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TheCruncher

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Posts posted by TheCruncher

  1. Looked like the new mall had hoovered up all the local 'Bangkok plates' interest.

    Says it all. Anyone think the Bangkok people drive 300 km roundtrip to buy something that is available at the plenty of luxury shopping malls right on their doorstep?

    A few more weekends and you can play football on each floor without getting in the way of customers

  2. One shop on Pattaya Klang at that time told me they could order it.

    but you have to pay the full prevailing price when ordering and the waiting period is up to three days.

    I think Ausiris on Sukhumvit delivers on the spot or actually you pay when you receive, so if anyone has more details about them please let me know.

  3. Cruncher if there was a letter, you and I would know about it by now.No one can claim here in this forum that their sources are better than the rest and that's for you Jiu.

    They send letters to their customers every month. A friend of mine has bought into another unfinished project from them, Tulip, and get letters every month where they also talk about waterfront.

    They still keep saying that everything is above water and will be cleared in the very near future.

    In the letter he received in February the claimed that new plans had been submitted and everyone was satisfied now.

  4. 99.9 is hard to find in Thailand. If you are lucky you can find a shop that has bought some gold coins from farang. In any case wouldn't you just ask the price and pay that or walk away? The price over spot is paid by you so up to you.

    I think 99.9% is no problem to find. Ausiris sell the Swiss Pamp and also a Ausiris bullion that is 99.9%, but as I said in the OP, no English language info about fees on their website or from their office on Pattaya Sukhumvit.

    In the past, several years ago, I have also seen 99.9% bullion is a few gold shops around Pattaya. One shop on Pattaya Klang at that time told me they could order it.

  5. It aint big enough giddyup sorry..............rolleyes.gif

    Right, with days reaching 40c, there's not much chance of just 12,000 BTU in a 30sqm room coping well.

    According to Daikin, 18,000 BTU is where it starts for this size room: http://www.daikin.co.th/service-btu-calculation/

    According to my own experience in a similar sized room (5.5 x 6.0M), with a few heat sources, a dormer section (5M high), but no direct sunlight, 24,000 BTU isn't even enough on a 40c day. I recently upgraded that one to 33,000 BTU, which does the job - but even so, can still only get the room to 23c when it's 40c outside.

    The little research I did showed that a 12,000 BTU aircon would service a 450-550 sq. foot room. My room is approx. 5 x 4 metres = 20 sq. metres = 215 square feet, or less than half of what the aircon is capable of cooling.

    Your room must have shrunken in the laundry, because a few posts ago it was still 5 x 6 = 30m²

  6. Our power bill is about 4 - 4.5k per month, we only use A/C at night in the bedroom, set to 28C, any lower and I get cold (Wifey is wrapped in the duvet at all times).

    A large chunk of our usage is IT (1-2 computers plus a server) we have a standing load of about 800W 24/7 with peaks when the freezers fire up.

    Wifey has 5HP of water pumps to keep her plants happy.

    Solar coming soon, watch this space (OK the Electrical forum).

    My bill is usually 4,700 ish in the dry season mainly due to watering 1.5 rai of thirsty grass, trees/shrubs and the pool

    It does drop down by a couple of thousand in the rainy times......

    We don't use aircon, tv or computers on line, so it must be the pump drawing water from the bore hole and the pool pump room

    Anyway small price to pay compared to where we came from ?

    Then you must have a heavy pump. I live in the same area as you, have auto irrigation system with 2hP pump for 1000m² of lawn running twice a day, deep well with 1hP pump, pool with 1.5hP pump, Jacuzzi and waterfall which each have their dedicated pumps, 2 aircons running every night, PC online at least 12 hours a day and my highest bill in the past 4 years has been 3200 Baht.

  7. This being the Samui and Islands forum, is where we are tongue.png

    Big thumbs up for reminding.

    Usually I check where "we are".

    But this time I didn't notice!!!

    (and just wondering why I saw it all, not in my usual filter, has it been moved?)

    And the topic in no way is Samui specific.

