GoldChan,
You have the points right. It boils down to willing buyer willing seller; from Oversea Mint/Bullion dealer to Importer, Importer to dealer, dealer to endbuyer. The silver market is still not mature as compare to gold, and the banks are shunting it due to price volatility and storage logistics, giving room for middlemen to "cari makan". Every business started with high margin, follows by more competitions, and eventually gavitate to market level profit margin that company with the best business model and efficiency will survive. This silver for non-instituational entities are only temporal and transient in nature.

Chef,
I am just giving my opinion on the benefits of keeping your silver instead of changing for gold, an honest advice for a new friend, since you posted your desire in the forum. No malaise but pure sincerity. As the saying goes, MYOB, Mind Your Own Business, is very true indeed.

Some very good discussion going here boyz. Keep up the "good quality posting" going.

I have never liked silver for 1 reason - too cumbersome!

I just cannot imagine needing to buy RM10,000 worth of silver. All i needed to do was to buy 2oz+ of gold coin - kau thim. Thereafter, just put the coin in my shorts and no one will know. But to buy RM10,000 worth of silver, wah, how many bars do i need to buy? Wanna "lari" also difficult. Some more dont know where to buy then.

That was precisely my issue exactly 1 year ago!

This post has been edited by chrischin: Nov 23 2011, 10:14 PM

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working fine on me
how about u open facebook and look for "Lowyat Silver and Gold Group" on the search bar on top

Long term return, gold is good but silver is better.
As refugee money, gold is way better than silver in terms of portability, but you can't use your gold coin to buy a piece of bread, you still need fractional oz silver coins (1/2 and 1/10 oz) for that purpose. For "lari" money, keep both gold coins and silver coins, as both metal serve different functions.

There are disfunctional behaviors between storage density, buying price and selling liquidity of physical silver.
In Malaysian market, the scenario is as follows.
1) 1 oz bar is best selling, but poorest storage density.
2) 10oz bar is the cheapest per oz.
3) 100oz has the best storage density but poorest selling liquidity. I had observed people having hard time selling 1kg (32.15oz) bar, and have to slash price before there are takers.

My advice for pure silver bullioninvestors are as follows:
1) Start buying 1 oz bar/round until you have 100 oz.
2) Then start buying 10oz bar until you have 20 to 40 pc of 10oz bars
3) Then move on to buy 100oz bar, and if you can't get then you buy 1kg bar.
4) Try to keep it simple like currency; 1, 10 and 100. An odd 32.15oz need calculator to calculate.

The above allows you to balance all 3 elements of: Selling liquidity, buying cost and storage density.

The above are only my opinion, based on my observations, and not any rules.

See me more in SLS from today onward.

Hey taurus, it's o.k. it is a forum afterall, we discuss our opinion and share point of view. giving advise to each other with good intention are great, don't read my post wrong, we all are really here to discuss and share..

But I really have no intention to trade 1oz gold for 51oz silver, and that was not my offer anyway. So I got to clarify it before someone PM me and make me trade base on that ratio, then I die...


Hey guys, any one want to trade say I give you 2 tube of ASE (2009 and 2010) and a tube of fiji taku 2011, for a 50gram pamp suisse gold bar, plus some top up from me?? PM me o.k? or some 10oz bar...

chef

Business is always about willing buyer willing seller.

To proof my point of gold to silver ratio, I (buyer) am offering 1 oz gold (ASE, Maple or Phil) to swap 51 oz silver (ASE, Maple or Phil) with you (seller). Is a conclusive offer from me to you and not your offer to sell to me. Your answer should be a Yes or No, without any insinuation. SLS is selling 1 oz Maple Gold Bullion at RM6,000.

Now your offer of 60 oz (ASE + Fuji) coins + Top Up for a 50g Pamp Suisse gold bar (1stopgold price at RM9,061.94) making a non-conclusive offer of 1 silver coin = RM151.03 - Top Up/60. The offer is non-conclusive as your Top Up was not spelt out. If your top up is RM1,200, then I will take your offer making it RM131/oz of silver coin. SLS is now selling at RM135/oz for purchase of 1 tube (20 coins) of ASE.

It is a simple case of clear buyer but unclear seller for the above potential transaction.

The group now is a secret group.
Wait for the admin at LSGG to settle.

Well, if you really need a firm answer, mmm for your first offer, No. Second offer, No. Thanks anyway... sincerely, just didn't meet my expected value.

