Ref : UOB Silver account - Some doubt

[Dennis Ng]

Hi Dennis or any guru,

need some advise whether now is still a right time to invest in Silver, and what's the uptrend growth? thanks!

go through all the notes I mention about Silver, and I think it is clear whether Silver is a Buy/Sell/Hold at current prices.

[moneyisfreedom]

Hi Dennis or any guru,

need some advise whether now is still a right time to invest in Silver, and what's the uptrend growth? thanks!

go through all the notes I mention about Silver, and I think it is clear whether Silver is a Buy/Sell/Hold at current prices.

Hi Dennis:

Am a past graduate. Also, attended your seminar yesterday. Preferred the second half where you spoke. Only wished that part was significantly longer.

Anyway, 3 quick queries about your 'foolproof ' investment portofolio.

First, about cash. You mentioned that you kept 20% in cash. How exactly is this kept...in FD, Savings account, or some other liquid form ? What is the best method ?

Second, about silver. Silver price keeps going down. Logically, with increased fear of inflation, I would have thought the price would go up. I understand your argument about buying Silver, and I have put my money where my mouth in, by purchasing 450 oz recently. Now, as silver prices are going down, should I wait to continue buying. Is there some TA or other method to use to know when to go in again ?

Third, about buying property. You mentioned that the property agents are not being frank when they said that it is business as usual, as the measures are actually very drastic. Presumably, property prices will be very adversely affected. You also mentioned that the only property worth buying now is land. However, with so much demand for land, wouldn't prices stay high and hence unaffordable ? Also, do you mean buying land anywhere in Singapore, or only in the prime areas (which is still VERY VERY expensive). Finally, what about buying big apartments in good areas instead ?

Thanks. Your talks, as always are entertaining and informative. Am waiting for your English book to be launched.

[lootster]

If I hear correctly, think Dennis mentioned landed property in singapore and not buying land.

No offence but just to share, Dennis mentioned previously about the psf price of landed property as compare to condo or apartment is still consider "cheap" so is a better buy. Just like comparing gold and silver

As landed property supply is limited which are not going to meet the demand with the influx of foreigner, prices can only go higher.

Of cos not everyone can afford to invest in landed property right now including me, but if you really can afford, landed property will be a better choice than condominium.

This is purely base on Dennis analysis and of cos he could be wrong, but I think what he said make sense

[Dennis Ng]

Hi Dennis:

Am a past graduate. Also, attended your seminar yesterday. Preferred the second half where you spoke. Only wished that part was significantly longer.

Anyway, 3 quick queries about your 'foolproof ' investment portofolio.

First, about cash. You mentioned that you kept 20% in cash. How exactly is this kept...in FD, Savings account, or some other liquid form ? What is the best method ?

Second, about silver. Silver price keeps going down. Logically, with increased fear of inflation, I would have thought the price would go up. I understand your argument about buying Silver, and I have put my money where my mouth in, by purchasing 450 oz recently. Now, as silver prices are going down, should I wait to continue buying. Is there some TA or other method to use to know when to go in again ?

Third, about buying property. You mentioned that the property agents are not being frank when they said that it is business as usual, as the measures are actually very drastic. Presumably, property prices will be very adversely affected. You also mentioned that the only property worth buying now is land. However, with so much demand for land, wouldn't prices stay high and hence unaffordable ? Also, do you mean buying land anywhere in Singapore, or only in the prime areas (which is still VERY VERY expensive). Finally, what about buying big apartments in good areas instead ?

Thanks. Your talks, as always are entertaining and informative. Am waiting for your English book to be launched.

1. My Cash is in several Savings accounts, I don't bother about an extra 0.5% on such Cash as it is meant as Opportunity Fund and when deployed, min I look at is 50% to 200% returns.

2. Some might look at TA of Silver, you can ask another seminar graduate Ein55, who is quite good at TA.

3. Property prices might/might not go down. I only said based on Upside/Downside analysis, now the downside risks appears to be more than upside potential of buying Residential properties.

I said Landed Properties, not Land, guess you heard me wrongly. I think another seminar graduate lootster, has explained what I meant in a reply posting to you.

