rio666uk Posted September 19, 2005 Share Posted September 19, 2005 Hi Guys - can someone please explain the half baht, 1 baht, 2 baht etc thing that my wife and mama-in-law refer to... I know its value related but.... ? Link to comment Share on other sites More sharing options...
raro Posted September 19, 2005 Share Posted September 19, 2005 Hi Guys - can someone please explain the half baht, 1 baht, 2 baht etc thing that my wife and mama-in-law refer to...I know its value related but.... ? <{POST_SNAPBACK}> Here's a good link in German....http://www.baanthai.com/magazin/thaigold2.asp 1 Gold baht = 15.16 gramm. Thai Gold is not 100% pure, but 95-96.5% or 23 Karat. Link to comment Share on other sites More sharing options...
Tywais Posted September 19, 2005 Share Posted September 19, 2005 http://www.belleaircoins.com/coins&things/...ghkaratgold.htm http://www.orchidofsiam.com/orchidofsiam/Gold_in_Thailand Link to comment Share on other sites More sharing options...
rio666uk Posted September 19, 2005 Author Share Posted September 19, 2005 thanks guys - thats much easier than asking my wife to explain.... again Link to comment Share on other sites More sharing options...
davethailand Posted September 19, 2005 Share Posted September 19, 2005 Depends on the current gold price but basically 1 baht gold = around 7000bht, half a baht = 3500, 2 baht = 14000 etc etc. Most rings only go up to half a baht so would cost around 3500 etc etc. (if they want 10baht tell them to **** off) Link to comment Share on other sites More sharing options...
SiamOne Posted September 19, 2005 Share Posted September 19, 2005 it is just a weight, like you use a gram or ounce etc. it comes from the weight of an old baht, a long time ago, I think Link to comment Share on other sites More sharing options...
LivinLOS Posted September 19, 2005 Share Posted September 19, 2005 Depends on the current gold price but basically 1 baht gold = around 7000bht, half a baht = 3500, 2 baht = 14000 etc etc.Most rings only go up to half a baht so would cost around 3500 etc etc. (if they want 10baht tell them to **** off) <{POST_SNAPBACK}> Well behind the times.. Gold is nearly topping 9k per baht currently I understand.. Link to comment Share on other sites More sharing options...
davethailand Posted September 19, 2005 Share Posted September 19, 2005 Depends on the current gold price but basically 1 baht gold = around 7000bht, half a baht = 3500, 2 baht = 14000 etc etc.Most rings only go up to half a baht so would cost around 3500 etc etc. (if they want 10baht tell them to **** off) <{POST_SNAPBACK}> Well behind the times.. Gold is nearly topping 9k per baht currently I understand.. <{POST_SNAPBACK}> Have'nt bought any for a long long time, have'nt a clue what its worth. Link to comment Share on other sites More sharing options...
Eric Davis Posted September 19, 2005 Share Posted September 19, 2005 Depends on the current gold price but basically 1 baht gold = around 7000bht, half a baht = 3500, 2 baht = 14000 etc etc.Most rings only go up to half a baht so would cost around 3500 etc etc. (if they want 10baht tell them to **** off) <{POST_SNAPBACK}> Well behind the times.. Gold is nearly topping 9k per baht currently I understand.. <{POST_SNAPBACK}> Have'nt bought any for a long long time, have'nt a clue what its worth. <{POST_SNAPBACK}> Price of 1 Baht of 23 karat Gold Current local time in Bangkok Sep 19 2005 16:00:08 Buying price 8913 Thai Baht Selling price 9013 Thai Baht http://www.yabz.com/gold/ Link to comment Share on other sites More sharing options...
rio666uk Posted September 19, 2005 Author Share Posted September 19, 2005 Price of 1 Baht of 23 karat Gold Current local time in Bangkok Sep 19 2005 16:00:08 Buying price 8913 Thai Baht Selling price 9013 Thai Baht http://www.yabz.com/gold/ <{POST_SNAPBACK}> thanks - ill be passing this on to my wife Link to comment Share on other sites More sharing options...
