Posts Tagged ‘Malaysia’

5
Mar

GoldSilver2u.com’s High Premium and Wide Spread Gap

Back in November 2011, I reviewed GoldSilver2u.com’s above spot premium as well as their buyback spread. Just recently, I had an conversation with a reader of mine and we touched the topic of GoldSilver2u.com. I had a rude shock when I realized the premium and spread for GoldSilver2u.com has widen – in a big way!

Today, we are going to pay GoldSilver2u.com a revisit. Armed with my faithful calculator, we are going to revised our previous calculation on GoldSilver2u.com’s pricing. At current point of writing, the international spot price for silver is USD$34.78.

Back to November 2011: Premium Above Spot

GoldSilver2u.com - Silver Product Screen Capture
^ Screen capture from GoldSilver2u.com on 26th Nov 2011

Refering back to the previous screen capture I made in 26th November, let us calculate the premium above spot back then.

# Product Price Spot Price Difference Above Spot %
1. PAMP SUISSE 999 4,060.13 3,250.00 1,183.25 24.92%
2. TWIN TOWER 999 1,242.90 1,010.75 232.15 22.96%

Premium above spot in between 22% – 25% is acceptable.

Forward to March 2012 – Current Premium Above Spot

GoldSilver2u.com - Silver Product Screen Capture
^ Screen captured from GoldSilver2u.com on 3rd March 2012

# Product Price Spot Price Difference Above Spot %
1. PAMP SUISSE 999 4,583.25 3,400.00 1,183.25 34.80%
2. TWIN TOWER 999 1,457.07 1,057.40 399.67 37.80%

Considering Malaysia does not have import tax on silver bars, there is no reason for such high premium. Bare in mind that we are dealing with decent weight here (10oz and 1kg), not silver bars of one ouncers.

I would give it for PAMP Suisse as it is always known as the Rolls Royce of silver bars but 37.80% above spot price for TWIN TOWER silver bars? Really?
[Read more →]

29
Feb

Where to buy Gold & Silver in Malaysia

PoliticalMetals.com has a good compilation of comprehensive reviews on dealers that sells Gold and Silver for our Malaysia market. The author took time to explore each individual website and compiled a review chart for easy reference. You will find unbiased and straight forward review on the dealers.

Political Metals.com - Dealer Review Chart
^ Malaysian Gold & Silver Dealer Review Chart – captured on 28th Feb 2012

Political Metals.com - Unbiased and Comprehensive Review
^ Unbiased and Comprehensive Review on BuySilverMalaysia.com – captured on 28th Feb 2012

Reviews are structurally broken into a few smaller part: Products, Pricing & Ordering, Payment & Delivery, Currencies, Premiums, Storage and Buy Back. We were delighted that PoliticalMetals.com took time to give review on our store as well.
[Read more →]

13
Feb

Gold Silver Resources (GSR2u.com.my) VS Publicgold VS GoldSilver2u.com

Here is an interesting development in our local scene lately. We have a new comer in providing locally branded silver by Gold Silver Resources Sdn Bhd.

GSR2u.com.my is by Gold Silver Resources Sdn Bhd Malaysia
^ GSR2u.com.my is by Gold Silver Resources Sdn Bhd Malaysia – Screen captured on 11-Feb-2012

Gold Silver Resources’ Background

Gold Silver Resources Sdn Bhd is a privately held company founded on 16 November 2011 and headquartered in Shah Alam. GSR is the initial for the company and just like how Tomei did it, they appended “2u.com.my” for their web address to make it truly Malaysian. With that, we have gsr2u.com.my. They product offering includes silver bars, silver rounds and gold jewelry.

Bunga Raya Malaysia and Harimau Malaya 1oz silver bar by GSR2u.com.my
^ Truly Malaysian – The Bunga Raya Malaysia and Harimau Malaya 1oz Silver Bar by GSR2u.com.my

GSR took the extra effort in making silver bars with local appearance. Currently, they have silver bars with Bunga Raya and Harimau Malaya emblem. They are scheduled to have Rhinoceros Hornbill and Dragon 1oz silver coins by sometime in February. Looks like GSR is also herding on the Dragon boat for 2012! Apart from that, they also have silver bars with various weight from 100 gram to 1 kilogram.

GSR’s Spot Price and Spread check!

Let’s do a quick calculation on GSR’s spot price and spread. At the time of writing, the silver spot price is USD33.59/ozt which is approximately RM102.90/ozt.
[Read more →]

2
Feb

BuySilverMalaysia.com is Ready For Business!

After working on building the webstore for many sleepless weeks, today we are proud to present, BuySilverMalaysia.com!

BuySilverMalaysia.com - The latest silver webstore in Malaysia.
^ Click the image for BuySilverMalaysia.com

Launching today on an auspicious day of 02.02.2012 at 02:22AM!

18
Jan

We are almost there! – BuySilverMalaysia.com

We are now on our final stage for our soon to be launched webstore. We are really excited and we just can’t wait to have it launch. Here is a sneak preview on how BuySilverMalaysia.com will look like.

BuySilverMalaysia.com - Offical Scottsdale Silver Distributor in Malaysia coming soon!

Tell us what you think!

Join us at our facebook to stay updated!

BuySilverMalaysia.com’s facebook: http://www.facebook.com/BuySilverMalaysia

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