MySmartGold

Silver in Malaysia – MySmartGold (Part 1)

Many people who are into silver investment in Malaysia would have come across this name – MySmartGold. This brand is backed by  Hong Cheong Watch & Jewellery Trading. They sell silver in Malaysia with honour. I believe many people have visited the below website for many times to check silver price in Malaysia. The beautiful website is a professionally engineered website with real-time web services call to retrieve live rate of precious metal (gold and silver) and then update the screen with javascript.

MySmartGold Live Rate Web Page - Silver in Malaysia

This post is dedicate to people who are interested to buy from MySmartGold but unsure how, unsure of their credibility, unsure of their professionalism or basically concerned about the whole precious metal purchase transaction. I personally have bought several bars from MySmartGold, the following is my non-bias review on their service of selling silver in Malaysia.

On the website you could find a person’s name – Marcus Chong appears repeatedly. His contact number is 016-2222355. He will be the first person you will in touch with if you are buying silver or gold from them. Unlike some other retail precious metal businesses, his phone number is always reachable. I have called him more than I could remember, there was only one time I couldn’t get him on the phone. But the interesting thing is, I got a call back from him in less than 2 minutes. (Note: There is another retail precious metal business I dealt with that I have called for several days and several times a day, yet still couldn’t get through the line.)

Once you get through the line with Marcus, he can speak fluent Mandarin, Cantonese and English (not sure how good is his Malay though). MySmartGold distributes several types of silver (different brands and sizes of bars). Please go ahead and ask Marcus and he will explain the different type of silver they are selling and will ask you which one you prefer. If you are buying more than 1 bar, you can also mix and match the bars. The last time I dealt with MySmartGold, they have the following types:

  • PAMP SUISSE bar (1 kilo – low in stock usually)
  • Hong Kong bar (1 kilo – without certificate)
  • Oneasia Gold Mint bar (500 gram – comes with assayer certificate)

They are selling all the bars with the same price, according to the rate display on the website; so you might want to consider buying PAMP SUISSE bar, Oneasia Gold Mint bar, and lastly Hong Kong bar. Of course, that would also depend on whether the size of the bar fits your investment appetite. After you have confirmed what type of bar that you want to purchase. Marcus would quote you a “at the moment” rate (as price is changing every second), but it would have very very little difference from the rate displayed on the website. You may even request him to send you SMS to confirm the price he just quoted you and the bank account number to ensure there is no misunderstanding and no room for mistake.

Next is to proceed with payment. They do accept payment from several banks. I have forgotten the another, but the one that I used was Maybank. I used Maybank2u to transfer the amount to MySmartGold company account. Note: NOT his personally account.

The lady in the image is for viewing pleasure purpose only 😛

Most people are buying silver in Malaysia at a price dip. When a price dip do comes, there will be many people contacting and buying silver from MySmartGold all together. The amount that online user can transfer is usually cap at RM 5,000. If you are buying precious metal that cost more than RM 5,000, for example RM 7500, Marcus would remind you not to bank in RM 5,000 + RM, 2500 as it would be hard for him to trace who deposited RM5,000 to him as there could be several other buyers are also banking in RM5,000 – especially during price dip and many people are buying at the same time. So, instead of banking in amount of RM 5,000 + RM, 2500, you might want to consider banking in RM3750 + RM3750. It is still 2 transfers, but it would be unique to your price.

Next, is to collect your silver in their office. However do give them prior notice that which data and time that you are arriving so that there will be people to stand by to wait for you and have your precious metal ready.

The location of the office is right behind Wisma Rockwills. Their office is near to a assayer office and next to a Mamak store. Be reminded that the area is not easy for parking. If you have a choice to drive a big car or small car on the day of collection, go ahead and drive the smaller car. As you can expect, their office is highly secured, equipped with multiple layers of gate and multiple high resolution CCTVs are install along the way to reach the office. Once you reach to the ground floor of their office, Marcus would open the gates for you accordingly.

When you reached their office, they would bring out your precious metal. Marcus would unwrap it and measure it with an electronic scale in front of you. If you are buying silver bars that comes with assayer certificate, he would also let you examine the serial number on the certificate matches the serial number on the precious metal. After that, Marcus would wrap back your precious metal and share some useful tips on how to avoid silver from tarnish.

Here you go! You have just bought MySmartGold silver bar.

The above are the standard procedure of buying silver bar from MySmartGold. Stay tuned for my next post on my personal point of view about buying from MySmartGold.

