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

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Nidz
post Oct 17 2011, 04:39 PM

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QUOTE(8181 @ Oct 17 2011, 04:37 PM)
It's not cheap, the 9 coin official release price is RMB6680, about RM3340.
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i think its priced according to the colored/gilded dragon.. rm300-350 a piece...
Nidz
post Oct 18 2011, 02:00 PM

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QUOTE(Perfect-buyer @ Oct 18 2011, 01:55 PM)
In fact, very interesting, but we need good party among everyone.

Should we create a private group for it? or a new discussion room? tongue.gif
*
we already created a fb group for lyn forumers.
https://www.facebook.com/groups/284739938217191/
Nidz
post Oct 18 2011, 02:12 PM

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QUOTE(prophetjul @ Oct 18 2011, 02:09 PM)
how do you check in here?  biggrin.gif
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first, u must have fb account.
the click the link and ask to join the group. thumbup.gif
Nidz
post Oct 19 2011, 09:57 AM

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QUOTE(shadowxe957 @ Oct 19 2011, 02:55 AM)
Hi everyone,
those who are interested in 1oz Pamp suisse silver bar, please do contact me @ 010-2697682 or email: diamond_xe@live.com

PM for price...
» Click to show Spoiler - click again to hide... «

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Dude, this is NOT the place for u to advertise ur sales.
Make ur advertisement HERE and then put it in your signature.

P/s: to others, pls keep this thread clean. pls do not advertise ur own items for sale here as it is against the forum rules. after this, i will not hesitate to report it to mod.

Nidz
post Oct 19 2011, 12:01 PM

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QUOTE(taurusbull @ Oct 19 2011, 11:32 AM)
Dear Moderator,
I am new in this forum, therefore I don't know the rules. However the following are my comments.

1) Non of us here, in fact the whole of Malaysia, are experts in silver. If we are to take long term advices, we should just Google Ted Butler, Robert Kiyosaki, Mike Maloney, Max Kaiser and even Ron Paul. We should not take long term advices from the members of this forum, because we are in fact really clueless as demonstrated by the recent bets on the price of silver in this forum, eventhough it is a prediction of less than a week.
2) No one predicted the May and September 2011 major price corrections, even old hand like GoldChan and many more experiences dealers globally. Unless you are JP Morgan and the Federal Reserve of America.
3) Silver is basicaly a commodity, therefore the amount of basic knowledge is minimal, in the form of price and delivery.
4) Indepth knowledge of Numismatics and rare bullion coins need years of experience in terms of mintage, year of production and their rarity tags with their respective prices.
5) Everybody can quote a price or prediction of price without taking responsibility for the readers who may unconsciously follow their advice.
6) The best advice in terms of price is based on the dealers who are willing to sell their inventories at their quoted price, and this information is very crucial for local silver investors as it reflects clearly the Malaysian market. The best advice is to follows someone who are willing to "put foot into their mouth" scenario, like dealers willing to sell their inventories at respective prices.
7) Why is Silver Lot Shot so popular with more than 3,000 members now? Because people who are interested in silver wanted to buy and sell, period.
8) This forum is really interesting with many Malaysian giving their respective personal commentaries, and we should continue encourage debate and allows "agree to disagree".
9) If we continue with our lively commentaries, and we include buy/sell like "Silver Lot Shop", this forum will really rock.
10) If USA Constitution can changed >50 phrases (laws) in 235 years and Malaysian Constution can changed >600 phrases (laws) in only 54 years, we should be able to change the rules for the betterment of this forum.

I rest my case for the moderator to ponder.

Cheer!
Taurusbull
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Hi taurusbull.

1) I am not a moderator. Just a fellow forumer. cool2.gif
2) Forum rules are here, please spend some time to read it. thumbup.gif
3) I believe that this forum is already 'rock' enough. My concern is when people start posting advertisements to sell, the thread will become overwhelmed and at that time, the mods will surely interfere.
4) That's why it is better to prevent it from the beginning before it becomes worse.
5) However, we can still discuss about how and where to get cheap silver supply in this thread. Now, spikyz is arranging for our first bulk buying and it gets good response from forumers too.
6) You guys can still promote and sell your items, but pls do it in your signature. Look for chef and bassist's signatures. it shows a good example on how u can advertise ur items for sale.

