Thread: Buying Gold with my Thai savings?

Originally Posted by phomsanuk

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

Gold is money just like any other currency, the Singapore dollar has not been appreciating as much priced in baht either but it looks better when priced in US dollars. Same for gold.

Originally Posted by DrAndy

last year I bought all the gold in the world

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

The weird comments people come up with when they don't understand gold......

Originally Posted by socal

The weird comments people come up with when they don't understand gold......

I don't think you understand anything about Gold and its relationship with other financial assets

I think you will become another victim of Gold fever, like millions of other small investors who were fucked before you

Originally Posted by socal

Originally Posted by DrAndy

last year I bought all the gold in the world

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

The weird comments people come up with when they don't understand gold......

Oh dear, I am sorry I offended you with my little joke

pity you didn't understand the meaning

Originally Posted by DrAndy

last year I bought all the gold in the world

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

awesome, do you want to invest in my new hedge fund ? it's short on Gold

imo gold will only increase in value as the us dollar continues to decrease in value,
just do plenty research before you outlay your money.
australia has plenty of good (and some bad) gold minning companies you can invest on the australian stock exchange (asx).

Originally Posted by isanmick

imo gold will only increase in value as the us dollar continues to decrease in value,
just do plenty research before you outlay your money.
australia has plenty of good (and some bad) gold minning companies you can invest on the australian stock exchange (asx).

But that is what is happening right now.
The dollar is declining more and more because the U.S. is going bankrupt (which they actually are already). And gold will hit 2,000 over the next few years.

Originally Posted by Butterfly

Originally Posted by DrAndy

last year I bought all the gold in the world

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

awesome, do you want to invest in my new hedge fund ? it's short on Gold

thanks, but my yard is surrounded by hedges

Originally Posted by isanmick

imo gold will only increase in value as the us dollar continues to decrease in value

so if the dollar declines by 50% and gold doubles in dollar value.....

Originally Posted by DrAndy

Originally Posted by isanmick

imo gold will only increase in value as the us dollar continues to decrease in value

so if the dollar declines by 50% and gold doubles in dollar value.....

It will of course depend on which currency you are buying your gold in.
The huge increase in gold prices has been going on long enough to have cashed in your initial outlay and now be playing/investing your profits.
Up to 20% of your personal wealth in precious metals makes good sense at any investment level IMHO.
I do not agree with many of BF's opinions but if his warnings are to greedy, ill informed speculators then his predictions will almost certainly come true. Just like the fools that got burned in the .com scramble just before it too disintegrated.

If you lose at the betting shop, your betting slip is and always will be wothless but make a mistake with pms, in time it will give you a profit and you still have your stake, all be it worth less than purchase. Its all a gamble.

Invest in gold/silver coins they can be sold at an instant,anywhere in the world.

Originally Posted by HermantheGerman

Originally Posted by isanmick

imo gold will only increase in value as the us dollar continues to decrease in value,
just do plenty research before you outlay your money.
australia has plenty of good (and some bad) gold minning companies you can invest on the australian stock exchange (asx).

But that is what is happening right now.
The dollar is declining more and more because the U.S. is going bankrupt (which they actually are already). And gold will hit 2,000 over the next few years.

$2000 is below the inflation adjusted high. It would have to go to $2300 to break even with the old inflation adjusted high.

And remember, interest rates where 20% the last time gold topped, they are 0% now. When interest rates are 10%, i might think about selling gold.

[quote=Bower;1585149]

Originally Posted by DrAndy

Originally Posted by isanmick

imo gold will only increase in value as the us dollar continues to decrease in value

so if the dollar declines by 50% and gold doubles in dollar value.....

ill informed speculators then his predictions will almost certainly come true. Just like the fools that got burned in the .com scramble just before it too disintegrated.

You seem to assume that there is no other over-valued, over bought, over issued asset class out there right now that the fools are investing in. That investment is US treasuries and cash equivalents.

If you lose at the betting shop, your betting slip is and always will be wothless but make a mistake with pms, in time it will give you a profit and you still have your stake, all be it worth less than purchase. Its all a gamble.

Pm's are a gamble against what ? You seem to have the US dollar and gold mixed up at the bottom of the pyramid.

Butterfly world....

What is the bubble then ??

socal, i dont get involved or pretend i have the knowledge to give advice about the global markets. I just give my opinions based on 30 years of investing in gold coins.
You seem to forget the op was about us guys who have a few $ or £'s at the end of each month to invest.
Its what we choose to do with our pennies and its our fun which bring in a few extra $ or £'s.
BF's doom warnings may be correct look at what has happend to gold in the last 7 days, if you got too far in and late, you got your bottom spanked.

If you are so right spend all day in the market and do your predictive postings on Kitco.
Should you be right and make your fortune, good luck and well done.

