Purchasing Gold

Other Jewelry, what are the methods of purchasing gold in Thailand, using cash?

http://www.perthmint.com.au/investment.aspx

Ray. may not be axactly what you are after but has a purchase program that is used by investors the world over.

cheers..

What's the matter Ray, thinking about pulling your cash out of U.S. banks and buying gold?

What cash? Just a little each month is what I'm looking for

Just a thought, but you might ask at a gold shop or two. The main tricks are to get pure enough gold and to avoid the jewler's charge for working the gold into jewlery.

Bars

1 oz. ingots was what I had in mind. I have located one source in Bangkok that sells to jewelers but no repsonse yet.

Yes, last time I went to buy about a year ago in Atlanta's Chinatown they had sold out.

Well like most things it's probably around just got to find it the search is on.

By the way the only gold bars they traded in was Credit Suisse and Swiss Pamp Gold Bars. Hope you have better luck than I did,

If you buy Thai gold in the form of jewlery,you will have invested in gold!Hold on to the sales certificate and when you sell it ,they difference is no more than the commission from an ingot broker!This is fast and liquid market!
I would wait until the current trend stops because gold speculators are leveraged out with credit also and there still might be a lot of bailing out ahead!

Even when the trend downward is diminished ,I wouldn't expect immediate continuious upward movement as before the credit crunch because credit to buy will still be limited.
It really depends whether they can control inflationary pressure from all the extra money thrown into the banking system to maintain the credit core of loans between banks!

Well I suppose the bank around the neck has worked for years here

Don't see why it wouldn't now.

Yes it does seem to be going down at the moment, so I'm just doing research at the moment. I was thinking in the terms of purety and storage.

Eventually I think they will have to let the market take it's limps, but time will tell.

I have found that gold jewelry in Chinatown USA from Vietnam is a higher quality than Thai gold. I always buy some and sell it in Thailand I get a better price.

You can go to almost any gold shop in Udon and buy 1, 5, and 10 baht weight ingots. They are sold at whatever the spot market is for the day. They also buy.

The spot market is ~10,750 baht/baht weight.

If you think gold is going to appreciate than it can be a good investment.

I bought 10 baht weight and made 20,000 baht in a few months. Of course it's also possible to loose.

I agree the credit crunch is going to bring a lot of opportunities.