If the price spread is close to what i am importing from USA, i dont mind getting the 5oz or 10 oz bars. Greedy me still waiting to load up when the price hits USD24 / 25

Very well said, Taurus .....

Taurus,

Just for your info, currently 1oz of gold can be bought ~ RM5660. On the other hand, 51oz of ASE will cost ~ RM140 * 51 = RM7,140. The difference is ~ 26%. I would think there will be people interested to exchange their gold for silver in this case.

This post has been edited by chrischin: Nov 23 2011, 05:07 PM

Some very good discussion going here boyz. Keep up the "good quality posting" going.

I have never liked silver for 1 reason - too cumbersome!

I just cannot imagine needing to buy RM10,000 worth of silver. All i needed to do was to buy 2oz+ of gold coin - kau thim. Thereafter, just put the coin in my shorts and no one will know. But to buy RM10,000 worth of silver, wah, how many bars do i need to buy? Wanna "lari" also difficult. Some more dont know where to buy then.

That was precisely my issue exactly 1 year ago!

This post has been edited by chrischin: Nov 23 2011, 10:14 PM

Cruizzie73, thanks for the technical readings. Do post them more often.

Taurus, thanks for continuing the 2nd part of the story. After some long hard look, finally got myself into what chef called the "poor man's gold".

I have a slightly different method of investing in silver. From what i could get currently, the 1oz bars is not much different from the 5oz or 10oz bars (in terms of pricing per oz). So, for that reason, i do not mind investing in just the 1oz bars. For storage, the 10oz bars are good - keeping things neat and tidy, even in small space. The 100oz is just cumbersome. Too rectangle to be used as a dumb-bell and maybe difficult to dispose off in the future. So, for the time being, i am still sticking to the 1oz bars and maybe some more 10oz ... until a time when i can find really cheap source of 100oz bars (a very minimal premium above spot).

Nevertheless, i am of the view that the gold to silver "investment" ratio ideally is 2 to 1. For every dollar of silver, the investment portfolio should hold 2 dollars in gold. And out of this, two-third in physical and one-third in paper. Reason? In case i need to liquidate/sell, paper has very low spread and is extremely liquid. Physical pm is simple for long term investment. How long? Probably a very long term.

Just sharing my personal investment view point.

---

Added on November 24, 2011, 1:54 pmOh and Chef,

Mysmartgold is quite ok to deal with, though parking there is a bit of a struggle and they are perpetually running out of the 50g pamp bars.

And no and yes, i do know people who always has a 10g pamp in their wallet. Well, just like people wearing a Rolex except much cheaper and easily traded for $ when needs arises,

If you happen to be around mysmartgold area, give me a buzz and we can go for a drink, (and no, i dont work for them).

This post has been edited by chrischin: Nov 24 2011, 01:59 PM

Chef,

I am at Sri Petaling area. OKR is near enough for me to pop by...

Thank you everyone for your valuable information.

Can i do a little survey here ......

What will happen if the price of silver drops to USD25 and stayed on there for 3 months. What would your individual reaction be?

(i am not saying that the price WILL hit there, but i am asking what IF the price hits south and stay there for a while).

taurus, that sounds like a confident investor there with a deep pocket.

Anyone else .... (remember, dropping to USD25 and stays there for 3 months)

Thank you all for posting your reply on "What happens when silver drops to USD25". Good to see different view points.

Now, the 2nd part to it ....

After 3 months hanging around USD25, global recession hits and silver drops to USD21, anyone panicking? Or everyone prepares to "sai-lang" - meaning take very thing out from the bank and move them into silver (provided still got bullets left).

Interesting and some basic issues for your viewing pleasure

http://www.youtube.com/watch?v=yC1fXxQdOZc...ure=uploademail

Also, another video on how your rounds are minted

http://www.edrsilver.com/s/silvered.asp?ReportID=478846

Whilst it is true that we must be careful with what we write especially if it is a statement of fact, most readers would also aware that they are responsible for their own action. I will not take other people word as gospel.

The term caveat emptor which means "Let the buyer beware" has been used over and over again in the context of law. In our case, it may even apply to selling, not just buying.

On a lighter note, i just got my hands on my first Panda 2011, the finishing and craftsmanship is truly magnificent. The temple of heaven really look 3D and the pandas and bamboo, just simply beautiful. Didnt mind paying the extra premium for it - but just one piece though - for personal collection and enjoyment.

Ghee, am i turning to be a silver bug or bitten by one?

This post has been edited by chrischin: Dec 2 2011, 09:45 AM

Hey guys, we are here to share information and help one another, not win argument.

