Posted by KH »
3 Comments »I went to UOB at Jalan Raja Laut around lunch time today to do my regular Ounce Cost Averaging on Gold. I usually buy gold bullion at beginning of the month. I took my queue ticket and patiently waited for my turn.
When my turn was up, I walked to the counter and said to the banker, “I would like to buy gold bullion coin”.
I got a shocking reply.
“Sorry, all gold bullion coins are out of stock.”
^ Screen captured from UOB website at 5pm today
I was like, “What?”
“Yes. Out of stock.”
“When is the next batch of stock coming in?”
“No idea. But we have ordered since a month back.”
Posted by KH »
Add Comment »Unlike real estate or equity, gold or silver investment does not yield any rents, interests or dividends. The only game plan is to buy low and sell high. It is always a capital gain play regardless you are a bullion investor or a coin collector.
After you have decided to invest partial of your portfolio into physical silver in Malaysia, you will generally ask your first question about silver – how to buy investment grade silver?
Your silver adventure then starts with you begin hunting for silver bullion sellers. You probably read lowyat.net forum back to back or dig all possible blogs you could find on buying your first American Eagles in Malaysia. You finally bought your first tube of Eagles and without letting your wife knows, you stashed it under the bed.
Then, the next question creeps in. What’s the EXIT PLAN?
Comparing to Gold – you cannot trade your silver with any banks or goldsmith shops in Malaysia. Pawn shops, perhaps – but you will be paid bananas for your precious metals.
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Posted by KH »
Add Comment »It is interesting to see our local Malaysian bank jumping onto the silver bandwagon as well. CIMB Bank now offers Silver Bullion at their CIMB Clicks Shoppe. Most of their silver product offered are Perth Mint box set product.
^ Screen capture from CIMB website on 30 Sept 2011. At time of writing, market is calling silver for USD$31/oz.
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Posted by KH »
Add Comment »GainesvilleCoins.com today sent me an email with a title “GainesvilleCoins.com – International Customer Notification”.
^ Screen captured from GainesvilleCoins.com’s email notification 28th Sept 2011
The recent sell off must have been really ugly for GainesvilleCoins.com to come up with such unfavorable policy. GainesvilleCoins.com is highly recommended by National Inflation Association for their wide varieties of product and fair margin price.
Posted by KH »
1 Comment »
What type of investor are you? Are you only keen in buying the cheapest silver bullion bar you can get or your are keen in the latest Perth Mint’s Lunar dragon? Do you hunt for limited edition silver coin? -or do you glue yourself to silver price chart all day long like a hawk?
There are two types of physical silver investor. They are namely The Bullion Investor and The Collector. Today we will discuss the difference between them.
The Bullion Investor’s Behaviour
- Buy more of silver bars
- Interested only in the value of silver.
- Buy high silver content bullion. At least .999 finest and above.
- Buying and selling based on COMEX silver price.
- Design of the bar does not matter at all.
- Are usually less emotional on their silver portfolio.
- Understands candlestick terms like Kicker Pattern, Bullish Abandoned Baby and Dark Cloud Cover.
- Set cash out targets – Sell off when Silver at USD$X/oz.
- Would buy paper silver (futures, stocks or funds on silver).
- Tarnished silver bar means silver is genuine.
- Read investment and financial news.
- Say statements like, “I am seeing a bull! Buy when it breaks resistant at USD$X/oz! Charge!!!”.
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