When come the time you thnk is the most ideal time to sell all your stock, how do you know is the highest price? Nobody knows, similar to buying time. You sell 50% of your stock in hand. When the price drop, and you have a change of miind and giving you a 2nd chance to invest further, and now with profit in hand from your earlier 50% sales , you can buy more silver with the same amount of money. If after you sold your 50% stcok, the price go up, you can sell at a higher price, and your final proceed will be much higher, and you still can continue to feel good as you continue to have 100% then 50% then 25% then 12.5% and 6.25% of the maximum inventory and you won't get totally disappointed when you exit too early. This way you will not be trap by waiting too long for the ultimate price of your dream that may never materialised.

Quite similar with how Unit Trust Fund Managers exiting a certain stocks when they hit their initial target share price.

That's profound and deep thoughts...

It's like GAIA, where the earth is trying to heal itself from pest and virus. And we happen to be the virus. So when the world starts to behave sickly like more earth quake and extreme weather, it is just killing off the unwanted inhabitant and some other creature will take over us, like we take over dinosaur from pre-historic times.

Everything balances it self, and the world is forever "work in progress".

Anyway, learn from history is important, learning the right thing from history is even more so. But everyone's views is different, what our teacher teaches to a class of 40 student is general, how each of them learn and what they learn is really up to themselves.

Sorry, getting a little long winded

Anyway, Gold price quite a major correction compared to the normal USD 20 - 50 price movement. Silver is following around but not by much, so it show's it's fundamentally strong.

chef

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Added on December 12, 2011, 6:42 pm
Hi Kei18kun,

You are graduating very fast!! usually people buy bars and rounds and it takes a while for them to move to coins and those with premiums. I think maybe you're a collector by heart. But don't get over excited and over buy with "non spare cash" as you will be very affected by the spot price movement daily.

Wolf is usually Above RM 200, anyone offer lower GRAB!! grizzly err, not sure, I do have a few I would keep, not selling though. But you should keep the whole series, which include cougar also.

chef

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.

Good, start by buying a Hybrid Car to save fuel and minimize polution. Target monthly reduction of electricity, as it is possible as my monthly electricity bill had dropped from RM2,500/month to RM800/month.

I had said it earlier, to prepare for GoldChan worries, go for the following assets in decending order.
1) Land to plant food.
2) Silver/Gold
3) Non US Stocks on Utilities, Energy and Commodities.
4) Swiss Franc
5) ??

Today I learned 2 new things in LSGG/Silver Thread here..

1. Land for palm oil/durian
2. Peak Oil

Thank you.. I think I am more enjoying the learning here compare with my uni's engineering subjects LOL.

No local battery life history, but based on USA's Toyota Prius history since 1997, the typical battery life is about 10years. The Toyota/Lexus Hybrid's battery cost is about RM10,000,  meaning estimated battery cost is about RM1,000/year, or RM83/month. We have a BWM 318 and Mitisubishi Grandis family cars, and the saving of RM800/month is when we add another Lexus CT200h Hybrid car, and the total family's petrol bill drop from RM2,000/month to R1,200/month.

If based on my company car before retirement, Mercedes S300, the saving should be >RM2,000/month, and of course it will be a David and Goliath comparison, similar to people trying to compare fuel comsumption between a 1800cc car and 660cc car.

I hope that answer your queries regarding hybrid car, whcih is only a stop gap technology, as the world is moving to PHEV, Plug-in Hybrid Electric Vehicle, and mass production expected the next 2 to 5 years when the charging stations infrastructure are ready country by country.

according to many studies, use old small car is the best, the amount of energy needed to build a car will required a car to run for 100,000 miles b4 the energy investment is returned.
Hybrid car is net energy loss if you calculate the whole life-cycle of it unless U can get 250K km out of it.

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Added on December 15, 2011, 8:40 amwell for a start U can dig a well (10cm wide) if U have a landed property such as corner house or banglo.
investment RM5k. manual pump water supply.
the rest of the things I wish is it so simply.
in the end it's about people U deal with and those whom stay nearby u.

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Added on December 15, 2011, 8:42 amland for palm oil and durian is just for lazy investor.

