:) Gold is Gold and its good.... as far as investment goes it does not matter where you buy it.... you buy low and sell when higher lol sell after ELON does something foolish or some one launchs a war or stock market crashs. basically if the world secure then the trend lower... if the world in a mess it trends higher.... but price should be the same for all... but it can change minute by minute according to gold exchange. in somewhere like thailand though where banks once were bad then gold was alwys safe hense the tradition of people literally wearing there saving on them and thai jewelry pure as 21k is pure just like a bar.
Elon does something foolish? Are you referring to Elon Musk the wealthiest man in the world who built Tesla into a powerhouse, built SpaceX, mostly brought freedom of speech back to Twitter after buying it, and is going to be mass producing robots in the future? Maybe everyone could be so foolish.😊
@@grahamjohnson4702 I don’t wish to be argumentative but it’s not the purest. The Thai’s use and prefer 23k (karat). 23k is approx 96% pure. Gold bullion is always 24k which is 99.something. 24k actually means, 1 part of 24 includes other alloys. Therefore 23k means 1 part in 23 includes other alloys i.e. less pure. There’s nothing wrong with the gold here in Thailand if you buy from a reputable dealer. However, if you study the spot price of gold, there’s a different rate for 24k, 23k, 18k or 9k accordingly. 24k is generally considered too soft for fine jewelry - therefore here they prefer 23k (still very soft but not quite as pliable. I love gold as a store of value. It’s not something you buy in order to flip should the price increase. It’s a commodity to hold for the long term.
Definitely do the 1k baht day. My wife and I do 1.5k each regularly when on holiday to compare with UK prices - 3 meals, few soft drinks on the beach with a sunbed, a few beers and a massage, and change left over!
Enjoyed this vlog, Trev. I bought 6 ounces of gold (Britannia coins) a few years back. I got in when the market was around £1250 an ounce. I just checked today's price and it's around £1910, so I am up over 50%. Please note, that anyone who is UK-based, and wishes to invest in gold, buy Britannia's, they are free of Capital Gains Tax (CGT). Buy anything else, any profits are liable for tax. 👍
there is a 2 priced tier system as far as gold prices go just like every thing else in Thailand , i experienced that a few trips ago when i walked into a gold shop asking about a certain item then i got a thai person to go in a few hours later asking about the same item and it was a lot cheaper for them
For those trying to compare things.....Gold bullion sold here is not 100% pure (24 Korat) it is 23 Korat or 96% pure. One baht of gold weighs 15.224 grams or slightly less than 1/2 a troy ounce. You can buy bars at 1, 2, 5 and 10 baht in most larger shops. Check the weight and keep the provenance docket they give you. Very few shops have assay equipment to check the purity so research a few of the brands on sale, there are dodgy dealers around.
Interesting topic. Hard to sell in the West due to unusual purity. 96.9 or thereabouts? I had issues selling some as the gold buyer struggled to identify the purity. I find that the Google Translate camera function is pretty good: Translates signs and menus quite accurately.
Wow Trev gold my favourite topic I have OCD and check gold prices about 4 times a day. Been stacking for about 5 years future for gold is very exciting too big a topic to talk about here
Gold typically is a fairly safe option but not better than many other options, over time it will rise and fall with inflation. you mentioned 2 or 3 times that over about 12 years you would double your money. this was the case for the period mentioned in fact it was slightly better. However ETF's would also have returned a very similar or even better return as would buying bricks and mortar in certain places. good luck with your investment it will be fine. the nice thing about buying gold is it is a sexy product to own!
Gday T great vlog mate. Catching up 😀. Yeh gold mate l first invested in 1983 gold was 320 aus an ounce. Now it's 3600 so yes gold is a stable investment.🙂👍
You did good, even if the price dropped 50% you still own the physical gold. And gold has never gone to zero. Even if you dont get rich off it, your daughter will.
Gold and bitcoin (like digital gold) are alternative forms of money which differ from fiat currency (e.g., THB, USD, Euro, etc) in that they are not debt based. Gold and BTC are mined into existence, while fiat currency is borrowed into existence (i.e., new fiat currency is created by banks from nothing when they issue loans). The ease with which unlimited amounts of fiat currencies can be created (by borrowing) and spent by politicians and government bureaucrats results in these currencies losing an average of around 14% of their purchasing power each year; this is because the pace of currency creation is greater than the pace at which goods and services are created. Gold and BTC may provide some protection against this currency debasement.
Gold was around B20,000 in 2018 .Being B40,800 now is a great increase.When i had money though its something i never thought of at the time .I know though that the value can stay stagnant for a couple of years or even go down.Its not something to put all your money in ,but as part of your profolio .The little 5 Baht bars look cute .Now worth B204,000 .
I'm not an expert or anything but from what I've heard the value of gold stays pretty much the same, but it's the value of money that drops. So buying gold is like making your saved money safe from inflation
Not a bad idea to have ten percent of your wealth in gold as part of a diversified portfolio. It’s never going to shoot the lights out but it’s always going to be a hedge against inflation for the money invested
@@Buzzinpattaya although it has been going gangbuster year this past year for sure … up to 2500 USD / ounce for a record high . Geopolitical concerns and huge buying by central banks has bucked the usual dreary slow paced trend. Silver has not really kept pace , back well below the highs of 30. Both are still Up over 20 prevent the past twelve months . Can they keep this going ?
If you buy at the right time it makes a good backup investment and a great way to diversify your portfolio bought many one-ounce nuggets of gold fairly good prices years before but not for profit as such but more of a SHTF backup if everything else goes down. But now with the high prices it is more of a risk but not so much if you want something physical instead of cash or crypto.
Welcome to the world of dabbling (even if modestly) in gold. If you wonder whether you’ve done the right thing, ask yourself one question. What is Fort Knox, the vaults in the Bank of England full of? It ain’t paper money ( fiat as it’s known) and it certainly ain’t a number in a piece of paper like crypto currencies are. It’s gold - the only real currency. I’ve dabbled in it for years and it’s always done me proud in the medium to long term. In the UK at the moment gold is over £1900 an ounce. Just a few short years ago I was buying it at £1300. And you’ve done the right thing by buying ingots or bars. Jewellery is obviously more expensive due to the craftsman’s time involved. The price above spot is the premium you pay. You’ll struggle to get that premium back. As a beginner, stick to bars or ingots. You’ll know exactly where you are with price when the time comes to sell. If it dips, hang on to it. The price will recover and more. I collect mainly sovereigns here in the UK. Easy to liquidate as they’re internationally recognised. Enjoy!!
As a professional trader I see this all the time. People always talk about these things when they are at all time highs which gold is right now at over $2,400 an ounce. it was $400 an ounce 20 years ago and as others have said it is good to have as a hedge against inflation. However unlike equities which can pay quarterly dividends giving you a nice extra income, Gold doesn't return anything to you. Gold hit almost $2,000 in 2011 then fell back to $1,000 by 2015, peaked again at $2,000 in 2020 then fell back to $1,600. So please don't think that if you invest it will just tick up week by week because even with the best investments, nothing goes up in a straight line so you must be prepared to see your investment fluctuate quite a lot!
