This post has been edited by cge: Nov 17 2011, 04:49 PM

what you clapping at?

aiya my poison picture at previous page d.. nvm i post here agian

very very very nice!

hi guys, updated the sell list in my website and forgot to inform you guys here. here is the sales list:
Sell List - Silver in Malaysia

In response to Chef post, I have also hosted my response in my website, feel free to check out and leave a comment:
Silver During Bad Time - Silver in Malaysia

Hey guys, leave more comment ok? I would like to know, is silver really a good investment? long or short term.

Even people like me who have been into this for a few months, I'm still doubting when push comes to shove, silver will survive as compared to gold.

I just watched the old STAR TREK again recently, they mentioned something, that the world no longer have a need for currency, everyone is working towards survival and to the betterment of human kind. Ha ha, of course that is sci-fi , but like I said, and what property has summarised,

Economy total breakdown, silver is useless, food is king.

Silver is only good when
(a) during good times when everyone is looking for park their money
(b) after total chaos and people start to pick up the pieces when food issue is resolved.


So to answer curzzie question, I think if there is hyper inflation, silver and gold will be the safe haven everyone will look towards to park their money, or another currency like RMB. So as long as there IS a economy related to currency, silver and gold will be important. Gold and silver, like maloney said, will maintain their buying power for houses and food, but not as if 1 bar of gold can buy a house, since real estate most likely will move along but at a slower pace.


The USA may use crude oil as the backing for currency, since they are trying to control the world's oil production. Gold and silver will be traded as secondary metal like platinum etc...

chef

my 2 oz worth.

Chef, the reason i'm asking this is that many people were rushing into buying real estate and that constituted the price hike for the past 2 years. And, many of them are buying on mortgage. I believe that includes many of us forumers here.

By standard economic practice, interest hike is one of the mechanisms to counter inflation. So when hyperinflation hits, what will happen to interest rate.....30-40%? or even more? If that is the case, wouldn't it be wiser to convert some of our real estate (those under mortgage) into precious metals? As more people start worrying about the interest rates, precious metals would appear even more attractive as a safer place to keep the value of their money. And if that's the case, would real estate price drop?

So, the question is, where will interest rate go when hyperinflation hits?

This post has been edited by cruzzie73: Nov 17 2011, 11:38 PM

Personally I don't believe much in real estate.

So maybe I'm not the correct person to comment, I hope some real estate sifu can answer.

But lookiing at the past experience, real estate can go both ways, during the 2008-09 crisis, US real estate are all going for a song, while singapore real estate price continue to shoot up.

Anyway past experience? usualy we have normal inflation, but hyperinflation will probably happen once in our lifetime, so nobody can predict how it will go. But I guess most people will want to keep the money in the bank for buying food and essential item instead of thinking about investment, so like cars, the price may just go down due to lack of demand.

chef

other comment?

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Added on November 18, 2011, 8:53 amby the way, silver is now USD 31 per oz!!


This post has been edited by chef: Nov 18 2011, 08:53 AM

1. whether is high or low interest rate, the printing of money continues and everything will go high, people will lose trust in fiat.
2. Interest rate will remain low for quite sometime for people to get elected.
after most critical resources has been brought by the elite via printing of money, then only they will raise the interest rate, and people will die lah.
once interest rate is raised, the elite is no longer in debt, they will be cash /resource rich. then raise interest rate, then people will do a quick sales, they will grab all these cheap stuff at low prices.

that what i think. i could be wrong.

Good points Sir.

Polticians will want to stay in power.

real estate. I don;t believe that much. I believe house is meant for comfort and to be stay and rarely for investment.
For years to come, I foresee that at least 65-75% of the property in town becomes useless as it is no longer sustainable. Only a handful strategic located property will be valuable. At that time, no $ can buy such property as people simply don't 1 2 sell.
the rest even if it is freely rented out, people oso dun 1 2 stay.

it depends whether U 1 2 live 20 -50 years, your own life. include your children life or 200-500 yrs, your few generation down the road
If it is your generation, then get a big piece of land, plant food, own water etc,. just like orang asli in forest. live in small community area
like Bario HighLands. e.g.
After all my studies so far, sad to say but this is the only way to go if U still 1 2 live peacefully and reasonably well in the future.

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Added on November 18, 2011, 10:15 amlook like a school teacher name tag, teacher teacher got give tuition or not.


