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 →]
If you are buying gold for investment, gold shop is among the places you may go to purchase your investment. In Malaysia, our gold prices are standardized nationwide as most of our gold shop retailers are member of Federation of Goldsmith and Jewellers Association of Malaysia.
Federation of Goldsmith and Jewellers Association of Malaysia
FGJAM in short, set and publish standardized price for gold on a weekly basis. This creates a uniform gold price and healthy competition among gold retailers.
Price tag for a piece of gold in retail store is calculated by adding “Retail Gold Price” and “Workmanship”. Gold shop profits from margin over gold price as well as workmanship. Thus, for every gold ring, necklace or bracelet you buy from them, they will quote you two prices, the retail price of gold and workmanship.
Retail Gold Price
“Retail Gold Price” in summary is market price of gold – a price which includes overheads.
Salesmen need commissions, landlords want rents, security guards require bullets, lights run on electricity and a long list of other expenses. All these are compiled by FGJAM, which then published as “Retail Gold Price” on a weekly basis.
Workmanship
It is the price you pay for the time, effort and skill spent on creating a piece of jewelry. It varies from one jewelry to another jewelry. The more complex a jewelry is, the more expensive the “Workmanship” is.
In general, you can bargain on the “Workmanship” price but not the “Retail Gold Price”. FGJAM prohibits discounting on “Retail Gold Price” – a rule which is agreed by all its members. [Read more →]
From the screen capture above, you can clearly sees the signature Academy silver bars in the picture. We will be seeing Materion logo next, replacing the Academy’s name. [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 →]
“Retail Gold Price” in summary is market price of gold – a price which includes overheads. 
