PCA

.

My use of the word "if" was done to please the readership here as just stating the fact that gold hit a 32 year high when priced in JPY would have met the normal misleading comments that gold is only priced in USD when clearly it's not.

In fact, at the twice daily gold price fixing in London, gold's price is fixed in EURO, GBP, and USD.

http://en.wikipedia.org/wiki/Gold_fixing

and where would you think those prices are derived from? Sorry to say but you are wrong, Gold is a pure USD trade unless there is an unregulated over the counter deal. The prices you see quoted are with slight deviations rooted in currency exchange.

You may be smarter and more able.....but why? What's your advantage?

Give the same information to many people, and it will get interpreted in different ways with different results.

Regarding your question about wether others don't know the same things, the answer is yes, but I organize the information in a different way.

I have a twice exceptional mind (light Asperger's syndrome with high IQ), which gives me a special ability to see big pictures and how things are interconnected more easily than others.

I studied financial markets and products and have worked for over ten years in the front office departments of banks and brokers, including positions as trader and risk manager.

I'm not right all the time, but I haven't made a loss since the Swiss central bank suprised me on the wrong foot when it decided to peg to the Euro.

I haven't traded since october last year. I missed the (predictible) moves of AUD against CHF twice, in december/jan 2012 and in the past month :-( I wanted to buy AUD against CHF at 0.94 CHF, but both times I let it slip...

you just gave me the first chuckle of the day

just hear from the neighbour's wife there was a shooting in the big Tesco Lotus, don't know more than that but probably brings along that shopping is finished for today in case somebody had in mind to go there.

So if you rent a house and relatives come to stay with you what is the requirement there?

Why is this topic causing so much confusion. If you rent the house you ARE NOT the owner, so it's not your responsibility to tell immigration of the foreigner staying there.. it's the responsibility of the OWNER.

Even if you rent, lease or have an usufruct you are still not the legal owner.

No, as head of the household it's your responsibility.

According to section 38 of the 1979 immigration act, "House owners, heads of household, landlords or managers of hotels who accommodate foreign nationals on a temporary basis who stay in the kingdom legally, must notify the local immigration authorities within 24 hours from the time of arrival of the foreign national." If there is no immigration office in the province or locality of the respective house or hotel, the notification is made to the local police station. In Bangkok the notification is made to the Immigration Bureau. The notification of residence of foreign nationals is made by the manager of licensed hotels according to the hotel act, owners of guesthouses, mansions, apartments and rented houses using the form TM. 30.

The notification of residence of foreign nationals within 24 hours can be made in a number of ways to make the notification as convenient as possible:

In person at the respective office, or

Through an authorised person at the respective office, or

By registered mail, or

Via internet.

do you or anybody else know where to get that form TM30, is it downloadable from the internet somewhere or does it have to be picked up from the immigration office or the like?

Thank you

Edit: sorry just saw that there is already a link posted

When people are surveyed and offered the choice of earning 100 dollars and their neighbor earning 90, or earning 110 dollars and their neighbor earning 120, people overwhelmingly choose to earn 100 dollars rather than 110, just so long as they have more than their neighbor.

I too am surprised at the seeming hatred espoused by so many at every opportunity that the Thais are corrupt, lazy, can't do anything right and everything is about to collapse at every moment as its all built on lies or built wrong because it was built by stupid lazy corrupt Thais.

I think a lot of these people want to feel superior to their Thai neighbors, but as Thailand develops (and they get relatively and possibly absolutely poorer) that sense of superiority they used to feel is lost and they're desperate to have it back so they hope and pray for a Thai economic collapse and see signs of its impending arrival everywhere they look.

I don't think anyone is interested to see a collapse as the consequences for anybody would be dire. I'ts all about the exchange rate as it hurts tourists, expats and the very majority of the Thais and their economy. This whole thread is just a joke in itself and should be listed under chit chat since it purely consists of provocation, miscommunication and nostalgia. Amen

wow that are great return ... so share it with us, or you think that will kill your olden goose eggs, which i doubt, so i doubt any of this bragging is real in the first place, or share to prove it to all

loooooooooool

if you refer to the post of Pinot then this sounds real and probably is. You might have read the dividend performance of 6% as a monthly return but after doing the math with 1000$ it should be obvious that this is meant as yearly.