Some people prefer chinese food while others prefer western. But we still can sit down together, enjoy our food and have a pleasant chat.

I, for one, would only invest in bars but i also buy coins for the beauty of them. As for now, i think bar could be a better investment, but i could be WRONG. Only time will tell. Who knows, maybe coins (with legal tender) may yield a better return in the future? Only time will tell. I make my current investment decisions based on the (limited) knowledge that i have at this point in time. And that knowledge can only expand with time and experience.

You know, i always think gold is better than silver. I still think so and that affects my investment decisions. Again i could be DEAD WRONG HERE. If gold triples but silver jump up ten folds, then i wish i had taken a different view.

At the end of the day, I looked at my risk profile and also my investment portfolio and i make a decision to have such and such gold to silver ratio in my portfolio and i am happy with it. But this is an ON GOING PROCESS as i always review my portfolio on a periodic basis. That ratio IS be a Dynamic figure/ratio not a static one i believe.

This post has been edited by chrischin: Dec 2 2011, 07:46 PM

Hey guys, some great posting here .... thought i will write something before going for my workout.

One of my mentor mentioned this to me and i think it make sense. So i will share it here.

If you wanna buy gold, you can buy it anywhere in Malaysia. However, if you wanna buy silver, you have to search high and low, and still not find it! He said, today, silver may not be popular here, but it may get more popular in the future.

My take is ... IT (Silver) WILL. It is heartening to see that we already have a few local authors writing about silver. If you look at Popular Ad yesterday, they have a new book written by Dr Kong (or something). I went to Popular to look for the book just now. Unfortunately, they dont have that book at that branch. In place, is ANOTHER book on silver written by Ian (something, local chinese lad). So, that is 2 books. And i think there is also another book written by the young Jonathan guy. So, in a short period, we have 3 books written on silver, perhaps more, i am not sure.

As silver investment gets more and more popular in Msia, perhaps not to far in the future, there maybe shops sprouting in town selling it (hopefully). (i think Annuar or something is planning to open a shop in Shah Alam this month) And you guys, who have been investing in it so much earlier, MAY benefit the most.

My personal take, something that is not popular now may not stays the same, everything changes and evolve, so does mankind.

Happy stacking ..... (if i am worried about disposing it within the next 2 to 3 years, then i will be sweating a bit more).

This post has been edited by chrischin: Dec 3 2011, 08:38 PM

Fully agreed with you there Chef. I personally will ONLY deal with people who honor their words. If cant honor the deal, unlikely will get another in my books.

Hi guys, Merry Christmas and a Happy New YEar to all ...

I wanna discuss the Gold Silver Ratio with you all,

I always hear / read that historically gold to silver ratio has been 12:1 / 15:1 etc and etc.

Jonathan's in his book Why gold, why silver says, "for the first 2000 years the average gold silver ratio has been 12 to 1".

I am not sure what he meant by "the first 2000 years".

Looking up at wikipedia, this is what i got -

The gold/silver ratio is often analyzed by traders, investors and buyers.[4] In Roman times, the ratio was set at one to 12 or 12.5.[5] In 1792, the gold/silver ratio was fixed by law in the United States at 1:15,[6] which meant that one troy ounce of gold would buy 15 troy ounces of silver; a ratio of 1:15.5 was enacted in France in 1803.[7] The average gold/silver ratio during the 20th century, however, was 1:47.[U][SIZE=7][8] The lower the ratio/number, the more expensive silver is compared to gold. Conversely the higher the ratio/number, the cheaper silver is compared to gold.

So, in today's time, what ratio should i be looking at (without taking into consideration the amount of silver above ground) to determine if silver is cheap or expensive in relation to gold.

PS : IS this the appropriate place to discuss this here or in the Gold thread? I very much prefer to do most of my discussion here in the silver thread - which i refer to as my home for precious metal (although i am more bias towards gold).

PSS : an article related to the above
http://seekingalpha.com/article/298288-gol...ing-opportunity

This post has been edited by chrischin: Dec 25 2011, 10:42 AM

Hey guys,

Finally i found a chart dating back some 600+ years for gold silver ratio. The chart shows that from 1344 to early 1800, the ratio is somewhat fixed at 15 : 1. It is until 1850 (there about) when the US (i believe) demonetized silver, that the ratio began to spiral up to the mid 40s to 1. and thereafter, the ratio has been fluctuation between that level and even as high as 153 in the year 1939.

http://goldinfo.net/silver-600.aspx

I always wondered why people like Mike Maloney always says that historically, the ratio was 15 to 1. Alas, i found the chart showing the ratio.

