I am the CEO of HelloGold, a retail financial services platform that enables mass market consumers to access micro savings in investment grade gold through a mobile app (both Android and iOS). The mobile apps allow users to save, borrow and send gold at a minimum transaction threshold of ~USD0.25. HelloGold users have the opportunity to better preserve and diversify their wealth, as well as the ability to access short term financing by collateralizing their gold.

HelloGold makes gold affordable by allowing its users to buy very small weightage per purchase at international spot prices. Customers have direct ownership of the gold they buy. The gold bullion is stored in a vault in Singapore, fully insured against physical loss, and is fully redeemable as physical bars and coins, or simply cash.

Our partner in Malaysia is Aeon and we are about to partner with one of the largest banks in South East Asia. When the agreement is finalised, I will be in a position to disclose the name of the bank.

Before HelloGold, I was CFO of the World Gold Council where I was also part of the senior management team of the world's largest gold fund, GLD, with US$30 billion of gold under management.

well. that's wonderful - 10 oz of gold is worth about US$12k now. that's the good news.

the bad news is that most reputable dealers will not offer you a price that is close to the actual price of gold unless you bought the gold from them. mainly because they don't know if it is real gold. the only dealers that will offer you a good price will be a dealer that has the equipment to test that the gold is really gold and that they really weight 10 oz. they effectively should assay the gold. A company like Silver Bullion which is headquartered in Singapore but they have an office in KL will have the right equipment to assess your coin

here is an article (one of many on the internet) that will explain in more details the reason why a 10 oz coin is a challenge to sell at the market price - https://www.moneymetals.com/precious-metals...-silver-at-home

U can buy/sell gold coins at UOB.

Source

You can definitely buy and sell gold coins at most banks. However you are not usually able to sell coins to any bank other than the one that you bought it from and they reserve the right not to buy it back from you

"UOB accepts gold coin or gold bars originally bought from UOB Singapore or OUB Singapore. Customers are required to produce invoices of purchase satisfactory to UOB.The gold coins or bars must be in good condition (to be solely determined by UOB which decision shall be final). For the gold kilobar, the seal must be intact."