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  1. #1
    Thailand Expat misskit's Avatar
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    Gold soars 300 baht amid rising Korean crisis

    According to the Gold Traders Association of Thailand, gold jumped 300 baht higher in the morning session opening at 9am.

    Buying price for gold bullion per baht weight was at 20,600 baht and selling at 20,700 baht.

    For gold ornaments, buying price per baht weight was 20,223.44 baht, while selling price was 21,200 baht.

    The prices were up 300 baht from Mondayís close.

    The soaring gold price came after North Korea fired a ballistic missile over Japanís northern Hokkaido island into the Pacific sea todayís morning. The tensions were heating up not only international relation but also set the stock market on high alert, with four big movers including US stock drops 147 points, Japanís currency move higher, South Koreaís currency drops and broadly decline in Asia stock.

    Surprisingly, gold tends to rise during times of heightened anxiety. Many financial experts said that investor turn to more stable assets. Gold prices rose to their highest in almost 10 months.

    Gold soars 300 baht amid rising Korean crisis - Thai PBS English News

  2. #2
    Thailand Expat jabir's Avatar
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    Does anyone buy/sell at the 'official' rates?

  3. #3
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    david44's Avatar
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    Gold shop here tho spread maybe 30 baht more

  4. #4
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    1.5% is hardly soaring!

  5. #5
    'ello 'ello 'ello Luigi's Avatar
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    Quote Originally Posted by VocalNeal View Post
    1.5% is hardly soaring!
    It is compared to the last 5 years.


    I fluked out by selling the gold I had around 2010/11-ish when it hit 26k.

    Pretty lucky as it then dived and never recovered....



    Until now! *dramatic drums*

  6. #6
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    Quote Originally Posted by VocalNeal View Post
    1.5% is hardly soaring!
    Soar point try XY Telly

    Why soclIASM'll never displce Viagara Longhorn in the rising sun.

    With political correctness threatening even threatening Trafalgar Square depsite Lady Hamilton's hand in the erection of Nelson's column

  7. #7
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    david44's Avatar
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    Quote Originally Posted by Luigi View Post
    Quote Originally Posted by VocalNeal View Post
    1.5% is hardly soaring!
    It is compared to the last 5 years.


    I fluked out by selling the gold I had around 2010/11-ish when it hit 26k.

    Pretty lucky as it then dived and never recovered....



    Until now! *dramatic drums*
    I had that filling recast as a knobring

  8. #8
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    VocalNeal's Avatar
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    Quote Originally Posted by Luigi
    It is compared to the last 5 years.
    It was 20,xxx last year then it dropped to 19,xxx. It's been down 300 before and now it is back to roughly previous levels.

    Ok if you bought in July! It's less now than it was in June or April.

  9. #9
    'ello 'ello 'ello Luigi's Avatar
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    Indeed. Hasn't really moved in over half a decade, before that there were some nice bumbs n jumps for around 4 years or so.

    Without looking back I recall it around 13 or 14k around 2008-ish, I bought around 2009/10 at 18k, and sold around 2 years later at 26k.

    It then went down to around the 20k mark where it's stagnated for then last half a decade pretty much since.

    A Mee Tae Dai BAY account has probably returned more, with interest paid every month.

  10. #10
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    Begbie's Avatar
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    Quote Originally Posted by david44 View Post

    With political correctness threatening even threatening Trafalgar Square depsite Lady Hamilton's hand in the erection of Nelson's column
    Didn't Captain Hardy have a hand in the erection?

    It's hard to predict the future for gold and currencies (except the pound) at the moment. A Trump impeachment could return the dollar to new highs. North Korea may be gaming the market by buying gold futures then launching missiles to get the price up.

  11. #11
    Thailand Expat misskit's Avatar
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    Gold prices continue to shine


    Local gold prices today (Sept 8) followed the global rising trend, increasing 200 baht in the afternoon trade amid concern over armed tension in the Korean Peninsula.

    In the morning trade, gold prices soared 100 baht but by noon it jumped 200 baht.

    The Gold Traders Association on Friday morning announced the buying prices at 20,617.60 baht per baht-weight for gold ornaments and 21,000 baht for gold bar.

    The selling prices were 21,600 baht for gold ornaments, and 21,100 baht for gold bar.

    The morning prices were up 100 baht from Thursday’s close.

    But by noon, buying prices rose 200 baht for gold ornaments to 20,723 baht, and 21,100 for gold bar.

    Selling prices for gold ornaments were 21,700 baht and 21,200 baht for gold bar.

    The buying prices closed on Thursday at 20,526.64 baht for gold ornaments and 20,900 baht for gold bar.

    The selling prices closed at 21,450 baht for gold ornaments and 21,000 baht for gold bar.

    Gold prices continue to shine[at] - Thai PBS English News

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