Thanks for liking and subscribing to the content guys, I hope this is informative, it is part of the expats advice series. Currently Gold is a hot topic. Personally I believe in both Gold and Bitcoin as good ways to hold some of your long term savings for various reasons including inflation, manipulation of currencies, money printing, bank liabilities, the implementation BRICS perhaps backed by gold, and current market volatility. Here is a visit I made to talk to Gold-Finger about buying gold in Thailand. Hope you enjoy and thanks for watching!
The United States holds the largest stockpile of gold reserves in the world by a considerable margin at over 8,100 tons. The U.S. government has almost as many reserves as the next three largest gold-holding countries combined (Germany, Italy, and France).
There are a few reputable manufacturers around the globe making the best gold bars suitable for investment. Engelhard, Johnson Matthey, The Royal Canadian Mint, The Perth Mint, and Credit Suisse are among the most well-known precious metal refiners for producing the best gold bar brands.
400 ounce gold bars and 1kg gold bars offer the best value. That is you'll get more ounces of gold for the same amount of money. That is why the likes of large institutional investors, central banks and exchange traded funds deal in 400 ounce bars.
I love the tale that most of the gold jewelry bought in the UK during the 1980s had a fair proportion of the gold stolen in the Brinks Matt robbery )in 1983) included in the mix of gold.
Thanks Ryan, very informative, never knew the weight of a gold baht, I may venture into a gold store on my next visit ! Best wishes to you, Damo, Otis, Hugo and the extended family
Thanks for sharing this topic Ryan! I’ve been in the jewelry business for 18 years and yes, the price of gold sure has gone up in value! Here in the US….gold jewelry is 99% 18k. Pure gold is 24k but no jewelers make jewelry in that karat weight because it’s too malleable; and for the most part, high end jewelers will only produce jewelry in 18k. Thanks for sharing this video 😊
Thai gold is 23 carat, which is 96% pure. 18 karat is 75% pure gold. 9 karat gold is 37.5% pure Thai gold is very yellow, very soft and prone to breakage, as my Thai wife has accidentally demonstrated with several pieces I've bought for her :-)
if you work in gold business you MUST know that the price from gold is NOT GO UP....... its the value from fake papermoney that is gone DOWN........... printing money makes that YOU have to pay 2 times or 3times the price then 10 years agoo.......the value from GOLD stays always the same...........the higher number you have to pay for same piece gold is INFLATION !!!!!!
if more than a little bit, a safe box kept in a hidden place would be a very good idea, but 5-10,000b for a decent one will take a percentage of any profit in the gold price appreciation.
FYI : The difference between buying and selling price in Bangkok is 100 baht. There is a premium of 150 baht buying the type of gold you are holding. I think in English it is called ‘minted’ gold bar. However you can elect to buy non-minted ‘bars’ with same gold content (usually elongated clump form) and not pay a premium.
If we want good investment.. Gold is the best. If you want to good profit and invest buy the gold leaf one. But if you want to enjoy while investing. Buy the jewelry one.. i'm buying both. But more on leaf one.
Lived in Thailand for 10 years, when we had money, we bought gold, when we needed money, we sold it. Never really lost much. Its the Thai insurance policy
Good man. Long term gold is naturally going to increase I'm sure. A lot of my close friends trade gold on a daily basis, it's not for the faint hearted and it does take some good knowledge and experience to trade gold profitably but it can be done, some of us (Not me) do hold physical gold also like you intend to do.
I’m Thai and when question was asked about who controls gold prices the answer is Thai Gold Traders Association (group of old Chinese families in BKK Chiba Town.) The London Spot price and Thai are not always correlated. Commission is based on 1 Baht so if you buy 5 Baht it 5x - however some places will give volume discounts (only talking about bars)
buy gold COINS, not juwelry...........99.99% pure gold, has FACE value, non taxable, and industructable. Krugerrand has more copper in it but gold volume in it is same. coin weigths 1 gram more.
I am a gold bug for over 10 years. I can tell you that the chance of gold to go down deep is quite remote but to go through the roof is in a high possibility. Gold shop will charge 100 baht extra for any sale ( you sell) of gold Bar less than 5 baht of gold from buying spot price.
In some particular shops like Mae Thong Sook you buy and sell gold without any commission charge provided that you trade at their shops or their branches.
Simple calculation shows 1 ounce (gold standard) of gold is worth THB68776.54, or AUD3017.19 as of today, 10/4/2023. It's only ever going to go up. Bought a MineLab GX7000 and other kit to go nugget hunting here in Western Australia on Crown Land (otherwise you need a miners license and pay for land to detect on). So far have found about 5 ounces just fossicking around in the goldfields. Less costs of diesel, food and beer (Hey, I'm Australian!), I've got about $13k to put into savings, which is THB2,963,337. And... off we go again! Good hobby to have here in WA!
but in thailand the bars are 94% gold, because the chinese try to fool people..........like in the temples they sell gold buda, its FAKE......no real gold.
