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chungbukdo
Joined: 22 Aug 2010
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 Posted: Sat Apr 02, 2011 6:06 pm Post subject: Korean Silver ETF |
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| Is there a silver ETF listed on the Korean stock exchange? |
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mike in brasil
Joined: 09 Jun 2003
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| Posted: Sun Apr 03, 2011 7:14 pm Post subject: |
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I've always gone with Kitco.com
I think they have a Hong Kong office these days, but that's for bullion and coins. I think they have a synthetic silver trade too.
I don't think the local market in Korea has those etf-style commodity products.
Silver to $100! |
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chungbukdo
Joined: 22 Aug 2010
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| Posted: Mon Apr 04, 2011 2:42 am Post subject: |
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Hey Mike, much thanks on getting back to me.
That's a shame there are no ETF commodity products in Korea. I wanted to do this stuff under my girlfriend's name in Korea rather than Canada where I'd pay capital gains taxes.
When you buy silver bullion in Korea you pay a 10% tax right off the bat. I've only been able to buy in 1kg increments too which is slightly inconvenient.
How do you invest through Kitco while in Korea (if you're here and not in Brazil)? |
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Jane
Joined: 01 Feb 2003
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| Posted: Mon Apr 04, 2011 3:14 am Post subject: |
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| mike in brasil wrote: |
| Silver to $100! |
Silver to $500!
Nice gain on silver today of 0.71 cents.
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chungbukdo
Joined: 22 Aug 2010
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| Posted: Mon Apr 04, 2011 3:39 am Post subject: |
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| I feel more grief than joy when silver gains cuz I intend to buy a lot more of it. |
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mike in brasil
Joined: 09 Jun 2003
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| Posted: Mon Apr 04, 2011 4:36 pm Post subject: |
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Kitco delivers anywhere in the world, and they don't charge 10% VAT. (at least I've never paid it)
I have the 100oz bars and they are heavy.
Historically precious metals go through a weak period during the summer, so you might want to consider that.
The price swings on silver are just crazy though, so get ready if you haven't ridden it before .
The other metal that has outperformed in the group is palladium.
Silver's next stop will be into the low $40's~ |
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LL Moonmanhead
Joined: 21 Mar 2005
Location: yo momma
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| Posted: Mon Apr 04, 2011 6:02 pm Post subject: |
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| chungbukdo wrote: |
| I feel more grief than joy when silver gains cuz I intend to buy a lot more of it. |
Hit me up if you want to buy some silver. I have bars and coins. Gold too, if you want. |
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Poker
Joined: 16 Jan 2010
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| Posted: Tue Apr 05, 2011 5:00 am Post subject: |
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| chungbukdo wrote: |
Hey Mike, much thanks on getting back to me.
That's a shame there are no ETF commodity products in Korea. I wanted to do this stuff under my girlfriend's name in Korea rather than Canada where I'd pay capital gains taxes.
When you buy silver bullion in Korea you pay a 10% tax right off the bat. I've only been able to buy in 1kg increments too which is slightly inconvenient.
How do you invest through Kitco while in Korea (if you're here and not in Brazil)? |
I bought 3 1kg silver bars for cash in Jongno-3-ga 2 weeks ago, no 10% tax. Just pay in cash. Spot plus $3.
LL Moonmanhead, what city are you in? |
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LL Moonmanhead
Joined: 21 Mar 2005
Location: yo momma
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| Posted: Tue Apr 05, 2011 5:11 am Post subject: |
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| I'm in Seoul. |
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austrian123
Joined: 15 Oct 2010
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| Posted: Tue Apr 05, 2011 7:29 am Post subject: |
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| Poker wrote: |
| chungbukdo wrote: |
Hey Mike, much thanks on getting back to me.
That's a shame there are no ETF commodity products in Korea. I wanted to do this stuff under my girlfriend's name in Korea rather than Canada where I'd pay capital gains taxes.
When you buy silver bullion in Korea you pay a 10% tax right off the bat. I've only been able to buy in 1kg increments too which is slightly inconvenient.
How do you invest through Kitco while in Korea (if you're here and not in Brazil)? |
I bought 3 1kg silver bars for cash in Jongno-3-ga 2 weeks ago, no 10% tax. Just pay in cash. Spot plus $3.
LL Moonmanhead, what city are you in? |
To the OP..why would you want to buy into an ETF? Physical silver is the way to go.
