Should you invest and buy THAI GOLD, is it safe and a good idea?

[@12bigredd]

:) Gold is Gold and its good.... as far as investment goes it does not matter where you buy it.... you buy low and sell when higher lol sell after ELON does something foolish or some one launchs a war or stock market crashs. basically if the world secure then the trend lower... if the world in a mess it trends higher.... but price should be the same for all... but it can change minute by minute according to gold exchange. in somewhere like thailand though where banks once were bad then gold was alwys safe hense the tradition of people literally wearing there saving on them and thai jewelry pure as 21k is pure just like a bar.

[@Buzzinpattaya]

Cheers mate

[@Silo65]

@@12bigredd Thai gold is not pure. It’s 23k not 21k. It’s about 96% pure.

[@grahamjohnson4702]

@@Silo65 No gold is pure, but Thai gold is amongst the purist

[@oldthaiexpat]

Elon does something foolish? Are you referring to Elon Musk the wealthiest man in the world who built Tesla into a powerhouse, built SpaceX, mostly brought freedom of speech back to Twitter after buying it, and is going to be mass producing robots in the future? Maybe everyone could be so foolish.😊

[@Silo65]

@@grahamjohnson4702 I don’t wish to be argumentative but it’s not the purest. The Thai’s use and prefer 23k (karat). 23k is approx 96% pure. Gold bullion is always 24k which is 99.something. 24k actually means, 1 part of 24 includes other alloys. Therefore 23k means 1 part in 23 includes other alloys i.e. less pure. There’s nothing wrong with the gold here in Thailand if you buy from a reputable dealer. However, if you study the spot price of gold, there’s a different rate for 24k, 23k, 18k or 9k accordingly. 24k is generally considered too soft for fine jewelry - therefore here they prefer 23k (still very soft but not quite as pliable. I love gold as a store of value. It’s not something you buy in order to flip should the price increase. It’s a commodity to hold for the long term.

[@frankiesmart1113]

Gold, Silver, precious metals are precious for a reason. Paper burns in a flash 🔥 Keeping it real as always Trev, carry on my man! 👊

[@Buzzinpattaya]

Cheers mate

[@walters2023]

You will never go wrong with gold. Keeps it's value, better than keeping your money in the bank.

[@Buzzinpattaya]

Cheers mate

[@walters2023]

You can also invest in cryptocurrency XRP. You won't be sorry. Will double it's current price over the few months. Current price is $0.57 US

[@onlyme2030]

Definitely do the 1k baht day. My wife and I do 1.5k each regularly when on holiday to compare with UK prices - 3 meals, few soft drinks on the beach with a sunbed, a few beers and a massage, and change left over!

[@Buzzinpattaya]

okay mate

[@dennisthomsett9468]

there is a 2 priced tier system as far as gold prices go just like every thing else in Thailand , i experienced that a few trips ago when i walked into a gold shop asking about a certain item then i got a thai person to go in a few hours later asking about the same item and it was a lot cheaper for them

[@Buzzinpattaya]

wow really

[@carstensanonym7527]

i guess the item wasn't a gold bar, correct?

[@dennisthomsett9468]

@@carstensanonym7527 correct

[@tonymcdonald6482]

For those trying to compare things.....Gold bullion sold here is not 100% pure (24 Korat) it is 23 Korat or 96% pure. One baht of gold weighs 15.224 grams or slightly less than 1/2 a troy ounce. You can buy bars at 1, 2, 5 and 10 baht in most larger shops. Check the weight and keep the provenance docket they give you. Very few shops have assay equipment to check the purity so research a few of the brands on sale, there are dodgy dealers around.

[@Buzzinpattaya]

Thank you

[@tat2steven810]

Ya..was thinking the same🤔 how pure is it??

[@UneducatedGeologist]

Paying 3%-5% more from a trusted source than getting a "good deal" feom unknown seller to later find out its fake or plated and you overpaid by 100%.

[@donduick2927]

Wow Trev gold my favourite topic I have OCD and check gold prices about 4 times a day. Been stacking for about 5 years future for gold is very exciting too big a topic to talk about here

[@Buzzinpattaya]

Nice one mate

[@rexnex277]

Gold can be a good investment if you buy it for yourself ,If you buy it for a thai women "not so much".

