Gold Basics

BMEN💡 Did You Know? Skin oils and fingerprints can mark a coin's surface over time. On a certified coin that cosmetic damage can reduce what a dealer offers, even though the gold content has not changed.📊 DATA & STATS Gold does not tarnish or corrode. Almost all storage damage comes from three things: physical…

BMEN💡 Did You Know? The buyback price matters more than the buy price. A dealer offering a slightly cheaper coin but a wide selling spread can cost you more over a full round trip.📊 DATA & STATS Four checks settle most purchases: stated weight, stated fineness, a certificate matching the coin, and a published…

BMEN💡 Did You Know? The 4.25 gram figure predates the coin. It came from the mithqal, a weight already used by merchants in Arabia before any Islamic dinar was struck.📊 DATA & STATS Quarter dinar 1.0625g. Half dinar 2.125g. One dinar 4.25g. Five dinar 21.25g. Ten dinar 42.5g. Every size is a straight multiple…

BMEN💡 Did You Know? The nisab threshold for zakat on gold is classically stated as 20 dinar. That single reference is why the dinar still appears in Islamic financial rulings today.📊 DATA & STATS Twenty dinar equals roughly 85 grams of gold, the widely used nisab threshold for zakat on gold holdings. Zakat is…

BMEN💡 Did You Know? Your dinar can rise in ringgit on a day when the international gold price is flat. The exchange rate does that on its own, and it catches a lot of buyers off guard.📊 DATA & STATS The calculation has four inputs: gold price per ounce in USD, the USD to…

BMEN💡 Did You Know? Gold has been used as money for roughly 5,000 years. Bitcoin has existed since 2009. Any comparison of their track records is comparing millennia against a decade and a half.📊 DATA & STATS Bitcoin has had multiple drawdowns exceeding 70 percent from peak. Gold's deepest modern drawdown, the 1980 to…

BMEN💡 Did You Know? The word dinar comes from the Roman denarius. The name travelled into Arabic long before the coin itself was ever struck by a Muslim ruler.📊 DATA & STATS The first purely Islamic dinar was struck around 696 CE under Caliph Abd al-Malik ibn Marwan, at a weight of 4.25 grams.…