BMEN💡 Did You Know?
Gold is not weighed in the same ounce as your groceries. The troy ounce used for precious metals is heavier than the standard ounce, which is why converting with the wrong figure produces a price that looks suspiciously off.📊 DATA & STATS
One troy ounce is 31.1035 grams. One standard…
BMEN💡 Did You Know?
The karat scale has nothing to do with weight. It is a fraction out of 24, describing how much of the alloy is gold. 24K means all 24 parts, 22K means 22 of them, and so on down the scale.📊 DATA & STATS
Malaysian shops usually label purity by fineness…
BMEN💡 Did You Know?
The world gold price can fall on the same day the Malaysian price rises. Nothing has gone wrong when that happens - it simply means the ringgit moved more than the metal did.📊 DATA & STATS
Global gold is quoted in US dollars per troy ounce. Malaysian counters quote ringgit…
BMEN💡 Did You Know?
The buyback price is the single most important number in a gold purchase, and it is the one most buyers never ask about. You agree to the buying price on day one but you live with the buyback rate on the day you exit.📊 DATA & STATS
The spread between…
BMEN💡 Did You Know?
Standard home contents insurance usually caps how much jewellery and valuables it will pay out, often at a figure well below what a serious gold holding is worth. Many households discover this only after a claim.📊 DATA & STATS
Storage cost is usually small relative to the value stored, whether…
BMEN💡 Did You Know?
Almost all the gold ever mined still exists. It does not rust, corrode or get consumed the way other commodities do, so the ring on someone's finger today may contain metal that was pulled from the ground centuries ago.📊 DATA & STATS
New gold supply grows slowly and cannot be…
BMEN💡 Did You Know?
Gold's reputation as an inflation hedge is better understood over decades than over any single year. In short stretches it can lag inflation badly; over long periods it has tended to hold purchasing power that cash steadily loses.📊 DATA & STATS
For Malaysians there are two erosions to worry about,…