Buy my Chinese book first, it is a good opportunity for you to brush up your Chinese. China is likely to be the Next Great Nation, I urge everyone in Singapore to brush up/improve your Chinese if you can, this is one Reason why I write a Book in Chinese, to force myself to practise my Chinese. Of course another reason is there is a Lack of Chinese Books on Personal Finance in Singapore context, so without me writing the book in Chinese, many people who read Chinese have no access to Good Books on Personal Finance in Singapore context.

[uris]

In terms of TA, silver has broken below the 50day MA but have not yet touched the 100day MA.

The 100day MA is around 25.6 while the 200day MA is way lower at 21.92. Going purely by TA, you can buy on a bounce of the 100day MA or when it shows an upward trend.

For me, I believe the fundamentals of silver and have already entered yesterday via SLV after sorting through my brokerage issues.

For anyone unfamiliar with overseas trading, UOBKayhian normally asks for funds to be place with them to increase your HK/US account limit. My previous limit was HKD 1000 and USD 1... My broker told me the funds can be waived depending on trading history, etc with the brokerage. I simply told him I do not plan on shorting (i believe the funds are use as margin) and I only need a small amount (USD5k) so it was waived after a day or so.

[stanlee]

Hi Dennis or any guru,

need some advise whether now is still a right time to invest in Silver, and what's the uptrend growth? thanks!

go through all the notes I mention about Silver, and I think it is clear whether Silver is a Buy/Sell/Hold at current prices.

Thanks. I just enter today at S$34.72

[Dennis Ng]

Hi Dennis or any guru,

need some advise whether now is still a right time to invest in Silver, and what's the uptrend growth? thanks!

go through all the notes I mention about Silver, and I think it is clear whether Silver is a Buy/Sell/Hold at current prices.

Thanks. I just enter today at S$34.72

On 29 Jan 2011, https://uniservices1.uobgroup.com/secur ... prices.jsp the price is S$35.86.

Some time in future, whether you bought it at S$34, S$35 or S$39.....it will make little difference...

thanks JimmyKKL for sharing the article below, which also specially mention about Silver.

Whether you bought Silver at US$26, US$27 or US$29, some time in future from now, the difference might be very insignificant.

I have said enough about Gold and Silver, let's read what other Financial Experts have to say about this topic:

http://www.masteryourfinance.com/forum/ ... 0&start=15

白银的光荣与梦想

　　“白银很可能是我们这辈子最大的投资机会，我更建议买实物白银。”

　　白银在50多种语言中都与钱是同义词。白银在世界上许多国家都曾是主要的货币。自鸦片战争至清末的50多年时间中，屡战屡败的中国，各种不平等条约签了 1000多条，累计赔款总额达到10亿两 白银。一贯喜欢金币的西方人为什么不首先掠夺中国的黄金呢？为什么鸦片不被推销到印度、非洲、美洲，偏偏卖到中国来呢？“这是特别为中国设计的鸦片战争。”宋鸿兵如是说。

　　宋鸿兵认为，美国所启动的新一轮量化宽松政策终将以失败收场，其后果必将推动黄金价格继续走高。在他看来，未来黄金价格还有巨大的上涨空间。除继续关注黄金的投资潜力外，白银的重要 投资价值也将逐步体现，有望为投资者带来惊人的回报。

　　“世界货币要重回金本位，黄金的价格涨到一万美元是非常保守的数字。”宋鸿兵曾经在《货币战争》一书中指出，美元体系可能发生重大危机，并提出未来黄金可能会重新货币化。时隔四年， 黄金价格经过持续上涨，价格为2006年时的3倍。对于未来黄金价格的走势，宋鸿兵认为，金价达到1万美元/盎司并非没有可能。

　　他的观点是，美国经济的根本问题在于负债率过高，负债增速远远超过了GDP增长的速度，而能够持续繁荣的动力来自于向其他国家低成本负债以推动资产价值。这个模式的核心在于资产价格要 无限上涨，但最终会面临自己的债务越来越高，造成资金流断裂。“迎接我们的将是一个战国时代”。

　　同时，宋鸿兵也提出，在目前的市场环境中，白银具有重要的投资价值。“历史上，白银就是货币，无论在中国、美国、英国都一样。白银在美国用到上世纪60年代，这个历史传承和惯性是存在 的。”

　　白银拥有较大的工业需求，包括新能源、手机、液晶、电池等产品都存在对白银的需求，随着环保新能源的广泛使用，这一需求还将大比例增加。与此同时，白银的产量有限，“白银比黄金更具 投资价值。黄金与白银曾经的历史比价是1：16，现在为1：60。白银比黄金更稀缺，工业用途更大。白银储备是黄金的五分之一，换句话说白银比黄金稀缺得多，从未来全世界的储量看，白银可开发 的时间是12.3年。”未来，白银货币金属属性还可能凸显，为投资者带来惊人的回报。“如果黄金继续不断的上涨，白银会上涨得更快。”

[Dennis Ng]

Daily Bell: Explain how gold would fit into your larger perspective. Are you in favor of a gold standard, or a gold and silver market standard?

