American Silver Eagle 2012 in Malaysia

American Silver Eagle (ASE) is one of the most popular silver coins in Malaysia. Year 2012  has arrived and unfortunately at the point of writing this, there is still no sign for ASE appearing in Malaysia silver the market yet. Apmex has started selling it, I’m sure some of the local silver distributors have bought them and perhaps waiting for the arrival to Malaysia.  I’m one of the people who has been expecting and waiting to own at least a piece of it to appreciate the beauty of the coin.

A lot of collectors and investors bought  American Silver Eagle not only for the beautiful design but also for the liquidity (how easy to sell it off if a person need to convert the silver in cash). Mike Maloney once said his favorite silver coin is ASE too! Continue reading

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!

Silver Round

Investing in Silver – Are Silver Bullion Rounds a Good Way to Invest in Silver?

By Christina Goldman

Sample of silver round - Silver in Malaysia

silver-in-malaysia-elvis

Sample of silver round - Silver in Malaysia

 

 

 

 

 

 

 

 

Silver bullion rounds are simply another name for silver coins. The term round came about because the silver was shaped into coins and thus was able to be stacked into rolls. This made it convenient for the coins to be handled and shipped. You’ll often see them referred to as silver art rounds because they can be purchased inscribed with a variety of designs ranging from commemorative, religious, military, cars, holidays, weapons, animals, presidents, and even Elvis!

Specifications:

  1. You can buy silver rounds in sizes ranging from one ounce to over one hundred ounces. The one ounce variety is the most popular.
  2. Each silver round coin contains one full ounce of pure silver.
  3. It has a purity of .999 fine silver.
  4. It is not government-backed and has no legal tender status.

Varieties:

Silver bullion rounds are available in both name-brand and generic.

Name-brand silver rounds include the one-ounce private mint produced A-Mark Precious Metals, Wall Street Mint and Sunshine Minting. These silver rounds will display the name or hallmark of the mint that manufactured them.

Generic silver rounds are produced by a variety of small, little-known firms as well as those produced over the years by companies that may or may not still be in business. They typically have a smaller markup than the name-brand silver rounds.

Most Valuable:

Engelhard Silver Prospectors is the one ounce silver round that is most sought after by collectors. It was minted by Engelhard but has not been produced since 1988. This silver round is difficult to obtain and occasionally can be purchased on the secondary market.

Reasons to Buy:

  1. Silver rounds are readily available.
  2. They typically sell for a lower premium than government-backed silver bullion coins.
  3. The value of the rounds is directly correlated to the current price of silver.
  4. Their small size makes them perfect coins for bartering.

Conclusion:

Silver bullion rounds are affordable, easy to store, count, buy and sell. They are an excellent way for the small investor or collector to invest directly in pure silver bullion.
Source

Silver Price in Malaysia

A Malaysian guide for Silver Price in Malaysia

There isn’t any fixed silver price in Malaysia. Repeat, the silver price in Malaysia is not fixed by individual or any organization. However, silver collectors and investors do have several favorite sources to benchmark silver price in Malaysia before they make any purchase. Base on the price (in USD), collectors and investors would convert the price back to Malaysia currency (RM) to get the silver price in Malaysia. The author would start off with how silver price in international market relate to silver price in Malaysia and then silver prices published by local silver seller and share an interesting story about silver price in Malaysia at the end.

1. Using Kitco to benchmark silver price in Malaysia

Kitco is one of the favorite source for Malaysian to check silver price. The image below is particular famous as it provide 3 days history of silver price.

Silver Price in Malaysia using Kitco
Silver Price in Malaysia using Kitco (USD)

 

2. Using SilverPrice.org to benchmark silver price in Malaysia

SilverPrice.org is another favorite source to check silver price in Malaysia. Reason being is because when a person type “silver price” in Google, the first 3 results are coming from SilverPrice.org (at the point of writing this page). The silver price would be shown in the following graph:

Silver Price in Malaysia
Silver Price in Malaysia using SilverPrice.org (USD) – Daily Chart
Silver Price in Malaysia
Silver Price in Malaysia using SilverPrice.org (USD) – History Chart

3. Using 1StopGold to benchmark silver price in Malaysia

1StopGold is one of the biggest silver sellers that offer silver at competitive price (in Ringgit). The price 1StopGold offers has one of the lowest spread among all silver sellers. However do note that there are several negative remarks regarding their service in the silver seller and silver investor community. The price 1StopGold published on their website is not updated live, 1StopGold only update the website price once a day. Buyer will still have to call in to get the current price. You may check 1StopGold silver price here.

 

4. Using MySmartGold (live rate) to benchmark silver price in Malaysia

MySmartGold is another one of the biggest silver seller in Malaysia at competitive price (in Ringgit). Their silver price is transparent and easily accessible. The silver price is updated every second during their trading hours. Although the spread is slightly higher compare to 1StopGold, but the remarks from silver buyer is the whole transaction is way better. You may check MySmartGold silver price from here.

5. Using Facebook to benchmark silver price in Malaysia

At the point of writing this page, there are 2 very active Facebook groups that actively buying and selling all type of silver to the members. You may have to join the group before you can start posting. If you are a buying silver (coins or bars) in a smaller scale, this might be the place you want to check out the silver price in Malaysia. The Facebook group pages are:

6. Using other sources to benchmark silver price in Malaysia

There are a lot of smaller independent silver sellers who are not attached to any organization. They published their prices on their websites, eBay, forum, etc. You may check out more from here.

Real Life story for Silver Price in Malaysia

When the price of silver is hanging around USD 33+ (base on Kitco), I made a purchase of 1 tube of American Silver Eagle (x 20) coins from one of the sellers that offer competitive price. He has quoted me RM142 / oz which I found it reasonable after comparing to some of the other silver sellers. The next day, I was talking to my friend who happens to also bought 1 tube of American Silver Eagle (x 20) coins. My friend has paid for RM130 / oz. The seller does not sell silver for a living and was desperate to cash out fast. Therefore my lucky friend got to buy it with such a low price.

The point of sharing this experience is to tell that there is no fixed price for silver in Malaysia. The silver price in Malaysia is totally about willing buyer willing seller.

Good luck for getting the lowest silver price in Malaysia!