exchange rate should be spot rate 3.21 + +/-0.05 = CIMB bank TT rate.
anyone know which bank has the lowest rates?

so each coin would be around RM164.
if sell at RM190, that would be around 16% markup.

CIMB & Maybank TT fee is RM10 only not so expensive as RM40 (which bank is this?).
You can check their foreign exchange rates on their website.

my first shipment from apmex paid on 30 sep, 25 wolfs and 10 apmex bar.
got sms from fedex this morning ask me wanna pay duty or not.
after some calculation then realize they calc duty on both items.
just called fedex and told them only 1 item is taxable, the bar is not taxable.
not sure if custom already holding my items or fedex asking me before hand.

the lower the better within the next few weeks.
but if it drop little by little, buyers will feel silver is a depreciating asset and stop buying silver.

Yes, all for sale. Wait the item arrive first, then I set the price.

That's the coin but this link show the proof version which is more expensive?

yes only 1oz is limited.

This post has been edited by getsmart: Oct 7 2011, 11:43 AM

my shipment has arrived this morning, within 7 working days.
fedex guy only accept cash or cheque for the duty, about 600++ which is 15% of the canadian wolfs.
no choice have to rush to atm to get money to pay the fedex guy.

Please clarify what did you argue about with the custom officer?
Did you import some silver coins that should have 15% like eagles/maples and then argued with custom that they are not taxable?
I for one would like to know how, if that is indeed what you did.

In my case yes. Just paid cash to the fedex delivery guy.

Anyone want Canadian Wolf? Comes with no airtite. Sold out again at apmex.
RM220/oz only. PM me to nego.
Check out my signature.

Lowest i saw is RM390 in SLS.
Doubt you can get $350.
You do the math: $99 x 3.2 x 15% = RM364 already not including shipping charges and profit margin.

This post has been edited by getsmart: Oct 12 2011, 12:24 PM

What your goal or objective in bulk buy?
- lower price per oz? how much lower? RM5? Don't forget you need to pay the middle man maybe RM5 also.
- save on shipping cost? metal is heavy can't save much.
- don't know or don't want the hassle of importing from oversea?

Not referring to anyone in particular. Just a question for everyone who wants to bulk buy. Coz I don't see the point.
Give a real example where you can save with calculation.

again, give real example.

here's my point:
let's say i want 20oz apmex bar and we bulk buy 400oz

Shipping charge for 20oz: 49.95 + 5 = 54.95 or 2.75/oz (not possible as apmex minimum purchase is $1500)
Shipping charge for 50oz: 49.95 + 12.50 = 62.45 or 1.25/oz
Shipping charge for 400oz: 49.95 + 100 = 149.95 or 0.37/oz

Savings from shipping charges (20oz): 2.75 - 0.37 = $2.38/oz
Savings from shipping charges (50oz): 1.25 - 0.37 = $0.88/oz

Price for 20oz / 50oz apmex bar: 35.02/oz
Price for 400oz apmex bar: 34.02/oz
Savings from bulk purchase: 35.02 - 34.02 = $1.00/oz

Savings from CIMB TT (20oz): RM10 or RM0.50/oz
Savings from CIMB TT (50oz): RM10 or RM0.20/oz

Total savings (20oz): = ($2.38 + $1.00) * 3.15 (CIMB TT rate) + 0.5 = RM11.15/oz
Total savings (50oz): = ($0.88 + $1.00) * 3.15 (CIMB TT rate) + 0.2 = RM6.12/oz

How much do we pay the middle man? Let's say RM5/oz
Total savings (20oz): = RM6.15/oz (we need 400/20 or 20 ppl to join)
Total savings (50oz): = RM1.12/oz (we need 8 ppl to join)

Now the last question is got anyone want to be middleman or not?
Indirectly you will be competing with him unless you all buy to keep and have no intention of selling?

You are looking for 100oz bar? Bulk buy can save you $0.10/oz if buy from apmex.
Calculate yourself how much you can save on shipping.
I think you are just looking for others to share your shipping cost right?
Very little premium you can pay for middle man actually.

This post has been edited by getsmart: Oct 18 2011, 02:43 PM

OK, that's a good objective.
But bear in mind SLS prices can change overnite. I tot i saw silver bars selling for RM125.

I don't think bulk buy, pre-order and ask for big volume importer to help will work.
What i'll probably do once i sold all my wolfs, is create some sort of wish list where buyers note how many bars they want.
Once i those bars arrive i will contact those on the list and sell at cheap cheap price.

If buyers FFK, then what to do, i will not sell at cheap cheap price next time.
Which is probably why SLS ppl are selling at those prices.
Time is money. The faster I can sell, the cheaper I will sell it.

Yes chef, now i remember.
A facebook post/docs or google forms will do.
No need so high tech stuff

Where else can you get a silver coin for RM25 (2.975g)?
Is there a 1/10oz (3.11g) silver american eagle coin?
I'll buy only 1 dirham, coz it's low value and it's actually accepted by some shop.
Not sure how to sell back to KGT or what is the spread between buy and sell price.

This post has been edited by getsmart: Oct 24 2011, 10:53 AM

Other country won't charge you.
They will charge the buyer.