I have some gold , wish I had more but it’s ok , wear some , keep some .. it will continue to rise in value for sure but maybe at a slower pace .. but can never be too sure ..
With the way things are going gold is a very viable option. I have been considering it in Thai gold for a while. Making money is dollars and converting into Thai gold doesn’t sound like a bad idea. Question..are there safety deposit box options in Thailand? I’m gonna google it but I think that would be something to look into. If you have any clue I’d love to hear. Thanks!
Gold is a precious metal, it will keep going up over time, especially now with the pending world economic crisis and hit war in Middle East possibly in Ukraine and China see which all may happen in the next few months, however it’s generally a long term investment. Also the US dollar reserve currency is under great threat with also the rapidly growing BRICS. I would therefore say that gold is a very good investment, but you need to be able to sit on it for a few years. It’s highly unlikely you can invest in it, unless you have a lot of spare money invested, that it’s going to pay back well in a few months. Hope this helps.
It's best to have a diversed investment portfolio which can include Gold and ETF's especially something like an S&P 500 fund which is always a consistent performer if you wish to invest for 7 years plus. The investments you should reflect your stage of life and your risk tolerance.
Remember Gold is priced in $ on the spot market. Often the price goes up in $ but is offset by the $/THB exchange rate so you need to take that into consideration. Usually gold and $ have an inverse correlation so the fact that gold has gone up in THB terms shows that gold is in a very strong bull market right now. Thai gold is as good as any in the world. I buy Bahts which is approx equal to 23K. The spread is excellent at only 100baht. Even when you add in the commission, usually 250 baht (Aurora) it is still better than most countries. Remember the commission is only applicable when you buy, not when you sell, ( again Aurora). Dubai used to be the a great place to buy before the introduction of VAT. I view it as an insurance rather than an investment so the fact that it has increased in THB terms is a bonus. Always remember, for ETF's "If you don't hold it you don't own it." Always buy at a reputable dealer and when you sell always sell back to that dealer to avoid any possible Assay costs.
For me, I will be buying some Thai Gold. I am from Hong Kong, and there I have a reasonable amount in HSBC gold ETF of which I have gained 30%+ in the last year and I anticipate more appreciation in the short term. (why ETF vs physical gold? It is liquidity, where I can buy and sell in a quick manner and with low commissions/premiums). Which brings me to Thai gold, it has low premiums (relative to the current spot price) and more importantly, it is liquid where i can go to the many gold stores in Pattaya and buy or sell. Since I come to Thailand a number of times a year I can sell Thai gold to fund my trip. The base assumption to this idea is that gold prices will go up. This I believe is happening as the US are set to lower interest rates which impacts the price of gold. Added to this, the BRICS nations esp China has been buying a large amount of gold. Trevor: in the time you made this video, I see that gold has gone up 2%. The last point here is I believe the Thai baht will depreciate relative to the USD which mean my Thai gold will get more Thai Baht in the future, (this depreciation I see as being a function of the sluggish Thai economy) Thanks for the video, now I know where to go in PTY to buy gold.
@@hkdaddy3326 can I say that should you want to buy gold, it’s better to buy in Yaowarat in Bangkok, than Pattaya. You can buy gold at spot without commission. Their profit is taken on the spread.
@@Silo65 That is great, my friends here are saying the same thing, as I want to buy fractions of a gold baht and redeem them as I need. The location you mentioned, is that Chinatown? I am told that is the area to go. Thanks for your help.
there used to be a Bangkok Bank office set up close to the entrance to Walking Street where you could go in and open a account even with a tourist visa
If you haven't got it you don't own it spot price on the day I took home a 1 baht bar from my holiday in march it's already gone up a fair bit with politicians pushing for war it might be handy to have some gold on hand 🖐 😊
I found a good gold dealer.. really close to where you bought your gold…I always use the same dealer….for buying and selling gold…. Find a good one and stay with them…. I’ve made a few hundred thousand baht with gold in the last few years with gold… right now I sold it all …. Gold is up right now… I’m waiting for it to come down a little bit… then I’ll buy another 20-30 baht….. you need to have patience for it to pay off…
I've never understood how these gold shop owners make any money. A 200 thb commission on a 40,000 transaction. They'd have to be hugely busy to make any profit each day. I know someone gonna chime in with 'All the bar girls running to a gold shop to sell the new bracelet given to her by a love-sick farang'...🙄 Just a point to mention: the standard of fineness of gold in Thailand is lower than in the west. 965 compared to 999. Although not impossible, anyone wanting to sell Thai gold in the UK will be offered a lower price due the difference in purity. Thai gold is probably still a safer long term asset, rather than opening a beer bar😆
Most decent Savings Accounts back in the UK are paying 5%+ with risk factor of 0. Is that rate from Kassikorn normal for Thailand or are they chancing it like the major banks over here? 😁
I have financed my last few trips to the Kingdow from crypto trading. It is NOT easy and research as well as intuition play a big part. Yes it's the wild west of investing and yes it's risky. But the gains are way beyond what gold or traditional stocks can yeild.
@@Buzzinpattaya Interesting language use. . . You are quite the Brit you are😸. . . and I DO love your accent! And how you use the language with such candor and wit. It's like what you said in this video about using agents to set up a bank account - and I much agree- that, "They charge a fee. . yes. but they have to make a living too". The magic of crypto is that it is still almost not regulated at all. . . So the bottlenecks the traditional stocks, gold etc big wigs set up against us since Jeckle Island with Chase n friends in 1913. . . are almost not even there. . . As such. . . more of the "living" one makes comes back to you. . . much much less to them.
Totally agree with you! Bikes, tables, stalls , stands, junk, and garbage bins strategically placed to stop you parking ! (That is also illegal but??) I won't go to anyplace that does this! -Which is quite a lot! Screw 'em!
gold price is normaly displayed in the shop thats the price you pay the prices are based on the gold price so they change several times a day , investing in gold is like investing in anything , its gambling only put in what you can afford to , yes historically gold has pretty much always gone up however it did crash in 2013 when it lost 30% of its value(but gained it back within 4 months) ..........thai gold is sold in Bhat weight a Bhat of gold is 15.24 grams roughly half troy ounce , gold is measured in troy ounces and a troy ounce is 31.1 grams , lots of thais buy jewlery as thai gold is almost pure gold at 23karat .......you will pay more for gold jewelry compared to gold bars though due to the labour costs of making it , gold coins are another option but thats another rabbit hole LOL ..if you wanna compare it to the bank accounts you mentioned then gold this week has gone up 1.28% in value and the yearly change is 27.63%
Hello Trev, enjoyed doing what you do. Walkabouts. And gold is a good investment .We differ here though my gold investment is Bitcoin I buy Satoshi’s there’s 100.000,000 in a Bitcoin. I buy from an Exchange.. Something to have a look at mate.. Or not at the moment.. Cheers Buddy JC.😊
Gold is not an investment, it's a store of value, and there's a distinction! Gold is currently increasing in value however, buying gold is more a protection, or hedge against inflation.
Gold is a long slow game. Some years it goes up 20% but most years it goes up nothing. That said it has doubled in the last 8 years. US Stocks are up well over 100% in last years.
