dirhams are quite an interesting prospect, any sifu's have any insights on this?

dirhams vs canadian maple leafs/other legal tender coins?

looking at investing in silver, and I am new.
so please do excuse if i say anything wrong and also offend anyone.

Thanks peeps!

there are lots of activist of dinar and dirham at FB groups so you can find lots and lots of info there. they even doing transactions amongst them. yes they are legal tender in kelantan and also traders nationwide (mutual agreement).

you don't invest in silver (physical). you buy and keep for many many reasons. many people make mistakes by buying and selling, trust me. there're culprits telling you can so that they can sell silver to you. this sub-topic alone...long story.

so if you want to buy, just buy (physical silver) what you can afford with your "extra" money and NOT with money that you need to use later (emergency money). this is #1 mistake many people made.

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Added on August 9, 2011, 6:00 amnow you're trading silver, so you're a towkey or towkeyso (female boss). i think it's in hokkien.


This post has been edited by lustman: Aug 9 2011, 06:00 AM

Selling Koala and Chinese Panda 2011 for RM335.
COD at PJ Hilton
PM me if anything.
Comes with airtite

there are a few silver coin/bar dealers posted on the thread. just use your mouse and browse back a few posts. i guarantee you'll find them. simple as ABC.

Dirhams Silver coins is the future money for Muslim countries, expecting 20-45 years from now
Once the paper money collapse, world are going to make gold and silver money..not just muslims country, US, Europe, Russia, China, Japan, Africa, Australia, all gonna minting their own gold and silver coins.. guess what gonna happen to precious metal, especially to silver which will be the most circulated metals in that time..

Ermm, I don't quite understand with that though.
Do you mean by don't invest in physical silver and invest in account book silver? Or you mean silver isn't worthy investment? Or you mean silver is a guarantee rather than investment?
No offense
Most of the time I heard that silver is an investment, so I wanna listen about silver isn't an investment.
Please enlighten me

Basically, people who really know the true reason to buy silver is NOT for investment purposes.
Definition of invest: to put (money) to use, by purchase or expenditure, in something offering potential profitable returns, as interest, income, or appreciation in value.

For me, I buy silver not to hope that it will bring me profit, but to hedge against inflation.
We hear people complaining this price increase, that price increase but salary didn't increase.
What we experience - inflation, is reducing our buying power.
Your RM100 today cannot buy you the same amount of things you could buy 5 years ago with the same amount of money.

So now, people buy silver to "peg" their money with commodities.
250g silver costs RM1201 now (using public gold price) which can buy you 100 Mcd Big Mac set (count as RM12/set for easy calculation)
5 years later, maybe the Big Mac set increase price to RM17. your RM1201 could only buy you only 70 sets. meaning the value of the same amount of money you have has decrease!!
but if you have 250g of silver at that time, the price would have increased 5 years later and you will still be able to buy 100 Mcd Big Mac set for the same amount of money you spent buying that 250g of silver.
Is it too confusing?
hahahaha!!!

anyways do ask if you have questions. we'll all try our best to help. hehe

gold increase 100USD in 4 days..silver still stuck at same place. perhaps ppl focusing and buying more gold instead of other PM such as silver?

I see, the hedge for inflation.
As suggested in your example of Big Mac(not a big fan of B. Mac though :S), the optimisitic of looking at is to have 100 of B. Mac. But we might get more than 100 of B. Mac, is this true?

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Added on August 9, 2011, 12:27 pmThat's true. Most people saw the gold rush and heading for it.
But one thing I found it interesting, value of USD is inverse with the price of silver at most of the time.

This post has been edited by chunyen2020: Aug 9 2011, 12:38 PM

spikyz, to me gold looks very attractive price wise but silver is so much more affordable.
so what I do is I buy silver as monthly savings (a few oz la) then when got enough, sell them and buy gold.
but its just how I do laa. haha!!

Well, if you're not a big fan of Big Mac then change it to anything you like but the theory is similar.
what we want is to keep the real value of your hard earned money, not to lose it to inflation vampires.
and who knows, we might get more than we hope for as a bonus!!

This post has been edited by SRDCglobal: Aug 9 2011, 08:23 PM

there is not enough silver for monetary purpose. It ;s already proven. We have used up most of the silver in our industrial civilization. CellPhone, washing machine, photograph, electronic etc.
There may be enough gold for tight monetary purposes.
6 billion oz x USD1700 = USD10.2 trillion dollar of $$$ circulation. Should be enough if we downscale our lifestyle to 1970s, 1980s.

great explanation. Just curious, your nick indicate that you're from SRDC global? some dirham seller as well?

I'd prefer to classify my purchase of PM as saving... as opposed to hedge or investment.

I'm just saving money, plain and simple

anyone here buy silver from perth mint directly?

if u check several pages back. i think some forumer do. one of them even get the transformer version.

yes,
that's the reason we all gonna be back with barter system in kampung especially
don't laugh at me if I said there will be a time(like 50 years+) that we will use back the old days monetary system..huhu..don't take it so seriously if you have a different perspective on my view



yes I also want to know,
Are you (SRDCglobal) an official reps from SRDC global?

This post has been edited by gmos: Aug 9 2011, 05:15 PM

sorry chunyen2020 if you don't understand cos i'm lazy to type

anyways, it has been explained in details by SRDC global. i hope it shed some light.

bottomline, buying silver is a no brainer. buy it when you fell like buying. you don't have to wait the price to drop or up, just buy. honestly no one know when is the best time to buy.

i think i've explained in previous posts on which type of silver is best to buy and why. again i'm lazy to type. just check them when you're not sure.

US margin traders for silver seems to be dumping silver heavily to raise cash. The silver price tend to dip more during US hours. It looks much stronger during Asian hours, perhaps China is accumulating more physical silver than Europeans and Americans?

Major speculators will only invest in margin trading and not physical precious metal, the reason is it's easier to liquidate. When times are bad, they can easily sell it without any hassle.

Silver at this point could probably have disappoint quite a number of ppl who expect it to shoot like gold, but to me, i believe the time will come for silver and it could be very soon

People should understand more that physical precious metal like silver and gold are a safe haven for inflation. We should get physical instead of paper. Buying paper will contribute to higher volatility of the precious metal itself !

Just my two cents

do ask if you have any questions
Yes I'm a member of SRDC Global which focuses a lot on financial education and we do have our own dirham.
I'm not a dirham seller per se, but I do sell it to people if they ever want SRDC silver dirhams or Morgan silver bars.
I normally just stock up as savings myself.
Might consider posting a [WTS] thread next time, what do you think?

SRDC global does not have an official rep. It consist of mainly its members and I believe there are many in this forum as well
you're an SRDC-ian as well?

Was reading some comments else where that if the PAMP 1kg bar is stamp with 999.0 instead of 999 it is a fake. Anyone care to shed some light? There are two camps one say it is still genuine another say it is not

Anyway I've send an email to PAMP, will update once I get a reply.