Have you opened a usd or eur bank account in Malta or Mauritius ?
Have you opened a usd or eur bank account in Malta or Mauritius ?
Keep all your receipts and have info as to where your money to buy the gold, came from. Don't buy gold with Israeli flags or emblems on it.
Gold shows up on hand luggage scanners and you will be asked for proof of purchase etc.
Don't travel through India even just to change planes
Is it legal to export gold from UAE?
Is it legal to import gold into wherever you're going too? The UK is OK in and out except export to Iran.
What is the spread between buying and selling. In Thailand bar gold is 100THB/1 baht weight (1/2 troy once)
Some countries it's illegal to take it out of the country.
You have a secure place to store your gold?
Somebody will always buy your gold, not so much other investments.
Currently gold is at multi year lows in some currencies, due to US$ recent gains. If you have doubts about the US$ long term value, buy gold.
Last edited by OhOh; 14-08-2018 at 11:25 PM.
A tray full of GOLD is not worth a moment in time.
That involves putting the money in a bank/money transfer shop to make it digital and/or fees/FX rates/buy and sell digital tokens fees. Some countries have restrictions on the amount of cash one can bring in and take out of the country. it sounds like the OP is looking at a quick exit plan.
Depends where your buying. I would suggest sealed one once/31.1gm bars 99.99 % gold content. Unless you have loads of money it's easier to sell the smaller bars. Every Thai town and village has a gold shop. In Europe an identifiable refiner and a sealed pack is easier.
Something like this:
These are accepted worldwide for cash.
In Thailand its 96.5% gold bars:
Just loose, they always give you a nice red bag to put it in. The bars are stamped with gold % and weight. Always check the weight on the shop scales. everything from 0.5,1, 2, 5, 10, 20baht to Kgs bars are available. A one baht Thai gold bar is about 15g. and today it's 18,900THB.
My choice would be gold bars over digital tokens. If you buy gold jewellery there is a premium.
I have never had any problems buying or selling gold in Thailand. The price is the weight x today's going rate. It is updated 3 times a day if it changes. It's a competitive business. In the UK buy and sell from online bullion dealers, not retail shops.
Last edited by OhOh; 15-08-2018 at 12:26 AM.
"The Dubai Customs website states: “All passengers carrying Dh100,000 or more or a sum of foreign currency of the same value are required to inform the customs personnel about the cash they have and they should also inform them about precious items such as gold and jewellery they may have.”
The self-declaration is required to be made with the customs authorities before check-in at the airport.
Dubai-based jeweller Manish Dhamani said there are no restrictions imposed on the amount of gold one can carry out of the UAE provided the passenger can furnish proof of the gold purchase and mode of payment. “You must have the duly signed and stamped invoices in original with you.”
https://www.quora.com/How-many-kilos...to-pay?share=1
now we're getting somewhere... cheers good info
You're welcome bro
Didn't you just get married Neo?
Your days of saving should be over now
Who was the lucky girl ? And what country is she from ?
https://teakdoor.com/photoshop-and-ph...ml#post3802505 (TD Photo Competition July & August 2018.)
Looks Samoan to me.
Faamalo! Tony!
I've bought bars here over the years but never managed to get the 100 bt spread in Pattaya, only in the Bkk Chinatown shops where trading is furiously competitive so you get more or less the same price at any shop.
Might have changed by now, but about 10-11 years ago a Chinese 'friend' told me about 'Chinese only' shops in Chinatown where they swap their gold bars for a token which includes an account number, then upstairs where everything is set up as at stockbrokers with computers to trade their gold on the 24/7 market in realtime. Win or lose over the session they can cash any time for the new value of their gold stack, while x or xx kg bars are not unusual.
platinum balls.?
Grey Gun(chester) metal
how much is gold these days ???
Today's Thai 10am fix 18,800THB. (-50THB) 100THB margin between buy and sell prices.
Yesterday's London PM fix 1,197GBP. (+ 1.70GBP)
https://goldtraders.or.th/
In Trat and Chanthaburi they all display the Thai Gold Traders price. Some try to squeeze their margin. Offer a large brown envelope of 1,000THB notes and ask to see the manager. Works for me. Selling is walk in, hand the gold over, it's weighed, price is calculated, (today's price x weight) and notes are counted out on their machine. Which are meticulously checked by my darling. In and out in 5 minutes if it's me and bars, my wife likes the buying experience, making the "ladies" work for the money, so 30 minutes minimum.
Gold jewellery is larger spread, 800 - 1,000THB.
My wife, who always has a friend who can get a deal, never delivers.
Last edited by OhOh; 15-08-2018 at 05:48 PM.
I would, myself, call customs, both UAE and wherever your destination is and get their definitive answer. Take their name, to be used if questioned at the airport. There is a web site but who knows how up to date it is, if you can find the info.
Plus anywhere you plane may land for a stopover!
Watch Banged Up Abroad Nepal to set your mind at ease.
wait and buy gold at the end of January 2019.
I want 5% commission on your profit for this tip!!!!!!
https://longforecast.com/gold-price-...021-ounce-gram
The waiting, in or out, is always the difficult decision to make, eh?
Most years the jump starts mid December, why lose the initial burst?
Paid in shiny g. one presumes?
Does your link has a good track record for direction and limits?
It's prediction for today, 16/8 is "Today's range: 1167.10-1189.00."
So far we've seen a low of US$1160.7 (07:45 BKK Time) and a high of US$1182. The US$6 low difference, predicted v actual, may have made you a 60% profit of your stake, if you were shorting.
Gold scares me, too easy for it to be confiscated.<br>Bitcoin is extremely secure and easily moved around the globe. But there a significant learning curve and a lot of fearmongering about because the huge threat it poses to the big banks and government. <br>The volatility is an issue, try to buy at a low point.. Also be ready to hold on to it for the long term. Some countries it is easier to use than others. Thailand is a PITA.<br>I used to keep my spare change cash in a crap Thai savings account,, now that's in bitcoin. So far I"ve pretty lucky with it.<br>There was a learning curve and made a couple of mistakes along the way..<br>The long term future of money is going to be bitcoin or something just like it. Very likely it will be bitcoin because of the strong network and open source algorythm, which means as the whole crypto-currency platform evolves so will bitcoin. This is what's been happenning, it's evolving.<br>Don't put all your eggs in one basket though.<br>Right now the price is pretty low compared to where it could go once early adoption really kicks in.<br>Right now we are in a pre adoption phase where people are just begining to learn about it, but know that the big corporate interests are still selling fear to the general public.<br>Bitcoin fits all of the Aristotilean facets for money. And fits them well. Especially the transportable, trustless and immutability aspects.<br>
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