BUYING OPPORTUNITY AND MALAYSIA IMPOSE GST APRIL 2015

There are many buying opportunities arises during the month of world cup and the holy month of ramadan for the muslims. Most people are glued to their TV sets and attention were focused on the world cup and day became nights and nights became day for us living in the far east. There was a saying goes like this "tidur bola, makan bola, tengok bola, main bola" for the football fanatics and ardent fans and they can't focus on other things.

The buying opportunities comes from these numis collectors whom have loss their bets on world cup and are liquidating their collections some at losses to pay to the bookies. 

As for the muslims collectors they are saving their money to buy new clothes, new car, buying gifts for their loved ones, open house and etc for the coming Hari Raya Puasa celebration on 28th July 2014.

Generally speaking the prices on some numismatics were weak as there are not as much attention given when items were on auction resulting weak realize prices.

The prices won't stay low for long and you should buy now. 

Every Malaysians ought to know by now that Malaysia will impose GST of 6% in April 2015, eventually everything will be more expensive once GST are imposed. Please dont be naive if you think those traders be it in coffee shops, sundry shops, mee goreng mamak and others will only increase by a mere 6% only ? 

The price of a kopi-o from Ali cafe under the tree is RM1.20 now then it should rightfully be 6% increase or an increase of RM0.07cents next year or rounded up figure RM1.30 am i right ? You should be prepared for an increase of between 15% - 20% generally for everything start from the basic needs and onwards.

This will also affect the prices for numismatics too when your banknotes or coins return to you after grading from PMG/NGC. Secondly the cost of living for the dealers has risen from the shop rentals, utilities, car parking fees and etc thus he has to sell his numismatics items at higher price to cover back from the short fall.

You should buy now with your excess money and keep and wait till next year when the prices starting to shoot up. 

I know Malaysian collectors tend to have "herd-mentality" always like to chase when the price are surging but refrain from buying when prices are still low. Sound familiar ?

Let me share with you what i have bought recently.....

1941 MALAYA KING GEORGE VI 8 pieces consecutive + 4 pieces consecutive in GEM UNC condition.

These 12pieces are on it's way to PMG and currently somewhere in the Indian Ocean on board Fedex flight.

Happy reading !

Andrew