Bear in mind that more than 90% of electricity in Malaysia is generated from carbon fuel. So, it is about how much energy are we using that matters. As for the type of energy, hope the scientists can rapidly improve the technology of various renewable energy generation, to make them more economical, requiring less energy to build, and operating at high efficiency.  And hope their work will not be stopped or hijacked by the oil giants.

Anyone here is a chinese panda collector? I plan on starting Please PM me if you are

GoldChan,
What I talked about is we can do our part to protect the earth to consume less fuel and emitting less polution by using Hybrid car, and using less electricity by cutting unnecessary usage. What you are talking about is the energy comsumption preceding the production of goods. In that case, you should just settle down in an island and live the life of Robinson Cruzoe, all using natural and non-polluting resources. Too far backward iteration, beyond many people's comtemplation. Carbon credit and carbon debt will be in the back burner for many years to come given the developed countries currently engulfed in their respective economic crisis, and it will continue to be NATO (No Action Talk Only).

Never regret, life is a journey and not a destination. Mistakes or missed opportunities are lessons, if learned well, will propel you to your dream ideals. Your competitors are your best teachers, as they will point out your weaknesses most willingly.

The acronym for BMW is Boos Money and Women, boos referring to liquor drink. In BMW, there are 1 series, 3 series, 5 series , 6 series, and 7 series for sedan. For SUV they have X1, X3, X5 and X6, and BMW intend to launch X7 in 2014. I wondered how on earth someone had driven a BMW X7 when it is not even in production yet? Amazing sometime people talk ?, when they are supposed to have intellectual discourse.

goes to usd 5 too fast ... no one wants to sell,

goes to usd 150 too fast... no one wants to buy
unless is slowly and gradually, thats another story...

Hi all sifu and senior investor,

Merry Christmas to all member here. I'm a newbie in gold & silver investment field, hope to gain more knowledge from your guy here. 

Hi GoldChan & Merlip,

Knowing your guy operate on line business for silver, if bought from your did issue a receipt upon sale? 

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Added on December 25, 2011, 6:45 pmFor my understanding the ratio nowadays higher than 15:1 is silver have being manipulated by JP Morgan through CME group, they afraid silver prices increase tend to create hyperinflation which will collapse the current world monetary system "Dollar standard".

More about the manipulated refer to below link :

http://www.youtube.com/watch?v=ZEMlAr51FdY...player_embedded

Quote:
"In 1792, the gold/silver ratio was fixed by law in the United States at 1:15"

time has passed so many years, discovery for silver usage is getting more and more but silver is getting less and less. funny thing is gold silver ratio getting wider and wider

A quick update for Apmex shoppers, they have included Malaysia and Singapore in their address portion of the account, so update your account details and the amount you see on their website as you checkout will be the actual/final amount you pay. There are no other associated charges other than your RM25 bank charge to wire them across. If in doubt, chat with their sales or just email them.

If i am a seller, i can always say, GUARANTEE BUY BACK (GBB) at such and such rate. If i want to be a "more attractive" seller, i can also guarantee a good buy back rate. As long as, i, the seller still believe that the silver price will move higher and has deep pocket, then I dont mind the GBB as it is almost a sure win.

Now, lets say silver suddenly rises to USD100/oz in a sharp trending fashion, do you think most seller with GBB will honour their claims (bearing in mind steep rise could result in steep fall, like what happened in March 2011)? If seller dont, then what is your next action? Sue them? Most of the local seller out there are sole proprietor.

What is am saying is GBB is just a sweetener with very little substance. So, buyer beware!

Property 101, this is just my thought on GBB.

lets say there r 3 person : My supplier/stockist, Me, & my customer.

as long as the supplier / wholesaler offer a buy-back service for all my stocks, i can forever tell my customer tat i provide Buy-back services agree?

Example: Supplier offer buyback at 5% below spot price, i can offer a buy back of 7% below spot to my customers. Whenever customer sell back my items to me, i juz have to sell back to supplier. 

nice one chris! your view has some similarity with what i'm talking about in the my ebook.

only big boy like 1stopgold have the ability to do this. even mysmartgold has some flaw in their guarantee buy back plan. not to mention the other little ciku like you pointed out as they are just sole proprietors. i'll be sharing this more in-depth in the book. stay tuned

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Added on February 1, 2012, 12:58 am
theoretically this sounds logical and should work...what could be the potential problem here?

one scenario i could right now think of is - there is a big appetite buyer who has bought large amount from you for period of time, during a price spike, he "sell back" large quantity to you. if the price spike really high in a short amount of time, many other buyers also want to sell back to you. the amount is so big that even ur supplier is not dared to take back. so how now? possible?

anymore?