[@Buzzinpattaya]

Yeah soon gone lol

[@glennamyhotspur]

Enjoyed this vlog, Trev. I bought 6 ounces of gold (Britannia coins) a few years back. I got in when the market was around £1250 an ounce. I just checked today's price and it's around £1910, so I am up over 50%. Please note, that anyone who is UK-based, and wishes to invest in gold, buy Britannia's, they are free of Capital Gains Tax (CGT). Buy anything else, any profits are liable for tax. 👍

[@Buzzinpattaya]

Wow mate brilliant

[@Bugz7]

Gday T great vlog mate. Catching up 😀. Yeh gold mate l first invested in 1983 gold was 320 aus an ounce. Now it's 3600 so yes gold is a stable investment.🙂👍

[@Buzzinpattaya]

Nice one mate that's fantastic

[@gwaring]

You did good, even if the price dropped 50% you still own the physical gold. And gold has never gone to zero. Even if you dont get rich off it, your daughter will.

[@Buzzinpattaya]

Cheers mate

[@TheBadGuy1974]

sept 2008 my first trip gold was12k a thai baht 50 thb to the Euro, Now 38thb for a Euro and gold at 40k. You wont go wrong Trev.

[@Buzzinpattaya]

Wow cheers mate

[@UneducatedGeologist]

Its a long game, the more paper the world prints the higher gold goes. That said, gold can be flat or down for years.

[@geoffrswan]

Gold typically is a fairly safe option but not better than many other options, over time it will rise and fall with inflation. you mentioned 2 or 3 times that over about 12 years you would double your money. this was the case for the period mentioned in fact it was slightly better. However ETF's would also have returned a very similar or even better return as would buying bricks and mortar in certain places. good luck with your investment it will be fine. the nice thing about buying gold is it is a sexy product to own!

[@Buzzinpattaya]

Thanks mate

[@richardontube]

Interesting topic. Hard to sell in the West due to unusual purity. 96.9 or thereabouts? I had issues selling some as the gold buyer struggled to identify the purity. I find that the Google Translate camera function is pretty good: Translates signs and menus quite accurately.

[@Buzzinpattaya]

Wow thank you for sharing

[@tufif]

I'm not an expert or anything but from what I've heard the value of gold stays pretty much the same, but it's the value of money that drops. So buying gold is like making your saved money safe from inflation

[@geoffwaterman6560]

You are more expert then 99.9% of others out there

[@Buzzinpattaya]

Thank you

[@user-sw6rf7hu4q]

Not a bad idea to have ten percent of your wealth in gold as part of a diversified portfolio. It’s never going to shoot the lights out but it’s always going to be a hedge against inflation for the money invested

[@Buzzinpattaya]

Cheers

[@user-sw6rf7hu4q]

@@Buzzinpattaya although it has been going gangbuster year this past year for sure … up to 2500 USD / ounce for a record high . Geopolitical concerns and huge buying by central banks has bucked the usual dreary slow paced trend. Silver has not really kept pace , back well below the highs of 30. Both are still Up over 20 prevent the past twelve months . Can they keep this going ?

[@DrewThai]

Bought my wife 5baht of gold at 75,000b many many years ago, now worth 200,000b ❤

[@Buzzinpattaya]

Wow!!

[@moonrakerudon6741]

Welcome to the world of dabbling (even if modestly) in gold. If you wonder whether you’ve done the right thing, ask yourself one question. What is Fort Knox, the vaults in the Bank of England full of? It ain’t paper money ( fiat as it’s known) and it certainly ain’t a number in a piece of paper like crypto currencies are. It’s gold - the only real currency. I’ve dabbled in it for years and it’s always done me proud in the medium to long term. In the UK at the moment gold is over £1900 an ounce. Just a few short years ago I was buying it at £1300. And you’ve done the right thing by buying ingots or bars. Jewellery is obviously more expensive due to the craftsman’s time involved. The price above spot is the premium you pay. You’ll struggle to get that premium back. As a beginner, stick to bars or ingots. You’ll know exactly where you are with price when the time comes to sell. If it dips, hang on to it. The price will recover and more. I collect mainly sovereigns here in the UK. Easy to liquidate as they’re internationally recognised. Enjoy!!

[@Buzzinpattaya]

cheers mate

[@billygun]

If you drive into Pattaya in a car where on earth do you park I see plenty of scooters but few cars

[@senianns9522]

Totally agree with you! Bikes, tables, stalls , stands, junk, and garbage bins strategically placed to stop you parking ! (That is also illegal but??) I won't go to anyplace that does this! -Which is quite a lot! Screw 'em!

