Disclaimer

The answers on this page are offered in good faith and are solely the personal views and opinions of the author with the hope that it may be of use with no guarantee or endorsement of it being accurate, complete, up to date or suitable for any particular purpose whatsoever. It does not constitute any representation. The author accepts no liability in respect of the information contained herein or the purpose of its use and any usage of the information contained herein shall be at the user's own peril.

Yes, the Anti-Money Laundering and Anti Terrorism Financing Act 2001 (Invocation of Part IV) Order 17th April 2008 for dealers in precious metal and precious stones Section 13, paragraph 14(b), subsection 16(2) and section 24 of the Act effective as of 1st July, 2008, requires all dealers of precious metals to report transactions that exceeds a specific threshold amount, is suspicious in nature and there is reasonable grounds the proceeds are generated from an unlawful activity, to the Financial Intelligence Unit in Bank Negara Malaysia without alerting the Customer on the matter.

Therefore the Company is required to conduct due diligence on its Customer and maintain records of the profile and particulars of the Customer, nature of business, and intended nature of the transaction.

Buying and selling of gold is not regulated by any statutory body BUT nonetheless:

(a)   where the gold trading or investment scheme clearly offers investment opportunity by collecting deposits from the public and investors are promised investment returns/profits within a certain period of time, whereby the original investment are refunded, in that the company is involved in illegal deposit taking by using gold/silver to camouflage its activities, then the Company maybe in contravention of section 25(1) Banking And Financial Institutions Act 1989 (BAFIA) for Bank Negara Malaysia’s investigation; and

 

(b)   if the Customer has evidence regarding the poor quality of the gold or any dispute on products quality, the Customer may report the matter to the Ministry of Domestic Trade, Co-operative and Consumerism (KPDNKK).

 

The benefits are as follows :

  • It is cheaper as the price quoted will follow the international gold price without any additional charges.

  • Customer can invest in small amount

  • Opportunity to capital gains when the gold price appreciates

  • Hedge against inflation

  • It is in physical form

  • the purity and quality of the product is guaranteed as we are the official PAMP distributor in Malaysia

We are currently offering casting bar in 1 kilo & 500grams which come with Certificate. For minted bars, we offer in denomination of 5gm, 10gm, 20gm, 50gm & 100gm which come with authenticated packaging.
There is no minimum or maximum quantity. However, If purchase is above 500 grams, then an up-front payment of 10% of the indicative prevailing market price is required.
1Stop Gold offer 999.9 gold bars with series number. The standard and purity of all gold products is guaranteed.

Customer can make the payment by :

  1. Bank-in cash into 1Stop Gold’s bank account maintained with Public Bank Berhad and Maybank Berhad
  2. Walk –in by cash
  3. Internet Banking Fund transfer  (For Maybank and Public Bank)
  4. Telegraphic Transfer
  5. Banker Cheque or Cashier Order or a Personal Cheque into our Public Bank or Maybank account.

** The gold will be released once payment has been made with the exception of item (v). It will only be upon cheque clearance.

Customer can collect gold at 1Stop gold’s office located at
B6-8, Megan Avenue 1,
189 Jalan Tun Razak,
50400 Kuala Lumpur.
We will buy back the gold from our customer at prevailing international market price provided the  gold is in good condition.
Yes. The gold price quoted by 1Stop Gold is pegged to the international gold price and will definitely be better than the goldsmiths.