The cooperatives sector is being encouraged to explore investment opportunities in gold, particularly those that align with Shariah principles. This initiative aims to enhance cooperative revenue generation by taking advantage of gold as an investment option, which can help mitigate various risks, including currency volatility.
During a visit to Quantum Metal Sdn Bhd in George Town, Penang on May 29, 2023, ANGKASA President, Datuk Seri Dr. Abdul Fattah Abdullah made these remarks. The purpose of the visit was to inspect the headquarters of Quantum Metal Sdn Bhd and discuss business plans and strategies to promote investment and trade utilizing gold as a cooperative asset.
Datuk Seri Dr. Abdul Fattah Abdullah expressed confidence that cooperative involvement in gold investment not only holds the potential for substantial profits but can also stimulate economic activity within corporations, benefiting all members.
ACO Gold Sdn Bhd was established as a joint venture between MyAngkasa Holding Sdn Bhd and the ASEAN Corporate Organization (ACO). ACO Gold’s primary objective is to boost trade and transactions between corporations in ASEAN countries through gold trading.
Datuk Seri Dr. Abdul Fattah Abdullah, the President of ANGKASA, stated that as the apex body of the national cooperative movement recognized by the government, ANGKASA consistently implements initiatives to create new avenues for cooperative ventures.
Quantum Metal Sdn Bhd has introduced a gold production machine that enables consumers to easily purchase physical gold bars at three Quantum Metal branches in Penang, Kuala Lumpur, and Johor Bahru.
Dato Lim Khong Soon, the Executive Chairman of Quantum Metal Sdn Bhd, encourages the public, especially cooperative members, to save physical gold as a long-term investment. Storing physical gold is considered the best way to protect investments from inflation.
He emphasized, “Given the current uncertain economic situation in Malaysia, we should consider storing physical gold to safeguard existing assets and investments.” The gold production machine offered by Quantum Metal facilitates the purchase of physical gold bars with a purity of 999.9.
Quantum Metal Sdn Bhd is a prominent importer and supplier of gold in Malaysia, catering not only to Malaysia but also to ASEAN countries in general. In addition to distributing gold certified by the London Bullion Market Association (LBMA) in Malaysia, the company offers premium gold products with a purity of 99.9% to various entities, including government bodies, banks, financial institutions, wholesalers, and individual gold dealers.
During the visit, the Executive Chairman of Quantum Metal Review, Dato Lim Khong Soon, was also present, along with ACO Gold Director, Haji Kamari Zaman Juhari, Penang State ANGKASA (JPAN) Liaison Committee representative, Haji Azmi Ismail, and ACO Gold Chief Operating Officer, Mr. Siang Lim Seh Wan.
About Quantum Metal Sdn Bhd
To learn more about Quantum Metal Review, visit https://www.quantummetal.com.my
Contact Info
Company: Quantum Metal
Name: Amelia tan
Email: info@quantummetal.com
Address: Penang, MY
