Silver GST

Goods and Services Tax (GST) will be implemented with effective from 1 April 2015. GST rate is fixed at 6%. How will this affect your silver investment?

First of all, will GST be applied on silver? The answer is a clear YES, regardless whether you buy silver bar, silver coin or silver round.

Mr. Nur Hilmy Ahmad from Nubex Sdn Bhd (one of the largest gold and silver dealers in Malaysia) wrote to Jabatan Perlaksanaan GST and got a firm replied that GST will not be exempted from GST.

nubex silver gst

Is there any exception on products and services that do not need to pay GST? Yes there are…

According to NBC Group, GST is imposed on all goods and services produced in the country including imports. However, certain basic foodstuff likes rice, sugar, flour, cooking oil, vegetable, fish and meat, eggs and essential services such as health and private education, public transportation, residential property and agricultural land are not subject to GST.

GST will also not be imposed on piped water and first 200 units of electricity per month for domestic consumers and Transportation services such as bus, train, LRT, taxi, ferry, boat, highway tolls as well as education and health services are exempted from GST.

However, silver is NOT categorized into any of the above.

When your dealer(s) charge extra 6% on your silver purchase from 1 April 2015, they did not pocket the 6%. They are merely collecting in on behalf of the government.

So, do you buy more silver now (without GST) to avoid paying GST on silver after 1 April 2015?

That will depend where you think silver price is heading.

  1. If silver price rises much higher over the next few years, it is definitely a good idea to stock up more silver now to enjoy additional 6% profit;
  2. If silver price remains unchanged between $19/oz and $20/oz over the next few years, it is still a good idea to buy a few more ounces for 6% saving;
  3. If silver price drops more than 6% from current spot price, it will be wise to hold your purchase. A sample illustration as following: Current silver spot price is $20. If silver price drops 10% (more than 6%) next year, the effective cost for buying 1 oz of silver will be $19.08 even included GST ($20 – 10% + 6%). In other words even GST has been imposed, if silver price dropped more than 6%, you will still be paying a lower price compare to buying now without GST.

Silver Malaysia eBookPractical Guide For Investing Silver In Malaysia is an eBook specifically written with a Malaysian’s context for silver investment. You will learn different strategies, practical tips and tricks for investing in silver. Click here to find out more.

Undying Chinese

People’s Bank of China has announced it is not the best interest to continue buying more US dollar. Currently China is already the world’s largest in US dollar purchaser. China will cap its purchases of US dollars in an effort to limit the depreciation of the Yuan. The value of any currency in the world depend on the demand from other countries. Although China has not specifically mention a time frame to pull the plug, this decision from China will practically put US dollar into a worse condition.

YiGang“It’s no longer in China’s favor to accumulate foreign-exchange reserves”, said the PBOC deputy governor Yi Gang (19th November 2013) bluntly during a speech at Tsinghua University for China Economists 50 Forum.

In less than a week before the statement, Zhou Xiaouchuan, the governor of China’s central bank has also announced that PCOB would slow down on the Yuan’s pegging to US dollar. Without pegging, Chinese Yuan is potentially to appreciate 2% in a day!

china-yuan-dollar-2010-04-12

In Q3 2013 alone, China bought $166 billion US dollar reserves. As a matter of fact, China currently holds $3.66 trillion in US dollar reserves in total, which is more than 3 times that of any other countries.

China is also the largest holder of US debt, currently holding nearly $1.3 trillion in U.S. Treasury bonds.

This is a very funny video to explain relationship between China and US.

In economic fundamental, weaker US dollar means higher silver price – but is that so?

silver_1d_o_USDContinuing a down trend started last week, silver has spent the entirety of last week under $21/oz. In fact on last Friday (22nd November 2013), silver price was traded below $20/oz almost the whole day. Silver price is likely to get even lower before price start picking up.

Silver hit $20.75, its highest price thus far last week on last Monday morning, and began to fall not long after that. By noon, the precious metal was sitting at $20.34. By the end of the day silver price had sunk as low as $20.22, which is the lowest price since 9th August 2013.

Last Tuesday was a quieter day for silver. Silver price was traded between $20.22 and $20.48. However on Wednesday had more declines. Although silver began the day not far off from its price range the previous day, it had sunk to $20.12 by mid-morning and reached $19.83 by mid-afternoon.

