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 Silver as investment V2, Don't cry, buy now.

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property101
post Oct 31 2011, 09:20 PM

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Received some coins from Chef! Nice transaction with him. Businessman who honour his words. Didn't take opportunity to jack up the price even if he can do so. Recommended seller.

Just a quick update, the current listing in the website are:
9 listing for sales
10 listing for wish item

note that some listings contain more than 1 item for sales

again, the pages are:
Buy List - Enter a comment to indicate what you want to buy.
Sell List - Enter a comment to indicate what you want to sell.
property101
post Nov 1 2011, 09:49 AM

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QUOTE(basSist @ Nov 1 2011, 12:12 AM)
you bought what from chef?~
*
few american silver eagle coins wink.gif
property101
post Nov 4 2011, 12:23 AM

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hi guys! i have added a new post regarding silver price in malaysia in my website, feel free to check it out. just learning how to write blog, feel free to give me feedback if i can improve it.
here is it: Silver Price in Malaysia

This post has been edited by property101: Nov 4 2011, 12:24 AM
property101
post Nov 4 2011, 07:39 PM

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Updated several listing in my websites. Please feel free to check them out

the pages are:
Buy List - Enter a comment to indicate what you want to buy.
Sell List - Enter a comment to indicate what you want to sell.
property101
post Nov 6 2011, 04:54 PM

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i have a friend who is a gold and silver manufacturer in Malaysia. he has several other businesses but he is now going more aggressive in silver manufacturing. i was having a conversation with him this morning and we talked about custom mintage of silver. there are 2 way of working together:
1. we provide silver for him and he will mint it for us according to our design. he will only charge on the workmanship.
2. we buy silver from him (according to floating price) and he mint it for us. which he will charge us both for silver and workmanship.

the cost for him to produce a minting mold is RM1500, therefore he would have to cater the cost into workmanship.

the price is really up for negotiation depending on the design, quantity and size. especially quantity. i roughly asked him how much would it cost for a 1 oz American Silver Eagle like design, he replied the workmanship would probably cost RM7 / coin.

i'm wondering if there is any interest for custom design mintage from us?
please drop me a PM if anyone is keen with the idea of custom mintage, probably we can have some fun ourselves tongue.gif

side note: we also talked about some of the silver sellers buy back policy in the market. although a lot of seller do offer buy back, when it comes to really bringing the silver back to the sellers, the sellers are making a lot of excuses. my friend is working something with a hong kong party for the buy back policy. so if we are getting silver from him, can safely assume that he would honour the policy.
property101
post Nov 6 2011, 09:31 PM

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QUOTE(mingophoria @ Nov 6 2011, 05:37 PM)
er.. meaning we can make whatever oversea bullion coin design in Malaysia?? all we need to do is supply the raw material n pay for the labour cost ?
*
literally speaking, we can. but i believe it is not as simple as this. will probably have copy right or trade mark issue. anyway, let me check this with my friend.


Added on November 6, 2011, 9:32 pm
QUOTE(taurusbull @ Nov 6 2011, 06:20 PM)
Consider the following, and imagine the fungability of silver in time of global financial distress
1) Acceptance in Malaysia ----------------->Ringgit Malaysia ---------------> Malaysian Mint silver bullion
2) Acceptance in All Islamic Countries ---> Dirham currency-------------> Dirham silver coin
3) Acceptance Globally --------------------> USD or Swiss Franc -----------> International Mint silver bullion

I will go for No.3 silver, unless No.1 is >15% cheaper. We know as explained earlier that No.2 is the most expensive.

Imagine?
*
yup, make sense. let me check with my friend how competitive his price can be.

This post has been edited by property101: Nov 6 2011, 09:32 PM
property101
post Nov 7 2011, 01:05 AM

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SilverKini is selling:
1 dirham - rm25
5 dirham - rm125
10 dirham - rm250


i talked to my silver manufacturer friend, he has previously minted dirham for kelantan government and kedah government. therefore there is no cost for the mold. i have worked out a price with him that can provide:
1 dirham - rm20 (20% off)
5 dirham - rm98 (21.6% off)
10 dirham - rm195 (22% off)


is there any buyer interested?

my friend not only has minted dirham for kelantan government and kedah government but also local jewelry shop and shipped his silver to overseas (US and Australia). if anyone interested to get dirham with above price, please drop me a PM. if anyone would like to distribute dirham, i'm sure we can work out a even lower price.

do let me know what u guys think!

This post has been edited by property101: Nov 7 2011, 01:19 AM
property101
post Nov 7 2011, 08:10 AM

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QUOTE(dreign @ Nov 7 2011, 03:43 AM)
Intresting. is it legal to mint kelantan dirham. i belived your friend does not hold the rights of kelantan dirham.

just like books. the publisher hold the rights, not the printer.
*
i suspect so. just like he cant simple mint american silver eagle or those limited dragon coins. i raised this legality and right issue to him, his response was the legality and right issue is for us to find out, he is able to mint any design. i'm thinking if thats the case when the authority do come and say "hey u guys are committing a crime here" i wonder who fault is it, whether the printer or the distributor, or both. i believe the answer is both where the printer will get heavier penalty than the distributor. anyone has any idea how can i verify this legality and right issue?

