are you sure?? it is more likely sell 2 sets then free 1 set ....

Depends what price he got them at.......could be a free set for every set he sells..

hmm mayb....so free to speculate his price ah..lol

aiya.. my cost higher.. now china supplier most of them only can get stock on 15th nov already.. so you can guess the price would be how much now?

the first 2 buyer of ready stock is lucky..

Cost is in the region of rm2.8k - rm3.3k + postage and tax you're looking at say rm4k region for one set of cost. I'm just insinuating.

2.8-3.3k is quoted from Perth Mint right? Don't you think that China dealer already mark up the selling price? Maybe the margin is around 10-20% per set... If can get margin more than that, bassist is one really lucky guy.

i am not the one importing from China, still got one middle man between. tat's why i said higher cost.

Many people start to buy and sell silver at LYN now. Good indicator?

I bought AUD10k silver when spot is USD39 on 3rd week of September, and on 26th.September the spot price when down to USD26, and closed at USD30. That was my first purchase of silver, and I had bought many folds that amount ever since because it will be a good silver mistake worth repeating in a few years time.

Happy reading.

Cheers!

A GOLDEN MISTAKE WORTH REPEATING
by Jeff Clark of Casey Research

The following conversation took place between a friend's son and me. He's a bright but relatively young investor. He had purchased some gold based on some things I'd told his father. Shortly afterward, the price dropped hard. As you'll see, he was not very happy with my advice and said so in an email to me. So I called him...

I: Sounds like you're upset.

Friend: Yeah, that's putting it mildly. What the hell am I supposed to do now?

I: Because the gold price has dropped?

Friend: Yes! It's down 15% in a month! I thought you said this was going to be a good investment.

I: It is. And it will be. You might even consider buying more here if you have the funds.

Friend: I have some other money, but why would I put it in gold? It's losing money.

I: Because it's on sale. Because it's cheaper now than when you bought it. And especially because none of the reasons for buying it have gone away.

Friend: That doesn't mean it's going to go back up.

I: As I told your dad, there are no guarantees, but I think it will have to go higher. Either way, it will hold its purchasing power over time. We're holding it as an alternate currency, a more sound form of money that can't be debased.

Friend: Yeah, well, my money just got debased, big time. It needs to go up 20% for me just to get back to even.

I: Five years from now your dollars will have lost at least 10% of their value, based just on current trends. There's a good chance it will lose more than that. And gold will probably rise more than 10% a year.

Friend: [silence.]

I: Look, I know you're upset, but I'd hate to see you bail. This is one of the best investments we can make this decade.

Friend [relenting a little bit]: You really believe that.

I: I can't promise you anything, but yes, I do.

Friend: And that's because you think inflation is coming.

I: It's for a lot of reasons, and that's one of them. Inflation is virtually baked in the cake; the dollar's long-term problems will be impractical to resolve; and the global economy is on high alert. These are exactly the kind of circumstances gold is meant for.
Friend: Then why is it falling?

I: Institutions need cash and liquidity, and gold offers a bid. Besides, nothing goes up in a straight line, and gold had just run up 35%. It was time for a break.

Friend: So this big drop really doesn't worry you.

I: It doesn't. I'm buying. In fact, I'll prove it to you - send me your gold and I'll buy it from you.
Friend: [Silence.]

I: I know it doesn't feel good right now, and it may take some time for it to make another new high, but gold is too important not to own here. It's a long-term trade, so plan on holding it for a while. In fact, if it helps, just forget about the fact that you own it - go do something fun and have a beer at the pub.

Friend: [a little chuckle].

I: I don't think you made a mistake buying at the price you did, in spite of it being lower now. Odds are high you'll be happy in a few years.

Friend: [pause] All right...

I'm glad my son's friend decided to hold on, because that conversation took place in June, 2006! He'd bought gold at around $700 and watched a month later as the price fell to as low as $567.
Gold ended up declining a total of 21% in just five weeks before bottoming, after a run-up of 35% (sound familiar?). And yes, it took over a year before it hit a new high.
Yet, my son's friend - now older and wiser - wishes he could go back in time and make the same mistake again and buy gold at $700. His investment is sitting on more than a double, in spite of buying at a temporary peak.
I think that a few years from now we'll all wish we could go "back in time" and buy gold at $1,700. And I believe you'll still feel that way if gold falls to $1,500, as some writers are projecting.
I think this because circumstances now are worse - and hence more bullish for gold - than they were in 2006. Look at how much money we've printed (the monetary base now exceeds $2.6 trillion, a mind-boggling 200% increase since 2006). Look at the state of the global economy: highly vulnerable and propped up by governments. Consider the lingering and inescapable predicament of many European nations - how, exactly, will this be resolved in a healthy way? Ask yourself if the outlook for the US dollar is out of the woods (roughly 10% of federal revenue now goes solely to debt payments - a figure that is projected to triple). Explain how the reckless path of deficit spending will shift without causing some kind of major impact on the economy (history shows abject deficit spending leads to economic downfall, virtually without exception). Tell me how we avoid massive inflation, an outcome that seems so certain at this point that about the only way to avoid it would be a massive global meltdown - and even then, the Fed would surely print to oblivion.

