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 how to invest silver in malaysia

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chunyen2020
post Aug 5 2011, 04:15 PM

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QUOTE(Taka_0 @ Aug 5 2011, 02:28 PM)
Hmmm. Is there any possibility for this price to come down at 35usd/oz? Or we reach d supportive level at 39?
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According to the price graph, it should have. IMO, it's gonna stray at 39-40 for few days and whoosh up up away.


Added on August 5, 2011, 4:17 pm
QUOTE(smokymcpot @ Aug 5 2011, 03:54 PM)
If you guys had rm 1k to invest, would you get a 1/10 oz. and 1/20 oz. gold bullion coin or get 6oz of silver bullion coin? Do give your reason also. Thanks
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Read from the first page.
I'll say get silver bullion coin.
Silver has a higher potential of earning than gold.
ie, you need to come out with a lot more model to earn more in gold.
Get silver bar from public gold if you can.
Bars have less premium than coins.
For now one 250gram cost about 1.2K, 5:05PM.

This post has been edited by chunyen2020: Aug 5 2011, 05:05 PM
chunyen2020
post Aug 5 2011, 08:24 PM

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QUOTE(smokymcpot @ Aug 5 2011, 09:17 PM)
True that. Will get silver bullion coins smile.gif
*
Hmmm, which coins are you getting?
Any sneak price? tongue.gif

chunyen2020
post Aug 5 2011, 11:55 PM

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QUOTE(smokymcpot @ Aug 6 2011, 12:19 AM)
Hahaha. Still waiting for my dealer to quote me. Should be around 150/160/oz. Getting all the 3 legal tenders. smile.gif
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Eagle and Maple? hmm.gif
chunyen2020
post Aug 6 2011, 12:36 AM

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QUOTE(smokymcpot @ Aug 6 2011, 01:14 AM)
Not forgetting philharmonics. biggrin.gif Really beautiful coins smile.gif Using RM1K in shares and another RM1K in silver. Hope the returns are worth it
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Kookaburra as well, but I don't enjoy it that well. =P
I've eagle and maple and pamp suisse. tongue.gif
Pamp suisse is a big beauty!
chunyen2020
post Aug 6 2011, 12:47 AM

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QUOTE(smokymcpot @ Aug 6 2011, 01:40 AM)
Yeah, but very expensive laa. Prefer getting silver bullion coins which are legal tender. For me, the kook is more like a numismatic coin. So yeah. biggrin.gif Only that 3 I will consider getting biggrin.gif If you interested in numismatics, get the andean cat 2010. Only 2000 mintages smile.gif RM38.01/oz biggrin.gif AHAHAHA Price masuk longkang
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I got ten of those at 17X blink.gif
hmm.gif Nyah, not really into numismatic.
USD 38.41 now.
Having correlation now, I think. hmm.gif
chunyen2020
post Aug 8 2011, 03:37 PM

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Most of the dinar and dirham are not in pure gold or silver, normally mixed with other metal.
So far from what I heard from my friend, some of the pawn shops at Kelantan don't accept them.
chunyen2020
post Aug 8 2011, 09:44 PM

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QUOTE(beginner2011 @ Aug 8 2011, 09:34 PM)
pamp suisse bars got cert? It's only the serial number printed right? smile.gif
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Maybe some of them get another check up from other assayers? hmm.gif
ANW, the packaging of Pamp is already included the verification from assayer.

chunyen2020
post Aug 9 2011, 10:38 AM

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QUOTE(lustman @ Aug 9 2011, 06:52 AM)
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.


Added on August 9, 2011, 6:00 am

now you're trading silver, so you're a towkey or towkeyso (female boss). i think it's in hokkien.  thumbup.gif
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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 biggrin.gif
Most of the time I heard that silver is an investment, so I wanna listen about silver isn't an investment.
Please enlighten me blush.gif

chunyen2020
post Aug 9 2011, 12:23 PM

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QUOTE(SRDCglobal @ Aug 9 2011, 12:47 PM)
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
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I see, the hedge for inflation. tongue.gif
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? tongue.gif


Added on August 9, 2011, 12:27 pm
QUOTE(spikyz @ Aug 9 2011, 01:15 PM)
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?
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That's true. Most people saw the gold rush and heading for it. biggrin.gif
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
chunyen2020
post Aug 9 2011, 09:43 PM

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QUOTE(8181 @ Aug 9 2011, 09:55 PM)
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  wink.gif

Anyway I've send an email to PAMP, will update once I get a reply.
*
Hope to listen from you soon.
Thanks for the share in advance.


Added on August 9, 2011, 9:45 pm
QUOTE(lustman @ Aug 9 2011, 07:08 PM)
sorry chunyen2020 if you don't understand cos i'm lazy to type  sweat.gif

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.
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Got the idea after a length explanation from SRDC. =P
I actually got into silver due that I see it as a term of investment.
Well, it did correct me in a certain ways. =D


This post has been edited by chunyen2020: Aug 9 2011, 09:45 PM
chunyen2020
post Aug 10 2011, 09:34 AM

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QUOTE(chef @ Aug 9 2011, 11:55 PM)
Yup, they really are the cheapest in the market. Do you know anyone selling canadian maples silver cheapest in singapore and malaysia? why aren't the maples price highest? since their purity is 9999, I would have thought they command higher premiums.

