Buy Silver in Malaysia…Now!

Buy Silver in Malaysia…Now!

You can still buy silver in Malaysia with a very good price. Silver price is very likely to soar in the near future. Look, silver can be used in 10,000 different ways. It is the world’s best conductor of heat and electricity. Inventors found so much usage for silver that they have filed more patents on silver uses than any other precious metals in the world. Note that silver is used mostly in industrial and technological production; when it is used, it is gone forever because it costs too much to recycle the little bit of silver. It is simply not cost effective for any business to do so.

Please do not mistaken that the manufacturing industry is going to use up all the silver in the whole world. The probability is very little, but the little supply of silver would be a major issue soon. For the past few years, the world have been consuming silver very rapidly. It leaves very little left for investors to play with. The market is waiting for one ‘relevant’ financial crisis could easily send silver price to the sky. Silver in Malaysia will be no exception.

Here is a table that shows the percentage of usage of silver categorized by the usage and year, for the past 4 years:


As you could notice, only 12% of the silver pump into the market has been used to make bullion in 2010. That means there was only about 100 million ounces of silver became bullion…for the entire world! Do you know what is the world population? It’s not even enough for 1 person to own 1oz of silver now. I can safely bet that most of the people who are reading this owns more than 10oz of physical silver. Some even already owned more than 100oz of silver in Malaysia or in overseas. It is a very simple economy scenario, when there is more demand than supply, the price of the good (silver) goes up up up!

If the silver in the world is to be equally distributed, this is what you will see. Everyone person could only own 1/14 of oz of silver.

Now ask yourself, how many oz of silver have you already owned?

Nevertheless, silver is one of the most volatile assets for investment. Even my trading guru urged us not to touch (trade) silver until we are really good with the game. (Well, that is another story in paper silver and technical analysis). Over the history, silver has significant price swings including an 81% rally and two 30% drops. If you have invested in silver in Malaysia in 2011, you would feel the pain. Those price swings forced a lot of traders to liquidate their silver holding for whatever cash usage for their capital.

Anyway the long term movement for gold and silver are still in uptrend. Asian economies (especially China & India) are getting richer, they have very strong culural sentimental for loving precious metal. Similarly in Malaysia, there has been more people are buying gold and silver in Malaysia in the last 24 months. In addition, the Western countries have lived beyond their mean for a long long time. The liabilities and debts can only be paid back by their creative Quantity Easing (QE1, QE2, QE3…).

Hence, I urge everyone who is reading this, go ahead and buy some silver in Malaysia. Store it. One day you might be grateful that you have read this article.

I hope you have enjoy reading Buy Silver in Malaysia…Now!.

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!

Why Silver Price Is Not Rising

Silver In Malaysia – Why Silver Price is Not Rising?

Looking at the facts and numbers, Silver is destined to shine. There are so many articles and youtube video floating around the internet to prove that Silver is the greatest investment of the century. During Silver price boom in 1980, there were only the west was buying and caused the price to went up to almost USD50. Thanks to the hidden tax: inflation, can you roughly estimate how much is it worth USD50 in 20 years ago? For example, can you recall how much of goods RM50 can buy you in 20 years ago? and how much of RM does it take today to buy the same amount of goods today? Silver price will be MINIMUM USD 50 of 20 years ago value. The price of silver in Malaysia should proportionally adjusted according to international market.

Fast forward to today, not only the west, but also the east – and basically the whole are buying Silver, thanks the power of internet and TV news to spread knowledge very quickly and freely, the word is well informed about the facts, the numbers, the demand & supply for Silver. Logically speaking, the coming round of Silver price boom will definitely be higher than the last 1980 boom. How is it possible that a precious metal (and commodity) that has limited supply on earth being chased by an (almost) unlimited supply fiat currency will not spike up? Silver in Malaysia might not play a significant role in global market, but every oz of silver in Malaysia that being bought, it will reduce the global supply, even a little.

There is a lot lesser available Silver in proportion to demand – either above or below ground – than available gold.

Due to the industry consumption of Silver and low supply from mining, the situation will only get worse. The supply of Silver and gold gap will only get bigger. More gold, even lesser Silver. However the current gold to Silver price ratio suggests that we have almost 50 time more Silver than gold. It could be true in long time ago, but due to industry demand in the past decades, Silver consumption rate is far higher than the production. Economy basic, if supply is low, demand is high, price will go UP UP UP! There will be no exception for Malaysia, silver in Malaysia will naturally UP UP UP!

silver in malaysia

Silver Price in Malaysia using GoldPrice.org (USD) - which also indirectly represent price of silver in Malaysia

 

Unfortunately, the reality has slightly disappointed us Silver believer in recent May 2011 (30% drop) and Sept 2011 (35% drop). If Silver has been steadily increase like Gold did, I’m sure Silver price will be much higher. Today the general public has not yet gain confidence in Silver. You who are reading this is not considered general public. You know a lot more about silver in Malaysia comparing to the public. The public are the people whom have problem believing or even seeing Silver as a form of investment or at least a medium to keep the wealth. The best experience I have encountered is when I talk about silver in Malaysia, they would ask me why not gold instead. But whether like it or not, the big movement of anything will have to depend of the middle working class. The real spike of silver price will come when the public are rushing into the silver market.
Another factor (the main factor) that stop silver price from soaring is the artificial manipulation of silver price by the big boys. Not only the banks are interfering it, but the industry players are also coming in the suppress the silver price. Let’s not discuss about banks as I’m sure you can find a lot more better explanation about why it is banks disadvantage to allow precious metal price soar. I will talk about industry player manipulating the price instead.

Not long ago, I attended a Forex trading course. During the course we didn’t discuss much specifically about silver in Malaysia but we did talk about something more interesting. I learned that big industry players do manipulate their country currency for the benefit of their manufacturing / importing / exporting business advantage. Take Japan for example, for a giant manufacturer like Honda (and many other giant manufacturers), a slight change in Japanese currency would significant affect the cost of manufacturing and the profit gain from export. Similarly, for silver (as a form of commodity), industry player would also manipulate the price for their advantage. Take China as example, they make use of silver as raw material for solar panel, and they do use it in a very large scale. It would not cost little to suppress silver price – but imagine if it cost USD 1 million to suppress the silver price which will lead the manufacturer to buy the same amount of silver with USD 5 million; although it is unethical, it’s a no brainer for the business to spend USD 1 million rather than USD 5 million for the same amount of silver. In fact, just like any business, these big boys are not working solo and manipulating the price individually, they are working as team to strengthen each other. It would take a very big force to bring them down. Silver in Malaysia did not go through such manipulation but the price of silver in Malaysia is directly affected by the global market.

However, like a Chinese proverb says, “paper can never wrap fire”. I’m confident that silver price will one day revert to an honest price. You, will want to buy silver in Malaysia now rather than buying it when the price has reverted back to honest price.

Note: This post has little direct relevance to silver in Malaysia. It is a general discussion about silver in global market. Stay tune for more posts related to Silver in Malaysia.