Dear Silver Investor,

The following is the import and sales tax for silver under two different import tariff codes in Malaysia.

1) Tariff Code: 711810000; Descriptions: Coin (other than gold coin), not being legal tender
> Import Tax =5% and Sales Tax = 10%
Example : Silver Coin, ie. Silver Bullion with any national legal tender such as American Eagle USD1 silver coin, Canadian Maple Leaf C$5 silver coin, China Panda RMB10 silver coin, Perth Mint Kookabarra A$1 silver coin and all other silver coins produce by Government Mints.

2) Tariff Code: 711411000; Descriptions: Articles of goldsmith’ or silversmith’ wares and parts thereof, of precious metal or of metal clad with other precious metal.- Of silver, whether or not plated or clad with other precious metal.NILNIL
> Both Import Tax and Sales Tax is ZERO
Example: Bullion Silver Bars and Rounds with print containing the amount of actual silver content, and without any legal tender, and mostly minted by Private Mint.

The silver investors are advised to purchase only silver bars and silver rounds if the objective of investors is the silver price appreciation. If you buy bullion silver coins from local Malaysian dealers that do not pay Government import and sales tax, that means you are in possession of smuggled goods in Malaysia.

I hope the above helps Malaysia silver investors in their "investment of a lifetime over the next 3 to 5 years".

Best Regards
mysilverbull@gmail.com

You can allow custom to decide your fate, or you can determine your own fate by insisting the Malaysian tariff code and the ability to justify your claim. I get what I want in my recent importation by justifying with custom, and they agreed with my justification.

The following are types of Physical Silver you can invest in.

Numismatic Silver Coin
Advantages
• Collector item for enjoyment
• After many years, and if and only if you can find desperate and knowledgeable collector, you can get a good premium selling price.
Disadvantages
• High purchase premium between 30% to 100% over spot price
• When you are desperate to sell, you may only get the same price as the silver round and bar, original purchased at a much cheaper price.

Silver Coin
Advantages
• Easy recognition and acceptability for famous coin such as American Eagle, Canadian Panda and Chinese Panda
• Older years coin can gain premium price over current year minted coins
Disadvantages
• Higher purchase premium of US$2 to US$4/oz over silver round and bar
• Desperate selling price will be the same as round and bar
• Must pay 5% Import Tax and 10% Sales Tax

Silver Round
Advantages
• Look and feel like silver coin, but cost much lower
• Good for bartering using 1 oz silver round
• Easy storage using plastic tube for 20/25 rounds
Disadvantages
• Storage density is not as good as bars
• Not as recognisable as silver coin.

Silver Bar
Advantages
• Lowest purchase premium for physical silver
• Easy storage by stacking up the bars
Disadvantages
• Not easy for barter trades particularly the 100 and 1000 ounce bar.
• Boring and dull design meaning less enjoyment comparing with coins and rounds.

Silver Bar – 1 ounce
Advantages
• Same low price as 1 ounce round
• Easy for barter trade
Disadvantages
• Higher price than 10 and 100 ounce bars

Silver Bar – 10 ounce
Advantages
• Lower price than 1 ounce bar
• Easier to sell than 100 ounce bar
Disadvantages
• No serial number
• marginally higher price than 100 ounce bar

Silver Bar – 100 ounce
Advantages
• Comes with serial number
• Easiest storage for retail investor
Disadvantages
• Difficult to sell in emergency situation
• Possible fake bar with lead filled inside the bar

Silver Bar – 1000 ounce
Advantages
• Can be deposit at Comex
• Comes with serial number
Disadvantages
• Not consistent weight per bar, ranging from 900 to 1100 ounce
• Difficulty for transportation as it weigh 68 pounds

If silver investor is not a coin collector, and only hoping for future price appreciation, I would recommend the following silver form factors;
Small retail investors: 1 ounce silver round and 10 ounce silver bar
Large retail investors: 1 ounce silver round, 10 ounce silver bar and 100 ounce silver bar

Missed out: Numismatic Silver Coin has disadvantage similar to normal silver bullion coint as incurring Malaysia Import Tax of 5% and Sales Tax of 10%

I am a new silver investor and not a dealer. All I am trying to do is share important informations from my silver research to willing new silver investors. I don't take insult lightly.
I am not only sharing information now, I am sharing my physical silver as well just to piss you off.
I have 20 pcs of Sunshine Mint 1 oz silver rounds, and 1 pc of 10oz NTR Metal silver bar to let go at RM125/oz.
If you take 10 oz silver, I will give 1 oz of Sunshine Mint silver round FREE OF CHARGE.
Interested party, please email mysilverbull@gmail.com, as availability is while stock last and based on first come first serve basis.

