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  1. #26
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    Quote Originally Posted by The Master Cool View Post

    So now some questions.

    One can presumably buy a 3 baht weight of gold, but where, down in some China Town gold shop?

    How do you know it's genuine and you're not getting fleeced?

    And what should I get in terms of documents, if any? or do you just get a receipt?

    Thanks.
    Buy from a shop called Tang Hua Seng - they have about 5 branches in Yaowrrat (and one in Seacon Square) and Bars bought there will sell more easily when you need the money back, they have an excellent reputation among Thais; often in Yaowarrat you will see other Gold shops completely empty but Tang Hua Seng branches are packed with Customers.

    If I recall correctly Bars are 1, 2 5, 20 and 50 Baht weight (50 is the biggest I have bought anyway).

    You will have to pay Cash - and you will be amazed at the huge bundles of notes being paid in!

    You will take collection of the physical Gold Bar - no receipt is given.

    Patrick

  2. #27
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    the problem with your plan is that your gold could be stolen

    hence your return would be -100%

    hence you have the risk of a very volatile instrument, before thinking of returns, think about risk

  3. #28
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    Thanks Patrick.

    That's pretty much the info I've seen after the past hour or so on google.

    Will begin with either one or two 2 baht bars.

    Amazing to see how minute they are. A 5 baht bar:



    the problem with your plan is that your gold could be stolen

    hence your return would be -100%
    This is being considered, will be either well hidden in my apartment and checked everynight, or be in a safety deposit box if I can get one.

  4. #29
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    Quote Originally Posted by The Master Cool View Post
    Quote Originally Posted by DJ Pat View Post
    Buying gold?

    You shacked up with an Isarn whore?
    Are you always this dumb, or is this a special occasion?
    Nope, that's him 24 / 7. He is a confused luekkrung with an identity crisis.

  5. #30
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    Quote Originally Posted by Patrick
    Buy from a shop called Tang Hua Seng - they have about 5 branches in Yaowrrat (and one in Seacon Square)
    You can't miss the one in Seacon Square. It's on the 3rd floor (I think?) and is completley mobbed over the weekend.

  6. #31
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    Wish I had bought gold when Gordon Brown sold a major part of the UK reserves .

    That would have been perfect timing.

  7. #32
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    Interesting reading here. A 2 year old thread with all predicting it's about to crash.

    Believe it's increased about 25% since then.

    https://teakdoor.com/issues/28011-gol...big-crash.html

    A nice thread from Hillbilly.

    https://teakdoor.com/living-in-thaila...ying-gold.html (Buying gold)

    Made a nice 20,000 since.

    Unfortunately my hanging around has cost me 1,750b as it's increased 350b over the past 2 days.

  8. #33
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    I made a mistake in the name - it's Hua Seng Heng!

    Apologies.

    Useful website:

    Gold Traders Association :

    unfortunately all in Thai.

    Patrick

  9. #34
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    Quote Originally Posted by The Master Cool
    Interesting reading here. A 2 year old thread with all predicting it's about to crash.

    Believe it's increased about 25% since then.
    making a timing predictions is literally impossible, you just know it's going to happen and don't want to be around when it does

    Like in the 80s, it's a bubble

  10. #35
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    Quote Originally Posted by Butterfly
    making a timing predictions is literally impossible, you just know it's going to happen and don't want to be around when it does
    A bit like dieing really.

  11. #36
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    ^ a bit like skydiving without a parachute and see how it feels when you hit the ground,

    so yes like dying is a good analogy,

  12. #37
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    Quote Originally Posted by Butterfly View Post
    making a timing predictions is literally impossible, you just know it's going to happen and don't want to be around when it does
    Yes, when I get in if it goes up straight away, sweet.

    As soon as it gets down to what I paid for it, it's sold and I'm no worse of than if I left it sitting in Kasikorn.

    Once it doesn't crash straight away it should be okay.

  13. #38
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    Lucky.

    Was going to go down and get a few bahts worth, but with all the trouble I didn't get the chance.

    Almost immediately it crashed 900b in 2 days.

    Will see how it goes until this weekend.


    Also wouldn't mind a little safe to put them in. Just something small with a code that only I know. Does anyone know where you can pick up a cheap one. Google doesn't show anything.

    Thanks.

