webfact Posted July 23, 2020 Share Posted July 23, 2020 Thais rush to sell their gold as price soars By THE NATION Thai gold shops are seeing a surge in customers after prices for the precious metal hit new highs of over Bt28,000 per baht weight for gold bar and over Bt28,500 per baht weight for gold ornament. The record prices have sent people flocking to gold shops in Bangkok’s Yaowarat area to sell their jewellery and ornaments, the Gold Traders Association reports. However, their numbers are still lower than seen at the shops in late April. Shops were benefitting from the lower customer numbers since their financial liquidity was not taking a hit, said association chairman Jitti Tangsithpakdi. This week, operators of gold shops have been able to pay sellers immediately, unlike in the April when they needed time to make cash before settling their debts, he added. Customers are selling about Bt10 million in gold per day at the Hua Seng Heng shop in Yaowarat, Thailand’s biggest gold dealer. Few are buying gold, except those speculating the price would reach Bt30,000 – which was quite impossible this year, according to the chairman. As of 4.30pm on Thursday (July 23), the price of gold had risen by $16.70 or 0.90 per cent, to $1,881.80 per ounce. Source: https://www.nationthailand.com/news/30391833 -- © Copyright The Nation Thailand 2020-07-24 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
tribalfusion001 Posted July 23, 2020 Share Posted July 23, 2020 The experts are saying buy gold, silver and bitcoin. Link to comment Share on other sites More sharing options...
Popular Post gillap Posted July 23, 2020 Popular Post Share Posted July 23, 2020 Well...gold is going above $2000 due the economical downfall of the US! Printing fake money is not the solution and that's all they know how to do...! The pattern is set...gold is going to see new heights this year... I am quite sure as gold is the best protection against hyperinflation!9 6 1 1 Link to comment Share on other sites More sharing options...
Popular Post rwill Posted July 24, 2020 Popular Post Share Posted July 24, 2020 a year or two from now they will be wishing they had kept it. 7 1 1 Link to comment Share on other sites More sharing options...
Popular Post petedk Posted July 24, 2020 Popular Post Share Posted July 24, 2020 1 hour ago, rwill said: a year or two from now they will be wishing they had kept it. I bought a lot of bars when it was at 18,000 Baht. Am I selling? No. It is a long term investment. I know the price could fall drastically as it did a few years ago, but the chance is worth taking. 2 1 Link to comment Share on other sites More sharing options...
NotYourBusiness Posted July 24, 2020 Share Posted July 24, 2020 6 hours ago, webfact said: Few are buying gold, except those speculating the price would reach Bt30,000 – which was quite impossible this year, according to the chairman. Let's revisit this prediction at year's end, shall we? 2 Link to comment Share on other sites More sharing options...
Peterphuket Posted July 24, 2020 Share Posted July 24, 2020 At the moment 28200, selling. Not bad. Link to comment Share on other sites More sharing options...
RichardColeman Posted July 24, 2020 Share Posted July 24, 2020 All very well, but you rarely see a poor gold shop owner 1 Link to comment Share on other sites More sharing options...
khunPer Posted July 24, 2020 Share Posted July 24, 2020 Sell gold and buy Thai stocks, some the latter are still cheap right now... 2 Link to comment Share on other sites More sharing options...
stouricks Posted July 24, 2020 Share Posted July 24, 2020 2 hours ago, petedk said: I bought a lot of bars when it was at 18,000 Baht. Am I selling? No. It is a long term investment. I know the price could fall drastically as it did a few years ago, but the chance is worth taking. No idea how old you are, but at what age should a 'long term investment' end? Link to comment Share on other sites More sharing options...
Paiman Posted July 24, 2020 Share Posted July 24, 2020 58 minutes ago, khunPer said: Sell gold and buy Thai stocks, some the latter are still cheap right now... Disagree, keep your gold, buy silver, palladium, may be platin. Thai stocks are cheap, but the lookahead is not bright. 2 1 Link to comment Share on other sites More sharing options...
pineapple01 Posted July 24, 2020 Share Posted July 24, 2020 Served me well for 30 Years but what do i know. Link to comment Share on other sites More sharing options...
khunPer Posted July 24, 2020 Share Posted July 24, 2020 12 minutes ago, Paiman said: Disagree, keep your gold, buy silver, palladium, may be platin. Thai stocks are cheap, but the lookahead is not bright. Only the future graphs can show, what was the right move; i.e. stocks or metals...???? Link to comment Share on other sites More sharing options...
petedk Posted July 24, 2020 Share Posted July 24, 2020 5 hours ago, stouricks said: No idea how old you are, but at what age should a 'long term investment' end? I'm at retirement age. I guess I will sell when I need the money 1 Link to comment Share on other sites More sharing options...
pineapple01 Posted July 24, 2020 Share Posted July 24, 2020 4 hours ago, Logosone said: Gold will keep going up. At least to 1921, but maybe beyond, though it's not clear it will crack 2000. There may be a correction on the cards soon though as the dollar recovers a bit. Silver definitely worth a look as well though. 1921 1 Link to comment Share on other sites More sharing options...