For my offer, well, I think the admin had mentioned before, he will close one eye on selling our stuff here, on occasion. He also did mentioned that monetary offer is to be taken off line using PM, so I am unable to make a fix price offer.

And hey, everybody knows to ask for "PM me your offer" even in SLS. so what's wrong with such offer? come on, loosen up... negotiation is fun.

Finally, an advice from the admin, not from me, lowyat is meant for discussion, ads for sales and purchase is to be done by PM or FB group. Let's follow the rules set down for their own reason..

I wasn't offering a sale, I was just offering a swap, when it becomes a "Dollar value" offer, well.... having said that, I better remove my signature prices, in case we are getting too noticeable.

Let's close this case shall we? I'm o.k. to continue our negotiation offline using PM, but for posting, let's move on to discuss about silver and well, why not gold...

chef

Hey guys and gals, anyone knows what's really happening to silver? and gold for that matter?

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Added on November 24, 2011, 9:34 amI believe it true also.

but as I mentioned in my long ago posting, I think some of us will eventually upgrade to gold one day, as the saying goes, "silver is the poor man's gold" so one day, some of us would love to move on when we can afford to buy gold.

I'm on the verge, ha ha, although I traded my few pieces of gold away a month ago, I want to come back and get some gold now.

And now we know!! you put your gold in your pocket everywhere you go? who did you buy it from? I'm thinking mysmartgold, as I have never deal with them before, good time to start.

chef


This post has been edited by chef: Nov 24 2011, 09:34 AM

Negotiation is fun but insinuation need to be rebuffed every single time. Everyone is different. I am a serious, sincere and honest man. I don't take crap from anyone, not even when people are paying me RM60k/month, definitely not from people that pay me nothing.

You have it correct on the house rule.

We closed this case.

Nobody (not us retail investors) knows what exactly is happening to gold and silver but technical analysis tells that both metals are still trapped with the bear. The return of the bull can only be confirmed when their prices break the resistance at 1750 and 35 and able to stay beyond there for at least 2-3 days. Till then, we may be seeing further drop. For silver, if it does drop, next strong support will be at 29, if that's broken, it will test 25.5, and if that's broken, it will test the level where lots of silver investors have been longing for, 23.5 (this is the latest updated level from the earlier targetted 22.5).

Disclaimer: This is what I see from technical analysis, this does not serve as an investment advice. Do not make your investment decision based on this piece of opinion without further research on your own. As mentioned earlier, nobody really knows what's going to happen.

Just sharing,
Cheers.

Cruizzie73, thanks for the technical readings. Do post them more often.

Taurus, thanks for continuing the 2nd part of the story. After some long hard look, finally got myself into what chef called the "poor man's gold".

I have a slightly different method of investing in silver. From what i could get currently, the 1oz bars is not much different from the 5oz or 10oz bars (in terms of pricing per oz). So, for that reason, i do not mind investing in just the 1oz bars. For storage, the 10oz bars are good - keeping things neat and tidy, even in small space. The 100oz is just cumbersome. Too rectangle to be used as a dumb-bell and maybe difficult to dispose off in the future. So, for the time being, i am still sticking to the 1oz bars and maybe some more 10oz ... until a time when i can find really cheap source of 100oz bars (a very minimal premium above spot).

Nevertheless, i am of the view that the gold to silver "investment" ratio ideally is 2 to 1. For every dollar of silver, the investment portfolio should hold 2 dollars in gold. And out of this, two-third in physical and one-third in paper. Reason? In case i need to liquidate/sell, paper has very low spread and is extremely liquid. Physical pm is simple for long term investment. How long? Probably a very long term.

Just sharing my personal investment view point.

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Added on November 24, 2011, 1:54 pmOh and Chef,

Mysmartgold is quite ok to deal with, though parking there is a bit of a struggle and they are perpetually running out of the 50g pamp bars.

And no and yes, i do know people who always has a 10g pamp in their wallet. Well, just like people wearing a Rolex except much cheaper and easily traded for $ when needs arises,

If you happen to be around mysmartgold area, give me a buzz and we can go for a drink, (and no, i dont work for them).

This post has been edited by chrischin: Nov 24 2011, 01:59 PM

Do u mind to share what brand of bar did u mentioned above i.e 1oz, 5oz, 10oz etc?

