You can read my blog on this: Silver Bullion Investor vs Silver Collector

For a start, RM700 should buy you a few bars and coins. Mix it up and buy 1-2 bars, 1-2 coins to get the touch & feel of it!

Another note, try not to mix up the term. Rounds refer to silver bullion in round-shape, without any legal tender. Eg the buffalo, scottssale 1/2 round and scottssale omnia round. Coins refer to silver bullion with legal tender, eg. Maples, Eagles and Pandas

When I first started, I bought the whole lot. From 1oz to 10oz to 1kgs, from bars to coins to everything. Thus, I run a store now. Haha

Thanks for your reply

From what I know, silver rounds are more to collector items... Btw, what do you mean by "legal tender"???

Initially I wish to buy some rounds because they look nice. Haha!

Any silver coins with a monetary value on it is silver coins with legal tender.

Example, Canadian maples has 5 dollars Canadian dollars on it. Eagles has 1 US dollar on it. Even our Kijang Emas 1oz, has RM200 on it. These are legal tender backed by the government of issue. You can legally use 1 dollar American Eagle to buy 1 can of coca cola in the street of US. The only thing is, the metal value are worth more that the figure stamped onto the coins. Nobody with a sane mind would do that

Haha I get it. So does it really matter in terms of investment?

Well, from what I can see RM700 could at least buy you around 6 silver bars with some little cash left.
Basically any low premium silver bar is accepted widely at Malaysia, such as morgan, apmex, sunshine, scottsdale.
Koala and Kooks has collector value while eagle and maple don't seem to have any collector value.
eagle and maple are just normal bullion with unlimited mintage while kooks are 500k mintage.
koala is also unlimited mintage but normally its mintage number hits lower than 500k.
My suggestion would be go for normal bars only. Coins is better to buy in tube, IMO.

There are people claimed that legal tender is easier to liquidate because it's recognized by government.

Thanks for your sharing

By the way, RM700 can get 6 bars? One bar for RM116??? But I see sellers are selling at at least RM12x o...

jee hao, in one of my previous blog posts, i talked a little about how to determine a fair market value price for silver in malaysia, maybe you will find it helpful:
http://silverinmalaysia.com/silver-price-malaysia/

enjoy reading

Thanks for the share.

Greetings everyone, im new here. Im starting interested to invest in silver after reading this thread. But 1 thing in my mind, PAMP Suisse silver bar is far expensive compare to other silver bar. It is wise to invest in PAMP Suisse silver bar? Besides, any suggestion where to buy this kind of bar? ( i mean trust able seller ) Thanks in advance.

new post on today fair silver price
now in bahasa malaysia and english
http://silverinmalaysia.com/today-fair-silver-price/

IMO, pamp suisse 1oz bar are not meant for investment, it's rather a collectors item.
Premium for the 1oz bar is too high, but its 1kg silver bar are quite affordable and the premium is quite reasonable.
Other normal bars such as scottsdale, sunshine, apmex and etc are more lower in premium.

For sellers, you can refer to page 1.

Ic. Thanks for the info. Really appreciate it.

have to disagree here

Here is my take on rare item vs high premium mass silver vs low premium mass silver silver investment

Rare Item: Numismatic coins, collector coins, limited edition coins (keyword: limited in production quantity)

High Premium: More expensive to buy per Oz. Mass produced. Internationally branded and well recognized.
Examples: Generally any 999 silver coin (America Silver Eagle, Pamp Sussie Bar)

Low Premium: Cheapest way to buy silver, mass produced with little/no artistic value
Examples: Any silver bar, any silver round (1kg bar from Public Gold)

Click to view table


This post has been edited by jayjay: Mar 19 2012, 10:56 PM

Not quite sure which statement you disagree.
Well, 1oz LF is not limited mintage, so I consider it as a high premium item.
IMO, any high premium items are for collection and not really for Ringgit to silver value.
Eg: Perth Mint 1oz Silver Lunar Dragon normal bullion (NIGHTMARE for everyone, luls)
Well, if you insist that limited mintage is for the rare items, then those examples i listed above are not high premium.

The table you listed is quite useful for the newcomers reference.
But IMO, the "Easy to find buyer" is very subjective, don't think high premium items are as easy as to be sold compared to the low premium items.
Maybe it's because you refer ASE as high premium items, therefore the statement is there.

Just FYI, ASE is not a high premium item. Check their prices at APMEX, ASE is just USD1 more expensive than low premium bars.
(Expensive or not is very subjective and I take USD1 as not so expensive.)

Cheers!

for us to buy America Silver Eagle in Malaysia = more expensive than buying normal silver rounds, normal silver bars

thats why i put ASE as 'high premium'

Yeap, because of the tax issue.
Pamp LF is around RM15X and ASE is around RM13X.
LF are high premium la.. haha

oppss, better change now

Nice sharing on the table. That table says it all!

i agree........a BAR is a BAR....no numis value

This is a NUmis......generally a numis has limited mintage....Bars generally do NOT

2012 Perth Mint High Relief Silver Dragon - 7500 numbers minted

ASE is my fav