[@Buzzinpattaya]

Roadside or shopping malls have car parks and temples

[@anthonydowling3356]

Gold was around B20,000 in 2018 .Being B40,800 now is a great increase.When i had money though its something i never thought of at the time .I know though that the value can stay stagnant for a couple of years or even go down.Its not something to put all your money in ,but as part of your profolio .The little 5 Baht bars look cute .Now worth B204,000 .

[@carlyndolphin]

Look at gold between 1980 and 2005. It made nothing

[@anthonydowling3356]

@@carlyndolphin My Thai GF bought gold late 2017 and sold late 2018 ( if i remember correctly ) and made a small loss .

[@Buzzinpattaya]

Yeah massive increase

[@carlyndolphin]

@@Buzzinpattaya not to say it will continue. Look at the past 40 years returns it’s been awful

[@johnmeyer7378]

Great investment over the years

[@Buzzinpattaya]

Thank you

[@johnerdelyi4208]

If you haven't got it you don't own it spot price on the day I took home a 1 baht bar from my holiday in march it's already gone up a fair bit with politicians pushing for war it might be handy to have some gold on hand 🖐 😊

[@Buzzinpattaya]

Cheers mate

[@gotthesinglelife]

If you buy at the right time it makes a good backup investment and a great way to diversify your portfolio bought many one-ounce nuggets of gold fairly good prices years before but not for profit as such but more of a SHTF backup if everything else goes down. But now with the high prices it is more of a risk but not so much if you want something physical instead of cash or crypto.

[@Buzzinpattaya]

Absolutely mate

[@paulharrison25]

The £1 shops in the uk, are more like £10 shops now 😅

[@Buzzinpattaya]

Wow

[@user-bg8vl2lu5s]

Gold is not an investment. Gold is savings.

[@Buzzinpattaya]

Okay

[@mjs90201]

Gold and bitcoin (like digital gold) are alternative forms of money which differ from fiat currency (e.g., THB, USD, Euro, etc) in that they are not debt based. Gold and BTC are mined into existence, while fiat currency is borrowed into existence (i.e., new fiat currency is created by banks from nothing when they issue loans). The ease with which unlimited amounts of fiat currencies can be created (by borrowing) and spent by politicians and government bureaucrats results in these currencies losing an average of around 14% of their purchasing power each year; this is because the pace of currency creation is greater than the pace at which goods and services are created. Gold and BTC may provide some protection against this currency debasement.

[@Buzzinpattaya]

Cheers mate

[@shornsparks20005]

Please do one with the 20 Bart shop thing that sounds really interesting

[@Buzzinpattaya]

Sure mate will do

[@ronuzan100]

I like this type of videos you make. Thanks and see you in September 🙏🏻

[@Buzzinpattaya]

Glad you like them thank you

[@heffiagametech8094]

Now trev has a golden episode.

[@Buzzinpattaya]

Hahaha

[@philipatkins405]

I remember ex prime minister Gordon Brown. Selling of our 🪙🪙🪙 gold supply to America to bail us out of bankruptcy gold is a good investment

[@Buzzinpattaya]

Cheers mate

[@Ian4444four]

Another Tuesday podium challenge 👍

[@Buzzinpattaya]

Good morning mate smashed it BOSH

[@Ray-c4e]

@@Ian4444four nice top spot ian well played

[@Ian4444four]

​@Ray-c4e Thanks Ray 👍

[@damianforsyth39]

It's best to have a diversed investment portfolio which can include Gold and ETF's especially something like an S&P 500 fund which is always a consistent performer if you wish to invest for 7 years plus. The investments you should reflect your stage of life and your risk tolerance.

[@Buzzinpattaya]

Thank you

[@charlienfriendsinruraljapa1372]

I have financed my last few trips to the Kingdow from crypto trading. It is NOT easy and research as well as intuition play a big part. Yes it's the wild west of investing and yes it's risky. But the gains are way beyond what gold or traditional stocks can yeild.

[@Buzzinpattaya]

Fair play mate

[@charlienfriendsinruraljapa1372]

@@Buzzinpattaya Interesting language use. . . You are quite the Brit you are😸. . . and I DO love your accent! And how you use the language with such candor and wit. It's like what you said in this video about using agents to set up a bank account - and I much agree- that, "They charge a fee. . yes. but they have to make a living too". The magic of crypto is that it is still almost not regulated at all. . . So the bottlenecks the traditional stocks, gold etc big wigs set up against us since Jeckle Island with Chase n friends in 1913. . . are almost not even there. . . As such. . . more of the "living" one makes comes back to you. . . much much less to them.

