Thread: Buying Gold with my Thai savings?

Up on it's way to 20,000.

Up 200 yesterday to 19450.

Originally Posted by The Master Cool

Up on it's way to 20,000. Up 200 yesterday to 19450.

you silly troll, when there is momentum and the fools are buying, you don't short, you wait it out. I will probably when it reaches 2000 USD

I have carried on buying gold coins, keeping perhaps 20% of my personel savings in gold. I cannot pretend to understand world economics but trends and seasons for gold make for good gains. Master Cool, i belive is like me, someone who keeps a little spare money to dabble, he must surely be in profit now and has the option to get out.
I have an interest in a precious metals company with my son but do not confuse our business dealings with my savings.

Originally Posted by Butterfly

you silly troll, when there is momentum and the fools are buying, you don't short, you wait it out. I will probably when it reaches 2000 USD

All the fools are buying US dollars right now, that is what you short.

Your 1000 short will be just as big of loser as your 2000 short.

Originally Posted by Bower

I have carried on buying gold coins, keeping perhaps 20% of my personel savings in gold. I cannot pretend to understand world economics but trends and seasons for gold make for good gains. Master Cool, i belive is like me, someone who keeps a little spare money to dabble, he must surely be in profit now and has the option to get out.
I have an interest in a precious metals company with my son but do not confuse our business dealings with my savings.

finally another person on the forum that actually owns some gold. That makes 3 of us. Meanwhile, it would not surprise me if every person over the age of 30 on this forum owns some bonds.

Is that 3 including me ?

So please recommend a way to buy gold outside Bangkok preferably

Originally Posted by socal

Originally Posted by Bower

I have carried on buying gold coins, keeping perhaps 20% of my personel savings in gold. I cannot pretend to understand world economics but trends and seasons for gold make for good gains. Master Cool, i belive is like me, someone who keeps a little spare money to dabble, he must surely be in profit now and has the option to get out.
I have an interest in a precious metals company with my son but do not confuse our business dealings with my savings.

finally another person on the forum that actually owns some gold. That makes 3 of us. Meanwhile, it would not surprise me if every person over the age of 30 on this forum owns some bonds.

Originally Posted by The Master Cool

If I was to analyse this 30 yr history chart for example, it's now about the same height as in 1981, if it followed suit and lost 50% of its value in two years, I'd be crying into my Lao Khao.

But it didn't fall to prev levels in 83 slide And it does trend up so ... And dollars in 1971 ... Mmmm graphs are misleading .

Wrap it up as an unappetizing dish , like bean sprout curd packaging, and put it in the freezer.

* Not a good idea for those married to Thais

Originally Posted by The Master Cool

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.

Originally Posted by Ripley

My instincts say land Arab land . Arab land with water .

the Israelis got there first

I wished I would of brought a lot of Aussie dollars 18 months ago as I would of made over 30% on the turnover if sold today.

Down 300b per baht this morning.

Lost 600b and I haven't even had me breakie yet.

Still up a massive, awe inspiring 800b overall though.

whatever you do, don't buy more on an up trend, that's how you get fucked

buy more when it's below your last buy price

Originally Posted by The Master Cool

Down 300b per baht this morning.

Lost 600b and I haven't even had me breakie yet.

Still up a massive, awe inspiring 800b overall though.

Just a healthy correction to shake out some weak speculators and technical traders. I actually made a 30% gain on one of my jr gold exploration stocks today.Symbol PEZ on the Toronto stock exchange.

Its funny, even guys like you that have made money on gold are bearish. Everyone is bearish on gold.

Originally Posted by Butterfly

whatever you do, don't buy more on an up trend, that's how you get fucked

buy more when it's below your last buy price

Thats a good way of missing out on cheaper prices. Buy on days like today. The last pile of gold i bought this summer was the most expensive yet, I have never bought closer to an all time high but I also never got more appreciation so soon either. (But I know why gold is going up) BTW, you are the one getting fucked by holding US dollars and bonds right now.

The best time to buy is comex option expiration days at the end of each month(usually the 26th), that is when the big banks like JP Morgan manipulate the market by flooding it will shorts. They have a dollar to protect.

Originally Posted by socal

Just a healthy correction to shake out some weak speculators and technical traders. I actually made a 30% gain on one of my jr gold exploration stocks today.Symbol PEZ on the Toronto stock exchange.

and reminds us again how you paid for that stock ? in Gold maybe ?

Originally Posted by socal

The best time to buy is comex option expiration days at the end of each month(usually the 26th), that is when the big banks like JP Morgan manipulate the market by flooding it will shorts. They have a dollar to protect.

oh that's rich !!!

Master Cool, you are holding physical gold and so when it drops you havent lost any money as you decided not to sell at the peaks.
You have had your opportunity to make profits but decided to stay in the game.
Carry on buying in the dips and good luck.
You will certainly get better returns than gambling at the bookies !

Not too interested in either selling it in peaks or buying more in dips to be honest. Have it chucked in the back of a cupboard where it will probably stay until I find it again in 30 years or so and think 'Wha da fuk is this?'.

If I had bought 10 baht's worth I might care a bit more, but really it's just a bit of playing with cash I had in me pocket really.

Thai baht gold price does not seem to be appreciating as much as international gold prices ?

last year I bought all the gold in the world

look how rich I am, a yard full of old metal

Originally Posted by The Master Cool

Not too interested in either selling it in peaks or buying more in dips to be honest. Have it chucked in the back of a cupboard where it will probably stay until I find it again in 30 years or so and think 'Wha da fuk is this?'.

If I had bought 10 baht's worth I might care a bit more, but really it's just a bit of playing with cash I had in me pocket really.

doesn't sound like a gold bubble to me.