Latest victim of current banking crisis - Credit Suisse. Founded on year 1856 (167 years old) used to be the largest bank is Swiss.

It COCOs (Contingent Convertable) bond (USD 27b) holders get all their money wiped off even though generally bond is to be consider one of the safest investment instrument in investment community.

So scam is also possible happen in the high finance world.

And fyi malaysia is the top holders of the said coco funds. Some of the malaysia richman are gigit jari like those scheme cepat kaya victims.

Be safe in this turbulence time, buy and keep physical gold , a lot of them.

#PGBO
#publicgold

Public gold won the award 2023 organised by FGJAM.
Recognition by the same gold industry players toward public gold after 16 years in the market which is something we should be proud of. 🎉🎉🎉👍👍👍

From doubts, to observe, to silent, to accept, to embrace and finally to recognition. A long journey process with every new business needs to went thru. And here we come at the final stage : recognition by the industry.

Thanks FGJAM, thanks MGA, thanks SBMA thanks PGBO, Thanks all pg staffs and vendors and partners to let us make it here.
Appreciate all your contributions.👏👏👏👏

#pgbo
#publicgold

Credit: Dato' Wira Louis Ng

Please compare the number of banks that failed during subprime crisis happend on year 2008-2010 and the current 4 banks that just failed recently due to drastic move of interest rate by Federal Reserve to counter the high inflation after covid-19 after too much of quantitative easing by all centrel bank around the world.

We are not going to stop here with just only 4 banks collapsed, we will see more and more banks to declare themselves out of business.
Just seat tight and let us withness the history in making.

In the means time pls protect your own wealth with a lot of physical gold, we never know whether the contagion effects of bank collapse with hit our nation or not.
We just need to buy some insurance for our family. Yes we need physical gold.

For record

1. Silvergate bank asset $11b
2. Silicon Valley Bank (SVB) asset = $209b
3. Signature Bank asset = $110b
4. First Republic Bank asset =$230b
5. Credit Suisse asset =CHF531b (USD478b)

#pgbo
#publicgold

The three banks that failed this year were bigger than 25 that crumbled in 2008 (even adjusted for inflation)

Source: Willem Middlekoop

#banking #economy

Dato Wira Louis Ng

China’s central bank add another 8 tonnes of gold in Apr 2023, make it the sixth consecutive months to add to their country reserve of gold to 2076 tonnes, 7th largest gold reserves country in the word.

They are in the midst of all out trade war, currency war and proxy war with the super power.

Gold price not going to stop here for sure.

Dato Wira Louis Ng

#publicgold
#SBMA
#PGBO
#lbma
#mga

Public Gold ATM is now available in AEON Mall Kinta City, Ipoh (Ground floor).
Disney Event date from 27 May - 11 Jun.

Please come together with your friends to experience our malaysia book of record gold ATM there.

#publicgoldATM
#PGBO

Public gold is one of the gold sponsor for the 6th Asia Pacific Precious Metal Conference held at Park Royal hotel at Singapore.

This annual conference is organised by Singpaore Bullion Market Association (SBMA) and supported by Enterprise Singapore a government body.

We are learning a lot from the international event like this and building public gold connection with all the participants and sponsors come from all over the world. Bankers, refiners, traders, logistic providers and all other precious metal industries players.

Public gold will continue to grow and shine in international arena.

Point need to remind Malaysia government in future meet is their respective agency need to send some representatives here to know the first hand info of the world’s precious metal industry and subsequently formulate a market effective policies in future.

We have participants from vietnam state bank (deputy governor) and laos central bank Officers

Special thanks to #SBMA and Albert Cheng CEO of SBMA and president KL Yap.

Dato Wira Louis Ng

#publicgold
#PGBO

Global Gold Expansion Begins.

Officiate PUBLIC GOLD 5th CABANG YOGJAKARTA @ 14 June 2023

Guests Of Honour
1. Drs Tri Saktiyana M.SI (Sekda bidang perekonomian dan pembangunan)
2. Heru saptono S.TP. MM (staf ahli bupati dan ekonomi pembangunan)
3. kapolsek gondokusuman kompol ardi
4 Dr raudi akmal (wakil dari kabupaten sleman)
5. ibu sinta, dinas industri

Public Gold akan terus menyediakan infrastructure untuk memberi services kepada 10juta customer menjelang 2030.

We can We will and We must

Dato Wira Louis Ng

#PublicGoldIndonesia
#Consumerchant
#PGBO

Nice to meet you Mr. Kenneth Cheang Chee Wah, our PG Head of Dealer Management.

I'm very obliged to express my gratitude to you and for your very knowledge sharing efforts that the top management actually does for all PGBOs.

Thank you for conveying the message from Dato' Wira Louis Ng. ~~~ keep writing in chinese content ✍️

For most writers, the hardest part of writing is right here. It's the start, the beginning, the opening. It's finding an idea, the first word, and the first sentence.

Biawak² go away!

Don't be afraid of the challenges, the missteps and the setbacks along the way.

Joanne Chua BK

#DinnerNight #PGGroup #PGBO #PublicGoldBusinessOwner #publicgoldmalaysia