Folks, I had wrote email to Perth Mint, and you want to do the same so that we don't have to pay the Fedex shit bill when we buy from Perth Mint.


Dear Pauline and Customer Service Department,
I am now a regular customer of Perth Mint that order one or twice per week, but I decided to stop the purchase as I wanted to report a totally unfair scenario of cost incurred by Fedex. I received my Mayflower 2012 yesterday, and I was made to pay RM105.80 for the supposed 5% Import Tax and 10% Sales Tax + Tax Clearance Service, eventhough Perth Mint gave FREE shipping for any purchase exceeding AUS $. The following is the breakdown of the cost to import one 1oz silver coin from Perth Mint into Malaysia if Perth Mint continue to Fedex.

Cost Distribution of Perth Mint's coin AUS $ MY RM % Cost
Mayflower 2012 1oz silver proof coin 97.27 308.45 74.5%
Malaysa's Import Tax 5% & Sales Tax 10% 47.81 11.5%
Fedex Service Fee for Tax Clearance 57.99 14.0%
Total Cost of Mayflower 2012 Coin 414.25 100.0%



I am active in a Silver as Investment Thread in the famous Low Yat Forum in Malaysia, and I had being constantly hearing forumers' frustration of Fedex, used by Perth Mint. They constantly prayed that Perth Mint will used Australian Post for their shipment. I don't prayed, I am writing to Perth Mint to use Australian Post instead of Fedex on behalf of all Malaysian buying from Perth Mint, if Perth Mint doesn't want to loose customers and not keen for its customers to subject to the above gross injustice of paying exhorbitant service fee. Worst still, Fedex doesn't even called the customer to ask permission, and just delivered the good and demanded payment before giving the good to customer.

I trust Perth Mint is a professional company and will do its utmost best to provide good service to address its customer issue.


Yours Truly
Perth Mint Account No: 501412

I realised this too.
Since the Rectangle Dragon/Baby Dragon/Mayflower release, everytime I order from Perth Mint, I will send an email to Pauline requesting my order to be shipped by AustPost.

Well, I think it's for the best for the industries, so people don't get con into scheme like this.

There's too many of them and a friend of mine was proposing a similar scheme to me, forgot the name of the website, promised 2% return every week, so most normal people will know within 50 weeks they get back whatever they put inside, so they start to put more. They even mentioned some datuk or son of someone is involved, and planning to launch a credit card. Just to assure people that the scheme is for real.

Now we are going to see more of the bust as people starts to withdraw their investment and these company who have nothing to back up will close down VERY FAST.

I hope none of you guys are in this, if you are, withdraw now, and wait and see yeah??

chef

PS Anyway, big company like TOMEI who wants to join in the fun can only mean more choices for end users, I don't think they are a threat to sellers here, since they would be playing with kilo and 100oz type I'm sure. Even if they sell 1oz bar, like gold, will have VERY HIGH premium.

You just have to email them to say you want to use EMS instead of Fedex after ordering. I did this for all my silver orders, but still use Fedex for my gold purchases.

They are even nice enough to put "sample" when using EMS.

Thanks guys, the Perth Mint shipping info is very useful.

hi guys, i have added few more items in sell list recently, do feel free to check them out:
Sell List - Silver in Malaysia

Thank you all for posting your reply on "What happens when silver drops to USD25". Good to see different view points.

Now, the 2nd part to it ....

After 3 months hanging around USD25, global recession hits and silver drops to USD21, anyone panicking? Or everyone prepares to "sai-lang" - meaning take very thing out from the bank and move them into silver (provided still got bullets left).

If I say US is facing minor deflation currently, what do you guys think?
I see that we can buy silver at 16 - 25 in future years.

A good article for your brain.

Gold and Silver Price Rally Imminent
Too Much Money, Not Enough Gold
By Andrew Mickey
Friday, November 18th, 2011


Gold prices are on the verge of a significant breakout.

But it’s not because the U.S. national debt just passed $15 trillion, Europe’s about to announce its next doomed-to-fail bailout plan, negative real interest rates, or anything that will keep gold headed much higher in the long run...

It’s much simpler: There’s too much money and not enough gold.

This has happened a few times before. Each time, gold prices surged and silver prices exploded.

And now, it’s about to happen all over again.

Four Months Away from $2,200 Gold
The gold bull has had new life breathed into it this week.

Even though gold prices have ticked down a bit, a number of large banks have upped their gold price targets.

Goldman Sachs advised in a report on Monday, “Given our U.S. economists’ cautious economic outlook and the significant downside risks associated with the European turmoil, additional Fed easing might well be needed.”

As a result, Goldman increased its 12-month gold forecast to $1,930 an ounce. Credit Suisse jumped in, too, upping its near-term gold price target to more than $1,800 an ounce. Standard Bank in London has targeted gold to hit $2,200 per ounce within the next four months.

