
prophetjul
post Sep 9 2011, 12:16 PM

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QUOTE(SGKSY @ Sep 9 2011, 12:09 PM)
i got my 30 pcs 1oz at RM320 per oz. I think it is not worth to buy at this moment.

i think the price will settle down when the large distributor in US and Europe start selling their stock. I say so cos i never see large distributor in US and Europe selling their 1oz coin. I guess you guys can get at below RM200 if you are willing to wait.

But all 1oz might have already been sold out. That means can only buy from secondary market, like ebay.
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Lucky dude......... thats AUD100 per piece

i am still waiting for my shipment. Looks like the ebay seller may be screwing me since
the price is pretty good for me......... he will get a nasty feedback is he screws me plus
i will complain to Perth mint as he is one of their dealers....... mad.gif
prophetjul
post Sep 9 2011, 12:40 PM

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QUOTE(SGKSY @ Sep 9 2011, 12:31 PM)

that one called pxxxx, buxxxxn ?  how much you bid ?
Yessss

Have you had trouble with him before?

10 oz - $500
5 0z- $255
2 0z- $103

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