The reason for silver price declined is due to the release of minutes from the US Federal Reserve’s Federal Open Market Committee (FOMC) meeting. Interestingly, FOMC showed that the Fed will continue quantitative easing “at full force”, but at the same time tapering is “in the cards relatively soon”.

These are 2 contradicting directions but the latter appeared to have a more significant effect on silver price.

Silver Malaysia eBookPractical Guide For Investing Silver In Malaysia is an eBook specifically written with a Malaysian’s context for silver investment. You will learn different strategies, practical tips and tricks for investing in silver. Click here to find out more.

With Market, Without Price

Last week, the manufacturer of American Silver Eagle coin, United States Mint announced:

“The United States Mint will issue its last weekly allocation of 2013 dated American Eagle Silver Bullion coins on Monday, December 9, 2013.  We will begin accepting orders for 2014 dated American Eagle Silver Bullion coins on Monday, January 13, 2014.”

us-mint-close

What this means is, U.S. Mint will not be selling any American Silver Eagle coins for more than 1 month (between 9th December 2013 to 13th January 2014). This is not the first time U.S. Mint stop taking order. The similar announcement was made in late 2012 >> American Eagle Silver – Sold Out!

The record all time high sales for American Silver Eagle coin is 39.87 million oz in 2011. At the point of writing this article (3rd Nov 2013), the coins sales has reached 39.18 million oz. If you are reading this article in mid November (or later), I’m fairly confident the bullion coins would have made a new record by passing 2011 all time high record.

ase sales

In year 2011, there was major crash in silver price and sales went all time high. In 2013, there was another big drop and again, sales demand went up significantly. It seems that the lower the price goes, the higher the demand. This defies the basic supply demand principle and cannot go on forever. Physical silver is a finite resource with infinite demand and applications. When industrial usage used up the physical silver; when investors continue to buy physical silver at a rate and volume that increasing every year, physical silver will be used up (due to low price), and people will be wondering – now what?

It is ironic to see physical silver has highly demanded yet silver price has not significantly rise since 2011. The reason is because silver spot price is still largely controlled by paper silver price. This is a “with market, without price” situation, which means there are demand for physical silver but silver spot price did not catch up. Many physical silver investors are experiencing paper lost for holding the physical silver.

Malaysia property market is the opposite of this known as “with price, without market” situation. Property prices has been soaring for the passed 5 years. Transaction has been slow since early 2013, yet price did not drop significant. I was talking to a real estate agent over the weekend, he shared that he has one property being viewed for 13 times and yet could not sell it off. Many property investors are experiencing paper gain for holding their property.

Are these both illusions that would only clear themselves over time? Personally I’m in no rush of selling silver or buying more property. What is your game plan?

Silver Malaysia eBookPractical Guide For Investing Silver In Malaysia is an eBook specifically written with a Malaysian’s context for silver investment. You will learn different strategies, practical tips and tricks for investing in silver. Click here to find out more.

US Government Shutdown

The shutdown of US Government has caused US President Barack Obama to cancel his visit to Malaysia for the 4th Global Entrepreneurship Summit 2013 in Kuala Lumpur last weekend. Obama was represented by Secretary John Kerry.

john_kerry

US Government Shutdown

On Thursday evening, discussions between Barack Obama and House speaker (John Boehner) ended after 90 minutes with no specific agreement. There is no solution to the current issue of government shutdown. However, both sides said discussions would continue to prevent the US defaulting on its debt obligations.

The current government shutdown is fundamentally due to reaching high dept ceiling. There is no agreement to resolve debt and no agreement to increase debt ceiling. A new budget cannot be agreed on and hence the government has shut down.

The United States public debt has increased by over $500 billion each year since 2003, with increases of $1 trillion in 2008, $1.9 trillion in 2009, $1.7 trillion in 2010, $0.9 trillion in 2011 and another $ 1.2 trillion in 2012.

US Government Shutdown - debt ceiling

What does debt level means? Assuming United States is a person, let’s call him Mr. Richard Lee who holds a Maybank credit card. Mr. Richard Lee’s credit card credit limit is RM20,000. He uses his credit card to buy a new smartphone, go for several vacations, buy a new laptop and ops… He has just max his credit limit of RM20,000. Instead of clearing off his debt, he made a phone call to Maybank to ask for an increase of his credit limit. Maybank credit officer raised his credit limit from RM20,000 to RM50,000. Now, he can continue spending without clearing off the previous debt. What Mr. Richard Lee does next is buy a new massage chair, buy some new accessories for his sport car, and buy some new furniture for his house – all by using his credit card. Very soon, he has again max his RM50,000 credit limit. What he did was, again he went to Maybank to ask the credit officer to raise his credit limit. The Maybank credit officer raised his credit limit from RM 50,000 to RM100,000 and he continues spending.

