it is a secret group and only by invited only.

pm me your name in facebook, and i will add you in.

wah... in lowyat u also recruiting downline hehe jk jk

This post has been edited by property101: Mar 14 2012, 04:09 PM

I think this issue has been raised for a couple of times.

Dirham's premium is way too high, almost 100% over the silver spot price.
If you wanna invest or go for value preservation, you should go for lowest premium items.

Dirham is for Islamic purpose and transaction currency. Not really for investment.

You can buy more in Silver lot shop @ FB Got lots of varieties there.

I working in singapore. Can ship to singapore ? i think postage expensive.

contact this guy "chef" (his lowyat nick is chef)

Crossing border to Singapore is not wise. It is subject to export tax. Also, in Singapore, you may need to pay GST for it.

For Singapore , you can purchase from www.silverbullion.com.sg

Wow, your timing is good. Silver just dropped 3% or more!!

But some news about it going lower still, but just don't try to catch the lowest price, nobody here can tell what lowest price will be, just buy those 1oz silver and you are on your way to wealth transfer receiving end!!

chef

==============

Ha!! just found out you are from singapore too?? hey, there's a coin show coming up end of the month, I will missed it. not in singapore!!

Anyway, most of the people I know are keeping their money and getting ready to shoot during the coin fair, I think you should consider that too. Anyway, feel free to PM me, will meet you in singapore if you want to. ALL silver collector I know are nice people.

chef

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Added on March 15, 2012, 11:12 amThere's a minimum purchase of 20 to 25oz, or at least S$2k worth of order.

Are you from singapore too? or working in singapore? nice to meet you..

chef

This post has been edited by chef: Mar 15 2012, 11:12 AM

I am working in Singapore. Nice to meet you too. Maybe we can meet in Singapore too.

No, i working in singapore only. i am from malaysia.

Yesterday the spot rate was 33. Today is 32. Perhaps, tomorrow will be 31 ? Should wait or not to wait ? arghhhhhh........

Oh great, I'm opposite, I am singaporean, but doing business in malaysia. most of my time in JB and KL. feel free to PM me o.k?

well, just get ready to buy, monitor the price using some apps, put in price alert and BUY when it reach your target price. but don't expect to get the price at it's lowest, nobody can predict that. But silver price going down is temporary, actual value of silver and gold are all undervalue now.

chef

Major Silver Shortage by August 2012?
Posted on March 13, 2012 by Josh Renfro

In my research this week, I came across a couple of articles that were particularly interesting. They made the case that a silver shortage could be exacerbated by as early as August of 2012. The first reason given was that currently there is a majority of long positions on silver in comparison to the shorts in place. As we speak, there are currently 2 long positions in silver for every one short position. This is truly amazing considering the massive short positions that have been held by major financial institutions like JP Morgan Chase and others. This disparity in short positions compared to long ones shows how the overall disposition toward gold and silver now are changing.

Mining Strikes
The second reason brought up was the major silver mine strikes in both South Africa and Indonesia. In South Africa, a one days strike was held in which tens of thousands of miners came out in opposition to current working conditions and wages. In the Gold Fields mines in South Africa 85% of workers stopped working leaving mining activity virtually at a stand still. Gold Fields is the world’s fourth largest producer of gold. These strikes right now have only had a small impact on supply provided, but if they continue they could significantly reduce the supply readily available on the market today. As if that is not enough many mining company are reportedly keeping larger quantities of silver as a reserve than before, which also places stress on the world supply.

Fuel Prices and Slow Economy
Third, most economists expect the price of oil to go up dramatically over the summer. Many economists have estimated between $4.50 and $6.00 a gallon. This major increase in fuel cost will also affect mining costs, which will increase the cost to the consumer. Additionally, when fuel prices increase it usually means an economic slow down. In these types of situations other metals like zinc, copper, and lead typically have reduced demand. Right now approximately 75% of all silver mined comes as a byproduct of mining other metals like zinc, copper, and lead. Thus a reduction in the demand for these metals will also reduce the available silver from mining activity.

Iranian War?
Finally, many experts believe a war with Iran is eminent. If such a war were to break out the effect on silver would be dramatic. Silver is used in a large number of military products. The United States does not have a large mining industry in comparison to the rest of the world and would be very dependent on foreign allies. There is also a strong possibility if war is declared with Iran that both Russia, China, and many other socialistic and communistic nations might not sell us large amounts of the metals any more due to their close ties with Iran.

