Review on BuySilverMalaysia.com

Many readers have been asking my opinion on BuySilverMalaysia.com whether the company is reliable. This post provides a detailed review on BuySilverMalaysia.com.

Before we get started with buying precious metal from BuySilverMalaysia.com, let’s do a little background check. As a general rule, the first hint to check whether a website is reliable is to look at when the website was registered. The fact that a website has been operating for years and has little negative feedback, the less likely it is a scam. In other words, the older a website is, the more likely the website is credible.

Review on BuySilverMalaysia.com domain

We can tell that BuySilverMalaysia.com has been operating since 2011. The website is owned by Rolling Silver Holdings Sdn Bhd and the business is operating in Puchong, Kuala Lumpur. Nothing surprising but we now know that BuySilverMalaysia.com has been in the market for years and it is not a random guy who just started selling precious metal last month.

Review on BuySilverMalaysia.com – buying precious metal

When you first open up BuySilverMalaysia.com, you can expect a large slider banner which covers a big portion of your screen.

Review on BuySilverMalaysia.com Main Page

At first glance, the eCommerce store looks elegant. You will not see a large collection of product for sales on the home page. You will have to either click on one of the banners, OR click on the “Products” link (top left) to view the full range of product offered by BuySilverMalaysia.com.

The “Products” link in BuySilverMalaysia.com sitting at the top left corner and is not particularly attention catching. Visitors who are not used to exploring website might have a little challenging time to identify where to look for full range of product. If this is your first time visiting BuySilverMalaysia.com, be sure to click on the “Products” link to view the full range of product.

For this review purpose, I will be using a 5-gram gold bar as an example. If you are interested to purchase silver, the process of buying a piece of silver will be identical to buying a piece of gold.

Review on BuySilverMalaysia.com Gold Menu

Once clicked on Products > Gold Bullion > Gold Bar, I was redirected to a page with wide range of gold bar. I clicked on “PAMP Suisse Lady Fortuna 5 gram 999 Gold Bar” as the product I would like to purchase.

Review on BuySilverMalaysia.com gold product range

Then, I was brought to a page where I could add the product (and quantity) to my shopping cart:

Review on BuySilverMalaysia.com PAMP Suisse Lady Fortuna 5 gram 999 Gold Bar

I entered quantity ‘1’ and clicked on “Add to Cart“, the screen was updated. I got an notification that my “PAMP Suisse Lady Fortuna 5 gram 999 Gold Bar” has been added to my shopping cart.

Review on BuySilverMalaysia.com added to cart

What worth mentioning is the Live Pricing feature offered by BuySilverMalaysia.com. Not many online dealers have Live Pricing that allows customers to buy precious metal closest to spot price. Most dealers are adjusting their pricing on daily basis or during a big fluctuation in spot price. BuySilverMalaysia.com deserves a thumb up for this thoughtful feature.

I clicked on the “Checkout” button and I was redirected to a page to review my order.

Step 1: Review Order

Review on BuySilverMalaysia.com - Step 1

If you are an existing member in BuySilverMalaysia.com, simply click on the “Member Checkout” button to login and continue your order. Else, if this is your first time buying from BuySilverMalaysia.com, you can always use “Guest Checkout” button. I used the “Guest Checkout” option in my purchase.

Step 2: Address

Review on BuySilverMalaysia.com - Step 2

In this page, I filled up the billing and shipping address for the product I have just ordered. Since my billing address and shipping address are the same, I clicked on the check box “Use the same address for both billing and shipping“. All address column values on the left were populated to the right. Upon completed filling up my address, I clicked on the “Continue” button that could be found at the bottom of the page.

Step 3: Make Payment

A message box from the web browser popped up to show me that my order price has been changed.

Review on BuySilverMalaysia.com - Price updated

The price was 768.25 and got changed to 768.45. The reason is when I was filling up addresses (in Step 2). Gold spot price changed and the price got reflected immediately on my order. I’m pleasantly surprised by how efficient BuySilverMalaysia.com Live Pricing worked.

Review on BuySilverMalaysia.com - Step 3

The only thing that got a little annoying is the long list of payment options (banks) provided on the right panel. I have to scroll all the way down to find the “Place Order” button.

