Aww.. Better not then

This post has been edited by hey_there: Nov 8 2013, 09:25 PM

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

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

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This post has been edited by livina2011: Nov 14 2013, 12:48 PM

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This post has been edited by livina2011: Nov 14 2013, 12:48 PM

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This post has been edited by livina2011: Nov 14 2013, 12:48 PM

That's what I can afford now anyways. After all, I still need to eat. I can't be eating silver till 2016 comes...

Define ur all in pls... 10oz per month? 100oz per month? Do u buy from apmex?

Hi Mate,

What mint does Silver Street ties up with?
ANSWER: We are authorized distributor of Scottsdale.

Can you do 4% premium above spot for 100oz silver bars, since APMEX can offer that?
ANSWER: Silver Street can't guarantee you in percentage as our price indicator is spot + USDx.xxx. Not to mention, the exchange rate would play a part too in final price to customer.

And what if spot rise too high and the dealer decided not to buyback any silver?
ANSWER: We would have better demand when the price move uptrend rather than downtrend. At least in Malaysia, people will be panic buying when silver make a move upwards. Buying back is always our priority as we definitely earning more.

Buy Back: spot + USD1
Buy from Mint: spot + premium (way above USD1) + delivery (USD0.8-1/oz)

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This post has been edited by livina2011: Nov 14 2013, 12:48 PM

Seng_keat,

Will the buy back price affected if the bar is not in its original laminated plastic seal?

Numismatic prices in our web is correct and accurate. No adjustment will be made once the our new web store ready. This is collector items and this customer category does not care about premium over spot. . They just simply buy for collection purpose instead of investment.

Many of my customer based don't like to invest in silver but when we show them our perthmint Lunar series, it was like a wow factor to them and buy at least 1 of each animal as collection. .

So, we know our target customers very well. Any other dealer in Malaysia/Singapore selling complete Lunar Series from bullion to proof, gilded, etc?

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This post has been edited by livina2011: Nov 14 2013, 12:53 PM

Wah, u'll be smiling all the way when silver appreciate.

U buy from US? Apmex?

If you ask the value, it definitely no but for buyback, we prefer bar in its original laminated plastic seal and free of milkspot as we will be reselling these bars. Condition is very important for us as we have to keep the future buyer happy as well. .

If the condition is not at satisfactory level for reselling, we still buyback your silver at cheaper than spot + USD1. Price is vary depending on condition, volume, etc. This buyback batch will straight into our 'long term bin' and do a bargain sales when price move up. This has been our practise for sometimes. . We did have our bargain sales, selling 1oz maple at RM80 where the market at the time was around RM90-100. It was like hot cake and sold out in just less than 20 minutes.

I suggest you to be a reporter rather than a poster in LYN.

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This post has been edited by livina2011: Nov 14 2013, 12:49 PM

U said volume. So selling more or less at once affect the price as well? I usually buy 1oz not the 10 in a pack type. So will the price be cheaper if I sell 10oz all loose instead of the 10 in a pack?

My 1st Scottsdale bar wasn't in the laminated plastic. But I put it in a capsule...

Seng_keat, could u list down the do's and dont's that will affect the buy back value? Thanks

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This post has been edited by livina2011: Nov 14 2013, 12:49 PM

For those circulated items, yes, volume plays a part in final price offer as we can't liquidate it as fast as uncirculated bars.

For uncirculated bar, we are paying the same price as our buyback policy regardless volume.

Do's and Dont's are different from one to another dealer. So, I can't speak of other dealers as we have different buyback policy. But as per our buyback policy, keep your bar as its original condition will definitely help to fetch the highest buyback price. . We will run some random density test on our buyback bar to ensure authenticity.

What is TCSS?