Naam

On 6/25/2019 at 8:08 AM, mania said:

Since finally getting past the years of being range bound 1200-1250 USD

seems gold is doing quite well these last few weeks

weeks don't count, years do.

37 minutes ago, Brunolem said:

We could see 1 dollar = 1 euro = 1 pound = 100 yen = almost zero in the not too distant future... debasing/debauching the currency may take time, but sooner or later "success" is guaranteed... 

stuff dreams are made of

2 hours ago, mania said:

This 92.5/1 is quite impressive & would be a good deal for folks to swap to silver if their holding gold.

but this would also involve the purchase of

23 minutes ago, Brunolem said:

The dollar is indeed depreciating against some currencies such as the... Thai baht... 

strange! i see the Thai Baht appreciating vs. US-Dollars during the last 20 years.

20 hours ago, wilailuk said:

Gold is not an investment, it´s insurance for the future when the whole fake FED/CB world blows up in pieces, then we will see the true value of gold.

if we are still alive

4 hours ago, Kenny202 said:

Anyone have the same experience? My GF says all the Thais complaining about electricity on FB. Last few years hottest 3 months of the year

my bill would max out at 2000 - 2500 baht. This year last 4 months 3500 baht. I am pretty liberal with the air cons <snip>

3,500 a month? count your blessings!

1 hour ago, Srikcir said:

Maybe as a general statement over the economic history of Thailand since 1932.

But in terms of the Prayut junta-government, it took 5 years to match the nation's GDP growth rate plummeted by pro-military protests and junta economic policies. Currently, the GDP growth rate has  regressed back 2 years. 

https://tradingeconomics.com/thailand/gdp-growth-annual

(I added horizontal reference line)

Thailand needs great economic policy makers.

If Prayut recycles junta-economics, the "best brains" won't matter.

compare Thailand's growth rate with other countries but omit they fake figures of China and India.

50 minutes ago, Burma Bill said:

3 hours ago, jesimps said:

Couldn't be due to the high value of the baht, could it?

yes indeed. Their products are too expensive to purchase. 

yep! that's why Thailand's exports in 2018 amounted to US-Dollars 180,000,000,000.-

1. Quote

    

   1. Machinery including computers: US$42.9 billion (17.2% of total exports)
   2. Electrical machinery, equipment: $35 billion (14%)
   3. Vehicles: $30.4 billion (12.2%)
   4. Rubber, rubber articles: $15.5 billion (6.2%)
   5. Plastics, plastic articles: $14.5 billion (5.8%)
   6. Gems, precious metals: $11.9 billion (4.8%)
   7. Mineral fuels including oil: $10.6 billion (4.2%)
   8. Meat/seafood preparations: $6.6 billion (2.6%)
   9. Organic chemicals: $6.1 billion (2.5%)
   10. Cereals: $5.7 billion (2.3%)

    

    

2 hours ago, Barry343 said:

You have stated what I have been saying for the last few months, if the baht was lowered 20% they would make a killing on the world market.

only in your wishful dreams.

12 hours ago, billd766 said:

Absolutely correct.

 

It must be a single account in your name only.

nope! for 13 years (till last year) we used a joint account without problems. for the last and future extensions we setup a separate account for my wife's extension.

7 hours ago, RLAretired said:

 

For existing A/C units I've noticed a little box attached to the wall and connected to the unit.   Plugs in to electric power.  Somehow cycles the compressor in a more efficient way that saves power.  About the size of a pack of cigarettes.  Looks easy to attach, so maybe could use in rental apartment or on existing A/C unit.  The name was something like "King Power", but not exactly that.  Here in Thailand.  Anybody know about that?

"Somehow cycles the compressor in a more efficient way that saves power." keeps also poisonous snakes away, makes home cooked food tastier and let the Baht fall vs. home currency.

11 hours ago, scorecard said:

And pay a bit extra for real inverter and with a button on the remote marked 'SAVING' (e.g. LG).

 

Pressing 'SAVING' after setting temp. etc (every time you turn on the A/C cuts as much as 40% off the bill and more if you get serious to use a temperature setting which is not 'freezing' and if you select fan speed as really needed.

 

Initial price a bit more expensive but easily recouped by much reduced electric bills. 

 

Good luck.

 

"Pressing 'SAVING' after setting temp" ...means either sweating or as far as the 40% savings are concerned.

4 hours ago, Curt1591 said:

No correspondence between visits?

very few but a near daily phone call. working 12-14 hours 7 days a week does not leave much time writing love letters.

4 hours ago, Curt1591 said:

So, you got to know each other a little ... ????

very little. just a few weekends in Singapore, Hong Kong, Bahrain, Dubai, Rome, Cairo... and always with her younger sister as chaperone. after marriage it took a couple of years to get to know each other a wee bit more than a little.

2 hours ago, cornishcarlos said:

I think waiting till you are more mature (more so for the guys) is also important. Getting married in late teens/early 20s is a huge gamble I believe.

People change so much in their early adult formation years, if a couple can grow together then that's great but a lot just grow apart...

I think by the time you're into your 40s, you've pretty much become who you are going to be !!

 

didn't make it till 40, got married when 37.

9 hours ago, Skallywag said:

Sorry Worf son of Mogh.   Spock told me never to trust a Klingon

Klingons may have many bad attitudes but they never lie!

5 hours ago, NCC1701A said:

but seriously the commies are collecting all the data you send and receive with your Huawei phones and are creating a intelligence file for every person one the planet. By buying their phone you are helping support the world wide spread of communism.

2 hours ago, phuketrichard said:

A very interesting read but take ,as all news coming out of Burma about what took place, with a grain of salt

interesting concoction of blatant lies considering the many interspersed illogical claims.

19 hours ago, ukrules said:

I find them useful when wiring money from Europe. They're a good indicator with charts.

xe indicates, your Thai bank sets the rate.

16 hours ago, ukrules said:

xe.com

xe.com publishes interbank mid rates which are not suitable for individual purposes.

more transparent are the bid/ask rates of Oanda

http://www.oanda.com/currency/live-exchange-rates/

and anybody living in Thailand should use

https://daytodaydata.net/

On 6/17/2019 at 5:33 PM, NCC1701A said:

https://www.nytimes.com/2019/06/16/opinion/elizabeth-warren-dollar.html

Quote

Who would want to tinker with our currency?

The reality is that China and about 20 other nations are already doing so. By using public capital to purchase huge quantities of United States government securities over the past two decades, they have driven up the value of the dollar to make their own exports supercompetitive.

what a load of rubbish!

On 6/15/2019 at 5:20 PM, Longcut said:

On 6/15/2019 at 4:42 PM, Naam said:

nope! Robby's explanation and assumption pertaining to Venezuela is correct. moreover, he did not refer to WTI but to shale.

There is no way of determining when or if shale oil will run out. Since "fracking" wells are commonly drilled and then capped until prices rise. Also, horizontal drilling is a common practice. I don't believe you can make that determination especially in the Bakkens oil fields. If you do know this, then you must be a very wealthy person or a fool for not acting on it.

nobody said anything about shale running out, capped wells or horizontal drilling. my comment agreed with Robby who pointed out that light shale requires an addition of heavy crude for multiple usage. does that make me a very wealthy person or a fool?