Thread: Will there be a great gold rush selloff?

Originally Posted by Rattanaburi

If gold prices were suddenly expected to drop down to 500 baht per ounce do you think that the sellers in places like Thailand would rush to selloff their entire stores? I mean if you were about to lose 50% of your value wouldn't you do it?

Will the day come and what do you think it will look like?

Thailand is selling by the weight of baht (16 gram) and that is traded somewhere between 13,000 and 13,500 baht - so a collapse down to that 500 baht is very unlikely. Additionally if gold would be as cheap as mentioned - I am sure that they would buy - not sell.

Sorry I meant 500 dollars per ounce matsalleh. If I had a gold shop full of gold which doubled its value in a year and I knew that there was a good chance I would loose that gain in value I would probably want to sell all my stock of gold and get out while gold is still high. Then if I am still interested in the gold business I would buy back in keeping my gain. Who would want to watch their total stock go from 10 million baht in value to 5 million.

Will a day come when its sell sell sell?

Another note is that a lot of people have a couple baht of gold. If there is a lot of pressure on people due to economic conditions and retail prices for foodfuel, and other items some people might want to sell their gold to put some cash in their pocket to help pay for things. A lot of little people may sell a necklas to help with their expenses. This coudl have an effect too.

Originally Posted by Rattanaburi

Will a day come when its sell sell sell?

Yes, just as soon as America changes its bonkers monetary policies and the value of the dollar rises.
That aint gonna happen anytime soon so the gold sell off you speak of will only happen with underhand intervention by the us government which can and does happen.