banglay Posted April 18, 2013 Share Posted April 18, 2013 Will GOLD keep falling or when will it level?? is now the time to buy or should I hang fire and wait ????. Link to comment Share on other sites More sharing options...
David48 Posted April 18, 2013 Share Posted April 18, 2013 If your balls are big ... buy. This could be an opportunity. All depends on the worlds' printing presses and thus ... inflation. . Link to comment Share on other sites More sharing options...
jbrain Posted April 18, 2013 Share Posted April 18, 2013 I'm not at home now, but as soon as I will look in my crystal ball and report it here. 2 Link to comment Share on other sites More sharing options...
yoshiwara Posted April 18, 2013 Share Posted April 18, 2013 Re: 'Will GOLD keep falling or when will it level?? is now the time to buy or should I hang fire and wait ????.' What you should do is sell the gold you have now, wait until the price rises a little and then get back in. Alternatively buy some more with cash you don't have and then sell when the price has dropped some more. Link to comment Share on other sites More sharing options...
Hedghog Posted April 18, 2013 Share Posted April 18, 2013 The gold market has been stagnant for the last few months, After 2 years of unrealistic gains, The current price is a correction,giving a somewhat true value. Major market institutions are of loading gold to seek investments with a better return,also long term future holders are profit taking. My humble opinion is buy,as a long term view,with occasional upward price gains. A fall in price of the recent magnitude is unprecedented,(the bottom has fell out) End of the day it is your money,you make the choice. Many professional traders get it wrong.. Good luck. Link to comment Share on other sites More sharing options...
fiddlehead Posted April 18, 2013 Share Posted April 18, 2013 Went to a gold shop today to find out the price as I'm thinking of buying some gold jewelry for investment and it will please the wife. (Thai style investing, aye?) So, they quoted me 20,000 baht per baht. I asked what yesterday's price was and they said 20,400 (I knew it had dropped further from the big drop 2 days ago)I asked what it was 2 days ago and they said 22,150. So, I see it is in line with the drop of 10-12% worldwide. Then I look in a Bangkok website and they say: The buying prices yesterday closed at 18,571.00 baht per baht-weight for gold ornaments and 18,850 baht per baht-weight for gold bar. The selling prices closed at 19,350 baht per baht-weight for gold ornaments, and 18,950 baht per baht-weight for gold bar. So, my question is: Is the gold shop ripping me off if the selling price is 19,350? Or is this their common (normal) markup? I'm not a pro by any means and just trying to find a good shop. I only went to one. This was in Phuket (I know, highest prices in Thailand) So, can someone tell me what the prices in the gold shops are for buying by us? Thanks in advance. Link to comment Share on other sites More sharing options...
jbrain Posted April 18, 2013 Share Posted April 18, 2013 Went to a gold shop today to find out the price as I'm thinking of buying some gold jewelry for investment and it will please the wife. (Thai style investing, aye?) So, they quoted me 20,000 baht per baht. I asked what yesterday's price was and they said 20,400 (I knew it had dropped further from the big drop 2 days ago) I asked what it was 2 days ago and they said 22,150. So, I see it is in line with the drop of 10-12% worldwide. Then I look in a Bangkok website and they say: The buying prices yesterday closed at 18,571.00 baht per baht-weight for gold ornaments and 18,850 baht per baht-weight for gold bar. The selling prices closed at 19,350 baht per baht-weight for gold ornaments, and 18,950 baht per baht-weight for gold bar. So, my question is: Is the gold shop ripping me off if the selling price is 19,350? Or is this their common (normal) markup? I'm not a pro by any means and just trying to find a good shop. I only went to one. This was in Phuket (I know, highest prices in Thailand) So, can someone tell me what the prices in the gold shops are for buying by us? Thanks in advance. http://www.kasikornbank.com/EN/RatesAndFees/Gold/Pages/Gold.aspx Link to comment Share on other sites More sharing options...
