Buddies,

I want to invest on silver.

i want to buy some paper silver... which is just like a gold account, only need the passbook, not need to handle the real goods.

Any bank have this service?

Thanks

This post has been edited by realcyma: Dec 11 2009, 02:05 PM

mutual fund got - amprecious metal....

http://forum.lowyat.net/index.php?act=Sear...highlite=silver

link are broken bro..any trading silver in malaysia..dont want the mutual fund

silver also precious ha for investment, i believe gold would be more valuable n more longer term investment

silver prices are kept artificially low by jp morgan.. it may well outperform gold in the long run. U can buy from public gold, but the price is usd6 over spot price.

edit: found this website. can compare prices..is it cheaper? http://goldsilvermalaysia.com/sg/

This post has been edited by myvi5949: May 21 2010, 11:50 AM

public gold? public bank eh bro

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Added on May 21, 2010, 3:59 pmalready find out bro...just like public dinar right..not public bank..lol

This post has been edited by mohawkvidtz: May 21 2010, 03:59 PM

public gold and public dinar is actually the same company.

public gold - publicgold.com.my
public dinar - publicdinar.com

now public gold do sell physical silver and jewellry also.

Where can i buy physical silver in KL? Im interested in getting a 1KG bar just for investment purposes. But i want the real deal and not some black market stuff. There are many investment reports suggesting that silver will become the new gold rush in a few years time.

very interested at the silver coin but they seems to require minimum order of 100 for silver eagle and liberty round

I 'm selling since 2009 at ebay, U can visit my store at http://myworld.ebay.com.my/silvermalaysia
now about 50 x 1 oz bar still available.

---

Added on June 1, 2010, 6:04 pmI can sell U at a lower quantities. I have lot of silver philharmonics.
visit my store at http://myworld.ebay.com.my/silvermalaysia
I have lot of buyers in Klang Valley.


This post has been edited by CheapSilver: Jun 1 2010, 06:04 PM

is your silver bar come with any certificate?

so how or where do i sell my silver bar if buy from you?

can i open the seal of the packet?

My question still isnt answered. Where do i buy physical pure silver in Malaysia? Which bank sells? How much for a 1kg block now?

Dude u dunno how to read previous post?

and btw.. its stupid to buy 1kilo block silver. u wont be able to sell it if hyperinflation scenario come. buy the 1 ounce or 10 ounces only.

If u read carefully i said PURE SILVER

How would anyone have pure silver?

dont invest in something u dun know much about..do ur research first before parking ur money.
there is no PURE silver in a true sense of a word. The highest purity is usually 99.999 for fine silver and gold bullion.
and if u want buy from ebay, dont fall for scam people selling clad silver or sterling silver or 100mill silver. those are fakes. buyer beware.

This post has been edited by myvi5949: Jun 2 2010, 11:43 PM

No certificate, those coin with certificate are very expensive as such U may as well buy gold with that price.
You can test at www.fedmas.com.my an independent assaying body, the cost of testing per sample is RM100.00 + destruction of the sample. Thus it cost easily RM200+ per test. considering petrol and toll. You need to sell a lot then only the testing cost is covered. I have sent some limited sample for testing, so far no problem.

Profit margin for Precious Metal is very low, U can see at UOB only 4% spread, PUblic Gold only 4-6.5% spread.
Question? Who want to cover the testing cost?

so the next thing to buy will be bar with special hallmark such as PAN Am, sunshine, silvertowne etc.
use weighting scale as a first line of defense.

Last time puchong house is very cheap, no body want to buy. If U buy, U cannot sell it off. When the market developed, then puchong house rise like rocket. The same thing goes to silver as well. You wait for the market to develop, U shall pay for the high price later on. If everything is so easy that U can pre-calculate b4 hand then things will not wait for U.

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Added on June 3, 2010, 4:40 pmAn 100 oz bar will take up 20 to 25% less space then 100 x 1 oz coin. Thus, investment in bar are for the super rich. From liquidity point of view, it very illiquid. Primarily resale market are factories, minting services company, super rich family who want to buy few tonnes of silver.

Unless it is a pour bar (like perth mint bar), chances of fake or 1/2 fake bar with plumbum (lead) inside the bar is high as one can drill and hollowed inside the bar and fill it up with lead. as lead is heavier than silver.
It happened in engelhard 100 oz bar. I seen the picture somewhere.

