Why should I buy gold and silver?
We believe everyone should have gold and silver in their private possession, where they can lay their hands on it, because:
They are safe haven instrument that rise during economic upheaval, war, terrorism, and natural disaster.
They have a proven track record of performing well in inflation or deflation.
For 5,000 years, gold and silver are the only assets that have never failed.
They are tangible assets of intrinsic value.
Their purchasing power can never fall to zero.
They are the only financial assets that can be completely private, and not part of the financial system. Even real estate requires the financial system to transfer title. Gold and silver do not.
They are one of the few financial assets that are not simultaneously someone else’s liability. Stocks, bonds, and derivatives like futures and options, require the performance of someone else. Even cash requires the performance of the government issuing it. In other words, if a government fails, so too does their currency. Gold and silver never fail.
They can be wholly owned. You can never really own real estate for instance, if you think you can, just try not paying your property taxes for a few years.
Can I change my order after my order is confirmed?
No. Once the order is confirmed, it is final.
Can I cancel my order?
No. Once you have confirmed your order, MY Bullion Trade has already purchased metals from the wholesale market on your behalf, all prices are locked-in and final, and we have entered into a binding contract.
However, you may sell your metals back to us at prevailing market rates, and MY Bullion Trade will then sell them back to the wholesale market. Should you choose to sell your order back to us, you must do so during Business Hours of 9:30 a.m. to 4:30 p.m., Monday through Friday (we follow the banking operating hours of Kuala Lumpur).
Why are there times when some items become “temporarily unavailable”?
The recent economic upheaval has caused a gold and silver rush, which has caused many items to become scarce. This has happened and will continue to happen with all dealers dependent upon market demand.
Why is your price higher than the spot price?
Spot price can be thought of as an ‘industrial wholesale’ price for the metal. Then the mints have to be paid to change it from this form into the products that investors want, so even dealers can’t buy these products at the spot price.
The easiest and cheapest products to make are large bars, like 100 oz. silver bars, or one kilo gold bars, so the premiums above spot price for the larger products are usually the lowest. The premium above spot price typically rises with the smaller products since there is more work involved in producing them.
Why are U.S. Eagles, Canadian Maple Leaves and Australian Kangaroo so expensive?
These government mints add what they call ‘seigniorage’ to all coins they mint. However, you gain back much of the seigniorage when you sell them back to a dealer.
When purchasing back from retail customers, all dealers typically pay more for Eagles and other legal tender bullion coins over common bullion products.
Do you carry other precious metals such as platinum, palladium, or rhodium?
No. We at MY Bullion Trade believe that at this critical time in history everyone should have the safety and potential massive gains in purchasing power that only real money (gold and silver) can provide.
Only gold and silver are money. Platinum, rhodium, and palladium are commodities only.
Are my prices locked in when I place my order?
Yes. Once your order is placed your price is now locked-in regardless of new price movement. Full payment must be made within 2 hours. Failure to do so will result in automatic cancellation of your order.
Can I return my order?
No. However, you may sell back your order at prevailing rates. Please call in to get a price quote.
Do bullion coins come with a certificate of authenticity?
Yes. Each coin or bar carries a statement of weight and fineness that is stamped directly onto it. The coin or bar itself, in effect, bears its own ‘certificate’ from whichever mint or refiner produced it.
Is there a legal limit on how much gold I can own?
No, there is no legal limit on how much gold or silver you can own. However, for all transactions above MYR50,000, we are required to keep a record in compliance to BNM’s Anti-Money Laundering and Anti-Terrorism Financing Act 2001. All clients information are kept confidential and will only be surrendered to the authority upon formal summon.