Why is that? I noticed people buying a Baht bar and getting it framed on a pendant so they can wear. Does the value change if they have it removed from the package? Please explain in detail if you can
@@getupandtravelyes, open gold has less value since regular folks do not have tests and cannot buy it without certification. Shops can test gold and normally don’t care about certification and won’t pay more for it.
Gold is good if you have a lot of money, but Silver is better to have for trading and bartering, it’s also good to have a lot of coins, and Guns is alway a good investment, if SHTF happens and you have a half a dozer cheap pistols , they will be worth twice as much, as far as gold , I prefer chains and jewelry, same with silver
I do the same as you. Savings for my kids. I had golf for the last 40 years gone up 10 times. It kis the best investment over the last 25 years. Yes the real value of money is gold. Inflation affects the price.
I’m Thai and the only ppl I see buying gold are security guards, food vendors, sex workers and rural ppl. However if you insist on buying gold Thailand is the place. Because of the liquidity, the spread is very small relative to spot price. Never buy gold in US you pay 3-5% premium when buying and 3-5% commission when selling. You already down 6-10%. Why so many video for buying gold but few for selling, nuff said.
The problem with selling gold items "in the future" is that people/buyers always want to buy at a lower price than the market rate so it is very difficult to sell unless you allow that loss between current market price & what buyers want to pay (although it is still a profit if the item was bought at an original lower price back at that purchase time).
Ahhh yes.....Gold ! Something that is more and more topical in today's climate. We could go into this on a global scale with many aspects of buying gold and it's worth in our current world economy....hmmm. Let's just say it's something worth considering. No point in getting too deep into where we are going globally but yep. Buying Gold right now might be a wise investment
I only buy 1 oz gold Britannias and 1 oz silver Britannias. Just buy pure gold/silver in coins or bars and never buy jewellery which is very rarely pure gold and massively overpriced. But if you're buying and holding gold in Thailand then it's the 96% gold bars you want as that's what that market dictates.
The best investment is land! The easyest to carry is diamonds but it takes a specalist to se if they are the real stuff and a good quality. I travel with a few Silver dollars as back up - I never had to use them but I got them stolen once!
While we are on the subject of gold. Perth mint are under investigation for apparently selling gold bullion with a lower content of gold than what the value dictates. Too much silver in the gold bullion. So the question is.....How do you know what you are buying is what they say your buying. Would you know just by looking at the gold that it was what they say it is? Who do you trust. Just saying
Thanks Ryan for another informative vlog. Yes, it is a very Thai thing to buy gold as an investment and to be honest I don't think I ever saw a gold shop in UK in all the 64 years I lived in UK. Since moving here 11 years ago, I am always fascinated by gold shops and the amount of wheeling and dealing in gold here, even rural areas! Just one small thing, why, as a British ex pat, why do you use dollars for comparison rather than pounds steriling? You are right about keeping gold in a safe place, my wife had some in a small red pouch, but thinks that she may have thrown it out with the rubbish at some time as she cannot find it anywhere now! Personally, I don't have enough money to buy any, but do think that it is a better investment than a savings bank account these days. God bless you and trhe family 🙂🙏
@@M.R.T.V.Videos You clearly do not know my wife of ten years who is a good honest Christian soul whom I trust implicitly. Judge not lest you, yourself be judged.
I hear that gold prices have been kept artificially low for years because many dealers are selling paper certificates in lieu of physical gold so that there is more paper gold than actually exists in vaults and if everyone claimed their gold at once, many would find that their certificates of ownership weren't worth the paper they are written on. The example of Venezuela shows us all that if you don't hold the gold, you don't own it. The Bank of England simply stole Venezuela's gold at the behest of the USA. And that was not the first time that authorities have confiscated gold.
Thats very interesting, I think more people will be buying Gold as the banking system looks a bit shaky at the moment. Maybe with thinking about if you have the money which I don't sad to say lol . As you worth considering for children and grandchildren for when they are older . It seems governments are trying to force into a cashless Society well here in the west anyway .worrying times we live in . As always very interesting looking forward to what's coming up next
Gold price has risen fast in just 1 year. It should keep rising due to scarcity & costs of harvesting these metals. Credit Suisse little gold bars are 999.9. So it is Not too soft to make into small bars/bullion.
You are right, everyone makes 999 gold bars & Gold Finger is saying it is too soft. The Thai's like to stick to 965. I can get 1 Kilo bars in 999 in Bangkok's Chinatown.
