taurusbull, but for a "retired corporate man with 43 years of trading experience", u r using the forum really well

do u mind PM me your name? i would like to put the tax info you shared into my website, credit to you of course

Hi wolf, taurus,

I'm glad this was discussed, as this has been the age old problem every conventional business people face. How do we prolong the business and keep the profit high before killing each other with nonsensical low profit pricing. But of course, there are people who over commits their funds and want to convert their stocks to cash, then once they get the cash, quickly go and buy more stocks and back to same problem.

Wolf, you are not wrong, I see my mistake in dreaming of a perfect cooperative world. Although I just quit my previous job whereby dealers help each other to fulfill stocks, and occasionally meet at competitors when selling to same customer, but there is not animosity because it's business.

My only advice to sellers (selling to end user, not talking about the seller like gold chan or volume seller), as taurus mentioned, you can do very quick trading with small profit 10 times a year, but do take care, 1 mistake or a major drop in silver price can wipe out your 9 times tiny profit. The occasional special discount put out to us is welcome. Selling your silver bars at spot price EVERYDAY is driving off potential seller with good bars.

chef

My 2oz worth

---

Added on November 7, 2011, 3:05 pmHey taurus,

Totally agree, I always advocate people teaching people how to fish, not just give them fish. It doesn't last, and once you stop giving the fish, they turn against you.

Good slogan, and please continue to help us doing more research. I really believe we are at a very very important time in history with silver and gold, and USD and RMB. I just can't seemed to clear my mind about the relationship. If you can write an article how we should profit at this stage in time, we'll all be very thankful

I've mentioned this to a few friends, I just can't seemed to get the right answers. How we juggle between fiat money and precious metal.

chef


This post has been edited by chef: Nov 7 2011, 03:05 PM

Credit the info (tax and advantages/disadvantages of physical silver) provided by Taurus Bull to Allied Communities Sdn Bhd. Please add the disadvantages of Numismatic Coin to inculde 10% sales tax and 5% import tax. You are free to use all my postings in Low Yat Forum and LY FB under Taurus Bull. One important information for silver investor is the convertion table to troy ounce retail price guide for silver, as many people may not be aware what actually they are paying in RM/Troy Ounce. Let investor beware!

Yes, taurusbull will be a silver dealer under Allied Communities Sdn Bhd in the coming weeks.

Thumbs up, can't wait for your launch. Congratz!

great! i have updated my site. appreciate your info sharing

Hey guys,

I have some American Silver Eagle 2009 in possesion AND FIJI TAKU 2011 , anyone collecting this and interested to buy let me know, PM me o.k? quick deal thursday.

I'm coming up and will be meeting some of you guys, sorry no time to summarize now, but I will contact you to make the meeting.

chef

Will you be bringing the 9 dragons set?

in summary of custom code.

Those who pay will know what is the tariff code. U pay U learn.
Those who didn't or didn;t get to pay for whatever reason will ask the tariff code lor.
those who buy local will not know lah.
Those who R lucky or claim that something is not taxable when it should, well they will not know the tariff code at the 1st place and will ask for it.

>>
normally industrial buy not in bar form but in ball-bearing bullet form.

---

Added on November 7, 2011, 10:41 pmboth is valid,
if can sell sell lah and buy somemore at lower price.
If cannot sell just hold it.
how many times you can cycle per year is sales dependent. This one cannot predict.
Over time I do foresee that the no of cycle is getting less and less as more seller coming in.
Those who pinjam personal loan to do business will be like a hungry dog or angry BIRD.
there are many of them in SLS. avaerage 10% per annual effective interest
They will sell at razor thin margin to cover their loan interest. Hopefully the price increase can cover their interest.
So U will see many selling at very low price from now on.

---

Added on November 7, 2011, 10:54 pmno control 4 now and in the future as well.
Human emotion is more volatile than price movementlah.
In summary, try to get as much silver into Malaysia and into your hands lah.
Is it now or never. Few years down the road things will be quite different.

Once it reach your target USD50/oz to USD200/oz depending on how greed and chicken U R. let go lor.

there are many potential killer out there.
Bill Bixby (incredible Hulk) :- Don;t make me angry, you won;t like it when I am angry".
after a few round of SLS price slash, there will be lot of incredible HULK. lot of things will be available
lot of secret will be revealed as it;s no longer profitable to hold on them.

it only take a few person from the right background and power to finish off everybody.
sorry for such an abstract reply. left to be decoded.

This post has been edited by GoldChan: Nov 7 2011, 10:56 PM

conclusion is price will be more competitive. question is...is that a good thing or bad thing?

Ha ha, I wish!!

I am leaving for china thursday, so I have not get my hands on the goods or even know where to buy exactly. So I got to go there and search. Since I'm not getting any help here or direction.

Anyway, will update you guys if that area I'm going have.

chef

haha...bring back some dragons and make us proud

Same answer to this question all over the world.

