Thread: Buying Gold with my Thai savings?

Buying a condo involves all sorts of responsibilities and time/work.

This is only a bit of playtime.

Thai stocks are quite high, we might reach 1200 early next year before a small correction due to poor Q1 and Q2

you missed the train for the Thai stocks bargain, wait for the next crash, when everyone is selling

Originally Posted by Butterfly

socal is your typical fool, but he is young, so he will get burn and wised up eventually

You are the one taking the risk by not being in gold. By the time you realize this it will be too late.

Originally Posted by Butterfly

Thai love Gold and that's where they put their savings. It's Gold and Land, or Condos. Very traditional and conservative way of investing, but not without risk.

As long they can afford it, it's fine, and since Thai don't think in terms of time value of money, it's also fine since Gold and Condos have a poor yield over the long term when adjusted for inflation and risk. Empty condos doesn't help either.

I cant take it anymore, you have it so ass fucking backward it is just unreal.

Thai's and SE Asians have lived through fiat currency crisis before, they have a better grasp of real tangible value then anyone else.

Originally Posted by socal

You are the one taking the risk by not being in gold. By the time you realize this it will be too late

I suggest you read financial literature (not blogs) regarding the financial characteristics of Gold and its relation to other financial assets, it might change your mind.

now if you were buying non-precious metals commodities, like hogs or wheat using Futures, then maybe you would have a case

^ is it really ? savings account don't have any risk or lose money, until now

No risk ? haha. When a central bank doubles its balance sheet in less then a year... Never mind, I don't feel like giving lessons.
n

Gold will crash, that's a fact nobody denies, we just don't know when

have already explained this to you. GOLD NEVER MAKES NEW LOWS. Was $35 an oz to $150 an oz a big jump in price through the 60s and 70s ? Yeah, but it went up to $850 a few short years later.

What was the rock bottom price after the crash ? $270. So the guy that bought at the "frothy" price of $150 STILL almost doubled his money.

[quote]Precious metals and Commodities have strange and long cycle

so socal is probably too young to know about them, which is his bias, he thinks things go up forever. Like a Thai

Yes I am very aware that things don't go up forever. You seem to be the one that doesn't understand this yet because you think gold is going to crash because it has gone up for 10 years when US treasuries have been going up for 30 YEARS.

are US treasuries going to go up forever ?

US treasuries have a maturity price, so yes technically, at least for T-bills (zero-coupon bonds), they always go up

otherwise they go up and down, like all fixed income securities

yes Gold crashing doesn't mean it will reach a new low, just that the silly fuckers who bought at 1200 might have to wait another cycle of 20 years before getting it back

Originally Posted by The Master Cool

I can't really complain, only perhaps that I didn't buy a 5b bar instead of the little 2b bar.

Put in what, 36,500 I think, now at 20,100 per baht it's worth 40,200. Better than leaving it in Kasikorn where it'd still be 36,500.

Unfortunately that's where the rest of my monthly change has been left.

So talk to me about stocks.

Say for 80-100k.

Is there something wrong with more gold ? maybe some more silver ? Or has gold been working too well for you ?

Buy some large cap gold and silver stocks, they have been lagging the gold price big-time. The reason they have been lagging is because nobody likes gold, which only means that it is clearly not a bubble. It has a long way to go.

YRI, ELD, K, MLL, AEM all on the Toronto Stock exchange.

[quote=Butterfly;1622890]

Originally Posted by socal

You are the one taking the risk by not being in gold. By the time you realize this it will be too late

I suggest you read financial literature (not blogs) regarding the financial characteristics of Gold and its relation to other financial assets, it might change your mind.

keep buying those bonds....

now if you were buying non-precious metals commodities, like hogs or wheat using Futures, then maybe you would have a case

why ? because you have seen the dollar price of wheat go up lately right ? I think wheat is up about 60% recently.... PRICED IN DOLLARS.

How much has wheat really gone up, priced in gold ?

US treasuries have a maturity price, so yes technically, at least for T-bills (zero-coupon bonds), they always go up

yep, like houses in Florida.

otherwise they go up and down, like all fixed income securities

yes Gold crashing doesn't mean it will reach a new low, just that the silly fuckers who bought at 1200 might have to wait another cycle of 20 years before getting it back

Is math one of your weak points ?

How does around $300 to $1200 equal on a percentage basis to the old cycle ? The old cycle from $35 to $850, was over 2000 percent.