How Likely?
Do I believe that a shortage will happen by August. At this point it there are too many what ifs, but the important point is that it would not take much for a shortage to develop quickly. So regardless of whether or not a silver shortage takes place in August or three years from now investors need to be ready.

source: http://lonestarbullion.com/blog/2012/03/ma...by-august-2012/

This post has been edited by property101: Mar 15 2012, 12:18 PM

I realise that some sellers are reducing the price of silver. Great time to get some now?

no one can accurately predict the price of silver. as a general rule, anytime is a good time. buy consistently to practice dollar cost average.

i practice what i talk. i just bought 10oz yesterday

Which one is a good start for a beginner???

A month an oz is good practice or not???

---

Added on March 16, 2012, 8:08 amI haven't bought any silver personally, but I am searching for some recently... I realise few things... Correct me if I am wrong, or maybe someone can help to enhance my knowledge?

1) Some sellers reduce reduce the price of silver these few days
2) Generally, silver rounds or bars which are measured in gram are at higher price (premium)

This post has been edited by jeenhao: Mar 16 2012, 08:08 AM

[quote=property101,Mar 15 2012, 12:18 PM]
Major Silver Shortage by August 2012?
Posted on March 13, 2012 by Josh Renfro

In my research this week, I came across a couple of articles that were particularly interesting. They made the case that a silver shortage could be exacerbated by as early as August of 2012. The first reason given was that currently there is a majority of long positions on silver in comparison to the shorts in place. As we speak, there are currently 2 long positions in silver for every one short position. This is truly amazing considering the massive short positions that have been held by major financial institutions like JP Morgan Chase and others. This disparity in short positions compared to long ones shows how the overall disposition toward gold and silver now are changing.

Mining Strikes
The second reason brought up was the major silver mine strikes in both South Africa and Indonesia. In South Africa, a one days strike was held in which tens of thousands of miners came out in opposition to current working conditions and wages. In the Gold Fields mines in South Africa 85% of workers stopped working leaving mining activity virtually at a stand still. Gold Fields is the world’s fourth largest producer of gold. These strikes right now have only had a small impact on supply provided, but if they continue they could significantly reduce the supply readily available on the market today. As if that is not enough many mining company are reportedly keeping larger quantities of silver as a reserve than before, which also places stress on the world supply.

Fuel Prices and Slow Economy
Third, most economists expect the price of oil to go up dramatically over the summer. Many economists have estimated between $4.50 and $6.00 a gallon. This major increase in fuel cost will also affect mining costs, which will increase the cost to the consumer. Additionally, when fuel prices increase it usually means an economic slow down. In these types of situations other metals like zinc, copper, and lead typically have reduced demand. Right now approximately 75% of all silver mined comes as a byproduct of mining other metals like zinc, copper, and lead. Thus a reduction in the demand for these metals will also reduce the available silver from mining activity.

Iranian War?
Finally, many experts believe a war with Iran is eminent. If such a war were to break out the effect on silver would be dramatic. Silver is used in a large number of military products. The United States does not have a large mining industry in comparison to the rest of the world and would be very dependent on foreign allies. There is also a strong possibility if war is declared with Iran that both Russia, China, and many other socialistic and communistic nations might not sell us large amounts of the metals any more due to their close ties with Iran.

How Likely?
Do I believe that a shortage will happen by August. At this point it there are too many what ifs, but the important point is that it would not take much for a shortage to develop quickly. So regardless of whether or not a silver shortage takes place in August or three years from now investors need to be ready.

source: http://lonestarbullion.com/blog/2012/03/ma...by-august-2012/

[/quote}

As far as i can remember, they have been talking about silver shortage for many many months now ....... but yet we have no issues with ordering our silver from USA.

This post has been edited by chrischin: Mar 16 2012, 09:44 AM

plan to buy 10oz silver next month any seller ?

GoldChan

One expert per chapter is fine. We can all use pen names so no need to worry about Pencuri.
An expert need not be a trader or hoarder of PMs. Just like an economist - have you seen a very rich economist?

---

Added on March 16, 2012, 2:12 pmIf you believe that selling a book makes you poor, there are some questions that need clarification:

1. Why are bookstores still around?

2. Why are there still books being published all the time?

3. I wonder if JK Rowlings is also a PM trader since she cannot possibly make any money from Harry Potter?



This post has been edited by pubmut: Mar 16 2012, 02:12 PM

Yea, silver rounds have higher premium... But the resale should be, nicer?

I've around RM700 and I have nothing to do with it, so planning to buy silver. I ever think of buying few rounds because they look nice. HAHA! But I think I will go for bars first, or maybe mixture of bars and some rounds.