This post has been edited by CheapSilver: Jun 3 2010, 04:40 PM

Thanks for the info.. very helpful.

sorry for the mistake, a 100 oz bar take up the only 20 - 25% space of 100 x 1 oz coin.
Thus, the space needed to store 100 x 1 oz coin can be used to store 4-5 x 100 oz bar.
Thus, a tremendous saving in storage space by a factor of 4 at least.

Looks like there's a unfilled demand in the market. Maybe some entrepreneur will find a way to satisfy the demand for silver coins and bullions in Malaysia

Why are most traders selling silvers at 20+ USD while the market price is at 17 USD ?

Is there any reason for that?

because the 17 USD is the market price.. it do not include spread.. which is the handling and shipping cost. Coins are more expensive because it has face value and the cost to make coins is higher compared to bar. Some coins has intrinsic collectible value.

btw anyone bought from ebay shipped to Malaysia before? Will the customs tax the silver once it arrive?

there is a penang company (hq bukit jambul, opp bukit jambul complex) now selling physical silver. publicgold (nothing to do with public bank, site:www.publicgold.com.my). went to a talk organized by them on 29/9. looks like they have branches in a few states also.
they sell in 250g, 500g, 1kg block.. certified by penang assayer (a private company)
the spread for physical silver it seems is about 15%
their concept is they sell physical gold / silver. you keep at home/safe

they also have a publicsafe - but that is in kl. i guess not for penang ppl.

think of having to store physical silver, leceh lah.

if silver is about to shoot up as the guy said (like what happened to gold 5-6 years ago), then how come in malaysia only this company doing silver? only 1 guy so far-sighted? the investment people all sleeping? or the rest of the people all doing paper-silver or ETF type of things?


anybody know of any bank/other company in malaysia doing paper silver/physical silver also?

Anyone's been investing on silver?
I've been watching Robert T. Kiyosaki's video and he's praising Silver as a good way to preserve wealth, he even wrote in his latest book.
So i did a research on Silver which was about 2 months ago where the price was located at $25-27 p.o in average, but on Sept 13 my supplier from S'pore told me it will drop to $19-20 p.o, which on 15 Sept the price rapidly dropped to $20 check on http://silverprice.org/ and according to my supplier it will climb back to it's all-time high $50 soon. As people are starting to have their eye on it.

To me Silver may seen to be a great way of preserving wealth and fighting off inflation, and it's much more affordable compare to Gold, thou i still enjoy see-ing a quick return from my investments such as Stocks or Forex.

So what do u guys think?

just go and buy ...1kilo silver costs you almost RM3000 , what you waiting for bro ?


demand for gold has been reached to maxx ...now we can move to silver ...my mission 1kilo 1month ...ada berani ?

Silver was priced at $25-27 per ounce 2 months ago? You might want to double check again because Silver just hit a 30 year old high about a week ago at nearly $22 something.

true. silver was trading around $19-20 per ounce 2 mth ago. until recently it climbed up to $24. not bad, around 20% increase but in malaysia the spread is too big and not much demand of it. also, gold is still a preferred precious metal for investment in msia.

Those who want to buy Paper silver can do so buying ETFs in the U.S mkts....it trades like a stock....pay only brokerage of 0.15% ++ much lower than the spreads for coins

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Added on October 19, 2010, 8:00 amhttp://goldsilvermalaysia.com/sg-American-Gold-Eagle-Coin/

WoW! Very pricey!

You can get some of their items cheaper at UOB or ebay.

This post has been edited by prophetjul: Oct 19 2010, 08:00 AM

if u are interested to trade in silver.. u have an option to invest in silver futures which is a benchmark for silver price.. this is a product which is listed in CME.. u need details.. PM me..

how about invest in white gold??
price increase year by year...
can anyone recommend where to invest on it??

Investing in 1kg won't get you any where. In early 1995 silver was USD4.60 an oz. New York closed at USD23.168 on 21st Oct. You have missed the boat.

Gold was less than USD400 in early 1995. New York closed at USD1325.70 last night. In terms of percentage increase silver has outperformed gold.

You do not invest in physicals for the simple reason that a premium would be charged; could be over a dollar an oz; coins attract higher premiums; so do smaller bars.

