Deputy Minister Of SOEs Reveals Planned To Form A Gold Bank, Will Pegadaian Manage?

Illustration (Photo: Doc. ANTARA)

JAKARTA - Deputy Minister of State-Owned Enterprises (BUMN) Kartika Wirjoatmodjo revealed the plan to form a gold bank or bullion bank in Indonesia.

The man who is familiarly called Tiko said that currently his party is still waiting for the licensing process for the establishment of the gold bank.

"We want to push this again and we are finishing with the government for permission from the bullion bank," he said at the Pegadaian Headquarters, Jakarta, Tuesday, May 7.

Tiko said the plan to form a gold bank could not be separated from the BUMN's efforts to socialize gold as an asset choice or investment instrument.

"Hopefully later people will save gold again. But not in gold tang, there is only a physical form, but it can be in digital form," he said.

Pegadaian Will Manage Gold Bank

Tiko said that PT Pegadaian will later become the manager of the gold bank.

He said Pegadaian's business also includes the gold buying and selling sector.

"Later on at Pegadaian. So it's indeed a physical bullion bank. So he has to have a physical delivery of his gold, right and now in Indonesia, it's already the Pegadaian who has experience to manage the gold physical, starting from maintenance, starting from buying gold, to playing the distribution," he said.

He ensured that the presence of a gold bank in Indonesia would follow international standards. Especially related to guarantee security.

"So people don't need to worry that what is saved by gold must be guaranteed safe gold and it is indeed only Pegadaian in Indonesia who has the ability to store gold. Maybe 100 tons of gold is guaranteed by Pegadaian or those in gold savings," he explained.