If you think about buying gold in thai bahts and if you think it's already expensive you should think twice cause world gold price is runnung around 1950 to 2000 dollars per ounce.The market trend after the dellarisation ,bank run and USD inflations ,gold price will run up pretty fast.For me 2500-3000 is imminent one to two years target.However in some expert youtube channel such as Ktco some socalled expert said it could possible go up as high as 10000 dollars an ounce.But I wouldnt bet on that price though.For me in realality 3000+/- dollars sound about right for the maximun target for these few years.Just my opinion krub.
I would define "self-reliant/sufficient" as "self-reliant/sufficient most of the time". That means, if one eats bananas then they would eat bananas only when they are in season. Great video! However, I cannot get over that snake! lol Do you ever have chicks missing?? That could explain it. 😀
I think metalls will be a force to concider the next 5 years. Its gone up the last 6 months yes. My bet is : it will further be going up over the summer and rocket in oktober , how much will depend on how much the banks will sweap up , but Im putting all my cash in gold index and coins this year. I dont see how I can loose money on it. Stocks is pestulence without solid intel atm, in real estate you will need to be in the high end market. Gold , silver yes thank you Ill take it. An interesting question to the gold merchant would be 24 K gold coins. Would he buy it for a good price. American gold eagle/buffalo Austrian Philharmonic, Austrailan nugget , South African Krugerrand , Chinese Panda etc.
Check your gold bar prices and buy as much and often as you can afford to secure for the future financial crisis in the very near future when the globe goes CBDC.
Don’t buy jewelry as investment. You loose always compared to bars or coins. Also, at least here in Germany, the commission in per cent of the sales price is going down - hence bigger bars and coins cost less per unit of weight (gramm, ounce…). Then on the other hand, don’t buy only big bars or coins if you want to have it for emergencies. In that case 1/8, 1/4, 1/2 or 1 ounce coins should be mixed to be more flexible. Even bars with 10 break out pieces of 1 bar could become handy. It’s all about what you buy it for 😜
Many people are withdrawing their gold, the derivatives have more risk imo, physical possession is important in case of bank collapse in Thailand. You can also trade the miners and gold stocks which is equivalent to virtual buy and sell in many ways of course 👍
Hi Ryan, gold price is at an all time high at the moment. But having said that, if you are buying for Otis and Hugo (meaning for 10 or 20 years down the road), the current price you pay for gold really does not matter because in 10 or 20 years from now, the price of gold would have appreciated in tandem with baht or even more than bath. Cheers from a gold bug. Oh, before I forget, jewelry gold is not "pure" gold. It is mix with other metals to make it stronger because pure gold is prone to dents. Pure gold price is listed as "spot" in international market.
Cheers Nick, yes it’s something I really cost average to be honest for the kids in future to be honest. I think I miners will do well in the coming years utopia 👍🙏
Nice video Ryan, I actually thought you had removed this channel but it came up as a youtube recommendation so I was pleasantly suprised to see it 👍 You're a very wise man for your age, must be all your spiritual studying. Gold, Bitcoin (crypto) and Land are very sound investments in this crazy macro world atm. I'd really like some Silver but it's hard to get in Thailand, any thoughts on that? as I think Silver returns are going to be better than Gold in the future. Keep up the great work and much love to you and your family.
Swiss gold is famous worldwide. Its gold bars are 99.99 percent pure, which is as pure as gold can get. Gold this pure has many appealing qualities, some of which include: • An appealing shine • Higher value, which is good if you plan to resell what you buy • A longer life span with proper care.
if you buy gold...... buy coins........ not juwerly, Coins are 22 or 24 karat, 99% pure. juwelry is 60% pure. BUT you pay for the fabrication. Coins is the best value for lower prices. 1 ounce. 1kg is even better but more money.
Interesting vid Ryan, but people should be aware that although the price of gold seems to be rising, like any other commodity, the price can fall. Just do not get caught in a bubble
Giving financial advise is not your thing. The problem with the working class, they can never buy enough gold to make it work for them. It takes money to make money.
More of a hedge and Thai cultural wealth preservation- especially in an economy that is far more unstable than in the west. I’m not sure it is advice as much as it is digging into the subject. You may enjoy the story at the end in which Damos grandmother paid for their university with gold 👍
I’ve been thinking of buying Australian gold , certified at 99.99%, I would not buy Thai gold , at 96 % , BUT ! , big controversy in Australia Re Perth Mint , , gold was not pure as stated?
Anyone investing in Bitcoin will hope for the best, but they should be prepared for big downturns, too. While Bitcoin has recovered many times, there's also a possibility that it could go to zero - for example, if several crypto platforms fail and there's a massive sell-off. » Prices crashed in 2022.
Is Bitcoin a Better Investment Than Gold? Which is better depends upon your risk tolerance, investing strategy, how much capital you have to use, and how much you can tolerate losing. Bitcoin is much more volatile than gold, making it a riskier investment than gold.
