
ChaiyaTH
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I learned enough and more Thai to get by but as many others written already it turned out quite pointless. Same with the education visa I started on over a decade ago, they teach you entire illogical things that are never really used in real life. And if you finally manage to say those things with tones perfect, outside BKK, nobody gets it. You have to imagine being in this country pub in your home country where some immigrant suddenly tries to socialize to then speak as if he is reading a court verdict. Way too formal, missing local dialect, missing slang, missing perspective. It's just akward. Even they might appreciate the fact that your Bangkok Thai would be great, you now have a issue within the face and social structure, you likely become someone they not want to even approach as of thinking you are too spoiled, hi-so or maybe cause issues when there is drama. I figured that just sticking to the English works perfectly fine outside the chit chat, taxi instructions, hello goodbye thank you etc. It is not exactly as if they talk about much more than Food and Drama anyway. Last but not least, the more you understand, the more you realize my sentence above. It is actually nicer to not understand what they say, then the thai sound really romantic or like a song, unless it is this chain smoker voice from isaan on max volume with blasted speakers... Mamasan style. I do not even know how much I know is bangkok thai, southern thai, isaan or lanna language but somehow in the north they get me most. It is like Bangkok thai use the letter 'R' really nicely in words used a lot while the R is for most Thais a issue to pronounce too.
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Top notch ignorance level here. Of course because in that case you are bothering them and offer the solution by at least speaking in Thai. However as soon it would be about things were you actually give your opinion, or just listen to their no longer secret gossip, and so fort, they will actually dislike it big time in many situations and prefer your to be in your farang only bubble language. Specially girls.
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You can have gold being up 26% today while if it goes back to just 3k it is - 10% already and 16%. If the USD THB then falls further from 35 to 31 that is another 10% ish taken away, 6% left. Then we take off 3% Thai inflation, we have 3% net gains only. Assuming zero fees, zero tax too. Even with the additional 10% increase on the gold price expected for 3700, a even larger increase on FX is expected, up to 3x as much. Even the gold price would still be up 16% if you lived entirely in dollars. This can also go into negative figures. Its a forex trade. Maybe this example is easier for ya. You will see all this play out in the chart you used trough out this year anyway. Gold is always a 50% forex trade unless you earn and spend in dollars only. Moving to cambodia could work. This is exactly how so many retirees got stuck in the past decade too, as they not seem to understand or consider the ranges that exist. Even an American that spends his money here in baht is doing the forex trade, even it is not that likely for the baht to get as strong as a euro, gbp, aud etc, same facts. Just assuming this price to stabilize at 3500 and 32 from the 37 heights for USD THB, it's not that special this year at all. Same as tourists in a way, depending what time of the year they come, they pay as much as 20% more or less due to FX alone, without being aware that much, specially mainstream ones. I get 20K+ baht more per month from the EURTHB change alone.
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Because that is what it comes down to if you look at the 3300 price and the past 60 days average. Check the tradingview charts yourself + monthly history. Anyway copy paste my original explanations in any AI and you will get to hear i am right too. Ask any broker same too. Guess it hurt people their holdings or ego's, because it is nothing but facts and zero personal. To then start being a yippy about the exact 2% in this second, you will see the results later this year yourself. Or just look back in history, 2008 for example.
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Wow so now you are gaslighting something that is factual, to then project on a sentence you not even abuse properly? I said based on the past 60 days with that calculation, aside from that my second calculation is just as accurate. To even make it worse for you, the EUR USD is likely easily going to 1.25-1.50 in that case. Any EURO buyer would effectively be at a net loss.
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We are speaking about the predicted outcome result if gold now would have a retrace to around 3K, or if it further increased to the price target of 3.7K while the EURUSD also will continue to get stronger, it can even easily get as strong as 1.20 again, which would then beat gold. Maybe read again from the start what was explained, it is not an opinion. The difference in gain left just barely justifies the 8% average and assumes low inflation of 3% to still be profitable.
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What part of gold being priced in dollars being not up for debate + it otherwise depending on FX rates, do you not understand, seriously? Like you can even ask google or AI by copying what I said to be true or not. It is not debatable, it is not a strategy or opinion, it are the facts. Ask your broker lol. When your base currency and earnings are not dollars, you are both speculating on currency as well as gold. The swiss was right from the start. Life would be wonderful by just glancing at some nice percentage charts colored green and red without factoring reality in. Like Thai accounting. Gold is not a universal hedge in modern days at all, it is only a hedge for the dollar. The US officially still values gold at only 1200 dollars as well, that means if they seized it all again like in the 30s they can take 2000 per ounce from every holder, instantly. The only exception was to pay the fine of 10,000 dollars which translates to like 270,000 dollars today.
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It depends wether you are American and in dollars by default or not, if you are in euro you are actually just up around 4-5% and that is assuming the price stays where it is now at 3326. GBP is not that far behind with it. Comes down to just around a 200-250 dollar increase per ounce in this year so far while 8% is normal and that is exactly where we would be with a price of 3700 per ounce for gold and a tickle more stronger EURUSD GBPUSD etc. So if inflation then stays or even increases again, you actually have no profits at all.
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You are aware that any other currency trading with gold, than the US dollar, is a synthetic product right? Gold is globally priced in dollars, there is no exceptions. The EUR/oz price is the derived price from USD/oz + FX rates. You have to be very basic to not understand this to then bring it as an argument.
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Seems you are missing the point entirely. For example EUR USD changed like 12% already since just 60 days while that is only around 16% for gold where it is very likely to now first get a proper pull back sooner or later too. That means that people who bought gold as in this example europeans, are barely at a profit and even likely soon in a overall loss, rather than a profit. Even if the gold price first goes up higher towards the 3700 target, that likely will come with a even stronger EURUSD too, so no change. However when gold comes down, it will not be the same or comparable percentage down for the EURUSD. You maybe have more dollars but when changing it back to the original euro's it is at loss or just break-even. This aside from general buying power loss with fiat on top.
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Well you can see everywhere, where they do that idiotic week of water throwing, it does not work. It is simply much more fun when it is max 2-3 days, same as Samui. It only causes people to go on different days, which then means it is not as crowded and fun, as well tiring after 3+ days.
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Swedish Man Sparks Airport Bomb Alert with Unclaimed Luggage
ChaiyaTH replied to webfact's topic in Isaan News
He will have a great story at the bars now though lol. -
Swedish Man Sparks Airport Bomb Alert with Unclaimed Luggage
ChaiyaTH replied to webfact's topic in Isaan News
I would want a lawyer first too in that case.