this is what i can get from a fb group page.
1. Silveray Enterprise - http://silveray.lot.my/
2. Silver Bullion Coin for Malaysians – http://www.silverformalaysia.com/p/bi-weekly-promotion.html
3. Merlip-Merlip Silver Shop – http://merlip.lot.my/
4. Silver Stacker – http://stackers.lot.my/
5. ClickGold2u Silver Coins & Bar – http://www.clickgold2u.com/silver?page=2
6. Silver Bull-lion – http://www.mudah.my/silver-bull-lion
7. One Cheap Silver – http://www.1cheapsilver.com/
8. Silver Bar Coins & Dirhams – http://www.silverkini.com/
9. SILVER INVESTMENT-MALAYSIA - http://silver-investment-malaysia.blogspot.com/
10. True & Trusted Silver (T&T SILVER) - http://www.tntsilver.com.my
11. Pamp Suisse Silver Bullion - http://pamp.lot.my/
12. Silver AG+ - www.silverstore.lot.my
_______________________________________________
Malaysian eBay Seller (Klik pada 'Items for sale' atau 'visit store' pada profile seller) :-
1. SilverMalaysia - http://stores.ebay.com.my/silvermalaysia
2. inthedark957 - http://myworld.ebay.com.my/inthedark957/
3. ngeking252- http://myworld.ebay.com.my/ngeking252/
4. 88shops - http://myworld.ebay.com.my/88shops/
1. Best quality for bullion pricing:- Buy perth mint product. Highest ROI. Australia Lunar, follow by Kookaburra, follow by Koala.
2. Highest return in numismatic value: CHinese Panda
also highest amount of fraud and fakes coin.
3. Most recognizable in Malaysia:- Maple Leaf.
4. Easiest to get white spot, oxidation :- Canada Mint product, follow by Phil, follow by Panda, followed by eagle,
last perth mint.
Goldchan
I'm new here and find this thread very lively and informative. Great to learn that so many are aware of the need to own physical silver. Having read every post from the beginning, I summarise that there are concerns about authenticity of some silver products, high premiums, import duties, dangers of "paper silver" (ETFs, etc), liquidity of the bullion assets, and a general lack of choice of reputable dealers and silver bullion products.
I started accumulating silver (and gold) several years ago and have found that besides holding coins in my personal custody, another more cost effective and convenient means of owning and holding physical silver (and gold) is through an Allocated Bullion Account with various Dealers of international repute. Since this option has not been discussed here, I'll share a few key points:-
(1) Safety - You own professional grade London Good Delivery Bars (Assayed, audited and stored in LBMA accredited vaults)
(2) Outright Ownership through a Bailment arrangement - Not a pooled account, bullion certificate program, ETF, etc.
(3) Extremely liquid - able to buy and sell online 24x7
(4) Cost effective - Very low spread and much lower premium compared to coins.
(5) Able to take personal custody of your metals if or when you wish.
(6) No minimums - You can start with 1 ounce!
The only "disadvantage" is that you'll have to pay a monthly storage and insurance fee. However, you'll be surprised to know that the premiums we pay some of these local dealers is more than sufficient to pay storage & insurance for several years!
My personal strategy is to hold just sufficient coins for emergencies (like bank run, sudden monetary crisis, currency debasement, etc). So this is like a "Savings Account". The balance is kept as "Fixed Deposit" at these internationally credited vaults. I've done a review on three of the companies I personally have been using for years. Do check them out.
(a) BullionVault
(b) GoldMoney
(3) Anglo Far East (AFE)
Here's the Comparison Chart, Fees Summary, and Basics of Allocated Bullion Accounts.
Hope this helps, and stay prepared!
"Be prepared for a financial catastrophe - Not because we’re 100% sure it will happen, but because we can’t be a 100% sure it won’t happen" Chris Martenson.
