Just wondering if silver = USD100+ and everyone start to cash out by hundreds and thousands of ozs, where to sell? Here we dont hv pm dealers like US willing to buy in bulk from walk in customers and i think pm market is still very small here. Any idea???

Depending on where you've bought your silver, some shops offer buy backs. If you are buying from someone who doesn't offer buy backs than secondary market would be the place to sell, or international market (ebay, international silver forums etc)

If the European debt-crisis talks doesn't fare well, expect prices to go up.

This post has been edited by 8181: Oct 26 2011, 02:15 PM

If the long term forecast is a conservative USD50 and the over stretch USD1,000, the best time is always now, like Nike's motto; JUST DO IT.

My own little story on precious metals: 3 years ago I was told to invest in gold at USD900, and as a trained engineer started researching on historical gold price, and found out the lowest price of gold over previous 10 years was USD200. I concluded I missed the boat. Same story at USD1,200 and USD1,400. Finally I bought a small pc of 50g gold when spot price was USD1,500, and start doing research on gold, but discover silver instead. I bought Perth Mint Certificate Program when silver was USD39 in middle September, 2011. One week later the price crashed to USD26 and closed at USD28 on September. 26th. I have being buying ever since from USD28 to USD 32. Last Thursday I stayed up to buy a shipment of physical silver, watching the screen for hours and decided to strike when spot price was USD30.80. Happy like hell when price move up to USD31.50 within one hour. Then two hours later, price went down to USD30, and I was getting pissed. Fortunately a few hours later it closed at USD30.80 again. The rest is all history, I hanged up my towel for short term price prediction, and I concluded I can't predict price even for 1 minute. I am planning to buy 2 or 3 times a month depending on my mood rather than on the spot price.

Good luck, Property.

usually i buy silver/gold regardless of spot price. never know when is the best time to buy, not enough knowledge.

i read somewhere in this forum before - the best time to buy silver was in 2001. the second best time to buy is.........now!!!!

haha....i need a LIKE button for this

thanks taurusbull for your sharing

unlike gold, price of silver is a highly volatile, even if we practice dollar cost average, the result might still be reasonably sakit hati. like yesterday and today, it was floating around usd31 and suddenly jumped to usd33 in matter of few hours. it's not easy to time the lowest point, but i believe thats what every investor secretly hope to be able to do

Today's poison, who want's to do a bulk order? Delivery starting on the 15th of December for $279.00 USD = Approx RM1000 including tax excluding postage, comes in a nice wooden box (Click source to view)







Purity: 1oz Fine Silver .999
Weight: 1 troy oz per coin
Dimensions: 35 mm x 35 mm
Edge: Plain
Finish: Bullion Quality
Denomination: $2
Country of Issue: Niue
Year of Issue: 2011
Mintage Per Design: 100,000

Source

This post has been edited by 8181: Oct 26 2011, 07:00 PM

Although it is square shaped, it's a coin.
Kena tax again.
Probably the square design is to fit the spongebob theme.
Hmm, how come no squird wood?

Squidward, CrustyCrab

just bought some lunar tiger n pamp suisse lady.
slowly stocking up. not enough bullet to bulk buy la.

Lunar tiger is very pretty. almost Rm 400 for 1Oz silver bullion.

yap exactly. bought it from silverformalaysia.
hopefully in 10 yrs time it will be double or triple hee..hee.....

Anyway, they are not my type for my collection.
You're interested?

Haha no not really, maybe yes if it's hello kitty

spongebob silver looks sucks lol

Well, it already existed.
http://news.3yen.com/2005-12-01/euro-hello-kitty/
http://www.ebay.com/sch/i.html?_nkw=hello+kitty+coin+silver

LOL

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Added on October 26, 2011, 9:23 pmWell, it's "IN SPONGEBOB WE TRUST" instead of "IN GOD WE TRUST".
Luls..


This post has been edited by chunyen2020: Oct 26 2011, 09:23 PM

Really? I bought for around rm330 from ebay. Oh ya, it wasn't taxed... Huh, lucky me i guess

buy back is not sustainable. the market will price itself out to determine the actual buy and sell spread basis on geographical demand.

Just received my new 1 & 10 oz Walking Liberty Bars, with same emblem as American Silver Eagle Dollar.

Well, I in the first place, how did you notice silver? I would say you saw some opportunity in silver or gold increase in price, and you think if you get in on the action, you can make some money, true? I mean I got in this way.

So you see, if the price of silver rises to USD 100 per oz, more newbies will notice and start to look for place to buy or invest silver, many of us collectors will turn into seller liquidating our silver like nobodies business.... well, that's the hope anyway.

It looks like a pyramid scheme, as long as you are in it early, you reap the profit, but if you come in at the later stage, you are paying to feed those who comes in early. ha ha...sound right?

chef

PS don't flame me, I'm just putting it in some easy to understand sense. the important thing is, if you see the price of silver keep moving up, won't you be tempted to buy and buy and ride the wave? only expert will know to sell and sell (but will still keep some for future)

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Added on October 26, 2011, 10:34 pmVery insightful.... I'm sure not every newbie will understand until they really get into it. It takes me a few bad experience to come to similar conclusion. But still, I got upset when the price go down after I buy (because I buy at high price) and also upset when the price go up (because I didn't buy enough) ha hah..... (laughing at myself)

chef

This post has been edited by chef: Oct 26 2011, 10:34 PM

10 different designs 1oz rounds and 2 designs 1/2 oz rounds. FYI only.
 Silver_rounds.pdf ( 337.91k ) Number of downloads: 58