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  1. #1
    Thailand Expat misskit's Avatar
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    Gold prices highest in six years

    The conflict between the US and Iran is expected to be a prolonged one, and could lead to the gold price hitting US$1,600 per oz this week, the highest in six years, Gold Traders Association president Jitti Tangsitpakdee said on Monday (January 6).

    “Investors are monitoring the situation closely. They are afraid the conflict will develop into World War III,” he said.



    The appreciation of the baht currency between 0.40 and 0.50 decreased the price of gold in Thailand by around Bt300. “The baht has presently weakened slightly, causing the price this morning to rise by Bt350,” Jitti said.


    The buying price for a baht of gold today (January 6) was Bt22,400, and 22,500 for selling.

    The buying price for gold ornaments was Bt21,997.16, and for selling Bt23,000.

    On Friday, the Middle East situation heated up again after a US drone strike killed Iranian military leader Qasem Suleimani. Iran has vowed revenge and raised a red flag over the Holy Dome Jamkarān Mosque, signalling that a severe battle lay ahead.

    https://www.nationthailand.com/news/...ernal_referral

  2. #2
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    Quote Originally Posted by misskit View Post
    Gold prices highest in six years
    Gold prices highest in NINE years

    Gold prices highest in six years-july-21-2010-jpg
    Attached Thumbnails Attached Thumbnails Gold prices highest in six years-july-21-2010-jpg   Gold prices highest in six years-july-21-2010-jpg   Gold prices highest in six years-july-21-2010-jpg  
    Last edited by OhOh; 21-07-2020 at 02:56 PM.

  3. #3
    Hangin' Around cyrille's Avatar
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    “Investors are monitoring the situation closely. They are afraid the conflict will develop into World War III"
    Well if that's what buying gold does for ya...

  4. #4
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    Quote Originally Posted by cyrille View Post
    Well if that's what buying gold does for ya.
    Proven safety net during trying times, that's all.

    One hopes, but plans accordingly.
    Last edited by OhOh; 21-07-2020 at 09:27 PM.

  5. #5
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    A trend appearing, yes?

    Gold prices highest in six years-gold_2_year_o_usd_x-png
    Attached Thumbnails Attached Thumbnails Gold prices highest in six years-gold_60_day_o_usd_x-png  

  6. #6
    Member elche's Avatar
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    "Hot tip"

  7. #7
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    Quote Originally Posted by elche View Post
    "Hot tip"


    When it daily holds above USD$ 1885, you will be too late. Still time to "invest".

    When your x% doubles, double up again ...., when it drops 20% liquidate.


  8. #8
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    Gold price hits all time high weekly close.



    Gold prices highest in six years-gold-all-time-high-weekly-close

    Originally Posted by elche (Gold prices highest in six years)
    "Hot tip"

    Watch for the testing of the two previous weekly closes. If repelled upwards, there may be greater value added.

    At 10% gain for every USD "gambled"/USD price rise, you do the maths.
    Last edited by OhOh; 25-07-2020 at 03:06 PM.
    A tray full of GOLD is not worth a moment in time.

  9. #9
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    Duplicate

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