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?
how to invest silver in malaysia
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 Apr 7 2011, 11:36 PM
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#1
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Junior Member
311 posts Joined: Mar 2005 From: Kuala Lumpur  
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Apr 8 2011, 08:57 AM
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#2
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311 posts Joined: Mar 2005 From: Kuala Lumpur
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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. |
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Apr 8 2011, 05:41 PM
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#3
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Junior Member
311 posts Joined: Mar 2005 From: Kuala Lumpur
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QUOTE(PoliticalMetals @ Apr 8 2011, 02:04 PM) 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/ 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. 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!  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. |
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Apr 9 2011, 04:57 PM
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#4
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311 posts Joined: Mar 2005 From: Kuala Lumpur
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It comes with a serial number as well which you can cross check with PAMP if in doubt.
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Apr 21 2011, 10:13 AM
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#5
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311 posts Joined: Mar 2005 From: Kuala Lumpur
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QUOTE(prophetjul @ Apr 21 2011, 07:43 AM) Gold vs paper Hmm and all this while I thought tax is applicable only on silver/gold coins and not on bullions.Depends what YOUR expectatioons are........ If you think world economy will do TSHTF....then buy physical. Physical in Bolihland is expensive becos its considered a commoditiy subjected to taxes and duties. Just on tax/duties alone you are paying 15%. Add the premium spreads by the dealers, you are lookin at 20 to 25%. The if you are one who doesnt think TSHTF scenario, there are lots of paper play........not just accounts. You have the ETFs........ like SLV- i silver shares tacks price of silver AGQ - pro ultra silver shares- is 2 x tracking price of silver And many many moree |
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Apr 21 2011, 04:59 PM
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#6
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311 posts Joined: Mar 2005 From: Kuala Lumpur
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QUOTE(lee1234 @ Apr 21 2011, 04:35 PM) I just checked with them but unfortunately they don't have any other branches in penang. I'm from Penang... There's a company in Penang selling silver bullion, www.publicgold.com.my.I have to go KL to create an account there, is a bit difficult for me.  The silver bars are available in 500g and 1kg however they are manufactured and certified "locally".  |
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Apr 22 2011, 02:52 PM
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#7
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311 posts Joined: Mar 2005 From: Kuala Lumpur
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QUOTE(driftmeister @ Apr 22 2011, 02:32 PM) apart from 1stopgold, anywhere i can find smaller weight silver like 10oz ? Local silver coin's they're 30 grams each about 1oz+. Easier to sell back out as well in small amounts as oppose to 1kg bars you can't cut it into half. 1stopgold only have the kilo which cost lil less than 5k  http://www.nubex.com.my/v2/product_info.ph...63bad7142c8d4c5 This post has been edited by 8181: Apr 22 2011, 02:53 PM |
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Apr 22 2011, 03:03 PM
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#8
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311 posts Joined: Mar 2005 From: Kuala Lumpur
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Is it true that you can actually use Dirham in Kelantan? Wonder how they rate the price of it when you make a transaction.
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Apr 22 2011, 03:14 PM
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#9
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311 posts Joined: Mar 2005 From: Kuala Lumpur
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QUOTE(driftmeister @ Apr 22 2011, 03:07 PM) oic http://www.1stopgold.com.my/index.php?opti...tid=14&Itemid=4any idea where can i get 1oz pamp locally? the lady fortuna. They have the lady fortuna in gold, but you can inquire if they carry the silver ones, sometimes they do not display them on their sites. But their spread for silver is quite high.  |
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Apr 22 2011, 08:21 PM
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#10
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311 posts Joined: Mar 2005 From: Kuala Lumpur
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QUOTE(farisaiman @ Apr 22 2011, 07:45 PM) Not only Kelantan sir...even all over the malaysia...the purpose of minting Dinar and Dirham is for Muamalah(Trading) Thanks bro, very informative. more and more store now accepting dinar and dirham as a method of payment ....the current stores that accept DnD is in the spoiler  » Click to show Spoiler - click again to hide... «  |
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Apr 23 2011, 05:41 PM
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#11
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311 posts Joined: Mar 2005 From: Kuala Lumpur
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QUOTE(driftmeister @ Apr 22 2011, 11:49 PM) what does this mean? sorry noob here Correct me if I'm wrong he might be referring to Dirham as the easiest form of Silver to liquidate in Malaysia. |
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Apr 27 2011, 10:09 AM
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#12
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311 posts Joined: Mar 2005 From: Kuala Lumpur
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Silver is going, time to stock up.