These increased forecasts will have a significant impact on the near-term gold price.

Here’s why — and the bigger opportunity they’re failing to tell their clients about...

Follow the Money
The gold bull market has self-reinforced its way to steadily newer highs throughout the last decade.

As with most financial assets in pre-bubble stages, the higher gold prices get, the more investors want it.

You know, coin and bullion dealers sell a lot more gold at $1,000 an ounce than they did at $300 an ounce... and they’ll sell even more at $2,000 an ounce, $3,000 an ounce, and beyond.

The same has held true in the financial markets.

As gold prices were setting record highs this summer, investors were putting more and more money into ETFs, funds, and everything related to gold and precious metals.

ETF Securities Inc. — a world leader in exchange-traded commodity products — tracks inflow and outflows of exchange-traded securities. It found inflows to precious metals funds climbed by $7.2 billion in the third quarter, the largest quarterly increase in over a year.

That’s a big inflow.

But it’s massive compared to the size of the gold market.

Too Much Money, Not Enough Gold
One of the key tenants of the gold-boom-bubble is that the gold market is an extremely tiny one.

The total value of all gold produced since the beginning of time is only about $9 trillion. Sounds like a lot, sure... but it’s not.

The worldwide action of central banks to print money hasn’t done much for the economy, but it has kept asset prices up.

The table below shows that despite gold’s record run, it’s still just a tiny sliver of total investment around the world:



As the gold bull market grows stronger, gold prices rise, and investor demand accelerates, the percentage of total assets gold will eventually make up will be 5% to 10% or more.

After all, all of the major banks that manage and advise trillions of dollars' worth of assets cannot keep recommending gold without it becoming a more significant part of their clients’ portfolios. It’s just not going to happen. Gold prices must go up with demand.

To be clear, while the big banks may be waving the “buy gold” flag once again, gold isn’t even the best place to ride out the gold bull.

Right now, silver is offering much better value, less downside risk, and much more upside potential.

Silver and Gold : The Great Divide

Sure, gold prices are going higher. But the gains won’t be too big.

After all, even a run up to $2,200 is only a 25% — not bad, but not overwhelmingly great either.

That’s why silver is in a much better position.

Consider this: Gold and silver prices have been closely linked for decades. One runs, the other follows. One falls, the other follows.

They’ve been leap-frogging consistently over the past three decades without either asset falling too far behind or getting to far ahead.

Now, though, silver has fallen way behind. Since April, gold is up 15% and silver is down more than 30%.

The divergence cannot and will not last. And a continued rise in gold prices — driven largely by the big banks encouraging investors to plow millions more dollars into a small gold market — will get silver moving up again.

And when silver snaps back, it’s going to come back extremely fast.


Silver: Four Times More Upside than Gold
The primary driver for a near-term leap in silver prices is the gold/silver ratio.

Based on the number of ounces of silver an ounce of gold is worth, this ratio has stayed within a moderate range over the past 30 years.

For example: In 1980, an ounce of gold was worth 14 ounces of silver. In 1990, an ounce of gold was worth just over 100 ounces of silver.



The real value of the ratio is it can guide investors to buy gold and silver at far better prices than they would by following each metal individually.

Right now is the perfect example: With gold at $1,700 and silver at $32, the ratio is 53.

The current ratio is at the higher end of the scale. It’s simply saying silver is cheap relative to gold in historical terms. And silver currently has much more upside potential than gold.

If the ratio were to fall back to 14 as it was in 1980, silver would have to rise four times if gold did not go up at all.

Of course, history is just a guide.

There are many more reasons to expect silver to outperform gold in the months and years ahead...



A New Low Gold/Silver Ratio = Soaring Highs for Silver
Over the long run, the gold/silver ratio is going much, much lower. As a result, any rise in gold prices will be magnified even more so than the 4-to-1 example above.

Again, the reason is simple: In time, there won’t be enough gold to go around... but there’s even less silver.

On the supply side, silver is not keeping up.

■Gold and silver mines are running at much different paces. For every ounce of gold produced, there are only nine ounces of silver. (ratio: 9-to-1)
■The U.S. Geological Survey reports there are only six ounces of known in-the-ground silver resources for every one ounce of gold in the ground. (ratio: 6-to-1)
■The CPM Group reports the total silver available in the world only is only five times larger than the number of ounces of gold. (ratio: 5-to-1)
Meanwhile, demand is far outpacing those supplies...

Investment demand for silver has been making up an ever-increasing part of the precious metals investment pie.

We noted ETF Securities reported $7.2 billion of investment went into gold last quarter earlier. They also found $1.4 billion of that was into silver. (ratio: 3-to-1)

Like Gold, Love Silver
There are so many reasons to like gold right now.