For the rest of you guys, I do hope that you realize that silver shots are the preferred form of bullion in Korea. Easiest form of bullion to sell. The reason being is that silver shots in Korea are 99.99 pure silver whereas silver bars in korea have a purity of 99.5 and less.
I personally have bought 220 kg of silver shots.... |
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austrian123
Joined: 15 Oct 2010
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| Posted: Tue Apr 05, 2011 7:48 am Post subject: |
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[quote="austrian123"]
| Poker wrote: |
| chungbukdo wrote: |
Hey Mike, much thanks on getting back to me.
That's a shame there are no ETF commodity products in Korea. I wanted to do this stuff under my girlfriend's name in Korea rather than Canada where I'd pay capital gains taxes.
When you buy silver bullion in Korea you pay a 10% tax right off the bat. I've only been able to buy in 1kg increments too which is slightly inconvenient.
How do you invest through Kitco while in Korea (if you're here and not in Brazil)? |
I bought 3 1kg silver bars for cash in Jongno-3-ga 2 weeks ago, no 10% tax. Just pay in cash. Spot plus $3.
LL Moonmanhead, what city are you in? |
To the OP..why would you want to buy into an ETF? Physical silver is the way to go.
For the rest of you guys, I do hope that you realize that silver shots are the preferred form of bullion in Korea. Easiest form of bullion to sell. The reason being is that silver shots in Korea are 99.99% pure silver whereas silver bars in korea have a purity of 95% and less. There are varying levels of purity in silver bullion . The spot price of silver is measured by silver being at 99.99% purity. Make sure you know what level of purity you are buying silver bullion at. When purity of the silver bullion goes down, then the price should also be lower than the spot price. |
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Poker
Joined: 16 Jan 2010
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| Posted: Tue Apr 05, 2011 8:06 am Post subject: |
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[quote="austrian123"]
| austrian123 wrote: |
| Poker wrote: |
| chungbukdo wrote: |
Hey Mike, much thanks on getting back to me.
That's a shame there are no ETF commodity products in Korea. I wanted to do this stuff under my girlfriend's name in Korea rather than Canada where I'd pay capital gains taxes.
When you buy silver bullion in Korea you pay a 10% tax right off the bat. I've only been able to buy in 1kg increments too which is slightly inconvenient.
How do you invest through Kitco while in Korea (if you're here and not in Brazil)? |
I bought 3 1kg silver bars for cash in Jongno-3-ga 2 weeks ago, no 10% tax. Just pay in cash. Spot plus $3.
LL Moonmanhead, what city are you in? |
To the OP..why would you want to buy into an ETF? Physical silver is the way to go.
For the rest of you guys, I do hope that you realize that silver shots are the preferred form of bullion in Korea. Easiest form of bullion to sell. The reason being is that silver shots in Korea are 99.99% pure silver whereas silver bars in korea have a purity of 95% and less. There are varying levels of purity in silver bullion . The spot price of silver is measured by silver being at 99.99% purity. Make sure you know what level of purity you are buying silver bullion at. When purity of the silver bullion goes down, then the price should also be lower than the spot price. |
Not all the bars in Korea are 99.5, my bars are stamped with 999. Also with regards to shots, how hard are they to sell in other countries? The reason why I went with bars was that it can be sold where ever I go in the world. |
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Poker
Joined: 16 Jan 2010
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| Posted: Tue Apr 05, 2011 8:09 am Post subject: |
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Silver just broke through 39 USD  |
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Jane
Joined: 01 Feb 2003
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| Posted: Tue Apr 05, 2011 3:50 pm Post subject: |
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Moonman, where I can pick up some (preferably) 99.9 silver bars (in Seoul)?
I'm looking to pad my treasure chest a bit.
I love being a pirate. |
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brucefox
Joined: 23 Jan 2011
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| Posted: Tue Apr 05, 2011 10:18 pm Post subject: |
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There was a time a couple of years ago I thought 17 bux an ounce was seen as outrageous.....
I got a few dozen 1 ounce bars to use as Emergency cash in case of natural disasters, financial crisis, or whatever reason that would make the FIAT currency lose its value. Funny I bought those with little profit I made from gold. Then I notice the 39 dollars an ounce on kitko...
God.. I shoulda bought way more.
Beating myself won't bring the prices down but maybe there's a future in copper. |
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