This post has been edited by GoldChan: Nov 18 2011, 10:16 AM

@GoldChan

that was my form 5 name tag la.. haha

my opinion is
low interest rate = people who cant afford to loan at high interest rate able to loan out money from the bank, and easy money goes to the person hand and he might use the money to buy house or to do other investments. When alot of people getting more of this kind of easy money and it will make the housing price raise, commodities price raise, daily expenses raise. Low interest rate = easy money = more money circulate in our countries and make our countries look like rich with highways, flyovers, nice airport, high building etc etc but all these money have to pay back 1 day with INTEREST. How to pay back the money with interest when there's is only (example) 1 million ringgit circulate in our country but have to pay back 1.1million? the answer is print more money because the money wont just pop out like that. Print more = get more debt = higher inflation. All the countries over the world pay their debt with new loan and pay with their old debt. It is impossible for a person, apply few credit cards and keep paying old credit card debts with new credit card, the person will go bankrupt 1 day.

nice explanation kakiayam.
the concept is very similar to a youtube video i watch earlier explaining the debt in US.
not long ago i've put up the video in my website. since this is a silver discussion thread, i will share my website video page which consists of the above mentioned country debt explanation video and another 2 precious metal video - rather than all those links individually. here is the page:
Videos - Silver in Malaysia

(the country debt video is the 3rd video)

This post has been edited by property101: Nov 18 2011, 02:21 PM

oh yea i watch all the videos in 1 month time that is explaining the FED, the monetary system, gold, silver, how the bank works, stock market works and i finally got a formula to get rich like those rich people out there. When tons of paper currency print out and you on the top of the pyramid, you could get rich by using the money to buy something valuable quickly before the inflation starts(before the tons of money flow out to civilians hand, which is the bottom part of the pyramid). Its not hard to get rich, but its hard to get to the top of pyramid.

Remember Nov.9th I posted this commentary, when spot price closed in London was USD33.7. The last one month I had bought 3 times when spot is 30.8, 34 and 31.5(today). To tame this wild silver price volatility, the solution is cost averaging, meaning buying on regular interval on a consistent basis.

Good luck in your silver investment.

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Added on November 18, 2011, 9:15 pmGoldChan,
Cheer up, the doomsday is not here yet. If it happen, you and Chef are right that a plot of land growing own food is the most useful investment. For those who can't do that, then precious metals are useful for preserving asset and buying power.

During the 60's when Taiwan was poorer than Malaysia, and there are many Malaysian Chinese provided financial support to Kuomintang Government in Taiwan presumably having anti-communism ideology. Chiang Kai Shek, President of China before 1949 and President of Taiwan after that, advised the rich Oversea Chinese saying: "I have nothing to give you in return for your generous contributions, however I will give you an advice. Go back and buy as much land and properties as possible, everything can be produced but human can't produce land, period." That statement is still true till today, and more true for island countries like Taiwan and Singapore, and large cities like Hong Kong, Shanghai and Beijing.

Whatever yardstick you use, given the real estate crash of 2008 and subsequent weak market, the average 15 years (1996-2010) return for all investment, Real-estate still comes up top with 13.05%/year return, follow closely by Precious Metal with 12.83%/year return. Real-estate is top for 1996, 2000, 2001, 2004 and 2006. Precious Metals was top in 2002, 2005, 2007, 2009 and 2010. Property had proven to double every 10 years, for centuries. Yes, this decade potential is Precious Metal without any doubt, but before 2002 Precious Metals give "longkang" return for your investment.

So guys, please give fairer comments on other investments even we are precious metal, particularly silver, supporters. There is always the other side of coin.

Man always have ingenious way to overcome obstacles and that explained why we are the only species on planet that grow from 1 billion to 7 billions within the last 50 years.

Cheer up folks.

This post has been edited by taurusbull: Nov 18 2011, 09:15 PM

Very well said, Taurus .....

Very interesting read, and eye opening.

I'm beginning to look from a different perspective towards real estate. Anyway, now THAT is really a big boys toys. I will dabble into real estate when I have upgraded to that level.

chef

Hi Guys,

May I know where I can get a vacuum air-tite cover for 1kg Pamp Silver Bar?

Thank you.

Chef, it's not always big boys' toys. Small money can always start with small properties (or other small investments), and upgrade when more capital becomes available.

Quality of investment is independant of the size of its capital. It's the return and its speed that matters.

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Added on November 19, 2011, 11:35 amoh, and its consistency too.

This post has been edited by cruzzie73: Nov 19 2011, 11:35 AM

anybody selling 1oz air tites? can pm me their offer...