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

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kh8188
post Feb 12 2012, 10:27 PM

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Hi guys,

I am KH and I have recently setup a webstore for silver. We are a small family based company, new in running online business. Please visit our store and tell us what you guys think. Your feedback is highly appreciated.

My webstore address is: https://buysilvermalaysia.com

Cheers! smile.gif
kh8188
post Feb 19 2012, 09:22 PM

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QUOTE(BTCH @ Feb 19 2012, 09:06 PM)
Great ebook!! Congrats and thanks!  thumbup.gif
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Just noted that you've launched your ebook. Congrats!
kh8188
post Feb 23 2012, 09:31 AM

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QUOTE(hanzyms @ Feb 22 2012, 05:49 PM)
is there any silver investment account like the gold account in maybank?
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Short answer to your question: NO.

The nearest bank to offer this is UOB bank, in Singapore smile.gif


Added on February 23, 2012, 9:39 am
QUOTE(kei18kun @ Feb 22 2012, 10:15 PM)
why bother, not interesting here anymore. another great news for singaporeans is the gov might abolished the 7% GST
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While Singapore is going to abolished the 7% GST, this doesn't mean much to gold and silver investor in Msia as we Malaysian gets to enjoy zero tax for all gold and silver bars (expect for silver coins with legal tender -15% tax)!

smile.gif

This post has been edited by kh8188: Feb 23 2012, 09:39 AM
kh8188
post Feb 23 2012, 10:53 PM

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QUOTE(Pedagang Dirham @ Feb 23 2012, 07:30 PM)
Guys and Gal,

Ever heard on the intelligent saving plan with Dirham??

Buy and entitle 18% dividend from the value purchase.

A lot more easier then trading in silver day by day.

www.pedagangdirham.com
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I think we had this in the previous thread, debating on saving plan with precious metal that generates dividend. As far as I am in concern, precious metals investment does not generate interest or dividend. If they does, bank would be the first to offer it and not geneva.
kh8188
post Feb 23 2012, 11:14 PM

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At 18% dividen, that's better than investing in any mutual funds. even mutual funds that are linked to precious metals can't promised that. 18% is just too good to be true. I am smelling something fishy here - a new member posting an entry of 18% return itself is fishy.

This post has been edited by kh8188: Feb 23 2012, 11:15 PM
kh8188
post Feb 24 2012, 08:17 PM

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QUOTE(Pedagang Dirham @ Feb 24 2012, 08:08 PM)
Dear all,

The Dirhams are sold at

1 World 10 Dirham = RM 268
Dragon Coin          = RM 388

You will get the physical Dirham when you purchase. YES our "Intelligent Savings plan" are giving out 18% dividend on the purchase value per year. Which means you have to purchase and keep the Dirhams for a year.
We are linked to the Singapore Precious Metals Exchange. YES our program are the the first in the world with Dirhams. Bank will never give you the physical to keep. That is only the paper silver or gold. Unless you purchase the physical yourself.
*
how much is the premium above spot for the 1 world 10 dirham and dragon coin?
kh8188
post Feb 25 2012, 10:35 PM

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QUOTE(Pedagang Dirham @ Feb 25 2012, 03:31 AM)
That's the best part. . . We don't even need to focus on the DMA, Premium, Spread and daily graph monitoring....
BUY. . . LEVERAGE. . . and REDEEM . . . That's all.  biggrin.gif
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Dear Pedagang Dirham,

To be a sound investor, we must know the logic behind the high 18% dividen. Buying a property with an established developer will probably gives a maximum of 9% return per year rental for like 3-5 yrs. Not only that, the entry outlay is high. In comparison, ain't buying a RM268 coin with 18% dividen makes much more sense than investing in a property? This suddenly dwarfed those property developers. hmm.gif

Now again, if that's true - why ain't our KWSP investing in it? We only get 6% dividen from KWSP last year - and was congratulating each other on the high return. 18% is THREE TIMES more than that! This again makes KWSP 6% a tiny mushroom, don't you think?

