InvestSilverMalaysia.com would like to take this opportunity to wish all our Muslim friends a Happy Hari Raya and safe balik kampung journey.
Also, to all Malaysian, HAPPY MERDEKA DAY!!!
Enjoy the holiday and Cheers!
One of the most anticipated silver bullion by Perth Mint will be releasing this coming 1st September. You would have guessed it right, the fifth animal in the 12-year cycle of the Chinese zodiac, the 2012 dragon lunar.
Of all animal in the Chinese zodiac, dragon has always been the favorite. It is also the best selling animal for Lunar Series 1.
In this post, we will be looking into information and facts on what you should know about the lunar series.
Its Friday today and I am going to make this post K.I.S.S.
Here are five quick tips for buying and investing silver in Malaysia:
Silver bars are imported under HS-code 7106. Silver coins are under HS-code 7118. HS-code 7118 says, “Coin (other than gold coin), not being legal tender, is subject to import duty of 5% and sale tax of 10%”.
Buy silver bars and skip the 15% import tax premium.
Buy 1 x 10 oz bar instead of 10 x 1 oz bar. Buy 1 x 100 oz instead of 10 x 10 oz. The bigger oz you buy, the bigger saving you get on minting. Scottsdale Silver’s 10 oz and 100 oz comes with a cool stacking feature.
Venezuela, which holds 211 tons of its 365 tons of gold reserves in U.S., European, Canadian and Swiss banks, will progressively return the gold to its central bank’s vault in Caracas. Venezuela is world’s 15th-largest holder of gold.
Read more on this at Politicalmetals.com – Bullion Bank Run.
When it comes to precious metal investment in coins format, it is recommended that we invest in bullion coins. Bullion coin is a coin struck from gold, silver, platinum or palladium. Generally, investment grade bullion coins have purity of not less than 0.9 fineness. For silver, it is recommended to buy fineness with triple 9 (0.999) or more.
Although bullion coins usually have legal tender in their country of origin, its legal tender value are ignorable as it is valued lower than the actual metal price. For instance, 1 oz of American Eagle silver has a legal tender of USD$ 1 value. Would you like to trade it with my RM3.00?
There are plenty of different bullion coins in the market. In this post, we will discuss the top five favourites for Malaysia.
Top five silver bullion coins for Malaysia are:
Please make your own assessment of the relevance, accuracy and adequacy of the information contained in this Blog. You are advised to make your independent investigations as may be necessary or appropriate for the purpose of such assessment including the investment risks involved.