  14. #39
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    Quote Originally Posted by The Master Cool
    Also wouldn't mind a little safe to put them in. Just something small with a code that only I know. Does anyone know where you can pick up a cheap one. Google doesn't show anything.
    I can see a new thread coming about someone stealing your safe and your gold

    you are raving mad, this is going to end in tears,

    go rent a bank box, it might be safer (if they don't get burn first)

  15. #40
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    It would be kept in my Isaan whore's brother's shack. What could go wrong.

  16. #41
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    Quote Originally Posted by Butterfly View Post
    Quote Originally Posted by The Master Cool
    Interesting reading here. A 2 year old thread with all predicting it's about to crash.

    Believe it's increased about 25% since then.
    making a timing predictions is literally impossible, you just know it's going to happen and don't want to be around when it does

    Like in the 80s, it's a bubble
    Isn't pretty fair to say that when equities turn down, commodity prices go up because investors are looking for a safe haven?

  17. #42
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    Quote Originally Posted by Humbert
    Isn't pretty fair to say that when equities turn down, commodity prices go up because investors are looking for a safe haven?
    not really, there might be some short term correlations, but they can reverse very quickly, that is equities will go up with commodities price before reversing again or going flat (no correlation)

    the level of interest rates change and inflation is a better predictor of equities performance,

    Commodities have long cycle, eventually they crash and they do nothing for long period of time. You certainly don't want to be caught in that cycle when they do. However, some argue that they are necessary as a diversification strategy, even though they are not regarded as an asset class.

    Don't put all your money into them though, being long on Gold with 100% of your saving is suicidal.

  18. #43
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    Bought two big bad baht's worth on Friday. It was an auspicious day after all. Not auspicious enough to buy more though.

    Only have the 5baht bars down there so bought a designed coin. 200 b more for the design. 37,500.

    Am up 100b already.

    Will see how it goes and aim to do the same every two months.

  19. #44
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    Quote Originally Posted by The Master Cool
    Am up 100b already.
    time to throw a big party then, and spend it all on booze and whores

  20. #45
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    Absolutely.

    On the 7b bus to Chinatown now.

  21. #46
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    The benefit of hindsight

    Quote Originally Posted by billg View Post
    Gold goes up as well as down so if you need the money out fast you would have to wait for a "Peak"


    bill
    Beware between the twin peaks ! and we don't mean coming together
    There's aalways trough /slump/correction
    If I could predict these I wouldn't need to work again.

    Unlike gold investments or cash in the bank you can rent or reside in a property which has always been a good investment given a good location.
    For those unfamiliar with remote rural life upcountry houses and rice paddy can be bought for price of a 2nd hand car in Thailand.I know I jknow the falang cannot have 100% deeds but yo cant take it wit ou

    And ala Jane Austin the local lasses concur
    A bachelor wit a small fortne is in need of a Wife.It's not seeking them its brushing em off and finding the right one.

    If really unsure what to do yo can send it t Fr Joe Meyer at Mercy Center Klong Toey see the website,zero return like Stndard Life Bear Stearns but you'll feel better
    http://mercycentre.org
    The Human Development fund helps AIDS victims slum dwellers and micro loans etc
    he knows its just an instrument of stored energy
    Last edited by planestanley; 31-05-2010 at 02:34 PM.

  22. #47
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    So how is the gold investments going?
    This Uk link might be useful www.lois-jewellery.com

    I would add that it is better to buy gold coins in my humble opinion.
    This week higest demand ever i think for US Eagles.
    Iran buying gold.

  23. #48
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    Quote Originally Posted by Bower View Post
    So how is the gold investments going?
    This Uk link might be useful www.lois-jewellery.com

    I would add that it is better to buy gold coins in my humble opinion.
    This week higest demand ever i think for US Eagles.
    Iran buying gold.
    Further to my earlier post i will tell you that my son owns a precious metals company, todays info looking into possible trends in the gold price, we are told that Iran is looking to buy gold and that the UK must pay back £400m to Iran for a uncompleted arms deal from 1979. It is now thought that Iran wants payment in gold securities. All these things can push up the price, if found to be incorrect it will fall back to its earlier levels or lower.

    Also keep your eye on the currency you use to buy gold, its strength/ weakness to the US$ will also determine the selling value of your gold.

  24. #49
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    So how is the gold investments going?
    Well the 2 baht's worth is up a huge 300b. Resisted the temptation to cash it in and blow it on Jack and Hoes.

    Will pick up another baht at the end of the month with my Thai cash leftovers.

    Only in it for 2 years as an alternative to letting my leftovers sit in Kasikorn earning 0%.

    If I have a profit after then, it's all cool.

  25. #50
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    One baht is up 300b today alone.

    Sweet.

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