Where Is Gold Going In This Market

[edgarfriendly]

How do western gold shops perceive thai gold? Do they see it as real or fake?

i took a 5 baht ingot/bar from bkk to ldn a few years back, the gold assayers in hatton gardens(gold/diamond area) wouldnt give me 23 carat price(96.5%), insisting that it could 'only possibly' be 22 or 24 and it wasn't 24

when i pressured the assayer into explaining, he showed me his chart ;

9k (37.5%)

10k (41.67%)

12k (50%)

14k (58.33%)

18k (75%),

22k (91.7%)

24k (99.99%) which i think are international standards - why 23ks not there i dunno, anyone?

so yea, 'they' don't treat it fairly if that's what u were asking, but then i dunno if anyone else would either. i think i got stung for about 60 pounds then, but i was flat outta cash so 1600 was acceptable even though 1660 woulda been nicer.

ef

e2a- it was a while back now, gold in thailand was about 15000 baht per baht (1/2 oz).

Edited July 18, 2011 by edgarfriendly

[churchill]

Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves...

[ExpatJ]

Just discovered that KBanks Gold fund (kasgold on bloomberg) also pays out twice yearly dividends that average 6% and that hit 10% last year- the fund its self is 80% tied to major US based gold ETFs. I just put my money allocated for gold into it instead of gold bars/coins which dont pay dividends obviously (though i have a few small bars stashed away for emergencies). Tax rate on the dividends is 15%.

Just a heads up for thos ethinking of investing in gold.

Correction- dividends are 3-6% each time, 2-3 times per year.

[cloudhopper]

The money of kings that pays dividends in security now trades for 1600 USD/troy oz.

[Naam]

Just discovered that KBanks Gold fund (kasgold on bloomberg) also pays out twice yearly dividends that average 6% and that hit 10% last year- the fund its self is 80% tied to major US based gold ETFs. I just put my money allocated for gold into it instead of gold bars/coins which dont pay dividends obviously (though i have a few small bars stashed away for emergencies). Tax rate on the dividends is 15%.

Just a heads up for thos ethinking of investing in gold.

Correction- dividends are 3-6% each time, 2-3 times per year.

read this and (try not to) weep. present dividend yield based on current price and dividend paid for the last fiscal year is 5.393%, i.e. no such thing like "dividends are 3-6% each time, 2-3 times per year".

http://www.bloomberg.com/apps/quote?ticker=KASGOLD:TB

[lannarebirth]

Just discovered that KBanks Gold fund (kasgold on bloomberg) also pays out twice yearly dividends that average 6% and that hit 10% last year- the fund its self is 80% tied to major US based gold ETFs. I just put my money allocated for gold into it instead of gold bars/coins which dont pay dividends obviously (though i have a few small bars stashed away for emergencies). Tax rate on the dividends is 15%.

Just a heads up for thos ethinking of investing in gold.

Correction- dividends are 3-6% each time, 2-3 times per year.

read this and (try not to) weep. present dividend yield based on current price and dividend paid for the last fiscal year is 5.393%, i.e. no such thing like "dividends are 3-6% each time, 2-3 times per year".

http://www.bloomberg...cker=KASGOLD:TB

Of course Herr Naam is correct, but I find his post disturbing all the same. What the Hell is he doing up at this hour? I tend to set my watch by him and now I'm all confused.

Edited July 18, 2011 by lannarebirth

[Naam]

The money of kings that pays dividends in security now trades for 1600 USD/troy oz.

even more impressive would be if the value of the "money of kings" had not gone up in "money of peasants (USD)" but in "money of emperors (CHF)". 5Y Swiss Franc vs. US-Dollar +57% :jap:

[Naam]

Of course Herr Naam is correct, but I find his post disturbing all the same. What the Hell is he doing up at this hour? I tend to set my watch by him and now I'm all confused.

a bona fide retiree (certified more than two decades ago) sleeps, "works", relaxes, pokes his nose or lusts after the derrière of his Mrs whenever he pleases.

