Buying silver for higher return in 2014

Rolling Silver Holdings Sdn Bhd , the operator of silver trading website - BuySilverMalaysia.com , expect the price of silver jumped to at least U.S. $ 30 ( RM98.07 ) per ounce this year compared to the current price of U.S. $ 20 ( RM66 ) . It is at once the best investment opportunities for both metals trading is the most profitable , after gold .

 Potential to expand your wealth

Founder and Chief Executive , KH Lau , said that although the penetration of silver trading in Malaysia is still low at less than five percent compared to gold , it is potential to grow if domestic investors understand the true potential of the metal. He said Malaysians should look at potential investors , particularly silver which uses wider range of sectors such as technology , medical equipment , solar panels and biotechnology. He said , based on a high consumption rate in the business sector , it proves silver is great potential to become profitable after gold holdings . Silver is able to compete "The Malaysian market only focus on trading gold , silver seems to be of little value . The reality is different from the market in the United States ( U.S. ) and Europe , which saw silver and gold competitive. " The penetration rate of silver is still new in Malaysia but we expect there will be a big boom in the local market , if investors began to understand the ability of this metal which is one of essential commodities , " he told BH .

Lau said the company was actively working to improve understanding of Malaysians on the importance and potential of silver . "This is the right time to potential investors and existing investors to buy silver because the price is low , " he said. On the last Rolling Silver Cross , he said , the company was established in 2011 , offers high quality silver that is 99.9 percent originality imported from the U.S. , Canada and Australia .

More interestingly, the company through BuySilverMalaysia.com also conduct transactions online using the current rate of global updated every minute. Choose website design " Our business model is simple . Investors should choose silver designs offered on the website before making any booking . After the booking process, they come to our office to claim the goods within a day after the reservation is made or products purchased will be mailed to their address . " Customers can come in to make a purchase. We are a physical dealer , so customers do not have to worry even if we apply through online sales , " he said, adding the company's fraudulent activities related to precious metals transactions before this affect investors' perception of the commodity business in Malaysia .

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Buying gold as a world currency

Gold has been expanding worth the past 5 years, and accomplished a phenomenal gains of 155% since 9/11 and is anticipated to raise 30-35% in the next 12 months. Truly, gold has been a standard of steadiness. Recognized as a global currency, gold is the only asset that is both fluid and substantial at the identical time and every financial consultant will notify you to have gold as part of your portfolio. The inquiry is, what type of gold? Should you purchase gold bullion bar or gold bullion coin?

First thing you need to understand is the distinction between buying actual gold and gold supplies. When buying gold stocks, you are buying supplies of excavation companies, not the gold itself. As such, these supplies are propelled by supply market more than the gold worth itself. In detail, as gold tends to proceed the converse main heading of supply prices, you may find yourself mislaying cash on gold stocks even if the price of gold increases.

The most gladly available gold for buying and trading is most decisively jewelry. Still, coins and gold bars make for a better buying into as jewelry often comprises additional additives and is prone to impairment. On top of that, the general worth furthermore takes into account personal components, such as method, trends etc. In most situations, the resale value of gold jewelry will not ever be as high as the buy cost, making jewelry a pleasant gift, but not a good buying into scheme.

The most readily available gold for buying and selling is most decisively jewelry. Still, coins and gold bars make for a better investment as jewelry often comprises additional additives and is prone to impairment.

If buying gold for collection or easily for individual pleasure, coins are the natural way to go. Even coins that do not specify as bullion will give you a certain collectible worth, endowing you to sell the coin to one of the collectors round the world. Furthermore, the value normally increases with the time, so it is a protected investment too.

Gold investors normally try to buy gold bars rather than coins. In numerous cases, gold bar provides for a better investment worth than coins, however there are exclusions that you need to take into account. The most significant facet when buying gold bars is to be certain you can deal it when required. different coins, which can be sold on coin auctions, or even on eBay, trading gold bars is much larger dispute. The main cause for this is that the gold in gold bars does not carry a governmental promise of value and quantity, certain thing that gold bullion have. It is also simpler to tamper with the gold in the bar, which is particularly factual with "hidden" (or unmarked) bars.

Still, if you know a reputable dealer mesh that can appraise the bar, buying gold bar is an very good investment that is almost guaranteed to stay very steady all through the years to arrive. However, for less experienced shareholder, or for shareholder who likes to benefit both from charges of gold as well as collectible value (that can in detail counteract the distinction in gold prices, should they fall), coins are the better option.

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Sell gold for cash in Vietnam

Best gold selling price in Asia gold market .

Vietnam is a country located in Indochina peninsular in South East Asia . It have a populations estimated of 90.3 millions peoples in 2012 census . Vietnam have bordering country with China to the north , Laos and Cambodia to the southwest and South China Sea to the east . 

