haha, so fast posted at FB already. i bought the book already. just want 1 copy ebook. now looking for audio

if i'm just start invest the silver, better buying bar or buy coin?

This post has been edited by vdfoo: Dec 11 2011, 04:51 PM

bar or round is better. Find the lowest premium 1

Silver bars and rounds have the lowest premium. If your aim is to get as close to the spot price as possible then these would be good.

Legal tender silver coins like ASE, Maple and Phil are coins that are backed by the government thus having face value (50cents,1dollar,5dollars) These coins have higher premium compare to silver rounds but they are highly recognized worldwide.

You are welcome, and good luck in your silvery journey of investment.

---

Added on December 11, 2011, 8:24 pmMy advice is that you buy 1oz silver bar or round with the lowest premium, frst. If you are not a coin collector, avoid coins by paying 15.5% tax or possession of smuggled good, and paying about USD2/oz for premium imposed by government mint; US, Canada, Austria, Australia or China. Later on you may want to move on to coin and paying premium for different than silver bullion price gain objective.

1) Buy consistently by scheduling weekly or monthly purchase regardless or price, for cost averaging.
2) Buy only with your spare cash.
3) Have exit plan ready. Meaning learn how to sell as well.
4) Sell by 50% inventory reduction, so that you can still top up inventory incase lower price present itself, or your heart getting pump up again.
5) Long term investment return are quite certain, but you must have the patience and perserverance with short term setbacks.
6) No one is an expect in short term forecasting on prices.

I believe on the above strategy for silver investment, and the rest I leave it to you. Good luck.

This post has been edited by taurusbull: Dec 11 2011, 08:24 PM

haha...great stuff taurusbull!
For point 1, 2, 3, 5, 6 - coincidentally i shared the similar points in my earlier post too: Invest Silver in Malaysia
but your writing is quick, simple and straight to the point

Taurus,
Mind to explain more on point no. 4. Many thanks...

for 4) i believe Taurus is speaking from a seller point of view. this might not directly apply to investors who want to hold for long term and do not tend to trade frequently.

in layman terms, it means dont sai lang with one purchase. keep some bullet in case there is good deal such as silver price drop drastically or there is desperate seller want to liquidate his PM with a very low market price. so that you can use ur remaining 50% capital to whack the good deal.

for a more sophisticated explanation, i will let Taurus do the honour

When come the time you thnk is the most ideal time to sell all your stock, how do you know is the highest price? Nobody knows, similar to buying time. You sell 50% of your stock in hand. When the price drop, and you have a change of miind and giving you a 2nd chance to invest further, and now with profit in hand from your earlier 50% sales , you can buy more silver with the same amount of money. If after you sold your 50% stcok, the price go up, you can sell at a higher price, and your final proceed will be much higher, and you still can continue to feel good as you continue to have 100% then 50% then 25% then 12.5% and 6.25% of the maximum inventory and you won't get totally disappointed when you exit too early. This way you will not be trap by waiting too long for the ultimate price of your dream that may never materialised.

Quite similar with how Unit Trust Fund Managers exiting a certain stocks when they hit their initial target share price.

good sharing taurusbull. at last finish v1. really learn alot during this pass week. now beginning to read Mike Maloney book then. history lesson begin

haha...right!
in mike's book, a big portion covers on the history of 'money'

yes. history is an important lesson for us. learn from them, and try not to make the same mistake.
also, be prepared when opportunity comes.

Many thanks taurus...

anyone knows the market price for this coin? 2011: Grizzly Bear & Timber Wolf

Timber Wolf around RM190 above

actually a lot of people talks about learning from history, even my history teacher taught me in school to learn from history
but the fact is... history always repeat itself... why??? human always think "this time is different"?
unfortunately, in silver price history, as far as we can trace from the charts, there was only 1 obvious super bull run in 1980s. the next one was in the recent April / May (and we still now sure where it will lead us to), so what have we learn and what can we do now?

This post has been edited by property101: Dec 12 2011, 05:20 PM

Because this is a cycle? Nothing doesn't change in this world.
When something changes, another thing will change hence cause chain reaction.
This reaction will then try to find its equilibrium point.
So are gold and silver.

This post has been edited by chunyen2020: Dec 12 2011, 05:21 PM

wow....thats deep~

continue buying at this great price gradually. however easier said then done for me since im new, there are so many beautiful design, really difficult for me to just look at the value potential and buy bar and round only

That's profound and deep thoughts...

It's like GAIA, where the earth is trying to heal itself from pest and virus. And we happen to be the virus. So when the world starts to behave sickly like more earth quake and extreme weather, it is just killing off the unwanted inhabitant and some other creature will take over us, like we take over dinosaur from pre-historic times.

Everything balances it self, and the world is forever "work in progress".

Anyway, learn from history is important, learning the right thing from history is even more so. But everyone's views is different, what our teacher teaches to a class of 40 student is general, how each of them learn and what they learn is really up to themselves.

Sorry, getting a little long winded

Anyway, Gold price quite a major correction compared to the normal USD 20 - 50 price movement. Silver is following around but not by much, so it show's it's fundamentally strong.

chef

---

Added on December 12, 2011, 6:42 pmHi Kei18kun,

You are graduating very fast!! usually people buy bars and rounds and it takes a while for them to move to coins and those with premiums. I think maybe you're a collector by heart. But don't get over excited and over buy with "non spare cash" as you will be very affected by the spot price movement daily.

Wolf is usually Above RM 200, anyone offer lower GRAB!! grizzly err, not sure, I do have a few I would keep, not selling though. But you should keep the whole series, which include cougar also.

chef


This post has been edited by chef: Dec 12 2011, 06:42 PM