does Meibank still sell the 1 troy oz Kijang Emas ?
If yes, which branch has stock ?

if it ever happens, it will be post audit.

it isn't entirely clear if a revaluation will need congressional approval or just an exec order from potus.

whatever, from all the stuff i hv watched n read, most say good chance it will be revalued to current market value.

that wud push gold price even higher over time while $ will weaken, inflation goes super.

dropping gold std 1971 and revaluation of gold 1974 saw continuous hefty gold price rise during that period.

what happens to other currencies will be most interesting.

many countries, BRICS in particular, have been buying and repatriating their gold back to their own country.

while many doubt USA actually has the 8133 tons of gold, just as many think China has at least twice the reported of 2280 tons.

we may be witnessing some extraordinary global financial restructuring in the making.

let's hv some fun watching it unfold bit by bit!

there's is no official news on the audit and/or revaluation, only speculation.

the last i read, there is speculation audit will be done in time for a revaluation just before the end of the year.

if and when that happens, there'll be a lot of excitement looking at 1980.
https://www.kitco.com/news/article/2025-03-...-party-its-1980

1971 nixon abandoned gold standard.
1972 gold reserves valued at $38/oz.
1973 gold reserves revalued to $42.22/oz.
1980 gold spot price >$700/oz.

with interest rate cuts happening everywhere incl USA, US massive debt problems, war still lingering in europe, central banks continuous buying, it's reasonable to expect gold price in $ to keep rising in the immediate future. now that 3005 has been reached as new record high, most analysts see $3500 as 2025 target.

gold isn't cepat kaya; i'll be patient, v patient.

hi all gold investors, instead buying physical gold or having too much investment accounts to manage. I bumped into the idea of buying gold ETFs like SGOL. As most of my other investments are in US stocks in a brokerage account.

Any thoughts? Thought it might even be more beneficial compare to physical gold bar, in which i dont need to eat up the premium when buying small volume.

Moody's downgrade happened after market closed on fri.
US bond yields rose.
stock futures declined 1% or so.
gold price recovered above 3200.

it remains to be seen if this downgrade will mean anything significant.
we'll see tmr.

I already kena slaughtered... 😢

Too greedy... Already have but wanna buy more ... Take it as a lesson...  Don't buy using emotion.. just buy and forget like last time...

you must first register. process isn't difficult, approval within half a working day.
then, u log in, put items in cart, check out, proceed to order.
by "booking", i mean you place the order, price shown at that time is locked in.
then u will receive a notice in the portal and by email to pay up, set appt to collect.
if u do not transfer money within 2 working days, it will be auto cancelled - no deposit, no penalty.
alternatively, u can specify in the order that you will pay cash at collection, with same deadline.
credit cards not accepted.

notice there are also some items u can lock in price now to receive within 4 weeks or whatever is stipulated.
e.g. the pamp suisse 50, 100 gm gold cast bars.

i think the process is same with other bullion traders.
jewelry shops let you see, hold, pick and then buy on the spot, even with credit cards.
but u pay 8-12% more.

this outfit is a branch of the singapore co.
i think in sg, it also offers vault space for safekeeping.

you are right. for Maybank you can convert to physical. if i remember you got to pay like RM250 for that.
however for UOB, i am not sure. also i dont know UOB will be 999 or 916 type.