Crime is everywhere. Fake Gold on the increase. As I gather, with the help of Bismut/Wismut the specific weight of Gold can nowadays be imitated. Therefore only the surface must contain Gold, what's inside is not Gold. Final proof can only be detected, when a Gold-Bar is sawed in 2 to see "what's inside" (for example). True/False?

Some true "Gold-Bugs" here (having worked in the jewellery/gold business) may be able to shed some light on this.

"Purchase from Reputed Dealers Only"

I saw that in a Thai jewelry shop they used a torch to (I think) melt a little of the gold to check if it was real.

I guess if someone is experienced then they should have a good idea what to expect.

 

 

Where can I purchase Gold like this.

 

"Reputed dealers Only"

https://www.gold-analytix.com/

 

Professional authenticity test of gold and silver devices

Edited May 24, 20242 yr by david555

Is your Gold really Gold?

 

What matters is that the guy buying it off you thinks it is.

Investing in gold ETFs or futures and there's no need to worry about fake stuff or storage and security costs.

On 5/22/2024 at 7:59 PM, OneMoreFarang said:

I saw that in a Thai jewelry shop they used a torch to (I think) melt a little of the gold to check if it was real.

I guess if someone is experienced then they should have a good idea what to expect.

 

 

That's just the problem: Just to scratch the surface won't disclose what's inside. Tungsten/Molybdenum?

I know, this hasn't made the headlines yet, but there are Mafia-Structures emerging, specialising on this scam. The profit margin is phantastic.

- Above, "david555" has provided a link. A must read for all that are involved in buying/selling physical Gold on a regular basis.

On 5/24/2024 at 1:48 PM, david555 said:

https://www.gold-analytix.com/

 

Professional authenticity test of gold and silver devices

Thanks for the link. Very helpful.

DELIVERANCE AT LAST !

I must no more earn my living in Pattaya as an Elvis impersonator. I'l just buy a Gold testing device (see post from david555 above).

Equipped with this device, I will hop from bar to bar, adressing the ladies with: "Hey sugar babe, for 100 BHT I will test your Gold". I will get rich, get a lot of free drinks and get a lot of  admiring looks from the ladies. Maybe more.

Eureka!

4 hours ago, Digitalbanana said:

Investing in gold ETFs or futures and there's no need to worry about fake stuff or storage and security costs.

In case the ETF is backed by physical Gold/Silver a "carrying-charge" is incorporated in the price of the ETF. Currently the carrying charge for Gold and Silver is near 8% per year. Few people realise this.

In the case of futures, this carrying charge is reflected in form of a "Contago-Situation". (Every time you "roll" a future to a more distant contract, you pay a little more for the new contract).

The opposite is a "backwardation-situation". Very rare! At the moment only happening in crude oil futures.

= There is no free lunch!

No, definitely not.....'pukka' gold shop in BKK swindle my wife out of 40,000B.......

On 5/22/2024 at 7:35 PM, Captain Monday said:

."Purchase from Reputed Dealers Only"

In Pattaya, every 300 meters there is a Gold shop. How do you tell a "reputed" dealer from a "non reputed dealer"? The Thai community in my home country prefer to buy Gold here and not in Pattaya. Among other considerations, a Kruegerrand coin is marketable globally as opposed to some mysterious "Thai-Gold".

3 hours ago, swissie said:

In Pattaya, every 300 meters there is a Gold shop. How do you tell a "reputed" dealer from a "non reputed dealer"? The Thai community in my home country prefer to buy Gold here and not in Pattaya. Among other considerations, a Kruegerrand coin is marketable globally as opposed to some mysterious "Thai-Gold".

Yeah I wouln’t usually buy in Thailand either but I would like to hoard one of those lumps

 

I offered a Maple Leaf in Chiang Mai in a main shop near warrorot market just to see what would come back with. They said not interested as if “farang”  gold is not wanted. 

On 5/26/2024 at 9:25 PM, Captain Monday said:

Yeah I wouln’t usually buy in Thailand either but I would like to hoard one of those lumps

 

I offered a Maple Leaf in Chiang Mai in a main shop near warrorot market just to see what would come back with. They said not interested as if “farang”  gold is not wanted. 

On the other hand, I tryed to sell some Thai Gold in Switzerland a couple of years ago. (Jewellery). Banks woulden't touch it. Gold deales wanted to send it to an "assayer" first. Best offer finally was 30% below Gold price per Oz. Sold it eventually in Thailand for a fair price.

Apart of this: In a time of "crisis", how much would one get for Gold on the black market? 1 loaf of bread for 1 Oz of Gold?

Seems that shortly after WW2 the Germans that had US $ fared better than "Gold-Owners".
But that's another story.

On 5/24/2024 at 6:21 PM, Captain Monday said:

Where can I purchase Gold like this.

 

"Reputed dealers Only"

 

Hua Seng Heng, the have a number of locations, I only ever traded with the one at Seacon Square. 

 

Hua Seng Heng - Hua Seng Heng