Naam Posted April 18, 2013 Share Posted April 18, 2013 we need more gold threads! Link to comment Share on other sites More sharing options...
poanoi Posted April 18, 2013 Share Posted April 18, 2013 Wait for the PIGS to sell their gold first Link to comment Share on other sites More sharing options...
eeeya Posted April 18, 2013 Share Posted April 18, 2013 Would you try to catch a falling knife? You might get lucky..but then again Better to wait till it shows some kind of bottom 1 Link to comment Share on other sites More sharing options...
fiddlehead Posted April 18, 2013 Share Posted April 18, 2013 Wait for the PIGS to sell their gold first Selling? Who's selling? The shop (normally bursting with gold jewelry was about 20% full as they had sold most everything they had the last 2 days. My wife told me there was a line to get in last night. They weren't selling. Link to comment Share on other sites More sharing options...
Naam Posted April 18, 2013 Share Posted April 18, 2013 Wait for the PIGS to sell their gold first Selling? Who's selling? The shop (normally bursting with gold jewelry was about 20% full as they had sold most everything they had the last 2 days. My wife told me there was a line to get in last night. They weren't selling. they weren't selling in Nakhon Nowhere? Link to comment Share on other sites More sharing options...
manarak Posted April 18, 2013 Share Posted April 18, 2013 (edited) What I hear from the general public is that people are BUYING more gold. So I expect the price of gold to raise briefly before falling again below the lowest level it reached some days ago. This expectation is simply based on the fact that the ignorants are buying. Edited April 18, 2013 by manarak 1 Link to comment Share on other sites More sharing options...
poanoi Posted April 18, 2013 Share Posted April 18, 2013 PIGS=loser countries in southern europe Link to comment Share on other sites More sharing options...
FunFon Posted April 18, 2013 Share Posted April 18, 2013 The price of gold in Thailand is influenced by the exchange rate and the international gold price. Local demand doesn't affect the price one whit, unless you're letting yourself get taken for a ride. Use a well-known trust dealer on Yaowarat, for example Hua Seng Heng and you can't really go wrong. Link to comment Share on other sites More sharing options...
yoshiwara Posted April 18, 2013 Share Posted April 18, 2013 What I hear from the general public is that people are BUYING more gold.Which bar would that be? 1 Link to comment Share on other sites More sharing options...
changnaam Posted April 18, 2013 Share Posted April 18, 2013 Small buyers are buying, 1 or a few baht to add to the collection. Those with serious investment I would imagine increased the supply by selling at mid 20k for 1 baht and then bought usd (investments / property) at less than 30 baht to the dollar. The large buyers would have bought in around 20,000 baht for a "baht" when usd was much stronger, making a killing on both asset and currency. Happy days for those at the top, while the masses think they are now getting a bargain buying a baht of gold well under 20,000 baht. 1 Link to comment Share on other sites More sharing options...
yoshiwara Posted April 19, 2013 Share Posted April 19, 2013 we need more gold threads! Like that shirt made of gold, yours for only $250,000 1 Link to comment Share on other sites More sharing options...
MichaelJohn Posted April 19, 2013 Share Posted April 19, 2013 Just look at historical prices - gold is still 2 to 3 times its average historic price. http://www.moneyweek.com/news-and-charts/market-data/gold Link to comment Share on other sites More sharing options...
Naam Posted April 19, 2013 Share Posted April 19, 2013 Just look at historical prices - gold is still 2 to 3 times its average historic price. http://www.moneyweek.com/news-and-charts/market-data/gold what, pray tell, is gold's average historic price? Link to comment Share on other sites More sharing options...
topt Posted April 19, 2013 Share Posted April 19, 2013 PIGS=loser countries in southern Europe How come it is always raining in Ireland then..... Link to comment Share on other sites More sharing options...
4NDR345 Posted April 19, 2013 Share Posted April 19, 2013 I did not sell when it began to plunge, I feel hesitant to do it now as well. Hopefully the value will go up in the future. If the fed keep printing, eventually the dollar must lose its value. Link to comment Share on other sites More sharing options...
eeeya Posted April 19, 2013 Share Posted April 19, 2013 Stocks trending up.. gold trending down Tough choice? Sent from my HTC One X using Thaivisa Connect Thailand mobile app Link to comment Share on other sites More sharing options...
