deejah Posted March 9, 2012 Share Posted March 9, 2012 during the last few years i have seen the baht maintain it's buying power and increase in value against the dollar also economic power may be shifting to the east there are factors not as easy to see banking, debt, commerce, etc... as well as the emergency factor of having to leave the country Link to comment Share on other sites More sharing options...
topt Posted March 9, 2012 Share Posted March 9, 2012 Historically I have GBP but I work in China, get paid in $US and spend mainly baht.......very conflicted! I wish I had bought Ozzie $s some years ago but hindsight is, as ever, a wonderful thing. Supposedly diversification is the thing in one's investment portfolio to reduce the risk so the same should be true with currencies - shouldn't it? Link to comment Share on other sites More sharing options...
fletchsmile Posted March 9, 2012 Share Posted March 9, 2012 I'd rather have a combination. Living in Thailand means having some THB assets here makes sense. Many people with the mantra of "don't invest in Thailand blah blah blah" have struggled as the THB has strengthened, and even more so if relying on interest income from western currencies. Having some assets in the currency of where you came from also makes sense, for visits back home and keeping options open/ not burning bridges. Having some assets in currencies offshore outside Thailand can be useful for investments. Having some in USD for times of financial crisis isn't too bad an idea, while it is still viewed as a safe haven. Personally don't like USD as a long term view though. Having some money in gold or exposure to gold isn't too bad when the world is a mess. In terms of which will do best? I prefer Asian currencies generally to Western for a longer term view once all the above are taken into account. The balance of power is shifting from West to East so Asian generally currencies make sense. Link to comment Share on other sites More sharing options...
Naam Posted March 9, 2012 Share Posted March 9, 2012 In terms of which will do best? I prefer Asian currencies generally to Western for a longer term view once all the above are taken into account. The balance of power is shifting from West to East so Asian generally currencies make sense. seconded! 1 Link to comment Share on other sites More sharing options...
bendix Posted March 9, 2012 Share Posted March 9, 2012 I'd rather have a combination. Living in Thailand means having some THB assets here makes sense. Many people with the mantra of "don't invest in Thailand blah blah blah" have struggled as the THB has strengthened, and even more so if relying on interest income from western currencies. There is a direct correlation between those who say that and those who have no money to invest anyway. 1 Link to comment Share on other sites More sharing options...
damo Posted March 10, 2012 Share Posted March 10, 2012 (edited) Now is the best time to be spending AUD in Thailand. If you have the capacity to earn in Thailand then sitting on it and funneling back when times are not so good for currencies like the AUD is the strategy. I do agree with your remark about the economic shift from west to east, exept I believe it is a lot more broader than just economic. Edited March 10, 2012 by damo Link to comment Share on other sites More sharing options...
Gary A Posted March 10, 2012 Share Posted March 10, 2012 I now have more assets here in Thailand than I have in the US. At least I won't be broke if one currency or the other falls apart. 1 Link to comment Share on other sites More sharing options...
jb5music Posted March 10, 2012 Share Posted March 10, 2012 (edited) Being completely financially illitirate I would still have to say that the incredible baht to USD value is the mainstaple of the farangs existence in (LOS?) To DARE to venture to introduce dual currency would probably end up in disaster . I.E. an $800 USD/month apartment that rents for 5000 Thai baht would simply rent for $800/month if you paid USD for it. So don't do it - Don't go there. Leave the USD in the library with mr. Atos and see if you can steer Obamas away from inflating overseas currencies so US can get a slightly better deal in their land of $800 a month shoebox apartments. The Annex 1 country inflation rate is the problem - not the hold over - turn of the century - 3rd world cost of living preservation. See if you can get everybody expatriating who's not here to go to South America or something. Shine the light for the June bugs on some other continent. HIDE for as long as possible. They'll get to this and equalize everything for a handfull fews greedy profits in due time most likely. Edited March 10, 2012 by jb5music Link to comment Share on other sites More sharing options...
bendix Posted March 10, 2012 Share Posted March 10, 2012 Being completely finacially illitirate I would still have to say that the incredible baht to USD value is the mainstaple of the farangs existence in (LOS?) To DARE to venture to introduce dual currency would probably end up in disaster . ie an $800 USD/month apartment that rents for 5000 Thai baht would simply rent for $800/month if you paid USD for it. So don't do it - Don't go there. Leave the USD IN THE LIBRARY WITH MR. ATOS. (understand?) What on earth are you talking about? Link to comment Share on other sites More sharing options...
