PUBLIC GOLD Malaysia : Gold Bar & Coin

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 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 PG bullion dealers via telephone.

The main activities consist of:

• Minting and refining
• Conducting a Gold Exchange Centre
• Gold trading operations
• Providing safe keeping facilities
  

Public Gold 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.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.

Malaysia Book of Records certificate

PG products

100g Gold Bar

Fineness/Gold Purity 99.99%
Weight 100.0g



50g Gold Bar


Fineness/Gold Purity 99.99%
Weight 50.0g



50g Gold Coin

Fineness/Gold Purity 99.99%
Weight 50.0g

20g Gold Bar

Fineness/Gold Purity 99.99%

Weight 20.0g

Company Info
Public Fine Gold International Sdn. Bhd.
(818840-U)
Main Office:
12E First Floor, Jalan Rumbia, 11900 Bukit Jambul, Penang, Malaysia.

Bishop Branch:
No.84, Lebuh Bishop, 10200 Penang, Malaysia.

info@publicgold.com.my
Main Office:
+604-6449999
Bishop Branch:
+604-2619999

Contact Person: Mr. Louis Ng / Mr. Branson Saw

Official website
http://www.publicgold.com.my/

Need more info on Public Gold or to buy PG products ...contact me

Islamic Dinar Part 3: Using Dinar & Dirham

Using Dinar & Dirham

Gold and silver are the most stable currency the world has ever seen. From the beginning of Islam until today, the value of the Islamic bimetallic currency has remained surprisingly stable in relation to basic consumable goods: A chicken at the time of the Prophet, salla'llahu alaihi wa sallam, cost one dirham; today, 1,400 years later, a chicken costs approximately one dirham.

In 1,400 years inflation is zero.

Could we say the same about the dollar or any other national currency in the last 25 years?

In the long term the bimetallic currency has proved to be the most stable currency. It has survived, despite all the attempts by governments to transform it into a symbolic currency by imposing a nominal value different from its weight.

Reliability

Gold cannot be inflated by printing more of it; it cannot be devalued by government decree, and unlike national currencies it is an asset which does not depend upon anybody's promise to pay.

Portability and anonymity of gold are both important, but the most significant fact is that gold is an asset that is no-one else's liability.

All forms of paper assets: bonds, shares, and even bank deposits, are promises to repay money borrowed. Their value is dependent upon the investor's belief that the promise will be fulfilled. As junk bonds and the Mexican peso have illustrated, a questionable promise soon loses value.

Gold is not like this. A piece of gold is independent of the financial system, and its worth is underwritten by 5,000 years of human experience.

Islamic Dinar Part 2: What is the Dinar?

According to Islamic Law...

The Islamic Dinar is a specific weight of 22k gold (.917) equivalent to 4.25 grams.

The Islamic Dirham is a specific weight of pure silver equivalent to 3.0 grams.

Umar Ibn al-Khattab established the known standard relationship between them based on their weights: "7 dinars must be equivalent to 10 dirhams."

"The Revelation undertook to mention them and attached many judgements to them, for example zakat, marriage, and hudud, etc., therefore within the Revelation they have to have a reality and specific measure for assessment [of zakat, etc.] upon which its judgements may be based rather than on the non-shari'i [other coins].

Know that there is consensus [ijma] since the beginning of Islam and the age of the Companions and the Followers that the dirham of the shari'ah is that of which ten weigh seven mithqals [weight of the dinar] of gold. . . The weight of a mithqal of gold is seventy-two grains of barley, so that the dirham which is seven-tenths of it is fifty and two-fifths grains. All these measurements are firmly established by consensus." Ibn Khaldun, Al-Muqaddimah

How is the Islamic dinar used?

1. The Islamic Dinar can be used as saving.
2. It can be used to pay zakat and dowry as required by Islamic Law.
3. It can be used to buy and sell as it is a legitimate medium of exchange.