Buying Gold.

[Lemsta69]

2 hours ago, owl sees all said:

I visited the www.

 

Is there an English version? Can't easily see it on their site. My Thai is not so good. I don't like to ask the site, and copying everything into 'Translate' is long-winded.

Google Chrome or Brave auto-translate function. Simples.

[owl sees all]

11 hours ago, BangkokHank said:

I don't think there is an English version of that site. I just use it to see the prices, which you can see by just scrolling down a bit. The current buying and selling prices are 29,450 and 29,550 baht, respectively. Just memorize where those prices are on the screen and you will know which prices to look at whenever you want to check the prices. They also have an app that you can use to check prices on your phone.

Thanks for that Hank.

 

My phone is just a text and call one. Steer clear of anything 'smart' due to the control and tracking.

 

I have a nice stash of golden stuff. Always looking for offers on the www. Buy one; get one free. That sort of thing. There was also a special from west Africa a while back. One kilo of pure gold at half price. Delivery free too. And also from OZ; gold dust. This guy was getting gold from old computers. That was also cheap.

 

[Kwasaki]

12 hours ago, Peterphuket said:

Open the site on Google Chrome and you can translate it to many other languages,  sometimes I use it even to translate 'aseannow'

Be careful with though, what i do is use my translate app and then copy English to Thai and re-check again translated to English.

 

Sometimes it doesn't translate correctly, you can alter the English for it to explain in Thai better. 

 

If important I get my Mrs to check it out. 

 

[timendres]

19 hours ago, BangkokHank said:

I also had a problem trying to get a safety deposit box at my bank to keep my gold in. The bank where I have had my savings account for the past ten years told me that I would either need to keep a deposit of five million baht, or buy insurance for a couple of million baht - to qualify for a safety deposit box with them. So it would cost more for me to open a safety deposit box than the value of the gold I would put in it.

 

I looked at the website at the above link, and at first glance it looked promising. However, there is one thing about this place that I find unsettling: They also offer (fairly expensive) insurance to insure the things that I would keep in the box.

 

Anyway, I will visit them - and ask them if any customer of theirs has ever taken out this insurance - and had to make a claim on it. If their boxes are broken into often enough for their customers to need insurance, then maybe I am better off just keeping my gold in my own safe at home.

I forgot to add that I actually rented a box from this outfit:

    http://www.safedepositboxbangkok.com/

 

I really liked them. The company is owned by a Brazilian woman that reminded me of a stern mistress. While I was waiting to ask questions, another foreigner was there with his Thai girlfriend. He asked the owner, "Can I allow access for my girlfriend?" The owner looked at him like he was a lost puppy. Her response: "No. Only you can access." The foreigner pressed on saying that he really wanted his girlfriend to have access. The owner said "Look for another business. We never allow more than one person to access."

 

I immediately signed up.

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[Jenkins9039]

On 12/10/2022 at 9:28 AM, Lacessit said:

have seen a trader selling silver bullion here.

Chiang Mai (private company) or Silver Bullion by state in Bangkok

[vangrop]

On 12/9/2022 at 12:38 PM, worgeordie said:

Why do you want to buy Gold , as an investment , for your wife ,G/f ,

if for investment your better buying Gold bars ,well known brand ,

spend as much as you can afford,as often as you like ,but you

should follow Gold on a reliable site.

 

regards Worgeordie

 

sorry man what are you talking about?

[Jenkins9039]

On 12/9/2022 at 12:23 PM, NoshowJones said:

Anyone got any advice about buying gold

I bought 2 baht and was asked for ID - a first lol.

[nauseus]

On 12/10/2022 at 5:10 PM, Kwasaki said:

I don't remember gold in 2012 being 30,000 +.

2011

[NoshowJones]

On 12/9/2022 at 5:46 PM, Ali Katz said:

Point

In my experience the bid/ask spread is low especially if you compare to Singapore etc.

Point

I believe the dealers' association invoked some kind of minimum investment a few years ago, maybe something like 100,000 baht. ICBW

I personally recommend you investigate the gold shops on Charoen Krung, at a minimum a cultural experience.  Oh,  get your grams and bahts and exchange rates straight in your head beforehand. 

What is ICBW? Please stop texting and remember you are on a forum. Do you really think that all the posters know what these initials mean?

[Kwasaki]

10 hours ago, nauseus said:

2011

Was it 7k + a bit in 2000 seem to remember it being that. ?

[bslmh]

5 hours ago, NoshowJones said:

What is ICBW? Please stop texting and remember you are on a forum. Do you really think that all the posters know what these initials mean?

