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The official name of the country is Lao People's Democratic Republic. In Lao, Sathalanalat Pasathipatai Pasason Lao. Laos, which in the Lao language is Pathet Lao--pathet means land or country, from the Sanskrit pradesha. Laos has peace. It is finally enjoying it after some 300 years of wars. Laos has become the most inviting in many respects for investment. It is politically stable, and has been since 1975 & has immense natural resource availability. Laos is finding that being a landlocked little country on natural land and river routes between Thailand, Vietnam and China now makes it a country to be courted by its internationalizing neighbors. Laos has become the political and economic front-runner in economic reform to meets the needs of its people for today and tomorrow. Free markets and private foreign investment have been the norm since 1989. There has been a continuous streamlining of the system toward economic development, each new addition making it simpler and hence more inviting to potential investors.
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SILVER FROM LAOS & ALL YOU NEED TO KNOW
WHEN BUYING SILVER INGOTS OR NUGGETS
Varieties of handmade gold, silver or precious stones are widely sold in 'Talat Sao' (Morning Market) Upstairs in this morning market you will find gold, silver and antiques and this is the best place to buy silver. Thai tourists and many others go into Vientiane to buy gold which is cheaper than in Thailand. The gold found in Laos is 99.99% pure and is sold at a set price per gram. To many westerners, the colour of Lao gold seems a lot more brass looking – but it is true 24 carat gold. Silver is a more reasonable and traditional Lao product and you can buy ingots there – silver is also sold by the weight so is a good investment now as silver will increase in value. Some silver and copper items exported from Laos are subject to tax according to weight.
Silver bar ingot A 'tiger's tongue' This is in the British Museum
Thai kingdom of Lanchang (Laos), around AD 1800. From the thirteenth to nineteenth centuries, the monetary system of the Thai people was based on the use of silver ingots, valued by their weight. Each region developed its own distinctive form of bar-shaped ingot. Laos used bars with tapered ends. Because of its shape, one form is known as 'canoe' money; another flatter type with rounded, blunt ends, illustrated here, is called 'tiger's tongue'. Around the rim on one side it has a double border of running dots or small rings, several of which have merged together. In the centre is a line of three snake-like stamps. This particular symbol is known as Na and is commonly said to represent the cobra who protected the Buddha as he lay sleeping.
5 Gram Silver Bar 999 Fine Pure Silver Ingot Bullion
Historically, silver was used as the standard for currency around the world. Although silver minted coins are no longer in wide use, investing in silver still provides a great return. Recently, silver has been outperforming gold in growth potential. Remember that it is forbidden to take any antiques or Buddha image ( older than 50 years ) out of laos.
Bari Gems and Jewellery - was Laos' first gems dealer
Located within the Royal Palace, the Silver Pagoda is so named because of its floor, which is made up of 5000 silver tiles. The treasures found include a solid gold Buddha encrusted and weighing 90kilogramss and a small 17th century emerald and baccarat crystal Buddha.
[ Laos Visas ]
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