AnotherOneAmerican Posted April 19, 2013 Share Posted April 19, 2013 (edited) Just look at historical prices - gold is still 2 to 3 times its average historic price. http://www.moneyweek.com/news-and-charts/market-data/gold what, pray tell, is gold's average historic price? $1 an ounce of less. For all of history. $700 an ounce for history of the last 12 years. Edited April 19, 2013 by AnotherOneAmerican Link to comment Share on other sites More sharing options...
Naam Posted April 19, 2013 Share Posted April 19, 2013 Just look at historical prices - gold is still 2 to 3 times its average historic price. http://www.moneyweek.com/news-and-charts/market-data/gold what, pray tell, is gold's average historic price? $1 an ounce of less. For all of history. $700 an ounce for history of the last 12 years. you call 12 years "historic"? Link to comment Share on other sites More sharing options...
manarak Posted April 19, 2013 Share Posted April 19, 2013 PIGS=loser countries in southern europeadd Ireland to get PIIGS. I'd also add France... need a new acronym. PIFIGS ? FIPIGS ? FPIIGS ? your choice. What I hear from the general public is that people are BUYING more gold.Which bar would that be? Any... most Thai people at the moment say "gold very cheap now" and "it walways goes up"... pointing out the incoherence is no use. But: I have come to learn that when everyone from your hairdresser to the taxi driver talks about an investment being good - then it's time to get out. 1 Link to comment Share on other sites More sharing options...
yoshiwara Posted April 19, 2013 Share Posted April 19, 2013 PIGS=loser countries in southern europeadd Ireland to get PIIGS. I'd also add France... need a new acronym. PIFIGS ? FIPIGS ? FPIIGS ? your choice. What I hear from the general public is that people are BUYING more gold.Which bar would that be? Any... most Thai people at the moment say "gold very cheap now" and "it walways goes up"... pointing out the incoherence is no use. But: I have come to learn that when everyone from your hairdresser to the taxi driver talks about an investment being good - then it's time to get out. eg the massive queues outside Apple stores had people piling into Apple shares all the way up to $700. it was going to $1000 for sure. 1 Link to comment Share on other sites More sharing options...
midas Posted April 20, 2013 Share Posted April 20, 2013 (edited) PIGS=loser countries in southern europeadd Ireland to get PIIGS. I'd also add France... need a new acronym. PIFIGS ? FIPIGS ? FPIIGS ? your choice. What I hear from the general public is that people are BUYING more gold.Which bar would that be? Any... most Thai people at the moment say "gold very cheap now" and "it walways goes up"... pointing out the incoherence is no use. But: I have come to learn that when everyone from your hairdresser to the taxi driver talks about an investment being good - then it's time to get out. Chinese Gold & Silver Exchange Society has essentially sold out of gold bullion, and must wait until Wednesday for shipments to arrive from Switzerland and London. http://libertyblitzkrieg.com/2013/04/19/chinese-gold-silver-exchange-society-runs-out-of-gold-importing-from-switzerland-and-london/ Edited April 20, 2013 by midas Link to comment Share on other sites More sharing options...
Naam Posted April 20, 2013 Share Posted April 20, 2013 Chinese Gold & Silver Exchange Society has essentially sold out ofgold bullion, and must wait until Wednesday for shipments to arrive fromSwitzerland and London. surely a big consolation for those who lost ~25% during the last 1½ years. Link to comment Share on other sites More sharing options...
Popular Post Naam Posted April 20, 2013 Popular Post Share Posted April 20, 2013 eg the massive queues outside Apple stores had people piling into Appleshares all the way up to $700. it was going to $1000 for sure. Apple will soon launch a new product, the iLOST™ which is aimed at those who bought AAPL shares at $700. 3 Link to comment Share on other sites More sharing options...
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