Gold

[Jaybonnaza]

Me and the wife had lent a small amount of money to her sister to Finnish her home build .

We recieved it back 2 days ago so I suggested buying gold.

We went to the gold shop in big c as everywhere was closed or buying but not selling.

And bought 10 baht in bullion and 5 baht in chains/bracelet (horrible things to be fair).

We paid extra for the chain and bracelet as the lady said buy a different type gold that retains its value ? Has anybody heard of this before ?

Further more gold baht bullion was 19500 baht and gold baht chain was 20500 a baht

Is there any reason why the chain was more expensive price per baht per gold?

Also was this a wise move ? It was a snap decision and my aim was to sell immediately on 25k a baht

Thanks

[breadbin]

I think that's they add a little on to gold jewellery for design etc.

Never heard anyone say buy different Thai gold?

[Digitalbanana]

>my aim was to sell immediately on 25k a baht

Presumably you mean sell immediately ONCE if ever gold reaches 25k baht?

[saakura]

Ornamental gold is always more expensive than a bar of gold. This is due to the labour which goes into the workmanship. But the spread is not 1000baht but closer to aabout 500 or less.

[Potosi]

No idea if it was a wise move. Set also a target to sell it off if it goes the wrong way, maybe 17K/Baht. Could well be it takes another 30 years until gold rises again, like the last time.

[MrRed]

A different kind of Gold.....did it have bells on?

Joking aside saakura is correct.

[Jaybonnaza]

I expect it to go up gradually over the next year ?

[BuffaloRescue]

I expect it to keep up with inflation. Possibly do a lot better than that. 25% of a major fall imo

[cdnvic]

Plenty of gold discussion in the business section:

http://www.thaivisa.com/forum/forum/13-jobs-economy-banking-business-investments/