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 Silver as investment V2, Don't cry, buy now.

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jayjay
post Feb 29 2012, 12:16 AM

Jay Tiew Jin Jie
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Any idea where should I create a thread?
Plan to sell some silver collectibles icon_rolleyes.gif

In pictures: 10 Commandments Silver bar
Attached Image


Attached thumbnail(s)
Attached Image
jayjay
post Feb 29 2012, 09:33 AM

Jay Tiew Jin Jie
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thank you so much notworthy.gif
jayjay
post Mar 2 2012, 05:46 PM

Jay Tiew Jin Jie
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QUOTE(tiramisu83 @ Mar 2 2012, 04:10 PM)
currently public gold selling siler bar in 100g,250g,500g and 1kg..hmm..worth to buy?
*
i bought a few
seems like it is the best channel to acquire physical silver bar smile.gif
jayjay
post Mar 2 2012, 10:21 PM

Jay Tiew Jin Jie
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ready buyer ready seller
anytime u want to realize the gains/losses, any Public Gold agent will do + nationwide branch

I guess it will be a while before we can sell off the silver bars to Poh Kong and gang at a 'nice price'

just my 2 cents
jayjay
post Mar 3 2012, 03:10 PM

Jay Tiew Jin Jie
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QUOTE(tiramisu83 @ Mar 3 2012, 03:05 PM)
Hi, may I know u bought at their office or from agent?
*
agent icon_rolleyes.gif
jayjay
post Mar 8 2012, 09:56 AM

Jay Tiew Jin Jie
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mike maloney: 'if you can't hold it, you don't own it'
jayjay
post Mar 11 2012, 12:11 PM

Jay Tiew Jin Jie
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From: Seremban/MMU Melaka


Coin has "2 parts of cost"
Part 1: Silver Value (Increase during crisis times)
Part 2: Art Value (Increase during good times)

my opinion:

During normal/good times: Silver Value neutral/increase, Art Value increase
During crisis: Silver Value increase, Art Value decrease

if you want to speculate in rising prices of silver during normal times
Get coins with higher art value (limited edition Panda/Dragon)

if you want to preserve your wealth, just get silver bar or government minted coins (America Silver Eagle)
silver bars have the least art value, which means for the same amount of $ you pay, you get more amount of silver.

This post has been edited by jayjay: Mar 11 2012, 12:13 PM
jayjay
post Mar 11 2012, 12:15 PM

Jay Tiew Jin Jie
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From: Seremban/MMU Melaka


QUOTE(jeenhao @ Mar 11 2012, 12:12 PM)
Thank you for your suggestion!

So can  say that, for long term investment, it's better to get silver bar?
*
i wont call it investment, just insurance or wealth preservation
ya, I am using silver bars for that purpose.
Also get those 100g or 1oz ones.

Small quantity makes it easier to sell (either to dealer, or to end user)

Attached Image vs Attached Image

If you are holding only a 1kg bar, you won't know when to sell.
When the price is high, 1kg bar will be too expensive for 'normal people' to buy.
Less potential buyers= less demand = lower price
icon_rolleyes.gif

This post has been edited by jayjay: Mar 11 2012, 12:21 PM
jayjay
post Mar 11 2012, 12:46 PM

Jay Tiew Jin Jie
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From: Seremban/MMU Melaka


QUOTE(chicharitos @ Mar 11 2012, 12:28 PM)
I was just wondering if there is anyone here invest in junk silver?
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u mean those 90% silver coins?
jayjay
post Mar 11 2012, 04:01 PM

Jay Tiew Jin Jie
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QUOTE(jeenhao @ Mar 11 2012, 03:31 PM)
1oz rounds or bars?


Added on March 11, 2012, 3:59 pmAnother thing... Does buying and selling of silver products taxable? Do we have to pay taxes?
*
just declare and pay if u want
else, nobody will question

precious metal investment is very private and out of normal financial rules
jayjay
post Mar 12 2012, 08:26 PM

Jay Tiew Jin Jie
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silver trading spread (Buy and Sell difference) is very high in Malaysia
even public gold is 12-16%

Goldsilver.com is 5.5% - 9%

for our silver to have net profit, silver must appreciate 20% in price doh.gif
jayjay
post Mar 13 2012, 11:37 PM

Jay Tiew Jin Jie
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Senior Member
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Joined: Jan 2003
From: Seremban/MMU Melaka


QUOTE(jeenhao @ Mar 13 2012, 09:29 PM)
As for beginners, what silver rounds or bars are recommended to be purchased? Prefer 1oz bar/round... Which one is a good start?


Added on March 13, 2012, 11:07 pmBtw, anyone has this?

user posted image
*
Rich Dad Silver Round laugh.gif
jayjay
post Mar 19 2012, 09:44 PM

Jay Tiew Jin Jie
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QUOTE(chunyen2020 @ Mar 19 2012, 08:53 PM)
IMO, pamp suisse 1oz bar are not meant for investment, it's rather a collectors item.
Premium for the 1oz bar is too high, but its 1kg silver bar are quite affordable and the premium is quite reasonable.
Other normal bars such as scottsdale, sunshine, apmex and etc are more lower in premium.

For sellers, you can refer to page 1.
*
have to disagree here

Here is my take on rare item vs high premium mass silver vs low premium mass silver silver investment

Rare Item: Numismatic coins, collector coins, limited edition coins (keyword: limited in production quantity)

High Premium: More expensive to buy per Oz. Mass produced. Internationally branded and well recognized.
Examples: Generally any 999 silver coin (America Silver Eagle, Pamp Sussie Bar)

Low Premium: Cheapest way to buy silver, mass produced with little/no artistic value
Examples: Any silver bar, any silver round (1kg bar from Public Gold)

Click to view table
Attached Image

This post has been edited by jayjay: Mar 19 2012, 10:56 PM
jayjay
post Mar 19 2012, 10:43 PM

Jay Tiew Jin Jie
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Senior Member
1,720 posts

Joined: Jan 2003
From: Seremban/MMU Melaka


for us to buy America Silver Eagle in Malaysia = more expensive than buying normal silver rounds, normal silver bars

thats why i put ASE as 'high premium' icon_rolleyes.gif
jayjay
post Mar 19 2012, 10:55 PM

Jay Tiew Jin Jie
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Senior Member
1,720 posts

Joined: Jan 2003
From: Seremban/MMU Melaka


QUOTE(chunyen2020 @ Mar 19 2012, 10:53 PM)
Yeap, because of the tax issue.
Pamp LF is around RM15X and ASE is around RM13X.
LF are high premium la.. haha tongue.gif
*
oppss, better change now blush.gif
jayjay
post Mar 20 2012, 09:28 PM

Jay Tiew Jin Jie
******
Senior Member
1,720 posts

Joined: Jan 2003
From: Seremban/MMU Melaka


QUOTE(Freakia @ Mar 20 2012, 09:24 PM)
Gonna get my very first silver bar soon =) excited~
*
wat bar is that?
I bought another Public Gold 100g yesterday
tomorrow supposed to receive my ASE from Silvergoldmalaysia.com

icon_rolleyes.gif

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