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 how to invest silver in malaysia

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cruzzie73
post Aug 11 2011, 01:33 AM

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QUOTE(lustman @ Aug 10 2011, 10:06 PM)
the offer has closed by the seller.

i'm not organizing a group buy as i'm not keen on silver bars but i know some do. it so happen i knew about it so i just want to pass the info to everyone here. that's all.
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Thanks bro.
If you do come across such deals, do share with us again.
cruzzie73
post Aug 12 2011, 01:23 PM

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Gold and silver buyers should buy with the intention of keeping the value of your current money or hedging against inflation, and not to buy to "invest" to make money. Having incorrect psychology may cause a lot of disappointment to investors. For example: 2kg of gold worth RM350K today, can buy a medium cost condo in KL. By the time 2kg gold value doubles to RM700K, the same condo would also be worth RM700K.

Just look how long it took gold to double to today's value of $1800/oz. When it first hit $900/oz in early 2008, the same condo of RM350K today was worth about RM180-RM200K in early 2008. Similarly, a plate of RM6 mixed rice today would cost about RM3.50-RM4.00 then. Of course, not all items inflated in equal rate, but overall, except fiat currency and salary (also paid in fiat currency), almost everything else moved up in tendam.

So, do not expect the gold that can buy you a car today can buy you a house in 5 years time. But if it does happen that way, we wouldn't mind bcoz we all would have got a big bonus then.

Cheers smile.gif

This post has been edited by cruzzie73: Aug 12 2011, 01:28 PM
cruzzie73
post Aug 13 2011, 08:55 PM

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QUOTE(lustman @ Aug 13 2011, 05:36 AM)
the seller is making a weekend offer only for 1 oz silver bars @ RM142 each - scottsdale (bar and round), sunshine, silvertowne, hereues,kitco, pan-america

Strictly COD at Shah Alam. NO pos allowed.  sad.gif

interested PM me.
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Yeah would like to go and see what he has. Have you dealt with them before?
cruzzie73
post Aug 17 2011, 04:28 PM

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QUOTE(arrsoo @ Aug 17 2011, 02:06 PM)
hmm...where can we buy the troy oz digital scale in KL? issit expensive ah? any idea?
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I'm asking my friend to help me buy one. I think it's around RM80.
cruzzie73
post Aug 17 2011, 11:13 PM

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QUOTE(arrsoo @ Aug 17 2011, 04:48 PM)
Ooo...any particular brand?  can weigh up to how many gm ah?
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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.
cruzzie73
post Aug 22 2011, 12:04 AM

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QUOTE(Nidz @ Aug 21 2011, 11:54 PM)
but, if can go to singapore and buy at their office directly, and somehow manage to get back to msia without paying 15% tax, it'll be quite cheap i reckon.
but still has to factor in transportation costs la. sweat.gif
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If we buy small quantity its better to buy locally, safe the hassle and not take the risks of transportation and tax.


Added on August 22, 2011, 12:06 am
QUOTE(Nidz @ Aug 21 2011, 11:51 PM)
haha... that is not my list. just copy paste it from a fb group. whistling.gif
anyway, how to post in 1st page? i dun hav any post in 1st page, so cannot edit.
dunno whether TS is with us right now or not.. sweat.gif
haha
maybe we can ask cybermaster98 to post it in front page. thumbup.gif
he has few post there... notworthy.gif
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You may wanna add this into the list: www.silverstore.lot.my wink.gif


This post has been edited by cruzzie73: Aug 22 2011, 12:06 AM
cruzzie73
post Aug 22 2011, 12:30 AM

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QUOTE(Nidz @ Aug 22 2011, 12:11 AM)
website added.

yeah, if wanna go singapore and buy, i think at least 100-200oz then only can cover the cost. if buy ,monster box is better la.. haha sweat.gif
if buy 1 tube, its just not worth it. doh.gif
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For coins, if you buy monster box from Singapore, or from anywhere overseas, how do you address the 15% tax at Malaysian customs? If you check the prices overseas, no matter how competitive their prices are, when you add on the 15% tax, at best you are getting a price that's just slightly lower than the lowest you can get in Malaysia. Furthermore, often the customs officer may want to open the seal of the box.
cruzzie73
post Aug 22 2011, 02:19 PM

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QUOTE(hitsugaya2010 @ Aug 22 2011, 01:37 PM)
Hello guys.

