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 how to invest silver in malaysia

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silverfreak
post Apr 29 2011, 04:41 PM

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I'd just started buying silver coins, mainly 1 oz few months back.

I'm now looking for grizzly bear and also maple. Please PM me if you have stock.
silverfreak
post May 4 2011, 05:35 PM

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Now order from mint for american eagle and canadian maple also need 4-6 weeks delivery.

Demand is too good. But it guess it will drop back to around USD 36 - 38 before rebound to USD 50 again.

We don't have to worry too much about the fluctuation in price now as China and India keeps buying and accumulating.


Added on May 4, 2011, 5:37 pmI would like to sell off some of my american eagle, kookaburra, andean cat and philharmonic.

Please PM me if you're interested.

This post has been edited by silverfreak: May 4 2011, 05:37 PM
silverfreak
post May 11 2011, 02:39 PM

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As far as I'm aware of, Malaysia local supplier raise the premium from 36% to 40% above spot !! This is crazy. The reason being is the price are volatile ... now seems like spot price gets low also you can's get cheap silver coin ..


damn it ...
silverfreak
post May 11 2011, 04:23 PM

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QUOTE(benedict1213 @ May 11 2011, 03:16 PM)
you are right, Silverfreak!  that why i do not prefer keep/invest in physical Siver. 
Firstly, Silversmith raise 36%-45% premium compared with Silver Spot. Second, If Silver spot appreciated, their price increase too, but if silver spot drop, they remain the price as an excuses  of  "its still bullish"  to kill those greedy silver spectacular get in a higher price. doh.gif
We couldn't buy online from sites like kitco as well because the custom tax is 15% and you can't run away from there. Besides, credit card is not available being used. You need to bank wire the payment which is quite troublesome.

silverfreak
post May 11 2011, 04:52 PM

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QUOTE(Jutawan @ May 11 2011, 04:31 PM)
Is public gold are the only provider of physical gold in Malaysia?
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You can check out UOB bank, the spread is quite low!

silverfreak
post May 11 2011, 05:37 PM

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QUOTE(benedict1213 @ May 11 2011, 04:56 PM)
UOB bank available in Malaysia?
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Yes. Check it out.
silverfreak
post May 13 2011, 02:48 PM

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QUOTE(pubmut @ May 11 2011, 10:26 PM)
You need to double check your facts Silverfreak.

You can buy from Kitco if you're willing to pay for the taxes. Cheaper alternative would be SG at 7%.

Apmex already has credit card price on its site, if you haven't checked.

Bank wire is a breeze, I don't know if your troublesome meant going to the bank.
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Hi Pubmut,

Yes, you can buy from kitco and i bought from it before as well. It's just that I don't see lots of different buying locally or from kitco, because iour 15% tax added to it will come to the same price as local supplier have.

Besides, if you checked it out daily, they ship most of the time ONLY IN US. Only sometimes when there's lots of stock, they will ship out of US.

APMEX i dont think they ship to malaysia. I'd email them few months back and that's the feedback I got. Not sure about now.
silverfreak
post May 13 2011, 05:57 PM

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QUOTE(suicideroach @ May 13 2011, 04:23 PM)
so does that mean it is bad news when such correction occurs?
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normally the price will drop during correction and could be quite drastic smile.gif

like what happen to silver now, drop to USD 32 right from USD 49 !!!
silverfreak
post May 16 2011, 08:43 PM

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[quote=GoldChan,May 13 2011, 06:10 PM]
kind to share with us, what U buy from kitco?
tongue.gif

I'd bought grizzly bear from kitco so far.
silverfreak
post May 18 2011, 11:11 AM

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QUOTE(merlip @ May 17 2011, 09:13 PM)
This is a good site, thanks for sharing. I check out merlip-merlip and seems like the price is a bit high for silver.

any idea where to get cheaper silver in malaysia?
silverfreak
post May 18 2011, 03:04 PM

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I have been checking through multiple source and it's really impossible to get anything 40% below spot price for 1oz silver coin in Malaysia. sad.gif

My friend intro a site www.aurumainternational.com which is selling around 38% above spot and it's like a MLM program for silver. It sounds quite interesting... I will check out more.

PM me for those who wants to know more.
silverfreak
post May 19 2011, 05:42 PM

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QUOTE(Jutawan @ May 19 2011, 10:40 AM)
An international program? Not based in Malaysia?
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i thnk this company call AURUMA is based in Singapore one. I'd checked it and they're not very reliable because they will raise the price few times a day when the silver spot goes up! But when it's down they could probably update like once a day only! super duper chinaman style. And I heard from my friend that they have raise the premium to 47% above spot!!!

