The history of Public Bank begins in Kuala Lumpur, Malaysia. Founded by Teh Hong Piow to provide financial services for the country and region beyond its shores – it has since grown into one of the largest banks in Southeast Asia.
They provide various types of financial products and services, from personal banking, general insurance products to gold investment and management of the unit trust. Public Bank has a simple strategy – focus on what they do best, grow with it! The industry-leading retail banking business is centred around providing quality services for consumers and SMEs.
Gold investment accounts allow you to invest in gold without having any physical assets. At present, only certain banks in Malaysia offer these accounts, and they can be beneficial if you want more than just cash or shares on the stock market and have some exposure to precious metals like gold!
The Public Bank GIA account is an excellent way to buy gold. Customers can purchase the purest available commodity in 99% fineness at daily prices Ringgit Malaysia (MYR)
The passbook is only applicable for individuals, but you can still expect to receive a monthly statement with all transactions recorded
The amount of gold you need to start an investment account. It depends on the bank and type, but it can be as little as 1 gram or more!
The minimum amount of gold needed to maintain your gold investment account.
The minimum amount of gold you must involve in any transactions when buying or selling via your gold investment account.
The difference between a bank’s selling price and buying price for gold investments account. For example, you get gold at RM200, and the bank repurchases it at RM190. The buy-sell spread is RM10 (RM200 minus RM190).