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

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tzkhoo
post Nov 19 2011, 05:42 PM

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Hi all, I m a newbie thinking to invest in silver. Few qs here

1) Do i have to buy physical silver? Or any passbook like gold?

2) Any bank offering such investment?

3) I saw the pamp suiise lady fortuna 1 OZ bar selling for rm 225, if compare to current silver price 1OZ around rm323. why is the bar price so low?

This post has been edited by tzkhoo: Nov 19 2011, 06:04 PM
tzkhoo
post Nov 19 2011, 07:21 PM

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so meaning there is no bank doing it like the gold passbook thing. All I need to do is to purchase the physical silver & keep?
tzkhoo
post Nov 19 2011, 07:50 PM

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QUOTE(property101 @ Nov 19 2011, 07:19 PM)
1. Yes. You have to buy physical. If you buy paper precious metal (like passbook / ETF / etc), you are missing out the whole point of buying precious metal. Unless you are looking for a quick trade within days - or maximum, weeks.

2. Not in Malaysia. The nearest bank that offers such investment is in Singapore. You need to be a residence there. And the annual fee they are charging you cost you a boom.

3. You got the current silver price for 1oz wrong. If you need more information determining the silver price, please check out this post:
Silver Price in Malaysia

Hope it helps smile.gif
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Thanks for the explaination. Now i see the picture. So the silver price is not fixed, all depends on buyer & seller only.

Thanks again Sifu!!


Added on November 19, 2011, 7:56 pmFor investor type, preferably buy silver in bar? The smallest bar is 1oz silver bar like 1 oz PAMP SUISSE Lady Fortuna 999 Silver Bar rite?

This post has been edited by tzkhoo: Nov 19 2011, 07:56 PM
tzkhoo
post Nov 20 2011, 05:35 PM

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how do we know whether the silver we buy is not smuggled good @ not paying tax
tzkhoo
post Nov 20 2011, 07:57 PM

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QUOTE(property101 @ Nov 20 2011, 06:00 PM)
as a investor / collector, you do not care. whether it is smuggled or not paid tax, it's not a concern. as long as u hold the silver in ur hand, thats the safest thing already.
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Noted. Thanks
tzkhoo
post Nov 20 2011, 10:32 PM

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QUOTE(spikyz @ Nov 20 2011, 08:43 PM)
'

bro, u really need to join our fb group..1oz pamp suisse 225? that way over price. at our group, got seller sell around 160 only
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ur fb group is?
tzkhoo
post Nov 23 2011, 10:15 PM

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QUOTE(spikyz @ Nov 21 2011, 02:40 PM)
facebook group is here

http://www.facebook.com/groups/284739938217191/

in SLS ppl start panic selling already..kookaburra for RM135, Fuji taku RM135, even one seller sell panda at Rm135..crazy competitive market
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unable to open the link. Content not found. unsure.gif
tzkhoo
post Nov 24 2011, 05:23 PM

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QUOTE(chunyen2020 @ Nov 24 2011, 02:42 AM)
The group now is a secret group.
Wait for the admin at LSGG to settle.
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Ya i tried to search but this pop up
No results found for your query. Please check your spelling or try another term.

Update again once settled. thx
tzkhoo
post Nov 24 2011, 06:17 PM

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user posted image

My 1st Silver coin & bar biggrin.gif


Added on November 24, 2011, 6:22 pm
QUOTE(chef @ Nov 24 2011, 06:14 PM)
Hey hey!! How did you get hold of this set?? So are you selling it or just to poison us all... sad.gif

Anymore available?

chef
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Ya actually how did u manage to get this set? purchase in perth mint website?

some1 in SLS selling rm2.8k, twice the retail price.

actually how much inclusive the tax & shipping to m'sia?

This post has been edited by tzkhoo: Nov 24 2011, 06:22 PM
tzkhoo
post Nov 24 2011, 09:16 PM

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QUOTE(mingophoria @ Nov 24 2011, 03:47 PM)
Another thursday poison.

[attachmentid=2551410]
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Nice. 3000 sets all sold out. Hot item
tzkhoo
post Dec 13 2011, 07:02 PM

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I m selling 3 pcs ASE bar at rm122/pcs.

Interested do pm me. I have posted it in SLS as well.

biggrin.gif
tzkhoo
post Dec 13 2011, 07:25 PM

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oops sorry for the mistake. Thanks for the info.

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