Review on BuySilverMalaysia.com - Place order!

I selected “Bank transfer” option using Maybank to enjoy 3.5% rebate. Who doesn’t like saving anyway?

Step 4: Thank You

Once clicked on the “Place order!” button, a thank you page was displayed to remind me to bank in the order amount within the next 2 hours.

Review on BuySilverMalaysia.com - Step 4

At the same time, I also got an email notification that my order has been received by BuySilverMalaysia.com.

Review on BuySilverMalaysia.com - Order received

Later of the day, I received another email that my order has been confirmed and is being processed.Review on BuySilverMalaysia.com - Order Confirmed

I placed my order on Friday afternoon. An order confirmation was received on the same day evening. Then a shipping notification was received on Tuesday.

Review on BuySilverMalaysia.com - Order Shipped

On Wednesday evening, I received my gold bar!

Review on BuySilverMalaysia.com - Package 1

Review on BuySilverMalaysia.com - Package 2

Review on BuySilverMalaysia.com - Package 3

Review on BuySilverMalaysia.com - Package 4

Review on BuySilverMalaysia.com - Package 5

That’s it! My “PAMP Suisse Lady Fortuna 5 gram 999 Gold Bar” has arrived safely.

Feedback

The process of buying from BuySilverMalaysia.com is pleasant. As much as I’m happy with the whole process, I will highlight a couple of pros and cons during my shopping experience with BuySilverMalaysia.com.

Pros:

  1. The web store is a professional eCommerce site. Shopping cart is in place to handle variety of product in one order. Operating 24 hours 7 days a week.
  2. Live Pricing is a plus point that impressed me.
  3. Payment gateway is well integrated with iPay88 and PayPal. However I believe most buyers would prefer bank transfer to enjoy the additional 3.5% rebate.
  4. Delivery packaging is in superb quality.

Cons:

  1. I placed the order on Friday. I would not expect my order being processed and sent out on the same day. I did expect it being processed on the next working day, which is supposed to be on Monday. However I only got a shipping notification on Tuesday. One day off my strict expectation but it is still within a reasonable time frame.
  2. Usability of the website has room for improvement. For example, in order to reach to the full range of product, I have to click on the small “Products” link on top left corner. I have no idea where the overlapping banners will bring me to until I placed my mouse on the banners and clicked on it. Another example is the long list of bank during Checkout which made the “Place Order!” button not obvious.

BuySilverMalaysia.com is one of the best online dealers I have dealt with. The company is reputable and the website comes with good security features. There is no mistake happened throughout my entire purchase process. The order was processed within a reasonable time frame and packing quality is perfect. Definitely a thumb up from a happy customer!

Hope you have enjoyed and find this review on BuySilverMalaysia.com useful!

Silver Malaysia eBookTo find out more reviews on other precious metal dealers in Malaysia. Please check out Practical Guide For Investing Silver In Malaysia, an eBook specifically written with a Malaysian’s context for silver investment. Click here to find out more.

Densimeter Malaysia

Weight test is the most common method silver dealers and silver investors practice to quickly verify whether the silver is real or fake. Silver weight is usually slightly heavier than the specified weight to avoid quality control rejection.

Most people might think using high precision electronic weighting scale to test is sufficient. Unfortunately that is not true.

The specification for 1 oz Canadian Maple Leaf coin weight 31.1 gram. Below there are 2 Canadian Maple Leaf 1 oz coins – one real and one fake.

compare

The FAKE coin is weighted exactly 31.1 gram. If the person who is measuring it is not experienced enough, he would have thought this is a real Canadian Maple Leaf.

Densimeter is one of the most accurate device for measuring the purity of metal content. It can be used for measuring gold and silver purity. This is how a Densimeter looks like:

densimeter malaysia

The science behind Densimeter is dividing weight (gram) by volume (cm−3). Density for pure silver is 10.49 g/cm−3. Ideally, If we take a silver item (whether coin or bar), get reading of weight and volume. Then divide weight (gram) by volume (cm−3), it should be 10.49g/cm−3.