My say is, this is too fishy to be true my friend. Be really careful. whistling.gif
kh8188
post Feb 26 2012, 01:20 AM

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IHMO:

The basic rule of investing in Precious Metal is we must understands it does not generate returns. The only way to make money out from it is by capital gain - buy low, sell high. You could do some creative accounting on top of it but I guess that's another topic to discuss.

Nevertheless, a gold or silver just sits in your safe deposit box. You cannot use it, rent it or grow it. With that, there is no return.

Pedagang Dirham may correct me if I am wrong.

Thanks.


Added on February 26, 2012, 1:24 amOn another note, you can buy 1 world 10 dirham from postme.com.my at this link:

http://www.postme.com.my/hariraya/hampers-...lver-round.html

What makes buying the same dirham from pedagang dirham more intelligent than others?

This post has been edited by kh8188: Feb 26 2012, 01:24 AM
kh8188
post Feb 26 2012, 09:35 AM

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QUOTE(property101 @ Feb 26 2012, 08:52 AM)
it was traded for RM 300 (or more) last year.
thanks kh8188 for sharing the link. as we know postme.com.my might not offers the best price in market.
i'm sure we could easily find cheaper price if were to buy it from individual sellers. the price could be anything around RM230-249. (maybe even lower?). how about buying directly from World Islamic Mint? if we could buy 1 world dirham for a price BELOW RM 250, what makes it intelligent for buy it for RM 268?

another point is, if one looks at the price chart for 1 world dirham, it does not directly linked to silver spot price. something that needs to take deeper understanding on "how it works" before you want to allocate your hard earned money into it:
http://islamicmint.com.my/chart.php
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Good point there. The idea for dirham and dinar is to have an international standardized exchange system based on a fixed weight of precious metals. However it is slightly tricky as the definations varies for the weight. "Modern determinations of weight range from 4.25 grams to 4.45 grams of gold, with the silver Dirham being created to the weight ratio of 7:10, yielding coins from 2.975 to 3.15 grams of pure silver." - http://en.wikipedia.org/wiki/Islamic_gold_dinar

Also, I have yet to understands how is the value being calculated. We are used to trade gold & silver based on COMEX which is generally, USD. Dinar and dirham on the other hand may have their own set of formulas.

1 world dirham is made from the same maker of 2011 Andean Cat and 2011 Macaw .99999 Pure Silver coins - Royal Silver Mint of Panama/Bolivia. The official sole distributor for it is by SG Net which is based in Singapore. It is then distributed to Malaysia via MyNET Capital - http://www.mynetcapital.com

PostMe and CIMB are 2 official channels that you can buy from MyNet Capital. Otherwise, you can opt to buy from their singapore based webstore which in generally, cheaper than RM240 - http://www.sgnetbullion.com/products/10-di...99999-fine.html
kh8188
post Feb 27 2012, 12:53 PM

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QUOTE(Pedagang Dirham @ Feb 27 2012, 12:39 PM)
If you save your money at any FD accounts bank with the given rate, will the bank explain all the investment 100%?


Yes, they do. Firstly, bank's accounts are aditted and publicly displayed. Also, bank is being governed by Bank Negara and all FD rates offered are standardized nationwide. FD is probably the last thing you would want to compare for your 18% dividen. In comparison, it is better to compare it with EPF which generates only 6% last year. For that, EPF has to publish a book thick of auditted accounting for justification.

Back to your 18% dividen. How would the justification made? Also, if my memory serves me right, it is not legally right to offer dividen without the approval of bank negara. Can you comment on this?

Cheers.
kh8188
post Feb 28 2012, 11:48 AM

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QUOTE(jphlau @ Feb 28 2012, 11:31 AM)
Thanks for the sharing. Anything that runs on scheme is basically selling ideas for new money, which is then used to pay the old interest. Left pocket in, right pocket out. It is all fun until the music stops. Those at the bottom of the food chain will be slaughtered.

