Thai baht set to weaken

[Naam]

34 minutes ago, GOLDBUGGY said:

If you were making 16% on a US Treasury, but the inflation rate for this period was 18%, then you are actually losing money. You money earned a Negative 2% for that year!

let me spell out for you that when US-Treasuries yielded 15% high yield/high risk debt which is my preferred investment niche yielded 25-30%. moreover i neither lived in the US during that period nor did i spend of the fancy yield because my living expenses were covered multiple times by my tax free earnings based on work in the desert, the bush and the swamps, id est the savings from more than three decades ago still exist in my portfolio nowadays earning a "miserable" 8-10% p.a. plus another "miserable" 8-15% p.a. by trading.

 

one for the road... assuming the negative yield you mentioned is correct let us look at the negative yield gold achieved in the 80s and then conclude we are looking at a double whammy (inflation plus value loss) of how much?  

 

disclaimer: i love gold... around my wife's neck, her wrists and her fingers.

[pentap]

Is the baht weakening or strengthening?

I've become very confused, with the constantly changing reports...


Sent from my iPad using Thaivisa Connect

[simoh1490]

3 minutes ago, pentap said:

Is the baht weakening or strengthening?

I've become very confused, with the constantly changing reports...


Sent from my iPad using Thaivisa Connect

It's strengthened against USD but weakened slightly against GBP.

[Tom9999]

On 08/03/2017 at 1:06 PM, dageurreotype said:

Yes you are. New taxes have taken immediate effect. Chateaux Naff Du Crap now 994 up from 840 at Macro today.

No surprise here.

It gets more and more expensive here every year.

I travel quite a bit and, as we all know and experience all the time, LOS is getting expensive, compared with other Countries.

Soon to be too expensive for many to live a comfortable life. 

Sure, there are still things that are cheap, others are competitive priced on a world standard, but there are more and more items that are far above of what I would have to spend in Europe.

Specially if I want some products that are not "Made in Thailand".

I fell the Supermarkets do not have enough competition, so no "Value" Brand Products at Tesco Lotus etc.

[simoh1490]

19 minutes ago, Tom9999 said:

No surprise here.

It gets more and more expensive here every year.

I travel quite a bit and, as we all know and experience all the time, LOS is getting expensive, compared with other Countries.

Soon to be too expensive for many to live a comfortable life. 

Sure, there are still things that are cheap, others are competitive priced on a world standard, but there are more and more items that are far above of what I would have to spend in Europe.

Specially if I want some products that are not "Made in Thailand".

I fell the Supermarkets do not have enough competition, so no "Value" Brand Products at Tesco Lotus etc.

Château Neuf du Crap is circa 990 baht per box, one box = 5 litres - at 43 baht per Pound that's 4.40 Pounds per litre, still cheaper than the UK I believe but of course the quality is far from.

[Naam]

3 hours ago, pentap said:

Is the baht weakening or strengthening?
I've become very confused, with the constantly changing reports...
 

best is to ignore all currency reports and forecasts, consider them "Merde du Bull" and relax with a glass of  Château Neuf du Crap

[Naam]

3 hours ago, Tom9999 said:

Sure, there are still things that are cheap, others are competitive priced on a world standard, but there are more and more items that are far above of what I would have to spend in Europe.

it's the bottom line that counts. that result depends on individual circumstances, demands and last not least how deep the pockets are.

[teddog]

49 minutes ago, Naam said:

best is to ignore all currency reports and forecasts, consider them "Merde du Bull" and relax with a glass of  Château Neuf du Crap

Do not mind the Chateau whatever stuff,its the crap I cannot stand

[jadee]

5 hours ago, Naam said:

let me spell out for you that when US-Treasuries yielded 15% high yield/high risk debt which is my preferred investment niche yielded 25-30%. moreover i neither lived in the US during that period nor did i spend of the fancy yield because my living expenses were covered multiple times by my tax free earnings based on work in the desert, the bush and the swamps, id est the savings from more than three decades ago still exist in my portfolio nowadays earning a "miserable" 8-10% p.a. plus another "miserable" 8-15% p.a. by trading.

 

one for the road... assuming the negative yield you mentioned is correct let us look at the negative yield gold achieved in the 80s and then conclude we are looking at a double whammy (inflation plus value loss) of how much?  