For most people, after knowing formula for silver density, would still have problem practicing it because they will usually get stuck at measuring the volume. Densimeter is the device designed specifically to solve the measuring problem.

Densimeter In Action

fake-with-water

real-with-water

The metal plate is an aluminum plate. Aluminum is a softer metal compares to silver. The reason for using aluminum is so that when silver contact with aluminum, silver would not be scratched. If there is any harsh contact between aluminum with silver, the aluminum will be scratched instead of the silver. In other word, the silver is protected from scratches.

water-cover

Densimeter works by hanging the aluminum plate from top – without touching any part of the container. The weight of the aluminum plate is fully supported by the 4-leg hanger. Put the silver that you want to measure into the water. The amount of additional water volume would add extra weight to the electronic weight.

Since plain water has density of 1g/cm−3, each additional 1 gram would represents 1cm−3. The volume is represented by the weight. In other words 1g = 1cm−3

The Manual Calculation

In this experiment, the FAKE Canadian Maple Leaf has weight of 31.1 gram and volume of 3.66 cm−3. The density for the FAKE Canadian Maple Leaf is 31.1/3.66 = 8.49g/cm−3 which is far away from the expected value of 10.49g/cm−3.

While for the REAL Canadian Maple Leaf has weight of 31.2 gram and volume of 2.95 cm−3, the density for the REAL Canadian Maple Leaf is 31.2/2.95 = 10.57g/cm−3 which is very close the expected value of 10.49g/cm−3. Difference is merely 0.09. For silver, the density variance of  +/- 0.3 is acceptable.

Using Density Calculator (FREE with Densimeter package)

This is a simple software known as Density Calculator. It works by using the concept of metal density. With this, the user will know the metal type base on weight and volume – without worrying the different type of complicated density as shown above.

This example shows the FAKE Canadian Maple Leaf reading. The reading for weight was 31.10 gram and volume is 3.66 gram. Only inserting two readings into the calculator, it will display a result that this is an Unknown type of metal. Hence, the software tells this is a FAKE Canadian Maple Leaf coin.

This example shows the REAL Canadian Maple Leaf reading. The reading for weight was 31.20 gram and volume is 2.95 gram. Again, by only inserting these two readings into the calculator, the software will display a result that this is .999 purity silver.

In order to demonstrate how accurate / sensitive the calculator is, the following test is done:

The test was done by adjusting the volume to 2.85 cm−3 (which is 0.1cm−3 lower than the REAL silver measurement). Upon performing the calculation, it would detect the metal as Unknown. The calculator has a range of +/- 0.3 acceptance in density. The increase or decrease of 0.1cm−3 in volume would lead to 0.37 change in density, therefore it would not be recognized as .999 silver. This test shows the density calculator has high accuracy and high sensitivity.

With this easy to use Densimeter and Density Calculator, every precious metal investor can measure the purity of silver (and gold) easily at home!

Click here to watch a video tutorial how to use Densimeter to test gold and silver purity.

goldsilvertools

For more information, please visit Gold Silver Tools and enjoy *FREE* Delivery (for limited time only) throughout Malaysia.

How To Find Good Silver Deal

For silver market in Malaysia, a typical transaction would be a dealer bought his stock (silver coins, bars, rounds) from overseas supplier in bulk. Then, he sell the stocks to you in smaller quantity. You are buying his silver at a retail price. The dealer makes a margin as profit.

Sometimes, if you are buying a reasonably large number of silver, let’s say 100 oz or more at one go – you might want to purchase directly from overseas. The advantage is, you cut down the middle man (dealer) cost. The disadvantage is, the transaction a little more troublesome and delivery takes longer than a local dealer. (I have written a detailed step-by-step guide on how to purchase silver from overseas here).

What I want to show you today is, how to buy silver locally with overseas price, cheaper than overseas price!

This is a screen capture I took from APMEX website:

apmex

Assuming that I want to buy 10 oz of silver, each oz will cost $23.19. If I convert that into Ringgit…

usd

$23.19 is equivalent to RM73.27. If I’m buying 10 x 1 oz of silver, that would be RM732.70.