I'd rather have Jesus than silver or gold I'd rather be His than have riches untold I'd rather have Jesus than houses or land I'd rather be led by His nail-pierced hand Than to be the king of a vast domain And be held in sin's dread sway I'd rather have Jesus than anything This world affords today I'd rather have Jesus than worldly applause I'd rather be faithful to His dear cause I'd rather have Jesus than worldwide fame Yes, I'd rather be true to His holy name Than to be the king of a vast domain And be held in sin's dread sway I'd rather have Jesus than anything This world affords today
@@thefatchap4675 10] That at the name of Jesus every knee should bow, of things in heaven, and things in earth, and things under the earth; 11] And that every tongue should confess that Jesus Christ is Lord, to the glory of God the Father. Philippians 2:10-11 Where will you spend Eternity?
@@thenakedguru I can see it makes sense to have physical gold in Thailand and alike and would probably do the same. Not so much in the west for a multitude of solid reasons. Digital gold in my circumstances...😎
If you're buying Gold thinking about short term gains let me introduce you to my friend who happens to sell this Oil made from rendered Snake parts😅555555. Buy it and squirrel it away for the future generations
Thanks for liking and subscribing to the content guys, I hope this is informative, it is part of the expats advice series. Currently Gold is a hot topic. Personally I believe in both Gold and Bitcoin as good ways to hold some of your long term savings for various reasons including inflation, manipulation of currencies, money printing, bank liabilities, the implementation BRICS perhaps backed by gold, and current market volatility. Here is a visit I made to talk to Gold-Finger about buying gold in Thailand. Hope you enjoy and thanks for watching!
The United States holds the largest stockpile of gold reserves in the world by a considerable margin at over 8,100 tons. The U.S. government has almost as many reserves as the next three largest gold-holding countries combined (Germany, Italy, and France).
There are a few reputable manufacturers around the globe making the best gold bars suitable for investment. Engelhard, Johnson Matthey, The Royal Canadian Mint, The Perth Mint, and Credit Suisse are among the most well-known precious metal refiners for producing the best gold bar brands.
400 ounce gold bars and 1kg gold bars offer the best value. That is you'll get more ounces of gold for the same amount of money. That is why the likes of large institutional investors, central banks and exchange traded funds deal in 400 ounce bars.
I love the tale that most of the gold jewelry bought in the UK during the 1980s had a fair proportion of the gold stolen in the Brinks Matt robbery )in 1983) included in the mix of gold.
Very interesting video love it God bless you all always 😋 ❤️ 🙏
I certainly found that interesting. Well done
Glad you enjoyed it
Awesome bro I bought Thailand gold back in 1992 and still buying both gold and silver. Well done good content. 🙏
Awesome! Thank you Jase!
@@thenakedguru welcome bro 🙏
EXTREMELY Informative!! Thank you Ryan.
Glad it was helpful!
Thanks Ryan, very informative, never knew the weight of a gold baht, I may venture into a gold store on my next visit ! Best wishes to you, Damo, Otis, Hugo and the extended family
Glad to help 🙏😁
41,000 baht today. Good investment!
No way really. I’m going on February 2025
Thanks for sharing this topic Ryan! I’ve been in the jewelry business for 18 years and yes, the price of gold sure has gone up in value! Here in the US….gold jewelry is 99% 18k. Pure gold is 24k but no jewelers make jewelry in that karat weight because it’s too malleable; and for the most part, high end jewelers will only produce jewelry in 18k. Thanks for sharing this video 😊
Thanks for sharing more info Marietta 🙏❤️
Thai gold is 23 carat, which is 96% pure.
18 karat is 75% pure gold.
9 karat gold is 37.5% pure
Thai gold is very yellow, very soft and prone to breakage, as my Thai wife has accidentally demonstrated with several pieces I've bought for her :-)
the vast majority of of jewelry in the U.S. is 14k not 18k as you say.
Jewlers don't like crafting out of 24k due to pure greed, not "maleability"...schmucks
if you work in gold business you MUST know that the price from gold is NOT GO UP....... its the value from fake papermoney that is gone DOWN........... printing money makes that YOU have to pay 2 times or 3times the price then 10 years agoo.......the value from GOLD stays always the same...........the higher number you have to pay for same piece gold is INFLATION !!!!!!
Thanks for this informative video, Ryan!
Glad it was helpful!
wow, that was great thanks!
Very good Ryan. Gold is always a good choice.
Thanks for the great video Ryan about gold in thailand and i prefer to buy thai-baht now in the kingdom kap.🙏
Cheers George 👍
if more than a little bit, a safe box kept in a hidden place would be a very good idea, but 5-10,000b for a decent one will take a percentage of any profit in the gold price appreciation.
