5 hours ago, Moonlover said:

 

 

All of the countries that you list have had major outbreaks of Covid 19 and are no doubt in desperate of these vaccines.

 

Thailand has already demonstrated that it can handle the virus without recourse to vaccines and I'm sure they will do so again this time around. Vaccines are therefor a lower priority.

 

Nonetheless, it will be good to know that the population will, at last, be safe and totally free of this scourge.

That's not really the point I was making. Thailand will not return to some form of normality e.g no 14 day quarantine until the population has been vaccinated. 

20 minutes ago, Barnabe said:

 

I think what he means dollar weakness in the public perception, not in those charts with fake numbers pumped out by the FED and their friends.

 

The dollar is being printed into oblivion, as is the Euro, Yen and the Pound. That is what causes all other assets such as gold, real estate, stocks etc to become inflated - in reality they are not inflating, it's the dollar that is losing value.

No that's not what was meant as numerous other posters have said the same thing with quotes from Bloomberg and Yahoo. "Faked numbers pumped out by the FED" , nope the value of the dollar is tracked relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading partners, it cannot just be influenced by the FED

1 hour ago, snoop1130 said:

The Cabinet on Tuesday approved a budget of Bt1.3 billion to procure 2 million doses of the Covid-19 vaccine made by China’s Sinovac.

 

Prime Minister Prayut Chan-o-cha said the first 200,000 doses should arrive in Thailand in February, followed by another 800,000 in late March and 1 million by late April.

So in 3 months time Thailand will have only received 1 million doses which is only enough to vaccinate 500k people. Mass vaccinations won't start until late May/June............Why wait so long to procure the vaccine when most other nations placed their orders back in September?

The following countries have already started vaccinations:

UK 

France

Belgium

Latvia

The Netherlands

Switzerland

Serbia

Russia

China

Iceland

Turkey

America

Canada

Argentina

India

Bahrain 

UAE

23 minutes ago, nauseus said:

 

The THB is still relatively strong against most major currencies. Thailand still has substantial foreign reserves and the economy is poised to recover quickly post this Covid problem - foreign investment is down but still continuing. Thai Exports are down but so are imports and the trade balance is still +ve. THB strength is  partly affected by USD weakness. The Pound has recently gained against the USD and has also actually gained very slightly over the THB.  

 

One reason for gold's price rise is actually dollar weakness. With the forthcoming likelihood of more magic money creation to bankroll further US, Japanese and European hardship handouts due to Covid, the USD, Yen, GBP and Euro may well drop some more. Other factors helping gold now are low or near-zero interest rates and fear of fiat currency and major stock market bubble implosions. Plus the threat of inflation of course.

 

 

 

But it's all relative.

Thanks for your answer. I agree with most of what you said and I am no expert, but I don't agree: "One reason for gold's price rise is actually dollar weakness". As I have stated before the price of USD does cause fluctuations in Gold price but is not the main reason for the substantial rise in the price of Gold over the past couple of years has been due to investors buying into a safe haven, NOT due to a weak dollar. The global uncertainty leading to most of the rise in the price of gold has been caused by the US trade war with China and Covid19. 

Here are 10 year charts for the Dollar index and price of Gold which shows little correlation:

17 hours ago, 2530Ubon said:

 

If I had a Baht for each time this question was asked this year, I might have enough to buy myself a beer or two.

 

With regards to the 'trade deal' signed with the EU, the UK is a services based economy- around 80.6%GDP and the trade deal we signed with them doesn't cover services. So some might rightly conclude that the 'trade deal' was little more than moving goods around and getting a little bit of fish back. There's a reason all the banks have moved out of London - because they are service based and London is no longer the service center of Europe. 

In regard to UK services:

https://www.cityam.com/brexit-uk-to-start-talks-on-quick-eu-equivalence-deal-for-financial-services/

17 hours ago, FritsSikkink said:

Thailands negativity include: 

• Unemployment growing by millions as the tourism sector has collapsed, an area that contributes between 15-20% of Thailands GDP.       Still a lot less than the UK
• Huge reduction in the export of produce such as rice and coconuts, largely driven by the strong baht and cheaper availability from neighbouring countries   Still exporting more than importing
• Huge reduction in international investments in Thailand.   Still getting a lot of investments
• Public turmoil and protests surrounding the military government and royal family   UK has had that for decades
• Human rights issues in-regard to treatment of protestors under rule/law 112  Nothing to do with currency
• Very slow decision making and purchasing of vaccines to combat Covid; as it stands Thailand will only have enough vaccines for one million people by the end of May and are only planning to vaccinate half the population by the end of 2021.  Way less infections and far better border control than the UK