As it becomes clearer to the majority that societies across the world will become cashless, Gold will skyrocket! It's why it's so high now. It will become the "underground" form of transactions.
Gold is a store of value ie it reflects the state of the economy gold goes up and down in price but generally over long periods of time it goes up where does this change gold goes up if the stock market crashes or times of war I am expecting gold prices to rise to 3k US per once by the end of the year which I will sell also I expect silver to rise I also use gold as a safety net when travelling ie a coin which I can transfer to any currency done it for years
1.65 is AWFUL! 5.5% in a tax free isa uk. 10% roughly if you invest in s&p500 tax free in a isa in the uk on all capital gains and dividends unless us stock they take 9-15% of the dividend there. Leaving it in Thailand seems the very worst idea
10% of monthly salary . Mixed metal gold, silver so on. Diversifying is the best way . 6 months expense in bank . 3 months in safe. Then invest . Metal investing is keeping your money . Not to make money .😉
Bought a bracelet as the price is the value weight of metal plus a small amount for labour much less than in uk. Sold it when bored of it 2 years later in 2024 made £400.00 profit. for investment s&p500 is far, far better gold does not earn anything. gold protects you from inflation which commodities rising and currency value falls. it wont make you rich tho
There’s plenty on videos on RUclips about buying gold in Bangkok,but I didn’t realise that shops outside of Bangkok charged more,and once that shop has put its mark on it no other shop will buy it you have to sell it back to the shop you bought it from
Why buy/trade PHYSICAL gold as an investment when you can invest in gold online via an ETF? The fees are smaller, you don't need to store the gold or carry it or physically trade it, somebody else does all that. You just pop your PC or phone on and click buy or sell.
Absolutely correct, a gold ETF is the intelligent way to go for an investor looking to diversify their portfolio. Gold is quite high at the moment though, long term it will be fine, but short term I see the price falling mildly as the output from mines increases dramatically.
I see gold a solid investment that is a hedge against inflation, but, unless you actively trade it, it won't make you rich. Plus, if you buy physical gold, you have to have a secure place to store it no one will know about. I forgot the exact numbers you used, but I think you said when you got there 11 years ago you could have got a baht for about 20k and now you can sell it for about 40k. Doubled your money or 100%. Annualized out that it is less than 10% gain per year. So, it beats inflation, but you would do much better investing in the stock market. Still an informative video, but too much time walking around. Could have cut this video in half. Thanks for the info.
In my opinion, Small investment ok, but large investment being kgs, i would not, reason being you just cant trust the sellers theres all kinds of scams, in the west we can call the cops but in asia its just to bad. Not worth the risk
23 years ago, gold was $271/Troy ounce. Today it's $2500, 90,000 Bhat/Troy Ounce. Over 9 times your money in a little over 2 decades. I mean, it's no Bitcoin, but that's an incredible return on investment. I'd guess those times are long over for gold. But, if you can buy gold in Thailand for 50,000 Bhat/Troy Ounce or less, you'd almost double your money just by selling it overseas. How much gold are you getting for that 40,800-40,900? How much is a "bar," in terms of Troy oz.?
15.4 grams of gold. Thank you for that. A Troy ounce is 31.1 grams. So, some math. At 36 Bhat per US Dollar, 1 Troy ounce is worth $2500/90,000 Bhat, as mentioned. A Thai gold Bat is 49.51% of a Troy ounce, so it should be worth 44,566 Bhat, rounded up. If you can buy it for under 41,000, as Trev mentioned in the video, you'd be making 3500 Bhat per Bat, or about $100 per Bat. If that's actually the case, and you could find both a supplier in Thailand and a buyer overseas at actual price, you could literally make a fortune in a very short time. Unfortunately, in my experience, buyers at best offer 80% of spot price, so they'd be offering $2000/72,000 Bhat per Troy ounce, which means you'd have to buy the gold in Thailand for under 35,600 Bhat to make a profit currently. At almost 41,000 Bhat per Bat, you're betting heavily on gold climbing to 51,250 Bhat per Bat, or $2875.00 US to actually make a profit. Seems like a really bad investment to me. I'm not saying gold won't get that high, it might, but even at $3000/oz, you'd be looking at minimal profit unless you were already a billionaire and had a ton of money to invest. For those of us who aren't billionaires, and who'd be investing thousands of dollars, the profit would be counted in the tens of dollars. Even if I had $2700 to invest in 2001, I'd only have made $24,000 today if I sold, affording me a couple good vacations, but a light-year from being rich. You have to have money to make money. I'm closer to being a billionaire than Elon Musk, Bill Gates, or Warren Buffet. And I have far, far less than a million dollars to my name. The game is rigged. And people who think gold is a good investment at $2500/oz are completely delusional.
Commodity's works- not like this. If you hold on to any commodity that long fluctuations in the market remove your margin. Eg. Energy prices 15 years ago. You're definitely confused and describing crypto.
The gold belongs to mother earth and not to us. So much rainforest is killed and soil pulluted with mercury, nothing will grow there for centuries. When my Thai family talks about it Isay "Buddha said it is not good for your Karma if you make othe people jeaulous" ... ;)
Always buy investments like gold when everyone is scared and the trend has turned down overtime. Buying now is risky because it’s all time highs. I think there are better investments. I’m still buying gold for my wife because that’s what she wants 😂😂😂 We’ve been buying for three years and she’s never selling. That is as long as I’m buying 😂😂
For bank account You need letter stating where you live I e a yellow book if you have a house with your wife You need a visa like retirement visa with a letter from immigration verifying your passport A marriage certificate And a drivers license at some banks Just opened my second bank account this year
I should add the letter from immigration must be from the same immigration office you got your visa Even though immigration is immigration in other countries each Province in Thailand do not like getting involved with another province So you get your visa in Pattaya get your letter of verification in Pattaya any other province will refuse to give the letter, it must be procured at the visa issuing office Oh by the way a retirement visa do it on your own it’s only $1,800 Thai baht agents are as much as $40,000 Thai baht
I should add the letter from immigration must be from the same immigration office you got your visa Even though immigration is immigration in other countries each Province in Thailand do not like getting involved with another province So you get your visa in Pattaya get your letter of verification in Pattaya any other province will refuse to give the letter, it must be procured at the visa issuing office Oh by the way a retirement visa do it on your own it’s only $1,800 Thai baht agents are as much as $40,000 Thai baht Agents are good if you find it a little confusing, and looking on line can be mind boggling, so go to immigration and ask if your polite smile keep your cool it only takes a couple of hours
I must add $1,800 if you do it yourself and it’s very easy I think one stop visa when I was after my first retirement visa was in the high $20,000s of Thai baht My money is better in my pocket But there are people that can’t get their head around the requirements. Immigration will give you the form and explain the requirements you need passport , bank account , verification if residency in Thailand and perhaps marriage certificate ( it helps) $1,800 Thai baht My wife and I have a very nice holiday on the savings each year But you do need money in the bank $400,000 Thai baht for a marriage visa , $800,000 for a straight retirement visa for one year
Hi Trevor it's Michael again i forget to ask you do you know Pumpui Pattaya Taxi because i'm friend in Facebook with the owner she's nice and i read a lot a review and she give a excellent service from the Bangkok Airport to Pattaya city you can book in advanced from Chateauguay and they will be waiting in the arrival #3 in second floor they wiil be a driver waiting with your name on a board to pick you up so do you know them?🙏🙏🙏
Gold is ok but Bitcoin is better. You cant verify Gold yourself and the supply is unknown. Also you cant bring it anywhere and costs a fortune to store. You can literally cross borders with 1 billion dollars worth of Bitcoin for example just remembering 12 words
complete garbage , look at the history of gold that you can hold in your hand and compare it to bitcoin that is basicly nothing , if your moving billions across borders easy as that why are drug dealers still caught with millions in cash all the time
@@BuzzinpattayaThe bank investments & bonds are a scam, the rate of inflation is 4 or 5 times higher than any rate you get from them, so your investment is actually getting devalued.
