how u trade paper silver?
forex market?

No jewellery....thats for my wife. 

Mostly coins.......for gold and paper trading for silver.
My only physical silver are numis coins........

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Added on December 1, 2011, 3:36 pm

i found both 10 years ago. But silver is different animal from gold.........

Good for you. I am heavy in rental generating properties. I had posted on properties vs precious metals earlier, and don't want to repeat here. All the knowledge I had for precious metal is only 3 months old, but precious metal is such a simple product that you don't need so much time to learn. What is needed is conviction that there is no free lunch for investment, and you must do your homework, and follows your head instead of your heart. Many investors like to act like a herd, and find easy way by listening to what others are doing.

so, u trade using us broker or local broker?
if i want to learn how to trade etf, any recommendation on where should i start?
so far i know how to trade in KLSE only...

yes. its the SLS' bigger brother..
https://www.facebook.com/groups/gold.lotshop/

i dont which will win or lose.
All i know is i am in both boats.....gold since $240 and silver since $5.80....

Last time silver topped out at $50 i sold my AGQ after last entering at $108 and sold $380

either way i will win....... 

On the other hand, I bought a bar of silver at spot rate of about USD 31, (I think bought at RM 120) and now at current silver spot price USD 33.17, what's the selling price in SLS? RM 118 (I just checked). No way to make a profit even with the price moving 8% up.

On the other hand, I bought a bar of silver at spot rate of about USD 31, (I think bought at RM 120) and now at current silver spot price USD 33.17, what's the selling price in SLS? RM 118 (I just checked). No way to make a profit even with the price moving 8% up.
I'm not trying to mislead newbie, who needs hand holding here, I think many newbies here already proven they can think and research and found the type of bars and size they want. I am just trying to say what I think, is all. share experience, facts, and perspective. So far I have not gun down anyone's point of view, and I hope nobody here will do that, so as to promote sharing and brainstorming of ideas, freedom of thoughts. It's tiring enough at the office with all the politics, we all just want a peaceful place to relax and chat. cool? 

chef

PEACE.... 

Chef, i had the same experience as you, guess we started collecting silver right about the same time. But what happened then was we were so new we did not know where to get the most competitive price.

Also, there weren't that many silver sellers then, so the traders could command higher profits. However, the past 2 months have seen a surge in the number of traders, especially notable in SLS. Naturally the sellers had to reduced their profit margin to stay competitive, thus we are seeing silver price becoming lower now. This reduction in price is merely reduction in traders' profits, not reduction in the value of silver.

Gold is different, its market is a lot more matured than silver. Profit margins 12 months ago is not much different from profit margins today. So you see the nett effect of gold price hike when spot goes up.

Personally i think silver market in Malaysia now has come so much nearer to spot, that if we buy today and sell in future, any increase in silver spot price would be converted in full (minus the small profit you paid to the seller earlier) into "profit" in fiat money terms.

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Added on December 1, 2011, 9:29 pm

What i'm saying is that 12 months ago, traders selling at 15-20% profit. Today in SLS, traders selling at 3-5% profit. That is already a 10-15% reduction in selling price (assuming spot remained the same today as in 12 months ago).

Chef, i had the same experience as you, guess we started collecting silver right about the same time. But what happened then was we were so new we did not know where to get the most competitive price.

Also, there weren't that many silver sellers then, so the traders could command higher profits. However, the past 2 months have seen a surge in the number of traders, especially notable in SLS. Naturally the sellers had to reduced their profit margin to stay competitive, thus we are seeing silver price becoming lower now. This reduction in price is merely reduction in traders' profits, not reduction in the value of silver.

Gold is different, its market is a lot more matured than silver. Profit margins 12 months ago is not much different from profit margins today. So you see the nett effect of gold price hike when spot goes up.

Personally i think silver market in Malaysia now has come so much nearer to spot, that if we buy today and sell in future, any increase in silver spot price would be converted in full (minus the small profit you paid to the seller earlier) into "profit" in fiat money terms.

Fellow silver lovers, are there any websites which you go to frequently to read up on news or to buy stuff relating to silver? Most already know the fundamentals of silver investing so just wondering what websites do you guys go to for additional information?

Thanks for the share Nidz and property101. And yea, I already bookmarked your page for sometime already property101, good work there.

taurusbull,, nice information.. i learned a lot 

Silver Bars

100-oz silver bars

Buy silver bars as a convenient way to invest in silver. 100-oz silver bars are uniform in shape, which means they are easy to stack and store. Because silver bars individually weigh only 6.86 pounds on bathroom scales, they are easy to handle.

Further, 100-oz silver bars are .999 fine (essentially pure), which means investors can store a great amount of wealth in a relative small space. Because 100-oz silver bars are accepted trading units, they are as easily sold as they are bought. Buy silver bars with confidence that you are getting universally recognized silver investments.

