CalifornianInThailand

Why do you "trust this particular gold dealer (and only THIS gold dealer) completely"? What does Hua Seng Heng have that makes you trust it "completely"?

You've answered my question by saying, "I'm sure it would be safe... I haven't done any research at all."

You are taking this way too personally and missing the point, which is to weigh the pros and cons of depositing gold at Hua Seng Heng. You went from asking "would it be safe to deposit the purchased gold at Hua Seng Heng?" to concluding, "I'm sure it would be safe," so I became curious as to how you qualified Hua Seng Heng to draw that conclusion, as their good reputation is common knowledge. If your conclusion was based on careful research and logic, feel free to share them on this thread, which is one that you started. If not, and given your repeated evasion of the question, your conclusion is unsupported.

Here is the key question: You began this message thread by asking, "would it be safe to deposit the purchased gold at Hua Seng Heng?" and then went on to conclude, "I'm sure it would be safe, as they have a excellent reputation for 70 years already." Did you arrive at your conclusion just based their having had a good reputation for 70 years, or were their other elements that helped you draw that conclusion?

Also, you began this message thread by twice asking, "would it be safe to deposit the purchased gold at Hua Seng Heng?" and then went on to conclude, "I'm sure it would be safe, as they have a excellent reputation for 70 years already." Did you arrive at your conclusion just based their having had a good reputation for 70 years, or were their other elements that helped you draw that conclusion?

The probability of your gold being burglarized is small as long as nobody knows you are keeping gold somewhere. If ANYONE knows, someone could commit a crime worse than burglary, especially in Pattaya, which is 150 km from Bangkok, to get to it. The other risk of keeping it on a cupboard or even in a home safe is fire risk, as most home safes are fireproof for only 30 minutes. Did you consider a safe deposit box at a bank or a private company?

Those 75 baht of gold bars can be transported in your jeans but weigh over 1 kg, so they still need to be stored somewhere. If you store them in a home safe and it gets burglarized, you have nobody to go after. Since you are sure Hua Seng Heng is safe, and you can go after Hua Seng Heng if your gold does go missing, and since you seem like a logical guy, what made you decide to not store it at Hua Seng Heng?

So, what did you end up learning about the risks of depositing gold at Hua Seng Heng? And did you end up depositing it there? If not, where did you decide to store it, and why? You asked a good question, so curious as to what you learned and how you weighed the pros and cons.