We at InvestSilverMalaysia.com would like to take this opportunity to wish all our readers a joyful Christmas and a Happy New Year 2012!!!
InvestSilverMalaysia.com will take a short break during this time.
See you guys next year!
Launched by the Prime Minister of Malaysia, YAB Dato’ Sri Mohd Najib Tun Haji Abdul Razak, the new currency series comprises newly designed banknotes and coins. The banknotes issued are in the denominations of RM1, RM5, RM10, RM20 and RM100 and will be available for circulation in the second half of 2012.
^ Distinctively Malaysia: The New Series of Malaysian Banknotes
For this new series, polymer substrate is used to make the RM1 and RM5 banknotes. RM20 is now back in circulation.
For more information on the new banknotes, head to the official website at http://www.bnm.gov.my/microsites/2011/banknotes/
Storing your precious has gradually becoming a rocket science due to the large variety of holders available for sale. Silver bullion will need proper housing especially numismatic coins.
In general, there are 3 main categories for bullion coins holder. They are namely, flips, capsules and tubes. For flips, they are 3 types which is the normal plastic flip (also known as vinyl), non-plasticized flip and Saflip (Mylar flips).
Vinyl flips contains PVC and plasticizer. Plasticizer is a chemical added to soften the PVC. It is not recommended to use vinyl flips for long term preservation. PVC may corrode a coin’s surface, causing permanent damage to your precious bullion coins. In short, it is cheap but potentially harmful.
These pocket flips are non-plasticized and contain no softeners, PVC or other chemicals and are safe for long term coin storage. These flips are more rigid than regular vinyl flips as it does not contain softeners. This would be among the cheapest holder of all available holder.
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(Washington, D.C. – November 10, 2011) The Silver Institute released a report today entitled The Silver Investment Market – An Update, which forecasts world silver investment will reach a record high total of $10 billion in 2011, representing a 66 percent increase over the $6 billion posted in 2010.
Other findings from the report include:
- The outlook for silver prices is bullish for the remainder of 2011 and into 2012;
- Silver investment has become a key area of the global silver supply/demand balance;
- Since the beginning of 2008, global Exchange Traded Fund (ETF) holdings have grown by 364 million ounces (Moz), to 577 Moz on October 31, 2011; and
- This year, a fresh peak of 41 million coins is forecast for the U.S. Mint’s American Eagle silver bullion coin sales, eclipsing last year’s record of 34 million coins. Globally, bullion coin sales are on target to post another record high.
The report, prepared by Thomson Reuters GFMS, covers several key areas of silver investment, including a market overview, who is investing in silver and why, investment in paper instruments linked to silver, physical investment in western and developing markets, silver mining stocks, and an analysis of privately held silver bullion stocks.
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An interesting night for Silver. Silver broke the USD$30 support and went south to almost USD28.50 before moving up slightly above USD$29.x as I type this.
It is going to be another ride for silver investors! Hang in there!
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.