[ExpatJ]

Just discovered that KBanks Gold fund (kasgold on bloomberg) also pays out twice yearly dividends that average 6% and that hit 10% last year- the fund its self is 80% tied to major US based gold ETFs. I just put my money allocated for gold into it instead of gold bars/coins which dont pay dividends obviously (though i have a few small bars stashed away for emergencies). Tax rate on the dividends is 15%.

Just a heads up for thos ethinking of investing in gold.

Correction- dividends are 3-6% each time, 2-3 times per year.

read this and (try not to) weep. present dividend yield based on current price and dividend paid for the last fiscal year is 5.393%, i.e. no such thing like "dividends are 3-6% each time, 2-3 times per year".

http://www.bloomberg...cker=KASGOLD:TB

I'm afraid you may be wrong- the kgold fund website as kbank assets dot com says differently i.e. 2-3 dividends payments per year (its not unkown for bloomberg to have some typos as they essentially glean their info from the original sources)- but in any case, even a 5.39% cash return is 5.39% more than holding physical gold But as i have said on another thread- funds are more risky than physical gold so i recommend people buy physical first before venturing into funds.

Edited July 19, 2011 by ExpatJ

[cloudhopper]

Another fiat currency fail in progress.

http://ae.zawya.com/printstory.cfm?storyid=ZAWYA20110718055635&l=055600110717

To be replaced by another fiat with no mention of "backing". AFAIK every failed fiat currency has been successfully replaced by another "unbacked" fiat currency.

However I imagine Persian gold-holders will be rewarded nonetheless.

[badge]

So with Gold at new highs Ive ran my ruler over it, and depending on what data I put into my model I get varying Long Term targets, the most poignant of which lie at 1355/65/90, so really anywhere between 1350-1400(!), and then 1575-1600. All rather vague then!

Theres some less potentially significant targets along the way at 1365, 1460 and 1515 too.

Some tumultuous trade for bulls en route, but in light of Gold flirting with $1600 Ive dusted the ruler off, and again I have large discrepancies in my data (e.g the '80 high being $850, $875 or $887.5?)

In anycase, from $1635 - $1660 seems to contains a number of Sell signals depending on each data set, so lets see

[badge]

So with Gold at new highs Ive ran my ruler over it, and depending on what data I put into my model I get varying Long Term targets, the most poignant of which lie at 1355/65/90, so really anywhere between 1350-1400(!), and then 1575-1600. All rather vague then!

Theres some less potentially significant targets along the way at 1365, 1460 and 1515 too.

Some tumultuous trade for bulls en route, but in light of Gold flirting with $1600 Ive dusted the ruler off, and again I have large discrepancies in my data (e.g the '80 high being $850, $875 or $887.5?)

In anycase, from $1635 - $1660 seems to contains a number of Sell signals depending on each data set, so lets see

And next Sell on spot AG is $42.95 then perhaps c.$44.

[flying]

Some tumultuous trade for bulls en route, but in light of Gold flirting with $1600 Ive dusted the ruler off, and again I have large discrepancies in my data (e.g the '80 high being $850, $875 or $887.5?)

In anycase, from $1635 - $1660 seems to contains a number of Sell signals depending on each data set, so lets see

I tend to agree & if I were a paper gold trader I would stand aside now & through next week.

August Comex Options Expiration is next week & if nothing else that has each & every month signaled a beating for PM's

Secondly if when they again raise the debt ceiling PM's will take a beating.

Albeit temporary because after all what has fixed?

[cloudhopper]

In anycase, from $1635 - $1660 seems to contains a number of Sell signals depending on each data set, so lets see <img

Unless of course we achieve a breakout or the inverted Hindenburg formation is confirmed 3 times in a row.

[cloudhopper]

when they again raise the debt ceiling PM's will take a beating.<br />Albeit temporary because after all what has fixed?<br />

Why is that?

