Hi guys and good day to all investors here. It actually took me 3 days to read through all 93 pages of this thread and I'm pretty amazed by the information I got and the awareness of investing silver here in malaysia. Anyway I'm from Penang,residing in JB, working in Singapore for 15 years now. I had been stocking up silver bullion .999 coins and bars for past few years, though am not a fan of numismatics coins or rare coins for collections. Reasons is ,what you really want to accumulate is the amount of oz for future investment and to hedge against inflation. In the long run I would have more oz than you have with the same amount of money spend. And is the oz that matters when come dollar collapsed, end of monetary system which will come through one day. What really matters is the .999 grade and amount of oz you have in hand. No offends to those numismatic collectors, hobbyist here though you will argue that you are killing 2 birds in one stone! Haha, anyway let's laugh together when silver one day reaches to 4 figure per oz.. and be more precious than gold one day. Remember diamonds are so rare and expensive, now it's worthless and just for jewelry uses. Do you want to buy a diamond and keep it for it's value. Nah... 

Anyway I saw someone ask about opening a silver account in UOB, well you can only open in Singapore for UOB silver saving account. I remember years back I went to UOB Singapore and enquire about it. Well for those who want to open one, I would suggest you to forget about it, here's why, minimum investment is 10 oz per transaction base on spot price. That's fine, but the problem is they are charging you 0.2 oz PER MONTH for claiming that they store the "physical silver"for you! That mean the bank will rob you of 2.4 oz of silver in one year without using a gun and while you are sleeping ! And by the 4th year they had manage to rob all of your silver!  Haha , on top of that there's 7% gst on the amount they charge you per year. And when you want to withdraw it you can't withdraw the physical silver but only in SG fiat dollar.So guys just go get your physical silver and put it under your bed and sleep with it, that would be wiser. 

I have plans to setup a website dealing with silver bullion and providing a means for our fellow Malaysian to at least own some silver for protecting your wealth in the future and generation to come.I'm still sourcing out with distributor to get the cheapest silver to bring into Malaysia. Though the razor thin profit for being a trader of silver and the risk they carry due to volatility , what matters most is creating the awareness,educate everyone and giving out this greatest opportunity on our lifetime in silver investing to everyone is the key that drives me.. So, no matter where and who you brought from please thank them that they are giving you an opportunity to own physical silver and you will thank when the day come .... And we will all laugh together ! 

Latest news from my friend a silver small time trader that there is a lot of fake panda coins and american eagle surfacing lately. Please also stay out from 100oz bar like engelhard. Just try not to get 100oz bar for safety reason...you will never know what inside. It doesn't matter which source you get them it's the mint company that matter..I somehow have doubt on publicgold bars..there are not worldwide recognize though they claim their products had been assay by independent.. Say if I would migrate to England one day and want to convert my silver to fiat, would the silver trader there accept my bars, they may but you need to spend some money getting assay from their country assay office. I hope you get what I mean,as you know this is boleh land ...never buy generic bars silver or gold I would say...just my opinion....

Safest is Canadian,perth,sunshine,scottsdale,autrian,pamp Swiss...or Singapore mint gold ! 

Adios guy... And happy investing and take care!

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Added on September 15, 2011, 12:43 pmI travel almost daily in and out of Singapore, I would say it's fairly easy to bring in bars and coins as long as you are carrying one bag with you and doesn't look like a luggage, you can just walk through, no one will stop you to check. Take care and happy smuggling ! Haha

This post has been edited by pure999silver: Sep 15 2011, 12:43 PM

[quote=arrsoo,Sep 15 2011, 03:07 PM]
if you take out coins from SG, their custom dun bother la. They will only catch you if you are taking coins into SG without declaration


True, that's no concern taking out coins from sg. Usually the price you bought already paid with gst. Like I said if you are just carrying one bag and not big luggage type, no one will stop you at the Malaysian check point. Anyway if you plan to buy just a few oz from sg I would suggest you to buy from here in Malaysia locally as the price not much different since the hassle of traveling and and spending some lunch and dinner in singapore would eat up the cost of your physical silver, not to mention bus fare...the risk of carryiing when in jb... Snatch thef.. Please give some support to our Malaysian dealer.

Happy stacking bro!

You can't withdraw physical silver because they actually do not have the physical silver with them. Instead they claim they have and they charge you for it. It's almost the same game they play with those ETF/SLV share/cert that claim you actually own those silver but the fact remain is you do not! Sure if you have a few oz and withdraw it, they have no problem delivered to you. But what if you have million of oz and at the same time everyone who hold the cert withdrawing it out at once? The whole paper system will collapse. What you don't hold in your hand, you dont OWN it. It's that simple. Don't ever trust those bankers with their so called safe deposits boxes. I'm sure there a already few cases that safe deposits boxes been broken into. Remember when there's bunch of robbery who dig their way up to the safe deposits? What happen when there are riots and war? Or banking system collapse? What happen theres a virus or hackers who attack their whole banking computer system? Remember Lehman brothers,citibank? There's no warning sign as to alll this. It's just happen when you wake up in the morning to know that it's all gone! My personal opinion and advice is not to trust other people with your property/belongings or in this thread I should put it physical silver/gold.Well I'm not being about pessimistic here or negative, just want to bring the awareness out that you just need to take care of yourself and not others taking care of you and your belongings....

