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where to buy silver in Taipei?

A resource forum for those interested in buying, selling, or developing a business; for questions about retirement plans; investing and basically any aspect of acquiring, keeping and increasing one's personal stash of filthy lucre.

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Re: where to buy silver in Taipei?

Postby Tony the Tiger » 28 Sep 2011, 22:11

lumka1 wrote:There is another online site with a similar name and logo - are they the same? http://www.booksilvertrade.com.tw. There is also another one, but slightly cheaper: http://www.shiny.com.tw/. I would be glad if anyone can post some experiences they had with these online brokers. I am particularly interested in their policy of buying back the silver, in case I want to sell it.


Out of all the three sites, booksilver.com has the lowest prices.

The other two sites have a buy back price for a couple of silver assets. God damn, the spreads they have are pure rape. I calculated their spreads to be between 10% and 25%.

If the spread is 20%, that means the price of silver needs to appreciate 25% for you just to break even. Pretty sick. Maybe silver investing in Taiwan is not such a good idea...
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Re: where to buy silver in Taipei?

Postby timmyjames » 02 Oct 2011, 21:03

I don't really see the point in physically buying silver if you want to buy for short term investment...just like most people don't physically get stock certs nowadays....I was more interested in it for insurance...pretty sure buying physical silver for investment in taiwan is more trouble than it's worth
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Re: where to buy silver in Taipei?

Postby lumka1 » 27 Oct 2011, 15:11

Just some feedback. I have checked out numerous sites, such as booksilver.com, maplesite.com. prosbcoin.com, which are all silver and gold bullion and coin traders in Taiwan. Some looked fishy, but I can not confirm anything. I found that booksilvertrade.com.tw uses physical dealers as well. I contacted the dealer in Hsinchu [a long time jewelry shop] and placed my order through him at no extra cost. I ordered some 2012 Australia Dragon coins and Scottsdale silver bars as a trial, to see if I ever receive my order, and if they turn out to be genuine. As it turned out, I am happy with my purchase and will use this channel again.
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Re: where to buy silver in Taipei?

Postby gavmasterflash » 16 Jul 2012, 21:03

nevermind.
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Re: where to buy silver in Taipei?

Postby papercut » 13 Jun 2014, 09:16

I am interested in picking up a few silver coins if anyone is looking to cash out. Willing to pay Silver Spot + 5%:

http://www.bullion-rates.com/silver/TWD/spot-price.htm

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Re: where to buy silver in Taipei?

Postby donpaulo » 18 Sep 2015, 12:37

The question on most people`s minds is will Silver test new USD lows or have we reached the bottom yet.
I will be in Taipei next week and plan to buy a few coins at the bank. While the premiums are quite high, I do not have access to INTL coins where I live in Japan so Taipei is the best place for me :)
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Re: where to buy silver in Taipei?

Postby triceratopses » 12 Dec 2015, 04:43

any mint type place around to sell silver bullion?
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Re: where to buy silver in Taipei?

Postby BrentGolf » 14 Dec 2015, 14:58

There is of course the SLV if you're looking to track the price of silver without having purchase premiums, storage or insurance issues, and liquidity problems with buying and selling when you want. I know a lot of gold and silver buyers are hesitant to own ETF's so if you're really set on physical that's totally fine. Both have advantages and disadvantages.
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Re: where to buy silver in Taipei?

Postby mrhotdice » 19 Jan 2016, 10:27

Anyone buying silver here in Taiwan. Me thinks at present prices it's a good deal and may double by 2017-18
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Re: where to buy silver in Taipei?

Postby RockOn » 19 Jan 2016, 15:30

mrhotdice wrote:Anyone buying silver here in Taiwan. Me thinks at present prices it's a good deal and may double by 2017-18


The spread is massive in Taiwan between the buy and sell price. It can be anything between 10%-20%. That means before you can start making money on your silver, the price has to move up 10%-20% just to get back to break even.

Also, with the global economy teetering on the edge of a cliff right now, buying one of the most volatile assets in the world (no jokes!) is probably not the best idea. Silver can easily lose another 20%-30% before it turns around for good to start its new bull market. That's just my 2 :2cents:
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