Those who want to buy Paper silver can do so buying ETFs in the U.S mkts....it trades like a stock....pay only brokerage of 0.15% ++ much lower than the spreads for coins

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Added on October 19, 2010, 8:00 amhttp://goldsilvermalaysia.com/sg-American-Gold-Eagle-Coin/

WoW! Very pricey!

You can get some of their items cheaper at UOB or ebay.

This post has been edited by prophetjul: Oct 19 2010, 08:00 AM

http://www.reuters.com/article/idAFN...7?pageNumber=2

UPDATE 3-JPMorgan, HSBC sued for alleged silver conspiracy


Wed Oct 27, 2010 6:16pm EDT

Commissioner Bart Chilton added that there had been "fraudulent efforts to persuade and deviously control" silver prices. [ID:nN26129046]

A CFTC spokesman said the regulator does not comment on investigations, and would not discuss the investor lawsuits.

Earlier this year, the CFTC began looking into allegations by a London trader that JPMorgan was involved in manipulative silver trading, the Wall Street Journal said on Wednesday, citing a person close to the situation.

Silver prices have faced regulatory scrutiny in the past, perhaps most prominently after the Hunt brothers in Texas in 1980 attempted to corner the market, driving prices above $50 an ounce. The price later plunged.

Since the CFTC began its probe, spot silver prices XAG= have ranged between $8.42 and $24.90 an ounce, Reuters data show. They traded Wednesday at roughly $23.53. Silver futures prices SIc1 are up 39.1 percent this year.

The cases are Beatty v. JPMorgan Chase & Co et al, U.S. District Court, Southern District of New York, No. 10-08146, and Laskaris v. JPMorgan Chase & Co et al in the same court, No. 10-08157. (Reporting by Jonathan Stempel; Additional reporting by Elinor Comlay, Jonathan Leff, Carole Vaporean in New York and Roberta Rampton in Washington, D.C.; Editing by Steve Orlofsky)

http://www.bloomberg.com/news/2010-0...evictions.html

JPMorgan Chase & Co. and HSBC Holdings PLC were sued by an investor claiming they manipulated silver futures and options prices in violation of U.S. antitrust law by placing “spoof” trading orders.

The investor, Peter Laskaris, alleges that starting in March 2008, the banks colluded to suppress silver futures so that call options, or the right to buy, would decline, and put options for the right to sell would increase, according to the complaint filed today in federal court in Manhattan. The collusion was also intended to maintain prices at levels at which some options would expire as worthless, Laskaris claims.

The banks placed so-called spoof trading orders, or the “submission of a large order which is not executed but influences prices and is then withdrawn before it reasonably can be executed,” according to the complaint.

The Commodity Futures Trading Commission began probing allegations of price manipulation in the silver futures market in September 2008. At a hearing in Washington yesterday, CFTC Commissioner Bart Chilton said there have been “fraudulent efforts to persuade and deviously control” silver prices and that violators should be prosecuted.

Joseph Evangelisti, a spokesman for New York-based JPMorgan, declined to comment. Juanita Gutierrez, a spokeswoman for London-based HSBC, also declined to comment.

Separate, Similar Complaint

A separate, similar complaint filed today on behalf of investor Brian Beatty, and naming the same banks as defendants, claims a whistleblower contacted the CFTC last year and reported the banks’ conspiracy to suppress prices of silver futures to profit from “enormous” short positions in silver futures.

The banks reduced their collusive trading and their holdings in the futures market after a government investigation of silver futures manipulation began in March, according to the complaint filed by Laskaris, which seeks class-action status. Since the banks cut back on their silver futures trading, prices have increased about 50 percent, the suit alleges.

“These price changes directly result, at least in one substantial part, from defendants’ reduction in their concentration and other reductions of their unlawful activities in the silver markets since the government investigation,” according to the Laskaris complaint.

Comex Trades

Laskaris described himself as a New York resident who traded in silver futures and claims damages based on the collusion. The trades at issue in the complaint were made on the Commodity Exchange Inc. division of the New York Mercantile Exchange, Laskaris said in the complaint. Beatty, a resident of Connecticut, makes the same claim.

Christopher Lovell, a lawyer representing Laskaris, didn’t immediately return a call seeking comment after business hours.

