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 how to invest silver in malaysia

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magpie9
post Jul 7 2011, 06:01 PM

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Hi Everyone,

Anyway i am newbie here, but i am not new in investing in silver. I usually buy from www.silverformalaysia.com as i am tube buyer and they can provided very good service and mostly important they can give me a very good pricing. Anyway anyone know where can i get Australian Kangaroo (the one from royal australian mint)? Thanks
magpie9
post Jul 7 2011, 08:25 PM

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QUOTE(jphlau @ Jul 7 2011, 08:08 PM)
direct from perth mint??
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The australian kangaroo i want is not from Perth Mint but is from royal australian mint.
magpie9
post Jul 7 2011, 09:01 PM

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QUOTE(lustman @ Jul 7 2011, 08:49 PM)
i read they are out of stock. maybe i'm wrong
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Yea indeed it is out of stock.... trying to get from some reseller who has it.
magpie9
post Jul 8 2011, 02:46 PM

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QUOTE(GoldChan @ Jul 8 2011, 08:42 AM)
how much they sell U for 1 tube silver. ?


Added on July 8, 2011, 9:34 amGot people sell cheaper than me. So it better u get from them instead. check around, U can find who are they
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Erm cant give you the exact pricing le but a month i will get 2 tubes or more abit (depends on my pocket also smile.gif ). Anyway their price fluctuate according to spot price. You can check out their website but can always sms or email them for better pricing.
magpie9
post Jul 14 2011, 12:08 AM

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QUOTE(GoldChan @ Jul 13 2011, 10:37 PM)
just watch out for rapid price movement from now on.
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Hitting USD 50/oz this time ?? cool2.gif

I think doing monthly averaging is still the safest way looking at the price volatility smile.gif
magpie9
post Jul 14 2011, 11:44 PM

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QUOTE(nond @ Jul 14 2011, 10:41 PM)
Hi any1 got silver britannia 09 08 n 07? (or other year)
any1 interested in silver american eagle 2008 n 2010 ?
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I only have 2010 and 2011 as collections ... if you find 2009, let me know as well ... biggrin.gif
magpie9
post Jul 15 2011, 10:41 PM

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QUOTE(smokymcpot @ Jul 15 2011, 09:49 PM)
Okay, I have RM1K to spend. Should I get bars or coins? Do tell me why. Thanks. Can recommend me someone who sells them at an awesome price. Thanks!
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what silver you currently have? i'd seen some of your previous post that you trying to sell some of your silver coins too smile.gif
magpie9
post Jul 18 2011, 07:00 PM

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Seems like Silver is goin up very strong.....
magpie9
post Jul 18 2011, 07:55 PM

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QUOTE(benedict1213 @ Jul 18 2011, 07:54 PM)
don't panic!  fear is all around.. you will paying 'premium' if you enter now.

No deal, is a good deal!  Relax!


Added on July 18, 2011, 7:55 pm
don't panic!  fear is all around.. you will paying 'premium' if you enter now.

No deal, is a good deal.
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haha thanks for the advice..... ok i will hang on..... Lets see how it goes when US comes in for the day.....
magpie9
post Jul 18 2011, 08:34 PM

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QUOTE(benedict1213 @ Jul 18 2011, 07:56 PM)
you study silver spot chart and fundamental news too?
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Yup, i think most of the forumers here also do that smile.gif

I'm not buying now until Aug 2nd. Want to see what's the BIG PLAN from US for their debt ceiling...

I started buying my silver at USD13++ then USD27++ and recently at USD 34++ smile.gif

magpie9
post Jul 19 2011, 12:38 PM

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QUOTE(alin14 @ Jul 19 2011, 12:51 AM)
K.. thanx for the info. bought the transformers set from perth mint. it's been 2 weeks now. hope it'll arrive safely and smoothly. my first purchase from perth mint.  sweat.gif
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PERTH MINT use fedex. You can always check the tracking number from fedex site.
magpie9
post Jul 20 2011, 10:40 AM

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QUOTE(alin14 @ Jul 20 2011, 12:58 AM)
I've checked on fedex' website using the tracking number given on perth minth's website... but the result was invalid .. am i supposed to be worried??  sweat.gif Aiseh .. suspen la ni
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No worries you can always check back with perth mint, they're quite efficient.

I deal with them for 4 transactions and they sent by Fedex. Normally I will get the stock within 5 working days.
magpie9
post Jul 22 2011, 10:15 AM

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Kitco is currently having promotion for 1oz maple 2011. If you're buying bulk can consider getting them in kitco

https://online.kitco.com/bullion/completeli...er_Maple_150711
magpie9
post Jul 22 2011, 09:21 PM

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QUOTE(3think @ Jul 22 2011, 07:02 PM)
which coins do you guys think it's worth to invest?

for me, chinese pandas followed by american eagles.
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Both have the same amount of silver but panda has a higher premium. Following coins are good for investment. Just what i think. Thanks

* American Silver Eagle
* Silver Canadian Maple Leaf
* China Silver Panda
* Austrian Silver Vienna Philharmonic
* Australian Silver Kookaburra
* Mexican Silver Libertad
* British Silver Britannia (highest premium compare to all the coins above)

magpie9
post Jul 23 2011, 11:29 PM

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QUOTE(beginner2011 @ Jul 23 2011, 11:15 PM)
Which INVESTMENT COINS do you like most among those listed below?

