THAILAND GOLD BUY SELL TRADE
WHERE TO BUY THAI GOLD IN BANGKOK
WHERE TO TEST THAI GOLD
WHY BUY THAILAND GOLD
Look for this sign above in Chinatown Hua Seng Heng
In Thailand all Thai Baht gold chains, necklaces, rings and bracelets and other Thai Baht gold jewelry items termed " THAI BAHT GOLD " is known and recognized the world over as 96.5% pure gold by product weight (23K) making it one of highest gold content jewelry products produced anywhere in the world today. Thailand Gold jewelry's - Thai Baht gold jewelry is always sold by actual product weight, in a weight unit known as "Baht", which is approximately 1/2 ounce or 15.16 grams.In 2011 gold has hit a high $1700US an ounce as the US $ is not a good currency no more and people realize gold is it.
Old Thailand was once called Siam and this means gold in Sanskrit. The Chinese called Thailand as Jin lin, which means "peninsula of gold". China town is situated in one of the oldest areas of Bangkok. Originally, it was settled up by Chinese traders who came by junks to trade with Siam during the Sukhothai era. After 1891, King Rama V opened up this area which is now Songwat Road, Phatsai Road, Anuwong Road and Yaowarat Road.
Thailand Gold Jewelry and other gold objects functions as a security to many Thais in case of difficult times. The gold can be pawned anywhere in Thailand at propwer pawn or gold shops then you can buy back when you have funds again and maybe lose 1%. Its great security and the best monetary value the world over.
CHECK OUT THE LATEST GOLD & SILVER VALUES FOR BULLION
One baht Thai gold is equivalent to 15,244 grams. After being worked the weight should be equal with or more than 15,16 grams, to still be termed as one baht gold. (Thus one baht of gold normally is 15,2 grams)
Gold and how many carats
When to buy Gold:
Where to buy GOLD in Bangkok: At Yaowarat Road in Chinatown and no where else. There are many bad shops elsewhere but the Chinese are exceelent in Yaowarat Rd & will not rip you. But again caution prevails and watch out for new shops opened as they may copy the older ones & sell bad gold product lines short of weight and purity.There ar emany who want to get in on the action.
There are over 140 gold shops on Yaowarat Road called the 'Golden Road'. Originally, there were four main gold shops: Seng Heng Li, Hua Seng Heng, Tung Jin Aeng and Tang To Kang and most of them today are members of the Gold Merchants Association. Gold products here are not only recognized of high standard and quality, but also of hand-made beautiful intricacy.
2 shops where you will never be cheated are:Hua Seng Heng - & the Original Tang To Kang - the oldest gold shop in Bangkok founded by Tohkang Saetang, a Chinese immigrant, in the 1880s. It was the only gold shop in the Sampheang area during the reign of Rama VI to be granted a royal appointment to use the Garuda emblem in 1921. The shop has a high reputation for quality and craftsmanship and will repurchase any piece for not more than 1% lower than the prevailing market price of gold. Some shops maintain a margin of up to 5% on repurchased items.
Where to test your Gold: If you want to test the purity of a gold , contact the Department of Science Service at Tel. 246-1387-95 Ext. 400. The charge for testing is Bt500 per piece, and the process takes one week. If you feel you have been cheated by a gold shop in Thailand, write to the Consumer Protection Board or call 02- 282-4579. Gold is a regulated product which falls under the board's jurisdiction and they will assist you.
What not to do: If you want to buy Gold compare the prices; go to a reputable Gold shop and don't listen to tuk tuk drivers as they get a cut on every deal and the Gold you buy may be worthless. Use common sense and don't just buy in the first shop you see at the gold will not go away and theres no clsoing down holiday sales.
Online sales of Thai gold chains. knecklaces etc : If you buy over the internet youre crazy or you don't mind being had. However if you have bought from a reputable shop and established a good relationship and they are members of the Gold Merchants Association. Thailand Gold is a specialist industry and as such one must look and physically touch the piece they wish to buy. You have no insurance even though they say you have if you buy from a gold shop over the internet. Caveat emptor prevails so the thing is ----- try to get a refund after you pay for a gold chain -- I bet you wont get anywhere. Buying on ebay most of the gold is fake so best option handle what you want to buy and see with your own eyes before you purchase & ask for certificate if you can and what conditions on returns and if in writing.
A typical Gold shop in Chinatown ---- there are over 80 in one street
What about Online Gold Placement: Forget it. A company who holds your gold can use this gold as collateral for borrowing. If they default then they lose your gold & ytou have no comeback. Does this figure now. Would you let a shop hold on to your Ferrari while you run around doing your business & they accidentally fill it up with gasahol & blow the motor then say sorry I put the wrong gas in???---the answer is no.In the 1987 sharemarket crash in NZ the largest GOLD BULLION Company who kept the gold pieces & bars on behalf of clients went bankrupt and everyone lost their invested gold. GOLD BULLION kept it on behalf of their clients in Bank vaults or so they thought??? but actrually they invested the gold into shares on the stock market and lost it all. The owner was eventaully caught in the USA living it up on everyones money and jailed but the investors had no comebac and all lost??
Central banks are the most responsible for creating this system thanks to their fiat currency system. Since the introduction of the euro, monetary inflation has been exceeded 10% per year. A lot of people don't know it, but monetary inflation is the real, true inflation so think about your future & buy gold& silver while its low???.
Why you should stay away from loans, banks & then read the latest on why there will be a [ 2011 DEPRESSION ]
To buy SILVER BARS IN BANGKOK
George Soros, the hedge fund legend and billionaire philanthropist, said on Wednesday 9th April 2008 the subprime mortgage crisis is likely to cause global losses of over $1 trillion, characterizing the situation as the most severe since the Great Depression. It is now Sept and AIG, Lehmans have collapsed so we have yet to see subprime hit Thailand --- it will as the banks are saying nothing yet hiding behind a charade. Condos are plentiful and Property Investors are saying there is not enough condos here but they normally say this so people will invest. If you borrow you are in for a shock. If you have excess funds to play with OK but stay away from fund managers & hold on to your money --- better still listen to us and buy condos only not 30 year leases under Estate managements. [ Read more about Fund Managers ] & why you should stay away from them.
If you are unsure of a gem shop in Bangkok contact the Tourism Assistance Center, Tourism Authority of Thailand, Le Concorde Building, 202 Ratchadapiser Road, Bangkok 10310. Tel: 694-1222, ext. 1090-1094, or the Thai Gem and Jewelery Traders Association, 942/152 Charn Issara Tower, 15F, Rama 4 Road, Bangkok 10500. www.tgjta.com , email firstname.lastname@example.org or telephone 267-5233-6.
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