    Misplaced as can be tongue.png

    Now class pay attention, to topic headings tongue.png

    Yes, agree it is a nationwide thing.... your posts are usually good and well informed KBQ,...thumbsup.gif

    I was never sure if you were a Samui resident! Now we know!

    Well, the topic heading says No more Casino products in Samui.

  8. The best place is Singapour

    Special traders can import gold for you without paying import

    duties or any tax. They have their own vault (small fee) where

    your gold is stored in your only name, pictures are taken, full

    insurance. Whenever you wish you can resell your gold to the same trader,

    without any tax, or withdraw it in person. These traders are not bankers.

    They are controlled by the Government. Singapour traders will never inform

    anyone, Governments included, about your assets.

    I bought through Bullionstar, but there are others. [email protected]

    Gold does not pay interests or dividends. So you don't have to declare

    your gold to your Tax Officer. Only capital gains are to be declared

    when selling with profit.... but noboby knows

    I had a look at their website, but can't actually find any concrete figures about whet fees they charge for buy and sell. May be you can forward the information to me?

    The only thing I notice is that they clearly claim that Bullionstar bar has no spread, though if I look at the sale price for The 100gram bullionstar held in their vault it quotes Gold Bar 100 gram - BullionStar Mint gold bars with no spread only SGD 5,498.77, while the buy price is is higher.

    Any specific information regarding the buying and selling fees?

  9. Something that hasn't been mentioned.. you could fly to Singapore to purchase gold bullion then place it into a very secure facility for long term storage.

    Google Singapore Bullion Vault

    Kurt

    It has been mentioned at least 3 times already, and I have replied as many times that I have NO interest in purchasing gold outside of Thailand, and definitely NO interest in storing it at a location where it is outside of my immediate control.

  10. Do not buy Thai gold coins (the only type available in Thailand) ... I assume you are interested coins (though same applies for 1oz, 5oz and 10 oz gold bars). Thai coins are just not that useful, they are limited in their market appeal. It's much easier to sell or trade the gold coins of recognized currencies : US, Canada, Austria, Australia, UK are amongst the best options. Best/closest place to buy is Singapore. There are a number of reputable bullion dealers there. Can make the trip site seeing, visa run and bullion buying. BTW, silver is presently not a bad bullion at the moment ... take a look at the historic price spread between gold and silver. As someone else has said here, you also have the option of storing your purchase in Singapore.

    I pointed out earlier already that I'm not interested in coins and since my money is already in Thailand, I also not gonna make extra cost of transferring money to buy gold in any other country than Thailand.

  11. Unless you absolutely need to keep your bullion in Thailand I would suggest an online brokerage in Singapore which also allows you to store your purchases securely on the premises. They also have a very competitive buy back facility. PM me for more information.

    Please post your info in this thread so everyone can benefit from it, as that is the purpose of a forum. If it is such a secret that it can't be made public I'm not gonna trust it anyway.

    Also, however I believe that there are trustable companies that store your gold on their premises, my intention is to control the assets by myself. Otherwise I would just have left the money in the bank in my home country, or would purchase paper gold.

  12. For news about GOLD...go to King World News...people with years of experience trading gold give their studied opinion on the present state of Precious Metals...

    For real time price updates on your computer go to Kitco.com (download KCAST)

    I have used several on-line dealers...my favorite is JMBullion...their metals are very competitively priced and may include free shipping...

    Buying silver in volume presents a problem with bulk...however...silver is forecast to become many multiples of present prices when fiat (paper) money tanks...

    You can not go wrong preserving a portion of your wealth by purchasing precious metals...

    CAUTION...Do not display your metals or tell anyone that you have purchased metals or where they are stored...they just may mysteriously disappear...

    Good Luck!

    You realize thatyou're on a Thai forum?

    Because all the companies you mention are based abroad, and JMBullion doesn't ship, free or otherwise, outside the US.

