Getting Started in Bullion Investments?
Success in investing in precious metals (or anything else) will be more likely to result if your investment strategy is sound. If you are considering getting started, we offer a few suggestions.

Is Bullion Appropriate?
First ask if bullion investing is appropriate for you. In considering precious metals investment, read references and trade publications. Consult a registered financial advisor who you can trust to help you. The thoroughness of your due diligence will pay dividends.

For What Portion?
If precious metals are a good investment choice for you, then determine the portion of your investment capital you will commit to bullion products. 5%? 20%? Should you commit to one metal, or diversify? Do you have some risky or underperforming assets that should be sold for precious metal? Will you purchase gradually in small amounts with cash flow?

Timing?
Next, determine your purchase timing. Frequent and smaller purchases suggest a different product than infrequent and larger purchases. Maybe you plan to time purchases with market dips. Doing so will require what analysis tools? If this is your strategy, make sure your analysis is realistic and flexible. You could find yourself waiting for a product to dip to a point to which it might not reach.

Reputable Dealer.
Buy from a reputable dealer. This is especially important if you’re purchasing over the internet. Look for a well-established dealer with history and stability in the business. Does the business have a real brick and mortar location or just a website with a telephone number? The merchant should be able to tell you the price of your items, whether they are in stock, and the estimated ship date. Will the merchant keep you informed via email or otherwise of every stage of the purchase?

Too Good to Be True?
Be wary of extreme bargains. Deals that are too good to be true usually are. Highly worn coins, or unusual weights and purities can be difficult to resell. Standard products have a slight premium for a reason. Strive to buy at a fair price, not the absolute lowest price. While you may find a great deal at a neighbor’s garage sale, accumulating a precious metals portfolio in this way is rarely sound strategy. Also, delaying your purchase to save some small change may leave you empty handed when big moves occur in the metals.

How much to commit?
Don’t commit all your funds at once. The market could well move against you, and if all of your capital is committed, you have lost money. Leave some cash to pick up a bargain if an unexpected fall in price occurs.

A Plan for Selling
Finally, a sales plan should be a part of your stragegy to meet your overall investment needs. Will you accumulate until the bullion you hold hits a certain price, and then liquidate all? Will you follow a time honored method of selling some on strength and buying on weakness to take incremental profits? Will you sell a major portion for a new large cash need such as a new business or to buy a home? Investor interest often seems to rise dramatically when prices have already risen dramatically, which may not be a good time to buy, but it may be a good time to sell. If you develop a solid plan, you will be more likely to make rational investment decisions, and not let your emotions rule.

This does not belong to me or LYN.

Dear Silver Investor,  The following is the import and sales tax for silver under two different import tariff codes in Malaysia. 
1) Tariff Code: 711810000; Descriptions: Coin (other than gold coin), not being legal tender > Import Tax =5% and Sales Tax = 10% Example : Silver Coin, ie. Silver Bullion with any national legal tender such as American Eagle USD1 silver coin, Canadian Maple Leaf C$5 silver coin, China Panda RMB10 silver coin, Perth Mint Kookabarra A$1 silver coin and all other silver coins produce by Government Mints.
 
2) Tariff Code: 711411000; Descriptions: Articles of goldsmith’ or silversmith’ wares and parts thereof, of precious metal or of metal clad with other precious metal.- Of silver, whether or not plated or clad with other precious metal.NILNIL > Both Import Tax and Sales Tax is ZERO Example: Bullion Silver Bars and Rounds with print containing the amount of actual silver content, and without any legal tender, and mostly minted by Private Mint. 

The silver investors are advised to purchase only silver bars and silver rounds if the objective of investors is the silver price appreciation. If you buy bullion silver coins from local Malaysian dealers that do not pay Government import and sales tax, that means you are in possession of smuggled goods in Malaysia. 

I hope the above helps Malaysia silver investors in their "investment of a lifetime over the next 3 to 5 years". 

Best Regards
mysilverbull@gmail.com


credit to - taurusbull

The following are types of Physical Silver you can invest in.

Numismatic Silver Coin
Advantages
• Collector item for enjoyment
• After many years, and if and only if you can find desperate and knowledgeable collector, you can get a good premium selling price.
Disadvantages
• High purchase premium between 30% to 100% over spot price
• When you are desperate to sell, you may only get the same price as the silver round and bar, original purchased at a much cheaper price.

Silver Coin
Advantages
• Easy recognition and acceptability for famous coin such as American Eagle, Canadian Panda and Chinese Panda
• Older years coin can gain premium price over current year minted coins
Disadvantages
• Higher purchase premium of US$2 to US$4/oz over silver round and bar
• Desperate selling price will be the same as round and bar
• Must pay 5% Import Tax and 10% Sales Tax

Silver Round
Advantages
• Look and feel like silver coin, but cost much lower
• Good for bartering using 1 oz silver round
• Easy storage using plastic tube for 20/25 rounds
Disadvantages
• Storage density is not as good as bars
• Not as recognisable as silver coin.

