waroros market gold and farang

[tomta20012]

hi im wondering if I buy gold baht coins will there be a different price for farang?? I paid 19200b a baht about a week ago

[somchaismith]

Good to see man who does his homework before he makes a purchase. You've been lucky as today's price is 19,100 baht per 1 baht of gold.

http://www.goldpricethai.com/

[Hedghog]

The gold price is clearly shown,in the majority of gold shops.

Buying and selling.

Bar and ornament.

[Mario2008]

Price of gold is always dispayed and is fixed.

Only or jewellery you pay more, you pay the fixed price per 1 baht gold, and in addition you also pay costs for the design etc. That last part of the price can differ and can be negotiated.

[tomta20012]

are these calculation right???

1 baht is 98.0344% of a troy ounce

30.488oz vs 31.1oz

1 baht is 96.4% pure

so US $1257 per troy ounce x 94.4344%

1257 x 0.944344 = US$1,237

1237 x 29 = 35,873b per 1baht gold bar

[donniereadit]

Make sure you check the quality of the gold if you know how to do this. I would fully expect some sort of short with any of the gold shops down there.

[arthurwait]

You won't see nothing but a loss for at least 5 years.

[Chippen Dong]

try the gold futures on the thai stock exchange companion.

[tomta20012]

You won't see nothing but a loss for at least 5 years.

yeah I totally agree, did u see the interview on financial sense m4 bank money supply growth is going no where, and the fed balance sheet is small potatoes compared to that.

but im no living in the US and the red shirts make me uneasy, so do the banks, so does the growth of these psycho governments, I really dont want all my money in a wad of paper...

[Chippen Dong]

You won't see nothing but a loss for at least 5 years.

yeah I totally agree, did u see the interview on financial sense m4 bank money supply growth is going no where, and the fed balance sheet is small potatoes compared to that.

but im no living in the US and the red shirts make me uneasy, so do the banks, so does the growth of these psycho governments, I really dont want all my money in a wad of paper...

bitcoin? it is back up near 1000USD with market cap. well over 10billion USD, and thats AFTER the chinese kicked it in the guts

[meechai]

You won't see nothing but a loss for at least 5 years.

Then you will be quite rich in 5 years

Because anyone that can make such a statement must be shorting gold no?