Gold’s safe-haven value is only becoming more in demand as the euro collapses, fear grows more dominant, and — as Christian DeHaemer pointed out — negative real interest rates keep gold’s uptrend going for years to come.

Gold looks great, but silver looks exponentially better.

The current gold/silver ratio is at the higher end of its long-term range at 53. That’s enough to give silver four times the upside potential of gold.

The supply/demand fundamentals, however, show the gold/silver ratio could go even lower.

When the ratio reaches the point where silver fundamental supply and demand are matched, it will reach a low well below 10. That gives silver even more upside potential than gold.

The big banks are betting large sums on gold. Eventually they will be proven right, as the gold market is so small that it will be swamped by this surge in investment dollars...

But the biggest gains will be had in silver.

Buy silver. And buy it consistently.

The current dip cannot and will not last forever.

Good investing,



Andrew Mickey
Editor, Wealth Daily




Attached File(s)
 Gold_Silver_Ratio.pdf ( 529.83k ) Number of downloads: 25

Hi Chris, chunyen,

I was thinking the same thing too, of course there's the "when hyper inflation or recession hit, gold and silver is safe haven" talk.

But recently, when we see margin call and panick selling, everyone seemed to park their funds in the currency instead of PM. it is like PM has become a stocks or shares of some kind. Of course, most likely these are the people who traded paper PM instead of physical, but if all paper trader sell of their gold and silver for currency, would gold and silver price drop like a rock as well?

Then the next statement to follow is, then BUY MORE!! So if these paper investor use their currency to buy physical, wouldn't they be buying at much lower rate than what we are buying now? maybe even 50% off?

And finally we should come to the final, currency/fiat money crash and those with physical is king.

These steps are details which some of us might have overlooked. As a programmer (used to be) we look at every single little steps before reaching the final objective of us running like fugitive from a collapse country.

Would anyone want to venture listing down in steps, what would happen from today onwards, USA default on debt payment, europe currency crisis exploded and EU break up. What happen to the stock market? US Dollar? and PM?

Thanks for sharing in advance, this should be challenging and helps those planning long term, what are we suppose to do from today.

chef

Looking at the facts and numbers, Silver is destined to shine. There are so many articles and youtube video floating around the internet to prove that Silver is the greatest investment of the century. During Silver price boom in 1980, there were only the west was buying and caused the price to went up to almost USD50. Thanks to the hidden tax: inflation, can you roughly estimate how much is it worth USD50 in 20 years ago? For example, can you recall how much of goods RM50 can buy you in 20 years ago? and how much of RM does it take today to buy the same amount of goods today? Silver price will be MINIMUM USD 50 of 20 years ago value.

Fast forward to today, not only the west, but also the east - and basically the whole are buying Silver, thanks the power of internet and TV news to spread knowledge very quickly and freely, the word is well informed about the facts, the numbers, the demand & supply for Silver. Logically speaking, the coming round of Silver price boom will definitely be higher than the last 1980 boom. How is it possible that a precious metal (and commodity) that has limited supply on earth being chased by an (almost) unlimited supply fiat currency will not spike up?

There is a lot lesser available Silver in proportion to demand - either above or below ground - than available gold.

Due to the industry consumption of Silver and low supply from mining, the situation will only get worse. The supply of Silver and gold gap will only get bigger. More gold, even lesser Silver. However the current gold to Silver price ratio suggests that we have almost 50 time more Silver than gold. It could be true in long time ago, but due to industry demand in the past decades, Silver consumption rate is far higher than the production. Economy basic, if supply is low, demand is high, price will go UP UP UP!

Unfortunately, the reality has slightly disappointed us Silver believer in recent May 2011 (30% drop) and Sept 2011 (35% drop). If Silver has been steadily increase like Gold did, I'm sure Silver price will be much higher. Today the general public has not yet gain confidence in Silver. You who are reading this is not considered general public. The public are the people whom have problem believing or even seeing Silver as a form of investment or at least a medium to keep the wealth. But whether like it or not, the big movement of anything will have to depend of the middle working class. The real spike of silver price will come when the public are rushing into the silver market.

Another factor (the main factor) that stop silver price from soaring is the artificial manipulation of silver price by the big boys. Not only the banks are interfering it, but the industry players are also coming in the suppress the silver price. Let's not discuss about banks as I'm sure you can find a lot more better explanation about why it is banks disadvantage to allow precious metal price soar. I will talk about industry player manipulating the price instead.