This post has been edited by PoliticalMetals: Apr 1 2011, 04:02 PM
1. Silveray Enterprise - http://silveray.lot.my/
2. Silver Bullion Coin for Malaysians – http://www.silverformalaysia.com/p/bi-weekly-promotion.html
3. Merlip-Merlip Silver Shop – http://merlip.lot.my/
4. Silver Stacker – http://stackers.lot.my/
5. ClickGold2u Silver Coins & Bar – http://www.clickgold2u.com/silver?page=2
6. Silver Bull-lion – http://www.mudah.my/silver-bull-lion
7. One Cheap Silver – http://www.1cheapsilver.com/
8. Silver Bar Coins & Dirhams – http://www.silverkini.com/
9. SILVER INVESTMENT-MALAYSIA - http://silver-investment-malaysia.blogspot.com/
10. True & Trusted Silver (T&T SILVER) - http://www.tntsilver.com.my
11. Pamp Suisse Silver Bullion - http://pamp.lot.my/
12. Silver AG+ - www.silverstore.lot.my
_______________________________________________
Malaysian eBay Seller (Klik pada 'Items for sale' atau 'visit store' pada profile seller) :-
1. SilverMalaysia - http://stores.ebay.com.my/silvermalaysia
2. inthedark957 - http://myworld.ebay.com.my/inthedark957/
3. ngeking252- http://myworld.ebay.com.my/ngeking252/
4. 88shops - http://myworld.ebay.com.my/88shops/
1. Best quality for bullion pricing:- Buy perth mint product. Highest ROI. Australia Lunar, follow by Kookaburra, follow by Koala.
2. Highest return in numismatic value: CHinese Panda
also highest amount of fraud and fakes coin.
3. Most recognizable in Malaysia:- Maple Leaf.
4. Easiest to get white spot, oxidation :- Canada Mint product, follow by Phil, follow by Panda, followed by eagle,
last perth mint.
Goldchan
QUOTE(pubmut @ Jan 15 2011, 08:30 PM)
This is a rather interesting thread and here is what I know to date.
The purpose of getting silver is not just to realise capital gains when the stock market crashes, but rather as a currency to purchase items when all paper currencies become ghost money. Please read Rich Dad's Guide To Investing In Gold and Silver by Mike Maloney or watch his Why Gold and Silver video.
Therefore, to accelerate the gains for the short term, one can use ETFs to trade and then convert that to physicals to leverage the cost of storage when it's time to withdraw, assuming that you know when that is (the "buy low sell high" paradox).
Public Gold/Silver/Dinar and Nubex are the only ones selling silver in Malaysia, but at a premium. I do not include those who sell on ebay.
The question of certificates is difficult, but anyone who has the capacity to produce certificates will still have to undergo assays should the buyer be cautious. Therefore buying the more popular (and govt recognised) items is considered a safe bet, such as Silver Eagles, Maple Leafs and Philharmonics.
Msian Customs applies a 5% excise and 10% sales tax on coins brought into the country. You can call Customs to find out or just look up tariffs.customs.gov.my.
There are no tariffs for bars and so you can buy as many as you like. Popular items are Johnson Matthey and Engelhards, but there are others like Sunshine (who mints the Silver Eagles), SilverTowne, Morgans, Scottsdale etc.
Storing physicals in the safe deposit box is going to be a challenge when we do have a bank run and the bank will effectively close, so buying a home safe may be the next best option. There is an alternative to the bank's safe deposit box - see www.rsdb.com.my.
The closest place you can buy physicals would be Singapore - see www.silverbullion.com.sg and www.royalsmithbullion.com. These outfits have a premium of about SGD4 above what you buy from the US minters, except that RoyalSmith is slightly lower than SilverBullion due to lower overheads. However, RoyalSmith's preference is Silver Eagles for coins.
If you'd want to get physicals and cheaper than Singapore, the best route would be to buy bars. If you want coins, the best route is through your trusted friend(s)/family in Singapore, where you would have a 7% GST plus other charges deemed relevant by Customs.
buysilverinmalaysia is quite likely to be ETFs related and less physicals based on the ads it runs in the Star paper. Any which way, the decision is yours to make.
Lastly, please be responsible with your cash flow and buy silver with your investment or play money. You still need to go out and buy food with your cash until the event horizon. Family financial planning is necessary, even for the single guy/gal. You can't eat silver, no matter how shiny it is.
I hope this has helped you get up to speed, short of the technicalities.
Regards
The purpose of getting silver is not just to realise capital gains when the stock market crashes, but rather as a currency to purchase items when all paper currencies become ghost money. Please read Rich Dad's Guide To Investing In Gold and Silver by Mike Maloney or watch his Why Gold and Silver video.
