in my opinion, if you want to make money in silver short terms, don't go physical. yeah i know, everyone will be telling you to go physical and no paper silver.

but the problem with physical silver in the short term is, you can't liquidate it fast enuf. with paper silver, you can convert it back to money much faster. buy it low today, and if it shoots up in the next few days, liquidate ur paper silver and lock in the gains. but problem is, there isn't any paper silver in malaysia and for paper gold, the spread is too wide.

benedict1213 ... i understand how you feel. when the price of silver was rising a few months back, all the seller will be changing their price upwards by the minutes, saying cost is high, price is high, silver is in bull ... but when silver is tumbling down now, they give you another reasons.

anyway, i am not looking for sellers, they have their ways of getting their stocks. i just plan to get some silver from company oversea and see if there's any buyer or investor who are willing to pool in and share the shipping cost. on average, it is still cheaper than most sellers is selling in malaysia, including tax.

Well U can join forces! may the force be with U. I tried b4, but nobody want to share with me 2 yrs back. So I quit and startup silvermalaysia at ebay, sell at higher price lah. One thing to remember "Prisoner dillemma" ok.
In case, you can find anyone to co-share, then U can always email me and work out a deal for pre-order.

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Added on May 7, 2011, 9:24 am

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Added on May 7, 2011, 9:29 am

Since it is in SG, you need to consider the forex and the time spent there.
U can only do it over the counter.

http://silvermalaysia.blogspot.com/2011/04...pm-trading.html

OMG, spot has dropped that much!! I just bought some bars 2 days ago. If it continues to drop, looks like I need to buy some more to average out my cost of purchase. Is the price going to go down some more? Seeking opinion from the Sifus here.

IINM, its 15%

My understanding is all imported coins are with no legal tender status. Only BNM can issue coins with legal tender status recognised by Malaysian Government. In other words, all imported silver coins are subjected to 15% tax.

Yup, it's true,

It's always a gamble to import to malaysia, especially when your items are in thousands and it's small, they will even want to check more. Either they hold your goods until you are willing to pay or they auction it off if unclaimed.

I've imported many different types of items to malaysia, anything that did not go under their radar, they will slap at least a 10% sales tax or something. So it doesn't mean your cost are fixed at certain amount until it has arrived at your house and no extra tax to be paid required.

Best person to ask is GOLDCHAN, he has been importing bars and coins for past year and he can tell you all the story about his goods stuck for weeks while the price of silver just roll down the hill..

chef

PS So to correct 3think post, the custom will tax anything they think is taxable, and they are allow to use MARKET price in malaysia as a gauge to charge the tax, does not mean you declare RM 10 means they tax you RM 10. They can check with a few source and come back to you saying your goods are RM 200 and you have to pay whatever tax they impose, don't play play with the custom. I've 9 years of experience importing other goods, it's never fixed. Those who told you it's o.k are those who have not enough years with importing goods.