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 →]
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”.
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.
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. [Read more →]
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.