FYI : The difference between buying and selling price in Bangkok is 100 baht. There is a premium of 150 baht buying the type of gold you are holding. I think in English it is called ‘minted’ gold bar. However you can elect to buy non-minted ‘bars’ with same gold content (usually elongated clump form) and not pay a premium.
Good info fir others - thanks 👍
Thank you great video. 👍
Glad you enjoyed it
Great vlog bought and sold gold many years whilst in Thailand Probably buy more in next week as bank interest crap
That’s it my friend 👍
I forgot to add applause👏👏👏👏👍
Good information ty have fun stay safe
Thanks, you too!
If we want good investment.. Gold is the best.
If you want to good profit and invest buy the gold leaf one.
But if you want to enjoy while investing. Buy the jewelry one.. i'm buying both. But more on leaf one.
Lived in Thailand for 10 years, when we had money, we bought gold, when we needed money, we sold it.
Never really lost much. Its the Thai insurance policy
👍🙏😁🇹🇭
and its small, doesn't rot, not inflation.
Good man. Long term gold is naturally going to increase I'm sure. A lot of my close friends trade gold on a daily basis, it's not for the faint hearted and it does take some good knowledge and experience to trade gold profitably but it can be done, some of us (Not me) do hold physical gold also like you intend to do.
trade gold? on paper? its fake. that gold on paper doesn't exist !!!!! ONLY buy in fysic coins or bars.
I’m Thai and when question was asked about who controls gold prices the answer is Thai Gold Traders Association (group of old Chinese families in BKK Chiba Town.) The London Spot price and Thai are not always correlated. Commission is based on 1 Baht so if you buy 5 Baht it 5x - however some places will give volume discounts (only talking about bars)
buy gold COINS, not juwelry...........99.99% pure gold, has FACE value, non taxable, and industructable.
Krugerrand has more copper in it but gold volume in it is same. coin weigths 1 gram more.
don't buy from chinese, they make fake coins and bars.
Was helpful about Thai preference for 96%.
Great teacher 🎉
🙏👍😁🇹🇭
Love your entertainment vlog, I haven't laughed so much.
I am a gold bug for over 10 years. I can tell you that the chance of gold to go down deep is quite remote but to go through the roof is in a high possibility.
Gold shop will charge 100 baht extra for any sale ( you sell) of gold Bar less than 5 baht of gold from buying spot price.
I think so too.
In some particular shops like Mae Thong Sook you buy and sell gold without any commission charge provided that you trade at their shops or their branches.
I go to a Gold shop in Pattaya and gold commission for 5 baht of a gold bar is 350 baht ie 70 baht.
Simple calculation shows 1 ounce (gold standard) of gold is worth THB68776.54, or AUD3017.19 as of today, 10/4/2023. It's only ever going to go up. Bought a MineLab GX7000 and other kit to go nugget hunting here in Western Australia on Crown Land (otherwise you need a miners license and pay for land to detect on). So far have found about 5 ounces just fossicking around in the goldfields. Less costs of diesel, food and beer (Hey, I'm Australian!), I've got about $13k to put into savings, which is THB2,963,337. And... off we go again! Good hobby to have here in WA!
Thats it brother!
Hi ! From Canada 🙏 can I get a job with you 😅
but in thailand the bars are 94% gold, because the chinese try to fool people..........like in the temples they sell gold buda, its FAKE......no real gold.
Stick with the bars with certification.
A guarantee that's not worth the paper it's written on.
24k is 24k, stop being an idiot
Why is that? I noticed people buying a Baht bar and getting it framed on a pendant so they can wear. Does the value change if they have it removed from the package? Please explain in detail if you can
@@getupandtravelyes, open gold has less value since regular folks do not have tests and cannot buy it without certification. Shops can test gold and normally don’t care about certification and won’t pay more for it.
Gold is good if you have a lot of money, but Silver is better to have for trading and bartering, it’s also good to have a lot of coins, and Guns is alway a good investment, if SHTF happens and you have a half a dozer cheap pistols , they will be worth twice as much, as far as gold , I prefer chains and jewelry, same with silver
I do the same as you. Savings for my kids. I had golf for the last 40 years gone up 10 times. It kis the best investment over the last 25 years. Yes the real value of money is gold. Inflation affects the price.
Are there official Thai government minted gold coins?
I’m Thai and the only ppl I see buying gold are security guards, food vendors, sex workers and rural ppl. However if you insist on buying gold Thailand is the place. Because of the liquidity, the spread is very small relative to spot price. Never buy gold in US you pay 3-5% premium when buying and 3-5% commission when selling. You already down 6-10%. Why so many video for buying gold but few for selling, nuff said.
Thank you. Informative
The first time i bought gold in thailand the price of 1baht is 17,000 baht.
What year?
