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 Silver Investment Discussion, An alternative to Gold....

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woonsc
post Jan 11 2014, 12:19 PM

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Hey Guys biggrin.gif
So let say I want to invest in Gold and Silver, is Paper Gold and Paper Silver is a good choice?
woonsc
post Jan 12 2014, 08:23 AM

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QUOTE(soonming @ Jan 11 2014, 09:36 PM)
As far as my limited experience and knowledge goes... Physical is better. Are you looking at maybank investment?
But with crime rate and all physical is a risk as well.
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Something like that, I don't really have the storage space to store physical gold now, so just to diversify my investment. rclxms.gif
woonsc
post Jan 13 2014, 06:28 PM

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QUOTE(shahjaafar @ Jan 13 2014, 12:47 PM)
I just love the looks of all the coins.  wub.gif  i am like you, i like to buy various types.  I have the following in silver coins/rounds:-

1.  American Eagle
2.  Canadian Maple Leafs
3.  Mexican Libertad
4.  Kookaburas (Mind the spelling)
5.  American Buffalo
6.  Pegasus
7.  Zombucks Morgue Anne
8.  Zombucks Buffalo
9.  London Olympiad
10.  KGT Dirhams
11.  Restu Dirhams
12.  Philharmonic
13.  Britannia
14.  Chinese Panda
15.  Australian Koalas
16.  Garfield Coin
17.  Junk Silver Coins (American pre-1964 Coins in various denominations:- dimes, quarters, 1/2 dollars and dollars)

I also bought several coins that had special meaning to my family specifically the 1999 Canadian Maple Privy Rabbit, 2002 Canadian Maple Privy Horse, 2012 Canadian Maple Privy Dragon, 1999, 2002, 2012 American Silver Eagle.  These coins represents the years that my children were born.  (My wife unhappy with these purchases because of the cost)  rclxub.gif

For the Silver Bars:-

1.  Scottsdale
2.  PAMP Suisse
3.  Suisse Mint (local mint)
4.  Johnson Matthey
5.  Sunshine Mint
6.  UMICORE (I think German)
7.  APMEX
8.  Hamilton Mint (more of an art bar, bought a Rhode Island bar since I went to school in the state of Rhode Island).
9.  Silvertowne

No real strategy in buying these silver products, just kinda wing it, as long as it is close to spot, then the family buys it on a monthly basis.  Anybody else can enlighten the group on the other type of purchases that they made.  icon_idea.gif  icon_idea.gif  it would be very interesting to see the different types...  thumbup.gif

Another item that I am looking for is the silver bullet.  I saw it sold by Nicky Lee from Super Silver in facebook.. That one more for cool factor.  That is something that I am waiting the approval from my boss (my wife).  icon_question.gif Happy collecting..  thumbup.gif  icon_idea.gif  rclxm9.gif
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HAHA Thanks.

What about silver coins from CHINA?

China Panda Coins

woonsc
post Jan 13 2014, 06:55 PM

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QUOTE(shahjaafar @ Jan 13 2014, 06:40 PM)
I do have some China Pandas, but nothing much, their premiums are very high..  sweat.gif but excellent coins..  thumbup.gif
*
Let's say i have physical gold and silver, how can i sell it to the market?
And get the closest market prices.
woonsc
post Jan 13 2014, 09:47 PM

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QUOTE(shahjaafar @ Jan 13 2014, 07:02 PM)
Honestly Boss, I am not sure about the selling part because I just keep buying.  icon_question.gif The family strategy is only to look at selling after 5 years.  sweat.gif  cry.gif

But using the facebook groups in Super Silver, Silver Lot Shop and Silver Group and various others seems to be doing quite well.  I know I have bought some from the members in those groups and I think the market is quite exciting. 

For gold, there is a tremendous amount of options in facebook also.  Incredible amount of sites that do sell and constant amount of buying.  They usually put it based on the current spot price.  You would also be able to get a good indication of what your items are worth on these pages.  Just type in "emas" or "gold" in facebook and plenty of groups will show up. 

The market price is still very difficult to determine because the buyers would buy based on sentiment.  So wish you the very best of luck, but if you have anything you want to sell at a good price, i am always ready and willing to buy.  rclxm9.gif  rclxm9.gif
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Oh My..HAHAHA
>.< If buy and dn know how to sell.. HAHA..
Just like a collection, not an investment!
woonsc
post Jan 13 2014, 10:17 PM

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QUOTE(shahjaafar @ Jan 13 2014, 10:13 PM)
I am sure that once you are into it, you would be able to figure it out.  Confirm..  And look it this way, you already have 2 buyers ready to buy right now..  rclxms.gif  rclxms.gif Happy Collecting...  thumbup.gif  thumbup.gif
*
Hahaha. Okay, sure!
But will need help. You are lucky to have a investment based family.
I am all alone, and am still young.
woonsc
post Jan 14 2014, 08:10 AM

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QUOTE(shahjaafar @ Jan 14 2014, 02:47 AM)
Agree with you XtraLeoGecko, the taxation on coins is 15% I believe.  vmad.gif  vmad.gif  But if you can pick them up in Singapore, there is no tax.  whistling.gif
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CAn you explain to me..? What do you mean by taz at 15%?

woonsc
post Jan 14 2014, 01:01 PM

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QUOTE(hey_there @ Jan 14 2014, 10:48 AM)
Malaysia tax 15% on coins. Bars are lesser. I read it somewhere in silvermalaysia.com.
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I am a new investor. Can explain how they TAX/
woonsc
post Jan 15 2014, 08:25 AM

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QUOTE(maxsteel2001us @ Jan 15 2014, 12:14 AM)
i bought my silver coins in sg...only those with proof set will have GST there....non proof set no GST......

i bought some from ebay too. no need pay tax for clearance oso...
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IS it trustable?
woonsc
post Jan 15 2014, 05:38 PM

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Anyone wants to sell China Panda? biggrin.gif
I wanna buy

woonsc
post Jan 15 2014, 10:31 PM

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QUOTE(XtraLeoGecko @ Jan 15 2014, 10:26 PM)
drool.gif I hope it drops to 15/oz tomorrow so I can accumulate a few more kg at such an attractive price. brows.gif
*
OH MY GOD! SO CHEAP!
Kangkung boleh beli ni..
HAHA.. My dream come true..
woonsc
post Jan 16 2014, 07:17 AM

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QUOTE(shahjaafar @ Jan 16 2014, 12:29 AM)
I had bought some from merlip.lot.my,  rclxms.gif 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. notworthy.gif  Excellent, I believe she is based in Johor.  icon_rolleyes.gif Again, had it checked out and it was also given the seal of approval.  thumbup.gif Those were the 2 that I had bought my 2014 China Pandas. 

Good Luck and Happy Collecting.  icon_idea.gif  rclxm9.gif
*
Sorry! I am a noobie, what you mean by seal of approval?
woonsc
post Jan 16 2014, 07:18 AM

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QUOTE(shahjaafar @ Jan 16 2014, 12:33 AM)
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??  rclxm9.gif  rclxm9.gif
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Hell no! Where did you get it?
woonsc
post Jan 16 2014, 07:29 AM

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QUOTE(shahjaafar @ Jan 16 2014, 07:22 AM)
Why "Hell no".. was it to expensive?  cry.gif  cry.gif
*
It's so close to market price!
woonsc
post Jan 16 2014, 07:32 AM

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QUOTE(shahjaafar @ Jan 16 2014, 07:21 AM)
I had it checked by my bullion dealer and they found that it was not fake.. It was alright.
*
Huhu doh.gif
I am a freshie! >.<
How do you get a bullion dealer? And what do they do?

 

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