Gonsalviz Posted March 10, 2012 Share Posted March 10, 2012 Anyone remember 1997? Link to comment Share on other sites More sharing options...
topt Posted March 10, 2012 Share Posted March 10, 2012 (edited) Anyone remember 1997? Too well unfortunately..... I arrived in Manila in early July to take up a position with a multinational and less than a week in Most commentators seem to be saying that Asian banks have learnt from that and are not in the same position although what the situation is with Chinese banks though seems far from transparent. Personally I would like to see the RMB opened up a lot more but I am not holding my breath. Edited March 10, 2012 by topt Link to comment Share on other sites More sharing options...
jb5music Posted March 10, 2012 Share Posted March 10, 2012 Being completely finacially illitirate I would still have to say that the incredible baht to USD value is the mainstaple of the farangs existence in (LOS?) To DARE to venture to introduce dual currency would probably end up in disaster . ie an $800 USD/month apartment that rents for 5000 Thai baht would simply rent for $800/month if you paid USD for it. So don't do it - Don't go there. Leave the USD IN THE LIBRARY WITH MR. ATOS. (understand?) What on earth are you talking about? The same thing you were I thought - Don't implement dual currency. Link to comment Share on other sites More sharing options...
Naam Posted March 10, 2012 Share Posted March 10, 2012 Being completely finacially illitirate I would still have to say that the incredible baht to USD value is the mainstaple of the farangs existence in (LOS?) To DARE to venture to introduce dual currency would probably end up in disaster . ie an $800 USD/month apartment that rents for 5000 Thai baht would simply rent for $800/month if you paid USD for it. So don't do it - Don't go there. Leave the USD IN THE LIBRARY WITH MR. ATOS. (understand?) What on earth are you talking about? what part that you should leave your US-Dollars with Mr Atos is it that you don't understand Bendix? Link to comment Share on other sites More sharing options...
topt Posted March 10, 2012 Share Posted March 10, 2012 Being completely finacially illitirate I would still have to say that the incredible baht to USD value is the mainstaple of the farangs existence in (LOS?) To DARE to venture to introduce dual currency would probably end up in disaster . ie an $800 USD/month apartment that rents for 5000 Thai baht would simply rent for $800/month if you paid USD for it. So don't do it - Don't go there. Leave the USD IN THE LIBRARY WITH MR. ATOS. (understand?) What on earth are you talking about? what part that you should leave your US-Dollars with Mr Atos is it that you don't understand Bendix? I will bite. I am thinking I am with Bendix on this - who or <deleted> is "Mr Atos" ? Link to comment Share on other sites More sharing options...
Naam Posted March 10, 2012 Share Posted March 10, 2012 I'd rather have a combination. Living in Thailand means having some THB assets here makes sense. Many people with the mantra of "don't invest in Thailand blah blah blah" have struggled as the THB has strengthened, and even more so if relying on interest income from western currencies. There is a direct correlation between those who say that and those who have no money to invest anyway. this correlation can be seen lookingat these two graphs (y-axis = frequency 1k, x-axis = ticks time months member Thaivisa). Link to comment Share on other sites More sharing options...
Naam Posted March 10, 2012 Share Posted March 10, 2012 Being completely finacially illitirate I would still have to say that the incredible baht to USD value is the mainstaple of the farangs existence in (LOS?) To DARE to venture to introduce dual currency would probably end up in disaster . ie an $800 USD/month apartment that rents for 5000 Thai baht would simply rent for $800/month if you paid USD for it. So don't do it - Don't go there. Leave the USD IN THE LIBRARY WITH MR. ATOS. (understand?) What on earth are you talking about? what part that you should leave your US-Dollars with Mr Atos is it that you don't understand Bendix? I will bite. I am thinking I am with Bendix on this - who or <deleted> is "Mr Atos" ? Mr Atos is the illit-irate uncle of Mr jb5music... i reckon Link to comment Share on other sites More sharing options...