@@thenakedguru around 2008-2009
There’s money to be made if it wasn’t for duty, gold is over 37,400 baht per baht today but it’s not a lot
Good show .. Cheers
Glad you enjoyed it
The problem with selling gold items "in the future" is that people/buyers always want to buy at a lower price than the market rate so it is very difficult to sell unless you allow that loss between current market price & what buyers want to pay (although it is still a profit if the item was bought at an original lower price back at that purchase time).
Ahhh yes.....Gold ! Something that is more and more topical in today's climate.
We could go into this on a global scale with many aspects of buying gold and it's worth in our current world economy....hmmm.
Let's just say it's something worth considering.
No point in getting too deep into where we are going globally but yep. Buying Gold right now might be a wise investment
How much gold can you leave Thailand with
I've watched this clip on my own, dred to think if my wife and I watched it together 😂😂😂
In Chinatown in Bangkok I have never being charged the commission for buying one bar of 5 bath gold .
Interesting so you pay the spot price?
exactly on spot price . buy and sell then sell and buy physical bar of gold 😊 Bangkokians do everyday
@@Amy-rz5zdno you don’t. Makes no sense. And thai spot is different from world spot. And thai gold is just 23k. They fooling you.
I only buy 1 oz gold Britannias and 1 oz silver Britannias. Just buy pure gold/silver in coins or bars and never buy jewellery which is very rarely pure gold and massively overpriced. But if you're buying and holding gold in Thailand then it's the 96% gold bars you want as that's what that market dictates.
Can you use Gold as currency in Thailand?
The right time to buy is anytime....gold is a long term investment ..
🙌🙌🙌
The best investment is land! The easyest to carry is diamonds but it takes a specalist to se if they are the real stuff and a good quality. I travel with a few Silver dollars as back up - I never had to use them but I got them stolen once!
Yes quite right 🙏
There’s nothing like holding a little gold bar. I think gold was just over 10,000 baht when I bought my wife her first gold. Crazy how it’s gone up.
Yes and I think more to come! 😁🙏
Just watched this one A question for next time I have never seen a assay mark on Thai gold Do they not use them Buying second hand could be risky
This one is certified but I think definitely second hand Risky👍
I have a gold wedding ring and a gold chain both from Thai gold shops but nether have any form of assay mark
While we are on the subject of gold.
Perth mint are under investigation for apparently selling gold bullion with a lower content of gold than what the value dictates. Too much silver in the gold bullion.
So the question is.....How do you know what you are buying is what they say your buying.
Would you know just by looking at the gold that it was what they say it is?
Who do you trust. Just saying
We have to trust the mint and certificate unfortunately but the shop would buy back in a heartbeat so the money can be released 🙏
Thanks Ryan for another informative vlog. Yes, it is a very Thai thing to buy gold as an investment and to be honest I don't think I ever saw a gold shop in UK in all the 64 years I lived in UK. Since moving here 11 years ago, I am always fascinated by gold shops and the amount of wheeling and dealing in gold here, even rural areas! Just one small thing, why, as a British ex pat, why do you use dollars for comparison rather than pounds steriling? You are right about keeping gold in a safe place, my wife had some in a small red pouch, but thinks that she may have thrown it out with the rubbish at some time as she cannot find it anywhere now! Personally, I don't have enough money to buy any, but do think that it is a better investment than a savings bank account these days. God bless you and trhe family 🙂🙏
Haha yes extra careful indeed!!
She probably cashed it in and gave the money to one of her relatives just doesn't want to admit it 😂
@@M.R.T.V.Videos You clearly do not know my wife of ten years who is a good honest Christian soul whom I trust implicitly. Judge not lest you, yourself be judged.
So 15grams bar @32500 bhat ?
When they send gold to make into jewelry how do they know that they don't change out some of the gold for lesser metals?
I don’t know actually 🙏😊🇹🇭
Because of the waight
Because of the density, all metals have a different density at a given weight. Check out Archimedes golden crown story.
@@fionapickering6389 I remember that story. Lol
I hear that gold prices have been kept artificially low for years because many dealers are selling paper certificates in lieu of physical gold so that there is more paper gold than actually exists in vaults and if everyone claimed their gold at once, many would find that their certificates of ownership weren't worth the paper they are written on. The example of Venezuela shows us all that if you don't hold the gold, you don't own it. The Bank of England simply stole Venezuela's gold at the behest of the USA. And that was not the first time that authorities have confiscated gold.
Yes this is exactly it 🙏
Thats very interesting, I think more people will be buying Gold as the banking system looks a bit shaky at the moment. Maybe with thinking about if you have the money which I don't sad to say lol . As you worth considering for children and grandchildren for when they are older . It seems governments are trying to force into a cashless Society well here in the west anyway .worrying times we live in . As always very interesting looking forward to what's coming up next
Cheers Michael 👍🙏
Gold price has risen fast in just 1 year. It should keep rising due to scarcity & costs of harvesting these metals. Credit Suisse little gold bars are 999.9. So it is Not too soft to make into small bars/bullion.
