Hi guys, how is Public Silver bar?

I think Public Silver has a healthy secondary market on the internet. It seems to be quite popular but I feel that if you are going to buy and sell using the PublicGold platform, the spread is just to great for any short term gain. But then again, I know you are not in the game for the short term so I would say there is no real problem at least in Malaysia. It is considered a local "name brand"..

Anything interesting you are seeing ??

Happy Collecting

I think it is best if you can go across the causeway. Singapore is trying to be the next PM hub. If you are going to buy a lot. Do consider Singapore. It is much cheaper. I am sure you do not want to pay a high spread and regret later.

This post has been edited by sylar111: Feb 24 2014, 11:20 PM

Just go to any shop in Sg. You get a much better deal then this. If you are going to get 1KG and above, even taking a bus all the way from KL to SG is worth it. You can even store the metal with them. Why do you even need to pay such a high spread.

This post has been edited by sylar111: Feb 24 2014, 11:26 PM

100% agreed. The rules and laws of Singapore for precious metal changed to suit the current purchasing environment. I believe there is no GST or tax on any silver purchase with exception to numismatic products in Singapore. That is excellent news especially when the impending GST in Malaysia would be implemented next year.

The only small issue is that the stringent rules when it comes to opening a bank account in Singapore. I would love to be able to transfer the amount (maybank2u like) to the bullion dealers that they have there to purchase, and then self collect. But it is such a small hindrance that I am sure that I will overcome it.

Any recommendations on where to buy the silver in Singapore???


Thanks and Happy Collecting.

Good, good... must try in my next available trip... hope won;t be considered as smuggle...

Nice. When you say any shop, any particular area that you would recommend? For work I might be down in Johor every month, so a small side trip to Singapore might be well worth it.


happy collecting.

Just not sure how "pure" is it although there is a local assay....

Am in manufacturing line / laboratory line too... it is not as easy to really produce 99.9 purity

Well I don't think it is smuggling because Malaysia does not have any tax on silver. So it should be OK. and take a look at it this way.. they didn't ask you whether you had any silver or not?.. Ha Ha ha.. This is when ethics confronts with profit. Hmm which road do I take??? Good Luck.

Happy Collecting...

Shoe shop is generally the cheapest.

https://www.facebook.com/silverandgoldsingapore

You can find the prices at the excel sheet.

Note if you can buy 100 kg or 50 kg of silver, you get a special discount and they store it for you.

The shop i am currently buying at is bullionstar. They have a good web interface. I bought at bullion star because shoe shop did not offer storage service initially but now they do. They also have a very good vault gram program which offers you the lowest spread. But your silver will not be segregated. For me, I trust them and I think they have lots of integrity. I am going more for the vault gram program because I do not intend to keep silver for a very long time.

Better buy because I dun think it can go down below 22 already.

This post has been edited by sylar111: Feb 24 2014, 11:35 PM

That is an excellent point. My wife told me (I have to listen to my wife) don't ever buy the public silver... Spend a little extra and get the low premium international brand or pamps... so of all the silver that I have purchased, not even 1 public silver, but i keep seeing people selling and buying these public silver bars on facebook.

But as they say, to get a happy life, listen to the wife.. ha ha.. Please don't judge me as weak because it is not because I am afraid of my wife, IT IS BECAUSE SHE IS NOT AFRAID OF ME.. Ha ha ha..

Goodl Luck and Happy Collecting.

Just buy from Singapore that's it. And store it over there. It is cheaper and safer.

I did go the facebook page, and trying to look for the excel sheet and I can't find it. Is there a section that I am missing. i would say 50kg of silver would be something that would be interesting but I would feel hell of a lot better if I am the one storing it here with me. I kinda like the philosophy that "If you don't hold it, You don't own it"..

But thanks for the very informative suggestions and a way to purchase from Singapore. I shall endeavor to investigate further.

Thanks and Happy Collecting.

I would not trust any banks. Even the gold and silver accounts. I doubt they even have the gold and silver in their vaults that matches the amount that is being bought.

Any idea what is the spread for bullionstar (buy vs sell)? Looks like a good alternative if GST 6% implemented...
But limited bars....

Well, that is if you do not hold 50kg in your house. I rather not put so much of silver in my house. I think the laws in Sg are stringent enough. I mean we did once put in lots of money in the bank right? scroll all the way. you will see the excel sheet. In order to find discounts, more effort needs to be put in.

This post has been edited by sylar111: Feb 24 2014, 11:49 PM

They have a website. It tells you the spread of each bullion.
www.bullionstar.com

Indeed a good recommendation, thx a lot... Have you ever sell it? Do we need to open a SG bank account to get the money?

Another point that we agree upon. But I am looking at the Gold Savings Account from Kuwait Finance House. Very interesting since it is backed by the actual gold for every gram that you purchase from them. Furthermore in order for them to be the only "syariah" compliant gold investment system in Malaysia means that they have to have actual gold and not gold in fiat value for every gram that we invest.

Interesting but haven't really looked at it. When the work schedule lets up I will certainly investigate further. But still against my policy of "If you don't hold it, you don't own it". But just interesting.

Happy Collecting.

Well when it comes to silver and gold collecting, i believe anonymity is the best policy. Sometimes storing these things would not be so difficult. What is difficult is to avoid the devilish temptation to take pictures and show on the facebook the 50kg worth of silver all around you. If we can avoid that, not a big problem.

The other factor of anonymity is that we should never disclose where we put the silver right?.. So of course not the house.. too dangerous for the family but lots of other options.

happy collecting