I do not think it is very feasible to invest in silver and gold here unless it is for long term; the buying and selling difference is too great (based on Public Bank's current gold rate the price difference is about USD51 per oz.); meaning it has to shoot up RM5260 per kg. before you could make any profits.

If you are looking at a bigger volume maybe you could try MKS Precious Metals Sdn. Bhd. in K.L. otherwise you may have to go to Singapore and trade.

You could track the activities of both at kitco.com.

Goodluck!

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Added on October 22, 2010, 10:50 pmVery wise remark! Nobody's buying when you want to sell your physical silver grains or silver bars. So you buy and keep at home eh? Then the burglars come and korek everything away! Just buy in paper form then can sleep in peace.

This post has been edited by kefircurious: Oct 22 2010, 10:50 PM

Beside physical silver, why not consider about Silver in Futures Market? this is a worldwide benchmark for silver price. U dun have to pay for premium.

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Added on October 23, 2010, 3:42 amfor commodities prices right. it is actually refer to a benchmark which is heavily traded by miner, speculator and producer. Such investment can be made without holding the physical. the cost of holding physical product is high and expensive..

This post has been edited by happy_ending: Oct 23 2010, 03:42 AM

http://www.reuters.com/article/idAFN...7?pageNumber=2

UPDATE 3-JPMorgan, HSBC sued for alleged silver conspiracy


Wed Oct 27, 2010 6:16pm EDT

Commissioner Bart Chilton added that there had been "fraudulent efforts to persuade and deviously control" silver prices. [ID:nN26129046]

A CFTC spokesman said the regulator does not comment on investigations, and would not discuss the investor lawsuits.

Earlier this year, the CFTC began looking into allegations by a London trader that JPMorgan was involved in manipulative silver trading, the Wall Street Journal said on Wednesday, citing a person close to the situation.

Silver prices have faced regulatory scrutiny in the past, perhaps most prominently after the Hunt brothers in Texas in 1980 attempted to corner the market, driving prices above $50 an ounce. The price later plunged.

Since the CFTC began its probe, spot silver prices XAG= have ranged between $8.42 and $24.90 an ounce, Reuters data show. They traded Wednesday at roughly $23.53. Silver futures prices SIc1 are up 39.1 percent this year.

The cases are Beatty v. JPMorgan Chase & Co et al, U.S. District Court, Southern District of New York, No. 10-08146, and Laskaris v. JPMorgan Chase & Co et al in the same court, No. 10-08157. (Reporting by Jonathan Stempel; Additional reporting by Elinor Comlay, Jonathan Leff, Carole Vaporean in New York and Roberta Rampton in Washington, D.C.; Editing by Steve Orlofsky)

http://www.bloomberg.com/news/2010-0...evictions.html

JPMorgan Chase & Co. and HSBC Holdings PLC were sued by an investor claiming they manipulated silver futures and options prices in violation of U.S. antitrust law by placing “spoof” trading orders.

The investor, Peter Laskaris, alleges that starting in March 2008, the banks colluded to suppress silver futures so that call options, or the right to buy, would decline, and put options for the right to sell would increase, according to the complaint filed today in federal court in Manhattan. The collusion was also intended to maintain prices at levels at which some options would expire as worthless, Laskaris claims.

The banks placed so-called spoof trading orders, or the “submission of a large order which is not executed but influences prices and is then withdrawn before it reasonably can be executed,” according to the complaint.

The Commodity Futures Trading Commission began probing allegations of price manipulation in the silver futures market in September 2008. At a hearing in Washington yesterday, CFTC Commissioner Bart Chilton said there have been “fraudulent efforts to persuade and deviously control” silver prices and that violators should be prosecuted.

Joseph Evangelisti, a spokesman for New York-based JPMorgan, declined to comment. Juanita Gutierrez, a spokeswoman for London-based HSBC, also declined to comment.

Separate, Similar Complaint

A separate, similar complaint filed today on behalf of investor Brian Beatty, and naming the same banks as defendants, claims a whistleblower contacted the CFTC last year and reported the banks’ conspiracy to suppress prices of silver futures to profit from “enormous” short positions in silver futures.

The banks reduced their collusive trading and their holdings in the futures market after a government investigation of silver futures manipulation began in March, according to the complaint filed by Laskaris, which seeks class-action status. Since the banks cut back on their silver futures trading, prices have increased about 50 percent, the suit alleges.

