Depositing gold at Hua Seng Heng

[41632584]

Have been around for a while, just never bought any gold but am considering now. So this is all new to me.

 

I did notice the 1kg intl gold bars. But for a first purchase would probably like a smaller quantity.

 

Also had a look online at MTS Gold. Apparently they sell their own smaller 99.9% bars. 

[CallumWK]

40 minutes ago, 41632584 said:

Have been around for a while, just never bought any gold but am considering now. So this is all new to me.

 

I did notice the 1kg intl gold bars. But for a first purchase would probably like a smaller quantity.

 

Also had a look online at MTS Gold. Apparently they sell their own smaller 99.9% bars. 

 

I don't know MTS, but Tang Toh Kang also have their own small 99.9% gold bars. They are the oldest gold shop in Thailand, established in 1864.

I choose Hua Seng Heng because they have a shop in Seacon Square, so easily reachable. And I choose 96.5% as they are the easiest to trade.

If you need to sell one in an emergency, you can sell it at any gold shop, while 99.9% gold may not be that easy.

I haven't calculated it yet, but I don't think that you pay a premium for 96.5% gold.
 

[swissie]

On 3/25/2025 at 1:35 AM, CallumWK said:

 

You just arrived in Thailand?

 

Thai gold is 96.5%, hence that is what Thai gold bars are, but you can buy 1 kg bars of 99.9% gold bars at Hua Seng heng as well, which is also clearly mentioned on their website.

 

Your picture shows "swiss" as a smelter. There is no such thing as "swiss" as a globally accepted smelter.

You may want to verifiy your Gold purchases by buying a device that proves the Gold-Content, before you buy.

 

Look here:

www.gold-analytix.com

 

The Bid/ Ask price quoted by you above is so narrow that nobody could make a long-term profit, especially as to "hedge" Gold for any downturns costs an average of 6% per year.

What did your parents tell you before? "If it sounds to be too good, it probably is".

 

[CallumWK]

30 minutes ago, swissie said:

Your picture shows "swiss" as a smelter. There is no such thing as "swiss" as a globally accepted smelter.

You may want to verifiy your Gold purchases by buying a device that proves the Gold-Content, before you buy.

 

Look here:

www.gold-analytix.com

 

The Bid/ Ask price quoted by you above is so narrow that nobody could make a long-term profit, especially as to "hedge" Gold for any downturns costs an average of 6% per year.

What did your parents tell you before? "If it sounds to be too good, it probably is".

 

 

Better not to pretend to be smart, if in fact you have no idea about gold or other financial instruments, as proven by the umpteen silly topics you have started on investing.

 

Their spread is 50 baht per 1 baht gold, while the Thai gold traders association, and every other gold shop in Thailand applies a 100 baht spread.

 

The picture does not show Swiss as the melter, it shows PAMP, which is a Swiss company fabricating precious metals.

 

 

So you are now claiming that Hua Seng Heng is a bogus company, but nobody has found that out in the 70+ years they are selling gold, right?

 

 

https://www.bangkokpost.com/business/general/1888125/time-to-shine-for-hua-seng-hengs-third-gen-ceo

 

Mr Tanarat established Hua Seng Heng Gold Futures Co Ltd, the first derivatives brokerage house to trade gold futures contracts on the TFEX.

After accomplishing success in gold futures in a four-year period, the TFEX granted his company a full derivatives licence with leading products in gold futures, SET50 futures and single stock futures.

.

 

https://www.tfex.co.th/en/products/precious-metal/gold-d/broker-list

 

HGF HUA SENG HENG GOLD FUTURES COMPANY LIMITED

http://www.hshfutures.com