Jim Rogers: The world has used silver as money more than gold, because silver was the "people's money."

The US was based on a silver standard for many decades of its existence. Gold has always been important but silver has been money more than gold. But the gold standard has never really worked in the long term, nor has the silver standard, because politicians always figure out a way to get around it. They debase it, change the rules or whatever.


Just look at Rome. The whole word debasement comes from the Romans who kept substituting more and more base metals into their gold coins until by the end there was nothing but base metals.

The gold standard has worked very few times in history. It seemingly was successful in the nineteenth century, but then the British started discovering gigantic gold mines in South Africa, which led to more wealth and success for the UK though not necessarily for the rest of the world.

[h229229]

Update from UOB regarding Gold & Silver account

Notice:
[ Please be informed that all branches in Singapore will cease trading of Gold Savings Account and Silver Savings Account on Saturdays with effect from 30 July 2011. The trading of Gold Savings Account and Silver Savings Account is available from Mondays to Fridays during banking hours. ]

http://www.uob.com.sg/personal/deposits ... metal.html

[sereneloong]

Hello!

In general silver and gold prices go in tandem. Yet at current levels, we learn from Dennis that silver has more upside than gold.

Given that I still have some money parked in gold, does it make sense to sell these off and put it all in silver? Or is it better to diversify as our assumptions may be wrong? Any thoughts on this anyone?

Thanks,
Serene

[kklok]

Hello!

In general silver and gold prices go in tandem. Yet at current levels, we learn from Dennis that silver has more upside than gold.

Given that I still have some money parked in gold, does it make sense to sell these off and put it all in silver? Or is it better to diversify as our assumptions may be wrong? Any thoughts on this anyone?

Thanks,
Serene

Hi Serene,

If I am you, I will just leave it. Current Gold / Silver Ratio is 42.43. Both are also a good Investment Vehicles. Of cos compare to gold, you can buy more silver with the same amount of money. At the end of the day I think is what you are comfortable.

Silver at least we know there is a chance to break the historical price of US$49.4500. Few months it did try to break but never success. So in upcoming month there is a chance for this to happen again. Just my view.

Cheers
KK

[Dennis Ng]

Hello!

In general silver and gold prices go in tandem. Yet at current levels, we learn from Dennis that silver has more upside than gold.

Given that I still have some money parked in gold, does it make sense to sell these off and put it all in silver? Or is it better to diversify as our assumptions may be wrong? Any thoughts on this anyone?

Thanks,
Serene

Hi Serene,
I used to have 50/50 in Gold and Silver.

Over time, I put more and more in Silver, but didn't sell my Gold (becos I always ask myself what if I'm wrong?)

Currently, I have 80% in Silver, 20% in Gold.

[TieGe]

Just a quick question, when you open an account and buy the silver from UOB, can you pay using a POSB check or you need to pay by cash or money in UOB bank account? What happen if you do not have a UOB account can you still open the silver account?

Tie Ge

[WilliamS]

Hi Tie Ge,

I believe you can pay using check or cash if you do not have an account with UOB. Because you are opening a new account (silver account) anyway. Alternatively, you can use the check/ cash and open an account with them then buy using that account. But that will be an extra step.

I have a UOB account with them already so my transaction was pretty quick, just need to fill up some paper work for the new silver account.

Hope that helps.

[Dennis Ng]

Just a quick question, when you open an account and buy the silver from UOB, can you pay using a POSB check or you need to pay by cash or money in UOB bank account? What happen if you do not have a UOB account can you still open the silver account?

Tie Ge

Hi TieGe,
it's best you have a UOB account, as UOB must have the money in their bank for you to "buy" the silver. So you must first open an UOB account and deposit the money, can be via cheque into the UOB account first.