where to buy silver in Taipei?

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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...
Born in Taiwan. Grew up in California. Graduated from Cal. State Fullerton in 2008. Studied Chinese for 3 semesters at Shi-Da. Decided to live in Taiwan so I joined the Taiwanese army as 替代役.

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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

Cheers
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