Thank you for your clarification. You call the shot and we should follow the house rules if we want to be in this forum. That is life, making up mind takes 3 seconds, changing mind takes 3 years or maybe forever.

Lowyat Forum should update its sub categories - right now it is sitting in HOBBIES - this is the real investment

.

This post has been edited by smokymcpot: Oct 23 2011, 12:29 AM

welcoming myself here

still reading and korek2 from V1, hope can finish it soon..
anyway thanks to every one here, this forum really treasure box for me as I'm newbie in this silver investment things

Welcome

for more info
you can also join SLS group in FB - http://www.facebook.com/#!/groups/silverlot.shop/

also not forgetting our special Lowyat Silver group in FB - http://www.facebook.com/groups/284739938217191/

now amended

This post has been edited by zaizu: Oct 23 2011, 03:20 PM

both link also silverlot

thanks zaizu,
I already join both FB groups.

Dun feel good for silver as compare to gold

Anybody here no interest in 'Dirham Kelantan'. Mcuh cheaper, safer right?
Why majority of you focusing to outside silver?

dirham kelantan is much cheaper? really? how much is it per oz?
in what term it is safer than overseas silver?
pls clarify.

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.

yes u are correct.
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.

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.

It makes sense for Dirham to be a currency as the intrinsic value is more than the value of the silver content, otherwise people will melt it for their metal content. American silver dollar was forced to be taken off from circulation in 1960s when the intrinsic value is lower than the value of silver content.

However to be a widespread currency, Dirham must exhibit fungibility like Ringgit Malaysia, accepted by all merchants, roughly 500,000 in Malaysia, and used by all 28.5 million popullation.

Am planning to bring in about 1000 oz at the next major drop in Silver, wondering where can I get cheap silver to import and bypass the import duties? I suppose some other people also would be interested to join in, maybe we can buy together.

again, why pay using dirham if u can just pay using rm?
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.

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.

my 2oz worth of opinions

Totally agree with you. I myself now also only buy silver bars compared to coins or coins with numismatic value like kookaburra and britannia and so on.

hi guys! just to give an update on the silver buying and selling listing in the website you guys suggested earlier. currently there are 10 listings. but do note that each listing might have more than 1 products. in other words, there are more than 10 products are up for sales in the website:

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

This post has been edited by property101: Oct 24 2011, 12:23 AM

enjoy the fine art of the Silver Lunar Dragon 2012 !!~

Just bought a set for 899 euros!