If anyone would be happy with 10%-20% per month, (3 years historic records), minimum $50,000, no 'lock-in',in a highly reputable Forex, p. m. me or write me at : [email protected]

LOL

hope nobody is happy with 10 - 20% per month

post your historic records here so that I can cut them in pieces right away.

For anyone who assumes money in the bank is safe:

"""EU ministers and the IMF have hammered out a bailout agreement with Cyprus, EU officials said. The pact includes a one-time tax of 9.9 percent on Cypriot bank deposits that exceed 100,000 euros, as well as a tax of 6.75 percent on smaller deposits.

After 10 hours of talks on Saturday, representatives from the eurozone, the IMF and the European Central Bank agreed to a $13-billion (10 billion euros) bailout package for Cyprus to save the country from bankruptcy.

Cyprus has been struggling to repay its debt following its exposure to the recent Greek financial crisis.

The main source of contention in the months-long negotiations was whether to make depositors pay a levy on their holdings in Cypriot banks. Cyprus is concerned that the plan to offset the cost of the bailout will prompt a massive withdrawal among bank clients, who have grown accustomed to generous conditions on their savings on the island.

Speaking after the meeting, Cypriot Finance Minister Michalis Sarris expressed reservations over the bailout, saying: "I wish I was not the minister to do this." However, "Much more money could have been lost in a bankruptcy of the banking system or indeed of the country," he added.

IMF chief Christine Lagarde said the bailout package for Cyprus is "sustainable for the Cyprus economy." Nicosia is now working to ensure that the new conditions on bank depositors do not trigger capital flight from the country.""""

-RT

This is robbery, I wonder when we'll get the first assasinations of decision makers holding key positions

can we win a price like a car, a helicopter flight over Pattaya or some chocolate bars?

Thanks to all replies so far and please keep them coming. Now I have posted this on behalf of a friend of mine and I will have to forward your ideas for his consideration before contributing further.

Thanks again.

I would like to raise a question about UK Inheritance Tax and the best way to avoid or minimize it according to the current legal situation.

Assuming there is a Real Estate business running in the UK (owned houses split into flats that are rented out) and the owner has been living in Thailand for the past 6 years. He is UK citizen and would like to ask people with experience or in a similar situation to share their ideas and possible solutions.

Thank you for reading and welcome to any sort of suggestion.

Not sure if this question is placed right into this sub forum but if not then Moderators please move to the appropriate.

I came to that conclusion because I have been trading currencies and almost everything else tradeable since roughly 20 years so I don't need lecturing from you what is true and what not. The OP asked for a specific time frame (4 months) to have a decision made about the transfer and I did agree with the other poster who suggested a half now half later split. A suggestion what I would do and what is yours?

sounds most sensible, trend is down and currencies usually do that for a long time. I also assume at least a test of 40 in the near future

Transfer half now and take your chances with the other half?

That is not true at all. Trends more often last minutes or hours. If you think I'm wrong, then please show how you came to this conclusion.we

well seems like you did not even read the original question from the starter of the thread. Beyond that it was you who said I am wrong and not the other way around. I am not going further than repeating that currencies have the tendency to trend long in every time frame once they start trending.

Transfer half now and take your chances with the other half?

sounds most sensible, trend is down and currencies usually do that for a long time. I also assume at least a test of 40 in the near future

That is not true at all. Trends more often last minutes or hours. If you think I'm wrong, then please show how you came to this conclusion.

I came to that conclusion because I have been trading currencies and almost everything else tradeable since roughly 20 years so I don't need lecturing from you what is true and what not. The OP asked for a specific time frame (4 months) to have a decision made about the transfer and I did agree with the other poster who suggested a half now half later split. A suggestion what I would do and what is yours?

Transfer half now and take your chances with the other half?

sounds most sensible, trend is down and currencies usually do that for a long time. I also assume at least a test of 40 in the near future

If 10% - 20% historic returns for the past 3 years interests you, P.M. me.

Minimum amount is $50,000 U.S.D.

Account remains in your control....not locked into any P.P.P. or the like

Overseen by Australian Regulatory Boards

LOL

All currency Futures are USD trades so there is no hedge for THB possible using such.

an urban legend which does not become true even if repeated very often.

was always the case and still is with globally traded Futures contracts.

I think you're getting a little too fancy for your own limited knowledge in your own examples, and in trying to put down other posters.

