watgate Posted April 4 Share Posted April 4 (edited) Just wondering, especially since the price of gold has risen significantly, if one has to be concerned about buying gold and whether or not it is the real stuff and not some fake looking realistic looking stuff? There are gold dealers all over Thailand and are their any safety standards in place to ensure that what one is buying is actually gold or is it buyer beware? Edited April 4 by watgate Link to comment Share on other sites More sharing options...
rexpotter Posted April 4 Share Posted April 4 I have purchased the 1baht little wafers, and made a little bit from it. You must keep your receipt in perfect condition and onlyy resell it to the place you bought it from. Forget the jewelry. Link to comment Share on other sites More sharing options...
rexpotter Posted April 4 Share Posted April 4 1 minute ago, rexpotter said: I have purchased the 1baht little wafers, and made a little bit from it. You must keep your receipt in perfect condition and onlyy resell it to the place you bought it from. Forget the jewelry. Check the spread, usually 2%,. So gold has to go up 3 % increase in value to buy a free meal. Link to comment Share on other sites More sharing options...
digbeth Posted April 4 Share Posted April 4 the only guarantee is that on bigger piece or bullion will be stamped with the shop's hallmark, and of course they'll buy it back bigger brands/chains from Bangkok Chinatown is probably better known and more accepted 2 Link to comment Share on other sites More sharing options...
SAFETY FIRST Posted April 4 Share Posted April 4 1 hour ago, watgate said: Just wondering, especially since the price of gold has risen significantly, if one has to be concerned about buying gold and whether or not it is the real stuff and not some fake looking realistic looking stuff? There are gold dealers all over Thailand and are their any safety standards in place to ensure that what one is buying is actually gold or is it buyer beware? Where are you located? I've bought a lot of gold from gold shops in Pattaya, if you are local I can suggest a couple of shops. 1 Link to comment Share on other sites More sharing options...
lkn Posted April 14 Share Posted April 14 On 4/4/2024 at 4:02 AM, rexpotter said: Check the spread, usually 2%,. So gold has to go up 3 % increase in value to buy a free meal. Some shops may also have additional fees when buying/selling. Granted, I asked about jewellery, and for this there was a design fee when buying and a “melting fee” when selling, though I also asked about the bullions, and apparently the price shown on their digital display was only for members, I didn’t bother asking what it required to become a member because it just seemed like gold in Thailand is a way to extract money from financial illiterate people… Link to comment Share on other sites More sharing options...
dinga Posted April 15 Share Posted April 15 On 4/4/2024 at 9:02 AM, rexpotter said: Check the spread, usually 2%,. So gold has to go up 3 % increase in value to buy a free meal. Nonsence - the spread is 100 baht per 1 Baht Gold Bullion (currently Buy 41,050 Sell 40,950 per 1 Baht Gold) https://goldtraders.or.th/ 1 Link to comment Share on other sites More sharing options...
zhounan Posted April 15 Share Posted April 15 Whatever you decide, don't tell your wife/girlfriend. 1 Link to comment Share on other sites More sharing options...
kwak250 Posted April 15 Share Posted April 15 You don't need any recommendations Any large gold shop is safe. 2 Link to comment Share on other sites More sharing options...
kwak250 Posted April 15 Share Posted April 15 On 4/4/2024 at 3:02 AM, rexpotter said: Check the spread, usually 2%,. So gold has to go up 3 % increase in value to buy a free meal. Have you even bought gold? Link to comment Share on other sites More sharing options...
kwak250 Posted April 15 Share Posted April 15 On 4/4/2024 at 2:59 AM, rexpotter said: I have purchased the 1baht little wafers, and made a little bit from it. You must keep your receipt in perfect condition and onlyy resell it to the place you bought it from. Forget the jewelry. You can sell anywhere never shown a receipt when selling This right here is the reason to never listen to bs on asiannow Link to comment Share on other sites More sharing options...
KhunLA Posted April 15 Share Posted April 15 (edited) Thai Gold is a decent investment in TH, if past increases are to remain. Remember buying/selling at 3-6-10-12-20k baht over 20+ years. Now 41k+ baht. TH gold is soft, so easy to distinguish from fake gold. Edited April 15 by KhunLA Link to comment Share on other sites More sharing options...
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