That's the best part. . . We don't even need to focus on the DMA, Premium, Spread and daily graph monitoring....
BUY. . . LEVERAGE. . . and REDEEM . . . That's all.

Looks like dragon coin is > 50% premium> Which dragon exactly?

Lookin for suckers i guess............

I just laughed for this 'intelligent' plan...ha ha ha ha ha!

@pedagang dirham, please forgive my ignorance and answer this question, how does the company use 1 World 10 Dirham (RM 268) to generate revenue to pay investors 18% dividend? where does the dividend come from?

This post has been edited by property101: Feb 25 2012, 09:35 AM

I heard that silver is down price recently?

the last silver price (significant) down was late December in 2011, i talked a little bit about it here:
http://silverinmalaysia.com/year-end-sales/

maybe they take the revenue from the dirham price itself, which the price are above silver spot price.

that's what I'm thinking.

Dear Pedagang Dirham,

To be a sound investor, we must know the logic behind the high 18% dividen. Buying a property with an established developer will probably gives a maximum of 9% return per year rental for like 3-5 yrs. Not only that, the entry outlay is high. In comparison, ain't buying a RM268 coin with 18% dividen makes much more sense than investing in a property? This suddenly dwarfed those property developers.

Now again, if that's true - why ain't our KWSP investing in it? We only get 6% dividen from KWSP last year - and was congratulating each other on the high return. 18% is THREE TIMES more than that! This again makes KWSP 6% a tiny mushroom, don't you think?

My say is, this is too fishy to be true my friend. Be really careful.

agree with kh8188.

i guess Pedagang Dirham is too busy to entertain us.

anyway i wont be surprised if there are more similar scheme surfacing in the coming months or years. some would probably give very good justification on why such scheme is safe and secured. mind everyone in precious metal investing, "if you dont hold it, you dont own it". and if you own it by paying a big unnecessary premium, that sounds something quiet wrong...

This post has been edited by property101: Feb 26 2012, 01:06 AM

IHMO:

The basic rule of investing in Precious Metal is we must understands it does not generate returns. The only way to make money out from it is by capital gain - buy low, sell high. You could do some creative accounting on top of it but I guess that's another topic to discuss.

Nevertheless, a gold or silver just sits in your safe deposit box. You cannot use it, rent it or grow it. With that, there is no return.

Pedagang Dirham may correct me if I am wrong.

Thanks.

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Added on February 26, 2012, 1:24 amOn another note, you can buy 1 world 10 dirham from postme.com.my at this link:

http://www.postme.com.my/hariraya/hampers-...lver-round.html

What makes buying the same dirham from pedagang dirham more intelligent than others?

This post has been edited by kh8188: Feb 26 2012, 01:24 AM

it was traded for RM 300 (or more) last year.
thanks kh8188 for sharing the link. as we know postme.com.my might not offers the best price in market.
i'm sure we could easily find cheaper price if were to buy it from individual sellers. the price could be anything around RM230-249. (maybe even lower?). how about buying directly from World Islamic Mint? if we could buy 1 world dirham for a price BELOW RM 250, what makes it intelligent for buy it for RM 268?

another point is, if one looks at the price chart for 1 world dirham, it does not directly linked to silver spot price. something that needs to take deeper understanding on "how it works" before you want to allocate your hard earned money into it:
http://islamicmint.com.my/chart.php

Good point there. The idea for dirham and dinar is to have an international standardized exchange system based on a fixed weight of precious metals. However it is slightly tricky as the definations varies for the weight. "Modern determinations of weight range from 4.25 grams to 4.45 grams of gold, with the silver Dirham being created to the weight ratio of 7:10, yielding coins from 2.975 to 3.15 grams of pure silver." - http://en.wikipedia.org/wiki/Islamic_gold_dinar

Also, I have yet to understands how is the value being calculated. We are used to trade gold & silver based on COMEX which is generally, USD. Dinar and dirham on the other hand may have their own set of formulas.

1 world dirham is made from the same maker of 2011 Andean Cat and 2011 Macaw .99999 Pure Silver coins - Royal Silver Mint of Panama/Bolivia. The official sole distributor for it is by SG Net which is based in Singapore. It is then distributed to Malaysia via MyNET Capital - http://www.mynetcapital.com

PostMe and CIMB are 2 official channels that you can buy from MyNet Capital. Otherwise, you can opt to buy from their singapore based webstore which in generally, cheaper than RM240 - http://www.sgnetbullion.com/products/10-di...99999-fine.html

Excl. Tax: $85.00
convert to Ringgit, SGD 85 x 2.4 = RM 204

note that in order to get the Excl. Tax price, one needs to buy minimum 2 Dirham as the minimum amount to redeem GST is SGD 100 in a single receipt

This post has been edited by property101: Feb 26 2012, 01:11 PM

from my experience, dinar and dirham is limited to muslim market
Most of my customer when they do their calculation, they will said no for dinar and dirham cause it's pricing is too high over spot.
Some strong muslim may have a lot.

Thanks 4 the laugh dude...
You think you know... But you know nothing...

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Added on February 27, 2012, 12:40 pmThe increase price with silver and the marketing plan itself.

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Added on February 27, 2012, 12:46 pmYes 1 World Dirham are also being sale by CIMB and POST ME... The difference are 1WDB are giving out the 18% dividend to the buyer in the saving program. CIMB and POST ME don't.
Of coz there is a profit and why we can payout the dividend. Simple... If you save your money at any FD accounts bank with the given rate, will the bank explain all the investment 100%?

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Added on February 27, 2012, 12:48 pmwww.1wdb.com

This post has been edited by Pedagang Dirham: Feb 27 2012, 12:48 PM

Yes, they do. Firstly, bank's accounts are aditted and publicly displayed. Also, bank is being governed by Bank Negara and all FD rates offered are standardized nationwide. FD is probably the last thing you would want to compare for your 18% dividen. In comparison, it is better to compare it with EPF which generates only 6% last year. For that, EPF has to publish a book thick of auditted accounting for justification.

Back to your 18% dividen. How would the justification made? Also, if my memory serves me right, it is not legally right to offer dividen without the approval of bank negara. Can you comment on this?

Cheers.

Do go and double confirm if the dividend is paid yearly .......

what if the price of silver does not increase enough by the time to pay dividend to investors?
what do you mean marketing plan? how would a marketing plan bring in money?

overpriced too. If you're comparing it to silver per-say. Although its a unique, different product, still not worth the premium imo.

if the price of silver does not increase, the price of dirham can increase for the lack of supply in the market, so that i can understand.
but if it's about marketing plan, then it sounds like some sort of a scheme...which, i still prefer to hold physical instead. nuff said.
and i thought dinar and dirham is governed by an international standard? and is this type of scheme allowed from the Islamic perspective?