Silver Bar
Advantages
• Lowest purchase premium for physical silver
• Easy storage by stacking up the bars
Disadvantages
• Not easy for barter trades particularly the 100 and 1000 ounce bar.
• Boring and dull design meaning less enjoyment comparing with coins and rounds.

Silver Bar – 1 ounce
Advantages
• Same low price as 1 ounce round
• Easy for barter trade
Disadvantages
• Higher price than 10 and 100 ounce bars

Silver Bar – 10 ounce
Advantages
• Lower price than 1 ounce bar
• Easier to sell than 100 ounce bar
Disadvantages
• No serial number
• marginally higher price than 100 ounce bar

Silver Bar – 100 ounce
Advantages
• Comes with serial number
• Easiest storage for retail investor
Disadvantages
• Difficult to sell in emergency situation
• Possible fake bar with lead filled inside the bar

Silver Bar – 1000 ounce
Advantages
• Can be deposit at Comex
• Comes with serial number
Disadvantages
• Not consistent weight per bar, ranging from 900 to 1100 ounce
• Difficulty for transportation as it weigh 68 pounds

If silver investor is not a coin collector, and only hoping for future price appreciation, I would recommend the following silver form factors;
Small retail investors: 1 ounce silver round and 10 ounce silver bar
Large retail investors: 1 ounce silver round, 10 ounce silver bar and 100 ounce silver bar

Credit to - taurusbull

1. Numismatics

A numismatic coin is a collector coin that has value in excess of its metal content because it is historical or rare. As a gold and silver bullion dealer, people often expect us to carry numismatics coins—but we don't. Why? Because collector coins are a different investment than gold and silver bullion.

When you invest in a numismatic coin, you are taking a major risk because you are already deep in the hole as soon as you purchase the coin. If you don’t believe us, try buying and immediately selling a numismatic coin—you’re likely to lose anywhere between 20 and 50% of your purchase price right off the bat.

Consider this: when you buy a numismatic coin you pay three different layers of costs—1) the cost of the metal, 2) the dealer’s spread, and 3) the numismatic premium. The numismatic premium can range anywhere from a few bucks to a few hundred thousand bucks.

That means before you are “in the money,” the market price of your coin must have gone up more than enough to cover the numismatic premium. Until then, your collector coin will be a loser.

Over the years, gold and silver dealers have build a mythos around numismatic coins—as if they offer some mystical advantage to plain gold and silver bullion. Those myths have been created, not because numismatic coins are good for the buyer, but because they are good for the seller.

The biggest myth about numismatic coins is that the government can never confiscate them. The second biggest collector coin myth is that they do not have to be reported to the government. Less-than-scrupulous precious metals dealers have made a living selling “non-confiscatable” and “non-reportable coins” that come with a hefty numismatic premium and hefty price tag.

The “non-confiscatable” myth refers back to 1933, when U.S. President Franklin Delano Roosevelt, in a misguided attempt to combat deflation and stabilize the U.S. dollar in the throes of the Great Depression, signed into law an Executive Order 6102 that banned U.S. citizens from owning any gold—if you didn’t exchange your gold for Federal Reserve notes, you could be sentenced for up to 10 years in prison.

The only exception under Roosevelt’s order was collectible gold coins (rare or unusual, having “a recognized special value” to the owner). That exception to the law spawned myths that persist to this day: it is simply untrue that gold coins minted prior to 1933 are "non-reportable" and “non-confiscatable.”

By describing these old coins as non-reportable and non-confiscatable, the dealer implies to the customer that coins minted after 1933 are “reportable” to the government and “confiscatable” by the government. Understandably, many customers are spooked by those prospects and are persuaded to purchase heavy premium pre-1933 collectible coins—usually earning the dealer a nice, hefty profit.

Our suggestion is that unless you are an expert in numismatic coins, avoid them—their fundamental drivers are different from those that drive bullion, and during a financial crisis, when we want our wealth to be most protected, numismatic coins may leave you high and dry.

Added on October 24, 2011, 10:10 am2. Pools & Certificates

When you buy into a bullion pool or certificate, you become a creditor of the bullion bank storing your precious metals. Just as when you deposit your currency at a bank, the bank doesn't keep your dollars separate from everyone else’s dollars; the bank simply tells you in your bank statements or online how much it owes you—essentially, your wealth is transmuted into digits in a computer.

Legally, however, when you buy into a gold pool or certificate program, the bank becomes the owner of your precious metals.