Agree 99%. The other 1% disagreement is based on Thai culture using gold as currency. Currently, there aren't enough merchants and service providers accepting bitcoin... yet.
So here is the thing with gold. Scarcity is what creates value. No one actually really knows how much gold there is in the ground. It also has very limited commercial use.
Price limits golds application for industrial use if it was as cheap as silver it would probably be used in endless applications, as is silver. Platinum is used in many cancer treatments strangely so there's probably a lot more uses to precious metals than we currently understand. I'm still in disbelief on the origin of gold which is said to be from a meteor strike and not formed on earth but from a supernova. There are even groups who believe humans were placed on earth to mine gold and when there is little left in ground then our use is up. That is believed to be soon. Once you hold a piece of 999.9 gold in your hand there is definitely something about it that's deep within.
Better have gold than cash for sure. But it has to be real gold you can hold yourself. Not stocks in gold. Gold has real life use in electronics and costs more and more to mine so I guess that’s what gives it a value. Someone told me look at the Indians. They cover themselves in gold and have nothing in the bank. Smart
the con was a money printing yes gold is the safe bet ........ gold.. or paper fiat its not money gold is money ..... reset soon gold will make you rich god bless
Gold is the money of Kings and silver is the money of gentleman. There's a lot more gentlemen out there than Kings. And most of them are foolish enough not to own any silver. That's likely to change. I would never buy Chinese gold in Thailand. How much tungsten is in it?
Agree. Never buy Chinese gold. Seen videos where they break the small gold bars and you see an alloy in there. Not pure gold. They even paint the bars gold! Don’t trust anything Chinese. Lots of copies. Fakes. They are good at it. I know from living in China for three years.
:) Gold is Gold and its good.... as far as investment goes it does not matter where you buy it.... you buy low and sell when higher lol sell after ELON does something foolish or some one launchs a war or stock market crashs. basically if the world secure then the trend lower... if the world in a mess it trends higher.... but price should be the same for all... but it can change minute by minute according to gold exchange. in somewhere like thailand though where banks once were bad then gold was alwys safe hense the tradition of people literally wearing there saving on them and thai jewelry pure as 21k is pure just like a bar.
Cheers mate
@@12bigredd Thai gold is not pure. It’s 23k not 21k. It’s about 96% pure.
@@Silo65 No gold is pure, but Thai gold is amongst the purist
Elon does something foolish? Are you referring to Elon Musk the wealthiest man in the world who built Tesla into a powerhouse, built SpaceX, mostly brought freedom of speech back to Twitter after buying it, and is going to be mass producing robots in the future? Maybe everyone could be so foolish.😊
@@grahamjohnson4702 I don’t wish to be argumentative but it’s not the purest. The Thai’s use and prefer 23k (karat). 23k is approx 96% pure. Gold bullion is always 24k which is 99.something.
24k actually means, 1 part of 24 includes other alloys. Therefore 23k means 1 part in 23 includes other alloys i.e. less pure.
There’s nothing wrong with the gold here in Thailand if you buy from a reputable dealer. However, if you study the spot price of gold, there’s a different rate for 24k, 23k, 18k or 9k accordingly.
24k is generally considered too soft for fine jewelry - therefore here they prefer 23k (still very soft but not quite as pliable.
I love gold as a store of value. It’s not something you buy in order to flip should the price increase. It’s a commodity to hold for the long term.
Gold, Silver, precious metals are precious for a reason. Paper burns in a flash 🔥
Keeping it real as always Trev, carry on my man! 👊
Cheers mate
Gold can be a good investment if you buy it for yourself ,If you buy it for a thai women "not so much".
Yeah soon gone lol
Definitely do the 1k baht day. My wife and I do 1.5k each regularly when on holiday to compare with UK prices - 3 meals, few soft drinks on the beach with a sunbed, a few beers and a massage, and change left over!
okay mate
Enjoyed this vlog, Trev. I bought 6 ounces of gold (Britannia coins) a few years back. I got in when the market was around £1250 an ounce. I just checked today's price and it's around £1910, so I am up over 50%. Please note, that anyone who is UK-based, and wishes to invest in gold, buy Britannia's, they are free of Capital Gains Tax (CGT). Buy anything else, any profits are liable for tax. 👍
Wow mate brilliant
You will never go wrong with gold. Keeps it's value, better than keeping your money in the bank.
Cheers mate
You can also invest in cryptocurrency XRP. You won't be sorry. Will double it's current price over the few months.
Current price is $0.57 US
there is a 2 priced tier system as far as gold prices go just like every thing else in Thailand , i experienced that a few trips ago when i walked into a gold shop asking about a certain item then i got a thai person to go in a few hours later asking about the same item and it was a lot cheaper for them
wow really
i guess the item wasn't a gold bar, correct?
@@carstensanonym7527 correct
For those trying to compare things.....Gold bullion sold here is not 100% pure (24 Korat) it is 23 Korat or 96% pure. One baht of gold weighs 15.224 grams or slightly less than 1/2 a troy ounce. You can buy bars at 1, 2, 5 and 10 baht in most larger shops. Check the weight and keep the provenance docket they give you. Very few shops have assay equipment to check the purity so research a few of the brands on sale, there are dodgy dealers around.
Thank you
Ya..was thinking the same🤔 how pure is it??
Paying 3%-5% more from a trusted source than getting a "good deal" feom unknown seller to later find out its fake or plated and you overpaid by 100%.
Interesting topic. Hard to sell in the West due to unusual purity. 96.9 or thereabouts? I had issues selling some as the gold buyer struggled to identify the purity.
I find that the Google Translate camera function is pretty good: Translates signs and menus quite accurately.
Wow thank you for sharing
Wow Trev gold my favourite topic I have OCD and check gold prices about 4 times a day. Been stacking for about 5 years future for gold is very exciting too big a topic to talk about here
Nice one mate
Gold typically is a fairly safe option but not better than many other options, over time it will rise and fall with inflation.
you mentioned 2 or 3 times that over about 12 years you would double your money. this was the case for the period mentioned in fact it was slightly better.
However ETF's would also have returned a very similar or even better return as would buying bricks and mortar in certain places. good luck with your investment it will be fine. the nice thing about buying gold is it is a sexy product to own!
Thanks mate
sept 2008 my first trip gold was12k a thai baht 50 thb to the Euro, Now 38thb for a Euro and gold at 40k. You wont go wrong Trev.
