Simple answer would be yes.

But it boils down to the willing seller willing buyer. This is if you buy and sell with individual traders/collectors.
For this, you have to find buyer who agrees to your price.

If you buy and sell with a company, they normally have a buy back policy, which is a certain percentage lower than their selling price.
So, if you buy when it is high, and suddenly the price drops, you will incur losses IF you sell it back to the company.
But if the price continues to go up, you can sell it back to the company and maybe gain some profit.
For this, you don't have to find the buyer. The company will buy it back without much hassle (I think).
But your profit would be not proportionate to the premium that u pay previously due to the buy back policy has already 'eaten' some of your profit.

Example:

You buy from Company A - 1oz Silver at RM150 when the Spot is RM120 (Premium is RM30 or 25%)
Company A has a buy back policy - They will buy your silver at -15% from their selling price.
So, you have to wait for the price to increase to RM177 (Spot at RM141) just to break even.
This will mean that you already lost 15% when you buy your silver.

However, if you can find a private buyer and sell the coin at market price @ RM177, you've already gained 18%.

My 2 cents worth.
Please correct me if I'm wrong.

This post has been edited by Nidz: Nov 29 2011, 12:37 PM

EPP is easy payment plan.

For me, I buy both bars and coins. Even some numismatic coins also i buy.
Bars for its low premium, suitable for investment.

Coins and Numis, high premium, more beautiful, limited edition, and some of them holds their premium even though the spot price goes down...
So, I buy this for trading.

If you resort to buy gold coins from the bank, I would suggest you to go to UOB bank. They offer few different kinds of gold coins such as maple, nugget, kangaroo etc and their buy back spread is quite low also.

Kijang Emas is quite hard to find nowadays. Most of the Maybank branch have sold out.

Make sure you call the banks first before heading there.

This post has been edited by Nidz: Nov 29 2011, 04:32 PM

Silver bars are not taxable. You can refer to the first post of this thread. There's a lengthy explanation by Taurusbull with Customs Tariff Code as well.

For UOB Gold bullion products, you can see it here http://www1.uob.com.my/business/GMIM/GMIM_...ous_metals.html
You can see the price there as well.

property101,
the link on your source should be this
https://forum.lowyat.net/index.php?showtopi...&#entry45886453
its a direct link to Taurusbull's post regarding the tariff codes.

I think that one is GoldChan.
From what I recall, the officer wanted to tax his bars. But finally he managed to convince the officer that bars are not taxable.
Mind you, this happens maybe few months or years back, I am not really sure.
But nowadays, customs officer are very familiar with silver products.
When I pay them a visit to settle the tax issue when importing dragon coins, they asked me whether the coins have face value or not.
I think, if the coins don't have face value, it wont be taxed.

Anyway, maybe some of our forumers here have experience buying bars from overseas. Taurusbull, any comment?

Hmm.. But there are some people who practises 'Swap' technique.
They use silver-gold ratio as a benchmark to swap.
If the ratio is high (silver is cheap), they'll sell their gold and buy silver.
If ratio goes down (silver is expensive), they'll sell their silver and buy gold.
And they keep repeating this cycle when there is significant change on the ratio.

But I am not rally sure whether this is sustainable or not.

SLS = Silver Lot Shop
GLS = Gold Lot Shop
LSGG = Lowyat Silver & Gold Group

All are groups in facebook doing trading in silver and gold.
LSGG is exclusive only for Lowyat.net members.

yes. its the SLS' bigger brother..
https://www.facebook.com/groups/gold.lotshop/

yeah, no problem.
I only drink 'plain water', don't have enough money to drink 'tea' like you... hahaha

Legal betting?
Sorry but I cant join that... hehe..

that's what we call win-win situation
anyway, what kind of gold u buy? coins, bars or jeweleries?

how u trade paper silver?
forex market?

so, u trade using us broker or local broker?
if i want to learn how to trade etf, any recommendation on where should i start?
so far i know how to trade in KLSE only...

this one is quite good for reading:
http://www.kitco.com/ind/index.html

v2 is not ending yet. we have to reach 2500 posts. but we already past halfway.

for me, i prefer to keep it in airtite capsules. easier to look at and admire its beauty. also easier to sell later.. hehe

pls refer to the first post.
Lowyat Silver and Gold Group

yes. history is an important lesson for us. learn from them, and try not to make the same mistake.
also, be prepared when opportunity comes.

thanks for sharing Quinn!
Keep it coming.

So basically now is the downtrend of silver and major support at USD30. If its broken, maybe can go lower to USD26. Resistance is at USD33.
Time to prepare the money and wait for opportunities