rooster59 Posted April 9, 2016 Share Posted April 9, 2016 Gold shops beware as foreigner and Thai girlfriend pass off copper as gold PATTAYA:-- A Pattaya gold shop owner was swindled out of 40,000 baht this week when a foreigner with a Thai girl sold him copper instead of gold.It was the first time ever that anyone had got the better of Kitti Prasongsuthiporn, owner of the Duan Pen shop in Soi Bua Khao but he hopes that CCTV footage will help track down the thieves.The couple strolled into the shop last Sunday with the 31 gram ingot and after an initial assessment of its value left the shop. They returned 30 minutes later when a heat treatment process was carried out on the gold, with an Australian branding, to the satisfaction of all concerned.Some 40,200 was handed over and the couple went on their way. It was only two days later when Kitti took all his gold to another shop that it was discovered with more precise testing to be copper with a thick layer of real gold covering.Kitti said yesterday it was the first time in his career that this had happened to him. He was surprised that it was a foreigner who had done it and warned other gold shops in the area to be on the lookout.He reported the matter to Pattaya police who have the help of a clear image of the couple from CCTV in the shop to help with their enquiries. -- 2016-04-09 Link to comment Share on other sites More sharing options...
Thian Posted April 9, 2016 Share Posted April 9, 2016 Loads of tourists have been cheated by the Thai gold/jewelry shops. It has been on national tv filmed with hidden camera's. It was also showed to the Thai police and they did totally nothing, suddenly the officer run away while questioned. So i guess it's payback time now. Link to comment Share on other sites More sharing options...
AhFarangJa Posted April 9, 2016 Share Posted April 9, 2016 Makes a change to hear some good news......as Thian said, payback time.... Link to comment Share on other sites More sharing options...
ChrisY1 Posted April 9, 2016 Share Posted April 9, 2016 Clever gold shop owner......payback for the fraud these shops have been known to commit with farang and Thai alike! Link to comment Share on other sites More sharing options...
somchaismith Posted April 9, 2016 Share Posted April 9, 2016 Gold is twice the weight of copper. Just saying, like. Link to comment Share on other sites More sharing options...
NickJ Posted April 9, 2016 Share Posted April 9, 2016 So the Goldsmith payed 1297b per gram. Was that a fair price had it been real? Link to comment Share on other sites More sharing options...
samsensam Posted April 9, 2016 Share Posted April 9, 2016 clearly a crime and criminals should be punished. however, if you're going to open a gold shop make sure you have basic knowledge of the product your dealing with. Link to comment Share on other sites More sharing options...
haybilly Posted April 9, 2016 Share Posted April 9, 2016 I'd say that's close to the normal price for gold, a little below at current rate, but that should make it around 19,500 per baht, so he probably thought he was getting a good deal. Sent from my SM-N910C using Tapatalk Link to comment Share on other sites More sharing options...
NickJ Posted April 9, 2016 Share Posted April 9, 2016 Years and years ago I bought 10 10b ingots in Bangkok s Chinatowne at a Goldsmith my friend used. Never paid attension to them so was curious what they would be worth now....I see the prices at gold shops but they can be a bit confusing....The third price thats on the sign is what they will pay for ingot gold??? Link to comment Share on other sites More sharing options...
Asiantravel Posted April 9, 2016 Share Posted April 9, 2016 at this stage how can Kitti Prasongsuthiporn be sure the foreigner himself was unaware that he was carrying around the counterfeit bar of gold ? Link to comment Share on other sites More sharing options...
Time Traveller Posted April 9, 2016 Share Posted April 9, 2016 That's a pretty elaborate hoax for 1000 dollars. I would assume the seller had no idea it was copper coated in gold Link to comment Share on other sites More sharing options...
Scouse Twoccer Posted April 9, 2016 Share Posted April 9, 2016 (edited) Loads of tourists have been cheated by the Thai gold/jewelry shops. It has been on national tv filmed with hidden camera's. It was also showed to the Thai police and they did totally nothing, suddenly the officer run away while questioned. So i guess it's payback time now. As the majority of their customers are locals I very much doubt your claim that Thai gold shops cheat tourists, unless you have a link? Edited April 9, 2016 by Scouse Twoccer Link to comment Share on other sites More sharing options...
Scouse Twoccer Posted April 9, 2016 Share Posted April 9, 2016 Clever gold shop owner......payback for the fraud these shops have been known to commit with farang and Thai alike! What fraud have "these [gold] shops" been committing? Link to comment Share on other sites More sharing options...
Thian Posted April 9, 2016 Share Posted April 9, 2016 Loads of tourists have been cheated by the Thai gold/jewelry shops. It has been on national tv filmed with hidden camera's. It was also showed to the Thai police and they did totally nothing, suddenly the officer run away while questioned. So i guess it's payback time now. As the majority of their customers are locals I very much doubt your claim that Thai gold shops cheat tourists, unless you have a link? I have a full documentary from an hour long about it, all filmed with hidden camera...but for you i won't post it. Link to comment Share on other sites More sharing options...