The chart below shows the gold-to-silver ratio since Nixon abandoned the gold standard in 1971. The average ratio during this time was 57.85. Currently, the ratio is at 55.01. Assuming the average ratio over the past 40 years is appropriate, today's gold and silver prices are at relative fair value.

http://seekingalpha.com/article/315972-the...-and-200-silver

This post has been edited by chrischin: Dec 27 2011, 09:10 AM

That might look like one big truck there

Oh hi Alex ..... you certainly look different here ..... nice to meet u

Guys, we were discussing paper vs physical recently. I read an interesting article below and i thought i share with you all. You can also go to his website to look at his other postings.


TPTB Are Screaming at The Top of Their Lungs – Get Out of Paper!
Posted: December 30, 2011 in Uncategorized
Tags: "alex jones", "bart chilton", "bill murphy", "bix weir", "bob chapman", "end the fed", "gary gensler", "goldman sachs", "harvey organ", "hedge funds", "Jason Hommel", "jim willie", "JP Morgan", "Max Keiser", "position limits", "ron paul", "Short Squeeze", "ted butler", apmex, bernanke, BIS, bubble, bullion, cftc, Conspiracy, default, forex, gata, godlike, gold, hyperinflation, inflation, manipulation, ows, patriot, pensions, qe3, Rockefeller, roota, Rothschild, rumor, sec, Silver, tulving, wallstreet, wikileaks, zerohedge
14

No, this is not another Lindsey Williams interview. If you don’t know who he is then by all means take a listen. This is an attempt to make you understand how “they” think. Believe it or not, “they” have a moral code. They think of themselves as good people. And they are warning you, and have been warning you for quite some time now, that if you want to preserve your wealth, and escape what is coming, you need to get out of paper now.

Yes they believe they are superior to you. And yes, they believe you are sheep. But if they clearly warn you about what is coming and you refuse to listen, that is on you. That is their moral code. Is that good? Of course not, but the fact remains that in their relativistic universe, they have fulfilled their moral obligation to you by warning you of what is coming.

So how have they warned you? I am going to cover 4 key events. These are by no means the only events where they have done this, but they are crystal clear warnings about what is soon to transpire. They are in chronilogical order:

The Bear Sterns bankruptcy
The GM bankruptcy
The May flash crash
MF Global

Let’s examine each of these events and what message is being sent by them. Just as you, I lived through these events. I got the message they were sending loud and clear. The question is did you? Please research these for yourself because I am going to go strictly from memory.

The Bear Sterns bankruptcy

In March of 2008 silver was approaching a 27 year high. Bear Sterns was THE key short in the paper silver game. On that Thursday BSC dropped to 60 dollars a share. On Friday it dropped to 30. Over the weekend the fedheads met and arranged for the bankruptcy. Monday morning they “announced” it would open at 2 dollars per share. That is what happened and it is indisputable, but what does it mean? It means this:

Markets do not set the price of stocks, the feds do!

The GM bankruptcy

When GM announced their bankruptcy in June of 2009, bond investors waited with baited breath to see what the assets would be sold for. But the assets were never sold. Instead, the government overthrew 200+ years of contract law and stiffed the senior bondholders. Instead of selling off the assets and paying off the first in line, the rules of contract law were unceremoniously tossed in the trash. It means this:

Bonds are worth what the government says they are!

The May flash crash

On May 6, 2010 the DOW dropped 1000 points in a matter of minutes and then recovered 1000 points minutes later. Many stocks went to a price of zero. Soon after they were back to pre-crash price levels as if nothing had ever happened. No account was ever given except that some obscure brokerage, Waddell and Reed was to blame. It means this:

All paper can go to zero in an instant!

MF Global

On Monday October 31, 2011, MF Global filed for Chapter 11 bankruptcy protection. All customer funds and positions were frozen immediately. To this day, customers of this futures brokerage are still waiting for their “segregated” funds to be returned. Neither the CME group or the CFTC jumped in to backstop the monies, even though they had plenty of funding to do so. It means this:

No customer brokerage funds are safe from outright theft!

Sheep. Are you listening to the message the elites are screaming at you?

Markets do not set the price of stocks, the feds do. Bonds are worth what the government says they are. All paper can go to zero in an instant. No customer brokerage funds are safe from outright theft. These are the messages they are sending you. Physical silver and gold are the only assets that will protect you from what is coming. But are you listening?

BrotherJohnF 12/30/11