Wow cheers mate
Its a long game, the more paper the world prints the higher gold goes. That said, gold can be flat or down for years.
Gday T great vlog mate. Catching up 😀. Yeh gold mate l first invested in 1983 gold was 320 aus an ounce. Now it's 3600 so yes gold is a stable investment.🙂👍
Nice one mate that's fantastic
You did good, even if the price dropped 50% you still own the physical gold. And gold has never gone to zero. Even if you dont get rich off it, your daughter will.
Cheers mate
Gold and bitcoin (like digital gold) are alternative forms of money which differ from fiat currency (e.g., THB, USD, Euro, etc) in that they are not debt based. Gold and BTC are mined into existence, while fiat currency is borrowed into existence (i.e., new fiat currency is created by banks from nothing when they issue loans). The ease with which unlimited amounts of fiat currencies can be created (by borrowing) and spent by politicians and government bureaucrats results in these currencies losing an average of around 14% of their purchasing power each year; this is because the pace of currency creation is greater than the pace at which goods and services are created. Gold and BTC may provide some protection against this currency debasement.
Cheers mate
Gold was around B20,000 in 2018 .Being B40,800 now is a great increase.When i had money though its something i never thought of at the time .I know though that the value can stay stagnant for a couple of years or even go down.Its not something to put all your money in ,but as part of your profolio .The little 5 Baht bars look cute .Now worth B204,000 .
Look at gold between 1980 and 2005. It made nothing
@@carlyndolphin My Thai GF bought gold late 2017 and sold late 2018 ( if i remember correctly ) and made a small loss .
Yeah massive increase
@@Buzzinpattaya not to say it will continue. Look at the past 40 years returns it’s been awful
Great investment over the years
Thank you
I'm not an expert or anything but from what I've heard the value of gold stays pretty much the same, but it's the value of money that drops. So buying gold is like making your saved money safe from inflation
You are more expert then 99.9% of others out there
Thank you
Good advice Trev. Thanks.
Cheers mate
Not a bad idea to have ten percent of your wealth in gold as part of a diversified portfolio. It’s never going to shoot the lights out but it’s always going to be a hedge against inflation for the money invested
Cheers
@@Buzzinpattaya although it has been going gangbuster year this past year for sure … up to 2500 USD / ounce for a record high . Geopolitical concerns and huge buying by central banks has bucked the usual dreary slow paced trend. Silver has not really kept pace , back well below the highs of 30. Both are still
Up over 20 prevent the past twelve months . Can they keep this going ?
If you buy at the right time it makes a good backup investment and a great way to diversify your portfolio bought many one-ounce nuggets of gold fairly good prices years before but not for profit as such but more of a SHTF backup if everything else goes down. But now with the high prices it is more of a risk but not so much if you want something physical instead of cash or crypto.
Absolutely mate
Really helpful video, thank you!!
You're very welcome!
I like this type of videos you make. Thanks and see you in September 🙏🏻
Glad you like them thank you
Welcome to the world of dabbling (even if modestly) in gold. If you wonder whether you’ve done the right thing, ask yourself one question. What is Fort Knox, the vaults in the Bank of England full of? It ain’t paper money ( fiat as it’s known) and it certainly ain’t a number in a piece of paper like crypto currencies are. It’s gold - the only real currency. I’ve dabbled in it for years and it’s always done me proud in the medium to long term. In the UK at the moment gold is over £1900 an ounce. Just a few short years ago I was buying it at £1300. And you’ve done the right thing by buying ingots or bars. Jewellery is obviously more expensive due to the craftsman’s time involved. The price above spot is the premium you pay. You’ll struggle to get that premium back. As a beginner, stick to bars or ingots. You’ll know exactly where you are with price when the time comes to sell. If it dips, hang on to it. The price will recover and more. I collect mainly sovereigns here in the UK. Easy to liquidate as they’re internationally recognised. Enjoy!!
cheers mate
As a professional trader I see this all the time. People always talk about these things when they are at all time highs which gold is right now at over $2,400 an ounce. it was $400 an ounce 20 years ago and as others have said it is good to have as a hedge against inflation. However unlike equities which can pay quarterly dividends giving you a nice extra income, Gold doesn't return anything to you. Gold hit almost $2,000 in 2011 then fell back to $1,000 by 2015, peaked again at $2,000 in 2020 then fell back to $1,600. So please don't think that if you invest it will just tick up week by week because even with the best investments, nothing goes up in a straight line so you must be prepared to see your investment fluctuate quite a lot!
Thank you for sharing your experience with us
Gold is traded and priced on the comex. What was the weight of your bar? Today's price is 2500.00 US per Oz
I have some gold , wish I had more but it’s ok , wear some , keep some .. it will continue to rise in value for sure but maybe at a slower pace .. but can never be too sure ..
Thank you
With the way things are going gold is a very viable option. I have been considering it in Thai gold for a while. Making money is dollars and converting into Thai gold doesn’t sound like a bad idea. Question..are there safety deposit box options in Thailand? I’m gonna google it but I think that would be something to look into. If you have any clue I’d love to hear. Thanks!
Yeah I am the same, wish I did it when I first came here would have made over 50%
Nice vidéos
I like your attitude helping people (12€ for chewing gum) and more is amazing 👍🏻👏🏻👏🏻👏🏻
Thank you! 😃
Gold is a precious metal, it will keep going up over time, especially now with the pending world economic crisis and hit war in Middle East possibly in Ukraine and China see which all may happen in the next few months, however it’s generally a long term investment. Also the US dollar reserve currency is under great threat with also the rapidly growing BRICS. I would therefore say that gold is a very good investment, but you need to be able to sit on it for a few years. It’s highly unlikely you can invest in it, unless you have a lot of spare money invested, that it’s going to pay back well in a few months. Hope this helps.
cheers mate thank you
Bought my wife 5baht of gold at 75,000b many many years ago, now worth 200,000b ❤
Wow!!
It's best to have a diversed investment portfolio which can include Gold and ETF's especially something like an S&P 500 fund which is always a consistent performer if you wish to invest for 7 years plus. The investments you should reflect your stage of life and your risk tolerance.
Thank you
Remember Gold is priced in $ on the spot market. Often the price goes up in $ but is offset by the $/THB exchange rate so you need to take that into consideration. Usually gold and $ have an inverse correlation so the fact that gold has gone up in THB terms shows that gold is in a very strong bull market right now. Thai gold is as good as any in the world. I buy Bahts which is approx equal to 23K. The spread is excellent at only 100baht. Even when you add in the commission, usually 250 baht (Aurora) it is still better than most countries. Remember the commission is only applicable when you buy, not when you sell, ( again Aurora). Dubai used to be the a great place to buy before the introduction of VAT. I view it as an insurance rather than an investment so the fact that it has increased in THB terms is a bonus. Always remember, for ETF's "If you don't hold it you don't own it." Always buy at a reputable dealer and when you sell always sell back to that dealer to avoid any possible Assay costs.
Cheers mate
Sawadee kurb 🙏 the 1000 bt a day challange will be a good one to do🙏
Cheers mate
@@michaelward1605 Probably get a sore wrist taking on the 1,000 baht a day challenge.
For me, I will be buying some Thai Gold.