These are strictly my opinions. Feel free to agree or disagree. notworthy.gif
Nidz
post Oct 19 2011, 02:12 PM

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QUOTE(marcusboy @ Oct 19 2011, 01:18 PM)
Nolah, no lubang. Am still finding the Perth Mint guy to ask him whether can buy or not and how much etc.

Am wondering if the 4 piece rectangle dragon worth investing or not. Guess if can get the 9 coloured dragons will get those - better investment, I think although not proof. What you think?
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im gonna try to get the 4 rectangular dragon set next month. personal collection. icon_rolleyes.gif
Nidz
post Oct 19 2011, 10:31 PM

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QUOTE(beast_doadore @ Oct 19 2011, 10:06 PM)
I've seem mostly people talking about how they buy....anyone would like to share the experience on "how to store" and "how to sell"?
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storage:
-goldchan discussed about safe deposit box by private company in his blog.
-some of us just store it in our house because of the collection is still small.
-best condition to store ur silver: in a wooden box (woods absorb moistures) or even a dry box
-safety and security wise; its not safe and secure to store in house. but, for some ppl there are no choice. sweat.gif

sell:
-to friends and relative who just started invest/collect silver
-online (website, blog, forums, facebook groups, mudah.my etc etc)
-to companies which offer buyback policy if u buy from them.
Nidz
post Oct 20 2011, 09:52 AM

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QUOTE(property101 @ Oct 20 2011, 09:33 AM)
thanks for the feedback, currently there is only 1 seller (shadowxe957) has put up a sales. do feel free to submit your sales / wish item at the bottom of the page! it's FREE to list your sales and put a wish item, lets get this rolling!

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.
the pages are protected by a simple password: lowyatsilver
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for the buy list, i can only leave reply there. how to update the list?
Nidz
post Oct 20 2011, 10:13 AM

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QUOTE(gogo2 @ Oct 20 2011, 10:05 AM)
I just wonder why Pamp suisse so expensive? No investor will buy at this point if the price so expensive. I think better buy 1oz coin which is RM115 only right?  hmm.gif
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pamp suisse is like a branded silver. its sealed, assayed and comes with certificate number.
when the spot price is around usd40/oz, the pamp bar is priced at rm200 while normal coins are at rm160...
even though the spot price dropped, pamp suisse bars maintained their premium. notworthy.gif
Nidz
post Oct 23 2011, 05:54 PM

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QUOTE(Jutawan @ Oct 23 2011, 02:44 PM)
Anybody here no interest in 'Dirham Kelantan'. Mcuh cheaper, safer right?
Why majority of you focusing to outside silver?
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dirham kelantan is much cheaper? really? how much is it per oz?
in what term it is safer than overseas silver?
pls clarify. notworthy.gif
Nidz
post Oct 23 2011, 07:33 PM

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QUOTE(taurusbull @ Oct 23 2011, 07:14 PM)
From www.dinarkel.com website:

According to Islamic Law...

The Islamic Dinar is a specific weight of 22k gold (917.) equivalent to 4.25 grams.

The Islamic Dirham is a specific weight of pure silver equivalent to 3.0 grams.

Umar Ibn al-Khattab established the known standard relationship between them based on their weights: "7 dinars must be equivalent to 10 dirhams."


From : Nubex.com.my
Kelantan 10 Dirham=29.75gm silver = RM250


Jutawan, here is your answer.

29.75 gm = RM250
1 ounce = 31.1035gm

Therefore buying Dirham 1 oz silver = RM261.37

From SLS, single 1oz bar, the most expensive 1 oz bar is RM140, and the lowest price 1 oz bar is RM130.

Meaning buying Dirham silver you must pay 100% premium over International Mint silver. People knows their Mathematics lah.