If the bullion bank gets into financial trouble, (gasp! Imagine that!) it can sell your gold to maintain its assets at a level where it won’t get shut down and where it will avoid a run on the bank.

In that instance, you won’t be paid back in gold, but rather in currency—less currency than the value of the gold the bank owed you—because logically a bank in trouble almost certainly would be forced to sell your assets at fire-sale prices. If you live in a country with some kind of bank deposit protection (such as the Federal Deposit Insurance Corporation in the United States or Financial Services Compensation Scheme in the U.K.), your gold will not be covered. That’s because deposit insurance only applies to currency—meaning that, in the likely event of a bank crash, currency deposits are safer than unallocated gold.

So why would anyone invest in one of these types of sketchy accounts? Simple. It’s cheap and easy... and everyone loves cheap and easy, right?

Purchasing gold or silver through pools or certificate programs is cheaper than purchasing a like amount of physical gold or silver, primarily because most pools or certificates hold the metals in unallocated storage—which means your metals are comingled with everyone else’s metal. What’s yours is not yours—and in the event that your bullion bank goes under—it’s theirs.

If you are going to store precious metals, take a look at our bonded and insured silver and gold vaulting options in Salt Lake City, Miami, Hong Kong, etc. These vault storage options are both segregated and allocated, which means that your metals are stored separately in your name and are owned by you alone. If we go under, your metals stay in your name, and you will never be beholden to a bank.

Added on October 24, 2011, 10:11 am3. Leverage Accounts

Leveraged investing is when you borrow currency in order to invest. In a traditional investment strategy, you might set aside a certain amount every month to be invested, so that the principal you had invested would grow over time, compounded by any earnings on the investment. With a leveraged investment, you would invest a large sum up-front, then make regular payments to pay back the amount you borrowed, plus the interest. The potential advantage of the leveraged investment is that there is a supposedly larger amount earning returns over a longer period of time. If the return on your investment is greater than the principal borrowed plus the interest, your leveraged investment has outperformed a traditional investment.

Leverage can dramatically increase your investment winnings, and leverage can be great for those who are educated in the proper techniques and are skilled in its use.

But if you don't know what you're doing (and sometimes even if you do), leverage can also magnify your losses to 100% and beyond. It's this simple: when you introduce leverage… you introduce risk.

Margin investment is borrowing money from your broker to buy a stock and using your investment as collateral. Margin generally enables the investor to own more stock without paying full price for it. The downside to margin is, if your investment loses money, your losses are exponentially greater. In the case of margin, you are going up against a mathematical formula and compounding fees that are engineered to work against the novice.

Leveraged investing is the realm of professionals who know no greed or fear; they just know the odds and the numbers, and they know how to eat the little guy for breakfast. You never know who's taking the other side of the bet. Many times you are going up against very "Deep Pocket" traders such as mutual funds and hedge funds. Either way, if you're not better than they are… you're dead.

4. Futures & Options

Futures and Options are contracts that can give precious metals investors leverage, which can magnify their gains, but also, magnify their losses.

If there were to be a default on the commodities exchanges during the coming gold and silver rush, we believe the exchanges could change the rules to allow liquidation orders only.

In that case, investors holding futures contracts for gold or silver would be forced to accept payment in cash (currency) instead of redeeming their shares for physical silver or gold, as their contracts entitle them to do. In an alternate scenario the exchanges might freeze prices on all open contracts, while prices on gold and silver for immediate delivery and off exchange silver (silver in private hands or silver in private vaults outside of the commodities exchanges) continue to shoot for the moon. It has happened before, and it will likely happen again.

5. Gold ETFs / Silver ETFs

When you invest in a gold or silver exchange-traded fund, you do not become the sole owner of actual gold or silver. For an ETF represented to be backed by gold or silver, the fund managers will contract with a custodian to hold the gold or silver in a vault. The custodian is usually a large, international bank, serving as a custodian for numerous customers. Most of the time, because the custodian is a huge multi-national corporation with thousands of accounts, when gold or silver is bought or sold, the metal never physically moves. Title to the bars of gold or silver is simply transferred from the seller to the buyer as a book entry in a massive computer network.

This is where problems can arise: If the custodian is allowed to appoint sub-custodians, and the sub-custodians are allowed to appoint sub-sub-custodians and so on, now the gold or silver is spread out over various geographic locations. The only way to prove these sub-custodians hold enough gold or silver at any given point in time to fully back the account is for the ETF to require the custodian and all sub-custodians to be audited, during non-trading hours, all on the same day. If the gold ETF or silver ETF does not regularly require this type of audit of its custodian and sub-custodians, chances are high that the same physical gold may be purchased or owned by the same entity or individual at the same time.

Many metals experts believe that silver ETFs and gold ETFs may hold less than the amount of precious metals they supposedly own or none at all.

