Dazinoz

32 minutes ago, Neeranam said:

The start of the Great Depression has started. I predict the Dow to fall to 22,000 in the next 2/3 days and to 15,000 in less than a month.

Anyone holding stock now is deluded.

Nah, everything is rosy. Apparently according to a lot of experts on TVF.

Australian markets dropped over 7% today, the biggest since 2008. Interesting to see what US markets do tomorrow. Don't know what's happening with other world markets.

But hey, everything is rosy!!!!!

3 hours ago, owl sees all said:

What good sound sense and advice.

 

BUT!!!!!!!!!! Now is the time to buy.

 

If the Chinese virus starts killing millions; the US war machine decides to strike for oil in in Venezuela, or somewhere else, the EU implodes, or China has enough of US interferences. Israel goes to war with Iran, or Turkey with Russia (bringing in NATO). You will not see change from treble it is now. And consider, the China virus cannot be solved by printing trillions of dollars.

 

Not sure what you would need to buy gold in the future: Bitcoin, Yuan (backed by gold). Definitely not the Dollar or Euro which will be long gone. We would probably return to goods for goods. 

 

"Forget banks and deposit boxes." Absolutely!! We must stay clear of any authority on this, or they will come for us. Army, state police and private militia.

 

A word of caution. My friend Aussie Mark died 4 years ago and his ex and her family are still digging in their farm for the buried gold. Went past his old house recently, and they were out with metal detectors and a small JCB. Only give the map to a trusted family member or friend. Better still cut the map and directions into pieces and give them to people you trust.

My 37 baht Thai gold hidden and only 1 person in Australia knows where it is hidden. So if I snuff it she has to make trip.

4 hours ago, Nero Dog said:

Google Perth Mint

Buy 1 or two ounce gold coins. 

Love to be able to buy the worlds biggest gold coin from the Perth Mint......1 tonne pure gold. Has a 1 million denomination but obviously worth much more.

3 minutes ago, jaideeguy said:

We bought @ 23K baht 10+ years ago..............great ROI!

I have bought 37 baht worth over last 4 to 5 years at an average of 19846baht/baht. So I haven't done too bad.

I had bought some shares in Australia now worth zero and will NEVER go up. I have a better ROI on my gold. 

Many gold haters on TVF.

7 minutes ago, Brunolem said:

How long can the global markets be propelled ever higher by steroids/money injections? 

 

We will have the answer soon enough... this decade for sure... and it's not gonna be pretty... 

 

Nah, will never happen, everything rosey (according to many self appointed financial experts on TVF).

2 hours ago, rebo said:

What a nonsense report! Gold price moves by 100 THB/Baht almost daily. Often much more.

Yep.

4th +450

5th +250

6th +450

7th -100 - wow breaking news

1 hour ago, CH1961 said:

You should have a shotgun too ... just in case ????

Yep. But not many people know where I live and if anyone finds it they probably deserve it.

The good thing about the bars is 37 baht doesn't take up much room.

1 hour ago, Oxx said:

And what intrinsic value does gold have? Pretty sure it's close to zero.

From Investopedia.

"Some people argue that gold has no intrinsic value, that it is a barbaric relic which no longer holds the monetary qualities of the past. They contend that in a modern economic environment, paper currency is the money of choice; that gold's only worth is as a material to make jewelry."

7 minutes ago, Orton Rd said:

Must have just gone up, been 139 for a while

I buy the 700ml or 1000ml from Big C. Cant trembler price as last time I bought case.

14 minutes ago, scubascuba3 said:

I just tried Blend 285 and it tastes like whisky, similar to Bells or Teachers. Good for 145 baht from Familymart for 345ml

Yep, my home favourite.

10 minutes ago, Oxx said:

 

You are suspiciously vague about the precise period over which you've been buying the gold.  Perhaps hiding what a pathetic investment it's been in real terms?

Yet another assuming expert. How am I hiding a pathetic return? Quoted how much I paid on average and how much its worth today, not simple enough for you?

And the time frame less than 7 years as that's how long I have been here I would say around 5.

Amazing how every one thinks they know everything about other people businesses.

1 hour ago, Oxx said:

Did notice, however, that the current price is the same as it was in 2013, so in seven years it's simply gone nowhere and not a single baht in income.  (And pre-2013 the price was higher.)  That's pretty dire.  You'd have been better off putting the money in a bank savings account.

