What do you buy online mostly ?

[WhiteCadillac]

Thanks for your reply.

I've read that, but the spread seems to be only 100 baht in most gold shops, so it should be only 0,5% or even less with today's high prices.

If you buy and sell through the major gold trading houses, then yes, the spread really is only 100 baht.

If you walk into any random retail gold shop, they will generally try and charge you 200 baht over the retail price when you buy a bar, and sometimes short you if you are trying to sell back as well. Generally when this happens, all the shops in the area are doing the same thing, so your only choice is to try a different part of town.

Stick with the brand name investment houses if you want to avoid this issue.

Where to buy gold in CM without paying 200 baht extra on top of the spread? My friend would like to buy a bar.

Please recommend shops.

[WinnieTheKhwai]

You're spending thousands and are worried about 200 baht?

Or if this is an investment, then go to a bank.

Edited June 9, 2011 by WinnieTheKhwai

[Pond Life]

Yeah, put it in a bank, we've seen how much we can trust banks, right !

Worrorot market.

1 road back from the riverside road.

Head down this road away from Worrorot towards Tapae.

Look up, you'll see a pedestrian bridge.

Where the bridge joins the ground on the right there a very small gold shop.

One of many in the area.

50 Baht commission.

[WhiteCadillac]

You're spending thousands and are worried about 200 baht?

Or if this is an investment, then go to a bank.

I hope you don't post in investment threads anymore.

[WhiteCadillac]

Yeah, put it in a bank, we've seen how much we can trust banks, right !

Worrorot market.

1 road back from the riverside road.

Head down this road away from Worrorot towards Tapae.

Look up, you'll see a pedestrian bridge.

Where the bridge joins the ground on the right there a very small gold shop.

One of many in the area.

50 Baht commission.

Thanks this was the information that my friend was looking for.

[yesterday]

Yeah, put it in a bank, we've seen how much we can trust banks, right !

Worrorot market.

1 road back from the riverside road.

Head down this road away from Worrorot towards Tapae.

Look up, you'll see a pedestrian bridge.

Where the bridge joins the ground on the right there a very small gold shop.

One of many in the area.

50 Baht commission.

Thanks this was the information that my friend was looking for.

You go to a tiny shop to save 2 dollars while spending thousands, Question : how do you know they are pure un cut bars? What stops shops form cutting the gold just 1-2% ?

With gold cost so high now 1 -2% is strong money if cutting it in any numbers? The typical gold test kit does not tell you exact % of purity ,right?