1. American Eagle
2. Canadian Maple
3. Canadian Grizzly Bear
4. Austrian Philharmonic
5. Chinese Panda
6. Australian Kookaburra
7. Australian Koala

For me I prefer Canadian Maple and Chinese Panda the most smile.gif What about you?
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I have all the above but I keep Maple the most. I like maple the most because it has the highest face value CAD $5 and higher purity (.9999) than the others

I find that most Malaysians doesn't quite like American Eagle and Australian Koala. But I'm not too sure what's the reason.
magpie9
post Jul 29 2011, 03:33 PM

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Kookaburra is a very choice. smile.gif

For those limited mintage bullion coins that the design changes every year, it's worth to invest or buy as collection. Below is some info about the coins and current pricing at spot USD39 - USD40.

1) 1oz Chinese Panda 2011
- 3,000,000 mintage
- RM170 - RM175

2) 1oz Australian Kookaburra 2011
- 500,000 mintage
- RM 170 - RM 185

3) 1oz Canadian Grizzly Bear 2011
- 1,000,000
- RM 168 - RM 175

I believe if you buy bulk the price will be cheaper smile.gif

The above just serve as a reference based on my research from a few suppliers.

magpie9
post Jul 31 2011, 07:38 PM

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QUOTE(beginner2011 @ Jul 29 2011, 01:06 AM)


Added on July 29, 2011, 1:34 amGuys, check this out about AURUMA INTERNATIONAL. I was surfing and found some reviews. Below is the snapshot.. read the full article from the below link.

http://www.aurumainternational.net/

I have to agree that aurumainternational.com is very much into MLM and not about silver investment ! The price is crazy because they need to pay commission for the member !

If you're a pure investor, it's better to avoid buying from Auruma. My friend regretted of joining cause he never gets to buy cheap silver and on top on that need to pay USD299 to join as member. The USD299 is paid just to activate your account as member so that you can start receiving commission if someone joins.


This post has been edited by magpie9: Jul 31 2011, 07:43 PM
magpie9
post Aug 1 2011, 10:54 AM

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QUOTE(shadowxe957 @ Jul 31 2011, 11:50 PM)
Hi everyone,
From recent post I discovered most of you are badmouthing to Aurumainternational. I really do not understand y need to attack one party. I can only say that if u r looking for bad news about the co. then u get what you want. if u look from good side then u get what u deserve as well.
It doesn't really matter it is MLM, direct marketing or whatever marketing strategies. n if your company maketing strategies is dif from others and ppl also badmouth about ur company. how you feel?
Overall, I mean you can discuss about silver-related info, but hope you all avoid to attack one party with or without intention.

this is only my personal poin of view, please do correct me if i've done sth wrong.

Regarding to the commission, my friend is the Auruma insiders. so they only pay 0.5% of the sales. so the agent sell $100, then they only get $0.5. if you think this is scam, you better sue or attack goldsilver.com as well.(they have the similiar commission based sys)
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Hi shadowxe957,

Please do not get me wrong. My point is saying that if you want to invest purely in physical silver, auruma is not a good choice considering the MLM scheme they have put in place. If you want to start up your own business then that could be a platform for you. Just a very simple theory! Investors will always want to get silver at good price for investment smile.gif


Added on August 1, 2011, 11:06 am
QUOTE(spikyz @ Aug 1 2011, 07:28 AM)
Btw i found out that coin seller in Malaysia usually up around 40% from spot price. For example, during time i bought silver coin, the spot price is 40usd=120MYR, and the seller are selling maple around 168MYR which is exactly 40% above spot price. Okay i know that custom tax is 15%, but where does 25% comes from? the mintage and transportation cost? could someone share info how the breakdown is? anyway 25% seems okay actually..haha but im just curious to see how the calculations are.

and 1 more question regarding perth mint.
1. If we buy more than 300AUD, the postage will be free? and how much they selling the normal silver coin (let say maple or phil) above spot price? is it worth it to get it from them? is it cheaper than buying from them rather locally?
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Actually we have to focus more on the spread rather than the premium.

SPREAD = Difference between buying and selling price

For instance:
Maple is selling at RM160 at the spot of USD 39.50. The spread given by the seller is 15%

SELLING OUT:
(SPOT * EXCHANGE RATE) + PREMIUM
= (USD 39.50 * 3) + 35%
= RM160

BUYING BACK:
RM160 - 15%
= RM 136

This means that even the seller is selling at 35% above spot. But in actual, you're only paying for 15% spread.


The tip is, check out the spread from the seller you buy from. They will already have the formula.

This post has been edited by magpie9: Aug 1 2011, 11:10 AM
magpie9
post Aug 11 2011, 01:25 AM

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silver price should start moving after all the margin traders and speculators were chase off partially after the last few days dip smile.gif

gold has appreciate a lot but silver has yet to move. The ratio is getting bigger, it suppose to move closer instead smile.gif

Good luck guys !
magpie9
post Aug 11 2011, 09:42 AM

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QUOTE(SRDCglobal @ Aug 11 2011, 09:28 AM)
Gold has been in a bull run since the announcement of US debt ceiling increase on Aug 2, and S&P rating on that weekend.
Silver remained slow so that people like us can buy physical silver at a lower price while waiting for it to go sky rocketing like the gold!!!

silver may start its journey when it breaches the $40/oz mark..maybe..
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well said rclxms.gif

we need to be reminded that silver is not being use as a reserve for a country and it's still an industrial asset, thus the movement will not be as much as gold.

For example, south korean government has bought USD 1.24 billion gold in recent. The last time they bought was 10 years ago. so of course the movement for gold will be very much greater than silver.

but eventually it will move to USD100/oz ... rclxm9.gif

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