This is where it gets interesting… A local dealer (Silver Street) is selling a pack of 10 x 1 oz of silver at RM730. This price is even cheaper than the overseas website price!

silver-street

By the way, overseas delivery is usually much higher than local delivery. In this case, APMEX charges fixed $49.95 per shipment plus weight surcharge ~$0.30 for every oz in the shipment. While Silver Street only charges flat rate RM8.

By now, some people might thought this is a scam where someone offer irresistible low price for an item and would disappear after the payment is made. However, this is not the case because I’ve been buying from Silver Street for a long time. This company has a track record of offering silver products at very competitive price.

silver_1d_o_USDSilver price has increase quiet significantly on last Friday (28th June 2013), website like APMEX uses live spot price. When silver spot price change, APMEX price follows changing almost immediate. However Silver Street did not adjust the price to reflect the change in spot price. Is this a good thing? Well, good for investors but bad for the company pocket.

The good news is, if you are reading this on Monday morning (1st July 2013), you can still make it to buy some silver at such low price. The price will most likely only be revised by Monday noon. Such deal might not come every day, but when it comes do make sure you grab it.

Silver Malaysia eBookTo find out more about silver investment in Malaysia, take a look at the eBook: Practical Guide For Investing Silver In Malaysia. You will find out my tips  for investing silver in Malaysia.

Silver Street

Silver items price might be varied at the point of publishing this article and the point of visitor visiting Silver Street website.

Silver items price might be varied at the point of publishing this article and the point of visitor visiting Silver Street website.

Silver Street by AA Stackers Enterprise is one of the fastest growing silver dealers in Malaysia that provides affordable silver investment items to the general public. I have personally met up with the founder, Afham Aziz several times for multiple purchases. I found he is reliable, professional and provide valuable service for silver investors. He is someone I would pleasantly deal with again.  Below is an interview I recently have with Afham on 6th May 2013.

==== Begin of Interview ====

daniel-fooDaniel (SilverInMalaysia.com): Hi Afham, I have seen you started your silver store since day-1, where your web-store only started with 4-5 products until you now have a professional and comprehensive e-commerce website, http://www.silverstreet.my/ Yourselves being the founder of Silver Street, what made you so determined and passionate on  providing silver investment items to Malaysians?

Afham AzizAfham (Silver Street): Actually, business is my passion. I always aim to become a successful businessman. To achieve my target, I never give up looking for a good opportunity. In year 2011, a friend of mine has shared his interest in gold investing. His convincing perspective and information, has become an eye opener. The feeling to involve in silver investment business becomes stronger when I found that within 1 year (2011 -2012), there was a 30% gain in gold price. So, I did a lot of research and study about precious metal price movement. My research has provided me with the understanding that silver has better prospect than gold.

Daniel: I have personally bought from you a couple of times. You have proven that you do provide great service to your customers; I have no doubt on what you have just said. So, do you think silver has good potential?

Afham: Customer satisfaction is always my priority in my business approach and I am glad that you are happy dealing with me. To be honest, I never think any other business that has potential as good as silver. Comparing to gold, silver has larger market segment as well as affordable to all levels.

Daniel: Why?

Afham: Most of us know that silver is widely used in our daily life. Computer, hand phone, photography equipment and any other electronic devices need silver as the best conductor and the demand for these products are increasing over the time. When we were in younger age, computer and hand phone were luxury items but today, they are a need in our life. This demand will increase in future where the silver supply is decreasing. Hence, bullish momentum in silver will continue.

Daniel: Let’s get back to your web store, do you think it is safe to buy silver online these days?

Afham: Yes, definitely. Even we do not provide insurance as Malaysian courier does not cover for precious metal, but we never face any missing or undelivered parcel. Also, we guarantee you that our silver bar and coin are genuine. We did random test on stocks from time to time and all of them passed the test. If customer wants to ensure that silver they bought are genuine, they can get an Densimeter scale from our online store.

Daniel: How do you ensure your customers really received what they have paid for? Well ok, let me put this plainly, how can the customers make sure that after they paid you money, they would not be cheated?

Afham: We have 100% satisfaction guarantee policy. If any customers are not happy with their purchased products, we will offer 100% refund of the product’s price. Just let us know within 7 days. By the way, our market is not only limit to Malaysian. We have our customers in other nations like Brunei and we even sold and shipped to customer in Europe. They trust us, why don’t you?