Buy silver bars readily available

The most readily available 100-oz silver bars are Academy, Ohio Precious Metals, Johnson Matthey and Royal Canadian Mint. Wall Street Mint silver bars, which are no longer manufactured, sometimes are available.

Sunshine Minting silver bars, although still being made, are difficult to come by. The company offers no explanation as to why their production is low.

Engelhard silver bars have not been made since the 1980s and often are not available. When Engelhard silver bars are available, you can buy them knowing that the bars were manufactured by one of the esteemed names in the precious metals industry.

Academy silver bars
Academy silver bars are popular with silver bar buyers because they are manufactured with CNC (computer numerical controlled) machine tools that result in precision cut bars being identical in size and shape. Academy silver bars are the only silver bars that we know of that are manufactured with this high-tech process.

Because of interlocking grooves, Academy bars can be stacked like Lego pieces. Academy 100-oz silver bars are serial number, which is not the case with most other silver bars presently being manufactured. (RCM 100-oz silver bars also are serial numbered.) Academy 10-oz silver bars are also available but are not serial numbered.

In 2010, Academy Corporation was acquired by a subsidiary of Brush Engineered Materials Inc. an Ohio-based company. Recently, Brush changed its name to Materion Corporation, which trades on the NYSE under the symbol MTRN.

Materion plans to unify all of its businesses under the new name, and sometime in 2011 Academy silver bars will be changed to Materion.

Royal Canadian Mint silver bars
The Royal Canadian Mint manufacturers some of the highest quality bars on the market. Silver bullion dealers simply call them RCM 100s.

RCM 100s are flat and uniform, making them ideal for safe deposit boxes.

RCM 100s are the only .9999 (four 9s) 100-oz silver bars being produced. RCM 100-oz silver bars are serial numbered, as are Academy 100-oz silver bars.

Ohio Precious Metals silver bars
Ohio Precious Metals is a respected regional refinery that turns out attractive, flat cast 100-oz silver bars. OPM bars are suitable for stacking and storing as they are similar in size and shape to the old poured Engelhard silver bars.

The bars are marked Ohio Precious Metals, .9995 fine. They are not serial numbered.

Johnson Matthey silver bars
Because of the esteemed name, Johnson Matthey silver bars are popular. Johnson Matthey currently is manufacturing poured (cast) 100-oz silver bars, but production is not enough to meet demand, resulting in Johnson Matthey silver bars carrying higher premiums than Academy, Royal Canadian Mint and Ohio Precious Metals silver bars.

Johnson Matthey has not produced their struck silver bars since the late 1980s; therefore, struck JM silver bars are available only when sold by investors who bought those bars years ago. Making the Johnson Matthey struck silver bars still more scarce is the fact that not many were made in the first place.

Old JM poured 100-oz silver bars are serial numbered, the new ones are not.

Wall Street Mint silver bars
Wall Street Mint silver bars are no longer produced, but occasionally they show up in the secondary market. Because Wall Street Mint bars were produced relatively recently, they normally are in pristine condition.

Wall Street Mint 100-oz silver bars were produced by an extrusion process and are the same dimensions as extruded Engelhard silver bars. Wall Street Mint and Engelhard extruded100-oz silver bars are ideal for stacking and securing in safe deposit boxes.

Wall Street Mint is better known for its 10-oz silver bars, which carry the skyline of New York City with the Twin Towers still standing. WSM's Twin Towers bars rarely are available.

Sunshine silver bars
The name Sunshine is nearly synonymous with silver because of the famed Sunshine Mine, in the equally-famed Coeur d'Alene Mining District, near Kellogg, Idaho. Further illustrating Sunshine Minting's prominence in the silver industry, the U.S. Mint uses Sunshine 1-oz blanks to produce its Silver Eagles.

Investors can buy Sunshine silver bars with confidence that they are buying a renowned name in the silver industry. Old Sunshine silver bars can be either struck or extruded. New Sunshine silver bars are hard to come by, and no one seems to know why.

Most Sunshine silver bars are serial number, but a few are not.

Engelhard silver bars
Engelhard silver bars remain popular despite not having been manufactured since the late 1980s; however, they are not always available.

Most Engelhard 100-oz silver bars are extruded (maybe 20% are poured) and are ideal for storage in safe deposit boxes. All extruded Engelhard silver bars measure the same; poured Engelhard silver bars can vary a little in dimensions.

Engelhard 100-oz silver bars are serial numbered.

