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how to invest silver in malaysia
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happy_ending
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Oct 21 2010, 01:09 AM
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New Member
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QUOTE(SeeD @ Oct 1 2010, 04:22 PM) Silver was priced at $25-27 per ounce 2 months ago? You might want to double check again because Silver just hit a 30 year old high about a week ago at nearly $22 something. if u are interested to trade in silver.. u have an option to invest in silver futures which is a benchmark for silver price.. this is a product which is listed in CME.. u need details.. PM me..
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happy_ending
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Oct 23 2010, 03:38 AM
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New Member
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QUOTE(kefircurious @ Oct 22 2010, 10:33 PM) Investing in 1kg won't get you any where. In early 1995 silver was USD4.60 an oz. New York closed at USD23.168 on 21st Oct. You have missed the boat. Gold was less than USD400 in early 1995. New York closed at USD1325.70 last night. In terms of percentage increase silver has outperformed gold. You do not invest in physicals for the simple reason that a premium would be charged; could be over a dollar an oz; coins attract higher premiums; so do smaller bars. I do not think it is very feasible to invest in silver and gold here unless it is for long term; the buying and selling difference is too great (based on Public Bank's current gold rate the price difference is about USD51 per oz.); meaning it has to shoot up RM5260 per kg. before you could make any profits. If you are looking at a bigger volume maybe you could try MKS Precious Metals Sdn. Bhd. in K.L. otherwise you may have to go to Singapore and trade. You could track the activities of both at kitco.com. Goodluck! Added on October 22, 2010, 10:50 pmVery wise remark! Nobody's buying when you want to sell your physical silver grains or silver bars. So you buy and keep at home eh? Then the burglars come and korek everything away! Just buy in paper form then can sleep in peace. Beside physical silver, why not consider about Silver in Futures Market? this is a worldwide benchmark for silver price. U dun have to pay for premium. Added on October 23, 2010, 3:42 amfor commodities prices right. it is actually refer to a benchmark which is heavily traded by miner, speculator and producer. Such investment can be made without holding the physical. the cost of holding physical product is high and expensive.. This post has been edited by happy_ending: Oct 23 2010, 03:42 AM
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