er.. if u only bringing in 1 coin.. tax wouldn't be so much la. fiat is enough.. unless u are taking a whole package of coin like monster box.. then better ready credit card.

*btw i am not sure if KLIA custom accepts credit card or not..

best you call them up before you go la. carrying too many cash also dangerous

GoldChan,
Everybody have their own investment strategy, and it is good that you believe strongly on your own strategy with conviction. Situation changes in any market; time, size, awareness, players, inventory, pricing and many other factors. There is a book called "Who move my cheese?" reflected how the old timers tend to loose their groove if they don't evolve with the market changes.

Thomas Edison quoted: Genius is 1% Inspiration + 99% Perspiration.

If we correlate the quote to reflect business/investment in modern time, we will have:

Result = 1% Strategy + 99% Implementation

Thinkng alone doesn't buy you the bread but actual actions in the implementation will separate the man from the boys.

Don't worry and let fate take care of human existence. 1984 doomsday prediction passed with no extinction. Let watch Nostradamus 2012 doomsday prediction next year.

I browsed through 'Silver - The New Shine' book at MPH today and it got me interested to check out on silver. i stumbled on this thread and as of now, spend almost 3 hours reading pages and pages of good stuff written. Now I'm getting really interested in this. I just need some advice from you veterans out there:

my scenario:
i am a complete newbie in the field
and I can allocate 300 a month for buying anything silver.
My goal is to cash out on silver after 4 years, assuming my plans for PHD overseas will work out.

my plan of action:
buy a small bar and a numismatic coin and keep them at a bank safe box every month.
slowly sell them away towards the end of my investment period.


what say you champs?would my plan work?

thanks!

This post has been edited by ballackahn: Dec 13 2011, 05:15 PM

hehe, true true. if worry and fear, then no need to do anything and i won't be reading this thread and enjoying my time now since this is a new passion for me.

Lets live life and happy investing

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Added on December 13, 2011, 5:11 pmif ur reading this thread im sure u know roughly the answer alraedy. Just go over to SLS and start buying some bar
Of course its not simple as this since u have to know what is ur investment objective, short term, middle, long. I also pening abit since im also a newbie.
Happy shopping

This post has been edited by kei18kun: Dec 13 2011, 05:11 PM

Start with buying something with low premium such as silver bars and silver rounds such as APMEX, Sunshine, Scottdale and etc.
With current price, you should be get 2 x 1oz with price each of RM115 as I see at the market.

sorry peeps, was reviewing my post when i realized it wasn't detailed enough.

Buy 2 oz of bar/round every month on the chosen week for investment, regardless on the price to cost average your holding cost.

thats the plan now mate. just one more question, where do you people keep your precious stuff? if its in bank safe boxes, which one would be good?

My humble opinion only, it might work and it might NOT work. I believe most if not all of those in this thread believe in the future of silver and it is not the same as the future of gold as the latter's use is lesser but its rarity and "big bro" status would be there, for now.

However, if you say you need to cash out after 4 years, then the decision becomes murkier as silver's pricing is volatile and touch wood if 4 years from now silver becomes much cheaper (say USD 25 per oz) you would've lost even your capital 'invested'. In the long run however, I have not seen a reason why the metal wouldn't fly.

Lastly, the decision would also be like trying to determine if the USD will be repealed in 4 years time as if it does you're in to reap the rewards. Again, that is after all the havoc and chaos of the fall of a giant (USA) subsides.

edit: If it falls to USD 25 per oz many here would be rejoicing so please do not misconstrue the "touch wood" part

This post has been edited by jeff_ckf: Dec 13 2011, 05:35 PM

i myself thought of that too. 4 years might be a bit too short for silver, since it might take some time for it to catch up with gold. Ill probably buy capital protected funds to save up for PHD, while buying silver for the long run. thanks for the insight.

where do you get your silver from? and where do you keep em?

cheers!

There's a lot of sellers in the Facebook group called Silver Lot Shop (SLS), you can join, hang around and see how the silver market goes without buying anything and when you're comfortable you can try buy an oz or two. There's also eBay etc but for now the prices at SLS are pretty competitive.

You can keep silver anywhere you feel safe

This post has been edited by jeff_ckf: Dec 13 2011, 05:52 PM

You actually had your plan pretty well thought out already. Easy, just start buying low premium, internatinally recognised, investment grade silver bars. As you progressively gain more knowledgement on silver investment, then you can change your plan or the type of silver investment you want to venture into.

And yeah, don't get too bothered by the price fluctuation, it's not easy to "time the market", just buy at fixed time period and let the law of averaging do the job.

Visit this forum often, learn from others, and also contribute back with sharing what you've learnt over the course of your silver investment journey.

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Added on December 13, 2011, 6:08 pmBuy silver with your disposable money only. If you have some money that's already allocated for a specific reason other than investment or value protection, don't use that money to buy.

If you already have the funds set aside for your PhD, and silver investment is for potential harvest AFTER your PhD completion, then go ahead and invest in silver with your extra money.

This post has been edited by cruzzie73: Dec 13 2011, 06:09 PM

I m selling 3 pcs ASE bar at rm122/pcs.

Interested do pm me. I have posted it in SLS as well.

hi tzkhoo, earlier we among the member kinda unofficially agreed that any posting of selling should stay in Facebook group so that this thread is clean for discussion

if you are looking for alternative to list your items for sale, you can also consider putting them into my website:
Lowyat Sell List - Silver in Malaysia
cheers

oops sorry for the mistake. Thanks for the info.

One safe option is to rent a safe deposit box from SDB Sdn Bhd in Damansara Perdana (same building as Citibank) at RM80/year. If I introduce you, they will offer you RM50/year.

good of u to offer taurusbull, when my amount get considerable, might need ur intro. haha, now only have few pcs, no point

You are right, but the safe deposit box can be use to keep your other jewelleries and documents. Banks are no longer interested in safe deposit box business anymore, and many banks had closed down this business and sold their boxes to private operators.

By the way, it comes with RM10,000 insurance as standard FOC, and you can increase the insurance up to RM80,000/box but the incremental insurance must be paid RM10,000/RM20 premium/year. Meaning to get RM80,000 insurance, you need to pay RM50 + RM140= RM190/year.

Ichimoku silver overview at 11:19 min

http://www.youtube.com/watch?v=yTMlsLbGktE