Does the maybank system allow you to buy 24hrs a day or just during operational hours.. appreciate the feedback..

I believe the GST is waived for any precious metal purchases with exception to numismatic products.

Exactly as what XtraLeoGecko said. The Government of Malaysia places a 15% extra tax on any shipment received on legal tender coins. This would apply to American Silver Eagles, Maple Leafs, Philaharmonic coins which are actual legal tender in their respective countries. But because rounds look like coins, they have a tendency to tax them also.

Thanks..

Again as XtraLeoGecko says, both silver and gold bars there is no tax from the Government of Malaysia. You can actually bring in a container load and there would be no problems. But the real question would be, come 2015, with the implementation of the GST here in Malaysia, how would that affect the price and purchasing of the precious metals?

Any thoughts on that?

Do you buy from ebayUS or other ebay sites..

Where in SG do you buy your silver..

Thank you..

This post has been edited by shahjaafar: Jan 15 2014, 12:22 AM

I had bought some from merlip.lot.my, had it checked out when it arrived and it was given the seal of approval. I had also bought some tan jia yi of "The Silver Nest Malaysia", she sells on the facebook groups Super Silver and Silver Lot Shop I believe. I have to say for Ms. Tan, she really knows how to pack the packages when she sends it out to you. Excellent, I believe she is based in Johor. Again, had it checked out and it was also given the seal of approval. Those were the 2 that I had bought my 2014 China Pandas.

Good Luck and Happy Collecting.

Dreaming and hoping makes life worthwhile.. I am also in the same boat for the USD 15/oz. Just wanted to share, i had just picked up 4 x 250g UMICORE silver bars at Rm 2.15 per gram. Ok tak??

now everyone talks about kangkung.. are you sure you want to buy kangkung at USD 15/oz... I am scared..

I had it checked by my bullion dealer and they found that it was not fake.. It was alright.

Why "Hell no".. was it to expensive?

actually it is right at spot price of silver right now. the problem is i can't find silver bars which are priced at spot price or below. Even the public silver is at RM 667.00 per 250g at the moment. Usually the manufacturers will place a premium on top of the silver bar price so very little chance to buy at spot or below.

For the bars that i just got, it worked out to be about RM 538.00 per 250g. I thought it was a great price. Just hold on to it, if the spot goes up 3 sen sudah make a little bit of money.. ha ha ha..

there are actually several bullion dealers in malaysia. The one that I deal with is usually nubex, which is www.nubex.com.my. They are based near Ikea. So they have the various ways to test the products and since I have gotten to know them, they sometimes help me by testing the silver for me. So if they are willing to take the product as a trade in then I know the coin is not fake.

Bullion dealers are folks or companies that sell silver and gold products as a business.

There are several others and I believe it was listed previously but I am not sure where, some that I remember at the top of my head:-

1. nubex
2. silverstreet
3. buysilvermalaysia
4. mysmartgold

I am sure the group here can add to that list.

Happy Collecting.

This post has been edited by shahjaafar: Jan 16 2014, 07:41 AM

It was a friend's recommendation from another friend. My friends knows that I collect silver and gold, so the other person was in need of some cash, so he offered to me. It was pure luck...

Dude, that is a huge increase in silver price with that type of gains especially in this market conditions. I will certainly look out for that type of movement. Anybody in the paper silver market would certainly look forward to this.

But the folks in the physical market, I would expect would not want this type of rise just yet unless they have some serious accumulation.

Thanks for the highlight and sharing.

Happy Collecting.

I am the furthest thing from being an expert with regards to the value of silver in the open market. The only thing that I do is just to keep reading and trying to find out more information. The trends and forecasts to be me can't really be used to gauge anything nowadays. But most articles on silver keeps stating that there is a massive depletion on above-ground silver supply and the demand on silver is growing. so i guess with that analysis prices are being said to be suppressed in order to facilitate some conspiracy theory on currency failure.

Honestly I myself got scared after watching Mike Maloney's "Hidden secrets of money". But you might be absolutely correct where there has to be some level of market correction but for most they are expecting the silver prices to shoot through the roof and not to go lower because it is being suppressed to achieve this artificial "low" price. The way I look at it, the market is now primed for "buy, buy, buy".

Thanks for your thoughts.

Taurusbull, great insight, so based on your interpretation and writing this is the time we should keep buying till it hits the 15 mark. After that wait for the fireworks to happen.. thanks again for the graphs.

100% agree with your sentiment on buying silver on monthly cost averaging. This is the system that our family had placed in buying precious metals on a monthly basis. Even for my children so that they can start the habit of accumulating at their relative young age.

I usually look out for the deals when silverbugs are looking to get out of the market. not too many of them but there are certainly some. As said earlier I had bought 4 x 250g umicore bars for spot price, and today picking up some 540g worth of silver at RM 2.03 per gram. Thinking it is a good deal. Hopefully it would bring down my monthly cost average.

Good strategy to keep buying as it approaches 50 and I am sure lots of people would love it when that happens. Your analysis at times is technical with the charts. Do you place any relevance on the Gold/Silver Ratio on the timing on when to buy more gold rather than silver? Any advice would be helpful.. Thank you in advance.

Thank you for the kind welcome. Sharing is caring and getting an education is always the most important. By sharing, most of the time our misconceptions and misinterpretations are usually cleared up about a subject matter. This forum had been very good in giving this education, so I try to share as much as I can so that sifus such as yourselves would be able to correct me when I am usually wrong...

Speaking to my own group of precious metal collectors, they keep telling me of another dip with a low sometime in august 2014. The indicative trend would begin right before the end of the 1st quarter. They told me that this is totally speculative without any technical analysis to back their sentiment. It is pure gut feeling.

But they are also stating the 1st signs of silver heading upwards would be in October - November 2014 because of the relative cracks found right now in the Euro getting larger and begin to spiral during that time. So again, it is totally speculative so for me I would follow taurusbull's recommendation which is to keep buying till it hits 50 and even then, based upon what the Gold/Silver Ratio does throughout this time, that would determine if I am to buy silver or gold.

Thank you again, and Happy Collecting.

Looks like its confirmed. Just saw a letter posted by nubex on facebook. Letter received from the Government. I have attached it. So it is confirmed. Got to go buy from Singapore then..