Mr. Richard Lee’s financial situation and United States debt level is very similar. Every time when they hit the limit, instead of clearing the debt, they are raising it to a higher limit.

When Mr. Richard Lee (as an individual) could not pay off his debt or could not raise his debt ceiling, he has to declare bankrupt. When US Government (as a nation) could not agree to cut on their spending or could not agree on a higher debt ceiling, the government shuts down.

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Despite the short-term pressure on the metals, the Federal Reserve’s continued to create a weaker dollar in the long run, lead to eventual inflation and would boost the prices of gold and silver. The endless easy money policies from central banks around the globe have created a long-term boost for the various precious metals.

Gold is known the best of the precious metals, but as its price has been driven up, retail investors have turned to silver as an alternative precious metal. Unlike gold, the great thing about silver is that there is HUGE industrial demand!

In 2013 there was a significant shortage of both American Silver Eagles from the US Mint as a direct result of record high demand. Silver ETFs have continued buying silver bullion at a record pace. Demand for the metal as a precious holding is there from physical investors, and has helped get silver back to the $24.00 mark. Aside from silver being a precious metal, it also has many industrial and technological applications. There will always be physical demand. Such demand would pick up significantly when the global economy comes fully out of recession.

john_kerry_2

As John Kerry said on last Friday (11 Oct 2013), the current crisis US going through is merely an political play and it will be over.

When the economy rebounds, there will be a spike in physical silver demand in many areas. The demand will not be just in coin and bullion form, but also in jewelry, silverware and dentistry. On the technology front, silver is one of the most conductive metals out there, and thus is utilized in photography, electronic devices, optics, medical devices/tools and most recently, in nanotechnology.

Realize that tons and tons of silver are consumed in industrial processes. Some silver are recyclable while most silver is discarded into landfills. Those silver are gone forever. It is believed that 90% to 99% of all gold ever mined is still in existence above ground – in one form or another (such as jewelry and central banks holding). Available physical silver on stockpiles as a percentage of all silver ever mined is so much smaller compared to gold.

Since 1950s silver was consumed in a variety of modern applications at a amazing fast rate. By year 2000, known stocks of silver had shrunk over 95%, to around 500 million ounces. During the late 90s, 200 million-ounce annual deficit indicates the early sign of long term physical silver shortage. Thanks to new technology such as smartphones, demand for silver is unprecedented. Eventually there would not have enough silver to meet demand. The end result will likely be a rising long-term price and intense recycling initiatives (when silver price is high enough).

Silver Malaysia eBookPractical Guide For Investing Silver In Malaysia is an eBook specifically written with a Malaysian’s context for silver investment. You will learn different strategies, practical tips and tricks for investing in silver. Click here to find out more.

Silver Coin Malaysia

Before you buy silver coin Malaysia, first you need to understand that coin is also known as legal tender. Coin is issued by the respective governments and has face value. Example of coins are American Silver Eagle (ASE), Canadian Maple Leaf (Maple), Philharmonic (Phil), Chinese Panda, etc. Coins usually have finer details on the silver. The design is usually much more attractive and beautiful compared to silver round. In Malaysia, the best selling silver items are silver coins. First is ASE and second is Maple. If you are starting out in silver investment, go for ASE and Maple. Between these 2, I highly encourage you to buy ASE. ASE has silver purity of 99.9% while Maple has silver purity of 99.99%. Milk spot is relatively easily grown on Maple compared to ASE. The condition could be as bad as even when you bought Maple from overseas, milk spot is already on the Maple coin. All the above coins are not originally minted in Malaysia. But they are common silver coin Malaysia.

silver coin malaysia

Silver Coin Malaysia

Cleaning milk spot could be a very tedious job if you have a large amount of silver to be cleaned. If you are paying the same amount of money for both ASE and Maple, why bother to pay for additional problem? Another thing to take note on buying coin is there is 15% tax (tariff code HS7118) if you are importing silver from overseas. This is the reason why you might find some sellers are selling silver coin Malaysia more expensive than silver bar and silver round. However, there are dealers who managed to smuggle silver coin Malaysia and bypass the Kastam and tax, therefore their price for silver coin Malaysia is cheaper. Do note that among coins, they carry different premium. Some premium are higher and some are lower. Higher premium means the coin is more expensive. Lower premium means the coin is cheaper. Some premium is worth paying for due to certain characteristic such as limited mintage. However not all premium is worth paying for. I advise for a start, do not invest in high premium silver coins.