Daniel: That’s impressive. I just visited your web-store 15 minutes ago, I saw your web-store have so many silver items, which item should investors start looking at? 

Afham: Silver buyers are divided into 2 categories – one is collector and another is investor. We have covered both categories. For collectors, they may look at our Lunar Series range as the mintage of 1oz coins is just 300,000 pcs worldwide and all of them were sold out at mint. Even its premium is little high, but it offers stability and uniqueness. Stability in price is very important especially when silver price is so volatile these days. Another group of buyer is investors and they often look for lowest premium possible. We have silver bars and famous low premium coins – Canadian Maple Leaf and American Silver Eagle (ASE) to win this group. We believe, our price are among the lowest in the market.

Daniel: That’s a good piece of advice. When I first started investing in silver, no one ever gives this sort of advice and I was kinda lost by trying out things one by one – which was a really painful lesson! To certain extend, I even lost money for buying wrong type of silver. You know, that’s why now I’m dedicated to provide silver investment education in my blog and my eBook.

Afham: Doing something that we are not really good at is a risk. I myself experienced all those ups and downs but the most import is we learn from it – be it good or bad experience. To keep risk as low as possible, I read a lot about precious metal investment and your blog was one of them. I would say, your articles played big part in my decision to involve in this business. I think, I have to thank you for such a good and informative articles.

Daniel: You are welcome. Alright, let’s wrap this up, if I want you to provide 1 most important silver investment advice, what would that be?

Afham: Before anyone start, educate yourselves about silver investment. Knowledge is the king. Once you think you are ready, buy silver consistently every week or month to get the best out of it. It is always better to prepare for the worst than merely praying for the best.

Daniel: That is another great advice. So, if people want to find out more about the silver items you are selling, how can they reach you?

Afham: Your readers may take a look at our online store, http://www.silverstreet.my They also can reach me at +60 13 926 6600 or email sales@silverstreet.my if they have any inquiries.

Daniel: Ok, thank you very much for your time!

Afham: You’re welcome.

==== End of Interview ====

Silver Malaysia eBookTo find out more about silver investment in Malaysia, take a look at the eBook: Practical Guide For Investing Silver In Malaysia

Polis Diraja Malaysia Report

If there is one worst thing could happen to your silver investment, it would this.

The below victim is conned by a man name Fam Kim Siong (Maybank account: 154017536054) of RM1,500 for buying silver online. Victim’s personal details is being blurred on purpose to protect victim’s privacyThis information is uploaded here with the victim’s permission to alert everyone else who are buying or planning to buy silver online.

Polis-Diraja-Malaysia-Report

The same con man has cheated another person worth of RM3,500 with the promise of delivering gold. In both cases, once he received the money through bank transfer, he can no longer be contacted.

Buying silver online could be one of the cheapest method to buy silver, however there are always 2 sides of every story. Some people would rather paying a slightly higher premium (more expensive) to only buy from reputable dealers; while some would take the risk to buy lower premium (less expensive) from less reputable dealers. As much as the choice is yours, I would like to give you a few quick tips:

  • If this is the first time you buy from a dealer, always consider Cash On Delivery (COD). COD is a method you collect silver and pay cash when you meet up with the dealer. If the amount is small (less than RM1,000), you should consider meeting at coffee shops or shopping center; if the amount is relatively larger (more than RM1,000), consider meeting up in a bank so that money can be deposited into bank account immediately.
  • If this is the first time you buy from a dealer, always test his silver by buying a small amount first. Yes, it is OK to buy just 1 oz for testing purpose (of course, you don’t have to tell him that you are testing him). Investment grade silver is always 99.9 fine silver. Spend a little money to ensure the dealer is selling genuine silver. If you are planning to buy larger amount from the same dealer later, you might even want to send his silver to assayer service (this is the professional level of testing). Your silver will be cut into pieces to verify the inside content. However, you might not be able to sell this piece of silver in the future later. If you want to take a less destructive method of verifying the silver content, consider using a Densimeter. It measures the density of the silver item by dividing the reading of weight by volume. Your silver would not be affected.
  • As Warren Buffet said, “don’t put all your eggs into one basket“. If you are buying a large amount of silver online, you should discuss with your dealer to separate the delivery into few shipments. For example, if you are buying 120 oz of American Silver Eagle (equivalent to 6 tubes, each tube has 20 oz),  you can request these 6 tubes to be sent in 2 batches (3 tubes each batch on 2 different days).

