how241 Posted October 8, 2017 Share Posted October 8, 2017 36 minutes ago, FritsSikkink said: In Thailand it is priced in THB Yes, it is priced in THB but ONLY after they have converted the price using a USD/THB daily exchange rate. Link to comment Share on other sites More sharing options...
Thongkorn Posted October 8, 2017 Share Posted October 8, 2017 We have bought gold over the years usually when its price is at a low, Not really as an investment but as an option if we need money quickly, We have bought gold bars and chains, Also We take some back to the UK , never had to pay any tax. Never been asked or caught, Most jewelers in the UK will not touch it as there is no mark on it, Link to comment Share on other sites More sharing options...
how241 Posted October 8, 2017 Share Posted October 8, 2017 10 minutes ago, Thongkorn said: We have bought gold over the years usually when its price is at a low, Not really as an investment but as an option if we need money quickly, We have bought gold bars and chains, Also We take some back to the UK , never had to pay any tax. Never been asked or caught, Most jewelers in the UK will not touch it as there is no mark on it, Yes, Thai gold is best bought and sold and the same shop...Most shops will place a very small identifying mark so they know it is their gold...The bar prices are usually the same wherever you go in Thailand...Sometime, they put a premium on the very small bars. Link to comment Share on other sites More sharing options...
Just Weird Posted October 8, 2017 Share Posted October 8, 2017 6 hours ago, sometimewoodworker said: It will, absolutely, be cheaper in Thailand than in the U.K. for the gold content. It it is unusual to get a 23k bracelet in the UK. So the price may look similar but the gold content will be much lower, usually less than 14k The one downside to any jewellery ownership in the U.K. is that if you ever want to sell it you will get a ridiculously low amount, around ⅓ the money you would get in Thailand (for Thai gold of course) Why are you directing that at my post? I didn't say that it wouldn't be cheaper, neither did I comment on 'UK' gold... 21 hours ago, Just Weird said: She is neither wanting to, or going to, buy bullion. Why would she "run into problems" if she bought a bracelet and took it to the UK and why would it "not be worth it"? All she wants is a bracelet cheaper than in the UK. Link to comment Share on other sites More sharing options...
thrilled Posted October 8, 2017 Share Posted October 8, 2017 When I buy gold in the US it’s coins 23.999 There is A mark up on it but usually reasonable. At Bangkok when I buy gold chains in Thailand it’s 96.5% There’s A mark up on it also.This could be approximately 800 baht more for each 1 baht gold I buy. You can sell Gold anywhere they will melt it and give you scrap prices. it’s hard to make big profits on gold cause it sells on the world market. Link to comment Share on other sites More sharing options...
Farang99 Posted October 9, 2017 Share Posted October 9, 2017 On 10/7/2017 at 6:31 PM, jackdd said: It's a little bit cheaper, but not too much. Be aware that the gold here in Thailand has a very high percentage of actual Gold, so it's not as sturdy. And if you plan to sell it in the future it could be difficult to do so in a country other than Thailand. If you go to any of the bigger gold shops in a mall i doubt they would try to sell fakes. But be aware that normally you would have to pay taxes on it when you bring it home Thai gold is the equivalent of 23 K. Thais treat the standard western gold of 18 K as costume jewellery, but it can be difficult to resell Thai gold in the west simply because to accept the higher purity the buyer would have to see a guaranteed assay. Link to comment Share on other sites More sharing options...
bazza73 Posted October 9, 2017 Share Posted October 9, 2017 Thai gold is useful as a currency hedge. It's not an investment, because it earns no income. While long-term the price tends to appreciate due to countries debasing their currencies by money printing, short-term it doesn't offer much in terms of capital gains. As other posters have noted, the unique nature of Thai bullion means it can only realistically be bought and sold within Thailand - elsewhere, its value will be discounted. Link to comment Share on other sites More sharing options...
SpokaneAl Posted October 9, 2017 Share Posted October 9, 2017 A few years ago we had some miscellaneous small pieces of Thai gold and sold it in the US. Reputable gold dealers have the tools to quickly analyze the quality and quantity of the gold and will pay you based on the current world price, absence a small service fee of course.Sent from my iPad using Thaivisa Connect Link to comment Share on other sites More sharing options...
MrPatrickThai Posted October 9, 2017 Share Posted October 9, 2017 18 hours ago, how241 said: Yes, it is priced in THB but ONLY after they have converted the price using a USD/THB daily exchange rate. Interesting, I thought it was converted from HK$. Link to comment Share on other sites More sharing options...
EcigAmateur Posted October 17, 2017 Share Posted October 17, 2017 On 10/7/2017 at 8:31 PM, theguyfromanotherforum said: You are correct and I completely misread the OP. Call me an idiot. For some reason I thought she wanted to buy for resale?! I can confirm. Of course Thai gold is more pure than in EU or US. Link to comment Share on other sites More sharing options...
bazza73 Posted October 19, 2017 Share Posted October 19, 2017 On 10/17/2017 at 10:16 AM, EcigAmateur said: I can confirm. Of course Thai gold is more pure than in EU or US. Gold jewellery in Thailand is purer than that in Western countries. Thai gold bullion is less pure than Australian bullion. I don't know about EU or US. https://www.abcbullion.com.au/ Link to comment Share on other sites More sharing options...
