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!