 

disclaimer: i love gold... around my wife's neck, her wrists and her fingers.

'The desert, the bush and the swamps' - out of interest, what was your work? Sounds fascinating. 

[GOLDBUGGY]

8 hours ago, Naam said:

let me spell out for you that when US-Treasuries yielded 15% high yield/high risk debt which is my preferred investment niche yielded 25-30%. moreover i neither lived in the US during that period nor did i spend of the fancy yield because my living expenses were covered multiple times by my tax free earnings based on work in the desert, the bush and the swamps, id est the savings from more than three decades ago still exist in my portfolio nowadays earning a "miserable" 8-10% p.a. plus another "miserable" 8-15% p.a. by trading.

 

one for the road... assuming the negative yield you mentioned is correct let us look at the negative yield gold achieved in the 80s and then conclude we are looking at a double whammy (inflation plus value loss) of how much?  

 

disclaimer: i love gold... around my wife's neck, her wrists and her fingers.

Now let me spell it out for you,

 

Your post and Gold Chart is deceitful. Why start to show Gold at an all time high and how it dropped afterward? When the Hyperinflation Period was already over? I could show you a chart of Microsoft at there all time high, and how it dropped after that. Then make a case this this is a terrible stock to own. When in fact over all these years it was a great one and made many people a lot of money. There are good and bad periods to make any investment but I am sure most of the people know not to buy when a Stock is overpriced and high. This applies to Gold as well.

 

So lets find a new date to start your Gold Chart an call it 1972, when Gold was selling for $64. Or even in 1975, when Gold traded at $139. So if you bought Gold in 1975 at $139, and sold it in 1980 for $839, that is a 600% increase and a pretty good return on your Investment. Better than your US Treasury Bills at a mere 16%. In fact it is 4 times better then your US Treasury Bills.

 

I  am not a big supporter of Gold for a long term investment, but you also can't ignore the fact the Gold has its place in the investment market. Gold has been used for money a lot loger than the uS Dollar has, and I expect it will continue to be this way. But if you refuse to accept this, and only see Gold a a piece of expensive jewelry around your wifes neck, then up-to-you.

[Naam]

4 hours ago, jadee said:

'The desert, the bush and the swamps' - out of interest, what was your work? Sounds fascinating. 

project manager industrial complexes (desalination plant, cement factory, power plant).

[Naam]

1 hour ago, GOLDBUGGY said:

I  am not a big supporter of Gold for a long term investment, but you also can't ignore the fact the Gold has its place in the investment market.

i agree but it has no real place in my investment planning. of course we own some physical gold besides my Old Lady's jewelry.

[wakeupplease]

On 08/03/2017 at 9:03 AM, aslimversgwm said:

Absolutely!  I do hope there's a last minute realization by the twittish Brexiteers what an unmitigated disaster we're heading in to thanks to that idiotic, lie-filled Brexit campaign. We shall see but I'm not holding my breath! 

The majority of Brits want brexit, but you, because of the pound drop want non brexit because you need the pension. hey did you not leave here for a better so called life in the sun, that alone says up you Britain. Me myself and I attitude, But not here mate This is the UK where law is enforced and we have a right to vote, say what we think and do as our hearts tell us. You made you bed so lie in it. Sorry I do not want to be rude but you are not with us anymore paying taxes like even the retired have to as the country needs those taxes to function and enforce laws that we have to have to protect us in all ways. Enjoy your life in the sun but your comments are no longer required as you deserted your home country and fellow Brits.

[optad]

2 hours ago, wakeupplease said:

The majority of Brits want brexit, but you, because of the pound drop want non brexit because you need the pension. hey did you not leave here for a better so called life in the sun, that alone says up you Britain. Me myself and I attitude, But not here mate This is the UK where law is enforced and we have a right to vote, say what we think and do as our hearts tell us. You made you bed so lie in it. Sorry I do not want to be rude but you are not with us anymore paying taxes like even the retired have to as the country needs those taxes to function and enforce laws that we have to have to protect us in all ways. Enjoy your life in the sun but your comments are no longer required as you deserted your home country and fellow Brits.