You are right, everyone makes 999 gold bars & Gold Finger is saying it is too soft. The Thai's like to stick to 965. I can get 1 Kilo bars in 999 in Bangkok's Chinatown.
Gold is gold it’s the purity u can sell anywhere in the world
If you think about buying gold in thai bahts and if you think it's already expensive you should think twice cause world gold price is runnung around 1950 to 2000 dollars per ounce.The market trend after the dellarisation ,bank run and USD inflations ,gold price will run up pretty fast.For me 2500-3000 is imminent one to two years target.However in some expert youtube channel such as Ktco some socalled expert said it could possible go up as high as 10000 dollars an ounce.But I wouldnt bet on that price though.For me in realality 3000+/- dollars sound about right for the maximun target for these few years.Just my opinion krub.
I agree! Plus the incoming BRICS which could take on the dollar for reserve currency and is backed by gold 👍
@@thenakedguru1 year later, this prediction came true. Good you bought some gold back then!
@@TheBoobanYeah my bags were full and enjoying the 25%+
I would define "self-reliant/sufficient" as "self-reliant/sufficient most of the time". That means, if one eats bananas then they would eat bananas only when they are in season.
Great video! However, I cannot get over that snake! lol Do you ever have chicks missing?? That could explain it. 😀
I think metalls will be a force to concider the next 5 years. Its gone up the last 6 months yes. My bet is : it will further be going up over the summer and rocket in oktober , how much will depend on how much the banks will sweap up , but Im putting all my cash in gold index and coins this year. I dont see how I can loose money on it. Stocks is pestulence without solid intel atm, in real estate you will need to be in the high end market. Gold , silver yes thank you Ill take it. An interesting question to the gold merchant would be 24 K gold coins. Would he buy it for a good price. American gold eagle/buffalo Austrian Philharmonic, Austrailan nugget , South African Krugerrand , Chinese Panda etc.
Check your gold bar prices and buy as much and often as you can afford to secure for the future financial crisis in the very near future when the globe goes CBDC.
Don’t buy jewelry as investment. You loose always compared to bars or coins.
Also, at least here in Germany, the commission in per cent of the sales price is going down - hence bigger bars and coins cost less per unit of weight (gramm, ounce…).
Then on the other hand, don’t buy only big bars or coins if you want to have it for emergencies.
In that case 1/8, 1/4, 1/2 or 1 ounce coins should be mixed to be more flexible. Even bars with 10 break out pieces of 1 bar could become handy.
It’s all about what you buy it for 😜
the premium in thailand is like 20usd tops on gold jewlery
No physical gold will help and the price is too high . Just get the virtual gold bars when the prices are coming down.
Many people are withdrawing their gold, the derivatives have more risk imo, physical possession is important in case of bank collapse in Thailand. You can also trade the miners and gold stocks which is equivalent to virtual buy and sell in many ways of course 👍
My investment strategy is similar to your with gold.. What your opinion in Bitcoin farming, as they are doing in Issan ??
Too expensive here without much renewable energy but I feel good long term investment 👍🙏
Forget about Bitcoin or similar. Stick with Gold as a more stable investment
Nice to have a small allocation for fun 👍
Buying Gold and Silver is the way to protect your assets.
I agree 🙏
Why can't one sell their Thai gold in another country?
You can but from what I understand the low percentage yellow stuff that Thai trades don’t fetch food prices so you take losses
Is there a link or website that tracks gold prices in Thailand?
Hi Ryan, gold price is at an all time high at the moment. But having said that, if you are buying for Otis and Hugo (meaning for 10 or 20 years down the road), the current price you pay for gold really does not matter because in 10 or 20 years from now, the price of gold would have appreciated in tandem with baht or even more than bath. Cheers from a gold bug. Oh, before I forget, jewelry gold is not "pure" gold. It is mix with other metals to make it stronger because pure gold is prone to dents. Pure gold price is listed as "spot" in international market.
Cheers Nick, yes it’s something I really cost average to be honest for the kids in future to be honest. I think I miners will do well in the coming years utopia 👍🙏
Gold focast to more than double in price ,,,buy now
Yes and the miners 👍
4 years ago 1baht was 21000
I think an ounce in the US 4 years ago was $1600 now $2000 but been as high as $2300 in that time 👍🙏
Odd asking a shop owner if its cheaper elsewhere!
He’s a friend too! 😁
Nice video Ryan, I actually thought you had removed this channel but it came up as a youtube recommendation so I was pleasantly suprised to see it 👍 You're a very wise man for your age, must be all your spiritual studying.
Gold, Bitcoin (crypto) and Land are very sound investments in this crazy macro world atm. I'd really like some Silver but it's hard to get in Thailand, any thoughts on that? as I think Silver returns are going to be better than Gold in the future. Keep up the great work and much love to you and your family.
