yaaaa..... dragonsssss.....

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Added on November 5, 2011, 1:37 ammid november is coming soon...

http://bullionmoney.com.au/products/1-oz-P...Silver-Bar.html

This post has been edited by bigwolf: Nov 5 2011, 01:37 AM

Silver bars should not be taxed. So I hope kastam wont get idiotic & start taxing

@8181
If there are enough ppl wanna do group buy I can arrange another round. Last I checked bullion money is limited to 300pcs only now

Sorry chef, gotta disagree a bit with you there. The way I look at it, as there is no control and regulation for silver market in Malaysia, thus anybody can buy and anybody can sell, and therein lies the problem.

What we're seeing here is a free & unrestricted market. Hey, don't get me wrong, I'm all for cooperation. But as the silver market is unrestricted & unregulated, there will always be people wanting a piece of the profit. Unlike, say for example, a furniture shop where you need huge capital outlay (stock, shop, promotion, staff, etc), silver trading can be just as simple as buy 1 silver bar today and sell it the next day for some profit. No overhead costs, no storage costs or any of the fixed costs of running a conventional business.

And I don't its possible to specialize in certain brands either, coz anyone can buy any brands of bars if they want to; unless you are the sole authorized distributor of Sunshine bars and I am the sole authorized distributor of Kitco bars, etc. Even then, can we control who can sell? The buyer who bought 2 bars today can sell the same 2 bars tomorrow if the price is right. As it is now, there are no restrictions on what price can be set or who can sell what silver. Unless it is regulated as such that it is illegal to sell a particular brand of silver if one is not the authorized dealer. But if thats the case, then I believe demand for that brand of silver would die there and then. Why buy something that can't be resold?

Although I do not favour the idea of hogging the whole pie to oneself, it's unavoidable if someone orders a huge stock and dumps it for quick money. I've already noticed there are players in sls who brought in 500 bars and dump at RM119 when 'standard' price there was around RM128 - RM120.

How to control this? Try as I might, I couldn't think its possible coz thing is, silver is silver. Seller A's Sunshine bar is no different than seller B's Sunshine bar. Same for Kitco, or ASE, or Dragons, etc. The person who bought at lower price can always afford to sell at lower price than the guy who bought at higher price and still earn profit.

It is great if we can create awareness and thus, demand (I believe silver awareness in Malaysia is still at the infancy stage. As such, Malaysia is still a vast untapped market) but I wont be surprised if sometime in the very near future, as silver awareness increases and hence bigger demand, there will be big players who are able to bring in thousands of bars and sell at RM1.00 net profit (or dare I say, even lower? )

In conclusion, as the market expands and new buyers/players comes in, the one who can package the best price/promotion will be able to sell better than the other who can't. I don't think this can be avoided even if we want to. Even gold, with its own association of gold dealers cannot control who can buy or sell what gold at what price (Gold Lot Shop anyone?). Then again, I don't think its possible to see a monopoly in the silver market either. If we look at this free & unrestricted market the OTHER way round, someone will always be able to sell at a better price. That guy who bought 1 bar at RM100 last year can sell profitably today at RM110 which is still cheaper than RM119 currently being dumped, no? And I don't think everyone is buying silver looking to sell quickly for a quick buck. I don't think I'm the only one holding silver for mid to long term, no?


Ok, enough of my chatter, don't get me wrong ya, I'm not dissing you or anything ya. I'm just sharing what's been on my mind based on what I've observed so far. Its a discussion and if I'm wrong please feel free to correct me. I never claim I'm an expert, and I'm of the opinion its better to have someone show me my mistake and learn from it than not aware of it, thus keep repeating it and never learn

This post has been edited by bigwolf: Nov 7 2011, 12:26 AM

Would be great if this eco-system can be established. I'd like to have a slice of it, a thin slice oso happy already

But yeah, it also depends on market players whether everybody is being cooperative or not.

Edit:

1 marked difference between silver & PC market is that in the PC market, you can't hold the stocks as depreciation is a huge factor. The longer you hold, the faster you die. The rig I bought last year for RM2.5k is only worth about RM1k+ today with the same specs. But with silver you can hold and wait (if you have the capital to spare la ). Heck, with numismatics, the longer you hold, the more valuable it becomes. I'm pretty sure the 1oz perth dragons would be worth much more than RM300 12 years from now

This post has been edited by bigwolf: Nov 7 2011, 09:58 AM

Will you be bringing the 9 dragons set?

wow, silver & gold really got punished tonite

what coins, dragons? me thinks they've overloaded the market oledi

Too bad dun have this for bulk buying, otherwise sure super hit for the chinese

not much details? check this out bro:

http://straightsilver.com/store/index.php?...uct_detail&p=13

the details are so good i can see the individual teeth & curls in the fu-dog, n the "pat gua" are really raised

damn, rm180 bloody cheap ler

i just got another round few days ago for rm190 + rm10 postage. depends on where u look for them ooo. soon i'll have 2 doggies to guard the house, just like those ancient imperial emperors

the dragons are guarding my sdb

Tell me where you live and I can give you some ideas

This post has been edited by bigwolf: Nov 25 2011, 11:43 PM

i was hoping you'd give me an address or something but marcus just blew it

if spot price maintains above USD33 for the rest of the year, we'll see if still got ppl selling for RM118 or not. Now they simply dump coz bought at spot USD29, USD30, etc, so they think they make profit but when need to order new stock, THEN they know

yup, i've seen the square 1sen coins before when I was a teeny lil kid. too bad can't find them anymore wonder if they have any numismatic value or not?

damn... 1KG Silver Proof Ox

If u want, can come join us tomorrow 2pm

just tt session only la

Gilded Dragon or grilled dragon? Why so bad one wanna grill the poor dragon XD

check your pm