I am from Hong Kong, and there I have a reasonable amount in HSBC gold ETF of which I have gained 30%+ in the last year and I anticipate more appreciation in the short term. (why ETF vs physical gold? It is liquidity, where I can buy and sell in a quick manner and with low commissions/premiums).
Which brings me to Thai gold, it has low premiums (relative to the current spot price) and more importantly, it is liquid where i can go to the many gold stores in Pattaya and buy or sell. Since I come to Thailand a number of times a year I can sell Thai gold to fund my trip.
The base assumption to this idea is that gold prices will go up. This I believe is happening as the US are set to lower interest rates which impacts the price of gold. Added to this, the BRICS nations esp China has been buying a large amount of gold. Trevor: in the time you made this video, I see that gold has gone up 2%.
The last point here is I believe the Thai baht will depreciate relative to the USD which mean my Thai gold will get more Thai Baht in the future, (this depreciation I see as being a function of the sluggish Thai economy)
Thanks for the video, now I know where to go in PTY to buy gold.
Nice one
@@hkdaddy3326 can I say that should you want to buy gold, it’s better to buy in Yaowarat in Bangkok, than Pattaya. You can buy gold at spot without commission. Their profit is taken on the spread.
@@Silo65 That is great, my friends here are saying the same thing, as I want to buy fractions of a gold baht and redeem them as I need. The location you mentioned, is that Chinatown? I am told that is the area to go. Thanks for your help.
@@hkdaddy3326 Yes. You’ll need to go to Yaowarat Rd in Chinatown. The most popular shop is 418, 420 Yaowarat Rd, Samphanthawong, Bangkok 10100
Thanks nice Video, I can remember about 20 Years ago to pay 8000 Bath for one Bath of gold.
Oh wow!
I remember ex prime minister Gordon Brown. Selling of our 🪙🪙🪙 gold supply to America to bail us out of bankruptcy gold is a good investment
Cheers mate
Please do one with the 20 Bart shop thing that sounds really interesting
Sure mate will do
there used to be a Bangkok Bank office set up close to the entrance to Walking Street where you could go in and open a account even with a tourist visa
Sadly hard to do nowadays
If you haven't got it you don't own it spot price on the day I took home a 1 baht bar from my holiday in march it's already gone up a fair bit with politicians pushing for war it might be handy to have some gold on hand 🖐 😊
Cheers mate
I found a good gold dealer.. really close to where you bought your gold…I always use the same dealer….for buying and selling gold…. Find a good one and stay with them…. I’ve made a few hundred thousand baht with gold in the last few years with gold… right now I sold it all …. Gold is up right now… I’m waiting for it to come down a little bit… then I’ll buy another 20-30 baht….. you need to have patience for it to pay off…
Cheers mate
I've never understood how these gold shop owners make any money. A 200 thb commission on a 40,000 transaction. They'd have to be hugely busy to make any profit each day.
I know someone gonna chime in with 'All the bar girls running to a gold shop to sell the new bracelet given to her by a love-sick farang'...🙄
Just a point to mention: the standard of fineness of gold in Thailand is lower than in the west. 965 compared to 999. Although not impossible, anyone wanting to sell Thai gold in the UK will be offered a lower price due the difference in purity.
Thai gold is probably still a safer long term asset, rather than opening a beer bar😆
Thai people love gold so here all the girls get their new darling to buy them gold lol
Most decent Savings Accounts back in the UK are paying 5%+ with risk factor of 0. Is that rate from Kassikorn normal for Thailand or are they chancing it like the major banks over here? 😁
Probably chancing it mate
I have financed my last few trips to the Kingdow from crypto trading. It is NOT easy and research as well as intuition play a big part. Yes it's the wild west of investing and yes it's risky. But the gains are way beyond what gold or traditional stocks can yeild.
Fair play mate
@@Buzzinpattaya Interesting language use. . . You are quite the Brit you are😸. . . and I DO love your accent! And how you use the language with such candor and wit. It's like what you said in this video about using agents to set up a bank account - and I much agree- that, "They charge a fee. . yes. but they have to make a living too". The magic of crypto is that it is still almost not regulated at all. . . So the bottlenecks the traditional stocks, gold etc big wigs set up against us since Jeckle Island with Chase n friends in 1913. . . are almost not even there. . . As such. . . more of the "living" one makes comes back to you. . . much much less to them.
Gold is not an investment. Gold is savings.
Okay
Trev, did you ever take up a loan in a Thai bank before? House, car loan etc. Was it a hassle or easy peasy? Maybe the agent can help.
no mate never had a loan so not idea sorry for that
Gold was 29000 in Feb 2022 when I was in pattaya Trev 42000 good 👍 profit
Yeah 18,500 when I first came
In bkk I saw a 5 baht block weigh 75g , it was beautiful 😍 but 200,000b cost 😅
They have a 50 baht chain on display in Tukom.
@@stanleykyle 😮
Wow
If you drive into Pattaya in a car where on earth do you park I see plenty of scooters but few cars
Totally agree with you! Bikes, tables, stalls , stands, junk, and garbage bins strategically placed to stop you parking ! (That is also illegal but??) I won't go to anyplace that does this! -Which is quite a lot! Screw 'em!
Roadside or shopping malls have car parks and temples
I brought gold many years ago 16,000 a baht. 10 baht of gold. When I come over this time November I will take it to the shop and see
Yeah it's at 42k now
gold price is normaly displayed in the shop thats the price you pay the prices are based on the gold price so they change several times a day , investing in gold is like investing in anything , its gambling only put in what you can afford to , yes historically gold has pretty much always gone up however it did crash in 2013 when it lost 30% of its value(but gained it back within 4 months) ..........thai gold is sold in Bhat weight a Bhat of gold is 15.24 grams roughly half troy ounce , gold is measured in troy ounces and a troy ounce is 31.1 grams , lots of thais buy jewlery as thai gold is almost pure gold at 23karat .......you will pay more for gold jewelry compared to gold bars though due to the labour costs of making it , gold coins are another option but thats another rabbit hole LOL ..if you wanna compare it to the bank accounts you mentioned then gold this week has gone up 1.28% in value and the yearly change is 27.63%
Thank you
Hello Trev, enjoyed doing what you do. Walkabouts. And gold is a good investment .We differ here though my gold investment is Bitcoin I buy Satoshi’s there’s 100.000,000 in a Bitcoin. I buy from an Exchange.. Something to have a look at mate.. Or not at the moment.. Cheers Buddy JC.😊
Thanks for the info
Now trev has a golden episode.
Hahaha
20 baht shop would be interesting to me since I will be there soon hopefully if all goes well. In the USA we have dollar tree or dollar general.....
Yeah let's do that
Gold is not an investment, it's a store of value, and there's a distinction! Gold is currently increasing in value however, buying gold is more a protection, or hedge against inflation.
Thank you
I still have gold bars in my cellar. You might have seen me on Crimewatch about 10 years ago.
@@nigelwilliams9307 You must be Nigel from ‘Brinks-mat’!? 😉
@@Silo65 555
Gold is a long slow game. Some years it goes up 20% but most years it goes up nothing. That said it has doubled in the last 8 years. US Stocks are up well over 100% in last years.
