Gold, the undisputed "safe harbor". Or is it?

[Yellowtail]

4 minutes ago, Surasak said:

Each to their own. Its not a 'can't lose', commodity admittedly, but an average of 20+% yearly in crease,  is better than my present bank savings. Strange to say I was refused a £20000 Bullion purchase, last week. No explanation, just a sorry, we can't help you.

Try KITCO, they ship internationally. 

[swissie]

On 5/23/2025 at 5:47 AM, FlorC said:

I cannot believe you asked what CBDC's are.

Where are you hiding ? Somewhere under a rock in Isaan without TV or internet?

 

I cannot believe you never considered gold.

 

As your name suggests , you are Swiss ? Switzerland is a world player in gold.

Switzerland and Singapore are famous for secure gold storage.

 

Does that mean that I could no more buy 100 sacks of potatoes with a 1 kilo Gold bar at the local market, without being qualified as an "enemy of the state"?

 

1 kilo would buy you 100.000 sacks of potatoes. 

Better to try buying a sack of potatoes with 1 oz silver coin .

 

I think there will be a black economy when things get worse after forced CBDC's.

And the state(s) will not be happy with that.

 

As a Swiss , you speak german ?

Browse around : Kettner-Edelmetalle (Gold & Silber) - YouTube

 

 

I DO own Gold. I never said otherwise.

[swissie]

On 5/23/2025 at 3:40 AM, Yellowtail said:

These are for the apocalypse: 

 

THX. Interesting. I calculated the Bid/Ask price for this product. I arrive at a little over 7%. Compared to other Gold products I find this spread "reasonable". Something worth looking at.

[Yellowtail]

1 hour ago, swissie said:

THX. Interesting. I calculated the Bid/Ask price for this product. I arrive at a little over 7%. Compared to other Gold products I find this spread "reasonable". Something worth looking at.

The price is a bit strong, but I I think they're cool, and at the current price, they break into grams or about $100 "coins". I bought some Joyalukkas Bars when I was working in Dubai that are also kind of cool.

 

Beyond the investment value, gold is fun to have as well.

 

After checking, the ones I have are these, which I think look a little cooler: 

 

 

 

[jas007]

On 5/22/2025 at 8:43 PM, swissie said:

I am starting to feel a bit uneasy. More and more "financial advisors" pushing Gold as a uncontested "store of value", a "safe harbor". The "can't lose" syndrome making the rounds.

 

Those financial advisors forgetting to mention, that Gold has gone thru "bear markets". The last one lasting from July 2011 to December 2015. From $ 1830 down to $ 1060. Not sure if Gold holders considered Gold as a store of value during this time.

 

Let's face it, Gold is a metal (a commodity if you will) it's value measured in US$ daily. Supply and demand, just like in any other commodity.

 

I find it disturbing that increasingly financial advisors are recommending Gold to small investors as a "can't lose" investment.

What's your time horizon?  That can make all the difference.

 

I remember buying 1oz gold coins in the early 90s for $300 or so.  Easy to buy, easy to sell.  It's been up and down ever since, but historically, it's a store of value and has been for thousands of years.

 

My last purchases were five or six years ago. $1600? Something like that.  The more money they print, the higher the price of gold.

 

What's interesting at this point is the cryptos.  And silver, of course. 

[Yellowtail]

30 minutes ago, jas007 said:

What's your time horizon?  That can make all the difference.

 

I remember buying 1oz gold coins in the early 90s for $300 or so.  Easy to buy, easy to sell.  It's been up and down ever since, but historically, it's a store of value and has been for thousands of years.

 

My last purchases were five or six years ago. $1600? Something like that.  The more money they print, the higher the price of gold.

 

What's interesting at this point is the cryptos.  And silver, of course. 

Silver would be okay if buying a fund or pool, but IMO, the value to weight ratio is too low to store it. 

[jas007]

1 minute ago, Yellowtail said:

Silver would be okay if buying a fund or pool, but IMO, the value to weight ratio is too low to store it. 

The problem with the funds is that when push comes to shove, they may not have the silver you think you were buying.  If you read the fine print in the prospectus, they can cash you out instead of delivering silver.  

 

As for the "value."  It may be much more than you think.    

[Yellowtail]

14 minutes ago, jas007 said:

The problem with the funds is that when push comes to shove, they may not have the silver you think you were buying.  If you read the fine print in the prospectus, they can cash you out instead of delivering silver.  

 

As for the "value."  It may be much more than you think.    