You probably do not know whether certain premium for silver coin Malaysia is worth paying for yet. If we compare silver with real estate, consider low premium silver as a medium class apartment while high premium silver like exclusive bungalow. For most novice silver investors, it is safer to invest in medium class apartment. In other words it is much safer to to invest in low premium coin.

Pros:

  1. Beautiful and attractive design. Well accepted by silver investors.
  2. Easiest to liquidate silver coin Malaysia (compared to bars and rounds).

Cons:

  1. 15% tax if you are importing from overseas. If you are buying from local dealers, most dealers have already included the tax into the price.
  2. Some coins carry very high premium, if you are not familiar with premium game very likely you end up losing money.

“Silver Coin Malaysia” is a sample chapter from Practical Guide for: Investing Silver in Malaysia.

Silver Malaysia eBookSilver coin Malaysia is simple when you understand coin characteristic. Practical Guide For Investing Silver In Malaysia is an eBook specifically written with a Malaysian’s context for silver investment. You will learn different strategies, practical tips and tricks for investing in silver. Click here to find out more.

Physical Silver Shortage

Last Monday, silver price continued sliding down to as low as $22.50. Many speculated this is due to China released their GDP growth was 7.7% instead of the expected 8%. Silver is an important element for economic growth (manufacturing industrial demand), but missing 0.3% simply does NOT justify such big drop in silver price. Instead seeing this as a panic sell, this is an under-covered “price manipulation”.

This is a video that explains better the reason why gold & silver price crashed:

The video explained on gold price. Gold price is tightly coupled with silver price. When gold price goes up, silver price goes up, and vice versa. Further reading on: What Just Happened to Silver Prices

While the paper traders are selling paper silver, investors who truly understand fundamentals of silver investment are buying up more physical silver MASSIVELY during the price dip. They saw such time frame as a good buying opportunity to buy even more real physical asset with great discounted price.

The demand for physical silver is so great that many local silver stores run out of stock!

This is one of the largest silver stores in Malaysia, the physical silver supply has run out and only accepting pre-order. (Pre-order means the company accepts your order, takes your money, they will orders the stocks, and only delivers to you after the newly ordered stock has arrived. Usually at a much later date because there is simply no more stock left in the inventory at the point of taking your order.)

buysilvermalaysia

Another local silver store running on pre-order basis:

silvermalaysia

Some of the individual sellers temporary “close shop”: 

SLS

The physical silver shortage is NOT only limited to Malaysia silver stores, but a world-wide shortage. Some of the major silver dealers in overseas are ALSO having physical silver shortage:

gainesvillecoins

Another silver store from United States:

apmex

Daniel Ameduri from FutureMoneyTrends.com said:

I recently had a purchase order canceled hours after placing it (this has never happened to me before), the dealer called and told me sorry that they just couldn’t get the 1oz rounds I ordered.

To make the matter worse, US is the 10th largest silver producer, Rio Tinto’s Kennecott mine in Utah which contributes to 16% of US annual silver production just landslided. This mine will likely shut down production. 5 million oz of annual silver supply (and 500,000 oz of annual gold supply) have just been vanished. The loss of 5 million oz silver supply will have a DIRECT AFFECT on the Sunshine mint’s ability to source silver for blanks, which are used in the production of American Silver Eagle and other Sunshine brand  silver products.

landslide3 landslide landslide2

landslide6 lanslide4 landslide5

In economics 101, when a commodity is low is supply, price will shoot up. Interestingly, while current physical silver supply is low and even with the news of landslided mine, silver price did not shoot up too much. Does it mean many people are missing out such great buying opportunity? Silver price has came down to lowest point in the past 2 years, is it a good time to buy silver now?