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Apr 27 2011, 02:34 PM
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#13
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311 posts Joined: Mar 2005 From: Kuala Lumpur
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QUOTE(benedict1213 @ Apr 27 2011, 02:08 PM) hi all, Silversmitch! Welcome- RM4.40 per gram.  i am a Silver/Gold investor too but mostly i trade with silver/gold spot. that easier with low spread/fee, but i looking to get 1oz or 100gram/250gram pure 99.9% as investment. just wondering anyone selling cheap or good recommended here? i keep track with bidding in ebay in 'silvermalaysia' now. i was out of bid this morning! btw, what the current price for silver in Malaysia RM now? best wishes! |
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May 4 2011, 11:20 AM
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#14
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Junior Member
311 posts Joined: Mar 2005 From: Kuala Lumpur
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QUOTE(benedict1213 @ May 4 2011, 11:10 AM) hi everyone, seen like a lot of ppl interested to invest in gold / silver. indeed, if anyone interested to know how to trade paper gold / silver, please pm me and i will explain and teach you guys.. To be honest, I would pay the extra rm40 just to own physical silver. Anyway for those that are interested in paper silver/ gold; do ask if you can at any time convert them to physical silver/gold.let me do some short explaination here.. physical Silver 1 oz. = RM125 exclude service tax, charges, premium. (and u have to pay 100% in-term to own that 1 oz silver) Paper Silver 1 oz. = u buy current market price (RM125 for example), without paying 100% instead to owned that silver. Compare to publicgold, the spread between physical silver and paper silver, there are 32% which is RM40 different! so ask yourself that, do you wanna pay much premium to the seller or preferable earn that RM40 into your pocket? Invest wisely! Cheer. |
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May 4 2011, 11:57 AM
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#15
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Junior Member
311 posts Joined: Mar 2005 From: Kuala Lumpur
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Yeap people are buying up due to the recent fall of price from almost $49 to $41.
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May 5 2011, 12:50 PM
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#16
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Junior Member
311 posts Joined: Mar 2005 From: Kuala Lumpur
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QUOTE(benedict1213 @ May 5 2011, 12:47 PM) GoldChan, Hoi touch wood. LoL.sell us cheaper if not you going to see USD31-37.. or coming USD27 per oz! |
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May 7 2011, 10:10 AM
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#17
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Junior Member
311 posts Joined: Mar 2005 From: Kuala Lumpur
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Someone was asking what was the most liquid silver. Oh thats actually from someone's blog, and it was taken in a morning market.
 This post has been edited by 8181: May 7 2011, 10:11 AM |
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Aug 1 2011, 06:39 PM
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#18
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311 posts Joined: Mar 2005 From: Kuala Lumpur
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QUOTE(anakrantau @ Aug 1 2011, 06:33 PM) anyone here got Emirates Silver? Did you just say you bought your Silver bar at a local auction?I bought 1kg silverbar last month. but it does not have the cert. I about it on local auction..didn't have time to think much as when I am in it have less than 15min left.. |
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Aug 9 2011, 08:55 PM
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#19
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311 posts Joined: Mar 2005 From: Kuala Lumpur
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QUOTE(chunyen2020 @ Aug 8 2011, 09:44 PM) Maybe some of them get another check up from other assayers? 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 ANW, the packaging of Pamp is already included the verification from assayer. Anyway I've send an email to PAMP, will update once I get a reply. |
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Aug 24 2011, 07:05 PM
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#20
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311 posts Joined: Mar 2005 From: Kuala Lumpur
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QUOTE(SRDCglobal @ Aug 24 2011, 06:41 PM) By looking at that person's registering date, I'd say he/she just registered in LYN to promote his business. Just a reminder, always COD at places where there are a lot of people around and definitely not in the car, they might tell you that it is safer but heck no it isn't.No rapport built yet  COD means cash transaction, and they know you are carrying cash on you. |
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