There are many, many other tips you should know when investing in silver. Obviously, I could not cover them all in this short article, I do hope you would consider looking into my eBook Practical Guide For Investing Silver In Malaysia to find out more about the tips. The above victim’s case is a perfect example of those “costly mistake” anyone could make. If he have read the eBook before investing in silver, I’m fairly confident he would have avoided such “mistake”.

Silver Malaysia eBookIn the eBook, I’d also provide you a list of trusted and reputable dealers in Malaysia that you can safely buy your silver from. In fact, I personally buy from these companies / individuals. To find out more about silver investment, take a look at eBook: Practical Guide For Investing Silver In Malaysia.

The Truth

Have you watch the video? Please watch. “The Truth” is a highly awakening video everyone should watch. Really.

If you are now in certain form of debt (including credit card debt, personal loan, car loan, Ah Long debt, or any other creative debts), this did not happen by chance. The global monetary system is designed to get you into debt. The more debt you have, the more powerful “they” have over your life such as indirectly forcing you to cling to your job. When it comes to money, nothing happened by chance. The truth is, EVERYTHING is there for a reason and the reason is usually NOT benefiting you. Monetary system could simple if you understand how it works; but if you don’t, I recommend you take your time to look at these FREE educational videos I have compiled over long period of time.

Last week, I shared Rio Tinto’s Kennecott which contributes to US 16% annual silver production has landslided. This mine will likely shut down production. 5 million oz of annual silver supply (and 500,000 oz of annual gold supply) is vanished.

This week, I will share with you more precious metal mines are closing down due to the recent crash of silver (and gold) price. For the miners, it is simply not worth the cost to bring out new metal when the production cost is higher than the gold & silver price they can sell for.

1. Drumlummon Mine, United States

Miners drill holes on a grid pattern in the Drumlummon mine in 2010

Miners drill holes on a grid pattern in the Drumlummon mine in 2010

U.S. Silver & Gold is shutting down its historic Drumlummon mine because it costs more to produce an ounce of gold than it’s worth, the company announced on April 24, 2013.

During the first three months of 2013, the mine near Marysville produced just over 2,100 ounces of gold at a cost of nearly $2,300 per ounce. At the point of  the announcement, gold price was only $1,431. To put this into simple  layman terms, no businessman would want to continue an operation that requires RM2.30 to produce a product that can only be sold at RM1.40. Fair?

2. Pascua Lama, Chille

Pascua Lama

Pascua Lama is supposed to bring 700,000-800,000 oz of gold and 35 million oz of silver annually. Barrick (the company) is considering permanently suspending the Pascua Lama project. Barrick CEO, Jamie Sokalsky said “we are working to address the environmental and other regulatory requirements on the Chilean side of the project“. Do note that the shut down of Pascua Lama is due to environmental issue rather than silver & gold price crash. However, this would impact the global supply of physical gold and silver severely.

Knowing that for every 100 oz of paper silver being traded, there is only 1 oz of physical silver back them. For every 1 oz of physical silver that you buy at current suppressed price, you are making the silver manipulators to walk on a thinner layer of ice and helping to bring silver back to their true value.

Silver short term price movement might not be too exciting. Last week, I shared that silver price is “potentially” going to $20 within the next few weeks. Of course, do not know for sure if that would happen. But I will share with you what I observe:

Descending Triangle is one of the patterns in Technical Analysis. We draw one trend line that connects a series of support and a series of high. Once the breakdown occurs, the price is potentially going lower.

Descending TriangleHere is how silver price chart looks like:

Click on image for full resolution

Click on image for full resolution

How low would it go? I do not have the answer. However, during such suppressed price, I see it as an great opportunity to buy silver at undervalue price.