Scammers use all sort of products/assets/ideas as collateral for their fundamentals. We have already gold, land banks, bird nests and you-name-it. Dirham is just another fundamental used to build their multi-millions scam stucture.

So yea, Kenapa Masih X Faham?
kh8188
post Mar 3 2012, 11:23 AM

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QUOTE(property101 @ Mar 3 2012, 12:01 AM)
if it is true that ready buyer and ready seller, that means buyer can easily convert his silver to cash - which is good. but i'm not sure if this is a tested fact or just an assumption or what the agent said?

the only reason i feel a little reluctant on silver from public gold is the premium over spot price. one could get the amount of silver at a lower price in other internationally recognized brand.
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It is the premium you pay for convinience. If you are ready to work on it abit, you can save on the above spot premium as well as the selling out spread.

All the best in your silver investment.

Cheers.
kh8188
post Mar 4 2012, 09:24 AM

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QUOTE(lesboutons @ Mar 4 2012, 08:19 AM)
are many people jumping on the silver train because they missed the gold one?
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The fundamental for silver is better at some point. However, silver is under develop in Malaysia thus, in general, Malaysian buys more of gold instead of silver. It is easier to buy and sell gold in Malaysia comparing to silver. Silver on the other hand, would require you to do more research. Also, comparing to gold, silver is cheaper to own.

I hope this helps.

Cheers.
kh8188
post Mar 5 2012, 09:47 AM

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QUOTE(Pedagang Dirham @ Feb 24 2012, 08:08 PM)
Dear all,

The Dirhams are sold at

1 World 10 Dirham = RM 268
Dragon Coin          = RM 388

You will get the physical Dirham when you purchase. YES our "Intelligent Savings plan" are giving out 18% dividend on the purchase value per year. Which means you have to purchase and keep the Dirhams for a year.
We are linked to the Singapore Precious Metals Exchange. YES our program are the the first in the world with Dirhams. Bank will never give you the physical to keep. That is only the paper silver or gold. Unless you purchase the physical yourself.
*
From yesterday's newspaper:

QUOTE
Beware of hard-sell tactics, warns SSM

KUALA LUMPUR: Investors in interest schemes should be wary if an operator appears too eager to close a deal.

Companies Commission of Malaysia (SSM) legal services division director Mohamed Sufyan Mohd Mokhtar said many illegal interest scheme operators often used aggressive marketing strategies, such as treating their potential “marks” to dinner or high tea at a posh hotel and preventing them from leaving before they commit to an investment.

“Sometimes, support letters by dignitaries or celebrities are used to lend credence to the operator,” he added.

“In many cases, we have noticed that the dignitaries or celebrities were not fully apprised of the details of the scheme, or were unaware that they were being associated with the scheme,” Mohamed Sufyan said.

From its investigations, SSM found that some illegal interest scheme operators applied for personal loans and credit cards on behalf of potential investors.

“When the scheme fell through, the investors were often left with credit card debts and loans to repay,” Mohamed Sufyan said.

Other warning signs include claims that the scheme is able to generate unrealistic returns.

Schemes offered by private limited companies and businesses (sole proprietorships or partnerships) should also be rejected.

“Only public companies are allowed, by law, to offer interest schemes,” Mohamed Sufyan said.

SSM, meanwhile, is continuing to educate the public on interest schemes.

It has conducted 193 awareness programmes since 2010.

Although the programmes has helped to alert the public, Mohamed Sufyan said in many cases it still boils down to the desire of individuals to make money in the shortest time.

http://thestar.com.my/news/story.asp?file=...1988&sec=nation

Please do your own due diligence before investing. All the best with the 18% "Intelligent Savings plan".
kh8188
post Mar 5 2012, 11:05 AM

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QUOTE(property101 @ Mar 4 2012, 07:45 PM)
nice to have kh8188 here, always giving good advice and sharing informative knowledge  rclxms.gif
Thanks. It is my pleasure to share icon_rolleyes.gif
kh8188
post Mar 6 2012, 10:40 PM

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QUOTE(property101 @ Mar 6 2012, 08:18 PM)
wow...crazy rush for dragon is back!
*
I still think it is over hyped.