For most of us precious metals investors, the essence of keeping your hard-earned wealth in precious metals is to own a physical asset that can weather any economic storm. When you put your wealth in ETFs, you simply become an unsecured creditor of a mega-bank that will happily gobble up your wealth if financial turmoil strikes.

As is true of any electronic or paper form of wealth, the investor can be denied access to the value of his or her gold ETF or silver ETF shares due to Acts of God, war, force majeure, confiscation, computer glitches, fraud, insolvency, lawsuits, liens, garnishment, etc. Given those caveats, coupled with the very real possibility that silver and gold ETFs are not backed by physical gold or silver, investing in real, physical gold or silver will always be the safer bet. The higher premiums investors pay for physical gold and silver stored either their home or in a segregated fully insured vault account seems a small price to pay in exchange for a safe and secure investment.

One final note on silver and gold ETFs, due to high annual ETF management fees, more often than not, it is much less expensive to store precious metals in a private, segregated, fully insured gold and silver vault as opposed to having your silver ETF or gold ETF shares diluted from exchange trade fund or ETF management fees.

For More On Why Physical Bullion Stored In A Private Segregated Vault Is A Much Wiser

In Closing…

At GoldSilver.com, we want our investors to be educated, so that they can make the best decisions for themselves and their families. We don’t sell or offer many types of products simply because we don’t believe in them—and we won’t invest in them ourselves. We offer secure vault storage and home delivery because that is how we store our own precious metals—in hand or in the hands of fully insured secure vault storage custodians we trust, outside of the banks and the failing financial system.

Even if you don’t purchase your precious metals from our company, we want you to be well informed to better deal with the gold and silver investment world out there—hopefully you are now more aware of the various gold scams, silver frauds, and potential pitfalls when making your silver and gold investment decisions.

Quoted from goldsilver.com

chunyen2020
T&C
1. One people entitled for one guess/predict price, price that is speculated after 30th Sept 8PM (M'sia time) is not counted.
2. One Teh Tarik, meet up only

SGKSY
T&C
1. Predict the exact price (refer to saturday morning closing price of this website http://silverprice.org )
2. One ASE 2011 with airtite for the prize.

basSist: 30.39
Chef: 29.86
magpie9: 31.30
SGKSY: 32.5
keii-kun: 30.46
spikyz: 30.50
8181: 30.57
property101: 30.23
bigwolf: 26.82
chunyen2020: 27.03
mingophoria: 30.23
cruzzie73: 30.18
IRIS PROJECT: 30.31

i change to 30.39~ despite of ASE!

hehe so need to guess before 8pm and guess what is d closing price right? so i guess thats d only valid list we have.

and it seems silver price going down sharply. Suddenly 29 area.

got a question for u guys long term silver investor...

during this drop (~usd 40 to ~usd 30), how much silver have u bought? do u continue practice dollar cost average? or buy additional?
if u are even taking out some of ur reserved cash / emergency fund (or whatever you call that extra cash), how much of that portion in terms of %?

i personally still continue buying, usually i buy 1 kilo per month but during this month i bought 1.5kilo (just additional 0.5 kilo). have yet to touch my reserved cash, but if it drop to 26 again, i would take out small portion of the reserved cash to buy 1 more kilo.

i mean no matter how low the silver is, there is still chance for it to go lower, therefore i dont plan to shoot all the bullet at one go. but of course if the price drop to like usd5, then i would sai lang (show hand) 

wonder what u guys do during this "silver sales" and whats ur strategy getting the most out of the fall?

got a question for u guys long term silver investor...

during this drop (~usd 40 to ~usd 30), how much silver have u bought? do u continue practice dollar cost average? or buy additional?
if u are even taking out some of ur reserved cash / emergency fund (or whatever you call that extra cash), how much of that portion in terms of %?

i personally still continue buying, usually i buy 1 kilo per month but during this month i bought 1.5kilo (just additional 0.5 kilo). have yet to touch my reserved cash, but if it drop to 26 again, i would take out small portion of the reserved cash to buy 1 more kilo.

i mean no matter how low the silver is, there is still chance for it to go lower, therefore i dont plan to shoot all the bullet at one go. but of course if the price drop to like usd5, then i would sai lang (show hand) 

wonder what u guys do during this "silver sales" and whats ur strategy getting the most out of the fall?

btw, welcome to the silver thread mucklampir 

since you're working with silver, need to ask you is it true that we're using more silver than output? and is the above ground silver stock really decreasing now?