Vietnam economy was mainly dominated by agriculture products like  cashew nut , rice and black paper . 

Gold mining and gold  production  history in Vietnam

Vietnam have mining capacity no more than  2 metric tons of gold per annum . From 1999 to 2004 , Vietnam  gold mining operation manage to produce about 1000kgs to 2000 kgs of gold yearly . A signification increase of 50% of gold mining producing in Vietnam to 3000 kgs per annum in 2005  to 2008 and currently at average  of 2000 kgs per annum.

Local demand of gold in Vietnam

Gold has very high demands in Vietnam for the purpose of trading , merchandising and industrial . Gold was use in sectors like jewellery fabrication , private investment , industrial application and central bank reserve .

A major activities involving gold in Vietnam economic were :-

a) Payment currency for real estate deal , car , commercial settlement among private indvidual

b) Saving

c) Commercial financing obligation

d) Hedge financial asset

e) Act as Guarantee or Bond 

Vietnam consume 58 metrics ton of gold in 2003 .  A high demand in gold drive for  gold smuggling and hoarding activities Vietnam .

Rules and regulation for selling gold or buying gold in Vietnam

Gold business in Vietnam control and regulated by State Bank of Vietnam . The following activities must be grant approval by State Bank of Vietnam before commencing .

1. Gold fabrication, gold mining , trading  gold , import or  exporting gold

2. Trading gold quota

3. Import or export quota

Saigon Jewellery  Company (SJC) is the only company  granted license by State Bank of Vietnam to manage gold distributions , producing  and manufacturing  in Vietnam .  SJC control 90% of gold market share in Vietnam .

1 tael gold by SJC

Import duty and tariff.

For importing gold bullion into Vietnam , there no sales tax and import duty , however it is different rules for  gold jewellery. There are 10%  sales tax and 20%  import duty  for gold ring , jewellery, etc .

Best selling gold price in Asia market 

Vietnam local gold demand were large  and yet gold production was limited to 2000kgs per annum . Gold bring sense of security in keeping a person  wealth  in Vietnam. Local currency "Dong" was depreciated so much more in recent years , made people more interested in gold as saving .

At a moment , gold price for selling gold in Vietnam was higher than gold spot price worldwide . There was a higher gap of gold price between 10 %- 15% premium . This will make gold investor an opportunity to  receive higher rate of return on their gold.

Below chart show gold price comparison between spot gold price to Vietnam gold price in year 2010 upto 2013 . It clearly  show  a premium price for gold and will continue it trend .

Sell gold at premium in Vietnam

As long as Vietnam peoples show an interest  for gold in their daily  activity  and kept golds as real saving , gold price in Vietnam will kept at premium price .

For tourist visiting Vietnam , it is better just to bring few piece of gold bullion and sold gold for cash in Vietnam than exchange your currency. 

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Buying gold in Indonesia

Gold trading in Indonesia.

The Republic of Indonesia is a country located in South East Asia. It was a vast country with a population more than 240 million peoples in 2011 census. By geography, Indonesia was an archipelago of more than 1,700 islands.The major populated islands were Java, Sumatera, Kalimantan (Borneo), Nusa Tenggara, Sulawesi, and Papua.

 Gold trading in Indonesia could be track back in history to the 13th century. Traders come from East, China and West from India and Arab trading by selling goods for exchange to spices from the Maluku Islands . Gold was recorded as item use by Indian trader from Gujarat near Ahmedabad, India to trade for spices in Sumatra and Malay Peninsular. Admiral Cheong Ho from 14th century China refers Sumatera Island or Aceh as rich land or land of gold.

Types of Gold Trade in Indonesia

Gold for investment in Indonesia was known as "Emas Batangan" or " Logam Mulia" were 24K gold with a certificate from LBMA sticker of authentic. It is different from gold jewelry which is using 22K or less purity. The jewelry is much appreciated for its design and craftsmanship. Trading can be done for both types of gold and trading can be done easily. There no restriction or price control over buying or selling of gold in Indonesia. Their price was quoted in Indonesia Rupiah per gram. Cash did all transaction. The price of gold start from a weight of  1g , 2g, 5g , 10g, 20g , 50g 100g. A Higher weight  will offer a lower price per gram.  

Location of the gold shops at Indonesia.

 In general, there so many gold shop available in Indonesia. For a high-quality 24k gold, the most known shop is PT Antam, seller of Logam Mulia brand gold located in Jakarta Selatan, Java Island. 

The well brand name " Logam Mulia " was trusted for honesty and quality.