The MOST interesting part about our current situation is, regardless how low silver price, you might NOT be able to buy physical silver. Click here to see some proofs of physical silver shortage happening in both our Malaysia local silver stores and other silver stores in overseas.

Assuming that there is silver, premium (which contribute to the final purchase price) is much higher than it used to be. The premium for silver bullion is being updated 2 to 3 times in a week. The disconnection of silver spot price and physical silver is obvious and getting wider. Right now in US (a matured silver marketplace), it has been reported that some dealers are charging premium of more than 25%.

Looking at the silver chart earlier for the potential downtrend. This could be just the beginning. So, EVEN if silver price drop to $11, PHYSICAL silver might be selling at $30, $60, or even $100. In fact, I would be worried for you if you could still find silver at that time.

Silver Malaysia eBookTo find out more about silver investment, take a look at eBook: Practical Guide For Investing Silver In Malaysia. You will find out where I personally buy my silver from and my review on the dealers.

MySmartGold – Prime Silver Bar 500 gram

MySmartGold has recently added a new product which is a 500 gram silver bar known as Prime. This silver bar does NOT come with certificate like PAMP SUISSE (1 kilo) silver bar and Oneasia Gold Mint (500 gram) silver bar.

500 gram silver bar is suitable for silver investor who wish to stack large amount of silver using lesser space. 500 gram of silver is equivalent to 16 troy oz of silver. In other words, some investors might choose to buy 16 individual 1oz bar for liquidity purpose while some investor who wishes to save space would choose such 500 gram silver bar.

This group of investor should be fairly confident with their cash flow that they do not need to sell off their 500 gram silver bar urgently in the near future. 500 gram silver generally has lower liquidity compare to smaller size investment grade silver bar (or round) such as 1oz. If a silver investor wishes to sell of the 500 gram bar, it might take a little longer compare to a 1oz silver bar.

Of course, one can argue that there is always a buy back policy. In the previous post, I posted this image:

What investor needs to be aware in buy back is the spread. There is always a spread being involved in buy back. Regardless how big or how small the spread is, spread is always equal to a cut in profit. Before executing your option for asking the vendor to buy back your silver, you might want to consider selling it yourself to minimize the lost in spread.

As always, the concern with selling silver yourself is the hassle and waiting period. So, you will need to analyze your financial situation and storage before deciding what size of bar to invest in.

eBook Silver Malaysia

Practical Guide for: Investing Silver in Malaysia

The first silver investment in Malaysia eBook has been published titled Practical Guide for: Investing Silver in Malaysia !

Please click on the Download button below. It will lead you to a very simple registration page. I will need your name and email address so that I can send it to you. If there is a newer edition of the book, I will notify you through the email you have provided.

Sorry, this eBook is taken down for information update. Please subscribe to my mailing list . I’ll inform you immediately when the book is open for download again.

Sorry, this eBook is taken down for information update. Please subscribe to my mailing list . I’ll inform you immediately when the book is open for download again.

“Read this ebook. You will learn how to purchase your first silver coin in Malaysia within the first few pages. Daniel had done a great job producing this practical guide!”,

– KCLau, author of Top Money Tips for Malaysians and Top 93 Personal Finance FAQs in Malaysia


Ah Yu Electronic Scale

Ah Yu, one of the silver accessories sellers in Facebook. I bought an 2000 gram electronic scale from him. The accuracy for the electronic scale is up to 0.01 oz and 0.1 gram respectively. The cost is RM 75.

Here are some of the coins, rounds and bars I have that I used the electronic scale to measure their weight. The following image is my latest collection American Silver Eagle 2012. You might barely see the “2012” in front of the coin, but the device shows the coin weight perfectly at 1.00oz. Continue reading

Asiana Sulong

This is a review on one of the most active silver sellers in Malaysia. Asiana Sulong has been selling her silver in Facebook for some times, I have bought from her 2 times. Overall I’m happy dealing with her except there is a little misunderstanding in the delivery process but gratefully we managed to sort it out.

Anyone who has bought from Asiana Sulong before might probably recognize the following picture. In fact, I published the photo on my Facebook and immediately there was a friend commented on it saying “It must be Asiana Sulong packing!“.

Continue reading