Malaysia Silver Investment Vocabulary
Note that this list of term and the definition is customized as a quick and simple explanation. Readers might find slight different definition for on the terms from other sources.
A plastic protector that covers silver from dirt, dust and scratches. Silver owner can still appreciate the beauty of the silver item although it is cover because air tite is transparent.
American Silver Eagle coin. One of the most famous and well recognized coin in the world. Most silver investor have it as this coin is beautiful and very common in silver market.
Rectangle shape form of silver. Not legal tender.
As silver price has been dropping, a sudden revert of direction in price that leads the price to go back up.
Buying silver in large quantity. The minimum quantity of a bulk purchase should not be any amount less than 20 unit. Bulk purchase could go up to several hundred of unit or even thousands.
Cash on Delivery. Seller and buyer will physically meet up to exchange silver with cash. However a small amount of deposit can be expected prior to meeting.
Round shape of silver which is a legal tender.
Dollar cost average
An investment strategy where the investor over a period of time spend the same amount of cash consistently to buy certain amount of silver regardless of the spot price.
A plan to sell off your silver. Sell your silver to exchange for cash.
Gold silver ratio
A measurement to determine how many oz of silver is required in order to exchange for one oz of gold.
Guarantee Buy Back
A promised or a policy offered by silver seller to silver buyer. It is to reaffirm the buyer that the seller will buy back the silver, that the seller has sold to the buyer.
A form of silver that has face value and is recognized by the respective government which issued the coin. For example American Silver Eagle is recognized by United States and carries face value of USD 1.
Sell silver for cash.
Notifying seller on buyer’s intention of buying how many silver at what price. Verbally (or through messaging) to close the deal.
The perceived value for an silver item. This could due to limited mintage, specific design, branding, etc. Numismatic value has no direct relation with silver content.
The difference in price between silver spot price and seller’s selling price.
A price that often stop spot price from rising higher.
Round shape of silver that is not a legal tender.
Silver Shop Lot. A Facebook group that appears to be the largest silver market place in Malaysia which has more than 6000 members and still growing.
Silver spot price
Silver live rate that fluctuate according to international silver markets.
The amount of money in difference when a buyer buy a piece of silver and sell it back to the seller immediately.
A price that often stop spot price from dropping lower.
Studies of forecasting the direction of prices through the study of past market data, primarily price and volume.
This is a sample chapter from eBook titled Practical Guide for: Investing Silver in Malaysia. Download the full version