Dear Chef,
Like I said, I am not a dealer. 10oz taken, 20oz to go. I need to keep my promise to share the silver with this forum investors, RM1,250 for 11oz of silver. Once the stock gone, this incident is consider close. I have no intention to spoil anyone rice bowl.

4kgrubby, since you mentioned earlier you want the bar you can have my 1pc 10oz NTR Metal bar with FREE 1pc Sunshine Mint 1oz silver round. Please send me email to mysilverbull@gmail.com. Now 20oz gone, 10oz to go.

GoldChan,
No need to justify. On 26th.September and for a few minutes, the spot price went down to USD26, and it is below USD28 for less than 2 hours. You need to pay a premium of USD1.49 above spot price to get your silver round. Meaning to get USD26 for anyone is impossible, and to get USD28, you must be god to know the timing to purchase within 30minutes to buy it at USD28 for a silver round.
I know you are an honest silver broker, and your price at RM125/oz only allow you to have a reasonable margin. That is the reason I only offer RM125/oz, and my FREE silver of 1 for 10 purchased just to proof a point that you don't just simply throw a challenge and insult to a total stranger without getting any consequence. You had your music, and I had my dance. We just closed this case amicably, and move on as I have no intention is spoil anyone rice bowl as it is bad karma.
Cheers!

All 30 oz silver with 3oz FREE gone. Please proceed to buy from GoldChan.

Goldchan, don't worry, there is always role for honest middle man. Historically importers and retailers had their respective roles, and it will never be replace by "cooperative", because of self interest in human beings. Cheers!

Dear Moderator,
I am new in this forum, therefore I don't know the rules. However the following are my comments.

1) Non of us here, in fact the whole of Malaysia, are experts in silver. If we are to take long term advices, we should just Google Ted Butler, Robert Kiyosaki, Mike Maloney, Max Kaiser and even Ron Paul. We should not take long term advices from the members of this forum, because we are in fact really clueless as demonstrated by the recent bets on the price of silver in this forum, eventhough it is a prediction of less than a week.
2) No one predicted the May and September 2011 major price corrections, even old hand like GoldChan and many more experiences dealers globally. Unless you are JP Morgan and the Federal Reserve of America.
3) Silver is basicaly a commodity, therefore the amount of basic knowledge is minimal, in the form of price and delivery.
4) Indepth knowledge of Numismatics and rare bullion coins need years of experience in terms of mintage, year of production and their rarity tags with their respective prices.
5) Everybody can quote a price or prediction of price without taking responsibility for the readers who may unconsciously follow their advice.
6) The best advice in terms of price is based on the dealers who are willing to sell their inventories at their quoted price, and this information is very crucial for local silver investors as it reflects clearly the Malaysian market. The best advice is to follows someone who are willing to "put foot into their mouth" scenario, like dealers willing to sell their inventories at respective prices.
7) Why is Silver Lot Shot so popular with more than 3,000 members now? Because people who are interested in silver wanted to buy and sell, period.
8) This forum is really interesting with many Malaysian giving their respective personal commentaries, and we should continue encourage debate and allows "agree to disagree".
9) If we continue with our lively commentaries, and we include buy/sell like "Silver Lot Shop", this forum will really rock.
10) If USA Constitution can changed >50 phrases (laws) in 235 years and Malaysian Constution can changed >600 phrases (laws) in only 54 years, we should be able to change the rules for the betterment of this forum.

I rest my case for the moderator to ponder.

Cheer!
Taurusbull

Hi Nidz,
It is good to have opinions that defers. We will leave it to the moderator to decides.

I am not a dealer, and if I am a dealer I must be crazy to sell 3 lots of 11oz silver for RM1,250. I am new in silver, only 2 months exposure, and todate had invested >400 onces silver when the price ranges from USD26 to USD39.

Since so many forumers made so many assumptions, I may one day take the challenge to be a silver dealer to invigorate the local market. KIV and I will inform everyone when I really become a dealer.

Cheer!
taurusbull
retired corporate man, property investor, and maybe future silver dealer

Dear All,
All 3 lots of 10oz + Free 1oz silver at RM1,250 taken by: Bigwolf, Zaizu and Cruzzie73. Commitment delivered and completed.

