You can't buy Perth Mint's bullion product directly form Malaysia. You must be a resident of Australia and registered with Perth Mint before you can place an order. I had don't everything required to register but unable to do so, because I am not staying in Australia.

If you want to buy Perth Mint 10oz bars, you can head to Silver Lot Shop in Facebook now, there is a seller name Aslami Amir selling at RM1,350/(10 oz) per bar.

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Added on November 29, 2011, 3:56 pmI have no issue with your statements except that you are not comparing apple with apple by comparing Gold Bullion with Numismatic Silver Coin. The right comparison are gold bullion vs silver bullion, Numismatic Gold Coin vs Numismatic Silver Coin.

I agreed with what Chef said that Silver coin with higher premium plus 15.5% tax (or smuggled), has its own respective market during good time as silver coin exhibit numismatic value particularly with the older minted year coins. Numismatic premium and its followers belong to the collectors group like antiques and arts, buying and selling like what Nidz said is based on willing buyer and willing seller with no reference with the spot price. In Malaysia, there is no player in Numismatic Gold Coins yet, but it doesn't mean that they are not there elsewhere in other countries. Leave Numismatics market consideration separate from pure bullion market, as there are many collectors' evaluation criteria that many silver investors are not familiar with before they jump in like with the recent Lunar Dragon Coin from Perth Mint, as you rightly mentioned the current craze of high markup price last two months, and now sellers are lamenting of the new depressed price. This is a normal phenomena of herd syndrome happening in the crazy buyers chasing for limited inventory, played out intelligently by Perth Mint.

I had wrote enough of Gold Bullion vs Silver Bullion investment, and I not going to bore the reader further.

This post has been edited by taurusbull: Nov 29 2011, 03:56 PM

The most reasonable silver bar is in sls at RM115/oz for 1 oz bar, and not in any bank or goldsmith shops. If you don't care about liquidity comes the time to sell, then you can check with 1stopgold for the 1kg silver bar, now selling at RM3,698.64, getting you RM114.76/oz. When selling 1kg bar, you can sell back to seller at 15% discount. You can dispose off 1oz bar in sls, no discount from market prce maybe take 1 week, 5% discount maybe take 2 days, and 10% discount maybe take 2hours.

Good feedback on dealer reputation based on empirical experience.

Very true indeed, as it happen to me as well, only one month after I bought bullion, I started to pay premium to Perth Mint for Numismatic coins. However each person had their own respective reason.

The best product is actually Silver Round, the middle ground and best of both worlds. It looks like coin and have more variation of designs without legal tender, therefore you don't pay tax or smuggle into Malaysia.

Silver Rounds:
Silver bullion rounds are simply another name for silver shaped into rounds like coins. The term round came about because the silver was shaped into round shape of coins and thus was able to be stacked into rolls. This made it convenient for the rounds to be handled and shipped. You’ll often see them referred to as silver art rounds because they can be purchased inscribed with a variety of designs ranging from commemorative, religious, military, cars, holidays, weapons, animals, presidents, and even Elvis!

Specifications:
1. You can buy silver rounds in sizes ranging from one ounce to over one hundred ounces. Fractional rounds weighing 1/10, ¼ and ½ ounce are also available, but harder to source.
2. The one ounce variety is the most popular. Each silver round coin contains one full ounce of pure silver.
3. It has a purity of .999 fine silver.
4. It is not government-backed and has no legal tender status, making it not classified as coin.
Varieties:
Silver bullion rounds are available in both name-brand and generic. While name-brand silver rounds include the one-ounce private mint produced A-Mark Precious Metals, Wall Street Mint and Sunshine Minting. These silver rounds will display the name or hallmark of the mint that manufactured them.
Generic silver rounds are produced by many mints, and typically they used the designs of famous historical silver coins that are no longer legal tenders, such as Morgan Dollar, Peace Dollar and Buffalo. Newer design includes the famous American Silver Eagle Rounds. They typically have a smaller markup than the name-brand silver rounds.

Reasons to Buy:
1. Silver rounds are readily available.
2. Silver rounds have more artistic design varieties for viewing pleasure, but it lacks the numismatic premium associated to coins.
3. They typically sell for a lower premium than government-backed silver bullion coins.
4. The value of the rounds is directly correlated to the current price of silver.
5. Their small size makes them perfect coins for bartering.
6. Similar to silver bar, there is no 10% Sales Tax and 5% Import Tax in Malaysia meaning it don’t add 'dead money' to the cost (contrary to silver coin) and makes it worthwhile to purchase for pure silver bullion investment purposes.
Conclusion:
Silver bullion rounds are affordable, easy to store, count, buy and sell. They are an excellent way for the small investor or collector to invest directly in pure silver bullion

Good advice.

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Added on November 29, 2011, 7:56 pmNo problem, all of us are learning together.

This post has been edited by taurusbull: Nov 29 2011, 07:56 PM

As per my commitment in LSGG, when I receive my 1kg Gemstone Dragon, we will have a Low Yat silver show, 1 pc of their best silver per attendee, and for safety reason, I am recommending the gathering in Valencia Clubhouse inside the gated community in Sungai Buloh. I will post the date in LSGG when I recieved my 1kg silver coin.

No Nidz, you covered it all.

Are you joking that local Mint 10oz silver bar selling at RM1,300 is cheap?

