Hi Guys, I hope I'm still in the first page, and with you guys asking, "where's the list?" and "I was expecting a list?" of course no list lah. In case my post jumped into second page, can one of you guys in the first page add in the list? I think chunyen is compiling, otherwise, help me put this list into page 1 and we shall edit it from there time to time. In case I miss out someone, feel free to ask me to add in o.k?

TO ALL NEWBIES reading this post, Here is how you start your silver investment, BUY FROM ONE OF THESE PEOPLE/DEALER :

- GoldChan : silvermalaysia.blogspot.com
- www.1stopgold.com.my
- www.mysmartgold.com
- www.nubex.com.my
- www.1cheapsilver.com
- silveray.lot.my
- www.silverformalaysia.com
- stackers.lot.my
- merlip.lot.my
- www.clickgold2u.com
- www.mudah.my/silver-bull-lion
- www.silverkini.com
- silver-investment-malaysia.blogspot.com/
- www.tntsilver.com.my
- pamp.lot.my/
- www.petibesi.net/category/store/
- www.silverstore.lot.my/
- www.facebook.com/jutawanperak
- silver.wandots.com
- www.golddinarsilverdirham.com/116.html

Individual who collects and occasional trader sometimes (list are NOT in ranking of any kind) :
- ME (as in chef)
- SGKSY
- Cruzzie73
- chunyen2020
- Nidz
- myworld.ebay.com.my/inthedark957/
- myworld.ebay.com.my/ngeking252/
- myworld.ebay.com.my/88shops/
=======================
- LIST IS GROWING EVERYDAY
(those who want to become unofficial dealer let me know so I can add it into this list, people can look for you easily)
some I don't list until I'm given permission, those above are openly selling already..
=======================

Overseas one (buy if you dare to try)
- www.apmex.com
- www.gainsville.com
- www.perthmint.com.au

Place to check the latest price and charts :
- www.kitcosilver.com
- www.silverprice.org

I'll put in the correct links and url later if I can. please help me add the list if I miss someone, not intentional, maybe I just don't know them.

CHEF

PS Thanks nidz for digging the list out

This post has been edited by chef: Oct 9 2011, 03:17 AM

Hi bigwolf, and the rest of you who thinks silver is better than gold because it has more usage.

I was telling my friend about how silver is used in MANY places while gold is only used as currency. well, WRONG!! look up wikipedia and you see the list of usage for GOLD is way longer than SILVER. GOLD is even used in food and facial product! damn! is GOLD great or what?

gold wikipedia
silver wikipedia

So being mislead about that fact, I still believe though that silver output is not as high as for now, but waiting for the demand of silver base on low output is not practical, but if you go china (which I did recently) the government is TEACHING EVERYONE to invest in this and that.

I saw on their TV, they are promoting 1 particular silver coin (like those TV ads selling gym product), promoting a pair of JADE and GOLD lion as collectibles, and finally, a sheet of 100 uncut notes of china, hong kong and macau dollar. What I'm saying is, the silver will be in such huge demand (after gold) from china that the output will never satisfy their consumption.

I always joke with my friend, if you want to become rich, you only have to sell an egg to everyone in china everyday and you will be a billionaire. When everyone wants one particular product (like IPAD and IPHONE) in china, that product will see the highest sales there, because they have 1 billion plus people and they are getting very rich recently.

By the way, a perth bullion DISTRIBUTOR who was chatting with me grumble "can't get the lunar dragon lah, some guy from china (not a bank, not a company, a rich guy) just bought all the available coins in one order, perth mint cannot cope, no more coins for us!!"


chef

This post has been edited by chef: Oct 1 2011, 01:43 AM

True, we also must look at how fast the industry is consuming and how fast is nromal people like us is consuming.

Personal guess is, the ratio of silver and gold will narrow, then widen, depending on when people are demanding PM as safe haven, or when people realised silver is in shortage. Honestly, we who are into silver wished that silver will be recognised as an important PM soon, but it's not going to happen yet, as people see silver as an investment like gold, just a cheaper alternative.

Recent PM liquidation sees silver dropping more than gold, these people pulled out of silver (winning position) and covered their loss or margin call in their other stocks and share and forex, so it was more affected directly. And during this period, most asian saw this as a good time to pump in money to get physical goods, and silver is running out everywhere flowing into asia, thus supported. When the western realised this sooner or later (hopefully sooner) the silver price will jump back up when they liquidate their other position upon gain and pump it into silver (ETF or physical).

It could happen this coming week, so if we see a big drop monday, don't wait till thursday to buy o.k?

chef

my 2 oz worth...

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

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

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

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?

This post has been edited by chef: Oct 1 2011, 10:44 PM

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.

This post has been edited by chef: Oct 1 2011, 11:38 PM

Hmmm..

paogeh and mrbulukorek doesn't sounds like malaysian. where you guys from?

How it works with malaysia custom? very sensitive, doing it wrong can land you in jail, recently many bribery got fined RM 20k just for offering RM 50, anything above maybe jail term.

on the other hand, if you know someone inside, easier. But I do not advocate bribery because they will forever have your record and
can come back to you anytime for more kopi money.

Everytime I pay custom tax, I ensure that I get a receipt. as proof.

chef

Good idea too, the big canai I will be willing to pay myself, the small and expensive one, I should take this opportunity to try.

So you are the one who bought up all the nice bars. I like kitco too, but currently helf hostage by goldchan, he will release them when I release his prisoner too... ha ha...

Hey guys, are you all willing to pay the same price for englehard 1oz bar as the pamp suisse bar?

chef

I think silver is not a big thing in malaysia, and will take another year or so to take off. It really depend on us who are going to do it.

