anyone know where to check the pre-releasing perth mint coin schedule?

Folks, I had wrote email to Perth Mint, and you want to do the same so that we don't have to pay the Fedex shit bill when we buy from Perth Mint.
Dear Pauline and Customer Service Department,
I am now a regular customer of Perth Mint that order one or twice per week, but I decided to stop the purchase as I wanted to report a totally unfair scenario of cost incurred by Fedex. I received my Mayflower 2012 yesterday, and I was made to pay RM105.80 for the supposed 5% Import Tax and 10% Sales Tax + Tax Clearance Service, eventhough Perth Mint gave FREE shipping for any purchase exceeding AUS $. The following is the breakdown of the cost to import one 1oz silver coin from Perth Mint into Malaysia if Perth Mint continue to Fedex.

Cost Distribution of Perth Mint's coin              AUS $  MY RM    % Cost
Mayflower 2012 1oz silver proof coin            97.27    308.45    74.5%
Malaysa's Import Tax 5% & Sales Tax 10%                47.81    11.5%
Fedex Service Fee for Tax Clearance                          57.99    14.0%
Total Cost of Mayflower 2012 Coin                            414.25    100.0%



I am active in a Silver as Investment Thread in the famous Low Yat Forum in Malaysia, and I had being constantly hearing forumers' frustration of Fedex, used by Perth Mint. They constantly prayed that Perth Mint will used Australian Post for their shipment. I don't prayed, I am writing to Perth Mint to use Australian Post instead of Fedex on behalf of all Malaysian buying from Perth Mint, if Perth Mint doesn't want to loose customers and not keen for its customers to subject to the above gross injustice of paying exhorbitant service fee. Worst still, Fedex doesn't even called the customer to ask permission, and just delivered the good and demanded payment before giving the good to customer.

I trust Perth Mint is a professional company and will do its utmost best to provide good service to address its customer issue.


Yours Truly
Perth Mint Account No: 501412

Hi Chris, chunyen,

I was thinking the same thing too, of course there's the "when hyper inflation or recession hit, gold and silver is safe haven" talk.

But recently, when we see margin call and panick selling, everyone seemed to park their funds in the currency instead of PM. it is like PM has become a stocks or shares of some kind. Of course, most likely these are the people who traded paper PM instead of physical, but if all paper trader sell of their gold and silver for currency, would gold and silver price drop like a rock as well?

Then the next statement to follow is, then BUY MORE!! So if these paper investor use their currency to buy physical, wouldn't they be buying at much lower rate than what we are buying now? maybe even 50% off?

And finally we should come to the final, currency/fiat money crash and those with physical is king.

These steps are details which some of us might have overlooked. As a programmer (used to be) we look at every single little steps before reaching the final objective of us running like fugitive from a collapse country.

Would anyone want to venture listing down in steps, what would happen from today onwards, USA default on debt payment, europe currency crisis exploded and EU break up. What happen to the stock market? US Dollar? and PM?

Thanks for sharing in advance, this should be challenging and helps those planning long term, what are we suppose to do from today.

chef

If we put any statement out in a forum, we must be ready to be challenge by alternative views. It is just when your view continuously differ seriously in one particular forum, like singing gold in the "Silver as Investment" thread, it becomes a consistent contrarian to the forum stated objective, and therefore generated so many postings that repudiate the singing gold statements. The Facebook, LowYat Silver and Gold Group clearly get it right as a forum for silver and gold and allows trading. Go there as it will be the right forum, or start a new Gold as Investment or Gold and Silver as Investment thread, and we will not have any issues. Majority of people coming to this thread actually started with gold, your postings will make them "gostant" back to gold, and may missed the biggest investment of a lifetime in silver. I am making sure I am doing my parts, that is all, and collecting my karma along the way.