An acronym for "I Can Be Wrong"

[BananaStrong]

gold shops VERY busy today.

 

 

[Jenkins9039]

On 12/31/2022 at 2:00 AM, nauseus said:

2011

I remember that... 

[Kwasaki]

On 12/31/2022 at 1:43 PM, BananaStrong said:

gold shops VERY busy today.

 

 

Earrings small ones. ????

[nauseus]

On 12/31/2022 at 12:09 PM, Kwasaki said:

Was it 7k + a bit in 2000 seem to remember it being that. ?

2000?

[Kwasaki]

2 minutes ago, nauseus said:

2000?

Yes as in year 2000 was it 7k + a bit for a baht of gold. 

[nauseus]

7 minutes ago, Kwasaki said:

Yes as in year 2000 was it 7k + a bit for a baht of gold. 

I never remember baht prices - sorry.

[BananaStrong]

On 12/31/2022 at 1:43 PM, BananaStrong said:

gold shops VERY busy today.

 

 

I tried to help all of you................telling you about massive DEMAND.  Should have bought on this post, sell now...

 

now you are rich

 

like me.

 

my posts are worth their weight in gold IF every letter weighed as much as a black hole. 

[Photoguy21]

On 12/9/2022 at 12:38 PM, worgeordie said:

Why do you want to buy Gold , as an investment , for your wife ,G/f ,

if for investment your better buying Gold bars ,well known brand ,

spend as much as you can afford,as often as you like ,but you

should follow Gold on a reliable site.

 

regards Worgeordie

 

Very true but you also want the gold to be stamped as to its carat. Swiss gold is but Thai gold isnt. Try selling Thai gold outside of Thailand and it wont be easy.

[Liverpool Lou]

On 12/10/2022 at 8:19 AM, Dazinoz said:

bank branches just close sometimes. I received a letter my branch where I opened the account saying it had closed and my new branch was xxx. If I had gold stored there I would hope be transferred

There is a big difference between a bank account, i.e. a computer entry, and a safe deposit box.    The bank will always advise safe deposit box holders if they are closing as the branch alone does not have access to the boxes in order to move the contents.  The bank has one key, the box holder has the other, both are needed for access and the banks do not have duplicates, for obvious reasons.

[nauseus]

2 hours ago, BananaStrong said:

I tried to help all of you................telling you about massive DEMAND.  Should have bought on this post, sell now...

 

now you are rich

 

like me.

 

my posts are worth their weight in gold IF every letter weighed as much as a black hole. 

Your posts are certainly very rich, I'm sure.

[Kwasaki]

2 hours ago, BananaStrong said:

I tried to help all of you................telling you about massive DEMAND.  Should have bought on this post, sell now...

 

now you are rich

 

like me.

 

my posts are worth their weight in gold IF every letter weighed as much as a black hole. 

You don't mean black hole but black gold, Texas tea. ????

[Peterphuket]

On 12/31/2022 at 1:09 AM, Jenkins9039 said:

I bought 2 baht and was asked for ID - a first lol.

Yes, when you buy in BKK, they ask, but when you go to a small village, they never ask.

[Peterphuket]

5 hours ago, nauseus said:

I never remember baht prices - sorry.

I will never forget the first time I came to Thailand in 1994 it was 5000  thb for one bath gold.

[NoshowJones]

When buying gold at Chinatown, can you pay by Bangkok bank app, or does it have to be cash?

[Dazinoz]

20 hours ago, NoshowJones said:

When buying gold at Chinatown, can you pay by Bangkok bank app, or does it have to be cash?

The shop I mainly trade at in Chiang Mai you can use app. I cant remember if they charged a fee for this. When I sell gold they don't use app, just my account number and deposit proceeds of sale directly to my account.

 

Could (and mostly likely does) vary from store to store. Shop around.

[NoshowJones]

1 minute ago, Dazinoz said:

The shop I mainly trade at in Chiang Mai you can use app. I cant remember if they charged a fee for this. When I sell gold they don't use app, just my account number and deposit proceeds of sale directly to my account.

 

Could (and mostly likely does) vary from store to store. Shop around.

That's a great help, I should not have a problem finding a suitable gold shop in Chinatown. Thanks.

[owl sees all]

Internet all day long.

I like to buy those little gramme buttons. With delivery; around 2,200 baht.

 

 

Have to beware with the www however. Bargains seemingly everywhere.

From India; buy a ring; get one free. And from West African, half price gold at the mo'; free delivery.

Have to check them out.

[NoshowJones]

Anyone know of a gold shop in either Pattaya or Bangkok where you can buy gold through transfer from your bank app?

I have tried so many particularly in Chinatown who only accept cash.