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 how to invest silver in malaysia

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Nidz
post Aug 9 2011, 03:42 PM

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anyone here buy silver from perth mint directly?
Nidz
post Aug 10 2011, 11:12 AM

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QUOTE(lustman @ Aug 10 2011, 11:06 AM)
too much hassle and the exposure of risk is great. i'll have to pass this offer.

you can buy locally at around RM154/oz (minimum per tube) or less (at the current spot price) which i think is reasonable. and you can have it send straight to your home or COD.

well i'm just saying.....  cool2.gif
*
Bro, im going to buy my first silver. found this from a website, is it a good deal? which one is better?

1oz Canadian Maple 2011
RM 3845 per tube (25 pieces)

1oz Austrian Philharmonic
RM 3050 per tube (20 pieces)

1oz American Eagle 2011
RM 3090 per tube (20 pieces)

thx for ur advice. notworthy.gif
Nidz
post Aug 10 2011, 11:42 AM

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QUOTE(ch1ck3n @ Aug 10 2011, 11:30 AM)
this is a really sweet deal bro.

mind sharing your source? thumbup.gif
*
http://www.silverformalaysia.com
Nidz
post Aug 10 2011, 11:44 AM

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QUOTE(chef @ Aug 10 2011, 11:33 AM)
The price of RM 145 is base on spot price of USD 38.35. it keeps moving and are the price. I have to keep refreshing the page to get the latest total amount. I'm 1 click away to purchase, here's a quick reference :

Spot price : 38.35 (BID)  38.45 (ASK)
Canadian maple x 25pcs 1oz - SGD 58.67 each ( RM 144.33)
- total price : RM 3608.25
Koalas x 25pcs 1 oz - SGD 59.45 each ( RM 146.25)
- total price : RM 3656.25

using exchange rate of SGD 1 to RM 2.46

Total cost : SGD 2,953 (RM 7,264.38)
Minus GST tax : RM 6,755.87

We'll claim tax refund from singapore (you guys have to help me get my GST back too), it's up to you if you want to declare tax at malaysia custom, I'm not asking you to escape tax smile.gif
bro, can share the website? thumbup.gif
Nidz
post Aug 10 2011, 12:50 PM

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im buying my first maple tonight. cool2.gif
Nidz
post Aug 10 2011, 03:31 PM

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QUOTE(beginner2011 @ Aug 10 2011, 03:27 PM)
I bought my Australian Kangaroo Silver High Relief Coin is only at RM375. smile.gif
*
where to get all these rare coins? u buy it from private seller or got people selling online?
Nidz
post Aug 10 2011, 08:15 PM

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QUOTE(lustman @ Aug 10 2011, 04:41 PM)
any newbies interested to buy loose silver bars such as, silvertowne, sunshine, kitco, scottsdale, etc. you need to buy only a few bars - mix n match but strictly COD. the seller puts a time frame for this offer. i bought from the seller b4 a few months ago so maybe i can negotiate the time frame for you but no guarantee. the price at of now is RM140/oz
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U organizing group purchase?
Nidz
post Aug 16 2011, 12:05 AM

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some articles to share with u guys. dunno whether u hav read it or not.

Gold Silver Ratio

Silver Bull Market

both of these are written in Feb 2011 by James Turk, Chairman of Goldmoney.com

Nidz
post Aug 16 2011, 10:50 AM

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QUOTE(beginner2011 @ Aug 16 2011, 10:19 AM)
Yes, silver investment has always a link to the silver-gold ratio since ppl are buying the idea that silver is an alternative investment for gold / a poor's man gold.

You can also check out Mike Maloney articles.

You mention in your previous post you going to get maple? Have you bought it and started investing?  cool2.gif
*
yeah, bought a tube of maples last week. thumbup.gif
my target is to buy 1 tube every 2-3 months. icon_rolleyes.gif
ive missed the stock bull run since 2009-2011 and the recent gold rush.
i hope im not late in joining the silver bandwagon...
haha sweat.gif
Nidz
post Aug 16 2011, 11:58 AM

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QUOTE(spikyz @ Aug 16 2011, 11:34 AM)
at least u have money to buy tube every 2-3 months.

me can only do averaging, every month 1-2 bullion only. haha money kinda limited.
*
hehe.. different people hav different methods la, according to their budget.
the most important thing is, we are actually doing something to improve our life.
rather than most people who complaints alot and refused to take any action.
i believe that everybody can change their life status, provided that they are determined enough and have the will power to change, instead of hoping for help from others. thumbup.gif
Knowledge is power, and that's why the rich are getting richer. they know what to do and they do it. biggrin.gif

just my 2cents notworthy.gif


Added on August 16, 2011, 12:00 pm
QUOTE(keii-kun @ Aug 16 2011, 11:43 AM)
mind sharing the price u get for the maple tube? from silverformalaysia or merlip?
*
silverformalaysia.
at that time, rm3845 for a tube. now i think around 3930

This post has been edited by Nidz: Aug 16 2011, 12:00 PM
Nidz
post Aug 16 2011, 11:50 PM

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QUOTE(mun2 @ Aug 16 2011, 08:10 PM)
IC... thanks for the advise.. Let's say i buy 60 eagles from goldsilver.com (shipping around $155) the calculation will come out to be:

2720 + 155 shipping = USD 2875

the 15% tax will be in USD ?? = USD 143
then say i  use maybank2u foreign telegraphic transfer (max rm10k thus the reason for 60 eagles) and it only charges rm10.
Total purchase price will come out to be rm 9870 (rounded up) and each one will cost rm164 +-