^ you do realize that those paying 150 or even 300 probably sold already, and that most investors to catch the momentum bought above 300,

how do you think it went up ? by magic ? volume ? ever heard of it ?

Originally Posted by Butterfly

^ you do realize that those paying 150 or even 300 probably sold already, and that most investors to catch the momentum bought above 300,

how do you think it went up ? by magic ? volume ? ever heard of it ?

yeah, its called a market. That does not change the gaping hole in the percentages.

The real market bottom was not even $264. The UK had announced not-for-profit gold sales that brought the price that low artificially. A more realistic bottom would be around $400.

^ as price accelerate as we are seeing with Gold, volume is fundamental to the price appreciation, which means that most investors have bought probably around 500 and 800 and even higher, which means when Gold crash to a more long term average of 300, they will be losing more than 50% of their money and will sit on it for the next 20 years

do you understand so far ? so explain to us again how you can never lose money with Gold

use a 30 yr hi/lo is not reasonable as a proxy for the risk measure of Gold

Oops, I thought your gold 'crash' was to $500; now it's $300. Getting better all the time. Do you honestly believe that if economic, political and religious stability were to break out around the world, that gold will return to $300? Honestly?

You're a recurring train wreck.

Originally Posted by keda

Do you honestly believe that if economic, political and religious stability were to break out around the world, that gold will return to $300? Honestly?

300, 500, does it matter how much exactly ? long term average is about 300 I believe, could be less actually. Gold acts like any other financial assets, you keep arguing that somehow Gold will save the day if we were to face a global collapse.

Do you really think you will be able to buy a loaf of bread with your Gold ? nutter

Originally Posted by keda

You're a recurring train wreck.

of course I am

Originally Posted by Butterfly

just that the silly fuckers who bought at 1200 might have to wait another cycle of 20 years before getting it back

not if they sold now, they would make a quick buck

Well these Dinars aren't going anywhere.

Norwegian Kronor anyone?

didn't chitown bought one of those million dinar scam ?

Originally Posted by Butterfly

Originally Posted by keda

Do you honestly believe that if economic, political and religious stability were to break out around the world, that gold will return to $300? Honestly?

300, 500, does it matter how much exactly ? long term average is about 300 I believe, could be less actually. Gold acts like any other financial assets, you keep arguing that somehow Gold will save the day if we were to face a global collapse.

Do you really think you will be able to buy a loaf of bread with your Gold ? nutter

Originally Posted by keda

You're a recurring train wreck.

of course I am, and also a basket case

Er, where did I say that except in your deranged mind? I am in gold and have been from around $100, I tucked in when the Brit idiot at No 11 sold the family silver, and I've been topping up since with spare cash, as well as short term trading. My last council baht is not invested in it, I do not expect to ever eat my gold, or to go hungry because nobody will exchange equal weight on a loaf of bread.

Anyway, as you're so convinced the end is nigh, you should be cleaning up by shorting. Or it could of course be you've already had so many margin calls that your last fling is to collapse the market by stampeding TD members into panic selling.

But yes you are right, also a basket case.

What gold did you get for $100? A one baht piece? Was an ounce $100 anytime?

he bought it in the 1950s, so he has been waiting for the last 50 years to get it back, told you, Gold has a long cycle

needless to say that adjusted for inflation, it's not really 100

Originally Posted by keda

Oops, I thought your gold 'crash' was to $500; now it's $300. Getting better all the time. Do you honestly believe that if economic, political and religious stability were to break out around the world, that gold will return to $300? Honestly?

You're a recurring train wreck.

the same people thought that it would go back to $90 in the first cycle. It never happened.

Originally Posted by Butterfly

Originally Posted by keda

Do you honestly believe that if economic, political and religious stability were to break out around the world, that gold will return to $300? Honestly?

300, 500, does it matter how much exactly ? long term average is about 300 I believe, could be less actually. Gold acts like any other financial assets, you keep arguing that somehow Gold will save the day if we were to face a global collapse.

Do you really think you will be able to buy a loaf of bread with your Gold ? nutter

Originally Posted by keda

You're a recurring train wreck.

of course I am

what the fuck are you talking about $300 ? The old average was $35, and the new rock bottom low was $270.

So does that mean you've had your gold since 1975?

Well just playing with small amounts like the original poster, i have been able to profit take [at] 25% p a average. This is dealing in £s and UK gold coins only so no Capital Gains Tax.
You dont need to involve yourself in brokers fees and the Tax man. Nor do you need to be a smart world economist.