Where is the best place to buy physical gold and silver ?

This post has been edited by royalben: Nov 6 2013, 02:38 AM

https://www.buysilvermalaysia.com
http://www.silvermalaysia.com
http://www.silverstreet.my
http://www.nubex.com.my

thanks a lot

If you are buying in large quantity (over USD1,500), strongly suggest you source direct from APMEX or Gainsville.

Local dealers are like a bunch of vampires...

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This post has been edited by livina2011: Nov 14 2013, 12:13 PM

Got ur message very loud and clear long time ago. The problem is not everyone buys big amount. Like my case, 1-2 oz per transaction.

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This post has been edited by livina2011: Nov 14 2013, 12:30 PM

that's so complicated
maybe buy 100oz directly from oversea and sell it slightly cheaper than the local vampires... hehehe.. becoming another vampire myself.. wouldn't it be better.. heheh

btw, i think BSM is a slightly better vampire. they give store credits upon sending in feedback after each purchase. sometimes, they will send you email, and ask for feedback on certain issue and u earn store credits too. i accumulate the store credits and use it for my next purchase. thus, lower down my purchase amount.

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This post has been edited by livina2011: Nov 14 2013, 12:31 PM

sure want to jimat la. but the way u mention is too complicated. plus, we r talkijng about 100oz leh... me small potato only. just discipline myself to buy 1-2oz until i found a better way. am still looking for a better way. meanwhile, no choice.... let them suck a little lo.

Buying 1-2 oz per month might not be a good idea... imagine each oz of silver you are paying 20% premium (say RM100 per 1oz silver). One year you spent RM1200 on 12oz silver.

You need to wait for silver to appreciate at least 20% to break-even. If silver shoots up like a rocket then consider yourself lucky; but what if silver didn't move much you will be sitting on your stash for nothing.... might as well put your RM100/month in Maybank e-FD and earn 2-3% returns per annum?

I do agree with livina2011, no point investing in small ounces of physical silver each month as you likely to be drown in super high premiums.
Instead you might want to consider going paper silver or gold (buy close to spot), accumulate your wealth and then buy a 100oz silver bar or 1oz gold once you have the funds.

Let them suck "a little"... 20% is no joke man

hey_there, looks like your source for silver is reasonable in pricing. RM70/oz is a good price.

I think what livina2011 mentioned is that... buy paper gold or silver, once you have accumulated sufficient funds cash them out into fiat and use them to buy physical silver.

maybe some of us might wanna buy 100oz from US dealer and sell it at lower premium over spot price. that might trigger a huge competitive price to local dealer and everyone starts selling closer to spot to be able to survive. or maybe we get 10 ppl to buy 10/oz each from international dealer. but do we trust each other?

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This post has been edited by livina2011: Nov 14 2013, 12:32 PM

Count me in ya....

Setup a company to import then split... just need to identify a few regular silver investor as director. . So blood won't b sucked by vampire....

personally I treat my metals as part of my savings.
Every month I save certain amount of my salary into savings, and some convert to gold and silver.

livina2011, be it wealth preservation or retaining purchase power... we will always be looking at "profiting" from our purchase.
"Buy low sell high" always come to mind. Your scenario of buying bread with silver only works if gold and silver becomes currency at some point of time.
Until then 1 loaf of bread could be RM4, could be RM40, could be RM4000 but it is unlikely to be bought in ounces of gold and silver.

Looking back at history, when bread was RM0.30 per loaf gold was at RM800 per ounce.
Fast forward to recent years bread is now at RM6 per loaf and gold is at RM4,500 per ounce.
Years down the road bread might cost RM60 per loaf and gold at RM45,000 per ounce.
Unless gold and silver becomes a currency by itself it is unlikely you can buy anything with precious metals.
If you don't sell your metals, how can you have enough fiat currency to buy anything?

Retention of purchasing power only works if you can make any purchase with your silver.
For me I treat my metals as preservation of wealth in hope that it could, in long-run appreciate high enough to overcome inflation.
For example, now 1 ounce of silver, converted to fiat say RM70 may buy me 100 apples.
10 years later the same 1 ounce of silver, converted to fiat (whatever worth at that time) may still buy me 100 apples or more.

Again, if I can buy my metals cheaper or closer to spot price without much hassle I would be happy. I don't want to spend so much time and effort to save rm10/oz, where I can use that time to earn more $$ elsewhere. If I'm buying straight 100oz and can save rm1000 then is worth the hassle. U understand what u mean?