Gold expert recommends investing in gold for low risk, constant yield

[webfact]

Gold expert recommends investing in gold for low risk, constant yield

By The Nation

 

 

Goldsmiths are embracing new technology to facilitate the needs of gold buyers, said Boonlert Siripattarawanich, president of the Thai Goldsmith Association and CEO of Ausiris. 

 

Gold is one of the most popular choices for low-risk investment with a constant yield, the CEO said. “Gold never loses its value no matter how long you keep it,” he pointed out. “Besides, the price of gold fluctuates very little compared to other commodities.”

 

Boonlert provided some tips on investing in gold: “If you want to speculate, you should set your eyes on long-term holding and sell only when the time is right, which is normally around 2-3 times per year. Gold traders can earn up to 3 per cent of profit using this strategy,” he revealed.

 

“Investing in gold in Thailand has never been easier,” Boonlert said. “Besides being able to buy gold at more than 7,000 shops throughout the country, the metal can also be purchased online via the Ausiris website, mobile application or even on blockchain,” he added.

 

“We are committed to tailoring our services to suit the lifestyle of a modern society,” Boonlert said.

 

Ausiris trades gold with neighbouring countries such as Laos, Myanmar, and Cambodia, he said. “However, free market policies employed by Vietnam and Malaysia could be tricky, since they allow new players to enter the Thai market and take a bite off our market share,” he added.

 

If you are interested in investing in gold, check out the 64th Bangkok Gems & Jewellery Fair at Impact Muangthong Thani from September 10-14. Visit www.bkkgems.com for details.

 

Source: https://www.nationthailand.com/news/30375237

 

-- © Copyright The Nation Thailand 2019-08-23

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[Bob12345]

1 hour ago, webfact said:

Boonlert provided some tips on investing in gold: “If you want to speculate, you should set your eyes on long-term holding and sell only when the time is right

Sounds like a true expert. So basically you should buy low and sell high.

 

Maybe he could write a book about this. Plus a part 2 for the stock market and part 3 for real estate. Just that 1 sentence in a book... it will surely sell well.

[fullcave]

A gold dealer will always advise that it a good time to buy gold. In fact, I've never met one that would recommend otherwise.????

[BobBKK]

3%?  Wooooow!  a truly unbiased 'expert'

[RichardColeman]

Yep, tempt them grannies for their 500 baht temporary monthly dole out !

[Redline]

There is no constant yield, and the market is now manipulated, so a little is fine, but it's not a solid investment.

[kiniyow]

I bought 75 Baht worth of Gold about 10 Yrs ago at 24 to 25,000 Baht per One Baht weight and I'm still Waiting for the time to sell....All Gold has done is Lose money for me...

[Inepto Cracy]

Never looses its value. Rubbish. The price is manipulated by the gold traders association.

The price goes up at Chinese new year, Songkran and Christmas time.

Then the price falls dramatically.

So yes buy low and sell high is a good catch phrase. 

Gold not going up fastunlike the value of the money Baht.

Edited August 23, 2019 by Inepto Cracy

[GeKoSc]

Before motivating buyer, he should dismiss his website expert and contract a real expert to do a new one. It is a mess to investigate and gather all required information based on the website before considering an order through the website. The scarce comentaries I received from this source when asking about some details of this business did not help to build up confidence. 

[Stocky]

3 hours ago, webfact said:

“Gold never loses its value no matter how long you keep it”

Not exactly. Very much depends when you bought it!

 

[RocketDog]

1 hour ago, Redline said:

There is no constant yield, and the market is now manipulated, so a little is fine, but it's not a solid investment.

Absolutely correct. 'Speculating' in gold is for experts who became experts by losing money several times.

However, investing in precious metals as a hedge against fiat currencies is just plain wise when part of a balanced portfolio. Calling them investments is missing the point. They are used to hold value, not increase it. If the 'price' of gold doubles it's simply because the value of the currency in question has halved.

 

For a hundred years it's been true that an ounce of gold will buy you a quality tailored suit. On the other hand the value of a US dollar is only 5‰ of what it was in 1930.

[topt]

6 hours ago, webfact said:

with a constant yield, the CEO said.

What yield?

One of the big negatives about gold is that there is no yield.............

[Naam]

8 hours ago, webfact said:

Boonlert provided some tips on investing in gold: “If you want to speculate, you should set your eyes on long-term holding and sell only when the time is right, which is normally around 2-3 times per year. Gold traders can earn up to 3 per cent of profit using this strategy,” he revealed.

a priceless revelation indeed.

[Caldera]

A gold bug who recommends gold, what a surprise! But constant yield? That's something even few gold bugs dare to claim, as it can be dismissed out of hand as nonsense.

[mania]

15 hours ago, kiniyow said:

I bought 75 Baht worth of Gold about 10 Yrs ago at 24 to 25,000 Baht per One Baht weight and I'm still Waiting for the time to sell....All Gold has done is Lose money for me...

 

You sure about that?

There are roughly 2 baht weight  per oz

 

10 years ago gold may have been $1000 per ounce but not per baht.

 

25,000 baht was roughly $757 10 years ago

 

 

 

 

Edited August 24, 2019 by mania

[gamb00ler]

15 hours ago, RocketDog said:

For a hundred years it's been true that an ounce of gold will buy you a quality tailored suit. On the other hand the value of a US dollar is only 5‰ of what it was in 1930.

To determine that US$ is now only worth .05 you need to compare it to some standard of value because it is still worth exactly 1$.  The USINFLATIONCALCULATOR  website shows a 2019 $ as being equivalent to about .065 in 1930.  Gold was $21 in 1930 or about $325 in current dollars.  Gold has outpaced inflation by about 450%.

 

Labor wages in 1930 were about .40/hr.  Current wages would need to be .40/.065 ($6.15) to maintain the same purchasing power.  Looks like despite inflation the standard of living has gone up since wages are mostly >> $6.15.  Wages have outpaced inflation by a small margin.

Edited August 24, 2019 by gamb00ler

[rumak]

the only thing in Thailand that has outpaced inflation is the asking price for a short time experience with a slim and sexy GOLD digger

[Curt1591]

20 hours ago, webfact said:

If you are interested in investing in gold, check out the 64th Bangkok Gems & Jewellery Fair at Impact Muangthong Thani from September 10-14. Visit www.bkkgems.com for details.

Really! This isn't an advertisement. Really!

 

????

[CPH]

With falling interest rates around the world gold could be a good investment now.

[Peterphuket]

I'm not sure about buying gold in Thailand, the gold in thailand is not pure 99,9% but as far I remember about 97%.

So the price is always different when compare with real gold.

[mania]

15 hours ago, Peterphuket said:

I'm not sure about buying gold in Thailand, the gold in thailand is not pure 99,9% but as far I remember about 97%.

So the price is always different when compare with real gold.

 

Yes Thai Gold is 96.5 but like all gold at the end of the day it is all calculated into prices/weight

Thai baht weight is 15.2grams