1. Silveray Enterprise - http://silveray.lot.my/

2. Silver Bullion Coin for Malaysians – http://www.silverformalaysia.com/p/bi-weekly-promotion.html

3. Merlip-Merlip Silver Shop – http://merlip.lot.my/

4. Silver Stacker – http://stackers.lot.my/

5. ClickGold2u Silver Coins & Bar – http://www.clickgold2u.com/

6. Silver Bull-lion – http://www.mudah.my/silver-bull-lion

7. One Cheap Silver – http://www.1cheapsilver.com/

8. Silver Bar Coins & Dirhams – http://www.silverkini.com/

9. SILVER INVESTMENT-MALAYSIA - http://silver-investment-malaysia.blogspot.com/

10. True & Trusted Silver (T&T SILVER) - http://www.tntsilver.com.my

11. Pamp Suisse Silver Bullion - http://pamp.lot.my/

12. Peti Besi -http://www.petibesi.net/category/store/

13. Silver AG+ - http://www.silverstore.lot.my/

14.Jutawan Perak https://www.facebook.com/jutawanperak

15. Wan Dots - http://silver.wandots.com

16.Golddinarsilverdirham-http://www.golddinarsilverdirham.com/116.html
_______________________________________________

Malaysian eBay Seller (Klik pada 'Items for sale' atau 'visit store' pada profile seller) :-
1. SilverMalaysia - http://stores.ebay.com.my/silvermalaysia

2. inthedark957 - http://myworld.ebay.com.my/inthedark957/

3. ngeking252- http://myworld.ebay.com.my/ngeking252/

4. 88shops - http://myworld.ebay.com.my/88shops/

damn china man... curi our dragon away for himself....

ah but if we look at gold & silver consumption, we'll see that gold is mainly used for jewellery while silver is mainly for industrial

http://www.gold.org/investment/why_how_and...and_and_supply/

http://www.silverinstitute.org/supply_demand.php#supply

as such, much of the gold mined still exists in various forms such as gold necklace. but most of the silver is used in manufacturing and very little is used for investment. as to why i think silver has more long term potential than gold, if assuming there is a finite amount of silver and we are already consuming more than production, then in the long term silver would be more scarce than gold? hence my question, how much silver can we recycle back from industrial use? this is very important coz if for whatever reason we can't recycle back the silver used, then we are actually exhausting silver faster than gold.

between industrial demand and investment demand, which would you think will have far greater impact in the long run? which begets the next question, i always wonder what would silver be 10 - 20 years from now? would it be more expensive than gold or stay within the 40 - 50/1 ratio? 

where can i see the list of silver coins? maybe just wanna try to get some for fun and to keep for future.

BULLION (coins sahaja)

1. PRIVATE MINTING
1.1 Engelhard
1.2 Pamp Suisse
1.3 Johnson Matthey

2. AUSTRALIA
2.1 Kookaburra (minted from 1990 onwards)
2.2 Koala (minted from 2007 onwards)
2.3 Lunar Series (minted from 1999 onwards)
2.4 Kangaroo (BU and Proof, minted 1993 onwards)

3. USA
3.1 Silver Eagle (Bullion, BU and Proof, minted 1986 onwards)
3.2 America the Beautiful (2010 onwards, only in 5ozt)

4. CANADA
4.1 Maple Leaf (1998 onwards)
4.2 Wildlife Series (2011 onwards; only six coins authorised; wolf, bear and cougar so far)

5. CHINA
5.1 Panda (1983 onwards, with exceptions)

6. UK
6.1 Britannia (1997 onwards, gold from 1987)

7. AUSTRIA
7.1 Vienna Philharmonic (2008 onwards)

8. MEXICO
8.1 Libertad (1982 onwards)

9. RUSSIA
9.1 St George the Victorious (NEW, from 2009 onwards)

10. SOMALIA
10.1 Elephant (Wildlife Series; quite RARE)

11. SOMALILAND
11.1 Lunar Series (VERY RARE)

12. ARMENIA
12.1 Noah's Ark (500 Dram; NEW)

13. NEW ZEALAND
13.1 Kiwi (BU and Proof)
12.2 Fern (BU and Proof)

14. ANDORRA
14.1 Eagle (2008 onwards?)

15. FIJI
15.1 Taku (2010 onwards?)

16. COOK ISLANDS
16.1 Bounty (2009 onwards)

17. MALAWI
17.1 Springbock (NEW, 2010 onwards)

18. RWANDA
18.1 African Wildlife (2008(gorilla), 2009(elephant), 2010(lion), zebra(2011), only 5000pcs every year)

19. ZAMBIA
19.1 Elephant (only minted in 2003, LIMITED)

20. GUERNSEY
20.1 8 Doubles (mintage unknown)

21. KAZAKHSTAN
21.1 Snow Leopard (2010)

BARS

1. Morgan Bar
2. US Flag
3. Silvertowne
4. Public Gold Silverbar
5: TnT Silverbar
6: TnT Silvermint bar - Medina series
7: Oneasia Gold Mint (OGM)
8. Sunshine silver
9. Kitco bar
10. Apmex
11. Lunar Tiger
12. Emirates
13. Pamp Suisse
14. Scottsdale
15. NTR
16. Silver bar Kasih
17. Pan American
18. heraeus silver bar
19. perth mint silver bar
20. Engelhard
21. Johnson Matthey
22. Academy Silver Bar

closing price is 29.9. No winner, chef is the closer one. But still have consolation prize. Next time, if got jb gathering, i treat you roti canai and teh tarik. hehe

---

Added on October 1, 2011, 6:21 am
but dragon was created by china man de ler. He no points to steal the dragon, haha. dragon minted by china will be 2 or 3 times higher than perth mint one. No doubt.