This post has been edited by property101: Nov 7 2011, 08:14 AM
property101
post Nov 7 2011, 02:29 PM

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taurusbull, but for a "retired corporate man with 43 years of trading experience", u r using the forum really well biggrin.gif

do u mind PM me your name? i would like to put the tax info you shared into my website, credit to you of course smile.gif
property101
post Nov 7 2011, 08:24 PM

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QUOTE(taurusbull @ Nov 7 2011, 04:35 PM)
Credit the info (tax and advantages/disadvantages of physical silver) provided by Taurus Bull to Allied Communities Sdn Bhd. Please add the disadvantages of Numismatic Coin to inculde 10% sales tax and 5% import tax. You are free to use all my postings in Low Yat Forum and LY FB under Taurus Bull. One important information for silver investor is the convertion table to troy ounce retail price guide for silver, as many people may not be aware what actually they are paying in RM/Troy Ounce. Let investor beware!

Yes, taurusbull will be a silver dealer under Allied Communities Sdn Bhd in the coming weeks.
*
great! i have updated my site. appreciate your info sharing
property101
post Nov 7 2011, 11:48 PM

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conclusion is price will be more competitive. question is...is that a good thing or bad thing?
property101
post Nov 8 2011, 12:24 AM

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QUOTE(chef @ Nov 8 2011, 12:18 AM)
Ha ha, I wish!!

I am leaving for china thursday, so I have not get my hands on the goods or even know where to buy exactly. So I got to go there and search. Since I'm not getting any help here or direction.

Anyway, will update you guys if that area I'm going have.

chef
*
haha...bring back some dragons and make us proud tongue.gif
property101
post Nov 8 2011, 09:56 PM

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QUOTE(getsmart @ Nov 8 2011, 09:34 PM)
If there is a website for all dealer to publish how much stock they have or is arriving, that would help other dealers to avoid bringing in the same stock. Or they may decide not to import anymore stock as they see the market is saturated already.
*
I can sponsor my website for this purpose. If anyone would like to do the stock arrival listing, please send me PM. You can have a look at my website: Silver in Malaysia Website

By the way, my website sell list has grown from 1 item until 2 pages long now, thanks for all the support. notworthy.gif
Please have a look at the following pages for the sell list and wish list:
Buy List - Enter a comment to indicate what you want to buy.
Sell List - Enter a comment to indicate what you want to sell.

This post has been edited by property101: Nov 8 2011, 10:11 PM
property101
post Nov 9 2011, 12:20 AM

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As suggested, I have created a page for arriving stock, please visit the following link for 1st batch of arriving stock listed by Chef:
Arrival Silver Stock

If you have ordered silver stocks to be distributed in Malaysia, feel free to drop me a comment in the website or PM me here, I will list your stocks on the page. Thank you.

This post has been edited by property101: Nov 9 2011, 12:29 AM
property101
post Nov 10 2011, 12:30 PM

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i have added almost 10 new silvers for sales listings in the my website:
Silver In Malaysia

Please feel free to check them out and do remember to view them beyond first page. By default there are only 10 listing on a page, you can either click on the > button for next 10 results or select more than 10 result on top of the table.

Happy buying!

*if anyone would like to list their wish item or sale item, please feel free to drop a comment in my website, i will list them - for free of course biggrin.gif

This post has been edited by property101: Nov 10 2011, 12:34 PM
property101
post Nov 10 2011, 01:26 PM

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QUOTE(potenza10 @ Nov 10 2011, 12:56 PM)
where to see pic of 1oz raw silver 999 (Grade A) ? sorry, newbie in silver here.
*
for now the website is not able to host the picture, you may have to contact the seller for the picture
property101
post Nov 10 2011, 08:01 PM

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QUOTE(Jutawan @ Nov 10 2011, 04:11 PM)
Good effort. Keep it going.
*
haha...thanks. just to serve the silver community, cheers smile.gif
property101
post Nov 10 2011, 08:43 PM

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QUOTE(chef @ Nov 10 2011, 08:05 PM)
Hey property101, can you update the sell list for me? 1 set of 9 colored dragon for RM 5,800 delivered by hand to their door step.
*
added the item for you bro!
for the pass one week, there has been more than 1100+ visit to my website, wish soon enough there will be people to contact you to buy the 9 dragon set.

and thank you everyone for supporting my website. i will keep it up bringing great content and good value to the silver community

notworthy.gif

This post has been edited by property101: Nov 11 2011, 12:33 AM
property101
post Nov 11 2011, 12:30 AM

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anyone else would like to change their contact to email in my website, do PM me or leave a comment in my website.

just updated the sales list, currently there are 31 listing for sales

Silver in Malaysia - Sales List
property101
post Nov 12 2011, 12:48 AM

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thanks bassist for showing my link in your signature tongue.gif

the sales list has just grown longer with the new listings, please do check out the new items at Silver In Malaysia

since the lists is getting quiet long, i got a feedback from Chef that i should probably clean up those listings that are out dated. i think i will keep a listing max up to 30 items. the 31st item onward has been in the list long enough and probably the item is already sold, just seller didnt inform me to remove it. what u guys think?

is there any other feedback related to the silver website?

This post has been edited by property101: Nov 12 2011, 12:55 AM

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