Chainat1 Posted September 19, 2005 Share Posted September 19, 2005 Hi Guys - can someone please explain the half baht, 1 baht, 2 baht etc thing that my wife and mama-in-law refer to...I know its value related but.... ? <{POST_SNAPBACK}> All you need to know is..say 'NO' ! But Nong would look lovely in a 10 baht of gold necklace. Link to comment Share on other sites More sharing options...
rio666uk Posted September 19, 2005 Author Share Posted September 19, 2005 thanks Matt - fortunately according to our spend & save agreement - she has decided that she will put more aside into another account (actually a pringles tube under the bed for the gold that she intends to buy.... ive managed to get out of it - which has got to be a first Link to comment Share on other sites More sharing options...
lomatopo Posted September 19, 2005 Share Posted September 19, 2005 Price of 1 Baht of 23 karat Gold Current local time in Bangkok Sep 19 2005 16:00:08 Buying price 8913 Thai Baht Selling price 9013 Thai Baht http://www.yabz.com/gold/ <{POST_SNAPBACK}> Just an FYI, the price you would pay to purchase a one baht gold chain would be 9,013 THB plus an additional charge for workmanship (labor costs to fashion the chain). I think that, for a simple chain, this might be an addtional 300 ~ 500 THB? So you might pay 9,313 THB for a one baht chain today, and tomorrow, if you needed the money, you could sell it back for 8,913 THB (assuming the prices stayed the same tom'w). The buying and selling prices are typically posted somewhere in the shop. Link to comment Share on other sites More sharing options...
astral Posted September 19, 2005 Share Posted September 19, 2005 Check the currency box on the front of the Bangkok Post. That includes the latest gold price. There is a Thread in the Forum as well about the current high price. Link to comment Share on other sites More sharing options...
SiamOne Posted September 20, 2005 Share Posted September 20, 2005 Hi Guys - can someone please explain the half baht, 1 baht, 2 baht etc thing that my wife and mama-in-law refer to...I know its value related but.... ? <{POST_SNAPBACK}> most of these replies were off topic, the OP wanted to know what the Baht was, in gold terms not how much a baht was worth, which is obvious Link to comment Share on other sites More sharing options...
LivinLOS Posted September 20, 2005 Share Posted September 20, 2005 As my father and I are heavily invested in gold and mining investments he is always curius about local gold prices as well as customs and usage.. So he is out her and asks me what the gold price is.. I tell him one baht of gold is worth xxxx and he starts asking what a 'baht' of gold is.. So I just explain that a baht is a unit of weight and he looks at me and says.. What they have a measure of weight the same as thier currency ?? How stupid.. Er yes Dad.. What like pounds perhaps (hes from the UK) !!! That shut the old bugger up !!! Link to comment Share on other sites More sharing options...
sua yai Posted September 20, 2005 Share Posted September 20, 2005 I thought a Baht of gold was simply a measure of weight. Similar to going with coinage to a bank in the UK and they'll weigh it. The exact amount is then known. Also, a bit of gold is useful if you're down on your luck and need to pawn it as a lot of Thais do. And it's a status symbol- wear your riches on your person. Link to comment Share on other sites More sharing options...
mrbojangles Posted September 20, 2005 Share Posted September 20, 2005 And it's a status symbol- wear your riches on your person. And get mugged by youths on Motorbikes I would advise against wearing your wealth round your neck and your wrist and fingers etc. etc. Link to comment Share on other sites More sharing options...
davethailand Posted September 20, 2005 Share Posted September 20, 2005 And it's a status symbol- wear your riches on your person. <{POST_SNAPBACK}> And get mugged by youths on Motorbikes I would advise against wearing your wealth round your neck and your wrist and fingers etc. etc. <{POST_SNAPBACK}> Seconded Link to comment Share on other sites More sharing options...
rio666uk Posted September 20, 2005 Author Share Posted September 20, 2005 Thanks for all your replies... i think ive found the answer to my original question from one of the links that i was sent. "Thai gold is sold by the "Baht weight", which is 15.2 grams. So a "two Baht" chain would weigh 30.4 grams, just a little under one troy ounce (31.1 grams). The price for Thai gold is published in the newspaper by a governmental agency. Every gold shop in the country prominently displays and uses that price (a little over the world gold price) for selling 23K gold items that day." But please, carry on..... starting a topic is sometimes like lighting the blue touch paper and standing back Link to comment Share on other sites More sharing options...
