Gold purchase in Thailand

[GeKoSc]

?Foreigners are allowed to buy Gold bullions In Thailand through the banking system? 

[icare999]

forget it just go to a gold shop its fine stop being paranoid its fine 

 

[GeKoSc]

7 hours ago, icare999 said:

forget it just go to a gold shop its fine stop being paranoid its fine 

 

I would not buy gold in a shop...the fake gold bars in the market are so perfect that a normal person will not be able to distinguish between both...

 

 

[marcusarelus]

17 minutes ago, GeKoSc said:

I would not buy gold in a shop...the fake gold bars in the market are so perfect that a normal person will not be able to distinguish between both...

I guess you have never purchased gold at a gold shop.  You can also sell gold bars to a gold shop.  Do you think they buy fake gold?  See if you can buy a fake one.  Then take it to a gold shop and sell it for cash.  Nice profit for you.

[GeKoSc]

3 minutes ago, marcusarelus said:

I guess you have never purchased gold at a gold shop.  You can also sell gold bars to a gold shop.  Do you think they buy fake gold?  See if you can buy a fake one.  Then take it to a gold shop and sell it for cash.  Nice profit for you.

If Alibaba and Amazon sell fake gold bars worldwide why not in Thailand? 

[marcusarelus]

1 minute ago, GeKoSc said:

If Alibaba and Amazon sell fake gold bars worldwide why not in Thailand? 

Sure they do.  Buy one and sell it at a gold shop. You will eventually figure it out. 

Edited February 15, 2019 by marcusarelus

[Lacessit]

50 minutes ago, GeKoSc said:

I would not buy gold in a shop...the fake gold bars in the market are so perfect that a normal person will not be able to distinguish between both...

 

 

The density of lead is 11.4 g/cc. The density of gold is 19.3 g/cc. Unless the fake bar is uranium metal, any gold shop can pick the difference. Established operations in the shopping malls are not fly-by-night.

I am wondering about your density, however. Does light bend around you?

Edited February 15, 2019 by Lacessit

[edgarfriendly]

2 minutes ago, Lacessit said:

The density of lead is 11.4 g/cc. The density of gold is 19.3 g/cc. Unless the fake bar is uranium metal, any gold shop can pick the difference. Established operations in the shopping malls are not fly-by-night.

I am wondering about your density, however. Does light bend around you?

whats the density of tungsten, the ACTUAL  metal they use for fake/cored bars?

 

oh look....  its 19.3g/cm3

 

does light bend around you, too?

[GeKoSc]

3 minutes ago, edgarfriendly said:

whats the density of tungsten, the ACTUAL  metal they use for fake/cored bars?

 

oh look....  its 19.3g/cm3

 

does light bend around you, too?

My question is whether a foreigner is eligible to buy gold bars in the Thai banking system... and not in a gold shop....? is my question not clear to the readers?

[Lacessit]

8 minutes ago, edgarfriendly said:

whats the density of tungsten, the ACTUAL  metal they use for fake/cored bars?

 

oh look....  its 19.3g/cm3

 

does light bend around you, too?

Gold has a Mohs hardness of 3. Tungsten has a Mohs hardness of 7.5. No, I don't think it does, smart###e.

[edgarfriendly]

7 minutes ago, GeKoSc said:

My question is whether a foreigner is eligible to buy gold bars in the Thai banking system... and not in a gold shop....? is my question not clear to the readers?

@GeKoScmy answer was to lacessits post, was that not clear?

 

@Lacessitand the fake/cored bars are real gold wrapped around tungsten cores, meaning your hardness test is pointless, dumb@$$

 

e2a - http://lmgtfy.com/?q=tungsten+cored+gold+bars

Edited February 15, 2019 by edgarfriendly
google is tough

[marcusarelus]

9 minutes ago, GeKoSc said:

My question is whether a foreigner is eligible to buy gold bars in the Thai banking system... and not in a gold shop....? is my question not clear to the readers?

Clear enough?  I googled. 

[Cake Monster]

39 minutes ago, marcusarelus said:

Sure they do.  Buy one and sell it at a gold shop. You will eventually figure it out. 

You will have plenty of time in the Monkey House to figure it out for sure.

[Lacessit]

1 minute ago, edgarfriendly said:

@GeKoScmy answer was to lacessits post, was that not clear?

 

@Lacessitand the fake/cored bars are real gold wrapped around tungsten cores, meaning your hardness test is pointless, dumb@$$

Mohs is not the only  hardness test. I was using that as an example. Have you ever done a Rockwell C? Permit me to doubt a fake bar would deceive it.

In answer to the OP, I have never tried to buy bullion at a Thai bank. I should imagine a fair-sized markup.

I have bought and sold gold in Thailand from and to the gold shops for ten years now. Never had a problem.

Having said that, gold from the shops would be discounted outside Thailand, as it is only 96.5%. 99.99% is tradeable anywhere.

[farangx]

6 minutes ago, Lacessit said:

Having said that, gold from the shops would be discounted outside Thailand, as it is only 96.5%. 99.99% is tradeable anywhere.

96.5% .... good to know.

 

[GeKoSc]

21 minutes ago, marcusarelus said:

Clear enough?  I googled. 

fine, thank you....while Google helps, I prefer always to talk to people

[marcusarelus]

2 minutes ago, GeKoSc said:

fine, thank you....while Google helps, I prefer always to talk to people

I would agree normally. 

[Lacessit]

38 minutes ago, marcusarelus said:

I would agree normally. 

TV fatigue setting in?

[Pilotman]

1 hour ago, GeKoSc said:

If Alibaba and Amazon sell fake gold bars worldwide why not in Thailand? 

Because here it is highly regulated, both on price and purity.  Purity is checked against a weight machine at every purchase and a certificate issued against an ID or passport.  The machines are government checked and certificated. Any authorised gold shop pushing fake stuff would be out of business in a flash and the owner in jail.