Don't think Warsh will hike the rate. Only talked tough, still Trump's pussy.... cat.

As expected... bulls are now back in control... Will update again to see how it'll go...

Edit: 4225-4250 is a resistance point...

This post has been edited by Hastebreak: Jul 3 2026, 12:25 PM

Gold spot
$4175/oz, RM546/g
Silver spot
$62.39/oz; RM8.17/g

RM4.071/$; DXY 100.88 GSR 62.3; brent $72.1
past 4 weeks: gold -1.25%; silver -8.1%; oil -22.5%
june was another poor month for gold & silver.
oil fell drastically in accordance to events in ME.

gold & silver may have reached a bottom, about to rebound hard and fast.

Its group managing director Datuk Ng Yih Pyng said that currently, imported stamped gold bars, also known as minted gold bars classified under the harmonised system (HS) code 7115.90.1000, are subject to a 10% import duty.
In contrast, the imported cast gold bars, which fall under HS code 7108.12.1000, are exempt from this duty.

https://www.thestar.com.my/business/busines...amped-gold-bars

All in "GOLD"!

Future RM10K per gram!

Yes, I read this too today. Yay, casted bars are still exempted from 10% tax...

Interest articles of the day:

https://www.thestar.com.my/news/nation/2026...n-of-fools-gold

https://www.thestar.com.my/news/nation/2026...us-bullion-case

Will your assaying machine be able to smell them out? Yours looks like those used by Silver Bullion

Should be able to, as long as not over 1.5 cm thick. All testing methods have limitations and is not conclusive unless using a combination of 2 to 3 methods.

Example - copper core encapsulated with gold would be tested OK using such tester but given copper has much lower density, its size would be much much bigger (failing specific gravity or density test : gold = 19.2 g/cm3. Therefore, if you have a fake bar of such kind, and placed it side by side with a genuine bar, both of them would weight the same but the fake bar would be much bigger / thicker.

All non-destructive testing methods are as follows:
- Density or specific gravity measurement
- Magnetic test
- Eddy current / inductive resistance (Sigma PMV)
- Ultrasonic test (this one can see inside)
- XRF (x-ray florescent) > this one can only see surface.

Adulterated bars will have problem passing 2 of such test, almost impossible to pass 3.

a US gold dealer filed for bankruptcy, >$60mil lost by customers - unfulfilled orders, unfulfilled buybacks.
the video says it's due to dealer playing the market, not hedging the positions.
it's probably more so with silver as the volatility is much higher.
hedging, logistics, storage, insurance all cost money.
buy only from reputable sellers!



This post has been edited by AVFAN: Jul 10 2026, 09:08 AM

Yeap. Sigma + xrf machine combo can rule out almost 100% fake items d.

How are bullions doing now?
more stocks, price down