Jump to content

What does this sign at the gold shop mean?


topswijaya

Recommended Posts

Typical newbie.

 

Probably thinking it must be so easy to trade gold selling it to shops. Kinda like buying a condo in Thailand and if it does not work out you can always sell it for a small loss.

 

Except there is this small thing called commission.

 

lol

 

18 minutes ago, topswijaya said:

the difference is so small ( 100 bht per 15.2 gram gold bar)

 

Edited by Celsius
  • Confused 1
  • Sad 2
  • Haha 1
Link to comment
Share on other sites

12 hours ago, Lemsta69 said:

You'd have yourself a lot of trouble if you learnt how to use Google Lens live translate function. I'm lost in Thailand without it.

About time you had a crack at learning the local language!

  • Love It 1
Link to comment
Share on other sites

1 hour ago, 2baht said:

About time you had a crack at learning the local language!

I am reasonably proficient in verbal Thai. Not fluent, but I can converse with most Thais adequately.

Written Thai is a much more difficult dimension, particularly when the words are all strung together.

  • Thumbs Up 2
Link to comment
Share on other sites

2 hours ago, Lacessit said:

Gold is not an investment. It's a currency hedge,

 

It is a very bad hedge, same as bitcoin.

 

If Gold was currency hedge the price would be much higher today/

 

I bought some gold (only 7oz) in 2012 at the price of around $1600. Today the price of gold is what.... not even $1900. Yes, I bought at the top, but even if this was the case the prices of everything tripled since 2012.  I bought me a condo in Toronto for 235k now it is 600k.... and I only invested 25% of that money.... the rest was a bank loan which was paid by my tenants.

 

BTW, if I sold that condo today they bank would be paying me minimum $2300 monthly for a term loan in Canada. With that I could buy 1oz of gold every month, but I don't want to because it is a lousy henge. Instead for physical things I buy Star Wars and Lego. Yeah.... you heard that right.

 

 

  • Thumbs Up 1
Link to comment
Share on other sites

3 hours ago, Celsius said:

 

It is a very bad hedge, same as bitcoin.

 

If Gold was currency hedge the price would be much higher today/

 

I bought some gold (only 7oz) in 2012 at the price of around $1600. Today the price of gold is what.... not even $1900. Yes, I bought at the top, but even if this was the case the prices of everything tripled since 2012.  I bought me a condo in Toronto for 235k now it is 600k.... and I only invested 25% of that money.... the rest was a bank loan which was paid by my tenants.

 

BTW, if I sold that condo today they bank would be paying me minimum $2300 monthly for a term loan in Canada. With that I could buy 1oz of gold every month, but I don't want to because it is a lousy henge. Instead for physical things I buy Star Wars and Lego. Yeah.... you heard that right.

 

 

Comparing gold to bitcoin IMO is utterly ridiculous. Bitcoin is a stream of electrons in cyberspace. It is akin to a religion, in that it can't be touched, seen or felt. No-one can say that about physical gold.

Gold does fluctuate in value. However, its variation has nothing on bitcoin, which at several stages has lost about 80% of its value, the most recent being late 2022.

I'd agree property is a good investment, although as I type there are quite a few mortgage holders in Australia under extreme stress.

 

  • Thumbs Up 1
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...