takatukaland Posted March 10, 2012 Share Posted March 10, 2012 I'd rather have a combination. Living in Thailand means having some THB assets here makes sense. Many people with the mantra of "don't invest in Thailand blah blah blah" have struggled as the THB has strengthened, and even more so if relying on interest income from western currencies. Having some assets in the currency of where you came from also makes sense, for visits back home and keeping options open/ not burning bridges. Having some assets in currencies offshore outside Thailand can be useful for investments. Having some in USD for times of financial crisis isn't too bad an idea, while it is still viewed as a safe haven. Personally don't like USD as a long term view though. Having some money in gold or exposure to gold isn't too bad when the world is a mess. In terms of which will do best? I prefer Asian currencies generally to Western for a longer term view once all the above are taken into account. The balance of power is shifting from West to East so Asian generally currencies make sense. Hmm what i remember is,the US$ was always 1-25bt today it,s over 30 so whats wrong? Link to comment Share on other sites More sharing options...
Naam Posted March 10, 2012 Share Posted March 10, 2012 Hmm what i remember is,the US$ was always 1-25bt today it,s over 30 so whats wrong? hmmm... you don't remember 1/55 in 1998 or 1/45 in 2001 or 1/42 in 2005? and you forgot that 1/20 was up to 1985 whereas 1/25 was from 1985 till mid 1997? there's nothing wrong with 30 but something very wrong with your claim "always 25". Link to comment Share on other sites More sharing options...
jb5music Posted March 10, 2012 Share Posted March 10, 2012 Being completely finacially illitirate I would still have to say that the incredible baht to USD value is the mainstaple of the farangs existence in (LOS?) To DARE to venture to introduce dual currency would probably end up in disaster . ie an $800 USD/month apartment that rents for 5000 Thai baht would simply rent for $800/month if you paid USD for it. So don't do it - Don't go there. Leave the USD IN THE LIBRARY WITH MR. ATOS. (understand?) What on earth are you talking about? what part that you should leave your US-Dollars with Mr Atos is it that you don't understand Bendix? Far fetched I will agree - Mr Atos is the keeper of a time machine called the Atavichron. Don't implement the modern affluent nations corruption, and inflated CURRENCY (not your dollars) via your trip back through the atavichron portal to a simpler, lower cost of living, time. You'll be flagged for a violation of the Prime Directive. http://www.startrek.com/watch_episode/WhJoOMDR1zf8G7MzRDtylL6tXUY9m7ZP Link to comment Share on other sites More sharing options...
jb5music Posted March 10, 2012 Share Posted March 10, 2012 (edited) Hmm what i remember is,the US$ was always 1-25bt today it,s over 30 so whats wrong? hmmm... you don't remember 1/55 in 1998 or 1/45 in 2001 or 1/42 in 2005? and you forgot that 1/20 was up to 1985 whereas 1/25 was from 1985 till mid 1997? there's nothing wrong with 30 but something very wrong with your claim "always 25". and what did $55 buy in the US in 1998 as opposed to 2012? - and how much did a 2012 $800/month shoebox appartment go for in 1998? $400? Edited March 10, 2012 by jb5music Link to comment Share on other sites More sharing options...
jb5music Posted March 10, 2012 Share Posted March 10, 2012 (edited) . Edited March 10, 2012 by jb5music Link to comment Share on other sites More sharing options...
Naam Posted March 11, 2012 Share Posted March 11, 2012 Hmm what i remember is,the US$ was always 1-25bt today it,s over 30 so whats wrong? hmmm... you don't remember 1/55 in 1998 or 1/45 in 2001 or 1/42 in 2005? and you forgot that 1/20 was up to 1985 whereas 1/25 was from 1985 till mid 1997? there's nothing wrong with 30 but something very wrong with your claim "always 25". and what did $55 buy in the US in 1998 as opposed to 2012? - and how much did a 2012 $800/month shoebox appartment go for in 1998? $400? i cannot comment on shoeboxes and leave that up to the experts who rent/live or have rented/lived in shoeboxwa. but whatever... no amount of shoebox rent justifies information based on ignorance such as "the US$ was always 1-25bt". case closed. bailiff next! Link to comment Share on other sites More sharing options...
deejah Posted March 11, 2012 Author Share Posted March 11, 2012 i am absolutely amazed that 10 baht still basically buys what it did 8 years ago as well as 30-40 baht meals and even beer at 30 a can/bottle the list goes on feels freakishly stable compared to....well you know where is the primary, or most notable inflation(s), in Thailand? Link to comment Share on other sites More sharing options...