I have some physical silver, I bought at $16.98, in I think 2014. 

 

310 Troy ounces weighs 9.642kg and is worth about $10,300. You need a BIG safety box for this. 

 

$10,300 in gold weighs about 3.07 Troy ounces or about 96 grams, which you can carry in a shirt pocket. 

 

$100,000.00 in gold weighs 904 grams, and will fit in a small safety box. 

 

Since I bought my metal, gold is up ~160% while silver is only up ~90%

 

 

 

[1FinickyOne]

On 5/22/2025 at 8:57 PM, Yellowtail said:

I am about 12% in gold and think it is an okay "safe haven" investment, but in the just over ten years I've been holding it, everything I have (but my home) has outperformed it. 

 

After all, it is just a rock - I had a store in a mall - - next to the jewellery store. I used to pick up rocks in the parking lot and walk excitedly into the jewellery store and show the manager... "Look at this one!!!" Of course, I made sure there were no customers. I didn't want to embarrass him -- - and then maybe there would be a run on the other rocks in the parking lot. 

[jas007]

11 minutes ago, Yellowtail said:

I have some physical silver, I bought at $16.98, in I think 2014. 

 

310 Troy ounces weighs 9.642kg and is worth about $10,300. You need a BIG safety box for this. 

 

$10,300 in gold weighs about 3.07 Troy ounces or about 96 grams, which you can carry in a shirt pocket. 

 

$100,000.00 in gold weighs 904 grams, and will fit in a small safety box. 

 

Since I bought my metal, gold is up ~160% while silver is only up ~90%

 

 

 

And that's why silver is a good deal right now. There's only so much of it above ground, and only so much is mined every year.  And it's not just for investment, it's used in industry.  And for years, the price has been manipulated.  One of these days, the true value will surface.   

[1FinickyOne]

15 minutes ago, Yellowtail said:

I have some physical silver, I bought at $16.98, in I think 2014. 

 

310 Troy ounces weighs 9.642kg and is worth about $10,300. You need a BIG safety box for this. 

 

$10,300 in gold weighs about 3.07 Troy ounces or about 96 grams, which you can carry in a shirt pocket. 

 

$100,000.00 in gold weighs 904 grams, and will fit in a small safety box. 

 

Since I bought my metal, gold is up ~160% while silver is only up ~90%

 

 

 

My wife bought farmland - it doesn't fit in any box, other than a little at a time... but why? It has gone up 4x the value since we first bought in 2004 - but the big bonus is that the family can make a living farming it... 

[Yellowtail]

1 minute ago, 1FinickyOne said:

My wife bought farmland - it doesn't fit in any box, other than a little at a time... but why? It has gone up 4x the value since we first bought in 2004 - but the big bonus is that the family can make a living farming it... 

It's not really an investment if you have to evict your family to sell. 

 

Buying farmland and leasing it would be an investment. 

[Yellowtail]

8 minutes ago, jas007 said:

And that's why silver is a good deal right now. There's only so much of it above ground, and only so much is mined every year.  And it's not just for investment, it's used in industry.  And for years, the price has been manipulated.  One of these days, the true value will surface.   

I hope you're right. 

[1FinickyOne]

I don't remember calling it an investment, but for my wife, it certainly is - for me, it is a gift. It is not in my name nor do I have any sort of agreement nor do I want one. 

8 hours ago, Yellowtail said:

t's not really an investment if you have to evict your family to sell. 

 

Buying farmland and leasing it would be an investment. 

 

[Yellowtail]

5 hours ago, 1FinickyOne said:

I don't remember calling it an investment, but for my wife, it certainly is - for me, it is a gift. It is not in my name nor do I have any sort of agreement nor do I want one. 

 

Sorry, I just assumed that since the thread was about investments you were implying it was. My bad. 

[1FinickyOne]

1 hour ago, Yellowtail said:

Sorry, I just assumed that since the thread was about investments you were implying it was. My bad. 

It is an investment - just that it is for my wife - not for me. She treats it as an investment and she is a buy and hold type lady - and it has done very well for her. 

[outsidetrader]

On 5/22/2025 at 8:43 PM, swissie said:

I am starting to feel a bit uneasy. More and more "financial advisors" pushing Gold as a uncontested "store of value", a "safe harbor". The "can't lose" syndrome making the rounds.

 

Those financial advisors forgetting to mention, that Gold has gone thru "bear markets". The last one lasting from July 2011 to December 2015. From $ 1830 down to $ 1060. Not sure if Gold holders considered Gold as a store of value during this time.