 

THat kind of tough love is prejudiciously hindsighted. THe problem with younger generations is their very 'me' syndrome. They do not know of times when things were more socialised, communal and indeed empathetic. 

 

I understand there was too much fat particularly in the pension concept to perpetuate, particularly the British pension system but it is not really the fault of those participating nor should be comparable to those who are self funded, despite the changing times. Not quite but almost de rigeur, pensions were accepted as the state route, albeit sanctioned retirement and not something to be ashamed of.

 

This is a gen 'x + y' and millennial value and expressed more often as they get shitty and belch/

[teddog]

7 hours ago, wakeupplease said:

 You made you bed so lie in it. Sorry I do not want to be rude but you are not with us anymore paying taxes like even the retired have to as the country needs those taxes to function and enforce laws that we have to have to protect us in all ways. Enjoy your life in the sun but your comments are no longer required as you deserted your home country and fellow Brits.

Would not particulary say you are 'rude'  but you sure are thick. I pay income tax at a rate that would make you weep,yes paying it to 'enforce the laws' and to'protect you in all ways'  

  No taxation without representation,or does that offend you too?   Not much to 'desert' really;fellow Brits?  yeah right  lol

[billd766]

7 hours ago, wakeupplease said:

The majority of Brits want brexit, but you, because of the pound drop want non brexit because you need the pension. hey did you not leave here for a better so called life in the sun, that alone says up you Britain. Me myself and I attitude, But not here mate This is the UK where law is enforced and we have a right to vote, say what we think and do as our hearts tell us. You made you bed so lie in it. Sorry I do not want to be rude but you are not with us anymore paying taxes like even the retired have to as the country needs those taxes to function and enforce laws that we have to have to protect us in all ways. Enjoy your life in the sun but your comments are no longer required as you deserted your home country and fellow Brits.

 

I started paying income tax in 1959 as a young boy having let school. I will be 72 next month and I let the UK permanently in 2004. I did NOT desert the UK but left to continue working offshore.

 

I am STILL paying income tax on my pensions but my state pension is paid at the rate I got it in 2009.

 

If the UK would stop taxing me I would be quite happy not to get the state pension rises.

 

I think that you need to read up on who pays income tax and at what rates before you comment.

 

I have 3 pensions, NONE of which are benefits and I worked for ALL of them for a total of 50 years.

 

I also voted for Brexit as I am entitled by the UK laws to do as yes I did understand that the exchange rate would drop for a while. So I have the same rights as you do and I chose what to do with MY life and it was not to be dictated to by a nanny state and the EU.

[aslimversgwm]

11 hours ago, wakeupplease said:

The majority of Brits want brexit, but you, because of the pound drop want non brexit because you need the pension. hey did you not leave here for a better so called life in the sun, that alone says up you Britain. Me myself and I attitude, But not here mate This is the UK where law is enforced and we have a right to vote, say what we think and do as our hearts tell us. You made you bed so lie in it. Sorry I do not want to be rude but you are not with us anymore paying taxes like even the retired have to as the country needs those taxes to function and enforce laws that we have to have to protect us in all ways. Enjoy your life in the sun but your comments are no longer required as you deserted your home country and fellow Brits.

wrong on several counts.

1. Like most retired expats we do pay normal UK taxes on our pensions.  It's deducted at source at the appropriate rate.

2. Again like most retired expats we have families still living and working in the UK. I have 2 sisters and 2 adult children who think Brexit stinks.

3. You seem to fail to realise that the UK imports over 50% of its food and an even larger % of its white goods and electrical goods which will now cost you and everyone else living in the UK 20% more as these are paid for in foreign currencies like the $ ¥ or €.

So this is not a purely selfish outlook by any means.

But please do come back  to  me an tell me your grocery bill has gone down since Brexit. I mean in 2 years time in particular! 

[joeyg]

On 3/8/2017 at 10:20 AM, jaltsc said:

“The Thai baht today is traded at Bt35.13 per US dollar, gaining nearly 2 per cent since the beginning of this year. “

 

Wow!!! Fantastic!!! If this trend continues, I will be able to afford the farang rate at the national parks......Oh Wait...I can just go to any local soi and look at dumped garbage for free.  