Thursday Poison



The London 2012 Silver Kilo Coin

The Silver Kilo Coin has been designed by fellow Royal Academy member and internationally renowned artist, composer and writer Tom Phillips.

Tom Phillips is no stranger to the Royal Mint, for as a member of the Royal Society of Painter Etchers and Engravers, he created a commemorative £5 coin in celebration of the 50th anniversary of The Queen’s Coronation in 2003.

This powerful design for the first ever UK Silver Kilo Coin of text and imagery is seen in works like his famous ongoing project, 'A Humument'. Celebrating the team endeavour of the Olympic Games, furling pennants create a kind of celebratory sun for the Summer Olympic Games, while also recollecting the Olympic Flame.

It contains one kilo of silverHas a low issue limit of just 2,012 It is presented in a beautifully crafted, specially designed presentation box accompanied by an individually numbered Certificate of Authenticity


2012 Britannia

and a few other olympic coins, limited mintage of 7,000 and 2012 for the piedfort version.

Another thursday poison.

Ya i tried to search but this pop up
No results found for your query. Please check your spelling or try another term.

Update again once settled. thx

Hey hey!! How did you get hold of this set?? So are you selling it or just to poison us all...

Anymore available?

chef

My 1st Silver coin & bar

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Added on November 24, 2011, 6:22 pmYa actually how did u manage to get this set? purchase in perth mint website?

some1 in SLS selling rm2.8k, twice the retail price.

actually how much inclusive the tax & shipping to m'sia?

This post has been edited by tzkhoo: Nov 24 2011, 06:22 PM

I think we are in short supply of analysis like this for a long time. And no need to put in disclaimer lah, we are here to share our point of view and if anyone really take your word for it, well they are just too lazy to do their homework and finding someone to blame for mis-management of their investment.

Like I was sharing with someone, there was mention of another round of margin call soon, not sure when, but like your analysis, the price was aiming at below USD 30 and a possible of USD 25 as the final resting place, before rising to heaven. ha ha....

Yet, market are just not so predictable, if anyone have such info, please share.

Good luck guys!!

chef

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Added on November 24, 2011, 6:52 pmI'm hoping to graduate to gold someday. Like what you said, silver really takes up a lot of space. True, we all know from long ago posting, silver is undervalue, no doubt about it, and that one day it will rise to lower ratio in relation to gold (as taurusbull recently reminded us about it) But keeping them is becoming a hassle. I sure hope one day I can go jogging with a few bars of gold like you, ha ha...

Then we have the other discussion about paper investment and physical, never ending discussion also. But I have recently come to realise what you said is very true, as long as we don't go back to stone age, paper investment for silver IS VERY LIQUID. No need to advertise, haggle and deliver, just walk to the counter and say "sell it, update my book" and that's it! money in the pocket. Or if done online, just click click and money in your bank. By the way, can recommend where and how you trade paper silver? can give some pointers? Would like to study it.

Sure, I'll look you up, I was around there but not looking for mysmartgold though, went to some old building nearby to meet a customer. Are you walking distant to his shop? I hate looking for parking space, especially those triple parking area.

chef

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Added on November 24, 2011, 7:10 pmWell, I do face this problem too, people telling me not to buy gold, price is high, wait till it's stable or manageable.

Then gold price will be around USD 2,500 per oz. AND THEN you buy. ( I am kidding....)

Your future is in your hand, how you live your next hour, day or weeks, are based on the decision you make yourself, people around you can only advise. You should not blame anyone if you take the wrong advise, because in the end, you make the decision to follow the advise, so it is still your own decision what you should do, and you live the consequences of your decision.

buy or sell? study the market, listen to market expert, or common people like us here, who just share our thoughts about gold and silver. But I think the general sentiments is, gold and silver will appreciate in value in years to come. At least everyone here believe that. So if you need re-enforcement of your believe in Precious Metal, just come here and talk to us. we will boost your confident level.

On the other hand, I have talked to my friends about silver, nobody is interested. Gold, people think I'm growing old already. ha ha.... Anyway, still the same advise from everyone here, buy with your spare cash, gold or silver. keep it to yourself. On the other hand, if you are borrowing money from your dad to buy, then well, you really have to explain your way out...

chef


This post has been edited by chef: Nov 24 2011, 07:10 PM

Nice. 3000 sets all sold out. Hot item