Hi, i'm new to silver investing but have some paper gold.

I usually see gold price (i think for silver too) drops when the stocks goes up.
So i'm waiting for that to happen maybe next month or when QE3 if there is one is announced.

Thanks for the suggestion.

Paper vs real Gold/Silver.
Fiat currency vs Gold/Silver back currency.
The two subject above is just too complicated. Spot gold/silver price is in fiat currency (USD) anyway (confusing!)

It took me 2 - 3 days to read through the whole thread.

Spread for Kijang Emas 1oz gold coin and Maybank GIA paper gold account is less than 5%.
http://www.maybank2u.com.my/mbb_info/m2u/p...cntKey=INV03.03


This post has been edited by getsmart: Aug 25 2011, 05:05 PM

Right, stick to silver topic.

Anyone knows where those silver kiosk found in shopping mall get their silver products?
Maybe they would be interested to sell silver coins/bullions too.
Are there any silver factory in Malaysia?

Wow, just check the price at merlip, silverformalaysia, 1cheapsilver all lowered their prices from yesterday.
This is how free market works and competition works.
If you think they charge too much nothing stops you from bulk buying or becoming a trader yourself.
As more and more people invest in silver premium will only come down as traders can clear their stock quicker and make new orders at lower/higher spot price.
They will tie up a lot of money if they try to hedge against prices going up. Then they are more like speculators instead of traders.

@chef
As someone already suggest, we buy to keep as hedge for inflation. Use money you can do without, not your emergency cash.

When price surge, the sellers would be buying at higher prices too from their suppliers.
Their turnover should be at least 20 x 1oz coins everyday.
Otherwise, i think the reverse is true, too little buyers coz they can't clear their stocks everyday.

Yes, their price increase when spot price increase, but when spot price decrease, we expect them to reduce price also.
Of course, they can choose not to sell when prices are too low. No business wants to make lost unless they closing down.

I haven't finish half watching half of it. Too long
But his point is that there are opposite wealth cycle bet stocks and silver.
So to make wealth, need to sell all silver when silver price has peak then buy stocks.
Then when stock price has peak, sell all stocks and buy silver.
Well, that sounds a lot like timing when to buy/sell stocks which if you can get it right, you will be very rich

And the thing about fiat currency, what's the problem? They probably invented that cause they realize, they can't make more gold/silver.
Imagine there is only 1/14 oz of silver for each person in the world. What can you buy with 1/14 oz of silver?

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Added on August 27, 2011, 12:38 pmGot a question here:
Why is silver coin under tariff code 711810000 - Coin (other than gold coin), not being legal tender http://tariff.customs.gov.my/
?
Silver coins like eagle and maple leafs are legal tender right? So should not be under this code.

This post has been edited by getsmart: Aug 27 2011, 12:39 PM

@chef
I like your way of thinking. Never thought of such extreme case yet.

@lustman
Are you selling or buying? What is kpg stands for?

Another question:
Would silver bar tarnish if exposed to air? How durable is the original plastic sheets that comes with it?
Coz a scottsdate 10oz bar has grooves which allow them to be stacked up. So i suppose they are not meant to be kept inside some air tight material.

@lustman @cruzzie73
Thanks for suggestion on how to store it. Actually i'm not fussy about some tarnish. Just that it will easier to sell a shiny silver bar rather than a tarnished one. I guess we can always clean up the silver before selling it.

I think if have some silver, i'll seal it in a plastic bag before keeping it inside a cheap air tight biscuit container.

Any reason why canadian silver wolf is more expensive than the grizzly?
The silver spot price when silver wolf is minted is lower than when grizzly was minted.
Is it because collectors just want to buy the first one of the series?

My initial interest with silver is that is it the "poor man's gold". Plus i don't like to queue up in maybank to topup my paper gold account with a minimum 5g. However, it seems like for silver i need to go COD with seller since postal can loose your item. If i'm buying 1-2 oz, i'll need to me up with seller every month. Too much hassle.

I guess what i should do is buy silver in bulk like 20 x 1oz coins of a few types. However, since if i can afford to do that, i might as well buy import them directly from overseas. No need for local sellers. After keeping it a few years, when prices are higher, i'll sell them to local sellers at lower prices.

I'm interested with grizzly and wolf coz it has limited mintage. Prices can increase more.

Look at it this way:
If you can buy from here http://www.apmex.com/Product/59296/MintDir...Wolf_Coins.aspx
at their current price of US$1531.25 (around RM4600 or RM184 per coin), would you buy it from me if i sell to you at RM4140 or RM165 per coin?
The answer then would depend on how much your customer is willing to pay for the coin.
The good thing is you can sell 1 coin to your customer first before you buy from me.
The bad thing is you will then have your money tied down to 24 coin.
So it all boils down to demand for the coin or in business term, the turnover of your business.

I think goldchan mentioned the margin is very little like 1% for sellers? Now 1% of 5,000 is 50. If you get average RM50 a day, that will be RM1,500 per month.
Again this means you need to have that much demand/buyers for your silver.
And by buyers I mean buyers of 1oz silver, not 10/20/100oz or 1kilobar, coz those buyers can import direct from overseas.
The target customers should be customers who buy 1-5 oz per month regularly to average down prices or collectors.

I think the term is call bulk purchase or pre-order.

Here's how it works:
Dealer will wait until a certain amount of order is received before the dealer will quote the price.
Of course the dealer will mark up the price by a small margin.
If everyone agrees with the price and spot price hasn't broke a limit set by dealer, then the deal is on once everyone paid 100%.
If someone didn't pay, and the volume is not enough, then dealer will return money back to everyone who has paid.

Is the website www.perthmint.com.au ?
Any idea when the lunar dragon will be available there?

Are there 2 different lunar dragon coins from australia?
The dragon coins chef posted is from Royal Australian Mint?
Another one which is sold out is from Perth Mint?

Anyone bought from here before?
9. SILVER INVESTMENT-MALAYSIA - http://silver-investment-malaysia.blogspot.com/

Can't find any contact info there.

Looking for Andean Cat 2010 and Canadian wolf.
PM me your offer.

I was checking PosLaju for insurance for silver.
http://www.pos.com.my/pos/services/fast_ma.../insurance.aspx

Seems like precious metal cannot be insured.
Excluded Items: Antiques, jewelleries and precious stones / metals

I agree with that. COD only. Unless when I'm the buyer and seller willing to take the risk
That aside, it's not the first time i read about citylink complaints.

whether silver price may go up or down pay attention to USD rate also.

gold and silver is suppose to be inflation proof?
so the price should not go to high or too low in a very short time.
by right it should follow the inflation rate which my guess is around 10 - 15%.
having silver jump 100% from last year is like "hyper inflation"?
is this a silver bubble waiting to burst?