 

Given that in the past few weeks the UK:

 

• Was the first country to approve a Covid Vaccine.    How may did you give the vaccine at this stage?
• Developed the most cost effective and easy to use Vaccine of any western country which was subsequently approved for use in the last week of December with a plan to vaccinate 2 million citizens per week by mid January and a total of 30 million (approx half the UK population)  by the 4th April 2021. With a plan to vaccinate, that is nice 
• 59 Trade deals signed including highly proclaimed deal with the EU. From a trade deal perspective the UK is in a similar position to where it was pre 2016.  Deal with EU is only for trade and not for services which is 80% of the monetary value. Scotland a net supplier wants out of the union

• You think Thailands unemployment is less than the UK? On paper yes, Thailand is reported to be 1% in 2020 and UK about 4.5% (3m peps)  but Thailands unemployment was also 1% in 2019 so how is that figure even remotely believable when the tourism sector employs 10m and we know many of those are out of work. We have also heard of factory cut backs and closures. 
• Agreed they still export but a lot less then previous years, with 2020 exports down 6.92% which will hit GDP
• Again still getting investments but a big reduction even from 2018 compared to 2019 FDI fell from $10b to $4b
• Funny I haven't seen any protests in the UK for over a year except for the idiots complaining about Lockdown, nothing compared to the tens of thousands protesting the military government, and royal family that has resulted in shootings and a bomb. This does not happen in the UK. 
• lese majeste law has caused international condemnation from the UN and Media which damages a countries reputation which does affect investor appetite.
• I agree, Thailand has done better job than most countries at controlling the outbreak, but now back in Lockdown again, no tourism to speak of for 2020 and now looking like 2021 as well. UK are looking to have vaccinated the whole population by September. Thailand won't be at this stage until Summer 2022. 

• Vaccinations have been held back until now due to limited supply of Pfizer vaccine but at this point over a million people have received the vaccine. 
• As of the 4th Jan Uk have opened 720 vaccine centres and started to use the Astrazenica/oxford vaccine. more centres are opening with 1000 due in the next 2 weeks.
• While Scotland has less of a deficit than England and Wales they are NOT a net exporter: https://www.statista.com/statistics/348541/scotland-net-trade/

13 hours ago, stevenl said:

No, those links only shows the revenue department puts a green, yellow or red light as advisory on candidates. Probably this was also put on lewis, but nothing like the public firestorm we were talking about. Looking forward to your applicable links.

You know all too well that tens if not hundreds of White celebrities have been treated the same as LH over the past decade for TAX avoidance, you're just being as difficult as possible which says a lot about the person you are. examples are a plenty, here's some from a minute of searches:

https://theferret.scot/scotland-uk-country-export-import/

https://www.bbc.co.uk/news/uk-politics-18531008

https://www.theguardian.com/news/2017/nov/08/harvey-weinstein-shakira-martha-stewart-madonna-nicole-kidman-offshore

https://citywire.co.uk/wealth-manager/news/10-top-celebrity-tax-avoiders/a761067

https://www.crunch.co.uk/knowledge/tax/how-famous-tax-dodgers-came-unstuck/

https://metro.co.uk/2017/06/03/list-of-100-celebrities-caught-in-700-million-tax-relief-scheme-revealed-6681782/

https://www.theguardian.com/politics/shortcuts/2014/may/12/gary-barlow-obe-david-cameron-tax-avoidance

https://www.thesun.co.uk/news/7156857/fury-over-tax-avoiding-stars-who-were-handed-gongs-despite-honours-blacklist-which-is-supposed-to-ban-them/

22 minutes ago, 2530Ubon said:

 

If I had a Baht for each time this question was asked this year, I might have enough to buy myself a beer or two.

 

With regards to the 'trade deal' signed with the EU, the UK is a services based economy- around 80.6%GDP and the trade deal we signed with them doesn't cover services. So some might rightly conclude that the 'trade deal' was little more than moving goods around and getting a little bit of fish back. There's a reason all the banks have moved out of London - because they are service based and London is no longer the service center of Europe. 

Yes I read that but it has also been stated that the details of the services agreement will be agreed later. Not sure where we stand but it's certainly placed us in a weak position. 

14 minutes ago, Susco said:

 

Now look what you wrote, read it slowly, maybe you can then comprehend. I hope you don't want to claim you are smarter than the guys at Bloomberg

 

 

 

 

Now which is the other safe haven for investors, and what they do if that one continues to decline?