Tywais Posted September 20, 2005 Share Posted September 20, 2005 Thanks for all your replies... i think ive found the answer to my original question from one of the links that i was sent."Thai gold is sold by the "Baht weight", which is 15.2 grams. So a "two Baht" chain would weigh 30.4 grams, just a little under one troy ounce (31.1 grams). The price for Thai gold is published in the newspaper by a governmental agency. Every gold shop in the country prominently displays and uses that price (a little over the world gold price) for selling 23K gold items that day." But please, carry on..... starting a topic is sometimes like lighting the blue touch paper and standing back Topics do tend to get a life of their own, especially after the first couple of posts reveals the answer and nothing else to talk about. Link to comment Share on other sites More sharing options...
howler Posted September 21, 2005 Share Posted September 21, 2005 Thanks for all your replies... i think ive found the answer to my original question from one of the links that i was sent."Thai gold is sold by the "Baht weight", which is 15.2 grams. So a "two Baht" chain would weigh 30.4 grams, just a little under one troy ounce (31.1 grams). The price for Thai gold is published in the newspaper by a governmental agency. Every gold shop in the country prominently displays and uses that price (a little over the world gold price) for selling 23K gold items that day." But please, carry on..... starting a topic is sometimes like lighting the blue touch paper and standing back <{POST_SNAPBACK}> I'm glad you got the answer you AND I were looking for! I hope this thead is not dead, for I have more questions on Thai gold. I usually go through Dubai on my way to Thailand and it seems to me the quality and price is much better than in LOS. Anyone have a comment? Link to comment Share on other sites More sharing options...
SiamOne Posted September 22, 2005 Share Posted September 22, 2005 I'm glad you got the answer you AND I were looking for! I hope this thead is not dead, for I have more questions on Thai gold. I usually go through Dubai on my way to Thailand and it seems to me the quality and price is much better than in LOS. Anyone have a comment? <{POST_SNAPBACK}> how can quality differ? I thought gold was gold, so 23ct should be the same. Or are you referring to workmanship? I can imagine prices can vary though Link to comment Share on other sites More sharing options...
dr_Pat_Pong Posted September 22, 2005 Share Posted September 22, 2005 Hi Guys - can someone please explain the half baht, 1 baht, 2 baht etc thing that my wife and mama-in-law refer to...I know its value related but.... ? <{POST_SNAPBACK}> most of these replies were off topic, the OP wanted to know what the Baht was, in gold terms not how much a baht was worth, which is obvious <{POST_SNAPBACK}> A baht weight of gold isn't really obvious. Link to comment Share on other sites More sharing options...
wilko Posted September 22, 2005 Share Posted September 22, 2005 it is just a weight, like you use a gram or ounce etc.it comes from the weight of an old baht, a long time ago, I think <{POST_SNAPBACK}> E.g. a pound or lira...... Remember that gold and silver are measured in Troy ounces - heavier than an empirical ounce. Link to comment Share on other sites More sharing options...
ovenman Posted September 22, 2005 Share Posted September 22, 2005 So he is out her and asks me what the gold price is.. I tell him one baht of gold is worth xxxx and he starts asking what a 'baht' of gold is.. So I just explain that a baht is a unit of weight and he looks at me and says.. What they have a measure of weight the same as thier currency ?? I have always assumed that way back when, the value of one baht of gold and one baht (monetary) was equivalent. Keep in mind that once upon a time, one baht was a lot of money. Anybody know whether this is true? Link to comment Share on other sites More sharing options...
gharknes Posted September 22, 2005 Share Posted September 22, 2005 Just my opinion but nobody should be considering selling Gold right now as it is on a big run upwards, mostly due the the weakness of the US dollar, oil price and the instability of the markets, Gold is a safe haven for banks and institutions, most experts believe Gold is going to head towards new highs over the next 2 years with some believeing it could double in price, here is some reading http://www.usagold.com/DailyQuotes.html Link to comment Share on other sites More sharing options...
rio666uk Posted September 22, 2005 Author Share Posted September 22, 2005 Thanks for all your replies... i think ive found the answer to my original question from one of the links that i was sent."Thai gold is sold by the "Baht weight", which is 15.2 grams. So a "two Baht" chain would weigh 30.4 grams, just a little under one troy ounce (31.1 grams). The price for Thai gold is published in the newspaper by a governmental agency. Every gold shop in the country prominently displays and uses that price (a little over the world gold price) for selling 23K gold items that day." But please, carry on..... starting a topic is sometimes like lighting the blue touch paper and standing back <{POST_SNAPBACK}> I'm glad you got the answer you AND I were looking for! I hope this thead is not dead, for I have more questions on Thai gold. I usually go through Dubai on my way to Thailand and it seems to me the quality and price is much better than in LOS. Anyone have a comment? <{POST_SNAPBACK}> Hmmm not sure - i had a week stop in Dubai before going to BKK - which was plenty enough time to browse the gold souq there - the price was better i think but as for quality i dont know.... i was more interested in the white gold and there didnt seem to be much difference... Link to comment Share on other sites More sharing options...
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