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

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magpie9
post Oct 3 2011, 08:16 PM

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I start to realize that the main reason that silver price is very much volatile is there's only 15% of silver investors compared to 85% silver consumers in the world.

Silver if were to recognized as a safe haven, there has to be a more silver investors than consumers ... another problem is the margin traders out there, who purely goreng goreng and make the price so volatile sad.gif

However, im still having faith and still keep buying on dip ... we have to attract more ppl to become investors than pure consumers smile.gif
magpie9
post Oct 3 2011, 09:34 PM

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QUOTE(jian5481 @ Oct 3 2011, 04:53 PM)
Well, browsing back previous thread, someone stated it's arnd USD100. So assuming shipping 20pcs of Panda costs USD100, current price is < USD 39.50.

Not too sure bout the calculation, correct me if i'm wrong.

(39.50 * 20pcs) + 100 = USD890

If including tax, I assume only the 15% tax doesn't include the shipping fee, it will be USD118.50

Current exchange rate is 3.21, so:

890 + 118.50
= 1008.50 * 3.21
= RM3237.29

Each coin would be RM161.86?

Not sure if there are any resellers selling 20pcs of 2011 Panda @ RM161.86/pcs
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I think you need to add USD 25 and RM 40 (both their bank and your bank) bank wire fees as gainesville currenly only accept bank wire from Malaysia.

Today's exchange rate should be 3.24 d smile.gif
magpie9
post Oct 7 2011, 07:09 PM

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looking back at most of the threads, i think most of us are a bit off track d as in buying silver as a long term investment to curb inflation ...

it looks more likely that all investors have turned into collectors rclxms.gif that include me as well blush.gif

if we're real investors, we should be buying more eagles, maples and philharmonic because of its low premium and not trying to get a dragon at RM400 per oz doh.gif

but somehow once you're into silver, i think variety is a must d ... i personally like to have all sorts of design, feel excited and happy to see the collection growing smile.gif

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