Btw, silver @ RM100/ozt now smile.gif
kh8188
post Mar 7 2012, 08:50 PM

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QUOTE(prophetjul @ Mar 7 2012, 10:11 AM)
Sorry should be $26.15, not $20.15........  sweat.gif
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From a distributor point of view, while $26 is great, it is also painful for tiny distributors like me as I have to still continue selling while biting my teeth. I would prefer a more steady price instead of these violatile up and down. Small up & down are good, they provoke healthy sales. Big waves are not really good be it up or down. Huge dip are bad for my already weakening heart. haha.

All the best in your silver investment, cheers smile.gif


kh8188
post Mar 11 2012, 10:00 AM

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QUOTE(jeenhao @ Mar 10 2012, 11:05 PM)
Hi everyone,

I have some questions and doubts about silver as investment...

The price of silver now is around 35USD/oz... So if I convert into RM, it shall be RM110 +/- per oz.

However, I take a look at the price of those silver rounds and bars, they seem "overpriced". I know there must be reasons but I don't know what's the reason.

It's like, 
1 oz silver American Eagle Round cost around RM130...
2oz Perth Mint 2011 Lunar Rabbit Silver Coin cost around RM350
2oz Perth Mint 2012 Lunar Dragon Silver Coin cost around RM550

It seems that these silver rounds are not sold according to the price of silver per oz. Can anyone explain why? And which one is more worthwhile to invest? How will the value of those rounds become when the price of silver goes up? Eg: Will 2oz  Perth Mint 2012 Lunar Dragon Silver Coin worth more than 2oz Perth Mint 2011 Lunar Rabbit Silver Coin when the silver price shoot up?

Can someone please explain? Thanks  notworthy.gif  notworthy.gif  notworthy.gif
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The price you see is COMEX price, which is price of FUTURES. It is the asking price for BULK, RAW and UNPROCESSED silver. It is used as a fundamental for silver price. Then, add in overheads such as mintage, tax, packaging, shipping, security, workforce, branding, food and the whole lot, you get your final end product price. Some coins are more expensive than the others due to the low mintage or in another word, collection value. The recent hype is on 1oz dragon which can go up to RM350-RM400 for 1 oz, a price which you could probably get 2 coins of other kind. Rabbit lunar is asking for high price because it is no longer in production - thus, a collection premium.

Also, some brands are noticable more expensive than the others, like the royce rolls of silver, PAMP.

All the best in your silver investment.
kh8188
post Mar 11 2012, 11:00 PM

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QUOTE(GoldChan @ Mar 11 2012, 09:47 PM)
agreed. most people are no buying junk silver. even though i myself like it very2 much especially the 10 cent dime 90% silver.


Added on March 11, 2012, 9:50 pmthere are kiasu investor out there who want
1. Low premium.
2. Must got brand + certificate.
so 1 kg PAMP fit their investment demand.

Let them figure out how to sell when the day comes, at the moment they will just buy 1 kg.
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Yes. I too occasionally have customers on 1kg bars. These are usually professionals - like doctors, high management and some business owners. I would advise them to cap it at 10oz instead. Some take the advise, some don't.
kh8188
post Mar 12 2012, 10:31 PM

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QUOTE(dkhau @ Mar 12 2012, 08:49 PM)
new in here.....interest in silver also....price keep going up...
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Hi dkhau. For some seasonsed investors, the price seems like "keep going down" instead. This is especially true for those go went thru the roller cost of 48 down to 28.5 then up 37 before going down again at 26.

welcome to the roller coster style of the silver bullet smile.gif

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