What mint does Silver Street ties up with? Perth Mint? RCM? RM? US Mint? I checked your numis prices... very expensive


Can you do 4% premium above spot for 100oz silver bars, since APMEX can offer that?

I mean compare 100x 1oz silver bars vs 1x 100oz silver bar, the bigger bar will always be cheaper due to lower production cost in terms of minting process and packaging. Even when bought in bulk a monster box of CML or ASE will be more expensive than 5 pieces of 100oz bars.

Being said that, I do agree that smaller bars are more liquid when it comes to selling... BUT if we only can sell back to dealers at spot liquidity becomes a moot point.

And what if spot rise too high and the dealer decided not to buyback any silver?

Seng Kiat another question for you: do you know if silver bars will still be tax-exempted once GST kicks in after 2014?

If precious metals are taxed 6% GST do you still plan to bring in any silver?

maybe another question for ourself... will i still buy if i have to pay additional 6% GST?

A lot of my SG friends bought their metals from MY or HK prior go 2012... That was when SG government still charges 7% GST. In 2012 the government tax-exempted investment-grade silver and gold so stacker community grows steadily.

Only LBMA-listed bullion gold and silver are tax-exempted; numismatic coins are still taxed.

To answer your question... I guess we will still stack but we can get our metals from SG haha! A few ounces are easy to bring across the causeway.

Ya...ya... let's work out detail procedures, wait till spot hit 20/oz then we sapu 100oz together. ....

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This post has been edited by livina2011: Nov 14 2013, 12:45 PM

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This post has been edited by livina2011: Nov 14 2013, 12:45 PM

I agree on you. It such a waste to have a web store where i cant capture new customers due to inaccuracy (above market) in price. But another problem i am facing is we are even struggle to fulfill our current customer demands, getting new customers is not a main priority at present at least until we expend our business.

We believe in business grow over time and we are working hard to grow ourselves as well. Other than working on web to capture new customers, we are also working on financial part to ensure we have enough supply with current/new customers demand. :-).

Ya, if there's GST to buy silver in malaysia, sg would be my next option.

U still buy numismatic coins even though it's taxed?

1. Even if they do, shipping rates and currency exchange will deplete whatever earnings you gain. It is better to sell to local dealers or other stackers at spot.

2. Seriously if you don't mind, just travel to Singapore and sell to dealers at spot. Don't need to waste time and expense on shipping.

In SG goods imported will be taxed if it exceeds $400.

But so far... My $800 coin and my $4000 coin never got taxed. In fact none of my numis (to date I bought over $15k worth of them) never got taxed.

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This post has been edited by livina2011: Nov 14 2013, 12:46 PM

I don't do paper silver. I want physical. Like I said, I'll buy from anywhere that's cheaper + hassle free.

Correction

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This post has been edited by livina2011: Nov 14 2013, 12:46 PM

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This post has been edited by livina2011: Nov 14 2013, 12:46 PM

With a click of button to purchase and send to my sg house. Sg is easier coz still have relative and friends there. Unlike US. But won't do that unless have to pay 6% GST. Rm80/oz have to pay rm5.40 GST.

Btw, vault can trust? If yes, can consider...

This post has been edited by hey_there: Nov 8 2013, 08:37 PM

For vault collection I think there is a service charge... And I was told it is quite expensive also. You also need to foot the storage fees

This post has been edited by yrh0413: Nov 8 2013, 08:50 PM

LOL! Now who's the real vampire?

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This post has been edited by livina2011: Nov 14 2013, 12:47 PM