Yeah gonna give it a go
Have to own a condo trev! Majority of people rent I believe, how do they get bank accounts
Bank account from an agent
Nice but next time go inside the gold shop to show us how it looks and buy bigger necklace more power hahaha
Lol I don't do showing off with gold, never been into that
Gold does not produce income like stocks and property trusts.
That is what people forget. Makes a big difference long term.
Thank you
But Gold will always hold some value. Your stocks are just documents loaded with hopes and dreams. You can lose all.
@@marcom2248 Stocks have given me a great retirement for the last 18 years. Great dreams.
Gold has out performed the S&P over the last 25 years…even without producing income!
As it becomes clearer to the majority that societies across the world will become cashless, Gold will skyrocket! It's why it's so high now. It will become the "underground" form of transactions.
Gotcha mate
@@Buzzinpattaya Buy more!
What time of day did you film this? Pattaya Tai looks so empty, no traffic or anything.
Around 10:30am
Gold is a store of value ie it reflects the state of the economy gold goes up and down in price but generally over long periods of time it goes up where does this change gold goes up if the stock market crashes or times of war I am expecting gold prices to rise to 3k US per once by the end of the year which I will sell also I expect silver to rise I also use gold as a safety net when travelling ie a coin which I can transfer to any currency done it for years
Cheers mate
Some great replies to this video
Cheers mate
1.65 is AWFUL! 5.5% in a tax free isa uk. 10% roughly if you invest in s&p500 tax free in a isa in the uk on all capital gains and dividends unless us stock they take 9-15% of the dividend there. Leaving it in Thailand seems the very worst idea
Thank you for sharing
I’m getting 5.25% from the Yorkshire building Society that’s a online account only, no withdrawals for a year though
10% of monthly salary . Mixed metal gold, silver so on. Diversifying is the best way . 6 months expense in bank . 3 months in safe. Then invest . Metal investing is keeping your money . Not to make money .😉
Cheers
The £1 shops in the uk, are more like £10 shops now 😅
Wow
Trev did you ask them if they buy euro gold if you want to sell if your there.
I didn't sorry
Hi my girl brings gold back every year. Chris and Kitty Liverpool England.
Nice one
Old the gold shops in Thailand display daily gold pice on there windows ,,so same same for flang or Thai..
okay
Silver will be a better option as every 1oz of physical is sold 400x on paper
Wow
Silver has VAT 7% tax in Thailand. Gold is tax free
Bought a bracelet as the price is the value weight of metal plus a small amount for labour much less than in uk. Sold it when bored of it 2 years later in 2024 made £400.00 profit. for investment s&p500 is far, far better gold does not earn anything. gold protects you from inflation which commodities rising and currency value falls. it wont make you rich tho
Brilliant
Trev pound land were nothing costs a pound anymore
haha true
Trev I did here you can claim the tax back at the airport when buying gold
Thank you
There’s plenty on videos on RUclips about buying gold in Bangkok,but I didn’t realise that shops outside of Bangkok charged more,and once that shop has put its mark on it no other shop will buy it you have to sell it back to the shop you bought it from
Yes I'm aware that they will put them on the gold but just set it back to the same place
@@Buzzinpattaya If they are still there
Why buy/trade PHYSICAL gold as an investment when you can invest in gold online via an ETF? The fees are smaller, you don't need to store the gold or carry it or physically trade it, somebody else does all that. You just pop your PC or phone on and click buy or sell.
If you don't hold it then you don't own it.
@@FelipeAguas-l8q thats what old farts that dont trust the internet say, so 90s .
Cheers
Absolutely correct, a gold ETF is the intelligent way to go for an investor looking to diversify their portfolio. Gold is quite high at the moment though, long term it will be fine, but short term I see the price falling mildly as the output from mines increases dramatically.
Until there is another world wide computer virus or someone finds a way to hack accounts. A locked computer doesn't work at the store
Silver for me and yes i have gone up 33%
Nice one
I agree with silver but in Thailand you have to pay VAT on silver while there is no VAT on gold
@@oldthaiexpat I am still in the USA
@@heffiagametech8094 sorry to hear that
Wonderful topic bro! These questions have been on my mind... ( v^-゜)♪ Thank You!
Any time!
I see gold a solid investment that is a hedge against inflation, but, unless you actively trade it, it won't make you rich. Plus, if you buy physical gold, you have to have a secure place to store it no one will know about.
I forgot the exact numbers you used, but I think you said when you got there 11 years ago you could have got a baht for about 20k and now you can sell it for about 40k. Doubled your money or 100%. Annualized out that it is less than 10% gain per year. So, it beats inflation, but you would do much better investing in the stock market.
Still an informative video, but too much time walking around. Could have cut this video in half. Thanks for the info.
Gotcha mate
Just a comment about the car in two lanes, what is it they don't get,why can't they drive in one lane,really does my head in i tell you
Hahaha yeah makes no sense at all
In my opinion, Small investment ok, but large investment being kgs, i would not, reason being you just cant trust the sellers theres all kinds of scams, in the west we can call the cops but in asia its just to bad. Not worth the risk
Cheers mate
Salut Trev. Nice vidéo😄👍
Cheers mate
Detail, comment on the selling process with selling to a different vendor etc:
Will update when I sell what I purchased
23 years ago, gold was $271/Troy ounce. Today it's $2500, 90,000 Bhat/Troy Ounce. Over 9 times your money in a little over 2 decades. I mean, it's no Bitcoin, but that's an incredible return on investment. I'd guess those times are long over for gold. But, if you can buy gold in Thailand for 50,000 Bhat/Troy Ounce or less, you'd almost double your money just by selling it overseas. How much gold are you getting for that 40,800-40,900? How much is a "bar," in terms of Troy oz.?
Wow that's amazing
1 Gold Bat is 15,4 grams
15.4 grams of gold. Thank you for that. A Troy ounce is 31.1 grams. So, some math. At 36 Bhat per US Dollar, 1 Troy ounce is worth $2500/90,000 Bhat, as mentioned. A Thai gold Bat is 49.51% of a Troy ounce, so it should be worth 44,566 Bhat, rounded up. If you can buy it for under 41,000, as Trev mentioned in the video, you'd be making 3500 Bhat per Bat, or about $100 per Bat.
If that's actually the case, and you could find both a supplier in Thailand and a buyer overseas at actual price, you could literally make a fortune in a very short time.
Unfortunately, in my experience, buyers at best offer 80% of spot price, so they'd be offering $2000/72,000 Bhat per Troy ounce, which means you'd have to buy the gold in Thailand for under 35,600 Bhat to make a profit currently. At almost 41,000 Bhat per Bat, you're betting heavily on gold climbing to 51,250 Bhat per Bat, or $2875.00 US to actually make a profit.
Seems like a really bad investment to me. I'm not saying gold won't get that high, it might, but even at $3000/oz, you'd be looking at minimal profit unless you were already a billionaire and had a ton of money to invest. For those of us who aren't billionaires, and who'd be investing thousands of dollars, the profit would be counted in the tens of dollars.
Even if I had $2700 to invest in 2001, I'd only have made $24,000 today if I sold, affording me a couple good vacations, but a light-year from being rich. You have to have money to make money.