Don't cry, buy now.

You sure? What if buy now drop price, cry like hell?

Looks like chef won his barley and roti canai.  And wow, just 0.04 away from that ASE. Should have "bao" 4 numbers above.

I am a newbie and like some advice from all you sifus.

Does it matter whether you just buy one type of silver coin for investment like maple instead of different ones like panda, eagle etc. I am assuming it is better to buy 1 oz because easy to trade? I read in the threads that some but 1 kilo bars - where do they store these?

Also I note from Gainsville website need to pay $75 for international delivery orders. I guess only worth it for suppliers  and big time buyers?

i might wanna start small if so. just get some collections to keep. i dunno where to keep as i am renting room in sg. oh damn... hahahaa...

my hometown is sitiawan , perak. i doubt i can find silver coins sold there. hmmm...

Hi Marcus, seen your post around sometimes, but not much...

Yup, 1oz easier to trade and sell off, kilo bar for future use, keep for at least years. Your kilo bar? keep at home under your pillow lah, then you dream of silver everyday, swimming in flowing silver river. If you upgrade to gold, well....you get what I mean...

For gainsville, yeah, it's for people who are buying a lot, willing to risk shipment lost, pay the tax (argue with custom sometimes), can't find anyone else here selling below 15% markup. For me? If I buy from them, it's because they have some special bars not available locally. But I have not, not yet....

chef

I'm from Penang,
anyone has 2012 Dragon silver stock ?

Please PM me the
1.price
2.minimum purchase amount
By the way,
between APMEX and gainville
what is the main different ?

anyone has problems with custom before ?
and if order GOLD coin, 15% tax still apply ?
thank you

Actually have the same question. Anyone order from apmex? If got tax how will they bill you? Via the shipper or hv to go somewhere to collect? Any other problems?

i might wanna start small if so. just get some collections to keep. i dunno where to keep as i am renting room in sg. oh damn... hahahaa...

my hometown is sitiawan , perak. i doubt i can find silver coins sold there. hmmm...

There are quite a lot of safe box and normal box option in singapore, you are not looking hard enough, simple storage which is quite secure can be rented at very low price in singapore, you have access to it 24/7. with CCTV and security key etc..

chef

chef, tell me which company have 24/7 access ? bank ? i use certis cisco one, only 9am -9pm ler.

Wow, bank is not cheap, but they are secure. If you store gold, better stay with them, if silver, o.k lah, don't tell anyone you put silver bar inside.

To all fellow friend working or staying in singapore, check out :

here's one : http://www.extraspace.com.sg/
another : http://www.storhub.com.sg/
many more... but I've never use them, visit before, quite a good idea. you can store your other barang which you will not want to see for next 5 years inside. just keep paying the rent and it will remain closed to everyone else.
many many around, just do a search in google and you can find them, even in malaysia, but I will not put my reputation on those storage space, many times it's the security personnel who are the one.

chef

By the way, SGKSY, where did you find the 1 kilo coin cheaper than 1 kilo bar? it's always more expensive. Let me know can?

All sifus,

What do you think of RCM 100 oz bar?

Not common, and not easy to sell then. Why are you looking into such large bars? you will have problems selling it later.

buy 10oz max, 1 kilo bar or coins for long term investment. If you have the money, go into gold, smaller bars and fast liquidation.

chef

PS Sorry I'm not sifu, I'm just stating my 2oz worth opinion.

might interested to buy silver coin. they looks so pretty~lol.  I supposed now is the good time to buy eh?since price jatuh already.

What type of silver products should sell easily here in Malaysia?

sell easily .. like eagle, maple, koala, panda, lunar and wildlife series.. etc

don't take tax for coin into consideration lah. sometime, buy 1kg coins from distributor is cheaper than buying bar in secondary market. For example,  buying 1kg pamp bar from 1stopgold when spot rate is 40usd , the premium is 15%, that mean average 6 usd per oz. but most of the 1kg coin only have premium of around 4-5 usd per oz. If you can get the coin without tax, why not buy coin ?

last time , i bought gold coin, silver bar, silver coin from gainesville coin, all shipped in one package. but the custom clerk(i think they want to save time) only use the tax code for gold coin to apply for all items i bought. Then i got my silver coins tax free.....

so what is the Malaysian Tax for :
1. Gold Bar (???)
2. Gold coin (???)
3. Silver Bar (no tax)
4. Silver Coin (15%)

*Does the custom ask for duit kopi ? 
or example or 100 coins, only get 80 coins, etc etc ?
thank you

No tax for gold coins or bars as far as i know.
Duit kopi? It depends on ur luck la. But i dont think they'll take 20 coins...