Over the last few years I have been buying and selling Thai gold bars at a cost average of 19846baht/baht. I currently have 37 baht and todays value is 24800baht/baht. So 37 x (24800-19846)=183,298baht profit if I sold today. Bit better thank banks.

Just wonder why so many people hate gold.

5 minutes ago, Yorkshire Tea said:

I've only bought Xiaomi phone & air purifier.  got them off Lazada, the local shops ain't cheap.

If they have the walking pad I can check it out then buy online.

57 minutes ago, Yorkshire Tea said:

There's one in Promenada, in the middle of floor in same building as Rimping.

Thanks. Its closer to me so will check it out before Central. But at least I have 2 now to checkout.

Just now, Logosone said:

Yes there is one in Central Festival

Ok, thanks for that. 

Hi, anyone know of shop/shops selling Xiaomi products in Chiang Mai other than mobile phones?

I am after a walking pad. I did a google search and a few shops came up but most seem to be phone shops.

7 minutes ago, TooBigToFit said:

They used to have 5 and 10 baht bars in some of the small shops which were bars rather than cups like in the pic someone posted.

The gold shop I normally deal with had a 20 baht bar the other day as well as the 1s, 2s, 5s and 10s.

6 minutes ago, Number 6 said:

Go to Singapore. Gold isn't taxed on sale. Trustworthy, honest. You can also get storage there as well. You're crazy to do this in Thailand

I did this with some silver. Bought 4 x 100 ounce bars. Problem was I couldn't sell them in Chiang Mai had to go back to Singapore.

Wanted to sell 1 bar but visited heaps silver shops around Walai Road. They didn't want anything that big. I contacted the company I bought them off and they would buy them back no problem. Problem came when I tried to insure them to ship back. Most would not do and the one transport company that would wanted a fortune. End the end it was cheaper for me to fly there, sell, stay one night and fly back next day.

I like to do with Thai gold as it is as easy as going to the bank to get cash.

7 minutes ago, Antonymous said:

Prices and commission rates are shown at every shop and can change several times during the day. The commission on bars is quite small and you CAN negotiate lower commission for larger amounts (say 80 baht weight for example)

I have bought and sold these type bars in Chiang Mai awhile now. I have never paid a commission on 5 baht or greater size bars and never had to bargain. Yes I paid on the 1 and 2 baht bars. Usually buy at one gold shop in Wororot Markets. They charge a 200 baht commission per baht weight on less than 5 baht bars. Sold a 1 baht bar the other day at gold shop in local Big C and they charged 300.

3 minutes ago, jesimps said:

Except that it's only 35% proof, hence it's cheap like low alcohol whiskies in the UK.

Do you mean percent alcohol or proof? They are different. Proof is twice the percent alcohol content. So an alcohol drink  with 40% alcohol content is 80 proof.

Ok, off topic but  does anyone know where I can buy Port in Chiang Mai?

46 minutes ago, Max69xl said:

Never seen a bottle in real life. But it looks nice.

Actually tastes ok. Took photo of bottle where it was served in Pattaya. Been looking around for awhile for it in Chiang Mai and found it at Big C. Cheap too, about 269 for a 640ml bottle.

1 hour ago, Max69xl said:

This isn't about comparing thai whiskey with a single malt or a good scotch. OP asked a question about thai whiskey, and then 90% of the replies are totally irrelevant. Thai people don't drink whiskey neat, they even mix Johnny Walker Black Label with coke. So far only one thai whiskey has been mentioned, Blend 285. Mix it with a lot of coke like thai people do, then it will taste like a cheap scotch. After a few glasses you won't be able to tell the difference between a scotch and Blend 285. 

Actually I mentioned Grande which is a Thai blended spirit but as I mentioned I am not sure what it is classed as. I ordered a whisky drink and got this.

PS. Just copied this from their Facebook. "High quality grand liquor. Easy to drink. Comfortable neck. Suitable for new generation. It's another quality choice for both whiskey and Brandy."

8 minutes ago, Matzzon said:

Not that it would surprise me, but where in the world did you read that?

"Anyway, reading the posts in this thread makes it obvious that being an alcoholic doesn't mean you're an expert on booze".

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