February 1Feb 1 Popular Post 19 minutes ago, save the frogs said:10 Trillion dollars combined holdings value of gold and silver was wiped out in one day.Previous crashes:1980 - silver goes from 6$ to 50$ and then crashed back to 10$2011 - silver goes from 8$ to 50$ and then crashed to 26$ and took 13 years to recover2026 - 26$ to 121$ , biggest jump ever, fed chairman announcement, silver crashes 40%There is even a conspiracy that the Feds are creating crashes of precious metals, I guess preventing too many people from moving away from the dollar.No inventory, so I am guessing they are blocking purchase because too many people investing in precious metals might precipitate the dollar collapsing too suddenly and cause too much havoc.Or maybe I don't know what I'm talking about. But does not seem like a safe alternative to me.Same with Bitcoin. If too many people start moving into Bitcoin, they can just crash it.Bitcoin is so easy to manipulate too. The crash that just happened in precious metals is greater than the entire market cap of btc.
February 1Feb 1 Some posts and replies have been removed:Low-Value Posts - Posts that add no written contribution are not allowed.This includes emoji-only replies, very short comments, memes, GIFs, screenshots, or embedded social media posts without explanation or opinion.
February 1Feb 1 1 hour ago, save the frogs said:2026 - 26$ to 121$ , biggest jump ever, fed chairman announcement, silver crashes 40%If you want to scaremonger you should get your facts right.Silver didn't go from 26$ to 121$ in 2026, neither did it crash 40%
February 1Feb 1 39 minutes ago, CallumWK said:If you want to scaremonger you should get your facts right.Silver didn't go from 26$ to 121$ in 2026, neither did it crash 40%Silver - Mar 2026 (Silver)WatchlistShareCompareJoin the discussion78.53at close
February 1Feb 1 6 minutes ago, still kicking said:Silver - Mar 2026 (Silver)WatchlistShareCompareJoin the discussion78.53at closeWe are not in March yet, and silver didn't start 2026 at 26US$ and neither did it close at 78 US$ on Friday.https://tradingeconomics.com/commodity/silver
February 1Feb 1 55 minutes ago, CallumWK said:We are not in March yet, and silver didn't start 2026 at 26US$ and neither did it close at 78 US$ on Friday.https://tradingeconomics.com/commodity/silverThe March reference is to the futures price.
February 1Feb 1 Popular Post 22 minutes ago, nauseus said:The March reference is to the futures price.Yes I know, that is why I mentioned it. The only thing that counts is the market price, which was 84.63 at closing time of the US markets
February 1Feb 1 I deal with the 65,000 baht per month FTT retirement extension of stay.at 30 baht per USD that = about $2170 per month.at 25 baht per USD that = $2600 per month.so extra $400+ per month. I wouldn't like it but I wouldn't call it 'disaster'.
February 1Feb 1 On 1/31/2026 at 9:46 AM, Schoggibueb said:If you have a WISE-account, you can hold lots of different currencies.Most European banks allow customers to open accounts in foreign currencies, at the very least in the most commonly traded ones like USD, GBP, CHF. I therefore assume that also in the States it is possible.
February 1Feb 1 Thais buy more gold then just about anyone in the world. Gold has gone up., so the baht has strengthened against most currencies.The post Covid bonanza of 35 baht to the dollar was never meant to last. The baht has traded within a range of 31 to 33 to the dollar for just about ever. It’s at 31 again.The primary determinant of the dollar’s value is interest rates. When they are high people want the buy T-bills. when they are lower, less soWhen interest rate rates are lowered when there is no financial crisis that would necessitate that, the dollar goes lower still. That is what Trump is doing by insisting on lower interest rate rates when the economy is doing pretty well.He talks out of both sides of his mouth. The economy is fine, but we have to lower interest rates, which is only done when the economy is in trouble. Lower interest rates, artificially juice the stock market because corporations can borrow at lower rates and therefore improve their balance sheets without actually growing their businesses.It does not take a PhD to understand these simple facts. A 30 second Google would confirm what I have just said.I just read a long book on the subject, our dollar, your problem. The current diversification away from the dollar is not huge and is broadly cyclical. The dollar is here to stay. For example, oil is traded in dollars. For that to change would be a historic event at the level of both World War I and two happening at the same time.TINA - there is no alternative. Another funny economic quote is that the dollar is the prettiest girl at the ugly contest. You cannot name a currency that is a safe a Haven as a dollar or that also doesn’t have problems, just like the dollar does.