“These price changes directly result, at least in one substantial part, from defendants’ reduction in their concentration and other reductions of their unlawful activities in the silver markets since the government investigation,” according to the Laskaris complaint.

Comex Trades

Laskaris described himself as a New York resident who traded in silver futures and claims damages based on the collusion. The trades at issue in the complaint were made on the Commodity Exchange Inc. division of the New York Mercantile Exchange, Laskaris said in the complaint. Beatty, a resident of Connecticut, makes the same claim.

Christopher Lovell, a lawyer representing Laskaris, didn’t immediately return a call seeking comment after business hours.

Chilton spoke yesterday at a hearing in Washington on regulations to implement the Dodd-Frank financial overhaul, which became law in July and gave the commission a year to establish rules governing the $615 trillion over-the-counter derivatives market.

prophetjul

Interesting piece of news you are sharing.

Silver has gone up tremendously. I used to buy at around USD4.60 an oz. for the company I was working with; those were silver grains...more expensive stuff. Wonder when it's gonna come down

disagree, this year, the increase rate of gold is lower than silver. you can have a graft check in www.kitco.com
silver is getting valueable, thats real。 The silver price raise from 1850 to 29xx now, it is 60% some thing lar, within 3 month.

Silver seller is not much, while silver collector is everywhere, especially is the silver seller and supplier, they really wish to have a good deal in this increase of silver price.

If you want to trade silver you'll need a medium.
Forex is also a medium which trades oil,silver,currencies,gold and many others.

Technology has improved over the past time and now you can conquer one of the global marketeer in front of your computer.

What is the best economical way to purchase physical bullion silver coins ? Do we have tax to import to Malaysia as I find one of the dealer is saying there is a 15% custom tax. From purchasing till selling off the bullions per ounce, I am paying an extra premium of about 50-55% per ounce. Might as well I pay for an international vault which is cheaper. Please share your experience.

Tq in advance for the 2 cents.

This post has been edited by Sirshrek: Dec 25 2010, 06:22 AM

nubex.com.my ~

Thanks but i'm seeking either maple leaf or silver eagle for a start.
Anyone have bought this before? Is there a 15% tax from the custom or any capital gain tax?

rm200 for one ounce silver.. twice the spot price of silver. thats a ripoff.

There is a free informative talk on investing in silver:

Wed 19 Jan 2011
The Amazing Room
4-3, Lorong 2/137C
Off Jalan Klang Lama, 58200 KL
(venue is next to Elken, facing OKR, across OKR from Plaza Central)

other updates posted in buysilverinmalaysia.com (website up late Jan 2011)

This is a rather interesting thread and here is what I know to date.

The purpose of getting silver is not just to realise capital gains when the stock market crashes, but rather as a currency to purchase items when all paper currencies become ghost money. Please read Rich Dad's Guide To Investing In Gold and Silver by Mike Maloney or watch his Why Gold and Silver video.

Therefore, to accelerate the gains for the short term, one can use ETFs to trade and then convert that to physicals to leverage the cost of storage when it's time to withdraw, assuming that you know when that is (the "buy low sell high" paradox).

Public Gold/Silver/Dinar and Nubex are the only ones selling silver in Malaysia, but at a premium. I do not include those who sell on ebay.

The question of certificates is difficult, but anyone who has the capacity to produce certificates will still have to undergo assays should the buyer be cautious. Therefore buying the more popular (and govt recognised) items is considered a safe bet, such as Silver Eagles, Maple Leafs and Philharmonics.

Msian Customs applies a 5% excise and 10% sales tax on coins brought into the country. You can call Customs to find out or just look up tariffs.customs.gov.my.

There are no tariffs for bars and so you can buy as many as you like. Popular items are Johnson Matthey and Engelhards, but there are others like Sunshine (who mints the Silver Eagles), SilverTowne, Morgans, Scottsdale etc.

Storing physicals in the safe deposit box is going to be a challenge when we do have a bank run and the bank will effectively close, so buying a home safe may be the next best option. There is an alternative to the bank's safe deposit box - see www.rsdb.com.my.