  13. If you intend to buy, hold and sell in Thailand then 24k gold (99.99%) is not such a good idea. If you get 23k gold (96.5%) you can sell it anywhere, specially if you buy in China town. You can safely buy in any of the gold shops there with complete confidence. You will not be sold a fake there because however much you buy it will be a minor amount to them (unless you're talking about 3 or 4 figure kilogram numbers) and not worth the problems selling fake would be.

    All gold shops will buy their own 23k gold back usually with no testing, you might find it a little less easy to sell in a different shop specifically because they will probably be flash heating your bar (or jewellery) to 1,000 degrees C to ensure that it is not fake (that temperature will have no effect on a real gold item)

    The difference between the buying price and selling price for bars is 100฿ Per 1 baht weight (15.24grams) so you can make a profit in 1 day or less, this mornings price gets you a profit from yesterday of .0072% or 150฿ Per baht. Of course you can also make a loss.

    A good website is http://www.goldpricethai.com

    Carrying significant amounts of gold internationally even if you have the correct paperwork is not something I would ever want to do, as you can guarantee that every customs inspector and police force will be extremely interested in you, your reason for having it and why you're carrying it. Also I think that there a not a large number of countries where you can sell for a reasonable price even if it is 24k not to mention the tax that can be imposed

    I don't really understand why 99.9% is not such a good idea, I would think the purer the better.

    My interests are not in buying and selling in the short term, though of course when necessary it needs to be possible to be sold on short notice.

    I'm also not so much interested in the spread, rather then the fees that are involved. How much premium you pay on the official price when you buy and when you sell?

    Any reliable addresses in the Chonburi Province?

  14. Probably the best known, longest established gold trader is Hua Seng Heng on Yaowarat Rd in Bangkok.

    If you want to buy gold in any serious quantity in Thailand with the expectation that you'll eventually sell it again in Thailand, then this shop is the gold standard (pun intended), but any of the larger gold shops especially in China Town (or elsewhere in Thailand) are equally reliable and trustworthy. I've bought and sold gold bullion at Thong Dee in Pattaya over the years. Totally reliable, trustworthy, honest, etc.

    If you want to buy gold bullion in quantity with the intention of taking it back to your home country. Rather than carting it about with you and facing inevitable import/export issues, why not buy it on your next visit home and store it in a safe place like a bank safe deposit box.

    Someone else asked about exporting gold bullion from Thailand and there was no definitive answer, but it obviously sounds like a potential hassle.

    http://www.thaivisa.com/forum/topic/647366-flying-with-gold-bars-out-of-the-country/

    The reason I don't buy in my home country is that it will involve higher fees, higher tax and higher everything else.Other then that I live here and have for that reason, and that I don't trust the nanny state with my savings anymore, moved my assets to Thailand.

    I have no intention to take it out of Thailand, but I want to be prepared for every possible scenario.

    Where is Thong Dee located in Pattaya?

  15. The movement of gold are controlled just like the movement of money, because gold is money (real money). You can obtain an export permit to take it out. If you bring gold in from the outside you must obtain an import permit and pay 7% VAT on it. If you don't do it you can't take it out legally again.

    The best place to go is China town in BKK. Thai gold are well known in the gold community, world wide. So if you have 96,5% Thai gold you will be able to trade it anywhere in the world. They test the purity and you get paid pro rata. Everywhere in the world you get 24 carat gold or 22 carat or 9 carat etc (it's the same as a percentage 99,9% or 96,5%).

    Just Google where is the best place to buy gold in BKK and you will get addresses at names.

    How does this work with gold purchased here, as I don't have an import license for that one obviously, so do I have to take certain precautions to be able to export it if needed?

    The money I will use has come officially into the country and sits currently in an FCD.

  16. Trump's not wrong about a 'massive recession'

    Economists were quick to point out the obvious: There’s no sign of the “very massive recession” Donald Trump predicted in a recent interview with the Washington Post, either now or any time soon. In fact, overall job growth is strong, suggesting a modest economic expansion is likely to continue.

    But Trump wasn’t speaking to economists. He was speaking to millions of angry Americans who feel Trump is exactly right about economic collapse.

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