if it is true that ready buyer and ready seller, that means buyer can easily convert his silver to cash - which is good. but i'm not sure if this is a tested fact or just an assumption or what the agent said?

the only reason i feel a little reluctant on silver from public gold is the premium over spot price. one could get the amount of silver at a lower price in other internationally recognized brand.

mind to share how is the buying process and selling process?

also interested to know how is their service? professional? are you generally satisfied? is there any particular experience (good or bad) you want to share?

nice to have kh8188 here, always giving good advice and sharing informative knowledge

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Added on March 4, 2012, 7:58 pmreferring back to usage of dinar and dirham, if a product cost RM 20 and one dirham worth RM 25, does it provide change in fiat RM 5 or there is a work around?

i heard from a friend that how dirham works is the shop owner will convert the dirham into cash, then use the cash to buy the product and then the remaining amount (change) would be returned to the buyer, is it true?

This post has been edited by property101: Mar 4 2012, 07:58 PM

some sharing about silver price movement
http://silverinmalaysia.com/silver-price-movement/

wow...that doesnt sound too easy to trade in dirham

aiyoyo...if that is the case, i would say using fiat would be much easier. probably we are just not "ready" to really trade in precious metal

not ready mainly is because lack of support from central government.
the fact is, central government do not want to use precious metal as that means they cannot print money as they wish anymore

wow...crazy rush for dragon is back!

seems like will go lower to test resistance at $30

i will be happy even if it hits $26

hahaha...u responded so fast. i was just about to say that

A review on Why Gold? Why Silver? Why Now? by Jonathan Quek


This post has been edited by property101: Mar 8 2012, 11:56 AM

hehe...thats not me. i just read and wrote a review of his book

ops....i didnt say anything ar....heheh

those so called "interview" are rather short. probably he done it through email response or IM chat?

haha...i do write a lot of stuff from time to time

of course i do read a lot from experts from overseas like mike maloney, david morgan, jim rogers, etc. i tried not use their ideas as if are mine. whenever possible i will give credibility to people who originally came up with the idea. personally i do feel a little annoyed when people are quoting words (or even ideas) from those experts and use them as though are theirs.

hehe, please dont generalize "local authors" and tag them with bad name la... i did write an ebook myself in silver investment niche and i'm planning to write more. so i also call myself a "local author" for those who have read my ebook title Practical Guide for Investing Silver in Malaysia, i'm sure you would agree that there are very little cut and paste content. in fact, almost 80-90% of the content are localized information or analysis done by myself.

haha...i like that. but seriously?

if talking strictly about risk and benefit from selling a book, honestly, i dont think it worth it.
obviously the person who earn the most is the publisher and is not the author. assuming that one book could earn rm10 royalty (i dont know for sure, i'm just plugging this number from the air), the book need to be sold at least 10 copies before it could break even with Pencuri steal just 1 oz of silver. what if the Pencuri come in and sapu the whole house. easily 100oz of silver. it take 1000 copies to merely breakeven. oh the way, how about the damage made to the house, family member safety, etc...walao...really not worth it.

but as a trader, i duno whether worth the risk or not lo...havent been selling aggressively.

This post has been edited by property101: Mar 9 2012, 07:18 PM

for small amount of silver (anything below 50oz i would say is small), if want to liquidate easily, i can see so far the market is rather limited to SLS. unless you have a different offline network, then that might be a different story.

however i believe the day when all jeweler stores will buy silver from retail buyers would come, the question is when

This post has been edited by property101: Mar 10 2012, 10:55 PM

jeenhao, silver spot price is merely a measurement for the value of the precious metal in terms of USD. it purely base on content value without concerning what form of silver is it in.

when a person buy an American Silver Eagle coin (commonly known as ASE in the market), it is fair that being sold at RM130. but why? since RM110 is the spot price?

the difference here of additional RM20 is being used for:
1. mintage of the coin into the particular design - no one is going to mint it for free. somebody has to pay for the mintage fee. this also closely related to premium. some legal tender coins carry higher premium compared to privately minted round and bar. some numismatic coin would carry very high premium as high as RM 500 / oz (example is older panda coin)
2. delivery from overseas to malaysia - somebody has to pay for the delivery charge
3. the distributor profit - the seller is obviously not ordering the product from overseas and distribute the coins to local market for fun. the seller is marking it up for a marginal profit for taking care of the product from overseas until to your hand.

hope these explain

This post has been edited by property101: Mar 10 2012, 11:50 PM