Therefore, to accelerate the gains for the short term, one can use ETFs to trade and then convert that to physicals to leverage the cost of storage when it's time to withdraw, assuming that you know when that is (the "buy low sell high" paradox).
Public Gold/Silver/Dinar and Nubex are the only ones selling silver in Malaysia, but at a premium. I do not include those who sell on ebay.
The question of certificates is difficult, but anyone who has the capacity to produce certificates will still have to undergo assays should the buyer be cautious. Therefore buying the more popular (and govt recognised) items is considered a safe bet, such as Silver Eagles, Maple Leafs and Philharmonics.
Msian Customs applies a 5% excise and 10% sales tax on coins brought into the country. You can call Customs to find out or just look up tariffs.customs.gov.my.
There are no tariffs for bars
and so you can buy as many as you like. Popular items are Johnson Matthey and Engelhards, but there are others like Sunshine (who mints the Silver Eagles), SilverTowne, Morgans, Scottsdale etc.Storing physicals in the safe deposit box is going to be a challenge when we do have a bank run and the bank will effectively close, so buying a home safe may be the next best option. There is an alternative to the bank's safe deposit box - see www.rsdb.com.my.
The closest place you can buy physicals would be Singapore - see www.silverbullion.com.sg and www.royalsmithbullion.com. These outfits have a premium of about SGD4 above what you buy from the US minters, except that RoyalSmith is slightly lower than SilverBullion due to lower overheads. However, RoyalSmith's preference is Silver Eagles for coins.
If you'd want to get physicals and cheaper than Singapore, the best route would be to buy bars. If you want coins, the best route is through your trusted friend(s)/family in Singapore, where you would have a 7% GST plus other charges deemed relevant by Customs.
buysilverinmalaysia is quite likely to be ETFs related and less physicals based on the ads it runs in the Star paper. Any which way, the decision is yours to make.
Lastly, please be responsible with your cash flow and buy silver with your investment or play money. You still need to go out and buy food with your cash until the event horizon. Family financial planning is necessary, even for the single guy/gal. You can't eat silver, no matter how shiny it is.
I hope this has helped you get up to speed, short of the technicalities.
Regards
I'm new here and find this thread very lively and informative. Great to learn that so many are aware of the need to own physical silver. Having read every post from the beginning, I summarise that there are concerns about authenticity of some silver products, high premiums, import duties, dangers of "paper silver" (ETFs, etc), liquidity of the bullion assets, and a general lack of choice of reputable dealers and silver bullion products.
I started accumulating silver (and gold) several years ago and have found that besides holding coins in my personal custody, another more cost effective and convenient means of owning and holding physical silver (and gold) is through an Allocated Bullion Account with various Dealers of international repute. Since this option has not been discussed here, I'll share a few key points:-
(1) Safety - You own professional grade London Good Delivery Bars (Assayed, audited and stored in LBMA accredited vaults)
(2) Outright Ownership through a Bailment arrangement - Not a pooled account, bullion certificate program, ETF, etc.
(3) Extremely liquid - able to buy and sell online 24x7
(4) Cost effective - Very low spread and much lower premium compared to coins.
(5) Able to take personal custody of your metals if or when you wish.
(6) No minimums - You can start with 1 ounce!
The only "disadvantage" is that you'll have to pay a monthly storage and insurance fee. However, you'll be surprised to know that the premiums we pay some of these local dealers is more than sufficient to pay storage & insurance for several years!
My personal strategy is to hold just sufficient coins for emergencies (like bank run, sudden monetary crisis, currency debasement, etc). So this is like a "Savings Account". The balance is kept as "Fixed Deposit" at these internationally credited vaults. I've done a review on three of the companies I personally have been using for years. Do check them out.
(a) BullionVault
(b) GoldMoney
(3) Anglo Far East (AFE)
Here's the Comparison Chart, Fees Summary, and Basics of Allocated Bullion Accounts.
Hope this helps, and stay prepared!
"Be prepared for a financial catastrophe - Not because we’re 100% sure it will happen, but because we can’t be a 100% sure it won’t happen" Chris Martenson.
This post has been edited by PoliticalMetals: Apr 1 2011, 04:02 PM
No comments:
Post a Comment