^ Morning Monday with silver Spot $USD28.x per ounce
Sorry for lack of updates on this blog. With the recent sinking silver price, work on BuySilverMalaysia.com has now trippled. Last Friday, when at one point silver price dipped down to USD$28.50, new orders flocked into our webstore. We have shipped out so many orders, even our vinyl flips and Saflips are running low in stock.
Meanwhile, below are few good articles on the recent turbulence:
Here is an interesting development in our local scene lately. We have a new comer in providing locally branded silver by Gold Silver Resources Sdn Bhd.
^ GSR2u.com.my is by Gold Silver Resources Sdn Bhd Malaysia – Screen captured on 11-Feb-2012
Gold Silver Resources’ Background
Gold Silver Resources Sdn Bhd is a privately held company founded on 16 November 2011 and headquartered in Shah Alam. GSR is the initial for the company and just like how Tomei did it, they appended “2u.com.my” for their web address to make it truly Malaysian. With that, we have gsr2u.com.my. They product offering includes silver bars, silver rounds and gold jewelry.
^ Truly Malaysian – The Bunga Raya Malaysia and Harimau Malaya 1oz Silver Bar by GSR2u.com.my
GSR took the extra effort in making silver bars with local appearance. Currently, they have silver bars with Bunga Raya and Harimau Malaya emblem. They are scheduled to have Rhinoceros Hornbill and Dragon 1oz silver coins by sometime in February. Looks like GSR is also herding on the Dragon boat for 2012! Apart from that, they also have silver bars with various weight from 100 gram to 1 kilogram.
GSR’s Spot Price and Spread check!
Let’s do a quick calculation on GSR’s spot price and spread. At the time of writing, the silver spot price is USD33.59/ozt which is approximately RM102.90/ozt. [Read more →]
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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!