Sumatera Island 

The gold shop can be found in Bandar Aceh. A capital city with history and event of tsunami and earthquake incident which brings down the city to a field of destruction. A lane of gold shops survive it, and it calls " Jalan Tgk Chik Pante Kulu " in the local phrase. It is a large concentration of gold shop in Bandar Aceh.

Java island 

Branches of Logam Mulia shop can be found in Surabaya and Jogjakarta. Another shop that was trustable was Toko Aneka Logam , Jakarta Utara .

Good shops also can be found in Pasar Baru , Bandung  for selling and buying gold. Many retailers offering to buy gold and prices varied from 300 thousand Indonesia  Rupiah to 500 thousand Indonesia Rupiah per gram.

Kalimantan (Borneo Island)

Several reputable gold shops can be found in Pelangkaraya   at central Kalimantan region and Banjamasin  in South Kalimantan region. These two cities were located on the remote island of Borneo and interconnection road was almost on to existence between these two major cities.

Due to that unknown factor, there was a large different in gold price per gram traded here.

Another city to the east of Borneo calls Bontang has several shops and online website.

Gold trading at it best.

In Indonesia, where more than 240 million people resided, gold was treated as saving rather than investment. Country folk who unable to access to banking facility or do not want to keep their cash in hand buying gold. Gold was kept as saving in rainy days or saving to buy the bigger asset like land. Gold also important during the wedding ceremony in Indonesia as the gift to bride to be and her family.

At the moment, online gold trading was active and popular to the new generation. Gold become an instrument of generating income and wealth.  Pawnbroking activity was active among these country people for lending out money and gold were introduce as the collateral.

The local gold market quite competitive and offer the best price and saving on bulk purchases.  It is a must stop destination for a gold collector and investor, try buying gold in Indonesia you will not regret.

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How to sell gold in Malaysia

Gold jewelry or gold bullion can be sold easily in Malaysia without any restriction. There were no selling tax or capital gain tax rules for any types of gold items sold by Malaysia resident or nonresident. No permit or license required for such activity, except for export or import of gold to or from oversea in the form of gold bullion required permission from Malaysia central bank approval.

Where to sell gold in  Malaysia?

The were four major ways gold can be sold in Malaysia. Firstly, gold can be sold directly to any local gold shop or jewellery shop.  It is required for the seller to provide proof of purchase and proper identification for recording. The gold shop will offer buying price 15 % below normal market price as a handling fee.

Secondly, sell gold directly to the private investor. There is much local gold investor want to buy gold at a higher price than retail gold shop. The gold buyer can be found easily nearly by the gold shop or ads in the local newspaper. The price offers slightly better than gold shop rate at  9% - 12% spread of daily gold price.

Thirdly, there was a gold distributor from gold franchise company that offer to buy gold as trade in value for their products. You can found them easily in a local newspaper and internet media. They will offer to buy gold at according to the company publish rate which was better than a gold shop.

Finally, you can find a gold buyer in internet store or online shop which can be reached easily on Facebook or blog website. This private seller was a small trader or small enterprise which can be trusted and using mail as the delivery method. Their price is not controlled by any franchise company or gold  shops association. The price offered were more attractive as this gold buyer have little or less operating cost and less targeted buy margin at 4-5 % higher than the spot price.



How to sell gold in Malaysia 

For selling gold to gold shop or franchise company, you can either walk into any gold shop and ask for quote buying price. The store gold selling price per gram was on display in every gold shop, but it is advisable to ask for update buying rate first. The shop owner normally has gold weight machine to verify gold weight in gram and gold purity tester for check gold purity.


For online buyer and private investor, it is proper to provide the gold weight in gram and gold purity information for their valuation.  Usually, the trade was made at meeting points like a coffee shop or bank. For a significant amount of gold meeting inside the bank is advisable for better security.

Term and condition to sell gold in Malaysia.

There were no particular condition or property gain tax for sell gold in Malaysia. All transaction were made by cash basis; selling was concluded and completed after an exchange of good and cash.


Cash option when you do not want to sell gold in Malaysia

Gold was much appreciated in Malaysia and can be considered as good as cash. If you want to acquire cash with selling your gold, you are always can go for borrowing with your gold as collateral. You can alway get maximum borrowing out  of 60% of your gold market value. For a small handling fee, you can get a payback period up to 6 months at any Ar Rahnu outlet .

To conclude, selling gold in Malaysia is easy and exciting. You can found various type of purchaser and shop that give your a puzzling option and gold price rate at best or worst than spot market. Using spot market as the guide are advisable but never exclusive.  Spot price rate can be found in real time at a local gold market website. There are RM20  to RM60 different per weight of gold to Malaysia gold market price to world spot gold price.Try to sell your gold in Malaysia for better investment option.



  





  

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