 

And free buffet too... :)

 

[joeyg]

On 3/8/2017 at 11:06 AM, maewang99 said:

I press one button and the new Microsoft OD posts my thing three times. 

what's and OD?

[joeyg]

On 3/8/2017 at 0:32 PM, Just1Voice said:

I'll be happy when it hits 40 to the dollar. 

 

I remember it at 57.  Man that was party time!!!

[joeyg]

On 3/8/2017 at 2:26 PM, spidermike007 said:

 

Taking into account how relatively poorly the economy is doing, the rising unemployment numbers (despite the protestations from official channels), the decline in quality tourism (most zero baht Chinese tourists do not count, as they contribute so little to the local economy), and capital outflows, one would have expected it to fall to 38-40 to the dollar by now. Something is propping it up. 

Yes, keystrokes...

[joeyg]

On 3/8/2017 at 3:53 PM, Jeremy50 said:

If it does, it will weaken by a paltry couple of baht at best, all those stuffed uniforms want it strong. Not dump 20% of it's value like the pound did overnight after the BREXIT disaster, instantly making life rather tough for millions of  UK expat pensioners worldwide. Who's going to atone for that? No one as usual.

Everything is Karma.

[joeyg]

On 3/8/2017 at 4:25 PM, daveAustin said:

Pipe-down remoaner, it's done and dusted. I would sooner have the baht at 20 than be beholden to the eurocratic shambles that is the EU.

I can change some money for you right away!!!

[joeyg]

On 3/8/2017 at 5:06 PM, natway09 said:

Actually Spidermike when was the last time you looked at exports from Thailand ?

Have a look around Rayong & you will see huge manufacturing bases, most of it for export.

There are literally millions of Burmese , Cambodians & some Laos people working in this country who help

make Thailand  a great exporting  country.

Don't hold your breath waiting for any meaningful depreciation in the Baht.

The big countries have their problems as well 

I don't understand...

[overherebc]

On 10/03/2017 at 10:14 PM, ratcatcher said:

Ah, March 15th,  the Ides of March. Many people know what happened in 44 BC to one Julius Caesar on that date. Has history the ability to repeat?

Seems we now have a new date to wait for.

[BigKahuna]

True buddhists don't care about money.

[Ricardo]

On 23/04/2017 at 2:47 AM, wakeupplease said:

The majority of Brits want brexit, but you, because of the pound drop want non brexit because you need the pension. hey did you not leave here for a better so called life in the sun, that alone says up you Britain. Me myself and I attitude, But not here mate This is the UK where law is enforced and we have a right to vote, say what we think and do as our hearts tell us. You made you bed so lie in it. Sorry I do not want to be rude but you are not with us anymore paying taxes like even the retired have to as the country needs those taxes to function and enforce laws that we have to have to protect us in all ways. Enjoy your life in the sun but your comments are no longer required as you deserted your home country and fellow Brits.

 

This is perhaps drifting a tad off-topic but  ...

 

" you are not with us anymore paying taxes like even the retired have to as the country needs those taxes to function"

 

Then my pension-policy issuers must have been wrong, to initially deduct basic income-tax at 25%, when I cashed-in in-full from-Thailand  a minor policy last year ?  Luckily HMRC knew better, and returned my money eventually, once the year-end had passed & they could see that I hadn't any other UK-income-arising, so my total-income for-the-year was still below the personal-allowance ?

 

I trust you'll eventually acknowledge that, as others have already posted, you're simply mistaken and non-residents ARE still liable to income-tax, on income-arising-in-the-UK ?  It's a common error, to believe that they're not, so let's set the record straight, eh !

 

Oh, and I pay VAT on purchases while back there, & significant Airport-Departure-Tax every time I return home to Thailand, on my 3-4 trips back to the UK to care (at no cost to the system) for my elderly-mother every year. Also excise-duty if I sneak off to the pub, for a quiet pint of cloudy-cider with my brother-in-law, and tax on the petrol I put in my rented-while-there car.

 

So do I now suddenly become 'one of us' again, because I do pay taxes in the UK, despite being resident-in-Thailand ?  

 

 

And as to needing the taxes to function, isn't it a pity when the experimental-rats in the socialist-experiment vote with their feet, and take their selves & their hard-earned money elsewhere as they leave the country, having given-up waiting for the experiment to finally start to work better ?  Well ' Squeak,Squeak' to that !