Jack100 Posted January 13, 2018 Share Posted January 13, 2018 Without mentioning the name , I went to one of the famous old gold shops in Chinatown - it looked real shabby compared with the modern red air conditoned stores down the road . Also , I only saw a few amulets on display , no gold chains etc . Am I missing something here ? Link to comment Share on other sites More sharing options...
onera1961 Posted December 11, 2018 Share Posted December 11, 2018 On 10/7/2017 at 6:31 AM, jackdd said: if you plan to sell it in the future it could be difficult to do so in a country other than Thailand You can sell in any Asian countries - Thailand, India, China, Hong Kong, Malaysia, Singapore, UAE, Dubai, Kuwait, etc. But you will get best rate if you sell in the same store in Thailand. Most stores sell 23K jewelry. Gold is like investment for asians though in recent decades other forms of investment are becoming popular. Link to comment Share on other sites More sharing options...
sjeng Posted December 11, 2018 Share Posted December 11, 2018 On 10/8/2017 at 5:55 PM, thrilled said: When I buy gold in the US it’s coins 23.999 There is A mark up on it but usually reasonable. At Bangkok when I buy gold chains in Thailand it’s 96.5% There’s A mark up on it also.This could be approximately 800 baht more for each 1 baht gold I buy. You can sell Gold anywhere they will melt it and give you scrap prices. it’s hard to make big profits on gold cause it sells on the world market. The clue to get seme money out of it is only by the different VAT % in Thailand 7 % in europe about 20% Buy goldbar 100 gr 99.999 % you even get your vat refund in Thailand and smuggle it to europe. that is the profit. Link to comment Share on other sites More sharing options...
sometimewoodworker Posted December 14, 2018 Share Posted December 14, 2018 On 12/11/2018 at 8:06 PM, sjeng said: The clue to get seme money out of it is only by the different VAT % in Thailand 7 % in europe about 20% Buy goldbar 100 gr 99.999 % you even get your vat refund in Thailand and smuggle it to europe. that is the profit. Doesn't work there is no VAT on gold purchases in Thailand. and of course if you try to smuggle and get found out 100% loss of the gold plus a fine and free accommodation for the next few months or years. Then a nice notation on your police record. So where is the profit? Link to comment Share on other sites More sharing options...
sometimewoodworker Posted December 14, 2018 Share Posted December 14, 2018 On 12/11/2018 at 8:06 PM, sjeng said: The clue to get seme money out of it is only by the different VAT % in Thailand 7 % in europe about 20% Buy goldbar 100 gr 99.999 % you even get your vat refund in Thailand and smuggle it to europe. that is the profit. Doesn't work there is no VAT on gold purchases in Thailand. and of course if you try to smuggle and get found out 100% loss of the gold plus a fine and free accommodation for the next few months or years. Then a nice notation on your police record. So where is the profit? Link to comment Share on other sites More sharing options...
thrilled Posted December 21, 2018 Share Posted December 21, 2018 Someone stated that thai gold is more pure than in the U.S.I buy gold in Chinatown all the time.Ornaments are 96.5% pure.At the U.S. I buy gold coins they are 99.99%. The mark up is lower than the gold shops at Yaraphat rd. Link to comment Share on other sites More sharing options...
YogaVeg Posted December 21, 2018 Share Posted December 21, 2018 On 10/8/2017 at 3:58 AM, Thongkorn said: Most jewelers in the UK will not touch it as there is no mark on it Why? I've only sold in the US, but buyers have methods they always employ to test purity ect. Seems a simple stamp would be easy to counterfeit, aren't all gold buyers going to test the piece by other means than simply looking at a stamp? Great read, this thread. Link to comment Share on other sites More sharing options...
dreaming Posted December 21, 2018 Share Posted December 21, 2018 Dont buy gold jewellery in thailand to "impress" people back home. I guess that would be the only reason to buy gold jewellery Farangs, women in particular, dont like the colour of the thai gold - it is too yellow. I know this from experience 555 Link to comment Share on other sites More sharing options...
Nyezhov Posted December 22, 2018 Share Posted December 22, 2018 3 hours ago, dreaming said: Dont buy gold jewellery in thailand to "impress" people back home. I guess that would be the only reason to buy gold jewellery Farangs, women in particular, dont like the colour of the thai gold - it is too yellow. I know this from experience 555 I think it looks great on me. The yellow blends in nicely with the sickly pale colour of my skin, and the chain design accentuates the lines of my slim, yet oh so manly neck. Worn just peeping out of a black faux silk shirt, with just a hint of masculine chest hair, it gives me a look of studied insouciance while at the same time preserving the dangerous affect of the sophisticated male beast. In this ensemble, women frequently claw at me in unbridled passion. Link to comment Share on other sites More sharing options...
LongTimeLurker Posted December 23, 2018 Share Posted December 23, 2018 If she's travelling through Dubai / Abu Dhabi get it in the duty free there, or better still if she has a stopover, get it in the gold souk. Link to comment Share on other sites More sharing options...
LongTimeLurker Posted December 23, 2018 Share Posted December 23, 2018 On 12/22/2018 at 2:42 AM, YogaVeg said: Why? I've only sold in the US, but buyers have methods they always employ to test purity ect. Seems a simple stamp would be easy to counterfeit, aren't all gold buyers going to test the piece by other means than simply looking at a stamp? Great read, this thread. The first thing the jewellers in UK look for is the assay mark and thongkorn is right, they won't touch it without the assay. You can always have your gold assayed at the office in Birmingham though. Link to comment Share on other sites More sharing options...
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