However one thing is if you want to sell it as business u can go for them because they're those MLM thingy where if you get ppl to join then u earn like USD60 and the more level you have, the more you earn. So for pure investor, this is not a good program, but for a person who want to venture into it, they have a ready platform for you.


Added on May 19, 2011, 5:44 pm
QUOTE(GoldChan @ May 18 2011, 04:03 PM)
135 /oz silvertowne listed in my ebay. If you want you can buy there.
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Is there any difference investing in bars / coins? Im seeing that bars are always selling cheaper than coins ...


This post has been edited by silverfreak: May 19 2011, 05:44 PM
silverfreak
post May 24 2011, 03:01 AM

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Hey merlip, are you one of its member? Please provide more info for auruma! thanks!

QUOTE(merlip @ May 20 2011, 04:08 AM)
Dear Member

Auruma International is consolidating its operational functions to better serve customers globally.  The collection centre in Kuala Lumpur will be moved overseas to accommodate the rising volume.

In the meantime, we encourage you to take advantage to save on your shipping fees when you select to collect your precious metal from our distribution centre in Kuala Lumpur before May 31st, 2011.

Please do not hesitate to contact us at enquiries@aurumainternational.com for further information.

Best Regards
AURUMA International



Dear Member

Please be informed that the collection of orders from our distribution centre in Kuala Lumpur will cease on May 31st, 2011.

All purchases from Auruma International will be delivered to your doorstep via our worldwide delivery option. Alternatively, you can opt to store your precious metals at the secured storage under the bonded warehouse scheme in Singapore.

Please do not hesitate to contact us at enquiries@aurumainternational.com if you need any further information.

Best Regards
AURUMA International

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silverfreak
post May 26 2011, 12:03 AM

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I guess it will retest the USD40 resistance again ...

Hopefully it can break it this time smile.gif

The chances looks quite high because gold is shooting up as well ...

it will be good if the gold / silver ratio can hit 35 by end year!
silverfreak
post May 26 2011, 11:52 PM

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hanging at USD 37 ... good sign ...
silverfreak
post Jun 1 2011, 11:01 AM

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QUOTE(farisaiman @ Jun 1 2011, 12:37 AM)
i got my maple from my fren  laugh.gif
btw u can get it from one forumer here merlip...his price is quite ok biggrin.gif
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You can visit silverbullioncoin.blogspot.com ...

i bought a few coin from there and price quite reasonable.
silverfreak
post Jun 1 2011, 04:35 PM

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QUOTE(evilspeculator @ Jun 1 2011, 04:16 PM)
USD48 per piece. altogether 3 pieces is USD144 + USD7 for posting.
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Hi evilspeculator,

That's cheap. Can i know where you buy it and also when do you purchase that?

silverfreak
post Jun 1 2011, 06:23 PM

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QUOTE(farisaiman @ Jun 1 2011, 05:19 PM)
if panda beware a abit cz many case already smile.gif
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Yea. If possible don't go for chinese panda cause of the fraud case. lol ...

Other coins like maple, american eagle, philharmonic, kookaburra, koala seem to be safer for investment. smile.gif

The price seems to stabilize down this two weeks. Hope it will sustain and stay away from volatility.
silverfreak
post Jun 4 2011, 04:45 PM

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Anyone know where to get pamp suisse bar at a cheap price?

I'm seeing mostly selling > RM 200 which is 90% above spot !!
silverfreak
post Jun 4 2011, 06:55 PM

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QUOTE(property101 @ Jun 4 2011, 06:24 PM)
quiet disappointing in azizi ali's silver workshop
to be precise, it's not even him to talk about silver, it a phd - dr kong.
his talk was not well organized, 50% of the time was about Q&A.
at the end, he was selling his silver bar (10 oz each). i did some calculation on the spot to break it down into 1oz/ringgit, on today's price, he is selling for ~RM225/oz and 1stopgold was selling for ~RM125, such a big premium. the best part is, dr kong's silver bar has no certificate, no guarantee buy back and duno what funny brand is that
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i heard that azizi ali and another writer ( ayoung chap i heard) is coming out with a book on august / september on commodity investment. I guess these ppl dont have much knowledge on commodity but is trying to extract what ppl say and make it into their idea ...

anyway, im never a fan of azizi ali ... his books are full of craps without much valueble info ...

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