[quote=Bower;1585358]

BF's doom warnings may be correct look at what has happend to gold in the last 7 days, if you got too far in and late, you got your bottom spanked.

Yeah, I remember getting my bottom spanked at $960 too.

If you are so right spend all day in the market and do your predictive postings on Kitco.
Should you be right and make your fortune, good luck and well done.

While it has become a bit cliché, the statement that “gold is not going up but the dollar is going down” is the most important concept for every investor and indeed citizen to understand at this point. Completely wrapping one’s head around this concept may very well be the difference between economic survival and complete destruction in the years ahead. For when you truly comprehend this notion you stop thinking about gold in terms of its price and you can then make a rational decision about where it is going. Gold is not up 23% this year to $1,345/oz, rather the U.S. dollar has depreciated by 23% versus the world’s neutral money supply, gold. As we all know by now, there is no limit to the amount of money Banana Ben Bernanke can or will print. Thus, gold’s theoretical upside is infinite in a purely paper money world. Once you understand this, you recognize that gold is not the bubble but rather the biggest bubble on planet earth today is the U.S. dollar itself.

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.

Another 200b drop today.

A big bad 1000b loss in 2 days.

Shoulda sold up, went for a beer n bj, then bought back the same amount.

Originally Posted by The Master Cool

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.

Another 200b drop today.

A big bad 1000b loss in 2 days.

Shoulda sold up, went for a beer n bj, then bought back the same amount.

Yeah, being god would be cool.

300b to go before hitting 20,000b.

Not bad for the guys who bought at 12k only 2 or so years ago.

Master cool, did you carry on buying a little more each month ?

Nah, too lazy. Shove it into a kasikorn account instead.

Going down to buy it, keeping it, then going back to sell it isn't worth the difference tbh.

I bet that when Gold crash on the world market, it will keep going up in Thailand

Originally Posted by Butterfly

I bet that when Gold crash on the world market, it will keep going up in Thailand

Yeah, who gives a fuck about gold ? But seriously folks...

World Bank Head Is Back, Says Don't Ignore Gold Which Is Now "The Elephant In The Room"


After making some very unwelcome advances calling for a return to the gold reserve, World Bank head Robert Zoellick is again back, and refuses to shut up. The FT reports that earlier Zoellick said the increasing use of gold as a monetary asset was an “elephant in the room” that was being ignored by policymakers in the debate over how to correct global trade and fiscal imbalances. It gets worse: during a conference presentation, Zoellick said the price of gold indicated that the world was heading towards a new monetary system in which the US dollar would be only one of a number of reserve currencies with flexible exchange rates. As we highlighted yesterday, a variety of factors have already conspired to make it appears that not the dollar, but the Chinese currency is increasingly starting to act as a reserve currency on its own merit.
More comments from Zoellick:

“Gold is now being viewed as an alternative monetary asset. This is not the same as a gold standard,” said Mr Zoellick. “Gold has become a reference point because holders of money see weak or uncertain growth prospects in all currencies other than the renminbi, and the renminbi is not free for exchange.

“So, in relative terms, gold is appealing to people who ask where should I put my money. It is a hedge against uncertainty.”

Mr Zoellick said the use of gold indicated that the largest economies “need pro-growth policies, structural reforms, open trade and an anti-protectionist agenda”. He said that would build confidence in private sector development.

This means that no matter how high the margin requirements on precious metals, the inevitable move in the price of gold and silver is just one, as there is no way that the FX tension can ever be resolved now that the only possible outcome for the global economy is a race to deflate. The World Bank head agrees:

He said there was no “silver bullet” that would resolve the world’s problems with trade imbalances and capital flows, however, suggesting that achieving a revised international trading and monetary system would require a process of “relentless incrementalism”.

Yet in an attempt to not come off as alarmist, Zoellick toned down previous comments from Brazil's Mantega (that's the guy with the hot daughter), that a full blown currency war has broken out.

“I don’t believe we are going to be in a currency war; I think this is an overstated description,” he said. “I have had to deal with real wars in my career, so I know what they are and I’m sensitive to the use of the term.

“[But] I do think there are tensions in the system, and if not properly managed those tensions risk an increase in protectionism.”

We are all ears to understand just what alternative to protectionism and FX wars exists for the world... and just what the alternative case for gold as a pseudo gold standard is.
Select ratingCancel ratingPoorOkayGoodGreatAwesome

Originally Posted by Butterfly

I bet that when Gold crash on the world market, it will keep going up in Thailand

That's as sure a winner as the one that has you waiting to corner the market at $500.

Thai Gold Traders Association - official prices - updated daily
Thailand Gold Price by Gold Traders Association
You will note - no you won't because you already know it all - others will note that it moves daily in line with the official gold price and $ value in baht.

keep your eye on the ball...

Just a clip on yahoo finance if you are interested.

Spotting a Trend Reversal in Gold Prices