 

Answers on a postcard please

I'm not claiming to be smarter than anyone but I have been investing in NYSE and FTSE for the past few years so have an idea how it works. Gold will fluctuate with the dollar but the huge rally seen in 2020 where it rocketed from $1200 (ish) to $2000 is almost sorely due to fears from the economic fallout from Covid lockdowns

1 hour ago, Susco said:

 

No the USD and GBP are some of the weakest currencies in the world.

 

Same same but different

 

https://finance.yahoo.com/news/gold-hits-two-month-high-011319748.html

Bullion is also rallying as a gauge of the U.S. currency languishes at the lowest level since 2018 after sliding for three quarters.

I'm sorry but Gold rallying is absolutely nothing to do with the weak dollar, it's rallied from around $1200 in January to a peak of $2063 in August 2020 as it is a safe haven for investors in time of recession. The Dollar and GBP have been on the slide against THB for years

1 hour ago, stevenl said:

You were the one making claims, can't substantiate them, so now ask me to proof your claims.

No.

I've provided links that show others being treated exactly the same as Lewis over Tax evasion, so yes I can and have substantiated what I claimed. 

1 minute ago, Susco said:

The Baht isn't strong.

 

This is todays news on Yahoo finance, which has no business with Thai Baht

 

Gold Roars Out of Blocks in 2021 as Real Yields, Dollar Decline

 

https://finance.yahoo.com/news/gold-hits-two-month-high-011319748.html

The Baht isn't strong? Really? 

Look at Yahoo finance 5 year currency charts for GBP Vs THB and USD Vs THB than try saying it's not strong, it's one of the best performing currencies in Asia over the past few years.  

14 minutes ago, Sujo said:

Complaining of black peoples injustice does not have to mean he suffered it himself, but he is aware of it happening, which it does.

I'm sorry but what does your comment have to do with the post that you quoted? (copied below)

"There have been tens if not hundreds of "white" celebrates who have been dragged through mud and flamed in the media for avoiding Tax over the past few years. Some people are all too happy to claim racism just because the person being spoke about is black, when race should never have been a factor; so who does that make the racists?"

https://www.bbc.co.uk/news/uk-politics-45377362

https://www.dailymail.co.uk/news/article-6120405/Celebrities-use-tax-avoidance-schemes-blocked-getting-knighthoods.html

Just now, stevenl said:

Hardly any examples, and not one where honours were rejected. You'll have to do better.

Honors haven't been rejected for Lewis so what the hell are you talking about, people have just been saying he shouldn't get it for avoiding TAX, exactly the same as has happened to other sports personalities and celebs over the years. You want more proof you can spend your time googling it, rather then wasting mine.

3 minutes ago, foreverlomsak said:

If that's the case and the USD is weak against the GBP, then the Baht should be weak against GBP, but that's not the case Baht is gaining against GBP.

Exactly. GBP has gained about 10% on the Dollar in the past two years but is still down around 15% on where it was in 2016; however GBP is still down 25%-30% on the THB

2 minutes ago, Lacessit said:

It' not the baht is strong, the USD is weak. Baht is tied to the USD.

But that's what doesn't make sense, USD has been on the slide for sometime and is at it's lowest in over two years. The Baht has been gaining on the Dollar for the past 5 to 6 years. 

The Baht was the best performing currency in 2019 and one of the worst in 2020. 

36 minutes ago, stevenl said:

Has it? Maybe you can underline your statement with some links?

There have been tens if not hundreds of "white" celebrates who have been dragged through mud and flamed in the media for avoiding Tax over the past few years. Some people are all too happy to claim racism just because the person being spoke about is black, when race should never have been a factor; so who does that make the racists?

https://www.bbc.co.uk/news/uk-politics-45377362

https://www.dailymail.co.uk/news/article-6120405/Celebrities-use-tax-avoidance-schemes-blocked-getting-knighthoods.html

1 hour ago, 7by7 said:

I don't recall many of those complaining that Hamilton should not receive this honour because he's a tax exile saying the same about white tax exiles who have been given the same honour!

 

The same have been said about numerous "White" tax avoiders over the years......Whats your point?

On 12/31/2020 at 1:05 AM, edwinchester said:

Of course all lives matter but BLM was born to highlight the disproportionate number of coloured people who are targeted, killed, assaulted and persecuted simply because of the colour of their skin. All lives obviously don't matter to many people and Black Lives Matter is one way of calling for equal respect, treatment and dignity for those subject to discrimination and worse.

Absolute BS. African Americans are killed or assaulted more by their own than any cop, whites, asians, hispanics etc. The fact is African Americans are shot by police because they are involved in far more violent crimes and murders than any other race. They only make up 13.4% of the population of the US but are responsible for 52.4% of all homicide offenders in 2018. Racism does exist but it's no where near as wide spread as BLM would have you believe.