Thanks and welcome back!
Interesting. But I won't let my other half see this Vlog. She is crazy about Gold!!!!
Haha good thinking!
Swiss gold is famous worldwide. Its gold bars are 99.99 percent pure, which is as pure as gold can get. Gold this pure has many appealing qualities, some of which include:
• An appealing shine
• Higher value, which is good if you plan to resell what you buy
• A longer life span with proper care.
But Thai gold isn’t that pure correct?
i buy gold almost every time i go to thailand gold prices are just going up
Gold is doing great
I bought at 30k THB so a 25% gain this past 6 months
Yankee stacking on RUclips, rich dad poor dad author, mark moss. Supposedly Singapore has a gold/silver depository.
if you buy gold...... buy coins........ not juwerly, Coins are 22 or 24 karat, 99% pure. juwelry is 60% pure. BUT you pay for the fabrication. Coins is the best value for lower prices. 1 ounce. 1kg is even better but more money.
Interesting vid Ryan, but people should be aware that although the price of gold seems to be rising, like any other commodity, the price can fall. Just do not get caught in a bubble
Quite right - I really think one must consist 10-20 year holds on physical gold 👍
im going thailand soon was thinking of selling some crypto to buy a big chunk of gold or is that stupid move
💛💛💛💛💛💛💛💛🌟💛
You can’t lose with gold
Gold sucks as an investment.
Up 35 % since he made the video😂😂
Don't don't wear gold in Thailand if they can they will steal it from you I have had the experience😡😡😡
Giving financial advise is not your thing. The problem with the working class, they can never buy enough gold to make it work for them. It takes money to make money.
More of a hedge and Thai cultural wealth preservation- especially in an economy that is far more unstable than in the west. I’m not sure it is advice as much as it is digging into the subject. You may enjoy the story at the end in which Damos grandmother paid for their university with gold 👍
Still better than nothing.
Why buy gold when silver or platinum is a far better investment , with far more upside potential ?
I buy the miners for speculation.
Hard to sell in Thailand, this is for wealth preservation, the miners and other stocks I hold are for the alpha 👍
Thai gold is not pure or 999.99% as it is in the West. For Thai weights and measures it is 96.9% gold.
Yes that’s what we also discuss here in the vid 😊🙏
I’ve been thinking of buying Australian gold , certified at 99.99%, I would not buy Thai gold , at 96 % , BUT ! , big controversy in Australia Re Perth Mint , , gold was not pure as stated?
Good blog , I’ve walked past these shops many times , never gone in , had no idea how things worked
Millennials prefer Bitcoin. 😁
Both :)
Anyone investing in Bitcoin will hope for the best, but they should be prepared for big downturns, too. While Bitcoin has recovered many times, there's also a possibility that it could go to zero - for example, if several crypto platforms fail and there's a massive sell-off. » Prices crashed in 2022.
Is Bitcoin a Better Investment Than Gold? Which is better depends upon your risk tolerance, investing strategy, how much capital you have to use, and how much you can tolerate losing. Bitcoin is much more volatile than gold, making it a riskier investment than gold.
"Very kindly" lol. Hard to make a profit when you have so many competetors, don't be such a schmuck
Don’t waste your time this guys knows nothing 😂😂
I'd rather have Jesus than silver or gold
I'd rather be His than have riches untold
I'd rather have Jesus than houses or land
I'd rather be led by His nail-pierced hand
Than to be the king of a vast domain
And be held in sin's dread sway
I'd rather have Jesus than anything
This world affords today
I'd rather have Jesus than worldly applause
I'd rather be faithful to His dear cause
I'd rather have Jesus than worldwide fame
Yes, I'd rather be true to His holy name
Than to be the king of a vast domain
And be held in sin's dread sway
I'd rather have Jesus than anything
This world affords today
Religious piffle from a deluded non- gold buyer
@@thefatchap4675
10] That at the name of Jesus every knee should bow, of things in heaven, and things in earth, and things under the earth;
11] And that every tongue should confess that Jesus Christ is Lord, to the glory of God the Father.
Philippians 2:10-11
Where will you spend Eternity?
@@lilydauber3147 christ your delusional.more piffle.well done
Get some silver
Silver I find better to be in the miners ready than physical possession - in Thailan it’s not as easy to sell as physical gold 👍
#bitcoin
Both 😁
@@thenakedguru I can see it makes sense to have physical gold in Thailand and alike and would probably do the same. Not so much in the west for a multitude of solid reasons. Digital gold in my circumstances...😎
If you're buying Gold thinking about short term gains let me introduce you to my friend who happens to sell this Oil made from rendered Snake parts😅555555. Buy it and squirrel it away for the future generations