gold chain
gold chain
Could anyone tell me roughly the price of 9crt 50 grams chain in England.
Hi all
I am curious , so if you can answer my many questions I will be very grateful
Is gold a good buy here or not? Are the Goldsmiths trustworthy?or will it be another attempt at a rip off?
Do you barter?
What about gold as an inverstment?
I don't no much about it, but you see many many Thai people in the gold shops around town.
Also, What about the gold in the duty free shops at middle eastern airports like Abu Dhabi, & Doha? & how goes it compare to UK for price & quality?
Would I get a bargain or my fingers burned?
Thanks
Paderborn
I am curious , so if you can answer my many questions I will be very grateful
Is gold a good buy here or not? Are the Goldsmiths trustworthy?or will it be another attempt at a rip off?
Do you barter?
What about gold as an inverstment?
I don't no much about it, but you see many many Thai people in the gold shops around town.
Also, What about the gold in the duty free shops at middle eastern airports like Abu Dhabi, & Doha? & how goes it compare to UK for price & quality?
Would I get a bargain or my fingers burned?
Thanks
Paderborn
Yes, it is a good investment in my opinion. Thai gold is about as pure as you get 96.5%, 100% is considered too soft to make jewelry out of.
Not sure whether you need to worry about getting ripped off, quality wise, if buying jewelry on show in a shop, but if after something bigger then maybe better to go to a recognised trader in China town. Although you can buy small 'stamped' bars in Hua Hin in a couple of the shops.
You can barter I would think as wife uses one shop in town as she knows the owner socially now, and gets discounts/better prices compared to other shops.
Here's a couple of websites with info:
http://www.ethaigold.com/index.php?lay= ... 87&Ntype=7
http://www.goldtraders.or.th/index_en.php
SJ
Not sure whether you need to worry about getting ripped off, quality wise, if buying jewelry on show in a shop, but if after something bigger then maybe better to go to a recognised trader in China town. Although you can buy small 'stamped' bars in Hua Hin in a couple of the shops.
You can barter I would think as wife uses one shop in town as she knows the owner socially now, and gets discounts/better prices compared to other shops.
Here's a couple of websites with info:
http://www.ethaigold.com/index.php?lay= ... 87&Ntype=7
http://www.goldtraders.or.th/index_en.php
SJ
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chopsticks
- Guru
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- Joined: Tue Jun 26, 2007 5:03 am
Gold in Asia, SE Asia and Middle East is readily traded and sold by weight with minimal add-on for working. Also it's usually 22ct so looks very yellow in colour compared to UK, where much lower purity such as 9ct,16 ct etc is used for jewellery with very high mark-ups.
For UK the only practical way to buy for investment is to buy coins eg. Kruggerands, Sovereigns etc. but since VAT was added no longer a good buy.
Stay well away from special collectors editions etc. etc.
For UK the only practical way to buy for investment is to buy coins eg. Kruggerands, Sovereigns etc. but since VAT was added no longer a good buy.
Stay well away from special collectors editions etc. etc.
Yeah good point, you could say its due for a drop sometime, personally wouldn't have a clue as I'm useless at forecasting things. You could have said the same about the record high a few years back and today its 12% higher, equally there's been times when its high like this then takes a big drop.BaaBaa. wrote:It can't be a good investment at the moment.
I thought gold was at its highest price for years.
I know it was about 2 months ago.
I look at investments as long term, and like property it has always risen steadily over time. Gold's increased 500% since the mid-70's historic charts you see and property 1,500%, so by their nature they are more often than not at an all time high, ofcourse they have their peaks and troughs though. They're the only two things I've ever, and would ever, put money into and if its long term it will see you ok.
I've never been into waiting for prices to drop, seen so many people say 'the prices have to drop soon, it's well over-priced at the moment', like they did with property in the mid-to-late 90's, only it never looked back and they missed the boat.
I go for things at the time, because while it may take a drop and you could have got a better price in the near term, long term you know it will be a sound investment, whereas if you hold out and it doesn't drop then you've missed that boat.
But I'm certainly not the person to rely on for sound advice.
SJ
I think physical Gold is a safe store of value if you believe the fiat paper money system will experience high inflation or devaluation. Or is doomed.
I have bought in Chinatown (Yaowarat) Bangkok from both the dealers mentioned here... http://gold.yabz.com/where_to_buy_gold.htm
They guarantee to buy back and they will not sting you for additional commission when you sell. Gold bars are sold in one baht-weight (15.16 grammes). You are limited to 20 baht-weight in any one visit. Currently about 300,000 baht. Take your passport.
Haven't checked out the Gold shops in Petchburi. Might do if the Wall St thieves ever give me a break.
You can buy Gold jewellery rather than bars but you lose more on the buy/sell spread.
If you buy physical gold then have somewhere secure to store it. My sabre-toothed Tiger now has a complete set of gold teeth.
I have bought in Chinatown (Yaowarat) Bangkok from both the dealers mentioned here... http://gold.yabz.com/where_to_buy_gold.htm
They guarantee to buy back and they will not sting you for additional commission when you sell. Gold bars are sold in one baht-weight (15.16 grammes). You are limited to 20 baht-weight in any one visit. Currently about 300,000 baht. Take your passport.
Haven't checked out the Gold shops in Petchburi. Might do if the Wall St thieves ever give me a break.
You can buy Gold jewellery rather than bars but you lose more on the buy/sell spread.
If you buy physical gold then have somewhere secure to store it. My sabre-toothed Tiger now has a complete set of gold teeth.
"Let no one who has the slightest desire to live in peace and quietness be tempted, under any circumstances, to enter upon the chivalrous task of trying to correct a popular error."---William Thoms
Gold prices tend to increase when the stock market is unsafeBaaBaa. wrote:It can't be a good investment at the moment.
I thought gold was at its highest price for years.
I know it was about 2 months ago.
I would guess that the price will come down next year as the world markets recover.
Gold, Stocks and currency are good for quick investments but if your investing long term then Property is the safest bet.
During the early 80's when the economy in the US was looking shakey and gold and silver were moving up. I bought several krugerands, a few canadian mapleleafs and a couple of chinese pandas ( my favorite). Paid a bit over $800 and oz. shortly after I bought them the bottom pretty much fell out of gold. I sold a lot of it at $400 and still have about 5 coins left.
So they have only recently risen above the price I paid for them 25+ years ago. Not saying they are a bad investment just that my timing was less than perfect in making the trades.
But if you do get into gold definitely get into coins as above or nuggets.
So they have only recently risen above the price I paid for them 25+ years ago. Not saying they are a bad investment just that my timing was less than perfect in making the trades.
But if you do get into gold definitely get into coins as above or nuggets.