February 2Feb 2 Thais buy more gold then just about anyone in the world. Gold has gone up., so the baht has strengthened against most currencies.42 minutes ago, Prubangboy said:The post Covid bonanza of 35 baht to the dollar was never meant to last. The baht has traded within a range of 31 to 33 to the dollar for just about ever. It’s at 31 again.The primary determinant of the dollar’s value is interest rates. When they are high people want the buy T-bills. when they are lower, less soWhen interest rate rates are lowered when there is no financial crisis that would necessitate that, the dollar goes lower still.That is what Trump is doing by insisting on lower interest rate rates when the economy is doing pretty well.He talks out of both sides of his mouth. The economy is fine, but we have to lower interest rates, which is only done when the economy is in trouble. Lower interest rates, artificially juice the stock market because corporations can borrow at lower rates and therefore improve their balance sheets without actually growing their businesses.It does not take a PhD to understand these simple facts. A 30 second Google would confirm what I have just said.I just read a long book on the subject, our dollar, your problem. The current diversification away from the dollar is not huge and is broadly cyclical. The dollar is here to stay. For example, oil is traded in dollars. For that to change would be a historic event at the level of both World War I and two happening at the same time.TINA - there is no alternative. Another funny economic quote is that the dollar is the prettiest girl at the ugly contest. You cannot name a currency that is a safe a Haven as a dollar or that also doesn’t have problems, just like the dollar does.Trump has no clue about the mechanics of interest rates. You have given a perfect example of this, and yet not a peep from his treasury secretary or any of his economic advisers. Are they just as ignorant as he is and his MAGA supporters?
February 2Feb 2 I don’t ever discuss politics hereI am here only to share useful informationIf you want to discuss politics, please consult my favorite autistic Bogan.He won’t ever actually say anything, but you can talk with him for hours.
February 2Feb 2 On 1/31/2026 at 11:17 AM, Chomper Higgot said:Trump supporting expats living on U.S. dollar incomes will somehow spin the devaluation as a good thing for their finances.Pay stupid games win stupid prizes. Winning with Trump who banrupted every business he got his pudgy little hands on with money from daddy.
February 2Feb 2 The most important economic concept is return to the mean.Economies, barring some catastrophe, stay within a fairly predictable range, just like the dollar baht exchange does. The hysteria I read on this page is about events that will never happen. Without getting political, Trump‘s attempts at lowering interest rate rates means higher interest rates of the road. You can def have your cake and eat it economically, but only for a very short time.That’s what we are experiencing now. Low rates always mean higher inflation. Inflation is much more destructive to wealth, particularly for lower income people, than higher rates are.There is no substitute for real growth in mature capitalism, Real growth is harder to find. Every good idea has been used up for the moment. AI Will not painlessly save us
February 2Feb 2 Popular Post 8 minutes ago, Prubangboy said:The most important economic concept is return to the mean.Economies, barring some catastrophe, stay within a fairly predictable range, just like the dollar baht exchange does. The hysteria I read on this page is about events that will never happen.Without getting political, Trump‘s attempts at lowering interest rate rates means higher interest rates of the road.You can def have your cake and eat it economically, but only for a very short time.That’s what we are experiencing now.Low rates always mean higher inflation. Inflation is much more destructive to wealth, particularly for lower income people, than higher rates are.There is no substitute for real growth in mature capitalism, Real growth is harder to find. Every good idea has been used up for the moment. AI Will not painlessly save us"AI will not painlessly save us." You got that right. Already it is consuming electricity at an alarming rate which in turn will eventually cause more inflation. And what about all the workers that are being replaced by AI.That and a lots more pain coming.
February 2Feb 2 6 minutes ago, Hawaiian said:"AI will not painlessly save us." You got that right. Already it is consuming electricity at an alarming rate which in turn will eventually cause more inflation. And what about all the workers that are being replaced by AI.That and a lots more pain coming.If you are now running on AI slop you're days are numbered - I actually prefer spending increasing amounts of my online time querying Claude /Gemini as it cuts out the morons and ensures an intellectual rabiit hole of curiosity that and any Thai legal, real estate questions etc are easily answeredf and accurately for the most part by LLM's.