 

 

"you deserted your home country and fellow Brits"

 

Many Brits living overseas retired to join their kids, living in places like Canada or Australia, why would you wish to stigmatise that perfectly-reasonable impulse as deserting one's home country ?  And there are plenty of fellow Brits, I encounter them all the time,  living here in Thailand too !

 

It used to be, that a free man/Brit could aspire to live wherever he wished, now you appear to want to remove or at-least question that freedom ? 

 

Some might say that the Empire (going back a century or two), and the accumulated-wealth upon which the country still partly depends, was built by those of us who went to work & live overseas.  Were we wrong to do so, should we be castigated for working for exporting-companies which created thousands/millions of jobs back home, of course not !

 

 

The basis for unfreezing peoples' government-pensions (whether they need them or not)  is simple, natural justice requires that people who paid-into the system, should expect to be able to draw-out from it on an equal basis, regardless of where they happen to choose to live.

 

 

And we also still deserve representation too, but that's another area in while our native country often fails-to-deliver, why does the UK so-often lag behind the leaders, when it comes to democratic-reform ?   

 

Perhaps we should all move back, bringing our debts & families with us, and bludge off-the-system once again ?  Demand our NHS-treatment & bus-passes & meals-on-wheels & all the rest of it ?  Which is perhaps why we're often denied the natural-right to bring our wives/families back to the Old Country !  Not to mention our free-thinking free-speaking obstreporous selves !

 

Oh, one last thing, I myself did also vote for Brexit, never dreamed it might pass, but what a wonderful two-fingers to the entitled-politicians & the Establishment, who thought they could tell us Brits what to do !  Grrr !

 

 

[maewang99]

government bonds offering a solid 3% rate... 

AEC 2015 coming on line....  

Toyota board to approve new "land mark" Thai investment....

a Thai Navy soon to have very capable new submarines heh heh!!!!

and the baht is set to weaken? 

okay if you say so. but my Thai..... and Philippine... businesses are not just humming they are zooming.. zoom zoom.. how you can agree with a yet weaker Baht I don't understand.

this is going to continue to become a consumer economy driven by spending at home... how? it just is. unlike the past. and the longer trend is very obvious. and it makes sense. 



 

Edited April 25, 2017 by maewang99

[teddog]

27 minutes ago, maewang99 said:

government bonds offering a solid 3% rate... 

AEC 2015 coming on line....  

Toyota board to approve new "land mark" Thai investment....

a Thai Navy soon to have very capable new submarines heh heh!!!!

and the baht is set to weaken? 

okay if you say so. but my Thai..... and Philippine... businesses are not just humming they are zooming.. zoom zoom.. how you can agree with a yet weaker Baht I don't understand.

this is going to continue to become a consumer economy driven by spending at home... how? it just is. unlike the past. and the longer trend is very obvious. and it makes sense. 



 

 

' Toyota set to approve 'land mark' deal? would not be the same company that laid off thousands a couple of years ago ,would it? workers guaranteed full employment at 300 baht a day,can see you are a mega businessman posting on here. 

  Thailand is a backward country  rapidly going into reverse,take a trip two hours westward  ,see just what a booming economy is doing and fighting to keep its currency down,Thailand gobbled up in a second.  All its thiefdoms  sorry fiefdoms heavily protected, Thailand is not going anywhere except bottom of the ocean ,like its subs  LOL

 

utterly nothing makes sense in this country  excepting the never ending scams

[BigKahuna]

1 hour ago, teddog said:

' Toyota set to approve 'land mark' deal? would not be the same company that laid off thousands a couple of years ago ,would it? workers guaranteed full employment at 300 baht a day,can see you are a mega businessman posting on here. 

  Thailand is a backward country  rapidly going into reverse,take a trip two hours westward  ,see just what a booming economy is doing and fighting to keep its currency down,Thailand gobbled up in a second.  All its thiefdoms  sorry fiefdoms heavily protected, Thailand is not going anywhere except bottom of the ocean ,like its subs  LOL

 

utterly nothing makes sense in this country  excepting the never ending scams

Why live there? Go back home where everything is great.