The result being you're just showing your own lack of knowledge, by not being able to adequately answer and follow thru your own initial example.

I doubt you actually trade futures either, as someone who does would understand how they could indeed use futures as a reasonable hedge regardless of the whether the money has to be transferred in from abroad or not.

Someone who actually trades futures knows they can be bought as well as sold + someone actually trading futures also knows in the majority of cases buyers and sellers close-out/offset their positions by taking out an opposite position rather than letting them mature. So someone trading futures would know the net effect can then debited or credited to the trader's account at settlement date.

Hence if correctly structured the net gain or loss on the futures contracts largely offsets the movement and gain or loss in exchange rates on the underlying exposure of the condo purchase. i.e you don't need to take delivery of the opposite currency on a futures contract, and it's the profit and loss movements that count. So you don't have to worry that the foreign currency needs to be transferred in from overseas or not

Simply put: if you have foreign currency offshore waiting to transfer in, you could indeed take out a futures contract, then take out an opposite contract near maturity instead of letting it mature to close out. You then have the net gain or loss on your futures contracts, you then adjust the amount of foreign currency you transfer by adding or subtracting the profit or loss on the futures.

BTW In your example someone might also use currency options as well.

Moral of the story: play nice with other posters who know less than you do, as there's always someone who knows a little more than you do.

All currency Futures are USD trades so there is no hedge for THB possible using such.

PCA

Currency futures generally come in pairs so it needs to be USD vs something. If you look at the "USD futures" on the Thai Futures Exchange (TFEX) for example you'll see their "USD futures" priced in THB.

Hence the hedge is indeed possible. The following link shows the market prices and you could click on the other tabs for things like contract specification and education.

http://www.tfex.co.th/en/products/usd-mktdata.html

BTW Although it's possible to hedge using futures, I wouldn't recommend it for the average person doing it themselves

Hi fletchsmile, thx for the hint. I did not even know that there are Currency Futures listed on the Thai stock exchange. If then of course there is a way to hedge USD/THB.

My apologies for asking the wrong question and heartfelt thanks for supplying me with a more appropriate one. With that in mind, I have a question:

I will be buying a 10 million baht apartment with completion in about 3-6 months. Should I commit capital to currency futures in order to facilitate this?

Thanks for your much anticipated answer.

Apologies but my example is flawed because if you were buying a property with foreign ownership then you would be required to transfer the funds in foreign currency, so a future would not be appropriate. A hedge might be ie to protect yourself against a wild drop in sterling. eg 5% on 200,000 = 10,000. You might be better advised to shorten the period between offer and transfer of funds and hope that even here the sale is not affected by a period of heightened volatility. In addition transfer 10% more in funds than is actually required to protect against such.

I think you're getting a little too fancy for your own limited knowledge in your own examples, and in trying to put down other posters.

The result being you're just showing your own lack of knowledge, by not being able to adequately answer and follow thru your own initial example.

I doubt you actually trade futures either, as someone who does would understand how they could indeed use futures as a reasonable hedge regardless of the whether the money has to be transferred in from abroad or not.

Someone who actually trades futures knows they can be bought as well as sold + someone actually trading futures also knows in the majority of cases buyers and sellers close-out/offset their positions by taking out an opposite position rather than letting them mature. So someone trading futures would know the net effect can then debited or credited to the trader's account at settlement date.

Hence if correctly structured the net gain or loss on the futures contracts largely offsets the movement and gain or loss in exchange rates on the underlying exposure of the condo purchase. i.e you don't need to take delivery of the opposite currency on a futures contract, and it's the profit and loss movements that count. So you don't have to worry that the foreign currency needs to be transferred in from overseas or not

Simply put: if you have foreign currency offshore waiting to transfer in, you could indeed take out a futures contract, then take out an opposite contract near maturity instead of letting it mature to close out. You then have the net gain or loss on your futures contracts, you then adjust the amount of foreign currency you transfer by adding or subtracting the profit or loss on the futures.

BTW In your example someone might also use currency options as well.

Moral of the story: play nice with other posters who know less than you do, as there's always someone who knows a little more than you do.

All currency Futures are USD trades so there is no hedge for THB possible using such.

Paper gold!

