Posted by KH »
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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:
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Posted by KH »
Add Comment »Three weeks ago, I bought my first Apple MacBook.
Before that I have 3 laptops. One, I gave it away to my father in law. Two, is 3 years old. Three, is 2.5kg. I travel frequently too. It makes perfect sense to have a light weight lappie as a travel companion.
I went to Digital Mall in PJ and brought home a 13″ MacBook Air.
One stupid investment.
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Posted by KH »
3 Comments »It’s crucial to understand how does spread works before we start investing in precious metals. Spread in short means the margin between the buying and selling price. The formula is as followed:
Formula for spread:
(Sell Price – Buyback Price)/Buyback Price X 100 = Spread %
Example of calculation:
1 oz of Kijang Emas selling at RM5,060, buying back at RM4,864.
Apply the formula and therefore it’s: (5060 – 4864)/ 4864 x 100 = 4.03%
With that, the spread for 1 oz of Kijang Emas is 4.03%.
The higher the spread translate to the more ‘expensive’ it is to trade with the vendor while the lower the spread is the vice versa. Many of the time, we won’t feel the pinch immediately after purchasing our bullion. This is because most of the time, we don’t sell it back on that day same day that we bought. But if you happened to do that for whatever reason, you will immediately lose out the spread. This is where the vendor makes their profits.
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