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Mali_in_CM

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Posts posted by Mali_in_CM

  1. Hi,

    I'm retired US Mil but I don't send $ to Thai bank.

    I never bank where I live or in the US. Saves a lot of hassle.

    BTW, I'm going through the retiree visa thing now. You need EITHER 800,000 B in the bank or equivalent income. In fact you don't need ANY income, just a affidavit from the US consulate that says you have such an income. The consulate and the Thai immigration didn't even want to see my RAS from DFAS.

  2. "Mr. Jitti also urged the new government to complete its plans to set a gold standard of 96.5% for pure gold to protect the quality of gold products manufactured in Thailand."

    Now there'sd a concept.

    Either he doesn't understand the terminology, or can't do the math, or both.

    Anyway, it should be about $500/oz by next spring. So, depending on the baht rate, about 10,000 B/B.

  3. Back on topic.

    I'm a goldbug who figured oyt a long time ago that threre's about as little point in debating gols as there is in debating religion, labor unions or other topics about which people have passionately held, but not always sensible, opinions.

    You either believe that gold is money or you don't.

    If you were 'fully invested' in the US bubble and own a few houses which have tripled, you probably think of gold as an anachronism, a drag on 'wealth' and of evryone who espouses gold as a nut-case.

    As far as where we're heading, probably $500 by April 2006 and $600 a year later.

    Doug Casey, who knows more about gold than most ever will was asked in the 1990s if he thought gold would go through the roof again [as in 1980]. His reply: no, last time it went through the roof; next time it's going to the moon.

    Richard Maybury, at EWR http://www.chaostan.com

    predicts $5000, IIRR, when the various wars get going in earnest.

    I agree with an earlier post that silver has a greater potential than gold, in % gain.

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