Please ask yourself the following:
1) When you invest in bullion, buy the cheapest RM/oz, period. Unless you are a coin collector going for Numismatic for specific individual reason.
2) What type of mint will you buy; local, dinar or oversea? Is like asking you what currency you want when you need to leave the country; RM, dinar/dirham or USD? Of course I want USD, unless RM gives me 15% discount, that I can convert to USD for a profit.
3) Before you invest, you must have exit plan, meaning selling your silver and looking for liquidity in local Malaysian market. Nobody really know, but in SLS the trading of 5k-10k pcs of 1 oz bar/round/coin vs 1-5pcs of 10oz bar is not surprising. GoldChan and Chris Chin had mentioned 1 oz silver bar are their prefered choice, and I agreed but I would like to add on 1 oz round as well. Now, is buying 1 oz silver bar at RM115/oz from sls cheaper than buying 10 oz at RM1,300 (RM130/oz) from Tomei? Of course RM115/oz is cheaper. On top of that selling 1 oz silver is at least 100 times easier than selling 10 oz silver in Malaysian market.
4) In hyperinflation time or when you becomes refugee, 1oz silver is way more valuable than 10oz as a barter currency for daily foodstuff.
5) I am not against 10oz bar instead I was a proponent, but I reckoned you must have sufficient 1 oz bar/round first before you move on to 10 oz bar for the only advantage of storage density.

I would advice readers to really read all the pages in this thread with many answers and examples for your assimilation and comtemplation. Asking many point blank questions and expecting instant answers will not make you understand silver as an investment vehicle in totality and you tend to miss many salient points, critical for your long-term return of investment.

I rest my case.

Just to recap the pure bullion physical silver strategies.
Option 1 - Liquidity - Chris Chin (100%) and GoldChan (90%)
- All 1 oz silver bar
Option 2 - Liquidity and Storage - Taurusbull
First 100oz - go for 1 oz silver bar/round
Next 400oz - go for 10oz silver bar/round
After 500oz - go for 1kg/100oz silver bar/round

Good luck for those jumping into 1kg bar at the start, buying at higher price, and when time to get out, take weeks to sell or sell fast with a deep discount, as shown in LSGG about few weeks ago.

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Added on December 1, 2011, 11:05 amOh! by the way, there is no upgrade from silver to gold investment.

There is only a smarter investment moving from gold (herd) to silver (first mover but not too early).

This post has been edited by taurusbull: Dec 1 2011, 11:05 AM

Nidz, you are right, but you need to do it smartly based on gold to silver ratio, as I proposed in my earlier postings. Now gold to silver ratio is at around 53, it will be crazy not to invest more in silver than in gold.

Gold is always the big brother that move the precious metal direction. The silver little brother will tag along, but with 3X speed. When gold move up X%, silver will go up 3X%, and likewise in southward direction. As an investor we want the % return for our invested RM. If your heart can't take shock, invest in gold. If your heart can take higher shock, invest in silver.

However, silver price can be tame by cost averaging during the buying process, therefore you can remove the uncertainty in the speculative buying with many heartbreaks like in May and September.2011.

Nidz, maybe we are the one with stronger heart. Haha!

Not enough, it should be triple loops.

Time will tell.

Gold vs Silver, percentage increase from Gold at USD1744.65, and Silver at USD32.65 now.

On 1st.December.2012
On 1st.December.2013
On 1st.December.2014
On 1st.December.2015

Name a date above, and whoever win by percentage either you (gold) and I (silver), win the bet.

I give you the honour of setting the bet, and we draft up a legal agreement with witnesses.

Then no point to bet. I have gold too, just that after retirement having spare time to do research for gold, and found silver.

Case closed.

Good for you. I am heavy in rental generating properties. I had posted on properties vs precious metals earlier, and don't want to repeat here. All the knowledge I had for precious metal is only 3 months old, but precious metal is such a simple product that you don't need so much time to learn. What is needed is conviction that there is no free lunch for investment, and you must do your homework, and follows your head instead of your heart. Many investors like to act like a herd, and find easy way by listening to what others are doing.

I am only sharing facts with substantiating proof that may be long at times, and I welcome anyone who like crap to skip any of my articles whenever they saw them.

The worst advice is giving half the information peppered with someone figment of imagination, and then narrating it like a real story, which may then be pick up by innocent reader as basis of investment. There are many pubs and cafes in Malaysia that are dying for your business to cool, relax and BS. An investment forum is a virtual meeting place to brainstorm investment strategies and opinions, open to challenges by all participants, so that readers can judge for themselves and diffrentiate the facts and craps that are posted on the forum. The facts and craps can only be segregated by repudiation and authenfication by 3rd parties offering differing opinions. Otherwsie craps and lies left unchallenge, and repeated many times will be view as truth, and that may harm innocent people looking for advice in their investment with their life saving.

Chef,
My answer is in my earlier posting. You can get a court order to forbid my posting, and I will abide with the law of the land, unlike others. As for my recommendation with 1oz silver bar it is purely based on my empirical research and observation, and I can't force everyone to take my advice, as some people just don't have the brain to understand, and I believe it is not my fault.

This post has been edited by taurusbull: Dec 2 2011, 06:09 PM

Numismatic coin is one way of investment.

Silver bullion bar is another way of investment.

Silver bullion round may be another option worth exploring, particularly on the desgn artistic attribute (Numismatic) with low premium (bullion bar).

You can refer to page one of this thread for details.

Before you comment, please read all the facts thoroughly, meaning the question prior to the answer, history of posting, and if you are going to pick only 1/3 of sentence and make a statement, then you are shallow and judgemental.and maybe you are really a pack of quack.

How did I response to your comment todate? Fair and square.

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Added on December 2, 2011, 8:13 pmYou are right, it is just an argument, I am closing the case with Chef without any further comments.

This post has been edited by taurusbull: Dec 2 2011, 08:13 PM