Sorry, still new to this, but bought quite a few bars from goldchan and some pamp suise silver, now I will complete my investment/collection with 1 pc of kilo bar and some coins.


Added on August 9, 2011, 11:03 pmHey guys!!

Can anyone tell me where is the best place to buy canadian maples or koala in singapore or malaysia? so far I found the lowest price is RM 145 each with 25 x 1oz purchase. Cheaper with purchase of more than 500 pcs, but no money to buy so many lah.

Let us know o.k?
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If RM145, I also wanna take la. thumbup.gif
I can share for 100x1oz. icon_rolleyes.gif
chunyen2020
post Aug 10 2011, 10:41 AM

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QUOTE(chef @ Aug 10 2011, 11:29 AM)
O.k. guys, it's in singapore and we have to make payment as per usual, within 24 hours, and self collection. We have to act fast in case the price jumped, how should we proceed?

By the way, as long as anyone of you are malaysian and NOT working in singapore or PR, we all get another 7% off!! so imagine RM 145 plus another RM 10 off.

So let's see if we can get a few of you, gather enough money to buy 500 pcs (I'm buying 25 maples and 25 koalas, the rest is out of stock) all meet up in singapore this few days (if you can't come, get some one to come lah, unless you trust us with the money) make the purchase and payment within 24 hours, collect the goods the next day, fly or drive out from singapore, get back the GST you paid (that's where the 7% off comes from) and we're done!!

Sorry I don't have so much money to pay for 500 pcs on your behalf, but I will drive you guys around. If you need low cost accomodation ( about SGD 90 a day) I can arrange. maybe you guys can take this opportunity to tour in singapore too and visit the universal studio! smile.gif
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Ermm, the RM145 is not inclusive of M'sian govt tax yet, right?
ANW, who's going SG? hmm.gif
chunyen2020
post Aug 13 2011, 11:15 AM

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I think silver is just waiting for QE3.

The gold price spike is due to Ramadhan and Indian festival. luls
chunyen2020
post Aug 20 2011, 09:00 AM

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Anyone wanna share buying the 25 x Pamp silver bar 1 oz?
chunyen2020
post Aug 21 2011, 01:27 AM

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QUOTE(cybermaster98 @ Aug 21 2011, 12:15 AM)
Guys, wheres the best place to buy silver in KL and how much? I mean legitimate silver and not some unpure version. Ive already invested about 400g in gold since last year so am looking to go into silver now.

Is the silver from Public Gold authentic? Can it be sold anywhere? International?
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Sure can. Problem lies with the price.
chunyen2020
post Aug 25 2011, 01:12 PM

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QUOTE(Jactiego @ Aug 25 2011, 12:51 PM)
where can purchase silver? i saw public gold sold silver , but if i buy with public gold , when the silver rising , where i find buyers to buy silver with me?LOL
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You can always sell back to public gold. =_=
ANW, if you wanna sell to other people, what normally people does is that they sell at the price of the middle of buying and selling price of public gold.
chunyen2020
post Aug 26 2011, 01:25 PM

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QUOTE(chef @ Aug 25 2011, 10:43 PM)
Ha ha, I think that someone was me.

Anyway, I was asking, in case these really spare cash is suddenly needed (like hospitalised or accident) and we need it liquidated fast. Any ideas or place?
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LYN or eBay? hmm.gif
That's how I do.


Added on August 26, 2011, 1:31 pm
QUOTE(smokymcpot @ Aug 26 2011, 02:19 PM)
Selling 1world Dirham smile.gif .99999 purity. Comes with box and official receipt from auruma. Ready stock. PM me for price.  Selling American Silver Eagle's also. RM167/oz. Take all 3 is RM500. All comes with air tite.COD only at PJ Hilton, Asia Jaya LRT, Taman Jaya LRT and strictly no postage.
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Year of the silver eagle coin?

This post has been edited by chunyen2020: Aug 26 2011, 01:31 PM
chunyen2020
post Aug 28 2011, 10:46 PM

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Got few Pamp Suisse 1 troy oz.
Anyone willing to trade for coins+top up?
chunyen2020
post Sep 2 2011, 10:36 PM

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I was like praying the silver price to drop once again of USD 38.
LOL
chunyen2020
post Sep 2 2011, 11:04 PM

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QUOTE(Quinn @ Sep 2 2011, 10:41 PM)
I was expecting a big bull instead! Not forgetting gold too.
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Yea. I expected bull price coming soon.
But in my deep heart, I want the price to go down. (will only get my money next week =.=)
tongue.gif

Gold is gonna soon making its way to the next support.

BTW, I've read up the links at your siggy.
I'm really really new on that thing, had few questions with it. hmm.gif


Added on September 2, 2011, 11:06 pm
QUOTE(chef @ Sep 2 2011, 10:43 PM)
Let's hope both your dream comes true....

Go to a Big bull at USD 50, then back down to USD 38... smile.gif

chef
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I doubt that. hmm.gif
When it reaches USD50, it's entering the second phase, which is the kickstart of the real bull.


This post has been edited by chunyen2020: Sep 2 2011, 11:06 PM

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