Sigh.... this 0.04 will haunt me for the rest of my life as long as I am collecting silver.... I will be forever 1 ASE short....   I was creating my 88th dupe account when moderator found out and chopped off all my dupe account...    else.... 

o.k. so I'm ready to collect my barley and 1 request, where's the biggest roti canai in KL enyone has ever eaten? I mean if I'm gonna be eating 1 canai, I want the biggest and most expensive one!! haa haa..... 

chef

i see many people collecting diffrent kinds of bars, however i wanna ask.

between all the bars above listed, which bars is deemed the most sought after by people ?

and why do you say so?

chef, about d roti canai, ive encounter one, however is d smallest ive seen and d most expensive one. at hotel la.. its ridiculous man, they just use d roti canai frozen, d small one, and yet charge ppl 4-5 times higher. lolz. anyway, maybe u should go to Pelita next to KLCC la.. hehe easy to find that mamak stall.
its always depends on d buyer. for bars, i prefer scottsdale, kitco and sunshine. because of the design i might say..especially scottsdale.

anybody know of any established company to recommend to buy & sell silver for investment? So far I've read Mysmartgold, Nubex & 1stopgold, but is there any other established companies in Malaysia?

Thanks Chef for your advice on RCM 100 oz bar. I am just wondering what's the best way to invest. Kitco's spread is high but Gainsville for big players or suppliers; guess can't win them all.

You sure? What if buy now drop price, cry like hell?

Sigh.... this 0.04 will haunt me for the rest of my life as long as I am collecting silver.... I will be forever 1 ASE short....   I was creating my 88th dupe account when moderator found out and chopped off all my dupe account...    else.... 

o.k. so I'm ready to collect my barley and 1 request, where's the biggest roti canai in KL enyone has ever eaten? I mean if I'm gonna be eating 1 canai, I want the biggest and most expensive one!! haa haa..... 

chef

don't take tax for coin into consideration lah. sometime, buy 1kg coins from distributor is cheaper than buying bar in secondary market. For example,  buying 1kg pamp bar from 1stopgold when spot rate is 40usd , the premium is 15%, that mean average 6 usd per oz. but most of the 1kg coin only have premium of around 4-5 usd per oz. If you can get the coin without tax, why not buy coin ?

last time , i bought gold coin, silver bar, silver coin from gainesville coin, all shipped in one package. but the custom clerk(i think they want to save time) only use the tax code for gold coin to apply for all items i bought. Then i got my silver coins tax free.....

when U R lucky lah, I 'm not lucky. Even when I import bar, the custom said I import coin and change the tariff code given by my supplier from bar to coin.  Ammend it straight away without informing me without checking the product itself. Ask me to pay tax. It already happen almost 10x already since last year. and ask me to pay tax. 15.5% That why no smooth ride. everytime I got to email fedex the picture etc. later it was released but a delay of 2-3 days in getting the item.
when the amount is big don;t expect smooth ride ok. unless your networking is good.

for your case, the correct way will be
tax on your silver coin + the freight. The rest no tax.  MOre work.

But some bad luck case can also happen, let said the amount is USD10,000/- lah of which USD8,000 is gold. since there is some silver coin, they may just tax you
USD10,000 x 15.5 % . U have to argue with themlah.
in that case, U have to bring it up to their customer services department Fedex, DHL, UPS, TNT and file a complaint kow kow. They supposed to get it done properly.

The COT numbers came out for the week and were stunning...unless you understand WHY the price of silver was destroyed. The banksters covered an AMAZING 16,446 contracts (82M paper oz) so far on this slam to have them post one of the lowest short position since the November 2008 crash.

Here's an excellent article on the situation:

http://www.gotgoldreport.com/2011/09...positions.html


This is since the Thursday cutoff so I'd expect even more short covering at the release of the COT report next week.

So why is this happening now? To me it's very simple...the CFTC is going to FINALLY implement position limits and the bankster have to position themselves properly before it happens.

This also confirms the fact that the CFTC has been delaying the implementation of position limits TO HELP the banksters get back "on side". They did this to try and not cause a huge disruption in the market...which it would have.