Good, swap with Goldchan. I will keep the 2011 Panda.

Cheers!

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Added on October 20, 2011, 9:58 pmProperty 101, great effort to share knowledge and help the community to gain their riches. I subscribe to the same philosophy: " The most generous thing you can do for someone is not to share your riches, but to guide them towards their own."

Keep it up, and thank you on behalf of this silver community.

Cheers!

This post has been edited by taurusbull: Oct 20 2011, 09:58 PM

Dear Weilung,
I read with great interest that a student with saving has such insight to invest in silver. I wished I had your aspiration and opportunity when I was a student. To cut the story short, I like to help you in your investment by letting go 1 pc of my 5 oz Sunshine Mint Silver Round with airtite capsule at a special price of RM550, meaning RM110/oz. Only for you and valid for 1 week from today.

Bro, you are not a student lah, it is an elderly encouragement for young people in superior saving. If you want, I can sell another pc to you at RM600. Oops! maybe not, otherwise I will be a dealer. Ha Ha!

Dear All,
I found the following ariticle I extracted from a website giving good advice to new bullion investors. No permission, therefore not quoting the source.

Getting Started in Bullion Investments?
Success in investing in precious metals (or anything else) will be more likely to result if your investment strategy is sound. If you are considering getting started, we offer a few suggestions.

Is Bullion Appropriate?
First ask if bullion investing is appropriate for you. In considering precious metals investment, read references and trade publications. Consult a registered financial advisor who you can trust to help you. The thoroughness of your due diligence will pay dividends.

For What Portion?
If precious metals are a good investment choice for you, then determine the portion of your investment capital you will commit to bullion products. 5%? 20%? Should you commit to one metal, or diversify? Do you have some risky or underperforming assets that should be sold for precious metal? Will you purchase gradually in small amounts with cash flow?

Timing?
Next, determine your purchase timing. Frequent and smaller purchases suggest a different product than infrequent and larger purchases. Maybe you plan to time purchases with market dips. Doing so will require what analysis tools? If this is your strategy, make sure your analysis is realistic and flexible. You could find yourself waiting for a product to dip to a point to which it might not reach.

Reputable Dealer.
Buy from a reputable dealer. This is especially important if you’re purchasing over the internet. Look for a well-established dealer with history and stability in the business. Does the business have a real brick and mortar location or just a website with a telephone number? The merchant should be able to tell you the price of your items, whether they are in stock, and the estimated ship date. Will the merchant keep you informed via email or otherwise of every stage of the purchase?

Too Good to Be True?
Be wary of extreme bargains. Deals that are too good to be true usually are. Highly worn coins, or unusual weights and purities can be difficult to resell. Standard products have a slight premium for a reason. Strive to buy at a fair price, not the absolute lowest price. While you may find a great deal at a neighbor’s garage sale, accumulating a precious metals portfolio in this way is rarely sound strategy. Also, delaying your purchase to save some small change may leave you empty handed when big moves occur in the metals.

How much to commit?
Don’t commit all your funds at once. The market could well move against you, and if all of your capital is committed, you have lost money. Leave some cash to pick up a bargain if an unexpected fall in price occurs.

A Plan for Selling
Finally, a sales plan should be a part of your stragegy to meet your overall investment needs. Will you accumulate until the bullion you hold hits a certain price, and then liquidate all? Will you follow a time honored method of selling some on strength and buying on weakness to take incremental profits? Will you sell a major portion for a new large cash need such as a new business or to buy a home? Investor interest often seems to rise dramatically when prices have already risen dramatically, which may not be a good time to buy, but it may be a good time to sell. If you develop a solid plan, you will be more likely to make rational investment decisions, and not let your emotions rule.

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More like ignorant and still learning lesson especially when expose for only 2 months.

I agreed with you that we should allow trading as per my earlier posting, otherwise it will be a NATO forum. Sorry, NATO stands for "No Action Talk Only". We can TALK until kingdom comes about silver as the greatest investment opportunity of a lifetime, and without any ACTION in buy/sell very soon forumers move somewhere where the action to make and invest their bucks.

We are waiting for the Moderator feedback on my earlier request and justification to allow sales and marketing.

A good compromise between the original objective of moderator and the need of silver investors. However we need to provide easy navigation bewteen the "NATO" and "Silver Market" to ensure both threads remain relevant long-term.