I'm closer to being a billionaire than Elon Musk, Bill Gates, or Warren Buffet. And I have far, far less than a million dollars to my name. The game is rigged. And people who think gold is a good investment at $2500/oz are completely delusional.
Where do you keep the gold 20 baht of gold is a lot of gold to lose
@@SaUbastyya , thai Gold Is 965/1000 you must cut 3.5%
i bordt gold 25 years ago [ 18000bth] just fore me but now it is almost 60000
Commodity's works- not like this. If you hold on to any commodity that long fluctuations in the market remove your margin. Eg. Energy prices 15 years ago. You're definitely confused and describing crypto.
Wow
The gold belongs to mother earth and not to us. So much rainforest is killed and soil pulluted with mercury, nothing will grow there for centuries. When my Thai family talks about it Isay "Buddha said it is not good for your Karma if you make othe people jeaulous" ... ;)
Okay
Always buy investments like gold when everyone is scared and the trend has turned down overtime. Buying now is risky because it’s all time highs. I think there are better investments. I’m still buying gold for my wife because that’s what she wants 😂😂😂
We’ve been buying for three years and she’s never selling. That is as long as I’m buying 😂😂
Cheers mate
Where you going to store your gold Trev ,asking for a friend 😉
In a safe in a deposit bank
For bank account
You need letter stating where you live
I e a yellow book if you have a house with your wife
You need a visa like retirement visa with a letter from immigration verifying your passport
A marriage certificate
And a drivers license at some banks
Just opened my second bank account this year
I should add the letter from immigration must be from the same immigration office you got your visa
Even though immigration is immigration in other countries each Province in Thailand do not like getting involved with another province
So you get your visa in Pattaya get your letter of verification in Pattaya any other province will refuse to give the letter, it must be procured at the visa issuing office
Oh by the way a retirement visa do it on your own it’s only $1,800 Thai baht agents are as much as $40,000 Thai baht
I should add the letter from immigration must be from the same immigration office you got your visa
Even though immigration is immigration in other countries each Province in Thailand do not like getting involved with another province
So you get your visa in Pattaya get your letter of verification in Pattaya any other province will refuse to give the letter, it must be procured at the visa issuing office
Oh by the way a retirement visa do it on your own it’s only $1,800 Thai baht agents are as much as $40,000 Thai baht
Agents are good if you find it a little confusing, and looking on line can be mind boggling, so go to immigration and ask if your polite smile keep your cool it only takes a couple of hours
Go see Mark One Stop Visa Services the rest is irrelevant
@@Buzzinpattaya
Yeh but it doesn’t cost $1,800 baht it’s more than 10 times that amount
I must add $1,800 if you do it yourself and it’s very easy
I think one stop visa when I was after my first retirement visa was in the high $20,000s of Thai baht
My money is better in my pocket
But there are people that can’t get their head around the requirements.
Immigration will give you the form and explain the requirements you need passport , bank account , verification if residency in Thailand and perhaps marriage certificate ( it helps) $1,800 Thai baht
My wife and I have a very nice holiday on the savings each year
But you do need money in the bank $400,000 Thai baht for a marriage visa , $800,000 for a straight retirement visa for one year
Hi Trevor it's Michael again i forget to ask you do you know Pumpui Pattaya Taxi because i'm friend in Facebook with the owner she's nice and i read a lot a review and she give a excellent service from the Bangkok Airport to Pattaya city you can book in advanced from Chateauguay and they will be waiting in the arrival #3 in second floor they wiil be a driver waiting with your name on a board to pick you up so do you know them?🙏🙏🙏
I don't know them mate no, connect me up if ya can and will pass by in a video for them
Gold is ok but Bitcoin is better. You cant verify Gold yourself and the supply is unknown. Also you cant bring it anywhere and costs a fortune to store. You can literally cross borders with 1 billion dollars worth of Bitcoin for example just remembering 12 words
Cheers mate
complete garbage , look at the history of gold that you can hold in your hand and compare it to bitcoin that is basicly nothing , if your moving billions across borders easy as that why are drug dealers still caught with millions in cash all the time
@@BuzzinpattayaThe bank investments & bonds are a scam, the rate of inflation is 4 or 5 times higher than any rate you get from them, so your investment is actually getting devalued.
Agree 99%. The other 1% disagreement is based on Thai culture using gold as currency. Currently, there aren't enough merchants and service providers accepting bitcoin... yet.
Another Tuesday podium challenge 👍
Good morning mate smashed it BOSH
@@Ian4444four nice top spot ian well played
@Ray-c4e Thanks Ray 👍
I have done okay. Bye the ingots. So as not to pay for the workmanship. I remember when it was 8,000 baht for a baht of gold
Wow what an increase over the years
Now you can just invest gold using the etf GLD stock symbol. There is no need to buy and hold, to be honest 😅😅😅😅
As long as the politicians keep printing money like there's no tomorrow, gold will be a solid store of value.
Haha
If you can't hold it you don't own
Sure just hold a piece of paper. Fool
So here is the thing with gold. Scarcity is what creates value. No one actually really knows how much gold there is in the ground. It also has very limited commercial use.
Indeed and if it runs out it has to increase in price and it will become rare
@@Buzzinpattaya so there is my point they will never really know how much there is. As the cost to mine it goes up the price follows.
Very useful in the electronics industry, in printed circuitry.
It is an extremely useful industrial metal.
Price limits golds application for industrial use if it was as cheap as silver it would probably be used in endless applications, as is silver. Platinum is used in many cancer treatments strangely so there's probably a lot more uses to precious metals than we currently understand. I'm still in disbelief on the origin of gold which is said to be from a meteor strike and not formed on earth but from a supernova. There are even groups who believe humans were placed on earth to mine gold and when there is little left in ground then our use is up. That is believed to be soon. Once you hold a piece of 999.9 gold in your hand there is definitely something about it that's deep within.
That was the buakhao baht bus route right stopping on south Pattaya Road ?
Yes
Apparently what is coming every currency will be roughly the same in worth..Russia has already set the price of gold at 5000 a gram..Apparently
Ouch
We get 6 percent average return on even a monthly basis Trev
Shame they don't do it here mate
Better have gold than cash for sure. But it has to be real gold you can hold yourself. Not stocks in gold.
Gold has real life use in electronics and costs more and more to mine so I guess that’s what gives it a value.
Someone told me look at the Indians. They cover themselves in gold and have nothing in the bank. Smart
Thank you
the con was a money printing yes gold is the safe bet ........ gold.. or paper fiat its not money gold is money ..... reset soon gold will make you rich god bless
Thank you
Gold is the money of Kings and silver is the money of gentleman. There's a lot more gentlemen out there than Kings. And most of them are foolish enough not to own any silver. That's likely to change.
I would never buy Chinese gold in Thailand. How much tungsten is in it?
Thank you for sharing your experience
Agree. Never buy Chinese gold. Seen videos where they break the small gold bars and you see an alloy in there. Not pure gold. They even paint the bars gold! Don’t trust anything Chinese. Lots of copies. Fakes. They are good at it. I know from living in China for three years.
Anyone know why thai gold is 23k?
No idea sorry