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Posted

If I bought some thai gold in Thailand eg bracelet necklace etc and then sold it in Australia to a jewelers would I actually make money?

I know it's very simple but just wanted to know

Posted

I expect if a foreign jeweler wanted to get into the business of selling Thai gold (i.e., 23K gold vs 14K or 10K gold usually sold in western countries) he would import/buy it wholesale. I would be surprised if he would even pay you what you paid for it.

Posted

If you're looking to arbitrage prices - no.

I know quite a few people who are/ have been involved in the jewellery business here that have done well exporting. Their value add is taking the materials and manufacturing/ producing/ processing though. It's not simply a buy and sell for them for export.

Cheers

Fletch smile.png

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