webfact Posted August 23, 2019 Share Posted August 23, 2019 Gold expert recommends investing in gold for low risk, constant yield By The Nation Goldsmiths are embracing new technology to facilitate the needs of gold buyers, said Boonlert Siripattarawanich, president of the Thai Goldsmith Association and CEO of Ausiris. Gold is one of the most popular choices for low-risk investment with a constant yield, the CEO said. “Gold never loses its value no matter how long you keep it,” he pointed out. “Besides, the price of gold fluctuates very little compared to other commodities.” Boonlert provided some tips on investing in gold: “If you want to speculate, you should set your eyes on long-term holding and sell only when the time is right, which is normally around 2-3 times per year. Gold traders can earn up to 3 per cent of profit using this strategy,” he revealed. “Investing in gold in Thailand has never been easier,” Boonlert said. “Besides being able to buy gold at more than 7,000 shops throughout the country, the metal can also be purchased online via the Ausiris website, mobile application or even on blockchain,” he added. “We are committed to tailoring our services to suit the lifestyle of a modern society,” Boonlert said. Ausiris trades gold with neighbouring countries such as Laos, Myanmar, and Cambodia, he said. “However, free market policies employed by Vietnam and Malaysia could be tricky, since they allow new players to enter the Thai market and take a bite off our market share,” he added. If you are interested in investing in gold, check out the 64th Bangkok Gems & Jewellery Fair at Impact Muangthong Thani from September 10-14. Visit www.bkkgems.com for details. Source: https://www.nationthailand.com/news/30375237 -- © Copyright The Nation Thailand 2019-08-23 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
Bob12345 Posted August 23, 2019 Share Posted August 23, 2019 1 hour ago, webfact said: Boonlert provided some tips on investing in gold: “If you want to speculate, you should set your eyes on long-term holding and sell only when the time is right Sounds like a true expert. So basically you should buy low and sell high. Maybe he could write a book about this. Plus a part 2 for the stock market and part 3 for real estate. Just that 1 sentence in a book... it will surely sell well. Link to comment Share on other sites More sharing options...
fullcave Posted August 23, 2019 Share Posted August 23, 2019 A gold dealer will always advise that it a good time to buy gold. In fact, I've never met one that would recommend otherwise.???? Link to comment Share on other sites More sharing options...
BobBKK Posted August 23, 2019 Share Posted August 23, 2019 3%? Wooooow! a truly unbiased 'expert' Link to comment Share on other sites More sharing options...
RichardColeman Posted August 23, 2019 Share Posted August 23, 2019 Yep, tempt them grannies for their 500 baht temporary monthly dole out ! Link to comment Share on other sites More sharing options...
Redline Posted August 23, 2019 Share Posted August 23, 2019 There is no constant yield, and the market is now manipulated, so a little is fine, but it's not a solid investment. Link to comment Share on other sites More sharing options...
kiniyow Posted August 23, 2019 Share Posted August 23, 2019 I bought 75 Baht worth of Gold about 10 Yrs ago at 24 to 25,000 Baht per One Baht weight and I'm still Waiting for the time to sell....All Gold has done is Lose money for me... Link to comment Share on other sites More sharing options...
Inepto Cracy Posted August 23, 2019 Share Posted August 23, 2019 Never looses its value. Rubbish. The price is manipulated by the gold traders association. The price goes up at Chinese new year, Songkran and Christmas time. Then the price falls dramatically. So yes buy low and sell high is a good catch phrase. Gold not going up fastunlike the value of the money Baht. Link to comment Share on other sites More sharing options...
GeKoSc Posted August 23, 2019 Share Posted August 23, 2019 Before motivating buyer, he should dismiss his website expert and contract a real expert to do a new one. It is a mess to investigate and gather all required information based on the website before considering an order through the website. The scarce comentaries I received from this source when asking about some details of this business did not help to build up confidence. Link to comment Share on other sites More sharing options...
Stocky Posted August 23, 2019 Share Posted August 23, 2019 3 hours ago, webfact said: “Gold never loses its value no matter how long you keep it” Not exactly. Very much depends when you bought it! Link to comment Share on other sites More sharing options...