The closest place you can buy physicals would be Singapore - see www.silverbullion.com.sg and www.royalsmithbullion.com. These outfits have a premium of about SGD4 above what you buy from the US minters, except that RoyalSmith is slightly lower than SilverBullion due to lower overheads. However, RoyalSmith's preference is Silver Eagles for coins.

If you'd want to get physicals and cheaper than Singapore, the best route would be to buy bars. If you want coins, the best route is through your trusted friend(s)/family in Singapore, where you would have a 7% GST plus other charges deemed relevant by Customs.

buysilverinmalaysia is quite likely to be ETFs related and less physicals based on the ads it runs in the Star paper. Any which way, the decision is yours to make.

Lastly, please be responsible with your cash flow and buy silver with your investment or play money. You still need to go out and buy food with your cash until the event horizon. Family financial planning is necessary, even for the single guy/gal. You can't eat silver, no matter how shiny it is.

I hope this has helped you get up to speed, short of the technicalities.

Regards

Thanks for the information, Pubmut.

Thanks pubmut.

Really silly that the customs has duites for silver coins and not bars? And not on gold coins.....wheres the rationale here?

Coins are for most likely for collecting whereas bars are likely for commodity or value adding....Msia bolih...

As for publicgolds premiums for silver its a scam.....based on the spot silver price they are quoting in excess of 20% and buy/sell spread at 15%!
Thats outrageous!

This post has been edited by prophetjul: Jan 17 2011, 08:35 AM

Hi there.
Why u not choose silver as your investment?
Lately, the silver price always keep on going up and the price also cheap compare to invest in gold.
Are you prefer silver bar, dirham coins? or others method like MT4 etc.


Hope we can have great discuss here. Mind sharing you knowledges/experiences on silver investment okay..


for me..right now i keep on saving a few dirham coins.
looking forward for silver bar.

Hi All,

thank you for all the posts.

Just a quick sharing, I have been investing/supplying Silver since last year and have been trading via MT4 platform too.

And yes, the prices are orchestrated and they are controlled by some algorithms created by those "banksters". I have the privilege to learn from a guru who got some insights on market orchestration.

http://www.youtube.com/watch?v=oAsWCl0Fiko&feature=related

Margin trading is created back in 1930's with one purpose I believe, to take back the money "they" printed outrageously. How? They bombard you with some fundamentals news and make us believe the market is random.

My strategy is simple. Profit from paper silver, then reinvest into real silver. Bottom line, GET PHYSICAL.

Hope this helps.

Cherry
cherry912@gmail.com

Hi all,

I second what ccdin1 has to say in the previous post about the market is being random. I strongly believe as well the market is orchestrated to give us a distorted perception on the silver prices, also being an investor on MT4 and a supplier of physical silver bullions since 2010.

I won't be commenting on the difference between physical silver and other sorts like stocks and derivatives. But I would ultimately prefer to have what I purchase in my hands rather than purchasing something that I will never see that is kept in the bank.

Here are some videos for more education purposes
http://www.youtube.com/watch?v=SFyfJtMtAYQ

and also the evolution of fiat money and how it is backed/no longer backed by gold
http://www.youtube.com/watch?v=ZPWH5TlbloU

Invest smart Feel free to drop me an email for more information

Cheers!

Bernard
bernard.lau87@gmail.com

why are you guys giving out your emails so freely?

you guys are from the same gang, arent u?

1oz bar is good for kick-start

For nik2

Here's a simple math calculation for you:

1 dirham coin from nubex is 3 grams, priced at RM20.00 today 13 Feb 2011.

In order to get 1 oz of silver ordered through a US dealer, I would have to break down the costs:

1 troy ounce Maple Leaf priced at USD33.82 today 13 Feb 2011. Comes in tubes of 25 => USD33.82 x 25 = USD845.5

Add delivery charge at USD105 = USD845.5 + USD105 = USD960.5

Therefore USD960.5 x 3.1 bank exchange rate today = RM2977.55.

Add Msian tax at 6% + 10% (16%) = RM476.41

Total is RM3453.96. This is for 25 oz. Therefore 1 oz = RM138.15

1 troy ounce = 31.1 grams, therefore RM138.15 / 31.1 = RM4.44 per gram.

To equate the amount to 1 dirham at 3 gm = RM4.44 x 3 = RM13.32.

So, going back to the above price at RM20 per dirham, you are now paying an extra RM6.68.