[flying]

when they again raise the debt ceiling PM's will take a beating.<br />Albeit temporary because after all what has fixed?<br />

Why is that?

Just IMO but as always PM's represent a flight to safety.

Gold alone has risen $100 this month. Some of that is due to the uncertainty (for some)

revolving around this latest crisis the debt ceiling.

But as I also said it will be temporary as nothing has truly been resolved just extended as always.

The downward spiral of currencies in which PM's are priced continues unabated.

Edited July 19, 2011 by flying

[Naam]

I'm afraid you may be wrong- the kgold fund website as kbank assets dot com says differently i.e. 2-3 dividends payments per year (its not unkown for bloomberg to have some typos as they essentially glean their info from the original sources)- but in any case, even a 5.39% cash return is 5.39% more than holding physical gold But as i have said on another thread- funds are more risky than physical gold so i recommend people buy physical first before venturing into funds.

"in any case..." the 5.39 cash return is actually 4.58% after deduction of witholding tax, deduct another 2.5% (physical gold up 28% / KGold up 25.5%) and the total return difference shrinks to 2.08%

i don't argue that there might be several dividend payments per year. but your claim

dividends are 3-6% each time, 2-3 times per year

is totally misleading.

[ExpatJ]

I'm afraid you may be wrong- the kgold fund website as kbank assets dot com says differently i.e. 2-3 dividends payments per year (its not unkown for bloomberg to have some typos as they essentially glean their info from the original sources)- but in any case, even a 5.39% cash return is 5.39% more than holding physical gold But as i have said on another thread- funds are more risky than physical gold so i recommend people buy physical first before venturing into funds.

"in any case..." the 5.39 cash return is actually 4.58% after deduction of witholding tax, deduct another 2.5% (physical gold up 28% / KGold up 25.5%) and the total return difference shrinks to 2.08%

i don't argue that there might be several dividend payments per year. but your claim

dividends are 3-6% each time, 2-3 times per year

is totally misleading.

Misleading, yet correct - just check out kbank assets website on kgold fund

[Naam]

Misleading, yet correct - just check out kbank assets website on kgold fund

link please!

[SolarOhm]

Gold is rated against the decline in the US currency - and has nothing to do with the price of rice.

Measure it also against other hard assets - they have all risen against the $USD

[Naam]

I'm afraid you may be wrong- the kgold fund website as kbank assets dot com says differently i.e. 2-3 dividends payments per year (its not unkown for bloomberg to have some typos as they essentially glean their info from the original sources)- but in any case, even a 5.39% cash return is 5.39% more than holding physical gold But as i have said on another thread- funds are more risky than physical gold so i recommend people buy physical first before venturing into funds.

"in any case..." the 5.39 cash return is actually 4.58% after deduction of witholding tax, deduct another 2.5% (physical gold up 28% / KGold up 25.5%) and the total return difference shrinks to 2.08%

i don't argue that there might be several dividend payments per year. but your claim

dividends are 3-6% each time, 2-3 times per year

is totally misleading.

Misleading, yet correct - just check out kbank assets website on kgold fund

correct is that K-Banks website confirms what Bloomberg says about K-Gold yield. here are the dividend payments for the last 3 years. anybody can calculate the yield, it's not rocket science.

and now no more jokes please!

http://www.kasikornasset.com/th/pages/K-GOLD.aspx?

[ExpatJ]

Yes, thanks for posting- its as i said ...

[cloudhopper]

or maybe you said this

<br />

<br />Just discovered that KBanks Gold fund (kasgold on bloomberg) also pays out twice yearly dividends that average 6% and that hit 10% last year- the fund its self is 80% tied to major US based gold ETFs. I just put my money allocated for gold into it instead of gold bars/coins which dont pay dividends obviously (though i have a few small bars stashed away for emergencies). Tax rate on the dividends is 15%.<br /><br />Just a heads up for thos ethinking of investing in gold.<br />

<br /><br />Correction- dividends are 3-6% each time, 2-3 times per year.<br />

edit - cleaned up the quotes. Anyway I have to know how this works the mathematical duel here is beyond me.