Chilton spoke yesterday at a hearing in Washington on regulations to implement the Dodd-Frank financial overhaul, which became law in July and gave the commission a year to establish rules governing the $615 trillion over-the-counter derivatives market.

Thanks pubmut.

Really silly that the customs has duites for silver coins and not bars? And not on gold coins.....wheres the rationale here?

Coins are for most likely for collecting whereas bars are likely for commodity or value adding....Msia bolih...

As for publicgolds premiums for silver its a scam.....based on the spot silver price they are quoting in excess of 20% and buy/sell spread at 15%!
Thats outrageous!

This post has been edited by prophetjul: Jan 17 2011, 08:35 AM

How much did you pay over spot silver prices?

i find investing in silver will cost you a very BIG premium. like 25 to 30%

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Added on March 15, 2011, 2:33 pm]Where have you been last ten years?







This post has been edited by prophetjul: Mar 15 2011, 02:34 PM

Good writeup about Max Kieser

How safe is VIA MAT?

Who operates this vault?

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Added on April 8, 2011, 8:11 amis it a pure storage facility or does it trade silver as well?

This post has been edited by prophetjul: Apr 8 2011, 08:11 AM

thanks mate

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Added on April 8, 2011, 12:41 pmPhysical silver prices in Msia is sick*. The spread premuims are atrociously high. Those who do not need physical migh as well trade the ETFs

This post has been edited by prophetjul: Apr 8 2011, 12:41 PM

Alread hit $40.......

Theres a thing called google nowadays.....

http://www.google.com.my/search?q=silver+e...RDcitrAeGmJWNAw

But since you are so lazy....ok

SLV - iShares Silver Trust
AGQ - ProShares Ultra Silver
SIL - Global X Silver Miners ETF
PSLV - Sprott Physical Silver Trust ET
.
ALL in U.S mkts... DYODD.....this is NOT a call to buy or sell *

Never say never.........

http://about.ag/LeadFilled100OunceBars.htm





The popular Chnese silver pandas are probably the most fakes around!

Gold vs paper

Depends what YOUR expectatioons are........

If you think world economy will do TSHTF....then buy physical. Physical in Bolihland is expensive becos its considered a commoditiy subjected to
taxes and duties. Just on tax/duties alone you are paying 15%. Add the premium spreads by the dealers, you are lookin at 20 to 25%.

The if you are one who doesnt think TSHTF scenario, there are lots of paper play........not just accounts. You have the ETFs........

like SLV- i silver shares tacks price of silver
AGQ - pro ultra silver shares- is 2 x tracking price of silver
And many many moree

Is $45.95 now...........

Caveat Emptor indeed!

Went out for lunch came back and saw $48.80! and HIGH of $49.78

RSIs is well over 90!

Soem coins have numis value...i have been investing in some over the last 2 years manily fir the beauty

Similar Like this one, i bought for $1700 , now selling for $2900s.....



this one i bought for $2000, now around $3800s



This 2oz Lunar Tiger Colourised silver coin for $200, last sold at $480

If you really wanna invest. And thats long term....better to be in gold.
Silver's is terribly volatile.....especially because its an industrial metal, so its heavily traded and
manipulated.

Gold is the steadier of the two....being more of a 'currency'.

But of you can stand the wild swings of silver..............

The chap's a young STUDENT......

When it comes to precious metals never think

TOO MUCH, TOO LONG

Or else

TRAIN MAY HAVE LEFT THE STATION!

Probably another Johnny-Come-Lately.....

Uhmm..........sorry.....not you

The course..........why you need a course for this?

He is just rehashing everything that can be found on internet.

Hes no Xpert..........if he was, he would have bought silver at $4............not just now

Hes just like everyother opportunist......banking on a hot item of the moment.....
to conduct a course, to make fast bucks!

Ask him to put his money where his mouth is.......


Ask him how much he has his money in silver..........how much is his average cost.........

with evidence, of course!

Precisely the reason i gave to caution of these so called experts.....who just wanna
cash in on a hot item.....by giving seminars?

Past forumers?

i have been in Pms for the last 11 years........never sold a ounce yet!

GC
Are you a full time trader in PMs?

i am just a collector.

i have to do other things for a living....no crying!