I would say the exit time for your investment will determine which one you wanna get. Bars or coins as well as whether to pay the premium or not.
You gotta set a limit when you plan your exit.
What price should I sell out all?
When should I sell out all?
And of course everyone will say ' I wanna sell at the time where the price is at the peak'.
But for now, I see no accuracy of an exact exit time and price. All are just speculation currently.
So to avoid regret and being too greedy which may led to losses, one should decide their own exit plan.

Chef,
My answer is in my earlier posting. You can get a court order to forbid my posting, and I will abide with the law of the land, unlike others. As for my recommendation with 1oz silver bar it is purely based on my empirical research and observation, and I can't force everyone to take my advice, as some people just don't have the brain to understand, and I believe it is not my fault.

Numismatic coin is one way of investment.

Silver bullion bar is another way of investment.

Silver bullion round may be another option worth exploring, particularly on the desgn artistic attribute (Numismatic) with low premium (bullion bar).

You can refer to page one of this thread for details.

Before you comment, please read all the facts thoroughly, meaning the question prior to the answer, history of posting, and if you are going to pick only 1/3 of sentence and make a statement, then you are shallow and judgemental.and maybe you are really a pack of quack.

How did I response to your comment todate? Fair and square.

What is civility and what is verbal attack? Everyone have different yardstick, and who are you to judge? I believe this forum have mitigating mechanism that censored certain words that are deem offensive and will not allow it to appear in this forum, like the words starting with 's" and 'f'. I don't see words like crap, and BS  are words not disallowed in this forum, and I am not directing to anyone directly in the first place. I am puting in my post with facts and reference to repudiate Crap and BS, so that inncocent readers will not be influence by the posting. If the forumer think they are posting facts and not BS, then I am not reffering to them, period. I am putting my facts on 1 oz silver bar in the forum, and if they don't have the brain to understand them, it is not my fault. This forum is an informal setting that only the admin set the rules. Forumer can keep their own rules and regulation to sanction their own family and have no right to sanction other forumers on proper conduct and decorum in any forum for that matter. If any forumer are so offended, they are free to skip the offensive articles, complain to admin to sanction the author of particular  posting and choose not to participate in this forum.

As far as I am concern, you can go fly kite for all I care, as you are a nobody with a shallow thinking. What do you have that you think you are qualified to lecture me? Age, experience, education, achievement or money? Name it? Don't give me all those qualitative factors of your own yardstick to judge others. No one have the right to sanction anyone for what they said in a free and 'democratic' country. Oh! you can sue me if you think I am offensive to repudiate your uncalled for comment of what I said.

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Added on December 2, 2011, 9:48 pm

Another information for Numismatic Coin investor, someone is selling Perth Mint 1oz Gilded Dragon for RM310 in KLIA today. I believe the selling price by Perth Mint is AUD94.54, and that worked out to be RM308 without tax, and with tax using Fedex will be around RM400.  Mind you, dragon is still quite a hot property now, and we have a case of "high profit" for selling Numismatic coin.

Go ahead take any of my posted articles, do your home work, and challenged the facts given , and I will give you my reply, point by point after my family holiday next week.

frankly speaking, there isnt too much of information targeted for malaysia silver market (apart from this forum), thats why i have started my website Silver in Malaysia. hopefully i could provide some good information specifically related to silver market in malaysia. one of the articles that i wrote specifically for malaysia silver market is Silver Price in Malaysia. it might not be professionally written but i hope this serves as the first baby step to provide more information related to silver specifically for malaysians.

all.. calm down~have a nice view of my new arrival.. Dragon 2012 1oz Silver Rectangle Four-Coin Set~

to answer your first question, anyone can anytime start investing in 1oz silver, but not 1kg silver. not too many people can afford it. the middle working class are the people will move things (be it politics, goreng property, paper asset investment, or PM investment). and the fact is not too much of middle working class can afford to buy 1kg silver bar. they are more likely to buy 1oz, therefore it's easier to buy & sell and being preferred by the majority.
generally i agree with what you shared, unless silver investment scheme gets more common and has higher liquidity, silver wont be as famous as gold. i know, that sux