Happy stacking and when the day come we will laugh together!

Yo bro, I have no intention of bringing you out of business, you already have you faithful customer here and they have already gain your trust, which you should be proud off. If one I needed some silver bar I would look for you too. Business is all about trust. Sometimes I don't mind paying higher for something as long as I feel comfortable dealing with another party. As I said my sole intention here is to create more awareness to our fellow malaysian here and providing the means for them to own some cheap silver. Being a full time trader can't really going to make you rich, profit is just too thin and not to mention risk of storing,transporting and volatility of price. Even you are rich and have the capital to purchase it in bulk like 1000oz first and at spot price, just when the shipment gonna arrive, the spot price is already down by 20% . Then at what rate you gonna mark up ? What do you earn then? You gonna close shop and pray for the price to go up? You just can't beat the volatility as a small trader. Those player like goldsilver by mike Maloney is total different game. They invested in physical like 10 years before, they store your allocated silver, they own silver mine, they have other businesses like Robert kiyosaki. Do you think robert only invest in silver?

anyway I must admit I do have some advantage here in JB, but to be honest the price here in malaysia is almost about the same as in Singapore I would say, probably slightly cheaper a little bit. But I need to mention that in Malaysia you do have the advantage of importing silver bar and gold tax free, where else if you are in Singapore you need to pay the 7% gst and shipment too... So we are quite advantage here in Malaysia I would say. Just stay with bullion 999 bars. You can forget about coins brother goldchan, it just doesnt matter whether is bar or coin as long is bullion grade .999 silver! Peace bro.

Happy stacking to all brother and sister. The day shall come when you can buy a bungalow with just 500ozof .999silver

Bank safe deposit box vs home safe. There are positive and negative aspect of both options, so the debate will never end. It all comes down what is the best option for you or your family, security of the place you live, your job status, are you famous, car u drive.. blah blah 

Now let's look at the pro of bank safe deposits box. You re right about higher security, fire proof, water proof, insured,contents are legally protected, and so on.. On the other hand it's not that safe either due to a few past cases of safe deposits been broken into. It has an annual fees, doesn't open 24 hours,sat,sun. Easyly loses key, an insider could have access to your box, riot as in 513 or 709 or war you can't  retrieve it as bank will definitely close. What happen if you open a safe box solely by your self and one day you would go insane or fall ill or death, I believe there are so many unclaimed monies in the various  account that goes dormant.. It probably goes to the bank or government. 

Now if you are staying in an apartment, condo or terrace with gated and guarded security, then in my opinion bank safe isn't a wise option. You can buy yourself a fireproof safe and get it cement mounted to the ground or wall should be a wiser choice. A burglar that break in your house can't cart away with the safe and with a decent alarm system they would be just happy to just grab what's lying around our house. It's just a one time investment and you have access when ever you want to. In case anything happen to you, your family might able to retrieve it easily, including your will in it. It's wiser to invest a decent alarm system in your house before you even invest in silver or gold, safety of yourself and your family come first. 

I would say a private vault like royalsafe should be a better option if you are considering a public safe box. I have a friend who can say a millionaire and the you will be shock on his RM10k alarm system, every corner  and every room has a motion detecter sensor installed, cctv and further more it's a gated and guarded community. I had ask him whether he had a deposit box in the bank and he said to me ; my house is actually a bank and why would I trust those bankers with my monies and gold! 

Happy stacking bro!

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Added on September 16, 2011, 5:26 pmYes, but you are just buying paper silver and not physical silver, what you don't hold in your hand you don't own it. It's only paper! But am sure you can speculate and make a fast return and that almost equal to going to a casino or entering the share market. Good luck bro!

This post has been edited by pure999silver: Sep 16 2011, 05:26 PM

i would suggest we can make use of facebook. just need someone to create a page or discussion board then everyone can start posting their coins and bars. its easy and transparent and im sure everyone here got facebook. any deal someone want to make can just PM in facebook.

just sharing something here...enjoy.
Solid Silver 999 Audi A8 Car
Sheikh Zayad Bin Sultan Al Nayhan's Silver Car
When you are a Saudi Sheik or a CARDIOLOGIST - It really doesn't matter; when you can have your automobile custom made from .999 Pure Silver...
The weight was almost tripled and it required special tires to support the load as well as all of the "Shock Absorber System".
It is an Audi A8, made from solid silver...that's right, SOLID SILVER!!!! Not silver Paint just Silver metal.