I want to caress my gold bars.

when you look at how red his fingers are from the pressure of holding it up does it not clearly indicate that Gold wants to go down?

another one working as good is to put rice/sugar/whatever in a plastic bag and hang it on the refridgerator contacting the door. The steady vibration makes them all run, not as fast as they would in the sun but there's not always sun when there are ants

am back in today, anyone more ?

good luck with this one, as I see it going down 1550 and more likely below but this is just chart reading. Since volume is going to dry out over the next 10 days or so it is probably easy to "fix" the price upwards again given there is an interest for this from institutions and commercials. This is years end book closing period for institutions and they are all keen to polish up to a decent performance in order to attract new investors for next year and Gold is one of the few markets where profits can be taken out compensating losses elsewhere. I don't think this slide is finished before squeezing more people out.

hehehe, had already recognized what a nutjob you must be when you had another argument here. So let's trade you and me on live accounts and let Thaivisa audit and confirm results.

By the way did mummy hug you so strong for the last few hours that you have to use big bold letters to express your psychosis?

This signal selling what you try to market here shall it provide you with a holiday ticket to Thailand again? I mean if you want to accelerate fund raising there probably is a McDonalds somewhere near your place where you could apply for a job.

I initially replied to griffer (not your business) but apparently you read that addressed to yourself which raises the question if you are running multiple aliases here to promote your pissjobs? Just a guess - lol.

PCA

Tell me what is the matter with you ?? Instead of attempting to make a name for yourself (you are-as a <deleted>) why don't you follow the information, analyse it and act on it.............??

If your intelligence level is too low to interpret whats on offer than that is not anyones problem but yours...........

what should I tell you? And what information should I follow and act on? Really my intelligence level must be too low, well must be like that if a seasoned trader like yourself says so.

Now go back and play in the sand box.

hehehe, had already recognized what a nutjob you must be when you had another argument here. So let's trade you and me on live accounts and let Thaivisa audit and confirm results.

By the way did mummy hug you so strong for the last few hours that you have to use big bold letters to express your psychosis?

This signal selling what you try to market here shall it provide you with a holiday ticket to Thailand again? I mean if you want to accelerate fund raising there probably is a McDonalds somewhere near your place where you could apply for a job.

I initially replied to griffer (not your business) but apparently you read that addressed to yourself which raises the question if you are running multiple aliases here to promote your pissjobs? Just a guess - lol.

Anytime /

By the way did mummy hug you so strong for the last few hours that you have to use big bold letters to express your psychosis? Yes. And she passed away after my birth. So you. Are out of line.

Post your trades and all will see.

I apoligize for that statement of mine.

hehehe, had already recognized what a nutjob you must be when you had another argument here. So let's trade you and me on live accounts and let Thaivisa audit and confirm results.

By the way did mummy hug you so strong for the last few hours that you have to use big bold letters to express your psychosis?

This signal selling what you try to market here shall it provide you with a holiday ticket to Thailand again? I mean if you want to accelerate fund raising there probably is a McDonalds somewhere near your place where you could apply for a job.

I initially replied to griffer (not your business) but apparently you read that addressed to yourself which raises the question if you are running multiple aliases here to promote your pissjobs? Just a guess - lol.

yep you're dead right.. its a lot of work and a lonely business....sounds like you might have tried it once..

how did you get on?

hang on.. maybe I can guess....

I am usually on the other side of your trades so I help you guessing, before you came to the playground I did the same thing with the boy running the board you recommended first.

PCA. Are you having monthly emotional problems or something.

If you don't have anything of value to offer the thread. <deleted> are you doing here?

ATLEAST POST SOME TRADES PLEASE.

GBPJPY sell entry 127.36 Plus 50 . So i guess that means PCA is minus 50...LOL

you clown are just posting signals for other losers like yourself, posting all the glorious victories and not mentioning the losses or when you get stopped. Well better said when you would get stopped because most of the trades are either just on paper or single lots, hehehe. Why don't you post your tickets and I will start to do the same you little pisser. Pretty sure within a week you will be gone from your (you think your) thread. Coming on with a blown up chest after some paper gains and disappear again for weeks where you hide to probably cry and mourn or prey to Fibonacci and the like.

You might remember a couple of years back we supposed to meet in Bangkok in order to discuss a trading project and when I came there and called you suddenly you had to go to Koh Samui with a drinking mate of yours - wow really serious your business scheduling.

Now proceed as you wish or spout off.

Lucky you are that there are people dumb enough to not see through your comedy.

Have a nice weekend