Scouse Twoccer Posted April 9, 2016 Share Posted April 9, 2016 clearly a crime and criminals should be punished. however, if you're going to open a gold shop make sure you have basic knowledge of the product your dealing with. Or, make sure that the equipment that you buy to conduct the tests wasn't made by a crumby western (Australian) company. Link to comment Share on other sites More sharing options...
balo Posted April 9, 2016 Share Posted April 9, 2016 Probaly the seller has been scammed himself , just goes around in circles. Link to comment Share on other sites More sharing options...
Scouse Twoccer Posted April 9, 2016 Share Posted April 9, 2016 Loads of tourists have been cheated by the Thai gold/jewelry shops. It has been on national tv filmed with hidden camera's. It was also showed to the Thai police and they did totally nothing, suddenly the officer run away while questioned. So i guess it's payback time now. As the majority of their customers are locals I very much doubt your claim that Thai gold shops cheat tourists, unless you have a link? I have a full documentary from an hour long about it, all filmed with hidden camera...but for you i won't post it. Pretty sure that you haven't got a documentary about fraudulent Thai gold shops but you know how to prove me wrong. As things stand right now I think you are wrong and posting it won't be for me, it will be for your own credibility, such as it is. Link to comment Share on other sites More sharing options...
KMartinHandyman Posted April 9, 2016 Share Posted April 9, 2016 That's a pretty elaborate hoax for 1000 dollars. I would assume the seller had no idea it was copper coated in goldLikely the Thai woman was clueless and the foreign man put her up to making the sale. He may or may not have known it was fake. It looks like the gold is from another country by the English wording and what appears to be Roman numerals. A fake he brought to pawn off in Thailand or what he thought was a hard asset to finance his stay. If it fooled the shop keeper so he may have bought it in good faith as well. Link to comment Share on other sites More sharing options...
Cuchulainn Posted April 9, 2016 Share Posted April 9, 2016 3 words in both cases 1. If he was an honest gold dealer............I feel sorry. 2. If he was a rogue........som nam naa. Link to comment Share on other sites More sharing options...
wherma22 Posted April 9, 2016 Share Posted April 9, 2016 What goes around comes around... Link to comment Share on other sites More sharing options...
prestburypark Posted April 9, 2016 Share Posted April 9, 2016 The shop would have asked for id, the Thai lady's especially. Link to comment Share on other sites More sharing options...
aussiandrew Posted April 9, 2016 Share Posted April 9, 2016 These shoppers would/should always demand full ID. Looks like somebody has gone to a lot of trouble to start with. Buyer Beware. Link to comment Share on other sites More sharing options...
bazza40 Posted April 9, 2016 Share Posted April 9, 2016 Years and years ago I bought 10 10b ingots in Bangkok s Chinatowne at a Goldsmith my friend used. Never paid attension to them so was curious what they would be worth now....I see the prices at gold shops but they can be a bit confusing....The third price thats on the sign is what they will pay for ingot gold??? The two highest prices are the sell/buy prices for ingots. The third price, usually much lower, is the price for gold jewellery that would be melted back down to gold ingots. If you still have them, you're sitting on 2 miilion baht approx. Link to comment Share on other sites More sharing options...
LivinLOS Posted April 9, 2016 Share Posted April 9, 2016 I am in the gold business.. Theres chinese companies now openly selling tungsten coated bars and coins.. As fr Mr gold shop owner.. He entered into a free trade, he should have been sure of what he was purchasing.. Costs of doing business. Link to comment Share on other sites More sharing options...
Mansell Posted April 9, 2016 Share Posted April 9, 2016 Copper is not magnetic, nor is gold. Link to comment Share on other sites More sharing options...
gandalf12 Posted April 9, 2016 Share Posted April 9, 2016 So the Goldsmith payed 1297b per gram. Was that a fair price had it been real? Looks slightly low. There are 15.2 grams to 1 Baht Link to comment Share on other sites More sharing options...
Rimmer Posted April 9, 2016 Share Posted April 9, 2016 Troll post in giant fonts removed Link to comment Share on other sites More sharing options...
Rimbuman Posted April 9, 2016 Share Posted April 9, 2016 I am in the gold business.. Theres chinese companies now openly selling tungsten coated bars and coins.. As fr Mr gold shop owner.. He entered into a free trade, he should have been sure of what he was purchasing.. Costs of doing business. Do you know where I can get the best price for nugget gold? Link to comment Share on other sites More sharing options...
Reigntax Posted April 9, 2016 Share Posted April 9, 2016 I am in the gold business.. Theres chinese companies now openly selling tungsten coated bars and coins.. As fr Mr gold shop owner.. He entered into a free trade, he should have been sure of what he was purchasing.. Costs of doing business. There is something not right with this story as any experience gold trader would automatically notice that the weight and volume did not match that of gold as copper has approx half the specific mass. Tungsten or uranium would be good substitutes as both have similar specific masses however I suspect uranium would be more expensive than gold and over time, you may get more shine than you expected. Link to comment Share on other sites More sharing options...
luckyman Posted April 9, 2016 Share Posted April 9, 2016 Years and years ago I bought 10 10b ingots in Bangkok s Chinatowne at a Goldsmith my friend used. Never paid attension to them so was curious what they would be worth now....I see the prices at gold shops but they can be a bit confusing....The third price thats on the sign is what they will pay for ingot gold??? enter any shop and you will find out soon enough, hey ?? Link to comment Share on other sites More sharing options...
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