Can i buy 1 or 2 oz of silver every month. or u guys recommend i keep some money then buy in a bulk?
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For your case, it is better to buy 1-2 oz a month. If you wait until you can buy 10-20oz at once, the price might have changed, and the volume discount is not much (10-20oz) is not really considered bulk purchase. And when you consistantly buy some every month, you can average out your buying costs, that would take care of the silver price fluctuation overtime.

If you are interested, you may visit the websites given earlier, or go to www.silverstore.lot.my

Cheers
cruzzie73
post Aug 22 2011, 03:25 PM

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QUOTE(GoldChan @ Aug 22 2011, 02:51 PM)
even for maple when U go for assay test U get maybe .992 0.995 due to surface impurity.
so if they say .99999
I don;t believe it at all, unless they can show me their assay record from reputable assayer.
otherwise, it just a print and nothing else.
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If they claim it's 99.99999 then it's probably not true. But if they say its 99.999%, then ask them where is the origin of their silver.

Their answer should give you a clue whether they are just claiming something without any substance, or they really know where to get the purest silver to mint their coins. There are a certain origins where you can get the purest silver.

Even then, is there any credentials to show their silver is really from that place?
cruzzie73
post Aug 23 2011, 03:12 AM

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QUOTE(chef @ Aug 22 2011, 10:26 PM)
Actually, if manipulation is over, silver price will shoot up. It's the big bank and country who is pushing down the price of silver. Else as many expert say, the silver is under priced now, so the natural way now is up.

Of course I'm no expert, but to hope it will come down to below USD 41 is a little too much to ask. Personally I was hoping the price will come down for me to buy another scottsdale prey bar and kilobar before it shoots up, but everyone in stock market or commodity market always have this wish.

Thought 1 : I wished I have bought more!! I would have made so much more. (Sounds the same as "I should have bought 1234 with 4D, now I will be rich!")
Thought 2 : I wish it will come down so I can buy and see if go up again. (Honestly, if you see the price drop to USD 41 or USD 40, you will probably still not buy thinking that it may go down even further)

and many more wishes. What I'm saying is, buy at your target price with SPARE CASH, Sell at your target price when it hit. Then forget about the market until you see a new trend again. Never regret and follow through your plan target.

Anyway, I still think silver is cheap, you should just go buy some more with your spare cash, and wait to sell it off to those who enter the market at USD 50 per oz. smile.gif yupee!!
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I am planning to bring in some Scottsdale bars, just pending few more friends to confirm their order. If you wish to order, PM me your quantities. The price is going to be very good but cannot confirm until that few friends confirm their orders. Tentatively tomorrow evening (23/8) we will confirm all orders and get the price confirmed too.

But due to good demand, delivery lead time is expected to be 2-3 weeks. If we get a few orders from this forum, then we can make one date and gather at one place for collection once the goods arrived. Then we can have an informal gathering to get to know each other in person, face-to-face.

Cheers
cruzzie73
post Aug 23 2011, 09:12 AM

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QUOTE(chrischin @ Aug 23 2011, 09:02 AM)
What is the bar size/weight? I am keen if the price is reasonable. Thanks.
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They have bars of sizes from 1oz, 5oz, 10oz, and 100oz. They also have 1oz rounds. Price will be reasonable, please PM me your intended quantity. Will update you once price is confirmed, then only you confirm your quantity.

Cheers.
cruzzie73
post Aug 25 2011, 12:31 AM

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QUOTE(property101 @ Aug 25 2011, 12:08 AM)
a question, wonder how the sellers handle the volatility of the spot price. consider this scenario, today's morning spot price is usd40, one customer called u to locked the price and promise to bank in money to you on next day. but in the night time, price falled to usd38, assuming this client is buying a large amount like 30-50oz at a go, and he say he want to cancel the morning order  (usd40) and place a new order at night time price (usd38), is it common for the seller to agree to this? or is there anything the seller can do?
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The seller may or may not agree to this. But whatever his decision would be, he will be a lot more cautious with this buyer in future. Insurance measures to cater for this buyer's tendency for changes may be implemented, like asking for payment in advance, higher deposit, shorter timeframe for payment, or put in higher margin, etc. Some sellers may even blacklist the buyer.

So a buyer who does this may get a slightly better deal for 1 time, but may not be able to get anymore good deals in future.

Personally I feel that to be a successful seller, buyer, or investor, integrity is a very important criteria. We cannot do it alone, and people that will become our partners of success are drawn to us by our good integrity.


