For UOB I have to travel overseas. 😅
Razak
https://razak.com.my/

No. I dont think banks will trade jewelries.
Razak's rates seems pretty good. But not tried them before.
My bullions are resaleble to bsnks

There was a time when platinum price was higher than gold.
No longer.

Let's see how BNM respond. 😁

They don't want to know.

Bank officer advised me to sell to jewellers.
I told him to F off. I asked him to give me 30% off his assets to me. Haha

MS is not a jeweller.

wahhhh Aunty has Rm2mil+ of gold addiction.

https://www.bloomberg.com/news/articles/202...-arbitrage-play

Hey bro!
Methinks double posting is a red flag.

Nope. Never heard of them before.
We are looking at the next phase of gold i think. When the Feds accelerate their rate cutting, gold will take off.
Waiting for my miners to really ZOOM!

$3,540

$3,578 ALL TIME HIGH

Bought the shares of a gold miner in Kelantan last year at SGD0.24. Now its SGD0.83.

ALL TIME HIGH $3,600.90

Stablecoin Giant Tether in Talks to Deepen Gold Investments Beyond $8.7B Reserves

Tether has held talks with multiple mining and investment groups to back ventures spanning extraction, refining, trading, and royalty finance.

Fri, September 5, 2025 at 8:17 PM GMT+8 3 min read
Tether, the company behind the world&rsquo s largest stablecoin USDT, is exploring deeper exposure to gold by investing directly across the metal&rsquo s global supply chain.


Key Takeaways:
Tether is expanding its gold strategy with investments across mining, refining, and trading.

The company has already poured over $200 million into gold royalty firm Elemental Altus.



CEO Paolo Ardoino views gold as a natural complement to Bitcoin, calling it &ldquo our source of nature.&rdquo



Tether has held talks with multiple mining and investment groups to back ventures spanning extraction, refining, trading, and royalty finance, the Financial Times reported, citing sources familiar with the matter.

The company already holds $8.7 billion in gold reserves stored in Zurich, used as partial backing for its tokens, but now appears to be eyeing physical gold investments on a much larger scale.
Tether CEO Calls Gold &ldquo Our Source of Nature&rdquo


Tether&rsquo s CEO Paolo Ardoino has publicly praised gold as a foundational store of value, going as far as calling it &ldquo our source of nature.&rdquo

In a May speech, he said: &ldquo I know people think that bitcoin is &lsquo digital gold.&rsquo I prefer to think in Bitcoin terms &mdash I think gold is our source of nature.&rdquo

The company has made initial moves in the space. In June, Tether Investments acquired a $105 million stake in Elemental Altus, a Toronto-listed gold royalty firm.
Just last week, it followed up with an additional $100 million investment, timed with Elemental&rsquo s merger with rival EMX.


According to Juan Sartori, head of business initiatives at Tether, the goal is to build out a broader &ldquo gold exposure&rdquo strategy.

Tether&rsquo s interest has raised eyebrows among gold insiders. &ldquo They like gold. I don&rsquo t think they have a strategy,&rdquo said one mining executive. Another commodity veteran called Tether &ldquo the weirdest company I have ever dealt with.&rdquo

Talks were also held with Terranova Resources, a British Virgin Islands-based gold vehicle, though those negotiations did not lead to a deal.

Tether runs XAUt, a token backed by physical gold, but it remains a niche product with a market cap under $900 million, far from USDT&rsquo s dominant $168 billion.
The company also operates a growing commodity trade finance book, issuing short-term loans for bulk raw material shipments.


As digital assets continue to merge with traditional commodities, Tether&rsquo s gold ambitions signal a broader effort to blend blockchain-based finance with hard-asset backing.

https://x.com/BenniKim/status/1963566989210698120

Alert: Tether is Selling Bitcoin and Buying Gold! What Do They Know?

Another day, another record high!
$3,648

Gold is not for profitability. It is not an investment asset. It's a relic which is dug out of the ground and
" “I have no views as to where (gold) will be (in the next five years), but the one thing I can tell you is it won’t do anything between now and then except look at you” — Buffett, CNBC’s Squawk Box, 2009"