Thread: After the gold rush

Just finished reading this little article in The Economists ,
insinuating that gold could fall as much as
~50% in the next couple of years, should it follow the 1980's trend.

Will it happen? Will it not?

These past few days 1 baht gold weight has been hovering between 18,000 -- 19,000 plus baht according to Gold Trader Association

summing up the general situation cash is trash, gold going down, stockmarket fucked, job market same as stockmarket,

so where to put one's ill-gotten clams so that 10 years down the road
one is not left with a devalued pile of poo or worse!

and no I'm not giving my trove to any of you to manage on my behalf

Originally Posted by gonelive

so where to put one's ill-gotten clams so that 10 years down the road

buy yourself a nice car and blow it all while your currency has still some value

Originally Posted by Butterfly

Originally Posted by gonelive

so where to put one's ill-gotten clams so that 10 years down the road

buy yourself a nice car and blow it all while your currency has still some value

ty but already got nice new petrol guzzling stink pot, it depreciates and turns to junk like most all other depreciating assets.

The idea here is trying to preserve what you've got...

^ you will need to take a lot of risk these days to have decent returns, Thai stocks have high dividend so they are safer than most investment these days, but many farangs are scared of buying Thai stocks or will buy the wrong ones at the wrong time

The boom in gold looks to be as much a bubble as all the rest of the other bubbles over the years from my view. I wonder how much of the investment in gold is in physical verses paper as in market related stuff. Selling the gold in your hand won't be easy if there's a sudden drop. Those who own paper holdings will get out before most other people. It will be a real scene seeing Thais lining up at those Chinese shops trying to sell off their 5 baht worth of gold or whatever they own. I don't know much about how things work as in whether there is a set price per day,etc. Can the marketmakers(Chinese shop owners) just close their doors to sellers? In 1997 there was something like this going on but I can't remember how it went.


If you are going to invest, why not buy land somewhere. As they say, they aren't making any more of it.

ye so long as it don't turn to desert . or a lake .
uk has £ 1.3 trillion of debt.
shit will hit a few fans soon.

Originally Posted by PaulBunyon

As they say, they aren't making any more of it.

In Bangkok, they do. All the klongs have been filled.

Originally Posted by billy the kid

uk has £ 1.3 trillion of debt.

that sounds reasonable