How to buy Gold?

[MrPlum]

Anyone know the best way to buy gold as a hedge against the paper money system falling through the floor?

Who do I go to in HH?

[Norseman]

I think you can ask every girl in Hua Hin.
They know for sure.

[vicha]

just go to the gold shop

[JimmyGreaves]

Probably need to buy it not in jewelery form as there surely is a charge for making the jewelery and I'm sure if you buy it raw you are not losing when selling.

[HHTel]

Any gold shop will sell you ingots of gold. As far as I know they come in 5 and 10 baht weights.

[margaretcarnes]

JimmyG is right - plain gold. Plain as possible as HHTel suggests. Any gem setting will just increase the buying price and not count towards resale value. (You don't actually see much Thai gold gemset anyway - probably for that very reason.) But remember that the gold price also fluctuates.

[PET]

You can buy gold on the London Market just as you can Stocks and Shares. I suggest you ask your bank or stockbroker if you have one, as it is just a question of setting up a dealing facility and then buy/sell over the internet.

[Randy Cornhole]

This may be of help - http://www.moneyweek.com/file/11428/how ... -gold.html

[Khundon1975]

Shoot me down if I'm wrong but I think that Thai gold bars can only be traded inside Thailand. I don't think you will be able to sell it if you take it out of the country.
Better to buy gold stocks/shares as you will not be worried about having gold bars nicked etc.

[MrPlum]

Shoot me down if I'm wrong but I think that Thai gold bars can only be traded inside Thailand. I don't think you will be able to sell it if you take it out of the country.
Better to buy gold stocks/shares as you will not be worried about having gold bars nicked etc.

If the paper money system collapses, physical gold in your hands will be the only thing left of value. I wouldn't trust the comex which is heavily manipulated and you are dependent on delivery of the gold if you sell. Since no-one can get hold of Gold bullion right now (at least in Thailand) you could be given cash instead. So why not just stay in cash?

There are too many risks.

There is no point either in buying Gold if you can't sell it when you need it. There are some reliable Gold shops in Yaowarat who stamp the gold with their chop and who up to now have always honoured a sale.

If you try and sell to another shop they may apply a commission fee of up to 5%.

[m_right]

You can also buy shares in a gold ETF. GLD. Each share is equal to 1/10 of an ounce.
The problem I have with physical gold is I have no secure place to store it beyond my wife's neck.

[hhfarang]

The problem I have with physical gold is I have no secure place to store it beyond my wife's neck.

It seems to me that is the least secure place to store it!

[Super Joe]

The problem I have with physical gold is I have no secure place to store it beyond my wife's neck.

It's the easiest stuff in the world to hide/store, unless your talking about large bars or amounts in excess of 100,000's of Dollars worth.
Other countries buy Thai gold no problem.
You can buy stamped bars in Hua Hin, although at a bit of a premium, agree with Mr P about China Town.

SJ

[nevets]

In the UK they are advertising to buy gold and especially Asian gold for some reason.

[crazy88]

Gold blows goats !

Stock up on Buddha amulets and carry some photos of amazing escapes from accidents that should have been fatal .Or import a fruit machine and invite all your wifes friends round to play it .Even on a 95% payout you will be rich in a month for sure !

Crazy 88