Well, I see a few potential problems and scenario.

1) Your stockist/supplier Tell you they had decided to stop buy back because of the slump or market condition (or some other lame excuse) Are you going to turn around and tell that to your customer too? You loose faith in your supplier, but your customer loose faith in you.

2) At extreme condition, the supplier/stockist increase their spread to very very wide, so that sell back to them will not be feasible. Are you going to do the same? It's easy to pass on the problem from top to bottom like boss scold manager, manager scold engineer, engineer scold technician. But this is not my style.

3) buy back from supplier may have condition, like 1stopgold, they need to see the goods on site before accepting the goods. imagine you collected and paid off your customer, bring to the supplier and they say "half of them are fake" or "they are in bad condition, accepted with 50% off", "minimum buy back qty is 100oz" etc... then it becomes your problem to solve these issue.

4) Your supplier is overseas, and there is a clause not allowing precious metal to be shipped out by courier, and it will kill off any profit or buffer you have against these. And when the goods arrived at supplier's end, spot price went even lower within the last 3 days, or the supplier say the silver bars does not belongs to them. etc etc...

Sorry for the long reply, I'm a system integrator, so I see problems and scenario which may happen only 1% of the time, but still, it is these minor problem that will make or break a company's reputation.

There are more I think, just don't have time to think it thru yet, I'm sure goldchan has more to share.

chef

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

Anyone from Kelantan? I want to ask if Kalantan people are using Dinar and Dirham in daily transactions?

Thanks bro...     

When you localise the content, property101, it has originality despite some content quotes from other authors. That happens in most text you find today.

What I don't appreciate is, like you said, when someone (local authors) claim others contents and ideas as their own. I think they should be sued by the original authors for plagiarism.

My question is - why didn't these local authors create something BEFORE Maloney, Morgan, Rogers etc.?? Why now? to quote the title [pun intended]

Hmm... in that case, whomever reads this thread and the Gold thread can pretty much write a book and make some passive income.

It's sad that we don't really have any original or fresh perspectives on this topic. That's why we're not being viewed as creators.

Here's one to chew on:

We all know that central banks are printing paper the world over.

Can we prove it here in our beloved country?

If someone can show really strong statistics (dating back to the first inception) to prove it here, then he/she/they can claim some bragging rights with his/her/their book.

Our central bank head was recently interviewed on BFM Radio (check podcast on website) and she's certainly better than Bank Bernanke, though there were some dubious statements made during the interview of which I thought the interviewer was too respectful to do a body slam (and BFM had even bragged about their journalists being hard hitting - not so with this interview).

So howsabout it - prophetjul, cherroy, goldchan, property101, other experts (some lurking) on this forum?

Can we pull it off?

Rgds

The local authors are cashing in on the public domain information gleaned from other books.

Is there anything really new about this?

Hi,

I suggest that you don't go into junk silver, not many people buy them now and there are advice from expert not to touch junk silver. Forgot where I read it, I think it's mike himself who mentioned it. 90% silver is like 925 sterling silver, whoever is investing or buying pure silver will most likely not venture into those anytime soon. Small silver beads which is 99.9% pure maybe...

chef

i wont call it investment, just insurance or wealth preservation
ya, I am using silver bars for that purpose.
Also get those 100g or 1oz ones.

Small quantity makes it easier to sell (either to dealer, or to end user)

[attachmentid=2731713] vs [attachmentid=2731716]

If you are holding only a 1kg bar, you won't know when to sell.
When the price is high, 1kg bar will be too expensive for 'normal people' to buy.
Less potential buyers= less demand = lower price

The 90% of silver content is still changes proportional with the changing silver price no?

But thinking about it again when we are measuring the liquidity aka converting it to fiat, that can be a potential problem.

I was asking because I went to my local coin store last Friday and noticed that the affordable price that they have on junk silver. That is why I am asking if anyone here have experience doing it. Appreciate all the replies, thank you!