buy consistently every month. if i have extra cash, buy a little more.

the trick here is one must not buy silver with the cash that one might need in the next 3-6 months. it should be excessive cash. one must first build up a sum of reserved cash before considering any form of investment. the point is the get to a destination steadily rather than fast but unstable.

once a person has build up a sufficient sum of reserved cash, during the drop, he can buy with every single extra cent.

This post has been edited by property101: Nov 25 2011, 07:08 PM

Thanks for opinion...now one of my biggest challenge is my wife's view towards convert fiat money to silver/gold.her big question mark in her head is 'what if one day PM are become worthless?'..for her, keeping money in the bank is more comfortable than buying gold or silver...and she's acting more like a cop, asking me how much have i bought gold/silver bla bla bla..

What "IF" Malaysia was in a war, all banks also tutup dah.

This post has been edited by 8181: Nov 25 2011, 07:02 PM

bah same with my parents, when i buy they said im wasting my money. They also said gold price is dropping now, why the hell u go buy it? The price not yet reach to bottom yet. Really speechless....

Let them watch the videos in property101's website: http://silverinmalaysia.com/videos/

Majority mentality are like that, always waiting for the next big drop. And when it goes up, than they rush into it. Luckily my dad and wife layan buying PM's as well.

robert kiyosaki describe this as "savers are losers" and "cash is trash".

didnt every investment guru was talking about "the greatest wealth transfer"? the greatest wealth transfer is referring to transferring wealth from those who keep their asset in paper money to the people who keep their asset in hard asset (PM / property / etc).

This post has been edited by property101: Nov 25 2011, 07:12 PM

no they didnt even buy it because for them, gold n silver is just like paper asset and never thought of what money really is. Their generation were educated to save money in bank. Same to education now in school, save money so that you could buy something in the future but sadly when they save enough money that time, the price is not the previous price anymore

Cruzzie, the above indicates your profound understanding. Very good indeed.

Wow, this discussion is going great! And all the important point was brought up.

Hey 8181, I've yet to meet your dad, I guess will missed the chance as he should be overseas by now? Was hoping to learn something from him about gold.

Anyway,

I think that's why we are among the pioneers of silver, if everyone knows and believe in silver and gold, well, it wouldn't be at such a low price now would it? Always see problems as potential opportunity. 99% of the people will think PM are useless, but when the marketing is done properly, and more people are starting to notice them, the price will rise quickly and many people will be chasing after it, and buying at high price. We, who had already bought our share or PM, will reap the benefit of keeping or adding or liquidating our PM in exchange for well, cash, real estate or food.

chef

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Added on November 25, 2011, 9:10 pmWell, then I am lucky.

I talked to her for a while, (a few months though) and recently, she just handed me some cash and told me, just buy for me whatever you think right, price and product wise. Just manage for her, is all she said.

So I have her full support in this. I guess you would have to convince your wife about this, since she has access to your bank account if not directly, at least thru you. You can't hide it for long, PM especially silver are so large, leave it at the wrong place she might just thought it's rusted metal and throw them away.

Good luck, spend time sharing your views and some war story of vietnam, africa and germany.

chef

This post has been edited by chef: Nov 25 2011, 09:10 PM

Yes..i hope so.silver is new for me, gold also the same.just start to buy them from last month.luckily i got quite handsome bullet after withdraw my epf to buy house.with the surplus money, i do some homework to find alternative way to park my monies...

in my case, it's my female boss who started looking into PM no need convinced her at all. haha...
lady tend to worry more. my female boss wanted to buy PM, even took a seminar on how to invest properly but eventually didnt buy any (even until today). i offered to share half of the cost for her first purchase, kinda like a joint purchase, 50-50 but yet she didnt buy any

Hmm...

Personally, If I'm working and I come into monthly salary at the end of every month, yup, I will buy, hang around and monitor the price, stay the same, salary come in, buy again, hang around again... etc...

On the other hand, if I have already set aside a sum of money to buy at USD 25 per oz (say 1/3 of my spare cash), I would have made the decision there and then in the first few days to make the purchase of silver at USD 25/oz. Then if the market remains at that price, well, I wouldn't do anymore purchasing or selling (unless I need money urgently).

Like some of you who mentioned in version 1 or silver investment, you buy some when the price hit certain benchmark, then if it fall, you buy some more, if it rise, you buy less or not at all. I hope you guys get what I mean.

So in summary, If the price hit USD 25, I will buy, then forget about it as long as the price remains around there, if it falls again (to my next benchmark) I will buy some more. If instead it rises, I will wait for it to hit my target selling price and liquidate those EXTRA (I'm stressing EXTRA oz of silver, not all) silver to buy something or move into other investment. (such as gold, real estate, platinum, currency, holiday etc...]

Chef

PS don't shoot me at the mentioned of PM to Fiat money, we still need fiat money to live, and as a means to convert back to PM in the near future.

My 2oz worth

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Added on November 25, 2011, 9:39 pmWhoa!! glad to have you on board.

Well, spreading your portfolio is important. I used to put everything into one and hope till I go crazy that I reap the rewards, now I know better. House and gold and silver are something solid you can see and hold or touch. So they are important investment, but I must also say, when times are bad, say price of PM fall by half, those people against PM investment will say "I told you so" and we have to take it and swallow it in whole.

And that is the time to come here and we help boost each other morale.

But good times are coming, because news from singapore and malaysia are now poised for low growth and bad economies 2012. I just hope PM will not get drag down as well, and at this juncture, I must add a comment that might not be welcome. Do look at USD and RMB as currency to invest.

chef

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Added on November 25, 2011, 10:03 pmHmm... It goes to show, man makes decision faster than woman, especially in terms of investment. Anyway, try to show her you buying and selling silver, and at the same time, making some money, bring her to some transaction meeting, she will start to see it in different light.


Anyway, guys!!

So it's confirm that the lunar dragon pamp suisse is the first of the lunar calendar design, meaning every year they will change the design according to the year. We were speculating that the dragon is a new design to replace fortuna, but I guess the suisse saw perth mint success and wants in on chinese market!!

chef

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Added on November 25, 2011, 10:18 pmHmm... It goes to show, man makes decision faster than woman, especially in terms of investment. Anyway, try to show her you buying and selling silver, and at the same time, making some money, bring her to some transaction meeting, she will start to see it in different light.


Anyway, guys!!

So it's confirm that the lunar dragon pamp suisse is the first of the lunar calendar design, meaning every year they will change the design according to the year. We were speculating that the dragon is a new design to replace fortuna, but I guess the suisse saw perth mint success and wants in on chinese market!!

chef

This post has been edited by chef: Nov 25 2011, 10:18 PM

Anyone can share how they stored their precious silvers? Maybe can give some ideas to me

Tell me where you live and I can give you some ideas

This post has been edited by bigwolf: Nov 25 2011, 11:43 PM

lol. and the next day it'll all be gone!

Aik? Want to know where i live? Terrace house laaa..

i was hoping you'd give me an address or something but marcus just blew it

I can recommend you to rent a safe deposit box in SDB Sdn Bhd, 3rd floor, Metropolitan Square, above Citibank, with a rental of RM50/year (normal price is RM80/year - RM10/yr(referred customer discount) - RM20/yr (referral commision converted to customer discount - I don't want it)).

Anyone interested, let me know.

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Added on November 25, 2011, 11:56 pm Sorry, Metropolitan Square is in Damansara Perdana. They have another office in Summit, USJ, but the smaller box is rented out. The smallest available in Summit is RM70/year (RM100-RM30).

This post has been edited by taurusbull: Nov 25 2011, 11:56 PM

taurus, would you suggest keeping a safe at home?