Last week I shared about Fibonacci Retracement. Some readers wrote to me saying they didn’t really get it. So I will explain it further here. I have draw the lines on a long term silver price chart – going back as far as 2009:

fibo-resized

Click on image for full resolution (Right click, open with New Tab)

The lines consistently served as the support level and resistance level throughout the long term chart. When it comes to Technical Analysis, the longer the time frame, the clearer the trend, the more accurate decision we can call. In this chart, the data goes as far as year 2009 – 2013.

For the past 18 months, silver price has been consolidating between $26 to $36. The line at $36 served as a stubborn resistance level while the line at $26 served as a strong support level. Last week, silver price broke $26. The NEXT strong support can only be found at around $20. At the point of writing this, silver price is $23. Does it mean silver price will continue to go down to $20? I do not have the answer but the chart shows a “POTENTIALLY yes” that might happen within the next few weeks.

Someone asked:

“Where will you buy silver if price goes 20/oz or even lower?”

My response was:

When price was $30+, it’s a question of which dealer provides the most competitive price; when price is $20 (or lower), it’s a question of which dealer is still selling silver.

I have shown you proofs that physical silver shortage happens when price went down to $23 – $24. Smart investors would take advantage of the low price rather than running away from it. Many of the established dealers who were selling their silver at such price were losing money as they bought the silver price at higher price. If silver price does dropped to $20 (or lower), it is a matter of who else is still selling silver. During the recent silver price dip:

  1. The premium of silver products has increased. Premium is the difference between silver spot price and the actual selling price. Dealers usually increase premium to discourage buyers from buying because the dealers only have limited amount of stock.
  2. The delivery time for physical silver has been increasing from 1 week, to 2 weeks, to 4 weeks, and the latest reported is up to 6 weeks. No business prefers delay delivery. The delivery time will increase ONLY if the dealers genuinely do NOT have enough stock to ship.
  3. Spot price is now below mining cost. The mining cost for silver in Q4 2012 is average $25.74 but current spot price is below that, at $23. We witness for the 1st time, physical silver shortage in both local market and overseas market. Silver price can go down to as low as $11 or $12, but the question is, can you buy physical silver at that price?

Silver Malaysia eBookThe eBook: Practical Guide For Investing Silver In Malaysia will show you where to buy silver, how to buy silver and ensuring you maximize your return for investing silver in Malaysia. Click here to find out more.

No Debt, No Problem?

Last year (May 2012) when I published my 2nd Edition eBook Practical Guide For Investing Silver In Malaysia, I discussed that US is going to hit the debt ceiling of 16.4 trillion Dollar latest by early 2013. This does not require us to be a professionally-trained economist to recognize, anyone who spend a little time to learn the fundamental of economy could would predicted it.

Debt ceiling for a nation is like a credit card limit for an individual.

maybank credit cardTake example I am an employee who has a credit card with limit of RM20k. When I spend on my credit card and hit my credit limit, I have to pay it off. If I don’t, the bank is going to punish me by giving me a bad record and I will have problem getting a new loan in the future. What I do now is I ask for a bigger credit limit of RM30k, RM50k, RM100k, RM200k and RM500k. Since I have not hit my credit limit, I could continue spending.

This time, when I hit my credit limit I’m NOT going to ask for a bigger credit limit. I found a new trick, I say “temporarily ignore” the credit card limit. By “ignoring” my credit card limit, the bank cannot come after me and I’m now free from financial trouble.

Does it make any sense to you? No!

The exact same non-sense is happening to US economy. On 28 January 2013, US has “temporarily suspend” the debt ceiling. In other words, US has hit the debt ceiling of 16.4 trillion Dollar and they make it official that they are going to ignore the debt ceiling for now. What a convenient excuse! I wonder if you could tell your bank to “temporary ignore” your car loan installment and your house loan installment? :)

history

A wise man once told me, if you want to predict the future, look at the history. Very similar event has happened in US history. In 1971, President Richard Nixon has “temporary” taken the dollar off the gold standard. Before 1971, each US Dollar is backed by certain amount of gold. Today, every Dollar (or Ringgit) that we are holding is not backed by any gold, they are just paper. The “temporary” has lasted for 42 years until today.

Right now, US could continue spending and getting deeper into debt without any ceiling. Thanks to Quantitative Easing (QE3 and QE4) that happened in the last 6 months, US is printing 85 billion Dollar every month – without a definite date to stop printing. The market is flooded with worthless paper currencies. When US prints, the whole world follows to print. Bank of Japan has also announced their version of QE, they are printing indefinitely starting from 2014. This is the formula for guaranteed hyperinflation.

