Hi chunyen, property,

it's o.k. I will view on your behalf. 

Come back and report to you guys what I find there yeah? I'm sure to meet some silver stackers there, and some new and rare product, and more suppliers too. will upload some brochures and pictures if I can too.

chef

Hi guys,

I just browsed through previous post and I found a few post at page 6-7 mentioning custom will ka-ka-cau-cau if we buy directly from oversea, is this still happening?

Bad news for me... I was intend to buy silver bar directly from oversea... 

Chef, i had the same experience as you, guess we started collecting silver right about the same time. But what happened then was we were so new we did not know where to get the most competitive price.

Also, there weren't that many silver sellers then, so the traders could command higher profits. However, the past 2 months have seen a surge in the number of traders, especially notable in SLS. Naturally the sellers had to reduced their profit margin to stay competitive, thus we are seeing silver price becoming lower now. This reduction in price is merely reduction in traders' profits, not reduction in the value of silver.

Gold is different, its market is a lot more matured than silver. Profit margins 12 months ago is not much different from profit margins today. So you see the nett effect of gold price hike when spot goes up.

Personally i think silver market in Malaysia now has come so much nearer to spot, that if we buy today and sell in future, any increase in silver spot price would be converted in full (minus the small profit you paid to the seller earlier) into "profit" in fiat money terms.

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Added on December 1, 2011, 9:29 pm

What i'm saying is that 12 months ago, traders selling at 15-20% profit. Today in SLS, traders selling at 3-5% profit. That is already a 10-15% reduction in selling price (assuming spot remained the same today as in 12 months ago).

Well,

I guess you really do not give credit to expert in malaysia or asia PM expert. You do know that the largest consumer of gold (big brother of PM) is in india? and by the way, china is over taking everyone as the world largest consumer of all PM. US guru? well, like I said, what makes the thing they say as facts? Like quackpack said, property boom in singapore or US, doesn't affect malaysia. Silver price goes up USD 5 per oz, US unemployment rate improved, doesn't make a coin size dent in ASIA.

So I would say ASIA's point of view IS more important. If you are talking about old timer who knows more, well, looking small, GOLDCHAN is among on of the taikor here who has been in this for years, and prophetjul is equally long, so i guess their views are equally important. 

I do hope you do not assume all the readers here are not using their brains, and to assume that having 43 years of trading experience in some other product might not make you instant expert in something else, I believe all of us learn till we are old, and not claim EXPERT, be humble and you get to learn more. I'm sure not many people around you will give advice like that to you, since you keep using the old, experience, know more reason to prevent learning of even more useful info.

Like cruzzie and I said, everyone makes their own decision, let them be, we are not newbies, let us decide what we want to do with our funds, why get upset when people do not listen to what you have to say? I mean, will you pay for our losses if we just follow your every advice? I'm sure if you have  "guarranteed returns, guarranteed capital, no risk" scheme like those banks funds, we will all rush in and join your band wagon. Otherwise...

I know someone who googles for information for 8 years, but had no practical experience or expertise in the real thing compared to those who has been in the market for 2 years. you google silver is good! but you wouldn't google silver is bad! so all 800 hours of search is just to substantiate your train of thoughts. spend another 1,000 hours, it'll still be wasted if you are not looking at the right place. (Ha ha....hey everyone, don't shoot me, I didn't mean silver is bad, it was just an example, really...) 

I used to trade in coffee beans and japanese cocoon, but I will not claim I know silver and gold after only 4 months, live is a on going learning process, do not let your age stop you from opening your mind.

chef

PS a reminder, let's not use dirty words or calling people brainless or name calling, civilized discussion only. 

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Added on December 3, 2011, 10:47 am

Ha ha,

Great job, I WAS trying to relax, spend free time coming in and join some discussion and share beautiful pictures of silver.

Hey, nice bars, but the premium is too high, I was poisoned by you when you show the 9 colored coin set, now I'm going to RESIST!! ha ha... by the way, how much is it? you selling?? ARGH!! ...

chef

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Added on December 3, 2011, 10:55 am

Hi quackpack,

That was what I was started out as saying, that because of liquidity problem of silver bars in mlaaysia, I'm thinking of moving to gold, and I was right. (To be fair, for the current day, time and period) malaysia accept gold more readily than silver. I do see silver jumps higher and faster than gold because of the potential, but as most investor will tell you, buy some stock for long term gain, buy some for medium returns, and the rest for quick trading. Gold is for quick trading, 1oz silver bar is for quick trading (low margin and low volume). I think it's called spreading your investment portfolio, but this is the funds you set aside for PM, then you should have some set aside for property, and some for currency or shares...

Anyone disagree?

chef

want to ask about this coin SHIPS THAT CHANGED THE WORLD - MAYFLOWER 2012 1OZ SILVER PROOF COIN
it has 5k pop, why nobody mention about it? since the first series is sold out

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Added on December 4, 2011, 11:55 pmreally lots of beautiful coins at perth mint
haha, might get poisoned already

erm..maybe i can input some here regarding metal usage.
For your info, many semiconductors are using gold wires rite? i think u guys should have known this. Due to the high cost they try to change it to copper wire.. which is very much lesser cost and also usable.
Now they even tried to avoid using silver since it has cost slightly higher compared to last few years. they use silver in some leadframes of semiconductor. erm.. dunno how to explain leadframe.. basically a frame holding the semiconductor before being singulated.
If the metal price goes higher, the industry will alwiz try to find an alternative to change their resource. They alwiz succeding in doing that. They can produce something with lower cost with the same or higher quality.. haha.. dunno how much this info can help u guys.. haha.. me still new in PM investment thou. Palladium is expensive because its rare.. but i do not think its feasible to be kept..need very special care... its kinda fragile (react easily) for pure palladium, different from gold or silver.. studied this during my FYP abit.. hahaha..

I did read some of the articles from your website which really open up my mind to this PM, sometimes I'm quite lazy to read.
Even Mike Maloney "Guide to Investing in Gold and Silver" I listened to the audio book.
Anyway special thanks to (not in particular order) :
Property101
chef
taurusbull
chunyen2020
goldchan
& others for all your contributions.
Without you guys guidance I'll not be looking at this PM at all

actually a lot of people talks about learning from history, even my history teach in school told us to learn from history
but the fact is... history always repeat itself... why???

Somebody quoted me
Grizzly Bear -> RM160
Timber Wolf -> RM210

Not sure bargain or normal.

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

wow....thats deep~

Just to let u know that I have requested Manesh Patel to do a free webinar on Ichimoku this Saturday 17th Dec 2011, 7.30pm.

Please register at https://www1.gotomeeting.com/register/883633160 and you will receive the instruction on how to attend this webinar.

You can ask questions or request a forecast.

See you there!

I browsed through 'Silver - The New Shine' book at MPH today and it got me interested to check out on silver. i stumbled on this thread and as of now, spend almost 3 hours reading pages and pages of good stuff written. Now I'm getting really interested in this.

my only questions will be:

i am a complete newbie in the field,and I can allocate 300 a month for buying anything silver. what would be your recommendation?

thanks!

come down lower! then can get more cheaper. for newbie its better

want to ask if its normal for silver bar to have black spots on it like fungus

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Added on December 14, 2011, 3:06 pmgold thread truly is terrible, nobody bothered to answer question. all they talk about is price this and that. they're just trader. no wonder gold is boring not like silver. this thread is still the best in whole forum for me. the people here is very nice

anyway anyone here know if its true whether can buy cheaper gold at bank negara. i know, i just google it and nothing there. just want to confirm. my mom heard from another friend can buy there. so many wrong info