 

1StopGold Malaysia

1StopGold Malaysia

 

Greeting from 1StopGold Malaysia

I bought several PAMP SUISSE silver bars from 1StopGold in earlier of this year (2011). Today, as year end is approaching, they have sent a season greeting card as an “appreciation for your support throughout the year”…well, that’s what written on the card.

I sincerely feel this little act has touched my heart a little although there has been disagreement between us. The most interesting about the card is they printed a customized card (rather than those that people buy from bookstore) and many of the staffs signed on it (rather than a simple company stamp). I found this is very refreshing. I received many cards from people throughout the year, but I have to admit this is one of the most special card I have ever received.

They have wide range of silver product but apparently you can buy the silver bar easily. Other silver products that they offer require buying in volume and pre-order. You can look at the silver bar they are offering at: 1StopGold Malaysia However do note that the price they put up on their website is not updated live. For proper quotation on how much is for 1 kg silver bar, you will have to call in and get a official quotation / sales confirmation from them.

One cheer for 1StopGold Malaysia !

How to Buy Silver in Malaysia

How to buy silver in Malaysia

Many silver beginners have problem learning how to buy silver in Malaysia. Beginner often search through the internet and will randomly come across some sellers that provide silver to retail market but the buyers might not know what are the other options of how to buy silver in Malaysia.

 

How to Buy Silver in Malaysia - Facebook Individual Seller

Facebook Individual Seller – how to buy silver in Malaysia

Using Facebook group page is one the quickest and easiest methods to buy silver in Malaysia. There are more than 5000 members in a local Facebook silver community are actively trading silver in small to medium quantity. The number of member is still growing. The group is known as Silver Shop Lot. There are easily 50 – 100 posts each day that discuss on the active sales threads. A lot of members would closely monitor the thread in case there is any good deal that come up and they an quickly snap the deal. Apart from selling silver bars and coins (or round), the members also sell and buy silver related accessories such as air tite and weight scale. This is the most active online community for a beginner to have real life experience to learn how to buy silver in Malaysia.

How to Buy Silver in Malaysia - Lowyat Forum

Forum Individual Seller – how to buy silver in Malaysia

There are several forum threads that discuss how to buy silver in Malaysia. Some are even some discussion about precious metal in paid membership forum, but the most active forum that discusses about silver investment is in Forum Lowyat. There has already been 2 versions of the thread, the first thread is how to invest silver in malaysia, and the second (latest) version is Silver as investment V2. There is a lot of active discussion about almost everything related to silver. In the beginning of the thread, there were a lot of members offering their silver to be sold in the forum, however as more and more members were mixing the silver discussion and silver selling in the same thread, some of the members took the initiative to create another Facebook group specifically for the members from Lowyat Forum. More to be covered in the later part of the article. For now, there are still some forum members use a signature (at the bottom of a post) to notify the member on what they are selling.

eBay Individual Seller – how to buy silver in Malaysia

How to Buy Silver in Malaysia eBay

eBay is another source when you are considering how to buy silver in Malaysia. The sellers in eBay are relatively more ‘reliable’ compare to other individual seller as the seller has a reputation record that tie to their account. Buyer could leave a bad feedback to the particular seller therefore the sellers would be more responsible with their action. Of course if you are buying silver from eBay seller for the first time, do consider buying it from a seller who has a reasonable length of good history feedback from his customers / buyers. Another note, do consider buying from local eBay seller rather than international seller as importing silver coins from overseas might subject to tax. Click here to learn more about tax for silver in Malaysia. Feel free to check out a list of eBay sellers I have compiled in my website. Disclaimer: I have no direct or indirect business or personal relationship with them.

How to Buy Silver in Malaysia Website

How to Buy Silver in Malaysia Website

Website – how to buy silver in Malaysia

There are many websites floating in the internet that sells precious metal (gold and silver) as their business. Please refer to my Online Store Compilation List to check out some of the websites that are selling silver online. Be noted that such website is easily accessible and they offer higher credibility compare to individual seller. However you can forget about buying silver with a good price, big discount, or low premium. These websites typically make a good profit for setting up a good looking website for you to come in and buy silver from them. The main objective of these websites are to make money from you so that they can survive. Some might claim that they are providing a service to the public to buy silver but the bottom line is they need to earn a premium from you to ensure the continuity of their business. Nevertheless, if you are looking for a hassle free way of buying silver in Malaysia with good customer service, buying from website could be an option for you while you are considering how to buy silver in Malaysia.

Hope you have enjoyed reading How to Buy Silver in Malaysia!