Gold Into Thailand

[Bill97]

I would like to bring some small gold bars into Thailand.  What is the maximum value I can fly in with and not have to pay any duties or taxes?

[bignok]

What did google say?

[Bill97]

8 minutes ago, bignok said:

What did google say?

Google had some old opinions but not current facts.  Thai customs websites unclear.

[FritsSikkink]

You need an import license (found by Google):

 

Export and Import Licenses in Thailand (siam-legal.com)

 

The import of gold requires a license from the Ministry of Finance in order to protect national financial security. 

 

IATA - Thailand Customs, Currency & Airport Tax regulations details (iatatravelcentre.com)

 

Prohibited (without license):
1. Drugs of narcotic nature, e.g. heroin.
2. Gold bullion. If no import license is available, it can be left in Customs bond at the airport of entry to be retrieved on departure.

Edited July 21, 2023 by FritsSikkink

[bignok]

Sell them buy bitcoin then buy gold back

[Bill97]

36 minutes ago, bignok said:

Sell them buy bitcoin then buy gold back

Yes that’s a possibility but really no need for bitcoin is there?

[Bill97]

51 minutes ago, FritsSikkink said:

You need an import license (found by Google):

 

Export and Import Licenses in Thailand (siam-legal.com)

 

The import of gold requires a license from the Ministry of Finance in order to protect national financial security. 

 

IATA - Thailand Customs, Currency & Airport Tax regulations details (iatatravelcentre.com)

 

Prohibited (without license):
1. Drugs of narcotic nature, e.g. heroin.
2. Gold bullion. If no import license is available, it can be left in Customs bond at the airport of entry to be retrieved on departure.

Thanks, that is the firmest information I’ve seen.

[bignok]

I would worry about theft

[Bill97]

1 hour ago, bignok said:

I would worry about theft

Your emotional issues are not the topic here.

[bignok]

8 minutes ago, Bill97 said:

Your emotional issues are not the topic here.

Weird reply. Gold theft is common in Thailand.

[bignok]

Sell them buy bitcoin then buy gold back

[bignok]

Same topic 3 years ago

 

[Lacessit]

I don't know the OP's intentions with the gold he brings in.

For what it's worth, Thai gold is 96.5%, not the 99.9% of bullion from most countries.

I don't know what the limit is. It does seem a bit like bringing coals to Newcastle.

[Dante99]

50 minutes ago, bignok said:

Gold theft is common in Thailand.

Gold thefts 48 per 100,000 people in Thailand.

 

England and Wales metal thefts 50 per 100,000 people

 

France burglary rate was at level of 457.6 cases per 100,000 population in 2020

 

[charliebadenhop]

Why in the world would someone want to bring gold into Thailand?

 

Wondering...

[CecilM]

A google search found 5% + 3.3%. 
 

I think you should contact Customs Department. They can communicate well in English (email) and are very helpful (based on my experience).

 

They’ll provide you with a link to their humongous database where you can find the tax rates for every conceivable item to be brought into Thailand. 

[Neeranam]

On 7/21/2023 at 11:06 AM, Bill97 said:

Yes that’s a possibility but really no need for bitcoin is there?

Bitcoin solves many issues related to bring wealth into Thailand. Every transaction can be traced, however. 

Remember foreign gold is not as liquid as Thai gold in Thailand.

Edited July 22, 2023 by Neeranam

[Seamaster]

Gold is not easy to sell. Better to at least buy it here. That also puts to rest the import issue.

 

Use Singapore instead

[charliebadenhop]

Still wondering....

 

Seems like bringing gold into Thailand is not a well thought out move.....

 

[Seamaster]

Bitcoin solves nothing.

 

Bitcoin is Bitcoin and gold is gold. Very different animals

[bignok]

1 hour ago, Seamaster said:

Bitcoin solves nothing.

 

Bitcoin is Bitcoin and gold is gold. Very different animals

Water is water.

[Neeranam]

1 hour ago, Seamaster said:

Bitcoin solves nothing.

 

Bitcoin is Bitcoin and gold is gold. Very different animals

As the CEO of Blackrock, Larry Fink, said. Bitcoin is the new digital gold. 

[scottiejohn]

1 hour ago, Neeranam said:

As the CEO of Blackrock, Larry Fink, said. Bitcoin is the new digital gold. 

And of course Bitcoin only exists in the computer world but Gold is physical! Which one will be around when all the power is switched off?

[Seamaster]

1 hour ago, Neeranam said:

As the CEO of Blackrock, Larry Fink, said. Bitcoin is the new digital gold. 

It's just another trade for them.

 

Besides, he was big ESG fanboi until he wasn't.

 

Inscrutable

[Superlight]

On 7/21/2023 at 12:35 AM, Lacessit said:

I don't know the OP's intentions with the gold he brings in.

For what it's worth, Thai gold is 96.5%, not the 99.9% of bullion from most countries.

I don't know what the limit is. It does seem a bit like bringing coals to Newcastle.

Incorrect, Thai gold goes from 99.9 to lesser grades, try thai gold sites.

[Paris333]

If you have the proof of purchase from your country where you bought the gold, then you have absolutely no problem. Gold is tax free!

Source:https://forums.pattayatalk.com/topic/56709-bringing-gold-coins-to-thailand/

Source:

Source:https://www.tripadvisor.in/ShowTopic-g293915-i3686-k7212973-Customs_airport-Thailand.html

Source:https://aseannow.com/topic/1167787-rules-on-bringing-gold-into-thailand/

 

Edited July 22, 2023 by Paris333

[Lacessit]

9 hours ago, Superlight said:

Incorrect, Thai gold goes from 99.9 to lesser grades, try thai gold sites.

I was talking about the gold sold in every shopping mall and gold shop.

While you are correct, most people would prefer dealing with a bricks and mortar establishment.

[charliebadenhop]

Bill97

 

I would still love to know why you are wanting to bring gold into Thailand....??

 

Please

[bignok]

18 hours ago, scottiejohn said:

And of course Bitcoin only exists in the computer world but Gold is physical! Which one will be around when all the power is switched off?

We would starve to death no power

[DudleySquat]

On 7/22/2023 at 8:09 AM, charliebadenhop said:

Why in the world would someone want to bring gold into Thailand?

 

Wondering...

What would you suggest? Tossing the gold with the large water bottle into the bin at airport security?