Buying silver in Thailand, especially coins?

[Flying Saucage]

It's very common to invest in Thai gold. However, I'm interested to buy also some silver, but I do not mean jewellery. 

 

How is the situation if someone wants to buy silver coins like Krüger Rand or Maple Leaf or others?

 

Can I conveniently buy such silver in Thailand, and later conveniently sell? And where? Any recommendations?

Edited May 16, 2023 by Flying Saucage

[Celsius]

No. Not popular and useless here. I have quite a few Canadian silver maples and i don't think there is a single place that would buy them.

Edited May 16, 2023 by Celsius

[soi3eddie]

Gold, Gold, Gold! No appetite for silver trading in Thailand. Gold takes less space too and easily traded in any town.

 

[klauskunkel]

Sold some Gold and Silver Bars at Morris & Watson Bangkok branch last month, my understanding there is also a showroom with for sale gold/silver

46/4 Charoenraj Road
Bangklo
Bangkorlaem
Bangkok 10120
Thailand

Tel: +66 2 164 1021
Fax: +66 2 164 1025

Email: [email protected]

https://morrisandwatson.com

 

They pay the day's spot price and accept and pay correctly for 24K items and/or all other Karats

Specify choice of cash or bank transfer (needs bank book)

Need appointment via email, attach pictures of for sale items

Need Passport

[Dazinoz]

After moving here i bought 4 x 100ounce silver bars from Singapore (online). After a couple years I decided to sell 1 bar to get some cash. I walked down Wallai Road in Chiang Mai which is the "silver street" with a Thai friend to try sell. No one wanted that size bar and those who may have been interested wanted to pay much less than spot. 

 

I contacted dealer I bought from and yes no problem to sell back. The problem came trying to ship it back. No carrier would do it except one and the insurance was I think $1000usd. The was for the 4 bars. So in the end I booked flight to Singapore, stayed in cheap room over night, took silver personally to dealer then flew back to Thailand. Much cheaper than the insurance.

 

So forget silver and buy gold bars. I have found a very good gold shop in Chiang Mai where their fees are very good. Is if you are in Chiang Mai let me know and I will give you the name of the shop. Shops do vary considerably in their fees.

[spidermike007]

I think silver has infinitely more upside potential than gold, if things really go south, which they most likely will sooner, or later. 

 

The economy is way too over inflated. It has to correct. And the correction could wipe out alot of people.