oznomad
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Posts posted by oznomad
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I researched this a while back.
Winner - Tiger Lite, and vodka, lime soda.
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Go ahead, grab a few trillion.
It will depreciate the THB (good for me).
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1 hour ago, shortstop2 said:if you absolutely need a bigger you can choose one of the expensive options. But if you choose Economy you might get a big car anyway.
Yes. I have had small cars, big cars, luxury minivan and baht bus all turn up. I only ever select economy.
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On 8/15/2021 at 8:34 PM, A1Str8 said:
The value of gold is less and less in today's society.
You will make some money by investing in it a decade later but there are so many better options.
Governments are already creating their own digital currency which will make gold obsolete.
Sure. That's why Bank of Thailand bought NINETY TONNES of the stuff in April and May.
They are not alone.
Don't listen to what the central banks say. Do what they do. Quite simple really.
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8 hours ago, XJPSX said:
If that’s all he has got he should go home. That’s the minimum requirement which is not a lot.
Some people must live pretty lean here.
mmmm. You have, literally, no idea about his financial situation.
Whether he has bazillions in other accounts / countries or not, I think you are in the wrong place if you judge people, and pontificate on what they should do, by their bank balances.
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The plan varies upon your location.
You being in London means you dont have to worry about Thailand's 965 purity.
To be VAT free it has to be greater than 995, which investment bars usually are.
BUT, you will still have Capital Gains Tax. ????
Another option is to buy in Singapore. No VAT. No taxes of any description.
Dont think in terms of a 10 year timeframe.
Think in terms of the market.
If gold has hit a peak of USD $8000 in 3 years, you dont want to ride it back down for the next 7 years.
What to buy?
The smaller the bar, the higher the premium (the difference between the spot price that you see on the news, and the real price that you pay).
Smaller bars (give coins a miss) are easier to sell if you are holding your gold yourself. If using, as the example Bullionstar, then selling is just a few mouse clicks.
Lets say you were buying 1 kilo. A rainy day comes along, and you need just a walletful of cash. You dont want to sell your 1 kilo bar. Better to split your purchase up.
When to buy.
Trying to pick the bottom of the market is beyond the capability of 99.99999% of us.
Better to make your move now. You could 'dollar cost average', and buy 25% of your spend each week, or month.
Again, this may depend on how you buy and where you are putting it. If getting delivered to your home, the post and insurance cost may negate any potential advantage of dollar cost averaging.
As you are seeing, so much 'depends' on your plans and desires.
Either way, you are on the right track. Just dont contemplate for too long, or it will probably cost you more.
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Bought CHU after reading about it here. Subsequent headache for 2 weeks. Was it the Chu or something else? No idea. ????
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46 minutes ago, HappyinNE said:
Why do I have to sign in on every page? Fix the web site!
Highly likely to be your cookies. If you have no cookie then the site doesnt know you are logged in.
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Watched the video. No reaction from anyone else in the room. Not a raised eyebrow, nothing.
Seems like people that arent involved, yet want to stick their beaks in, need to harden the f-bomb up - or just mind your own beeswax.
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12 hours ago, AnotherFarang8 said:
I don’t think the worst of this economic shock is there yet. Give it time, it’s a slow motion train wreck.
It's just getting warmed up. The train is still at the station.
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Start with some knowledge and a good foundation.
I don't read Thai, which this book is in, but by all accounts it gives people very helpful info on how to start getting ahead.
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2 hours ago, edwinchester said:How about mailing it in?
Handy if you live at the Post Office.
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On 7/1/2021 at 3:46 PM, canopus1969 said:
Just be thankful the bank does not charge you a fee for looking after your money
Hold the bank's beer.
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Masks. ????
CDC released (very quietly) a report last month that mask usage MAY reduce covid spread by UP TO 1.3%.
I wear one, but essentially just for social conformity / fine avoidance.
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1 hour ago, cnx101 said:
I agree but why are the parks closed so people can’t go jogging so they have to do on the street, and I see they still jam 10 or 12 people in the songtows in Chiangmai.
Only 12?
Luxury!
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Will Thais moving overseas be privileged enough to have 90 day reporting, chunks of the local currency in the bank, and prove it on a regular basis, only be able to (sort of) confirm their place in their new society for a year at a time, etc etc etc?
How about some nice dual pricing to greet them on arrival?
????????????????
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Many of the answers supplied are, obviously well meaning, but, at least in part, wrong.
Try the TIN.
Look at divorcing yourself from the Australian banking system if possible.
Open a share trading account elsewhere.
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11 hours ago, ThailandRyan said:
Not if they get a green card for the US. No reporting ever and they have permanent residence as well, can buy property in their name and of course collect money from the Government if unemployed, even get a stimulus check....
And be subjected to ever rising taxes, wherever you are on the planet.
Sounds like a crappola deal to me.
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12 hours ago, Caldera said:
Personally, I wished they'd use their energy to effect change here in Thailand instead of leaving.
Just as you (and I ) did.
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How it's done properly
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15 hours ago, RobU said:
I think the Mayor said 'up to 20,000' meaning between 0 and 20,000
Depending upon the colour of your
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8 hours ago, MasterBaker said:
please stop sending Cambo news for people who subscribed to Thailand news.
You could just not read it.
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This one will fly under the radar, as almost nobody knows what it is, or what the effects will be - until it's too late.
Is gold a good or bad investment - 10 year plan
in Jobs, Economy, Banking, Business, Investments
Posted
????
Central banks are continuing to buy gold.
Bank of Thailand bought a further 70 TONNES in April and May.
https://www.bullionstar.com/blogs/ronan-manly/thai-central-bank-leads-pack-buying-90-tonnes-of-gold-over-april-and-may/