You might or might not have heard about hyperinflation. If you think 5% inflation is bad, this is what happened to the value of German “money” during 1920s. This is the kind of hyperinflation we are expecting in the near future.

German Mark

With such disastrous monetary policy on our way, a financial logical reaction is to allocate your wealth into precious metal. Precious metal (gold and silver) has been a form of money for many thousands of years. Human use precious metal as money long before the invention of paper money. If you think the society has modernly evolved and no longer need precious metal, consider this:

In late January 2013, HSBC Bought $876 Million Worth of Silver. Silver coins was sold out in US Mint – not once, but twice recently. A new historical sales record of 7.5 million oz American Silver Eagle coin sold in a single month just happened in January 2013, created the highest monthly sales in history.

Many smart investors have started allocating their money into precious metal, particularly silver. Today, silver remain as an affordable option in precious metal. When 1 oz gold (31.1gram) costs about RM5300, 1 oz of silver costs only slightly above RM110. Gold is the money of king, silver is the money of people and debt is the money of slaves. If you have tonnes of cash piling your garden, please go ahead buy some gold. But if you are like most people, I highly recommend you allocate some of your wealth into silver. Silver is not only a form of precious metal (that protects your wealth during financial crisis), but also a highly demanded industrial metal. Keeping a couple of silver coins is never a bad idea.

I’ve written the eBook Practical Guide For Investing Silver In Malaysia. This eBook will show you how you can invest silver in a smarter way in Malaysia. In fact, I also shared my short term, medium term and long term exit strategy. Click here to find out more.

Media Attention Phase

About a year ago, I wrote an article on titled Silver Investment Cycle. In that article, I shared the following diagram:

Last month December 2012, The Star newspaper interviewed me to discuss on silver investment. The article titled More M’sians turning to silver, rather than gold, for investment. The following is the article in case you have not view it. (Click on image to view full size)

The Star Silver Investment

Then, China Press – another Chinese mainstream newspaper covers the same story titled 取代昂貴黃金 白銀漸成投資新寵 as following (click on image to view full size):

China Press Silver InvestmentHere is another one in Malay news on TV9:

When you refer back to the Silver Investment Cycle chart earlier, we are at the Media Attention phase. If you observe the chart closely, Media Attention is also the early stage or very beginning of the up trend. In investment, we must target to Buy Low, Sell High. With silver spot price around $30 (1 oz of low premium physical silver around RM115), right now is exactly the time value investor would get into the market and start buying physical silver.

Silver Investment Media Attention

Soon in the near future, the general public would push both the price and demand into Mania Phase. That is the time when you hear your neighbours talking about silver in supermarket, friends gathering, in mamak stall, etc. By then, you know silver price has gone up so high that the cycle is about to end. That is the time you will want to sell. Well, leave that for the future. We are nothing close to there, yet!

Apart from teaching you how to invest in silver and what silver to invest, in the eBook Practical Guide For Investing Silver In Malaysia, I also share with you when will I exit my silver investment.

If you are new to silver investment in Malaysia, the eBook comes with Quick Start Guide show you step by step how to buy your 1st oz of silver at competitive price. In fact, in the eBook you will learn how to buy silver below market price! Click here to find out more.

Genneva Raided By Bank Negara Malaysia

On 1st October 2012 evening, Bank Negara Malaysia have raided the famous gold trader Genneva Malaysia Sdn Bhd and its affiliates for suspected offences under the laws administered by the respective enforcement agencies.

Bank Negara said on Monday the joint raiding operation was carried by the police, Domestic Trade, Cooperatives and Consumerism Ministry, Companies Commission of Malaysia and the central bank.

The public is advised to be cautious in investing their money to avoid becoming victims of activities that are illegal and in breach of the law,” said BNM.

BNM said Singapore’s Commercial Affairs Department also conducted a similar operation against Genneva Pte Ltd in Singapore.

Robert Kiyosaki once said, the objective of investment is to MAKE money, NOT to LOSE money. I too strongly urge you to learn be an informed investor. Learn the investment game and win the investment game. Investment is NOT a matter of luck. It about gaining the right knowledge and take the right action at the right time.

If you want to learn how to invest the correct way, take a look at the eBook Practical Guide For Investing Silver In Malaysia. You will learn how to invest silver the correct way. Most importantly, learn how to avoid precious metal investment mistakes.