So where do we go from here? Position limits will prove to be deadly to the banking cabal because they cap their ability to rig the markets. Not 100% but significantly enough such that silver will be able to rightfully express it's true value at some point without the massive market manipulation. Usually, the banksters short on the way up from slams to keep the price under control but position limits will cause problems for their control mechanisms.

Not that it will stop manipulation all together but it will assist the Good Guys with their plan to end the game.

The next few months should be a DOOZY for silver so get your hands on as much as you can. If they slam it lower buy more. If they let it rise from here buy more. If the last slam scared you... you now know WHY it happened and it couldn't get much more bullish for silver than the Bad Guys covering a huge amount of shorts on the slam!

Silver is on sale today but we can't be sure how long this mega-sale will last!

Stock up.

Bix Weir
www.RoadtoRoota.com

when U R lucky lah, I 'm not lucky. Even when I import bar, the custom said I import coin and change the tariff code given by my supplier from bar to coin.  Ammend it straight away without informing me without checking the product itself. Ask me to pay tax. It already happen almost 10x already since last year. and ask me to pay tax. 15.5% That why no smooth ride. everytime I got to email fedex the picture etc. later it was released but a delay of 2-3 days in getting the item.
when the amount is big don;t expect smooth ride ok. unless your networking is good.

for your case, the correct way will be
tax on your silver coin + the freight. The rest no tax.  MOre work.

But some bad luck case can also happen, let said the amount is USD10,000/- lah of which USD8,000 is gold. since there is some silver coin, they may just tax you
USD10,000 x 15.5 % . U have to argue with themlah.
in that case, U have to bring it up to their customer services department Fedex, DHL, UPS, TNT and file a complaint kow kow. They supposed to get it done properly.

When you buy from the big dealers, they will enclose a tax invoice inside...should not be a problem to
identify the goods and prices.

Do you guys invest in silver by buying physical silver bar/coin or paper type?

physical.
i don't think we hav paper silver yet, here in malaysia.
but in singapore, i think uob has paper silver investment account

physical would be hard to sell it out at later time?

If yes, who we sell to?

everything is included and properly done, yet they did not want to acknowledged.
then even if it is opened they will not tell me until I get the box. This freak me out especially when i buy some gold. Luck no item is lost yet, the package was opened.
but there is no tape showing custom inspection. Normally custom inspection should come with some special reseal tape on it.
I guess now they are targeting big importer lah.

i see. But the invoice should be adequate. But i suppose Msian gov is to give headache not serve!

Do they even have special custom seals?? 

They do have custom tape to tape back the box after they inspect them.

However, in my experience buying silver from overseas, the custom will call me to their office and asked me to open the box in front of them and let them see the items. Then they will take the invoice and see how much they are going to charge me in terms of tax.

Anyone gonna bring in PAMP Suisse 2012 Lunar Dragon? I'm planning to get 5g Gold Dragon and 1oz Silver Dragon. So far, I only know Habib is going to sell these, but not in all sizes.

http://www.bullionbaron.com/2011/10/stunni...ragon-bars.html

Anyone gonna bring in PAMP Suisse 2012 Lunar Dragon? I'm planning to get 5g Gold Dragon and 1oz Silver Dragon. So far, I only know Habib is going to sell these, but not in all sizes.

http://www.bullionbaron.com/2011/10/stunni...ragon-bars.html

They do have custom tape to tape back the box after they inspect them.

However, in my experience buying silver from overseas, the custom will call me to their office and asked me to open the box in front of them and let them see the items. Then they will take the invoice and see how much they are going to charge me in terms of tax.

wow, this looks nice!
i wonder how much is the price.... pamp suisse summore

wow, this looks nice!
i wonder how much is the price.... pamp suisse summore

guys, how do i know the price or estimated price of each coins or bars? where can i see any price of it? thanks...

Your best bet is Ebay for Coins, Bars.. just go with the current spot price as an estimation.

bars will not run far from spot price rite? how much % extra compared to.spot price? lets say 1oz is $30,then how much is the bar?
well... do bars get tax? if not wrong, they dont rite?

tq guys. plan to start small. maybe coin or bars.

i dont really know the exact price.
but right now, bars like morgan, sunshine, silvertowne and the likes are going at around Rm130-140 per oz.
This is more or less the current market price here in Malaysia. If you are bringing it in from overseas dealer, u can get around less than rm120 per bar, i think.

oh thats much cheaper. but need to have contacts. really interesting.

oh thats much cheaper. but need to have contacts. really interesting.

It has been discuss before that for Kilobars 1Stopgold is the cheapest, but you'll have to check on the spread of their buy back. (Buy back is 15% off the price)

Current selling price is RM 3,512.36 = 32.150747 Troy Ounce = RM109.246606307 per ounce.

http://1stopgold.com.my/index.php?option=c...tid=27&Itemid=4