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24
Report Koh Phi Phi Tip Theft: Bar Owner Shares CCTV Footage of Foreign Tourists
Kids fafing about 🙈 Thieves you halfwit. These people depend on tip money as their wages are so low. W⚓️ -
32
Extension using monthly deposits to Bangkok Bank- FTT before, now shows TPP
read my post carefully. I said I agreed with the former (other banks) but not the latter (other BKK branches) Keep in mind that I was trying to help the OP. -
21
Is Now the Time to Go All-In on Silver—or Stick with Gold?
yep, me too. Color me an happy camper and still stacking. -
6
Do I need to beware of setting up regular bank transfers?
For paying electric bill I simple use the QR-code in the bill – easy peasy to bay via Thai smartphone banking. I use SCB and it works very well. You'll see the amount immediately and can check that it is the same as on your bill. You can chose with account to pay from, if you have more than one bank account in the same bank. You will get a receipt for payment instantly, which is stored in your phone. -
21
Is Now the Time to Go All-In on Silver—or Stick with Gold?
I have gold, silver, bitcoin, etherium, mining stocks in precious metals and uranium and general stocks. Definitely worth having gold and silver in my opinion but diversify. Then when one asset class is correcting, you will have another one that is pumping. I made a fair bit of cash in palladium a few years back when it went higher than gold and platinum but it is finished now as its main use is in catalytic converters which are in decline due to electric vehicles. I still own a small amount of platinum which is facing a similar fate on the catalytic converters but has some other use cases. Silver is half investment metal and half industrial metal with main industrial use case being solar panels. However, the solar industry keeps finding ways to use less silver in solar cells. Every now and again silver has a crazy rally. Now about $32/oz but it has hit $50 twice - in 1979 and aboout 2007, both for a brief moment. It is overdue for another of these big rallies. Central banks made record purchases of gold in 2024 and the Bank for International Settlements BIS made allocated physical gold (identifiable gold bars with serial numbers) a tier 1 asset with effect from July 2015. The only other tier 1 asset that banks can hold to reach their capital adequacy ratios is cash or government bonds. Much of he gold traded today is paper gold or unallocated physical gold which doesn't actually exist, as it is a just a ledger entry, not a deliverable. As distrust for the US and the USD grows, so does the demand for deliverable physical gold. The US claims 6,000 tonnes of gold reserves but probably has much less, as a full audit has not been done since the 50s and some of the gold is probably fake, like the gold plated tungsten ingots found in the Bank of England, or leased out. China claims to have only 2,000 tonnes but probably has 20,000 and another 20,000 in private hands which could be confiscated, if needed. Unlike the US Comex futures market and the London Bullion Market Association which mainly do either cash settlement or in the case of the LBMA settle with non-existent unallocated ledger entry gold Shanghai Futures Exchange and the Shanghai Gold Exchange allow only physical delivery. China and other BRICS see gold as a way to reduce their dependency on the dollar but we will have to wait and see how this process unfolds. It could be a trade currency partly backed by gold. Given the unsustainable level of US government debt that can only be effectively reduced as percentage of GDP by inflation, it seems likely that the dollar will decline over time. There seem to be a number of factors above that support the idea of having some portion of your assets in gold and silver and gold and silver mining stocks. -
59
Crime British and French Tourists Clash in Phuket Nightclub Stabbing
Wrong you balloon. It say’s English speaking. 🙈
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