That is the reason, Lowyat Silver Group Member is smart to buy only 1 oz international mint silver bar, and not Dirham.
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yes u are correct. thumbup.gif
we've discussed this during the meet yesterday.
Dirham kelantan's premium is quite expensive and it does not have any numismatic value like lunar dragon and the likes.
that's why we buy internationally recognised bars/coins with the lowest premium possible.
why pay more, buy at whole sale price. sweat.gif
Nidz
post Oct 23 2011, 11:13 PM

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QUOTE(smokymcpot @ Oct 23 2011, 10:03 PM)
Dirham not really for investment, more for using to buy stuff cause 1 Dirham is rm25. So yeah. They update the price every year I think. So buy on the month of December so next year hopefully can gain some profit. tongue.gif
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again, why pay using dirham if u can just pay using rm? hmm.gif
for dirham to be used as a currency, we cannot compare or back dirham using rm. dirham must be used independently and on its own.
current situation is that seller who accepts dirham still advertise their product on rm.
if we want to pay using dirham, the seller will calculate how much the product in dirham using rm25 as 'conversion rate'.

for me, my goals in silver investment is to gain profit on the capital gains when the spot price increases.
so, i buy bullions with the lowest premium possible. notworthy.gif

for bolded part;
if dirham is not really for investment, then why hope for profit next year?
its better to buy cheap bars now and hope for more profit next year. thumbup.gif

my 2oz worth of opinions sweat.gif
Nidz
post Oct 24 2011, 09:09 AM

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QUOTE(prophetjul @ Oct 24 2011, 08:21 AM)
Just bought a set for 899 euros!      biggrin.gif
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wow! rm500 for one of coin?
Nidz
post Oct 24 2011, 01:14 PM

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QUOTE(marcusboy @ Oct 24 2011, 10:18 AM)
I think it is worth it. Such limited mintage. I saw they selling it on ebay already over USD2000.  Prophetjul, mind to share how you bought it? Any links etc?
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for a nimismatic coin collector like prophetjul, it must be really worth it. but for me, it is way to expensive.
i also like to collect some numis coins, but this one is out of my budget liao. doh.gif
Nidz
post Oct 24 2011, 02:57 PM

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QUOTE(prophetjul @ Oct 24 2011, 02:52 PM)
Its POISON-ous!  And Bl**dy addictive!
My wife thinks i am mad!
Maybe i AM@!  drool.gif
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lol
dont forget to share the close up pics with us once u got it. brows.gif
Nidz
post Oct 25 2011, 12:58 PM

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QUOTE(Bill_muar @ Oct 25 2011, 12:42 PM)
I'm new here - Just registered - I can't seem to get into the Trade Zone.
I'm a private (not business) wanting to offload some silver coins at spot
(about RM 100/oz I think) without premium  (i.e. at NO profit) -
How do I:
a) Get into Trade Zone?
b) Is the Trade Zone free or is there a cost?
I'm lost. Thanks for help.
B.


Added on October 25, 2011, 12:44 pmaaaargh - I seem to be just going around in circles here!
I haven't worked out if I've posted or not!
*
u can try post it here:
https://forum.lowyat.net/index.php?act=Post&CODE=00&f=215
Nidz
post Oct 25 2011, 04:50 PM

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QUOTE(taurusbull @ Oct 25 2011, 04:26 PM)
Dear Silverian,
I am happy to attach the Quantitative Silver Investment Table Guide extracted from multiple dealers from the Web on 25th.October.2011. The main aim to allow reader to know how much they are paying in RM/Troy Oz for pure silver in the various form factors and weighing standards. Happy easy pure silver hunting.
[attachmentid=2502979]
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wow!
nice compilation there. gud job to taurusbull notworthy.gif


Nidz
post Oct 26 2011, 09:25 PM

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QUOTE(basSist @ Oct 26 2011, 07:59 PM)
Lunar tiger is very pretty. almost Rm 400 for 1Oz silver bullion.
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Really? I bought for around rm330 from ebay. Oh ya, it wasn't taxed... Huh, lucky me i guess cool2.gif
Nidz
post Oct 27 2011, 09:45 AM

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Just got an email from perth mint regarding my colored and gilded dragons.
It was depatched using aust post, not fedex.
Damn, does this means i have to go personally to the customs and pay tax?
If fedex, they can pay first and i'll pay them upon delivery...
Nidz
post Oct 28 2011, 08:51 AM

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QUOTE(chef @ Oct 28 2011, 01:04 AM)
Wow, now it's USD 35.00 and climbing.

I think the damn westerner is trying to catch us sleeping again. now driving the price up while we asian sleeping...

Everyone wake up and catch the tide!!  nod.gif

chef
*
Wake up also no bullets... Just can wait and see..
haha...

Anyway, this is the effect from EU right?
Will it be short term?

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