Popular Post worgeordie Posted July 24, 2020 Popular Post Share Posted July 24, 2020 I advised my wife to sell, but no way,she just keeps it locked up in the safe, brings a couple of pieces out for a funeral or wedding,maybe she's right, cash it in and put it in bank and get .50 %,does not even cover inflation. regards worgeordie 4 Link to comment Share on other sites More sharing options...
david555 Posted July 24, 2020 Share Posted July 24, 2020 8 hours ago, petedk said: I bought a lot of bars when it was at 18,000 Baht. Am I selling? No. It is a long term investment. I know the price could fall drastically as it did a few years ago, but the chance is worth taking. 2/3 Weeks wait for delivery when ordering in Europe ….. strange as before just walk in for current bullions Schiphol Airport Gold dealer Shop with storage facilities https://www.amsterdamgold.com/en/ Link to comment Share on other sites More sharing options...
Jessi Posted July 24, 2020 Share Posted July 24, 2020 Gold price in Thailand today. Today Gold Price per Baht in Thailand Current Price: ฿29,454 THB Bid Price: ฿29,451 THB Ask Price: ฿29,457 THB Today Low: ฿29,160 THB Today High: ฿29,559 THB https://www.google.com/search?q=gold+price+in+thailand&rlz=1C1GCEA_enTH911TH911&oq=gold+price+&aqs=chrome.2.69i57j0l7.9252j0j8&sourceid=chrome&ie=UTF-8 1 Link to comment Share on other sites More sharing options...
metisdead Posted July 24, 2020 Share Posted July 24, 2020 A post containing a copyrighted graph that was copy and pasted from that site with no supporting link has been removed: 14) You will not post any copyrighted material except as fair use laws apply (as in the case of news articles). Please only post a link, the headline and the first three sentences. The replies to that post were removed as well. Link to comment Share on other sites More sharing options...
pineapple01 Posted July 24, 2020 Share Posted July 24, 2020 Cost em more to buy it back later. 1 Link to comment Share on other sites More sharing options...
david555 Posted July 25, 2020 Share Posted July 25, 2020 (edited) 7 hours ago, Jessi said: Gold price in Thailand today. Today Gold Price per Baht in Thailand Current Price: ฿29,454 THB Bid Price: ฿29,451 THB Ask Price: ฿29,457 THB Today Low: ฿29,160 THB Today High: ฿29,559 THB https://www.google.com/search?q=gold+price+in+thailand&rlz=1C1GCEA_enTH911TH911&oq=gold+price+&aqs=chrome.2.69i57j0l7.9252j0j8&sourceid=chrome&ie=UTF-8 Beware different % Gold than western bullion ....selling in Western country shall apply to lower value receiving when selling with "re-refining need excuse" ???? But for inside Thailand a very good option ???? Edited July 25, 2020 by david555 Link to comment Share on other sites More sharing options...
Jessi Posted July 25, 2020 Share Posted July 25, 2020 36 minutes ago, david555 said: Beware different % Gold than western bullion ....selling in Western country shall apply to lower value receiving when selling with "re-refining need excuse" ???? But for inside Thailand a very good option ???? We are talking Gold price in Thailand for Thai Gold???? Link to comment Share on other sites More sharing options...
david555 Posted July 25, 2020 Share Posted July 25, 2020 1 hour ago, Jessi said: We are talking Gold price in Thailand for Thai Gold???? I know.... just warning that western gold shops are not keen on it ...or against a big price lowering???? (In case of some thinking assets moving by cercumstances ...????) Link to comment Share on other sites More sharing options...
Leaver Posted July 25, 2020 Share Posted July 25, 2020 On 7/24/2020 at 12:12 PM, khunPer said: Sell gold and buy Thai stocks, some the latter are still cheap right now... Many are selling gold to buy food. They can worry about buy Thai stocks later. 1 Link to comment Share on other sites More sharing options...
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