When razor thing margin happened, it's bad news for the seller and good news for the buyer. But the problem is, since silver are not edible, all buyer will become seller eventually. So it really is bad news for ALL of us. Of course some will say that price of silver will rise and everyone happy. Well, only to those who hold long term and are not trading quickly, and those who hold them long, gets to sell not as high as they would hope.

chef

As for my trip, I'm gonna kill me some colored dragons, 9 of them. So watch out for the bodies when I ship them back... ha ha...

http://www.prweb.com/releases/prweb2...web8940958.htm



Global Piracy & Counterfeiting Consultants Calls Chinese Counterfeiters Producing Fake Precious Metal Coins a Global Epidemic with Potential Disastrous Consequences
The Global Piracy & Counterfeiting Consultants is calling counterfeit U.S. Silver Dollars, precious metal, coins, or bars, or counterfeit gold coins, a global economic train wreck waiting to happen, courtesy of the Chinese. Ten percent of China's gross domestic product is related to counterfeiting, and the Global Piracy & Counterfeiting Consultants fears the problem is much worse than anyone knows. The group says, "We have read about one Chinese counterfeiter openly bragging about producing 100,000 fake U.S. Silver Dollars per year, and that's just one counterfeiter. At this point, we are telling all investors of gold, or silver coins, and or any type of precious metal bar to only buy from a reputable U.S. dealer, that has an established track record, and a money back guarantee. We fear this Chinese counterfeit gold, or silver coins, or bars, could be a multi billion dollar a year business, and we greatly fear many innocent investors could be taken to the cleaners. Apparently, many of the Chinese counterfeit is of such high quality coin dealers, or experts have to weigh, and use various high tech testing methods to determine if the coin, or precious metal is legitimate." http://GP-CC.Com
ShareThis Email PDF Print
We fear this Chinese counterfeit gold, or silver coins, or bars, could be a multi billion dollar a year business, and we greatly fear many innocent investors could be taken to the cleaners. (PRWEB) November 07, 2011

The Global Piracy & Counterfeiting Consultants is saying, "We fear the Chinese coin, or precious metal counterfeiting industry is pumping out so much product, we are now advising all coin, or precious metal investors, or collectors to stay away from Internet auction web sites, flea markets, estate sales, and only deal with reputable coin, or precious metal dealers, that have been in business for at least a decade, and dealers that specifically offer a money back guarantee for their products." The group says, "Based on our research some of the Chinese counterfeit coins, are of such high quality, it is not uncommon for even experts to be deceived. We think its smart for every investor to have gold, or silver, our big worry is pretty simple, what if they invest 10%, or 20% of their net worth in what are counterfeit precious metal coins, that are basically worthless? We would call this a disaster for the investor, and out big fear is there are probably tens of thousands of investors in the United States, who have been duped. Even worse, once again for all intents, and purposes the U.S. Federal Government is a no show-once again." http://GP-CC.Com

Global Piracy & Counterfeiting Consultants says, "The world needs to come to grips with the largest counterfeiter in the world, the fact that 10% of China's GDP is a direct result of counterfeiting. If it's not knock off pharmaceuticals, that can kill people, it's high tech smart phones, or electronics. Our new worry is pretty obvious related to Chinese counterfeiters bankrupting innocent precious metal, or coin investors, with what could be their life savings. At what point do consumers in the United States, Europe, Japan, or the rest of the world say no thanks to any more Chinese products, given its uncaring attitude about flooding the global markets with counterfeits, or fakes?" http://GP-CC.com

Thumbs up too ...awaiting for your launch @ taurusbull .. Congratz !!

It's always good to see so many silver sellers, websites, silver products cropping up.
It show that the awareness is growing.
Just buy to keep instead of expecting to sell a few cycles in a year.

Remember the law of supply and demand. Many ppl including myself have plans to do few cycles in a year. Maybe not anymore since the margin is much lower now in SLS than it was 3 months ago.

If there is a website for all dealer to publish how much stock they have or is arriving, that would help other dealers to avoid bringing in the same stock. Or they may decide not to import anymore stock as they see the market is saturated already.

hi all sifus,

the price of silver as of today stands at USD 34.73 per ounce
is it still a good buy for a 3-5 years investment?
what price do u see silver in 3-5yrs time?

newbie investor like me afraid to take the first step
hope experienced and kind sifus out there can advice a bit

I can sponsor my website for this purpose. If anyone would like to do the stock arrival listing, please send me PM. You can have a look at my website: Silver in Malaysia Website

By the way, my website sell list has grown from 1 item until 2 pages long now, thanks for all the support.
Please have a look at the following pages for the sell list and wish list:
Buy List - Enter a comment to indicate what you want to buy.
Sell List - Enter a comment to indicate what you want to sell.

This post has been edited by property101: Nov 8 2011, 10:11 PM

Great idea,

Maybe property101, you can call it the "Silver Arriving list" but you should have the exact description, qty, expected arrival and maybe target pricing.

This could also serve as a group buy, if a seller decided to bring in 200 pamp dragon 1oz, and a few of us placed an interest and paid some deposit, the seller may decide to increase the order. Win Win situation for all!!

chef

Only god can gives you a definitive answer. Maybe silver gods like JP Morgan or FED have the answer, but they are not sharing the info. If you care spending 100 hours googling, you will find out oversea experts are predicting USD50 to USD1,000/oz and timeframe is 2013/2015.

Don't waste time as what GoldChan said, buy now and keep for future.

I said we know silver long-term prospect is good due to strong commodity consumption and diminishing inventory. However, with the JP Morgan, silver monster, lurking around manipulating the paper silver price, the short term pricing is very volatile.

If you have 12X extra cash for silver investment, please buy X amount every month. That way you will not be a victim like investors buying on May and November 2011 before the major price corrections. If you had bought once a month from October 2010 to September 2011, your average purchasing price over 12 months would have being around USD34 spot price, about the same price a few days ago.

Analysis Paralysis don't get you anywhere. Rushed out and facing the incoming train is fatal. Somewhere in between will be the answer.

Buy Monthly when you are buying, selling time will be sell 50% of your inventory and then wait and see.

Chef,
One piece of research done to share for everyone.

Good luck in your silver investment.