Added on August 25, 2011, 12:37 am
QUOTE(GoldChan @ Aug 24 2011, 10:43 PM)
Hi,
let make things simple. Can offer to you all Morgan, Sunshine or silver towne 1 oz bar :- RM143/oz COD 1st come 1st serve.
self-collect cyberjaya. min order 20 oz per person. valid till spot < USD41.50
Interested email me wkchan1991@gmail.com
COD by Thursday.
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Hey GoldChan, spot dropped <41.50 too fast. When I saw your msg it's already wayyyyy below. LOL
Too bad, will have to wait for another good offer.

This post has been edited by cruzzie73: Aug 25 2011, 12:37 AM
cruzzie73
post Aug 25 2011, 05:57 PM

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QUOTE(chrischin @ Aug 25 2011, 04:39 PM)
You can certainly consider UOB. They have got limited stock in PJ State branch. Likely to get stocks @ their head quarters in Jln Raja Laut.

The most reasonable spread (buy / sell difference) is Maple leaf and Aussie nugget 1oz coin. Their spread used to be RM86 but increased to RM186 now (if memory serves me right).

Mind you, their 1oz coins, though the cheapest sold at the bank, is still higher (comparatively) than what you can find at 1stopgold and mysmartgold.
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UOB's stock is usually limited. I heard they do not import the bars from suppliers but rather they buy from people who is willing to sell at a discount, and then the bank sell back out to the market and make some profit. They only sell whenever they have stock.


Added on August 25, 2011, 6:07 pm
QUOTE(Taka_0 @ Aug 25 2011, 04:10 PM)
could u guys provide some comparison prices to supprot your claim?
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If a few forum members here give consistant feedback abt a certain product or dealers, the information probably has higher credibility than information that has not been confirmed by others.

Bro, we are not claiming anything here, we are merely sharing what we found. With these information shared on this forum, it already helps you do your due diligence easier and faster already. You have to do some work on your own to verify.


This post has been edited by cruzzie73: Aug 25 2011, 06:07 PM
cruzzie73
post Aug 25 2011, 06:38 PM

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They probably buy scrap silver to make their products. Yes there are silver factories in Malaysia.

Have anybody looked into scrap silver before? I know there are offers in the market for scrap silver that's about RM20/oz below bullion bars.

This post has been edited by cruzzie73: Aug 25 2011, 06:41 PM
cruzzie73
post Aug 25 2011, 09:58 PM

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QUOTE(chef @ Aug 25 2011, 09:43 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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Come to this forum and look for buyer, or go to your usual dealer.
cruzzie73
post Aug 25 2011, 11:41 PM

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There is really no fixed rule or "best pricing" in relation to spot price. As long as your offer price is acceptable to a buyer, it's on.
Buaya help to provide support to silver price. Whenever there is cheap meat, they (we) will sapu them all.

This post has been edited by cruzzie73: Aug 25 2011, 11:42 PM
cruzzie73
post Aug 27 2011, 10:10 AM

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Right, it will always be like that, when there are plenty of sellers and few buyers, some sellers will have to close shop and leaving only few surviving, in the end, back to the same situation where the market can only support that number of sellers. And yes, when we buyers wanna liquidate our bars and coins, we become sellers, and we would move our selling price according to the prevailing spot price either. Wouldn't we?

Chef, I have some eagles, phils, and koalas, looking for other coins for exchange. Should we do one round of exchange first? And the boxes, can i have them? And chef, do you really cook? I mean in real life, are you a chef?

Cheers

This post has been edited by cruzzie73: Aug 27 2011, 10:37 AM
cruzzie73
post Aug 27 2011, 05:17 PM

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Those vacuum plastic covers are fine but if it splits open, just use cellophane tape to seal it back. Otherwise the area near where it splits may turn copperish.

There is no guarantee though even in tubes or air tites, I have coins in tubes and air tites that developed milk spots. Air tites are better in protection though, but takes up a lot of space when u have lots of coins.

Btw, I got a friend who keeps some silver and gold in his wallet, he got stuck in Egypt during the riot and actually used gold to buy flight ticket out of the country, when credit cards were not acceptable.

This post has been edited by cruzzie73: Aug 27 2011, 05:25 PM
cruzzie73
post Aug 28 2011, 12:51 AM

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Yeah, me too, am looking for small qty of:

1. Kooks
2. Taku
3. Libertad
4. Engelhard 1oz bars

Either exchange or sell, both ok with me.
cruzzie73
post Aug 29 2011, 10:33 AM

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Good choice, Hazwan.

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