Edited July 19, 2011 by cloudhopper

[Naam]

Yes, thanks for posting- its as i said ...

you don't give up spreading false information, do you?

do the dividend payments add up to the yield percentage you claim or is Bloomberg correct? one does not even need a calculator to see that a payment of 20 Satang can't be the equivalent of

dividends are 3-6% each time

when the share price averages 11 Baht.

and this one is for "Cloudhopper" who talks about a "mathematical duel"

dividends paid in 2554 = 3 times 20 Satang = 60 Satang = THB 0.60 - average share price in 2554 = THB 11.00

take your calculator and type 0.6/11 = how much?

if anybody has problems to calculate simple percentages but owns an average intelligent dog (IQ above 82.5) he should ask his dog for the correct result

p.s. unfortunately there is no gospel like a youtube clip which explains percentage calculations

[cloudhopper]

p.s. unfortunately there is no gospel like a youtube clip which explains percentage calculations  <img src='http://static.thaivisa.com/forum/public/style_emoticons/default/whistling.gif' class='bbc_emoticon' alt='' /><br />

Bummer. Well I got .0545 Doing it 'your' way anyway. Say doc is that the same as 5.45% a year?

[Naam]

p.s. unfortunately there is no gospel like a youtube clip which explains percentage calculations  <img src='http://static.thaivisa.com/forum/public/style_emoticons/default/whistling.gif' class='bbc_emoticon' alt='' /><br />

Bummer. Well I got .0545 Doing it 'your' way anyway. Say doc is that the same as 5.45% a year?

we have a winner! you did it yourself or did you consult your dog?

[churchill]

Argue with Naam or your Calculator .... same result ..

[ExpatJ]

I was using the range- which was 0.2 to 0.75 sedang dividend payment

And in fact that .75 sedang dividend is a 6.8% payment , higher in fact than what i quoted before

Edited July 19, 2011 by ExpatJ

[flying]

when they again raise the debt ceiling PM's will take a beating.<br />Albeit temporary because after all what has fixed?<br />

Why is that?

As I said.....

Note today the ZObama has spoken

Claiming the gang of 6 is making progress on *possible* 4 trillion in cuts over the next 10 years. Inferring raising of the debt ceiling agreement near.

Gold immediately started a small sell off -$14.2 as I type.

But IMO temporary as I said.... 4T in cuts over 10 years?

What will they ask to raise the ceiling by? 2-3-4 Trillion?

What of the interest on the balance over 10 years?

What of the continued stupidity of spending on foreign invasions errr war on terror?

What of UE

What of housing slump etc etc etc

Edited July 19, 2011 by flying

[cloudhopper]

<br />

<br />

when they again raise the debt ceiling PM's will take a beating.<br />Albeit temporary because after all what has fixed?<br />

<br />Why is that?<br />

<br /><br />As I said.....<br />Note today the ZObama has spoken  <img src='http://static.thaivisa.com/forum/public/style_emoticons/default/laugh.gif' class='bbc_emoticon' alt='' /> <br /><br />Claiming the gang of 6 is making progress on *possible* 4 trillion in cuts over the next 10 years. Inferring raising of the debt ceiling agreement near.<br />Gold immediately started a small sell off -$14.2 as I type.<br /><br />But IMO temporary as I said.... 4T in cuts over 10 years?<br />What will they ask to raise the ceiling by? 2-3-4 Trillion?<br />What of the interest on the balance over 10 years?<br />What of the continued stupidity of spending on <strike>foreign invasions</strike> errr war on terror?<br />What of UE<br />What of housing slump etc etc etc<br />

<br /><br /><br />

Good call flying