In my previous post last year, I wrote about two HS-codes that every silver investor has to know; HS-code 7106 and HS-code 7118. If you have yet to read it, you can read it here: 3 HS Codes To Know Before Importing Silver into Malaysia.
In event your shipment got caught up by the Custom Department, chances are, you need to do clearance for it. You can either opt for Pos Laju or any forwarding agents of your preference to do it on behalf of you for a fee -or you can do it yourself.
So, how much is the tax actually?
Customs.gov.my stated that “Coin (other than gold coin), not being legal tender” is subject to import duty of 5% and sale tax of 10%.
Punya Koin Perak 999 atau Koin Dirham tapi udah agak kusam atau ada spot putih? Jangan khawatir, ada cara mudah dan cepat supaya koin kinclong lagi. Cekidot!! 😀
^ Koin Perak 9999 “Canadian Timber Wolf” yang kusam. Tapi!! Masih berharga senilai Rp 600.000,-
Tips ini mirip dengan cara memasak 😀 . Kita butuh 3 Bahan:
1. Baking Soda
2. Aluminum Foil
3. Air Panas [Read more →]
When you are shop for your next washing machine, be sure to check out Sharp’s washing machine with Ag+ Waterfall feature. These washing machines come with a plate of pure silver 99.95% to neaturalize stinky bacteries off your clothings. The weight of silver used for this feature is unspecified though.
^ No more smelly clothes: Ag+ ions protect clothing against bacteria and unpleasant odors!
^ Silver ions when in sufficient quantities, kill bacterias and microbial organisms
The next time when you trade in your old washing machine, remember to dismantle out the silver plate. It may worth a small fortune. [Read more →]
Many resources told us that the Hunt brothers once cornered the global silver market in the 1970s. Hunt brothers started buying silver at the price of USD$1.50/oz and drove it up to a record high of USD$50/oz in January 1980. It collapsed to below USD$11/oz two months later. According SafeHaven.com, that is approximately USD$130/oz measured in recent dollar.
Below is the video of “The Real” Hunt brother story by TruthNeverTold. Watch it to see the conspiracy from an alternative perspective.
The following is part 2 of The Real Hunt Brothers Story. [Read more →]
Back in November 2011, I reviewed GoldSilver2u.com’s above spot premium as well as their buyback spread. Just recently, I had an conversation with a reader of mine and we touched the topic of GoldSilver2u.com. I had a rude shock when I realized the premium and spread for GoldSilver2u.com has widen – in a big way!
Today, we are going to pay GoldSilver2u.com a revisit. Armed with my faithful calculator, we are going to revised our previous calculation on GoldSilver2u.com’s pricing. At current point of writing, the international spot price for silver is USD$34.78.
Back to November 2011: Premium Above Spot
^ Screen capture from GoldSilver2u.com on 26th Nov 2011
Refering back to the previous screen capture I made in 26th November, let us calculate the premium above spot back then.
#
Product
Price
Spot Price
Difference
Above Spot %
1.
PAMP SUISSE 999
4,060.13
3,250.00
1,183.25
24.92%
2.
TWIN TOWER 999
1,242.90
1,010.75
232.15
22.96%
Premium above spot in between 22% – 25% is acceptable.
Forward to March 2012 – Current Premium Above Spot
^ Screen captured from GoldSilver2u.com on 3rd March 2012
#
Product
Price
Spot Price
Difference
Above Spot %
1.
PAMP SUISSE 999
4,583.25
3,400.00
1,183.25
34.80%
2.
TWIN TOWER 999
1,457.07
1,057.40
399.67
37.80%
Considering Malaysia does not have import tax on silver bars, there is no reason for such high premium. Bare in mind that we are dealing with decent weight here (10oz and 1kg), not silver bars of one ouncers.
I would give it for PAMP Suisse as it is always known as the Rolls Royce of silver bars but 37.80% above spot price for TWIN TOWER silver bars? Really? [Read more →]
