tok Posted December 1, 2023 Share Posted December 1, 2023 When buying bullion in CM, do all shops now require ID ? I've tried one so far which did and wonder if its a government rule these days ? Link to comment Share on other sites More sharing options...
Bill97 Posted December 1, 2023 Share Posted December 1, 2023 33 minutes ago, tok said: When buying bullion in CM, do all shops now require ID ? I've tried one so far which did and wonder if its a government rule these days ? Are you paying cash or using some other payment method? If not cash I would want ID. Link to comment Share on other sites More sharing options...
tok Posted December 1, 2023 Author Share Posted December 1, 2023 Paying in cash Link to comment Share on other sites More sharing options...
Ohyesuare Posted December 1, 2023 Share Posted December 1, 2023 1 hour ago, tok said: Paying in cash For buying in cash, I don't see why ID would be a requirement and it hasn't been the case for me recently. For selling, definitely though. Link to comment Share on other sites More sharing options...
Dazinoz Posted December 2, 2023 Share Posted December 2, 2023 (edited) Bought and sold many baht bullion at a gold shop on Wararot Markets (China Town) in Chiang Mai and never needed ID buying or selling. Mostly cash but some times used ATM card, never credit card. Go to gold shop in Big C complex and they wanted everything and commission was more. Edited December 2, 2023 by Dazinoz Text added. 1 Link to comment Share on other sites More sharing options...
Liverpool Lou Posted December 2, 2023 Share Posted December 2, 2023 22 hours ago, Ohyesuare said: For buying in cash, I don't see why ID would be a requirement Money laundering regs. Link to comment Share on other sites More sharing options...
Dazinoz Posted December 2, 2023 Share Posted December 2, 2023 22 hours ago, Ohyesuare said: For selling, definitely though. Not definitely, depends on shop you go. Link to comment Share on other sites More sharing options...
Ohyesuare Posted December 2, 2023 Share Posted December 2, 2023 50 minutes ago, Dazinoz said: Not definitely, depends on shop you go. I meant I could definitely see why it would be asked forwhe n selling since I've seen on the news people getting caught selling very passable fake gold mixed with real that was uncovered only when the gold was about to be melted down. But ID for buying due to money laundering regs as the user stated above does make sense as well. I personally have never been asked for ID when buying or selling in the 15 years I've been here. Link to comment Share on other sites More sharing options...
Dazinoz Posted December 2, 2023 Share Posted December 2, 2023 34 minutes ago, Ohyesuare said: I meant I could definitely see why it would be asked forwhe n selling since I've seen on the news people getting caught selling very passable fake gold mixed with real that was uncovered only when the gold was about to be melted down. But ID for buying due to money laundering regs as the user stated above does make sense as well. I personally have never been asked for ID when buying or selling in the 15 years I've been here. I goto one gold shop here in Chiang Mai. I one time bought 22 baht bullion at one time. Nothing required except the cash. Biggest sale back was a 20 baht bar. All they did was weigh. But I guess they got to know me. took a 1 baht bar to sell in gold shop in Big C complex. ID, weighed, tried to melt, the works. Link to comment Share on other sites More sharing options...
tok Posted December 2, 2023 Author Share Posted December 2, 2023 Thanks for all the replies, I went to China town, no issue without ID when paying with cash. Also paid via scan - no ID required, but then they have your ID bank a/c anyway. Link to comment Share on other sites More sharing options...
nana kid Posted December 3, 2023 Share Posted December 3, 2023 I have some gold jewelry that I would like to sell. How does one find an honest dealer? Link to comment Share on other sites More sharing options...
Dazinoz Posted December 3, 2023 Share Posted December 3, 2023 25 minutes ago, nana kid said: I have some gold jewelry that I would like to sell. How does one find an honest dealer? 24 carot or less? 1 Link to comment Share on other sites More sharing options...
Olmate Posted December 3, 2023 Share Posted December 3, 2023 37 minutes ago, Dazinoz said: 24 carot or less? more or less! 1 Link to comment Share on other sites More sharing options...
nana kid Posted December 3, 2023 Share Posted December 3, 2023 probably less Link to comment Share on other sites More sharing options...
Dazinoz Posted December 3, 2023 Share Posted December 3, 2023 9 minutes ago, nana kid said: probably less Ok, sorry don't know where to suggest. Could if pure Thai gold. And I was wrong in 24 carot as Thai gold is 96.5% pure or around 23 carot. If Thai gold and you in Chaing Mai I can give you name of gold shop in China then I have used a long time. Link to comment Share on other sites More sharing options...
Bill97 Posted December 3, 2023 Share Posted December 3, 2023 3 hours ago, Dazinoz said: can give you name of gold shop in China A bit of a long trip Link to comment Share on other sites More sharing options...
Dazinoz Posted December 3, 2023 Share Posted December 3, 2023 1 hour ago, Bill97 said: A bit of a long trip Yep, probably is. China Town in Chiang Mai. Link to comment Share on other sites More sharing options...
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