Like I told my son's friend, nothing is guaranteed. But until real interest rates are positive again, government leaders instigate honest solutions to our debts and deficits, the global economy becomes an engine of growth, the sovereign debt issues in Europe are genuinely resolved, and global currencies - especially the US dollar - are strong again, I'm buying gold.

Yes, there will be volatility. And yes, a short-term "solution" to what seems like certain default in Greece, for example, would cause some investors to sell gold. But like in the spring of 2006, these are temporary, short-term fixes only. For the tumult that is most likely ahead, there simply isn't any better currency protection than gold and silver.
Join me in calling your favorite bullion dealer and making the mistake of buying gold at $1,700.

Jeff Clark is the editor of BIG GOLD, Casey Research's monthly advisory on gold, silver, and large-cap precious metals stocks. For more information and to subscribe, click here.

Nice story there Taurus. Don't Cry, Buy Now!

Some awesome photos of the 9 dragons taken from Hanson Yip







This post has been edited by 8181: Nov 3 2011, 06:57 PM

hi guys! i have added a new post regarding silver price in malaysia in my website, feel free to check it out. just learning how to write blog, feel free to give me feedback if i can improve it.
here is it: Silver Price in Malaysia

This post has been edited by property101: Nov 4 2011, 12:24 AM

Do they post internationally? I am not sure. There are some complications for payment too. There are difficulties transferring renminbi to accounts in China. That's what I have been told. So the easiest way is by cash. I am trying to buy another set from them.

Hey guys!!

I was browsing thru the seller list and wish list, saw a lot of PM or offer etc.... I think it will not work especially if it is in the seller list, one look and I feel it will be too expensive to make an offer, can you guys put up some form of price at selling list instead of just PM or sms offer?

As for wish list, well, buyer will tend to be willing to buy at higher price than market (by right) so sometimes outting PM to offer is o.k. I guess, or if your list (like mine, past year kook) includes many types of coin. instead of just 1 coin.

It's just my feedback, let's put in price to make the list easy to view. If your price are spot price sensitive, maybe you can add : example - ASE 2011 - RM 145 at spot USD 33. RM 3.2 per increase or drop etc etc....

just some suggestion.

chef

you maybe right. If ppl have supplier, ppl could get 1oz dragon at USD60, but the problem is we don't have, so we could only buy the 1oz dragon at rm300 or more. I think we probably are 5th hand or 6 th hand. Each hand require 20% profit, that's why the price is high.

If you could get the stock from Perth Mint directly, the price can be 4-5 dolar above the spot rate only, which is less than rm1500 for one 9 coin sets. If you could, do let me know, i am willing to pay you 3k for a set

Unless I misunderstood you, that may not be right. As far as I know, (I stand to be corrected) the retail price for the 9 coin set is already RM6680. I am not sure if the price has increased as it is getting pretty hot in China and as BasSist mentioned new stock will be coming in mid November. Whether the price will increase with the new stock, we will have to wait and see. So unless, someone can get the set at some kind of staff discount etc, I don't think you can buy it for less than RM1500 ... then again I may be wrong

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Added on November 4, 2011, 10:34 amThat's a good idea, Chef.

This post has been edited by marcusboy: Nov 4 2011, 10:34 AM

I've seen online sites selling for less than that amount, some even at RMB5k ++ region, so the question remains, either they are getting good discounts or there are fakes lurking around.

This post has been edited by 8181: Nov 4 2011, 10:43 AM

Yes, that may well be very possible. In China, they can even fake a Mercedes so ... Just need to be really careful; as always.

what i mean is the price is depend on whom you get the stock from. If you could get the stock from perth mint, then your price can be very cheap. If you don't have source to get the cheap stock and you want to own the set coin desperately, you can only go ebay to pay USD2298 or wait people to lelong loh.

For a real collector, they would buy the set at any cost if he couldn't get one from anywhere. If we think the price is too high, we can walk away or to go find our own source to sell cheaper to benefit everyone.

As I know, a German website had sold out its 60 sets 9 coin set at EUR929 within few days. If you include tax and shipping, the cost is around RM5000. For malaysia market, the price can only be higher than 5k unless supplier here have contact to buy large quantity (>60 sets, provided that supplier in china got stock to supply) and get good discount.

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Added on November 4, 2011, 11:10 amperhaps, free 2 or 3 sets for every set he sells ? haha.

This post has been edited by SGKSY: Nov 4 2011, 11:10 AM

Hey guys,

The 9 coins set is NOT SOLD by Perth Mint.
It is MINTED by Perth Mint for the chinese market.

So forget about looking for it in the Perth mint site.

i understand the original price is about 650 euros if you can get them
direct from the chinese dealer.

Yes, I guess at the end of the day, it depends how much we get it from the middleman (or middlemen ).