Is this calculation correct? is there any other cost missing?
*
if ure looking for eagles, i think u can purchase it locally.

http://www.silverformalaysia.com/p/bi-weekly-promotion.html

the price here is rm3150 for a tube of 20x 1oz coins. if u buy 3 tubes, around rm9450. u need not worry about tax, shipment risk etc and it is still cheaper than goldsilver.com... thumbup.gif

if ure concerned with the authenticity of the coins, u can ask the seller to weigh it one by one in front of u.
this is what i did.
the seller was very helpful and he shared with me his experience with silver coins.

anyway, im not an agent promoting the website. just a satisfied customer. rclxms.gif
Nidz
post Aug 17 2011, 08:30 AM

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QUOTE(soundsyst64 @ Aug 17 2011, 06:52 AM)
If buy physical silver coins (especially from silverformalaysia), how to sell it back? Planning to get 1 or 2 coins every two months while at the same time take 1 gram of gold into maybank gold acct hmm.gif
*
if u really need to sell, they hav buy back policy.but its 15% less than their selling price.
Nidz
post Aug 17 2011, 12:01 PM

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QUOTE(mun2 @ Aug 17 2011, 11:52 AM)
hi spikyz,

from the term COD means cash on delivery.. but now i'm actually paying in full and get the physical over weekend.. erm is that normal? first time buyer jitters tongue.gif
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normally first time buyer will use COD la, we dont know whether the seller can be trusted or not. but if u trust the seller wont run away with ur money, then by all means, u can proceed. nothing wrong with that.nod.gif
BUT, if something happens, you cant do anything.... that's why we use the term 'buyer beware'.... sweat.gif
honestly, i dun think that the seller will run away with ur money la. but please be more careful in future, especially in first time dealing with a seller. thumbup.gif
Nidz
post Aug 17 2011, 11:29 PM

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QUOTE(cruzzie73 @ Aug 17 2011, 11:13 PM)
I do not know which brand, but its a jewelry scale. And don't know what is the weight limit, coz i have no intention of buying 1kg bars at this moment. lol.  Jokes aside, it should work well with 1-10oz bullions. Will try to get more info from him. If you wish to tumpang order, lemme know.
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bro, im interested too. got more info? pics, spec details etc? notworthy.gif
Nidz
post Aug 19 2011, 03:24 PM

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arghh... the impulse to buy... i cannot tahan...
but... must wait... for glory comes for those who wait for opportunity....
Nidz
post Aug 19 2011, 04:45 PM

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QUOTE(beginner2011 @ Aug 19 2011, 04:35 PM)
Hantam only bro ... ngek ngek ngek
*
hantam, hantam jugak. but i just bought 1 tube last week.
maybe after raya i'll buy summore. brows.gif
Nidz
post Aug 19 2011, 10:29 PM

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anyway, in times like this, those who have contact with other supplier can also share here la.. maybe we can organize some sort of bulk order...
Nidz
post Aug 20 2011, 11:53 PM

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public gold, i dunno.

but u can go to silverformalaysia.com, merlip.lot.my, goldchan's ebay page etc... these silver coins/bars are accepted worldwide.
Nidz
post Aug 21 2011, 01:05 PM

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in previous post, already discussed about list of sellers.
but no one compiled it yet... haha

this is what i can get from a fb group page.

1. Silveray Enterprise - http://silveray.lot.my/
2. Silver Bullion Coin for Malaysians – http://www.silverformalaysia.com/p/bi-weekly-promotion.html
3. Merlip-Merlip Silver Shop – http://merlip.lot.my/
4. Silver Stacker – http://stackers.lot.my/
5. ClickGold2u Silver Coins & Bar – http://www.clickgold2u.com/silver?page=2
6. Silver Bull-lion – http://www.mudah.my/silver-bull-lion
7. One Cheap Silver – http://www.1cheapsilver.com/
8. Silver Bar Coins & Dirhams – http://www.silverkini.com/
9. SILVER INVESTMENT-MALAYSIA - http://silver-investment-malaysia.blogspot.com/
10. True & Trusted Silver (T&T SILVER) - http://www.tntsilver.com.my
11. Pamp Suisse Silver Bullion - http://pamp.lot.my/
12. Silver AG+ - www.silverstore.lot.my
_______________________________________________

Malaysian eBay Seller (Klik pada 'Items for sale' atau 'visit store' pada profile seller) :-

1. SilverMalaysia - http://stores.ebay.com.my/silvermalaysia
2. inthedark957 - http://myworld.ebay.com.my/inthedark957/
3. ngeking252- http://myworld.ebay.com.my/ngeking252/
4. 88shops - http://myworld.ebay.com.my/88shops/


hope this helps

This post has been edited by Nidz: Aug 22 2011, 12:08 AM
Nidz
post Aug 21 2011, 07:12 PM

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QUOTE(property101 @ Aug 21 2011, 03:54 PM)
thanks nidz! wonderful!

for buying in bulk? which one do you guys recommend?

out of all the coins in the market, which coins has the lowest premium compare to spot price?
*
if im not mistaken, american buffalo has quite low premium compared to others. maybe because it has no face value aka not a legal tender.
but, i was told by lustman to concentrate on buying american eagles, austrian philharmonics and canadian maples. these 3 have face values and is considered as a legal tender.
these 3 coins are quite popular and its easy to buy and sell. furthermore, if u buy in tubes, it'll be cheaper than buying one coin by one coin.... thumbup.gif

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