Not long ago, I attended a Forex trading course and learned that big industry players do manipulate their country currency for the benefit of their manufacturing / importing / exporting business advantage. Take Japan for example, for a giant manufacturer like Honda (and many other giant manufacturers), a slight change in Japanese currency would significant affect the cost of manufacturing and the profit gain from export. Similarly, for silver (as a form of commodity), industry player would also manipulate the price for their advantage. Take China as example, they make use of silver as raw material for solar panel, and they do use it in a very large scale. It would not cost little to suppress silver price - but imagine if it cost USD 1 million to suppress the silver price which will lead the manufacturer to buy the same amount of silver with USD 5 million; although it is unethical, it's a no brainer for the business to spend USD 1 million rather than USD 5 million for the same amount of silver. In fact, just like any business, these big boys are not working solo and manipulating the price individually, they are working as team to strengthen each other. It would take a very big force to bring them down.

However, like a Chinese proverb says, "paper can never wrap fire". I'm confident that silver price will one day revert to an honest price. You, will want to buy silver now rather than buying it when the price has reverted back to honest price.

Feel free check out my website post with a more graphical illustration:
Why Silver Price is Not Rising

This post has been edited by property101: Nov 27 2011, 10:18 PM

I disagree with the bolded part.

When the current financial system fails, many things will fall apart as well. Let just put aside arguments where people who hold physical may be robbed or killed etc etc and just imagine humans are civilized.

Everybody knows that during the olden days, gold and silver are viewed as precious metal. Even though current era still follows this mindset but will everybody be sure that when the financial system fails, gold and silver will still be as sought after? Everyone is having the pretense that when financial system fails, gold and silver will pop up as the shinning star. I strongly believe in barter system if the current financial world fails, after all you cannot eat a rock then.

Gold and silver are sought after during olden times as there exist a system that govern most things and also due to the system, people can place value on a rock as well. Inca's civilization was said to hold more gold than the Pharoah but they end up perish, gold is only as good when people sees them as valuable.

We shouldnt keep thinking that gold and silver will end up being at the top if financial system fails, as the value of a precious metal may totally be different in a totally different human civilization. What if when the financial system fails, people view Rhodium as more valuable instead?

People who wish to get into precious metal will still be bounded by the current financial system, most people in fact view precious metal for their numismatic value instead of their actual value (Look at dragon for example).

Hello guys,

I have a question that may have already asked before but sorry that I am new to this forum and I can't really read through every post here to look for the answer... therefore please excuse me for asking here again.

I would like to know is there any shop/store/retail chain that buy and sell PHYSICAL gold/silver bar/round around Klang Valley area? To be more specified, I am actually from Klang and if there is any shop I can buy from Klang would be perfect.

I am those typical type of "old-man" that prefer to buy PHYSICAL goods so that I can see the goods by myself before I pay. Therefore, any information on the above question is much appreciate.

Thank you in advance.

I don't really know whether there are such shops here.
Your best bet would be by buying from individual trader.
Try this FB Group https://www.facebook.com/groups/silverlot.shop/

if everyone has something to offer, barter might work pretty well. but if i'm someone who has been sitting in office for the past 10 years and my skills mainly on paper work, i doubt how much i can offer during the failure of financial system. i suspect there is nothing much for me to barter with other people.

have a look at Zimbabwe during their hyperinflation, they were using gold to exchange for food:
http://www.youtube.com/watch?v=7ubJp6rmUYM

however, gold could be too high in value to be used as money in daily life. if i have a 10gram gold bar, it's quiet hard for me to exchange that for some bread and vegetable. scraping the 10gram to be 0.5gram for a decent meal might not be easy to do. in fact, if i bring a 10gram gold outside, i'm very likely to be robbed before i have made my purchase.

i believe this is when silver comes in handy. for example 1 oz silver bar or coin can exchange for a very good meal for 5-6 people. a 0.5 oz silver coin might buy me a fat chicken and some vegetable for dinner tonight.

i'm a big non-believer for the numismatic value. people will only pay for numismatic value during good economy time. during bad time, people will be talking about the weight of the precious metal rather than the brand. look at the above Zimbabwe video again, notice no one talk about numismatic value nor brand? they are talking about 0.1gram of gold for a loaf of bread. no one cares about the brand and the numismatic value. the "numismatic value" is basically a premium that goes to the pocket of minting company. it does not carry any real value.

This post has been edited by property101: Nov 28 2011, 01:36 AM

Here are some website links that can help you:
1. http://1stopgold.com.my/index.php?option=c...tid=27&Itemid=4 (office near KLCC)

2. http://mysmartgold.gotdns.org/Liverate/Home/Liverate (office near Wisma Rockwilsl)

alternatively, you can check out my website, i have listed a list of seller in my website:
How to Buy Silver in Malaysia

That is why very important to not let people know you have a lot of AU & AG.

my good old time parents' advice
"wealth cannot be shown to the eyes"