Hmm true.. But let's say if they do accept gold from outside, does it mean that I can make profit by buying and selling like that

Of course you can but I think you already know the answer to your own question.

It's just a matter of willing buyer, willing seller.

any gold seller here?pam suisse 999.9,or any good place to buy it?pls advise

ur example cant be use...the depreciation of gold are too low...not logical at all...usually the depreciate of gold are from 4%-30%...u should give example close to this calculation...if not ur calculation to get profit this fast are too good to be true...

This post has been edited by haziqnet: Aug 18 2014, 12:23 PM

last time i go to poh kong they said their gold bar to sell back at their place will have depreciation of 10%...if the seal is off an extra depreciate of 15% will be charge...wow thats mean without the seal total of depreciation is 25%...damn so high...even public gold are much lower than that...gold bar only from 4%-6%...not more than that...and even u can bite their gold or liquid for money at any arrahnu...

Gold cuts losses on Ukraine tensions; holds near $1,300
http://in.reuters.com/article/2014/08/18/m...N0QO1CY20140818

Actually there are many reliable PM dealers online. It just so happened that when I got tired of doing online research, I had about 5 dealers on my list. I decided upon 3 because it is tiring to keep checking the prices every day and every hour (of the times I wanted to make purchases).

My way of looking for trustworthy dealers is to track them (their username or company name) online. I will search for any positive or negative reviews or feedback connected to them. One negative feedback which is due to dealer mistake or attitude is enough to strike the name off my list.

My experience is with forums, not PM buying. It takes a long time for a dealer or seller to build up his username reputation. He will not want any negative feedback connected to his precious username. He has invested too much in it. He would rather give you back your money rather than risk you being angry.

I will also check the IPs of the websites. Serious dealers will have real data connected to their websites.

So I picked dealers who have been in business for at least 4 or 5 years. Dealers who have been featured in mags or newspapers. Dealers with way more to lose than me in an argument over a transaction hee hee However don't get me wrong...I value my username too and will not readily get negative feedback from these dealers.

- PM Accumulator Sdn Bhd is the owner of bullionx.my. He has too much invested in his marketplace website to cheat ppl over a few measly silver coins. Plus he has an accumulation program I like.

-BuySilverMalaysia has gotten great reviews too. Plus I loove the gorgeous splash page. LOL who says my choices have to make sense.

-SilverStreet.com.my same reason as BSM. I found it after reading an interview of the owner.

You can find so many more dealers (with or without websites) using the same method. I just like looking at the catalogs.

Due diligence is key!


This post has been edited by roscha: Aug 18 2014, 06:06 PM

Looking for advice from my experienced bros here. Has anyone have had any experience buying gold with buysilvermalaysia com and care to share with me your opinion on it, whether they're trustworthy and efficient

Hi Roscha,

Many thanks for replying my query. I will look into all your recommended sites as you seem like a very prudent person and had done numerous research.

By the way, do you collect more gold or silver? Mind sharing the reason?

Thanks and cheers.

More silver. The reasons are :

1. Gold is way out of my budget.
2. Gold silver ratio says better to buy silver now.
3. Silver is more undervalued than gold.
4. Silver is becoming a necessity in our world (solar panels, water purification, jewelry, batteries etc) but the supply is dwindling. Gold is only needed in jewelry and bars.

So it seems to me that silver is a better choice.

However if you have LOTS of money and want to buy metals to preserve value, gold would be the clear choice as it would not take up a lot of space. Imagine buying RM 1 million of gold (about 210 1oz Pandas) vs RM1 million of silver (about 12500 1oz Sunshine rounds).


This post has been edited by roscha: Aug 18 2014, 10:51 PM

for those who want to invest in silver sure need to start from now...now per gram cost of silver are less than 2.00...in the future if this price turn to 10.00 u already make 8x of profit...so for me for those with limit budget but want to invest for their future silver is the best choice...if u have 5kg of silver within the next 20 years i guess to become rich will be possible...

This post has been edited by haziqnet: Aug 18 2014, 10:45 PM

Theres also a risk of silver becoming worthless if companies plan to use various other materials due to the advancement of technology. So i guess its a gamble!

still, it won't be as worthless as fiat that printed out by machine.

it is precious, that's why we call it as precious metals.

unless human invented or found a totally new materials from earth / space that could replace silver, silver will be the best in its class, at the moment.

diversification is the keyword.

Yes, I'm with you on this! Don't put all your eggs in one basket!

no i dun think so...if the price of gold go to sky high, many of people wont effort to buy gold anymore...when that time is come the silver price also will be hike because of the concept supply and demand...im sure enough after 10-20 years silver price can be higher more 5x from the current price...and if u see the history of silver their supply is depreciate a lot since 30 years ago...and their demands in the industrial use also are increasing every year...

Noted, you have some valid points there. Maybe I should start small with silver as my first PM and see how it goes later!

Mind to share the International company? ddint know they would offer the same thing without problem

Looking for advice from my experienced bros here. Has anyone have had any experience buying gold with buysilvermalaysia.com and care to share with me your opinion on it, whether they're trustworthy and efficient

I have bought silver from them a few times. Delivery quite fast and packing well done. No complaints.

Gold Little Changed as Palladium Is Near 13-Year High

“With geopolitical headwinds not escalating, with the dollar looking strong and with physical buying lacking, we feel that gold will face strong headwinds in sustaining gains in the near term,” Abhishek Chinchalkar, an analyst at Mumbai-based AnandRathi Commodities Ltd., said in a report today. “Later this week, the focus will turn towards the release of the FOMC minutes and Fed Chair Yellen’s testimony.”