February 2Feb 2 Popular Post 6 minutes ago, gargamon said:What happened to bitcoin anyway? Trump disaster too.You forgot the most important one, since MAGA's on here still claim they made money on it 😂
February 2Feb 2 4 minutes ago, CallumWK said:You forgot the most important one, since MAGA's on here still claim they made money on it 😂Pardon my ignorance, but what exactly is a Trump in this chart?
February 2Feb 2 Popular Post 1 minute ago, gargamon said:Pardon my ignorance, but what exactly is a Trump in this chart?https://en.wikipedia.org/wiki/$Trump$Trump (stylized in all caps) is a meme coin associated with United States president Donald Trump, hosted on the Solana blockchain platform.[1] One billion coins were created; 800 million remain owned by two Trump-owned companies, after 200 million were publicly released in an initial coin offering (ICO) on January 17, 2025. Less than a day later, the aggregate market value of all coins was more than $27 billion, valuing Trump's holdings at more than $20 billion. A March 2025 Financial Times analysis found that the crypto project netted at least $350 million through sales of tokens and fees.[2]
February 2Feb 2 3 hours ago, AndreasHG said:Most European banks allow customers to open accounts in foreign currencies, at the very least in the most commonly traded ones like USD, GBP, CHF. I therefore assume that also in the States it is possible.Foreign currency account is also in Thailand available. The exchange rates are really bad, the costs / fees are much higher and zero flexibility. No automatic exchange possible.If I remember correctly, they exchange (for example) your US$ first to THB and then to exchange it to GBP.You loose much too much money.
February 2Feb 2 1 minute ago, Schoggibueb said:Foreign currency account is also in Thailand available. The exchange rates are really bad, the costs / fees are much higher and zero flexibility. No automatic exchange possible.I agree and see no reason to open an account in foreign currency in a Thai bank, unless you have no other options.
February 2Feb 2 59 minutes ago, KhunLA said:Skyrocketing once again ...Yes, suuure. In one hour it gained 0.15 Baht. What a skyrocket 🤑...
February 2Feb 2 2 minutes ago, Schoggibueb said:If I remember correctly, they exchange (for example) your US$ first to THB and then to exchange it to GBP.No they don't. What you describe is the process if you want to send the foreign currency back to the original country. They will first exchange to THB, then to the foreign currency as they can't send THB out of the country.4 minutes ago, Schoggibueb said:The exchange rates are really bad, the costs / fees are much higher and zero flexibility.There are no fees, and the exchange rate, at the time you want to change it to THB, is the same as when you transfer. For large amounts you even can negotiate the rate a little.Edit : Correction there is a small fee.
February 2Feb 2 7 minutes ago, CallumWK said:No they don't. What you describe is the process if you want to send the foreign currency back to the original country. They will first exchange to THB, then to the foreign currency as they can't send THB out of the country.There are no fees, and the exchange rate is the same as when you transfer. For large amounts you even can negotiate the rate a little.Thanks for setting it right. For me still no option though.
February 2Feb 2 WaaaaaaaaaaaaaaaaaaaaahhhhhhhhhhhWe Americans have been through worse ok. We survived the Great Global Depression and will get through this.
February 2Feb 2 4 minutes ago, Taboo2 said:WaaaaaaaaaaaaaaaaaaaaahhhhhhhhhhhWe Americans have been through worse ok. We survived the Great Global Depression and will get through this.Survive? Yes, but in what shape. Those who are not prepared will not fare well.
February 2Feb 2 1 hour ago, Schoggibueb said:Yes, suuure. In one hour it gained 0.15 Baht. What a skyrocket 🤑...And against 1 currency. I think in that hour the Euro gained more than the Dollar. So the Dollar depreciated against the Euro.
February 2Feb 2 Popular Post 5 minutes ago, stevenl said:And against 1 currency. I think in that hour the Euro gained more than the Dollar. So the Dollar depreciated against the Euro.Rates to THB:1 year: /// 1 month:US$: -6.21% /// +0.49% The skyrocket...😀EUR: +7.34% /// +1.6%GPB: +3.4% /// +2.08%CHF: +10.55% /// +2.98%
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