RocketDog Posted August 23, 2019 Share Posted August 23, 2019 1 hour ago, Redline said: There is no constant yield, and the market is now manipulated, so a little is fine, but it's not a solid investment. Absolutely correct. 'Speculating' in gold is for experts who became experts by losing money several times. However, investing in precious metals as a hedge against fiat currencies is just plain wise when part of a balanced portfolio. Calling them investments is missing the point. They are used to hold value, not increase it. If the 'price' of gold doubles it's simply because the value of the currency in question has halved. For a hundred years it's been true that an ounce of gold will buy you a quality tailored suit. On the other hand the value of a US dollar is only 5‰ of what it was in 1930. Link to comment Share on other sites More sharing options...
topt Posted August 23, 2019 Share Posted August 23, 2019 6 hours ago, webfact said: with a constant yield, the CEO said. What yield? One of the big negatives about gold is that there is no yield............. Link to comment Share on other sites More sharing options...
Naam Posted August 23, 2019 Share Posted August 23, 2019 8 hours ago, webfact said: Boonlert provided some tips on investing in gold: “If you want to speculate, you should set your eyes on long-term holding and sell only when the time is right, which is normally around 2-3 times per year. Gold traders can earn up to 3 per cent of profit using this strategy,” he revealed. a priceless revelation indeed. Link to comment Share on other sites More sharing options...
Caldera Posted August 24, 2019 Share Posted August 24, 2019 A gold bug who recommends gold, what a surprise! But constant yield? That's something even few gold bugs dare to claim, as it can be dismissed out of hand as nonsense. Link to comment Share on other sites More sharing options...
mania Posted August 24, 2019 Share Posted August 24, 2019 15 hours ago, kiniyow said: I bought 75 Baht worth of Gold about 10 Yrs ago at 24 to 25,000 Baht per One Baht weight and I'm still Waiting for the time to sell....All Gold has done is Lose money for me... You sure about that? There are roughly 2 baht weight per oz 10 years ago gold may have been $1000 per ounce but not per baht. 25,000 baht was roughly $757 10 years ago Link to comment Share on other sites More sharing options...
gamb00ler Posted August 24, 2019 Share Posted August 24, 2019 15 hours ago, RocketDog said: For a hundred years it's been true that an ounce of gold will buy you a quality tailored suit. On the other hand the value of a US dollar is only 5‰ of what it was in 1930. To determine that US$ is now only worth .05 you need to compare it to some standard of value because it is still worth exactly 1$. The USINFLATIONCALCULATOR website shows a 2019 $ as being equivalent to about .065 in 1930. Gold was $21 in 1930 or about $325 in current dollars. Gold has outpaced inflation by about 450%. Labor wages in 1930 were about .40/hr. Current wages would need to be .40/.065 ($6.15) to maintain the same purchasing power. Looks like despite inflation the standard of living has gone up since wages are mostly >> $6.15. Wages have outpaced inflation by a small margin. Link to comment Share on other sites More sharing options...
rumak Posted August 24, 2019 Share Posted August 24, 2019 the only thing in Thailand that has outpaced inflation is the asking price for a short time experience with a slim and sexy GOLD digger Link to comment Share on other sites More sharing options...
Curt1591 Posted August 24, 2019 Share Posted August 24, 2019 20 hours ago, webfact said: If you are interested in investing in gold, check out the 64th Bangkok Gems & Jewellery Fair at Impact Muangthong Thani from September 10-14. Visit www.bkkgems.com for details. Really! This isn't an advertisement. Really! ???? Link to comment Share on other sites More sharing options...
CPH Posted August 24, 2019 Share Posted August 24, 2019 With falling interest rates around the world gold could be a good investment now. Link to comment Share on other sites More sharing options...
Peterphuket Posted August 24, 2019 Share Posted August 24, 2019 I'm not sure about buying gold in Thailand, the gold in thailand is not pure 99,9% but as far I remember about 97%. So the price is always different when compare with real gold. Link to comment Share on other sites More sharing options...
mania Posted August 25, 2019 Share Posted August 25, 2019 15 hours ago, Peterphuket said: I'm not sure about buying gold in Thailand, the gold in thailand is not pure 99,9% but as far I remember about 97%. So the price is always different when compare with real gold. Yes Thai Gold is 96.5 but like all gold at the end of the day it is all calculated into prices/weight Thai baht weight is 15.2grams Link to comment Share on other sites More sharing options...
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