The Kelantan Dirham is likely to be manufactured locally, and you are buying an item from the US, inclusive of Customs tax and yet you are paying less.

I will not argue with you about syariah laws, but I think there is something about profiteering that applies in syariah law, doesn't it?

Does that make sense to you?

Rgds
Pub Mutt

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Added on February 13, 2011, 2:39 pmDear All

I believe you've already spotted some players in town of late:

1. www.mysmartgold.com, which carries Pamp Suisse gold bars. If you look at the prices they are quoting and doing your math, you will note that they are definitely better positioned against P Gold, first for having a well known gold bar brand and secondly, for the pricing above 20g.

However, caveat emptor needs to apply as I don't know if those bars are genuine and I have not heard of Hong Cheong Jewellery. Maybe I have been under the lid too long.

2. If you were invited to a talk by True North Asia, they are affiliated with Auruma International, of which I believe it to be a Ponzi/pyramid scheme because of the statements they make during Q n A (they have 8 levels of payment but is not MLM - duh!). Google "auruma scam" and you will find an interesting piece written about them. They are not members of Direct Selling Association of Malaysia (or any other country I suspect).

3. buysilverinmalaysia.com does not exist online, and yet this website is touted and the address referred to as a location in Old Klang Road from previous post. I haven't been to this place to check it out and I think that this is suspect as well.

Caveat emptor!

Rgds
Pub Mutt.

This post has been edited by pubmut: Feb 13 2011, 02:39 PM

The kelantan dirham is not manufacttered locally,its from dubai,and its spread is 5% guaranteed, and btw the silver bar u found on nubex is pamp suisse lady fortuna,thats why its more expensive than normal bar,previously they sell silvertowne also which that time only rm135

Thank you farisaiman. I stand corrected on manufacture location.

Rgds

what does 'spread' mean in gold/silver term? I'm a noob. Anyone cares enough to elaborate?

This post has been edited by JiJai: Feb 15 2011, 08:40 AM

spread is also known as buyback,means when u wanna sell back to them,they will minus how many % they will deduct from current selling price,that is spread

http://merlip.lot.my






This post has been edited by merlip: Mar 13 2011, 06:07 AM

i recently bought some silver bars here

competitive rates.

"So what do u guys think?"

Some speculative or wild thoughts, can be idiotic to some.

To answer the question - what do you guys think.
1. Gold and silver price to go up in the short term (when panic comes in), but not
for long. Not when central banks crash. Just watching to see if that is going to
happen soon. If.

2. I expect to see electronic currency replacing worthless paper, instead of
gold and silver. if First world Order actually materialise. if.

How much did you pay over spot silver prices?

i find investing in silver will cost you a very BIG premium. like 25 to 30%

---

Added on March 15, 2011, 2:33 pm]Where have you been last ten years?







This post has been edited by prophetjul: Mar 15 2011, 02:34 PM

Hi everyone,

I'm new here and find this thread very lively and informative. Great to learn that so many are aware of the need to own physical silver. Having read every post from the beginning, I summarise that there are concerns about authenticity of some silver products, high premiums, import duties, dangers of "paper silver" (ETFs, etc), liquidity of the bullion assets, and a general lack of choice of reputable dealers and silver bullion products.

I started accumulating silver (and gold) several years ago and have found that besides holding coins in my personal custody, another more cost effective and convenient means of owning and holding physical silver (and gold) is through an Allocated Bullion Account with various Dealers of international repute. Since this option has not been discussed here, I'll share a few key points:-

(1) Safety - You own professional grade London Good Delivery Bars (Assayed, audited and stored in LBMA accredited vaults)
(2) Outright Ownership through a Bailment arrangement - Not a pooled account, bullion certificate program, ETF, etc.
(3) Extremely liquid - able to buy and sell online 24x7
(4) Cost effective - Very low spread and much lower premium compared to coins.
(5) Able to take personal custody of your metals if or when you wish.
(6) No minimums - You can start with 1 ounce!

The only "disadvantage" is that you'll have to pay a monthly storage and insurance fee. However, you'll be surprised to know that the premiums we pay some of these local dealers is more than sufficient to pay storage & insurance for several years!

