^ Screen captured from Kitco.com, 11 October 11.15pm
Another evidence that physical silver is in crazy demand.
“Due to recent worldwide surge in the demand for precious metals, we are experiencing extraordinarily high transaction volumes. As a result, you may experience delays in some of our services over the coming days.
We apologize for any inconvenience this may cause you. We would like to thank you for your patience and for doing business with Kitco.”
In the following video, CEO of APMEX, Micheal Haynes explains the reason behind the current precious metals free fall and the brisk sales that APMEX is currently having. [Read more →]
Instead of expecting the usual dark maroon PublicGold website, I was shocked to be greeted with “This website is shutdown due to violation of WTExpo’s Terms and Conditions”. From the first glance, I wondered if I have entered the correct address.
After verifying the URL and seeing the message captured below, it seems WTExpo is having a disagreement with PublicGold.
^Screen captured on 10th October 2011, 5:30pm
Domain Dispute with WTExpo
According to PublicGold’s facebook announcement, they are battling a domain dispute with their web engine administrator namely WTExpo Sdn Bhd. With that, their sites are currently inaccessible.
^ Whois reveal publicgold.com.my is owned by Mobile Kin Sdn Bhd(739256-H) [Read more →]
CFP Bryan Zeng shares his insight on Gold and Silver investment.
Q: How do you see Precious Metals investment in Malaysia market?
Bryan: It is definitely a growing market due to increasing awareness and demand from the public lately. Traditionally the Precious Metals market is dominated by Banks, Goldsmiths and Jewelers, now we can see increasing numbers of private companies that distribute or trade precious metals.
Similarly the product range has also increased dramatically, there are various physical and paper based Precious Metals products available in Malaysia now. In fact in some cases the situation has become “feverish” with “Gold Investments” or “Alternative Investments” seminars all over town.
Q: What is the current Malaysian’s mentality on Precious Metals investment? Are Malaysian aware of Precious Metals investment pros and cons?
There is unquestionably an increase of awareness on the benefits or the need to invest in Precious Metals. You can now hear people chat or discuss about Gold or Silver in Facebook, offices or at their favorite coffee shop. It’s just like how they have discuss about properties, stocks, cars and the “Next Greatest Opportunity”.
There would be obviously some people who are well informed and others who are less informed of the risks, benefits, costs, and the variety of options to invest in Precious Metals. I applaud your effort in creating and maintaining this blog which provides a concise flow of useful and up to date information to fellow Malaysians. [Read more →]
I have been asked this question many times over dining table. Today we will look into how to calculate PublicGold’s spot price for their Silver bar product.
^ Prices published by Publicgold on 07/10/2011
We will take 250 grams as example. The steps to calculate PublicGold’s silver spot price are as followed:
Step 1: Calculate Silver Spot Price in Ringgit Malaysia
At current time of writing, the price is USD $31.95/oz. PublicGold’s US dollar exchange rate is 3. Therefore, USD $31.95 x 3.0 = RM95.85/oz [Read more →]