I can't imagine opening a shop to allow people to come in and buy, just like that, and inviting robbery to happen. Of course I can protect these with ID but will it be useful? law will not be enforced, so I don't see many new company opening up to deal in silver, look at nubex, authorised perth mint dealer, and they are not selling much of their product.

chef

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Added on October 2, 2011, 11:44 pmWhat's your capital outlay? Have you studied silver enough to go in? and what is your view? are you looking for fast return? or long term return in 5 or more years time.

And jutawan, to answer your question about the best silver to keep.....pure silver lah! ha ha...

which bar or coin to keep? depend on if you are keeping for your interest, or for price appreciation, or maturity of numistic, or for your own enjoyment (swiming in silver bars) etc...

No right answer to that. Honestly, if everyone agree that the best bar to keep is ABC silver, then you will not see so many brands being sold all over the place. Is like asking, which car is the best car to buy, if the answer is toyota, there will not be other car except toyota around.

chef

PS If you are not getting any other answer, it means there is no answer.

This post has been edited by chef: Oct 2 2011, 11:44 PM

I think the current price of bar is RM 130 - 140, depending on which one. So many in the market, and within a few more days time, the market will be flushed with supplies as most dealer will have already received their shipment from overseas.

chef

Hey guys, don't do panic purchase o.k? This I'm sure is not limited mintage. Let's observe first.

I ordered some pre-order before, but the company have no capacity to fulfill, keep my money for more than 1 month, then when I complain, they just refund the money. So if you don't want this to happen to you, DON'T PANIC BUY, like singaporean, when you see a queue, just go queue!! ha ha....


Anyway, It's likely a replacement for fortuna, but only for asia. It's just WHO get the silver pamp dragon first, but those who buy later will be getting the lowest price. So don't start ordering all over the place like nobody's business.

Except for kooks 2012, panda 2012 and lunar dragon, GRAB wherever you can find them, they are limited mintage.

chef

limited mintage means there's a limit to the number of mint. you just say 2010 is 1.5m and 2011 is 6m. that's mintage lah.

Panda demand is on the rise, the old panda all have limited mintage, which is my next target to get. not easy and a lot of money needed. I'm really becoming a collector now..

chef

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Added on October 3, 2011, 8:41 pmHi Keii kun,

I ordered a little extra for myself, if you want you can have it. But got to wait for me to receive it first though, which I think will be 2 to 3 weeks time....sigh... slow people work slowly...

chef



This post has been edited by chef: Oct 3 2011, 08:41 PM

It's not what he meant,

the USD 25 and RM 40 is charges for every TT you do to overseas supplier, have you not purchase overseas before? I'm sure you do, this charges is required for EVERY transaction. of course, some bank varies charges... the RM 40 I mean.

chef

PS That's why, slowly as you find out more and more hidden cost, plus the market price movement, you will know why many dealers in malaysia have to mark up a little higher to cover these kind of cost, it's not that they are greedy, it's just there's many hidden cost, especially the customs! and GOLDCHAN already shared with us his bad experience with paying "TAX", not only once...

Well put,

I think this summarize all that is asked of, "should I buy coin or bars? which bar is more in demand?" that kind of question, provided those newbie really study and understand what your posting meant. I'm sure there are other post saying the same thing, but sometimes people just don't read previous post.

Like me.... ha ha... Arrsoo told me before, that it took him 2 weeks to read all the posting in v1 (for 50 pages) imagine now there's v2...

Anyway, while the world is still functioning, I'll like to keep the dragon pamp bar as a replacement for fortuna bar.

chef

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Added on October 4, 2011, 10:30 amHa ha, sounds like a scene from some disastor movie, where everyone fighting for the last loaf of bread or can of luncheon meat...

I'm sure it will be avaiable later. somewhere..

chef

This post has been edited by chef: Oct 4 2011, 10:30 AM

Wow bigwolf, that's a nice gesture.

Since the price of the pamp dragon is not going to be too expensive, I think it's worth chipping in, count me in for 10 pcs.

Do remember to ensure you include freight and remind everyone in case there is tax, it will be split evenly.

I'll PM you my order again.

chef

At the current spot price, worth buying a few to keep.

Today hongkong is holiday, so it's not related to hong kong market I think.

So most likely it's right, europe market open, and currently european are liquidating all their position to get back fiat money because many of the country in europe are in trouble and normal people will get cash in hand rather then use up their money now to buy gold or silver. right?

only people like us, we jump into gold and silver now, then later fiat money seemed important, we may liquidate some to buy house or other investment, but will keep a little PM. So in the end, right now PM is falling because many people are liquidating their paper gold and silver.

Once the panic is over, the price will rise.

chef

When the channel becomes narrower, it will break out one day. dunno when, but again, most likely when we are sleeping or working.

Many people I talk to mentioned it will do another drop to USD 26 or so, I believe it's provided bad news comes with the employment data release from the US and obama and bernake start to panic. But... let's not take my word for it and wait for the price to drop, if there's dragon available now, just buy, since it's limited mintage. it's a sure gain investment in the next few years down the road.

For the other coins, well, keep your ammo and watch the market closely. Since I'm sure many people will have enough stocks ready to unload into the market this 2 weeks.

Hey any one talk to goldchan? he seemed to be missing in action...

chef

wow, big drop back to USD 30 and still going down as of 1am. I think everyone is liquidating their position for weekend

chef

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Added on October 8, 2011, 1:02 amHey spikyz, asokakenji,

don't fret and don't worry, the silver dragon price is coming down a little, don't panic buy yet lah...

I'm ordering 1 kilo dragon, if you want one let me know, can order for you too. PM me.

chef

This post has been edited by chef: Oct 8 2011, 01:02 AM