 

Let's face it, Gold is a metal (a commodity if you will) it's value measured in US$ daily. Supply and demand, just like in any other commodity.

 

I find it disturbing that increasingly financial advisors are recommending Gold to small investors as a "can't lose"

Buy as much physical Gold as you can NOW 

[SAFETY FIRST]

On 5/22/2025 at 8:43 PM, swissie said:

I am starting to feel a bit uneasy. More and more "financial advisors" pushing Gold as a uncontested "store of value", a "safe harbor". The "can't lose" syndrome making the rounds.

 

Those financial advisors forgetting to mention, that Gold has gone thru "bear markets". The last one lasting from July 2011 to December 2015. From $ 1830 down to $ 1060. Not sure if Gold holders considered Gold as a store of value during this time.

 

Let's face it, Gold is a metal (a commodity if you will) it's value measured in US$ daily. Supply and demand, just like in any other commodity.

 

I find it disturbing that increasingly financial advisors are recommending Gold to small investors as a "can't lose" investment.

Can't lose.

 

It's important that you have safe storage and you got to be patient, not too many here who are patient. 

 

I read on AN forums members posting that they would buy gold and store at the shop. This I would never do, I don't trust anyone. 

 

I have a kasikorn bank safety box here in Pattaya, I've been buying gold bars for investment (bought a few Thai chicks cosmetic gold) for years, my earlier purchases at around 16k a baht weight. 

 

Again, you must have Safe storage. 

 

[Yellowtail]

4 minutes ago, SAFETY FIRST said:

Can't lose.

 

It's important that you have safe storage and you got to be patient, not too many here who are patient. 

 

I read on AN forums members posting that they would buy gold and store at the shop. This I would never do, I don't trust anyone. 

 

I have a kasikorn bank safety box here in Pattaya, I've been buying gold bars for investment (bought a few Thai chicks cosmetic gold) for years, my earlier purchases at around 16k a baht weight. 

 

Well, you trust the bank. 

 

You can't lose if you don't sell. You can lose if you have to sell...

 

[SAFETY FIRST]

5 minutes ago, Yellowtail said:

Well, you trust the bank. 

Kasikorn bank also holds most of my money. 

 

Where do you store your gold and money, who do you trust? 

 

 

[Yellowtail]

6 minutes ago, SAFETY FIRST said:

Kasikorn bank also holds most of my money. 

Good choice. 

6 minutes ago, SAFETY FIRST said:

Where do you store your gold and money, who do you trust? 

I store most of my gold in a safety box at Krungsri. I have my money split between Krungsri, Kasikorn, UOB, Bangkok, Chase NA, and Fidelity. 

 

I trust everyone until they give me reason not to. 

[SAFETY FIRST]

2 minutes ago, Yellowtail said:

Good choice. 

I store most of my gold in a safety box at Krungsri. I have my money split between Krungsri, Kasikorn, UOB, Bangkok, Chase NA, and Fidelity. 

 

I trust everyone until they give me reason not to. 

Banks in Thailand are very safe. 

 

[Yellowtail]

3 minutes ago, SAFETY FIRST said:

Banks in Thailand are very safe. 

 

Indeed, I trust them.

[ExpatOilWorker]

1980-2000 was a bad streek for gold. Could easily happen again.

 

[Yellowtail]

3 minutes ago, ExpatOilWorker said:

1980-2000 was a bad streek for gold. Could easily happen again.

 

While I do not disagree, that chart is a bit suspect. In 1920, gold was about $20 an ounce. A $20 gold piece was 90% gold and weighed just over a Troy ounce. The last year they were minted was 1933. 

[hotsun]

What a silly thread. The ROI you get on gold in a year can happen with bitcoin in a single day

[Yellowtail]

24 minutes ago, hotsun said:

What a silly thread. The ROI you get on gold in a year can happen with bitcoin in a single day

So you have everything in Bitcoin? 

[hotsun]

3 minutes ago, Yellowtail said:

So you have everything in Bitcoin? 

No, im not recommending that

[Yellowtail]

1 minute ago, hotsun said:

No, im not recommending that

Oh, I thought you were implying that discussing any investment not Bitcoin was silly.  

[hotsun]

1 minute ago, Yellowtail said:

Oh, I thought you were implying that discussing any investment not Bitcoin was silly.  

I dont understand golds value as a hedge against the dollar because bitcoin does it better. I wouldnt expect anyone here to understand