banjoman30004d Posted August 25, 2014 Share Posted August 25, 2014 I am planning on another holiday in LOS this winter and was trying to think of a way to bring spend money. I previously used ATM cards and Credit Cards. I hate getting dinged twice every time I use the ATM card and many places there do not take credit cards. I have a credit card with no foreign transaction fee, but the exchange rate is not great. I was thinking is it possible (or legal) to bring pure gold to sell at the gold shops there? I know it is a way of life as the locals frequently buy and sell the local Thai gold. It would not be much more than once or two. It could be in the form of gold bars or coin. Is this a viable way to bring money in the country? Thanks! Link to comment Share on other sites More sharing options...
Halfie Posted August 25, 2014 Share Posted August 25, 2014 I see many things wrong with your plan. I vote no. 1 Link to comment Share on other sites More sharing options...
Sandman77 Posted August 25, 2014 Share Posted August 25, 2014 So far I know is the import of gold in Thailand illegal! So you can chancel your project now! Only if you want sale gold chain that's allowed but not bars and coins Because the Thai gold is here more important and it's material itself clarity higher then the ,normal, gold Link to comment Share on other sites More sharing options...
TerryLH Posted August 25, 2014 Share Posted August 25, 2014 You can use your card to get money over the counter in a bank without paying ATM charges. Link to comment Share on other sites More sharing options...
wooloomooloo Posted August 25, 2014 Share Posted August 25, 2014 ... or just bring cash. 1 Link to comment Share on other sites More sharing options...
Thongkorn Posted August 25, 2014 Share Posted August 25, 2014 ... or just bring cash. Just make certain you have a safe place to keep it, and don't tell any one that you are carrying large amounts of cash. Usually Chinese money lenders give you a better rate than any banks or money changers, 1 Link to comment Share on other sites More sharing options...
Naam Posted August 26, 2014 Share Posted August 26, 2014 So far I know is the import of gold in Thailand illegal! So you can chancel your project now! Only if you want sale gold chain that's allowed but not bars and coins Because the Thai gold is here more important and it's material itself clarity higher then the ,normal, gold yes, clarity is very high Link to comment Share on other sites More sharing options...
RKASA Posted August 26, 2014 Share Posted August 26, 2014 You can cash travelers checks at Tbill rate - if they have not yet started scimming those too. I used them in the past was good as cash. Link to comment Share on other sites More sharing options...
bendejo Posted August 26, 2014 Share Posted August 26, 2014 I would recommend developing a thorough understanding of what sort of gold the Thai shops are interested in before considering this further. Link to comment Share on other sites More sharing options...
cmcom Posted August 26, 2014 Share Posted August 26, 2014 Yeah they dont like aussie or singapore gold here Link to comment Share on other sites More sharing options...
CMSteve Posted August 26, 2014 Share Posted August 26, 2014 Cash would be easier, safer and get a better exchange rate. I'm interested though, in why you would think gold to be a good idea? Link to comment Share on other sites More sharing options...
icare999 Posted August 26, 2014 Share Posted August 26, 2014 So far I know is the import of gold in Thailand illegal! So you can chancel your project now! Only if you want sale gold chain that's allowed but not bars and coins Because the Thai gold is here more important and it's material itself clarity higher then the ,normal, gold what makes you think bringing gold into thailand is illegal Theirs no tax on gold. You can also bring in silver but need to declare it and pay 7% tax but gold has no tax or duty here Ive brought gold into and out of Thialand many times and into other countries and even declared it but since theirs no tax no problem Link to comment Share on other sites More sharing options...
CMSteve Posted August 26, 2014 Share Posted August 26, 2014 You can import/export gold bullion, but an import or export license is required. In fact, they can confiscate it at customs until you can have a license made or get a licensed importer to get it. I doubt this will be an issue for small amounts, but I remember recently a South Korean national was trying to leave Thailand with a bunch of bullion without the correct doc's. don't remember the whole story. So far I know is the import of gold in Thailand illegal!So you can chancel your project now!Only if you want sale gold chain that's allowed but not bars and coinsBecause the Thai gold is here more important and it's material itself clarity higher then the ,normal, gold what makes you think bringing gold into thailand is illegal Theirs no tax on gold. You can also bring in silver but need to declare it and pay 7% tax but gold has no tax or duty here Ive brought gold into and out of Thialand many times and into other countries and even declared it but since theirs no tax no problem Link to comment Share on other sites More sharing options...
meand Posted August 26, 2014 Share Posted August 26, 2014 Cash is easier to carry than gold in any case. Cash there is always an answer too, just in case..... why do you have so much money? To buy things. Where did you get all this money? Working. 1 Link to comment Share on other sites More sharing options...
banjoman30004d Posted August 26, 2014 Author Share Posted August 26, 2014 OK, so your is is better to bring US to Thailand? Where would be the best place to exchange for THB? Link to comment Share on other sites More sharing options...
NCC1701A Posted August 27, 2014 Share Posted August 27, 2014 I thought I was going to bring a few US Gold eagles into Thailand and sell them but I was told Thais don't like eagles. I could bring five coins in each pocket and that would be about $12,830.00 USD. Link to comment Share on other sites More sharing options...
meand Posted August 27, 2014 Share Posted August 27, 2014 OK, so your is is better to bring US to Thailand? Where would be the best place to exchange for THB? superrich Link to comment Share on other sites More sharing options...
CMSteve Posted August 27, 2014 Share Posted August 27, 2014 Yes, always better to do any exchanged involving THB in Thailand. Bring $100 and $50's as larger bills get a better exchange rate. Make sure they are new/newer and clean bills. Many exchanges will not accept old or blemished bills. OK,o your is is better to bring US to Thailand? Where would be the best place to exchange for THB? Link to comment Share on other sites More sharing options...
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