Naam Posted March 11, 2012 Share Posted March 11, 2012 as well as 30-40 baht mealsand even beer at 30 a can/bottle the list goes on a free bath in the sea, free sand at the beach, free drinking water in the toilets of restaurants, free calls "hansum man" from bar girls, free sunshine when it does not rain... Link to comment Share on other sites More sharing options...
deejah Posted March 16, 2012 Author Share Posted March 16, 2012 as well as 30-40 baht mealsand even beer at 30 a can/bottle the list goes on a free bath in the sea, free sand at the beach, free drinking water in the toilets of restaurants, free calls "hansum man" from bar girls, free sunshine when it does not rain... ??? and your point is??? please try to stay on topic, thanks no matter how difficult you may find that Link to comment Share on other sites More sharing options...
deejah Posted March 16, 2012 Author Share Posted March 16, 2012 as well as 30-40 baht mealsand even beer at 30 a can/bottle the list goes on a free bath in the sea, free sand at the beach, free drinking water in the toilets of restaurants, free calls "hansum man" from bar girls, free sunshine when it does not rain... This looks like a thinly disguised put down by not fully quoting, and by the off topic content of the response. After seeing a lot jabs, stabs, and put downs on the internet, here is the 411 and why these posts convey a low morale. -They are outside of the purpose, spirit, and rules of most forums. -They lack manners, (n)etiquette, maturity and self control. -Often are feeble attempts at humor at someone else's expense. -Ways of feeling superior. -Clearly express deeper inner character flaws and insecurities. -Completely unnecessary and uncalled for. Please for god sakes try and control yourselves and push for a higher standard. Link to comment Share on other sites More sharing options...
bendix Posted March 17, 2012 Share Posted March 17, 2012 Thanks for explaining all that deejah. It's very helpful. Naam, please take note and don't let it happen again. Good man. Link to comment Share on other sites More sharing options...
Naam Posted March 17, 2012 Share Posted March 17, 2012 as well as 30-40 baht mealsand even beer at 30 a can/bottle the list goes on a free bath in the sea, free sand at the beach, free drinking water in the toilets of restaurants, free calls "hansum man" from bar girls, free sunshine when it does not rain... ??? and your point is??? please try to stay on topic, thanks no matter how difficult you may find that my comments are bloody well justified in context with "10 baht still basically buys what it did 8 years ago". ridiculous statements invite ridiculing comments. welcome to reality! Link to comment Share on other sites More sharing options...
deejah Posted March 17, 2012 Author Share Posted March 17, 2012 (edited) as well as 30-40 baht mealsand even beer at 30 a can/bottle the list goes on a free bath in the sea, free sand at the beach, free drinking water in the toilets of restaurants, free calls "hansum man" from bar girls, free sunshine when it does not rain... ??? and your point is??? please try to stay on topic, thanks no matter how difficult you may find that my comments are bloody well justified in context with "10 baht still basically buys what it did 8 years ago". ridiculous statements invite ridiculing comments. welcome to reality! ridiculous how? it is a factual statement an indication of economic stability not silly or condescending or 'out there' Edited March 17, 2012 by deejah Link to comment Share on other sites More sharing options...
deejah Posted March 17, 2012 Author Share Posted March 17, 2012 (edited) as well as 30-40 baht mealsand even beer at 30 a can/bottle the list goes on a free bath in the sea, free sand at the beach, free drinking water in the toilets of restaurants, free calls "hansum man" from bar girls, free sunshine when it does not rain... ??? and your point is??? please try to stay on topic, thanks no matter how difficult you may find that my comments are bloody well justified in context with "10 baht still basically buys what it did 8 years ago". ridiculous statements invite ridiculing comments. welcome to reality! disrespectful childish tit for tat disappointing your 'reality' is extremely limited the opposite of uplifting Edited March 17, 2012 by deejah Link to comment Share on other sites More sharing options...
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