Silver bars: .999, .9995 and .9999
.999 fine 100-oz silver bars, usually stated as "three nines silver bars" have been industry standards since the early 1970s. And, they remain industry standards despite some refineries stamping higher purities on their bars.
For instance, the Royal Canadian Mint produces .9999 ("four nines silver bars"), and Ohio Precious Metals stamps .9995 on their bars ("three nines and a five").
Meanwhile, Johnson Matthey, one of the most prestigious names in the precious metals industry, continues to stamp .999 on their bars, as does Academy Corporation. JM and Academy bars would probably assay much higher, but those two companies put simply .999 fine on their silver bars.

How 100-oz silver bars came to be

In the early 1970s, inflation ran rampant, and investors moved to protect themselves by buying silver, one of two proven inflation hedges. Gold, of course, is the other, but before December 31, 1974, investors could not legally own gold bullion.

To meet the surge of silver buying, small refiners began turning out .999 fine silver products. By the mid-1970s, demand was robust and Engelhard, a major precious metals refiner, began producing .999 fine silver products. Engelhard 100-oz silver bars were instant hits, and shortly thereafter Johnson Matthey, another prestigious precious metals refiner, began pouring 100-oz silver bullion bars.

Engelhard and Johnson Matthey cease producing silver bars

By the mid-1980s the Reagan administration had brought down the rate of inflation, and silver buying waned. As a result, Engelhard and Johnson Matthey ceased production of silver bullion products.

Although Engelhard never again produced silver bars, in 2003 Johnson Matthey returned to the silver bar market with its poured 100-oz silver bars. However, JM 100s usually carry higher premiums than other 100-oz silver bars.

Silver Bars for IRAs

One hundred ounce silver bars have become quite popular for IRAs. However, for large IRA silver investments, CMIGS recommends that investors consider 1,000-oz silver bars, which nearly always are available at smaller markups over spot than are 100-oz silver bars.

Still, IRA investors who think that some day they may take delivery of the silver in their IRAs should consider buying 100-oz silver bars despite their premiums being higher than the premiums on 1,000-oz silver bars.

CMIGS does not recommend that investors buy 1,000-oz silver bars for personal investments because their weights often exceed seventy pounds, making them expensive to ship and difficult to handle.

Other silver bars

Investors wanting still lower premiums than those offered by 100-oz silver bars may want to consider RCM (Royal Canadian Mint) 850-oz silver bars. The RCM bars are not exactly 850 ounces, but that is the approximate average weight of these unique bars.

With the individual bars usually weighing less than sixty pounds, they can be shipped economically. Further, weighing less than 60 pounds, they can be handled by most investors. By comparison, $1,000 face junk silver coins weigh 55 pounds.

RCM 850-oz silver bars are not always available.

I found this article when I try to look for some information on “who are those reputable silver mints”, and I think it is worth to share this article.

This article is for those who are interest with silver bars.
I have made some amendments from the original article by taking out the hyperlinks and some links that link to advertisement site. For those who are interest to view the original article, please visit the following site: http://www.cmi-gold-silver.com/100-oz-silver-bars.html.

I am only sharing facts with substantiating proof that may be long at times, and I welcome anyone who like crap to skip any of my articles whenever they saw them.

The worst advice is giving half the information peppered with someone figment of imagination, and then narrating it like a real story, which may then be pick up by innocent reader as basis of investment. There are many pubs and cafes in Malaysia that are dying for your business to cool, relax and BS. An investment forum is a virtual meeting place to brainstorm investment strategies and opinions, open to challenges by all participants, so that readers can judge for themselves and diffrentiate the facts and craps that are posted on the forum. The facts and craps can only be segregated by repudiation and authenfication by 3rd parties offering differing opinions. Otherwsie craps and lies left unchallenge, and repeated many times will be view as truth, and that may harm innocent people looking for advice in their investment with their life saving.

Chef, i had the same experience as you, guess we started collecting silver right about the same time. But what happened then was we were so new we did not know where to get the most competitive price.

Also, there weren't that many silver sellers then, so the traders could command higher profits. However, the past 2 months have seen a surge in the number of traders, especially notable in SLS. Naturally the sellers had to reduced their profit margin to stay competitive, thus we are seeing silver price becoming lower now. This reduction in price is merely reduction in traders' profits, not reduction in the value of silver.

Gold is different, its market is a lot more matured than silver. Profit margins 12 months ago is not much different from profit margins today. So you see the nett effect of gold price hike when spot goes up.

Personally i think silver market in Malaysia now has come so much nearer to spot, that if we buy today and sell in future, any increase in silver spot price would be converted in full (minus the small profit you paid to the seller earlier) into "profit" in fiat money terms.

---

Added on December 1, 2011, 9:29 pm

What i'm saying is that 12 months ago, traders selling at 15-20% profit. Today in SLS, traders selling at 3-5% profit. That is already a 10-15% reduction in selling price (assuming spot remained the same today as in 12 months ago).