Silver Price Drop

After reaching an historic high in 2011, the price of silver has dropped. In a matter of months, the price went from around $50 an ounce to almost half that in December 2011. This silver price drop creates the perfect opportunity for silver investors. Smaller investors should follow large investors’ lead and invest continuously as long as the silver price remains low.

Silver investors should not try to wait it out and see when the silver price hits bottom. No one knows when or where the bottom will be, so it is best to continuously invest as long as silver is low. The price of silver could suddenly jump at any time, leaving the investor who waited too long without the opportunity to buy inexpensive silver. Continue reading

Mike Maloney Gold & Silver Insights 2012

Leigh Greenberg speaks with Mike Maloney on price action, inflation/deflation, international diversification, counterfeits and more.

In this interview, Mike Maloney is discussing the issue on prices spikes of gold and silver in 2008 compared to 2011. Gold and silver investors taking advantage of lower prices. He also answered whether how healthy is this bull market. He reaffirmed that gold and silver are money, not just a commodity. Continue reading

Silver Year End Sales

It is end of the year now and it seems like there is a Silver Year End Sales in silver market. In early December 2011, 1 oz of silver price has been dropping from USD 32 – USD 33 to USD 26 – USD 27 in late December 2011. Hey! Silver in Malaysia has a Silver Year End Sales too!

I have been buying silver from USD 38 / oz down to USD 31 / oz. Although I have not been long enough to invest silver in Malaysia, I did witness silver price felt to USD 26 in late September 2011 but unfortunately that was the first time I saw silver price dropped to such low level therefore I didn’t know how to act upon the low price at that time. I didn’t even know there was such a thing known as resistant level which USD 26 was a strong one. Few days back, I saw the similar pattern was happening again. Silver price has been falling and soon it would reach USD 26 again. Continue reading

Mike Maloney

Mike Maloney answers a question asked at the Casey Research Summit: “What would you change about your book (Guide to Investing in Gold and Silver) if you were to re-release it today?” He explains the difference between the precious metals bull market of the 1970’s when he was growing up and the tremendous growth he can foresee in the years ahead.

Find out more about Mike Maloney

Video Source: YouTube

Silver Investment Cycle

If you are interested in the buying silver in Malaysia as silver investment, there are a few essential parts of information you need to know before investing. Silver has seen a phenomenal rise recently, with the price just $10/oz in 2007, rising to almost $50 earlier 2012, before settling to $30 at the end of year 2011. Price has been consolidating at $27 – $28 in June to August in 2012.

Anyone who 3 years ago had the insight to think that the current gold and silver prices were cheap would be looking at a 6 fold turnover on his original investment. Of course, for silver investment in 2008 you would have needed to have phenomenal insight to know that a silver boom was about to happen, but these things can be predicted.

Even though its tempting to think that anyone who went into silver investment was just lucky, the phenomenal rise is a deliberate part of the investment cycle. When silver was just $7.50, no-one thought that it would rise so much in such a short time on its own – everyone just thought it would stay at that price. However ‘smart money’ or influential organizations with a lot of money were accumulating silver without raising much public notice. They would be buying in small amounts so to not drive up the price, but to gradually increase their own stocks. After a time, this ‘smart money’ would be informing institutional investors such as large hedge funds and pension funds to invest in silver – and then with their combined might start buying of silver in droves – this would start to propel the price into the public eye, and overwhelm anyone selling silver.

Bubble – Silver Investment Cycle

One this phenomenal price increase was in the public eye, there would be mass media advice to do silver investment, and the public would start to buy silver heavily. Those that got in at the start started to make money and see their investments increase, and they would tell their friends. Even when they sold for a decent profit, they would see a rise would be so meteoric that they missed and feel that they sold too early, and plough profits back in for a higher price. At this stage of course, the smart money has stopped buying, it is selling and making vast profits. The time comes when the institutional investors realize the smart money is selling, and they too begin to sell, causing the market to peak and start to fall. When this happens, initially the public see this as a bargain and send the price up slightly before they realize that the investors with the money to prop the market up are selling as quickly as they can – and this causes a climate of panic selling.

The price then quickly falls, as members of the public who have invested in silver at a far higher price sell for a loss as they think that the bottom has fallen out. At this stage, the media are announcing that silver investment is a bad investment, and fueling the panic.

This panic returns prices back to a low price, and it is here, where smart money gets another opportunity to buy again at a low price to start the cycle all over again. If you are thinking of buying silver in Malaysia it pays to know the perfect time to buy and sell.

If you are ready to catch the opportunity in the coming silver investment bull market, download this eBook to educate yourself how to invest silver in Malaysia.

Buying Silver is Better Than Buying Gold

Both silver and gold are precious metal. Have you ever wonder if Buying Silver is Better Than Buying Gold? Since the creation of Silver Shop Lot and Lowyat Silver and Gold Group in Facebook, silver in Malaysia can be purchased online as easily as gold can (although not in the exact same manner), but silver is the better purchase. Both gold and silver are precious metals that have tangible value. The benefits of each metal have much in common, but there are also differences that must be understood before making an investment.

Both metals are a storehouse of value. Regardless of what happens in the world, a person who has a portion of their wealth invested in gold and silver will have a balance in their investment portfolio. If the world’s stock markets and currencies drop significantly (which is very likely happen in the near future), gold and silver will hold their value and likely increase in value offsetting losses in other areas of investment. The more uncertain you feel about the future, the higher percentage of your wealth can be transferred to these precious metals. Continue reading

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.

 

The Silver Market Psychology & Inflation

A look at the silver market, focusing on supply and demand, psychology, and inflation with:

  • Victor Adair (Market Analyst)
  • Dr. Andrey Pavlov (Professor of Finance, Simon Fraser University)
  • Tara Immell (Professor of Finance, Simon Fraser University)
  • David Morgan (Founder of Silver-Investor.com)

If you find the video interesting, please use the Facebook Share button on top.

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 !