My personal strategy is to hold just sufficient coins for emergencies (like bank run, sudden monetary crisis, currency debasement, etc). So this is like a "Savings Account". The balance is kept as "Fixed Deposit" at these internationally credited vaults. I've done a review on three of the companies I personally have been using for years. Do check them out.

(a) BullionVault
(b) GoldMoney
(3) Anglo Far East (AFE)

Here's the Comparison Chart, Fees Summary, and Basics of Allocated Bullion Accounts.

Hope this helps, and stay prepared!

"Be prepared for a financial catastrophe - Not because we’re 100% sure it will happen, but because we can’t be a 100% sure it won’t happen" Chris Martenson.

This post has been edited by PoliticalMetals: Apr 1 2011, 04:02 PM

Hi everybody,
For long term investment, I don;t believe in any storage program. in chinese when People see the "Daging Babi besar" sure people will come and curi makan one.
You pay your own storage fee that my believe.

However there is some exception.
The Exception are purely for those who want to invest, pay in fiat, cash out in fiat. Then its OK, provided you don;t intend to take delivery from day one.
Please bear in mind, cash out just before the music stop. b4 Comex default. the problem is U don;t know when, I think it 's quite soon.

In certain countries where the tax is high, then storage program make sense lah.
Some other exception are rare in nature, example like migration to Australia, thus get a storage program in perth mint. Once you migrated there, you can take delivery there.

Will do some writeup, on these paper silver, storage program stuff.

http://silvermalaysia.blogspot.com/

Hi, Just a little clarification, so that there are no misunderstandings

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 delivery Bars. Even if I buy one LBMA Good Delivery Bar today, take it home, and tomorrow I bring it to a bank or bullion dealer to sell, it will NOT be considered a Good Delivery Bar anymore. It will have to go through a costly assaying and certification process again.
2. Between a Bank Safe Deposit Box and a VIA MAT International VAULT (specially designed for storing precious metals), I certainly think the later is much safer. How may times have we heard of break-ins at our local bank's safe deposit boxes?
3. Its not practical. If you want to invest RM100K in silver bars, it's about 28Kg at today's prices. Do you realize how heavy and how big it is. You can imagine the difficulty when the amount gets larger.
4. The main reason why we invest in gold and silver is because we do not trust the banking system, fiat money and the global financial health. It is in danger of collapse or another 2008 type crisis. So, why trust your life's savings at the bank's safe deposit box? What if they suddenly announce a bank holiday? I always make sure that I do not keep any assets (except some small amount for day to day transactions) in the banking system.
5. And most important of all, gold & silver held at international vaults do not have any counter-party risks. You have 100% legal ownership. Read about the concept of Allocated Accounts & Bailment here. Bailment Explained

Cheers!

PM

I think the best silver to buy now is KGT Silver Dirham,100 % increase since its launching in august last year,plus the liquidity is far way better than most bars now

what's the buy/sell spread?

For 1stop gold, the rate of silver bars,buysell spread is 15%

This post has been edited by kucingfight: Apr 5 2011, 04:56 PM

If you are selling back to them its 5%,but then you can even sell back on current price to public

1. The biggest bar i buy is 10oz. I don;t go for the big stuff 1000oz stored in VIA MAT Vault. I 'm a small player. A normal safe deposit box will do.
Just don;t have to worry about LBMA stuff if U dealing with 1 - 10 oz, just sell it off . There are lot of buyer.

2. Yes, bar that left LBMA accredited storage is no longer good for delivery anymore.

3. I believe that LBMA accredited storage facilities and Banks are all all the same gangs of people. I would rather stored my stuff a bit here and there. better.

4. The main problem is honesty of the operator, is not easy to prove or disprove. When the fraud come, it will come immediately and wipe out everybody
saving just like that. It is up to individual choice, if he thinks it's better than go for the storage program lah.

5. Many (9 out of 10) of my supplier store their own bullion themselves.

http://silvermalaysia.blogspot.com

On an interesting note of investing in Silver, is anyone following the movement started by Max Keiser launching this so call "Silver Liberation Army" to topple JP Morgan?

