|About Public Gold|
Public Gold is the brand name of Public Fine Gold International Sdn Bhd (“PFGI”). PFGI was set up with the intention to buy and sell physical Public Gold bar and coin at international market gold price. PFGI operates a fully integrated physical gold exchange centre that includes a physical trading system and a platform developed by our own in house IT expert. It allows customers to receive live gold prices (24 hours a day) and to place buy-and-sell orders relating to physical gold trading procedures. The business can also be conducted with our bullion dealers via telephone.
A One-Stop Business Centre for Making, Trading and Storing Gold.
Under the Public Gold Group, our main activities consist of:
- Minting and refining
- Conducting a Gold Exchange Centre
- Gold trading operations
- Providing safe keeping facilities
Our ability to provide an extensive range of capabilities also puts us in a unique position as the first Malaysian company able to:
- Operate a private physical gold trading centre
- Provide a fully integrated minting facility under one roof.
We have been recognized by the Malaysian Book of Records to be the first Malaysian company to produce certified gold bullion bar locally. Minted in 999.9 to a thousand parts pure gold, Public Gold offers a stable store of value with potential for capital appreciation over time. And most importantly, this gold is tradable at the market. View today’s Gold Market Rate
To reinforce Public Gold’s high standards of gold purity we also engage an independent assaying facility to conduct testing and certification of all our gold products.
To further strengthen Public Gold’s position in the gold trading business, the group has obtained clearance letters from Bank Negara Malaysia and the Monetary Authority of Singapore allowing our company to mint and trade in gold especially gold bars and gold coins. Both of these are marketed under our very own trademarks; Public Gold, and Public Dinar.
The Precious Metal Gold
“We have gold because we cannot trust Governments.” President Herbert Hoover
Gold is a chemical
element which can only be found and not manufactured. Gold is known for its
rarity, softness, density and good in electrical conductivity. Until today, a total of 161,000 tonnes of
gold have been mined in human history, as of 2009 (National Geographic:
"The Real Price of Gold" by Brook Larmer). This is roughly equivalent
to 5.175 billion troy ounces. The following are some gold's characteristic:
Chemical symbol: Au
Atomic no.: 79
Atomic weight: 196.967
Specific gravity: 19.32
Tensile strength: 11.9
Melting point: 1,063 degree
Hardness (Brinell): 25
Karat is a measurement of
the purity of gold in an alloy. Each karat represents a ratio of 1/24
purity, indicating how many parts out of 24 are pure. Therefore, 24
karat gold is pure, while 18 karat gold is ¾ gold and ¼ alloy (Dictionary of
international trade: handbook of the global trade community by
Edward G. Hinkelman). Below are some example common used in bullion: -
The ABCs of Gold Investing "How to Protect and Build Your Wealth With Gold"
Second Edition - Michael J. Kosares
Gold Weights and Measures
By tradition gold is quoted and traded in troy ounces, these
having been adopted by the U.S. Mint for the regulation of coinage in 1828.
Unlike 'normal' pounds and ounces there are 12 troy ounces to the troy pound
rather than 16. But a troy pound weighs less than in imperial pound (0.82
Cutting through all that nonsense a troy ounce is
approximately 0.031kg or 31 grams.
The following gives an approximate conversion between
traditional and metric weights.