JimmyTheMook

12 minutes ago, Thailand said:

is there something they are not telling us?

yeah, in the villages they are dropping like flies.

Love the egg coffee....

I'm guessing the super elites will have first dibs once this comes to fruition.

Yes very scary they knew something like this would play out to the T.

9 hours ago, Topdoc said:

Gold has the slowest declining marginal utility of ALL goods, products, commodities etc etc in the entire world. Mathematically, this makes it the easiest 'thing' to sell in the entire world. 

 

There will always be a market bidding for gold but the time will come when there are fewer and fewer sellers until all offers to sell gold will be withdrawn in the same way that no-one can buy gold with zimbabwean dollars today. However, it's not a time to look forward to....

 

All we are seeing here in Thailand is that people are selling some gold to survive. They are very lucky to have saved in gold all these years because it would be much more difficult to sell their 2nd hand car or most other items right now! With gold, there's always a bid!

Sure a Thai selling their 2 baht chain for rice is a good thing.

People holding gold maple leafs better be long and far from TH if they want 

cash for it.

https://www.jmbullion.com/

Americans who trust their government are like chickens who trust Colonel Sanders

13 minutes ago, cooked said:

Still better than paper money based on QE or internet money based on Bit coins. 

We used (pawned) our gold once when we needed cash quick for a car repair. Try getting a loan from a bank for that kind of thing.

I have $ in reserve to pay for small expenses like fixing my car.

You'll need to learn some basic financial planning if you're pawning 

your gold to do that.

'nuff said. 

1 hour ago, cooked said:

I'll bear that in mind when the ATM's stop working 'as a temporary measure' and internet goes down.  I started buying 10 years ago, ฿16 000, now worth ฿25 000 I believe.

- 4000B when you try to cash back at spot price.

Just now, Vigilante said:

I was warning about this senario weeks ago.

Keep in mind, gold hasn't really moved upwards ,in a big way yet

Imagine, in a potential meltdown and gold doubles/triples, and millions of thais run to the gold shop demanding to sell.

Gold shop-owner cannot possibly redeem but a tiny fraction of the gold he has sold

 

Lesson...stay away from thai gold

If you can buy 99.9% gold ,anonymously and not stored with a third-party vault, do it.

You can always sell it in the int'l market unlike low-purity thai gold

 

There are also fake gold bars to worry about

<deleted> it..I'm sticking with cash.

 

Have a nice day

 

Idiots who store gold will learn the hard fact nobody wants to buy it back for cash when the prices are sky high in a pandemic - throws the whole 'the sky is falling theory out the window' and hold gold in place of cash.

How long was Wuhan locked down?

What they did?

Thailand is a country of alcoholics and the with-drawl symptoms posted unfortunately seem too similar to initial Covid infection.

The stupidity of limiting alcohol sales even during normal daytime hours speaks volumes.

1 hour ago, The Word said:

Just curious, what makes ETAs "trash"? 

You're not a connoisseur obviously.

'nuff said....  

2 minutes ago, a3tsw said:

Yes , I watch that guys videos , his name is Austin,

I was booked to go to Tokyo , but the flight was cancelled , first by AirAsia ,  then booked through NokScoot and they then cancelled also.

My intention was to buy an Omega Seamaster Planet Ocean , as there was a dealer there ..The Watch Company in Nakano who were selling new Omegas for between 30% to 40% cheaper than Bangkok AD's prices.

Omega are owned by SWATCH and used a modified ETA movement

i.e. = it's trash.