Yes! and I'm glad to know you're also following They recently launched the SLA website http://silverliberationarmy.com/

For readers not aware of this, Max Keiser launched "Buy Silver, Crash JPMorgan" campaign last Nov/Dec, and together with the Alex Jones of Infowars.com, that effort went viral. http://www.youtube.com/watch?v=QCM7rMIqxmk

They minted special 5 oz Silver Keiser coins that was sold out quickly. Now they are planning to remove 1 million ounces of silver from the physical market by minting a new lot of coins currently available for pre-orders at http://www.silverkeiser.net/

This is exciting. With PLENTY of paper silver being sold by JPMorgan & gang everyday at the COMEX, but with Physical silver supply getting tighter by the day, any effort by these guys to remove more physical silver from the market (one ounce at a time), is good for everyone already holding silver and have exited the fiat money system.

Today, over at the COMEX, silver closed at another 31-year high of $39.54. We now have ONLY 5 days when silver was traded above the current spot price. When this 31-year high of $49.45 is taken out, many expect the price to explode upwards.

18 JAN 1980: $49.45
21 JAN 1980: $49.00
22 JAN 1980: $41.55
24 JAN 1980: $41.50
11 FEB 1980: $40.25

It's interesting to note that everything is happening around the number "47"
(1) It's the atomic number of silver
(2) It's near the all time high
(3) It's near the JPMorgan's share price now ($47.40)

So, if readers here have not converted your paper money into silver money, maybe you should consider doing so. I know many are thinking that it's risky to "invest" in silver now "because the price is high". But, I don't think of holding silver as "Investing" at all. Just think of converting my Ringgit to a stronger currency - like the Canadian, Aussie or Swiss franc, except that gold and silver is the strongest and is the ultimate currency. If I want to invest, I'll invest in gold or silver mining stocks and other assets, but physical gold & silver has to be considered as money and not an investment.

For more reasons to convert paper money to silver (and gold), visit http://politicalmetals.com/why-silver/
For more info on why you should NOT "invest" in gold or silver, visit http://politicalmetals.com/2011/01/19/1/#Gold2010 and http://politicalmetals.com/2011/01/20/inve...or-holding-pms/

This post has been edited by PoliticalMetals: Apr 8 2011, 07:23 AM

Good writeup about Max Kieser

How safe is VIA MAT?

Who operates this vault?

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Added on April 8, 2011, 8:11 amis it a pure storage facility or does it trade silver as well?

This post has been edited by prophetjul: Apr 8 2011, 08:11 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.

PoliticalMetals you're the first Malaysian I've known to follow Max Kieser, group of people that I know are from the States and UK, was drawn in when Silver was still selling at $29 per ounce.

On another note, any new places to buy silver bullion? I've been getting mine from Nubex but it seems they've run out of stock and they only have the local Dirham's.

Apparently there is one in Penang, can't recall the name but their silver are minted locally, looking for well known mints instead.

check my post several back behind. i bought from here

thanks mate

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Added on April 8, 2011, 12:41 pmPhysical silver prices in Msia is sick*. The spread premuims are atrociously high. Those who do not need physical migh as well trade the ETFs

This post has been edited by prophetjul: Apr 8 2011, 12:41 PM

it's touching 39.93 just a moment ago...

Alread hit $40.......

Ya, I was fortunate to be in the loop rather early, when silver was just over $10. Check out the list of dealers here: http://politicalmetals.com/coins/
I prefer to keep a small amount close at hand in the form of coins and small bars, but the balance is better bought and stored overseas in professional vaults. There are no minimums & the prices are way better. You'll be surprised to learn that just the savings from the premiums alone is enough to pay for storage for over 10 years!

Lucky you, I was only in it when it was at $28 a wee bit too late but still a healthy profit at the moment.

Let's all hope with the bailing out request by Portugal and the shutting down of the US Government ( those that are not aware http://www.reuters.com/article/2011/04/07/...E7321P120110407 ) will push the prices up.

Speculation is that when it hits $47 JPM will need a bail out.

Kucingfight, you bought the 1kg bar silver from 1stopgold? Are they genuine, trustworthy and reliable?

yes off course, if not i wont b recommending it

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?

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

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

Ok, will make sure i view the certificate and cross check with PAMP website. Thanks guys!

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.



This post has been edited by GoldChan: Apr 15 2011, 08:49 AM

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

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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

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

Theres a thing called google nowadays.....

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 *

another 1
USV- E-TRACS CMCI Silver ETN
ZSL-proshare ultrashot....
DBS
all with weird name

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.

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).

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.