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Lately, the spot price of silver has gone up to $31 from $28, and people around have been buying like crazy! Several analysts say that the price of silver will continue growing up to $50 per oz!

Some of my friends are asking how to buy silver in Malaysia, what to choose, how to choose and so on. In this post, I will only talk about what kind of physical silver you can consider to invest.

1. American Silver Eagle

American Silver Eagle is the legal tender of US, with a face value of USD1. It is one of the most popular physical silver coins among silver investors. Since its launch in 1986, ASE has become leading bullion coin investment products. Featuring a rendition of sculptor Adolph A. Weinman’s magnificent Walking Liberty design, it is known for its beauty and fine quality production.

Lately a lot of customers of mine are buying this. One of the reasons why American Silver Eagle has been the most favourable legal tender is because of its liquidity.

2. Canadian Maple Leaf

Canadian Maple Leaf is minted by the Royal Canadian Mint since 1988 and it’s the legal tender of Canada with CAD5, which is the highest face value among international silver coins. Besides, the purity of the coin is 99.99% (or .9999), which is also the highest among other physical silver bullion.

Canadian Maple Leaf is also one of the most popular physical silver among silver investors in Malaysia.  would personally prefer Canadian Maple Leaf because generally, its premium is lower than American Silver Eagle, which means, it’s cheaper than American Silver Eagle and hence you can buy more!

For those who wish to invest in these silver coins when the price is still low, check out Silver4u Malaysia Online Retail Store for the latest quote!

Recently, the spot price of Gold and Silver have been rising and Silver reached as high as $30.80 yesterday! Many people, including me, have been buying a lot of silver bullion bars and coins when silver price was at the rock bottom. And now, it hikes!

Yesterday I was with a customer of Silver4u Malaysia. What we’re thinking is actually the same. Top be honest, we do not hope silver price to increase that fast, because people can buy and invest more when the price is dirt cheap! However, it seems like many people are regretting for not buying while it’s low.

Many people have been analyzing the silver’s resistance level. Some have been saying it would be $29, some say $30. Those investors have been putting words around in the internet that silver would again experience a price hike because it has broken its resistance level.

I am not a person who likes analyzing but I do trust technical analysis a lot. And yes, from my personal view and research (on what people are saying), Silver will experience a great price increment again. So now it is still not too late for you all to invest.

If you’ve extra money that you do not know which asset classes to put, invest in silver now!

I’ve been investing a lot during the past few weeks, and yeah, those who have been investing during that period, Congratulation! Those who haven’t, take actions before it’s too late!

Recently, a lot of people mentioned about depreciation of Malaysian Ringgit, and many people shared photos about this matter. This drives me to do some simple researches.

To find out whether a currency is depreciating, we can only determine my comparing against other currencies. In general, all paper currencies are fiat currencies and by nature, they’re always falling in value because of federal reserves printing. The only thing we can do is comparing the exchange rate and determine how much other currencies you can buy with your country’s currency.

First of all, let us look at USD.

Starting from March 2012, our currency is depreciating against USD. Despite what are happening in US such as the massive currencies printing, MYR seems depreciating more than USD does.

The next one would be GBP.

Since March 2012 too, MYR was depreciating against GBP but recently because of the crisis happening in Eurozone, the GBP currency is affected and depreciated more as compared with MYR. However, right now, in average, we still buy less of their currencies compare with years before.

EUR is one of the currency that depreciated against MYR, due to the debt crisis in Eurozone.

MYR is appreciating against EUR and it’s believed that the Euro Dollar is going to continue falling. Several news have mentioned that Greece is likely yo quit Eurozone. The economic downturn of the whole Eurozone will affect countries which export goods and services to them.

Have a look at AUD.

MYR is appreciating against AUD during February to May but depreciating against AUD since May 2012.

What about MYR to SGD?

It’s pretty obvious. Malaysian Ringgit is depreciating against most of the currencies. However, what is the main reason that caused MYR to depreciate? Is it because our currency is devaluing more than other currencies do? In certain extents, I believe this is one of the major reasons. Another factor would be the economic growth of Malaysia is slower than countries such as Singapore.

There are also news publication mentioning that Malaysian Ringgit’s depreciation has hit the 14 years lowest.

In my opinion, the next global economic crisis is definitely a currency crisis, whereby people will no longer demand paper fiat currencies because its value is coming all the way down. This will cause deflation because the paper currencies circulating in the market fall tremendously, and we can see the federal reserves will start printing paper currencies and push the market (this is happening is Japan right now!), causing hyperinflation!

Robert Kiyosaki spoke in National Achiever Congress and predicting that there will be a currency collapse in 2016. Right now he’s investing a lot in silver and oil. I always believe that commodities such as gold, silver and oil are good asset class to invest because every time when the value of currencies go down causing inflation, the price of commodities will go up.

I’ve founded Silver4u Malaysia that provide financial education and retailing of physical silver. Investors can now buy and invest silver in Malaysia with us and get prepared for the upcoming currency crisis and hyperinflation!

I’ve been following the silver market closely for a couple of months, checking spot price and physical silver price everyday. After comparing spot price and physical silver price of these few months, I realize something and I am going to share with everyone here.

If you often check the silver spot price during these few months, you will have known that silver spot price was going down until $27-$28. Many people become pessimistic about the price of silver, especially those who enter at above $40 last year. However, I spotted something which is good.

I remember when I was first started investing in physical silver, the sport price was around $32 and I got quoted RM115 to RM125 for 1oz of silver bar (Sunshine, Apmex and other low premium silver bars). After that, silver spot price continued to fall. At $30 to $31, my friend got his silver bar for Around RM112 to RM118 per oz. When the sport price hit $29, physical silver bar was trading at around RM108 to RM112.

Strange thing happened when the silver spot price went below $29 and fluctuated between $27 to $29. Physical silver was trading with the same price as in $29 during that period! And it’s happening not only in Malaysia. Some oversea dealers were also selling physical silver with a same price when the spot price was below $30.

So what do all these mean?

I assume that physical silver investors have a net safety price at around RM110 per oz  for low premium silver bars and RM120 for low premium legal tender coins (American Silver Eagle, Canadian Maple leaf & etc). When the silver market “crash”, people who own paper silver will have overcome a huge loss while physical silver investors have a net safety price.

Some investors are not willing to invest in physical silver because of the premium. In my opinion, it’s worth to pay for the premium and get physical silver because it serves as a good and stable wealth preservation or protection. As Mike Maloney always stresses, if you don’t hold it, you don’t own it. And here it comes into a play.