[@dantae666]

1.65 is AWFUL! 5.5% in a tax free isa uk. 10% roughly if you invest in s&p500 tax free in a isa in the uk on all capital gains and dividends unless us stock they take 9-15% of the dividend there. Leaving it in Thailand seems the very worst idea

[@Buzzinpattaya]

Thank you for sharing

[@spicyrightwing]

I’m getting 5.25% from the Yorkshire building Society that’s a online account only, no withdrawals for a year though

[@The_Drifter_13]

Really helpful video, thank you!!

[@Buzzinpattaya]

You're very welcome!

[@jonhobson3592]

I have some gold , wish I had more but it’s ok , wear some , keep some .. it will continue to rise in value for sure but maybe at a slower pace .. but can never be too sure ..

[@Buzzinpattaya]

Thank you

[@Silo65]

Gold is not an investment, it's a store of value, and there's a distinction! Gold is currently increasing in value however, buying gold is more a protection, or hedge against inflation.

[@Buzzinpattaya]

Thank you

[@nigelwilliams9307]

I still have gold bars in my cellar. You might have seen me on Crimewatch about 10 years ago.

[@Silo65]

@@nigelwilliams9307 You must be Nigel from ‘Brinks-mat’!? 😉

[@nigelwilliams9307]

@@Silo65 555

[@richardhill5792]

As it becomes clearer to the majority that societies across the world will become cashless, Gold will skyrocket! It's why it's so high now. It will become the "underground" form of transactions.

[@Buzzinpattaya]

Gotcha mate

[@richardhill5792]

@@Buzzinpattaya Buy more!

[@dennisboyle3846]

Remember Gold is priced in $ on the spot market. Often the price goes up in $ but is offset by the $/THB exchange rate so you need to take that into consideration. Usually gold and $ have an inverse correlation so the fact that gold has gone up in THB terms shows that gold is in a very strong bull market right now. Thai gold is as good as any in the world. I buy Bahts which is approx equal to 23K. The spread is excellent at only 100baht. Even when you add in the commission, usually 250 baht (Aurora) it is still better than most countries. Remember the commission is only applicable when you buy, not when you sell, ( again Aurora). Dubai used to be the a great place to buy before the introduction of VAT. I view it as an insurance rather than an investment so the fact that it has increased in THB terms is a bonus. Always remember, for ETF's "If you don't hold it you don't own it." Always buy at a reputable dealer and when you sell always sell back to that dealer to avoid any possible Assay costs.

[@Buzzinpattaya]

Cheers mate

[@Greebodeux]

Most decent Savings Accounts back in the UK are paying 5%+ with risk factor of 0. Is that rate from Kassikorn normal for Thailand or are they chancing it like the major banks over here? 😁

[@Buzzinpattaya]

Probably chancing it mate

[@jonhobson3592]

In bkk I saw a 5 baht block weigh 75g , it was beautiful 😍 but 200,000b cost 😅

[@stanleykyle]

They have a 50 baht chain on display in Tukom.

[@jonhobson3592]

@@stanleykyle 😮

[@Buzzinpattaya]

Wow

[@PREPFORIT]

Good advice Trev. Thanks.

[@Buzzinpattaya]

Cheers mate

[@UneducatedGeologist]

Gold is a long slow game. Some years it goes up 20% but most years it goes up nothing. That said it has doubled in the last 8 years. US Stocks are up well over 100% in last years.

[@Buzzinpattaya]

Yeah gonna give it a go

[@lionellionel7788]

Nice vidéos I like your attitude helping people (12€ for chewing gum) and more is amazing 👍🏻👏🏻👏🏻👏🏻

[@Buzzinpattaya]

Thank you! 😃

[@jonnyredd777]

As a professional trader I see this all the time. People always talk about these things when they are at all time highs which gold is right now at over $2,400 an ounce. it was $400 an ounce 20 years ago and as others have said it is good to have as a hedge against inflation. However unlike equities which can pay quarterly dividends giving you a nice extra income, Gold doesn't return anything to you. Gold hit almost $2,000 in 2011 then fell back to $1,000 by 2015, peaked again at $2,000 in 2020 then fell back to $1,600. So please don't think that if you invest it will just tick up week by week because even with the best investments, nothing goes up in a straight line so you must be prepared to see your investment fluctuate quite a lot!

[@Buzzinpattaya]

Thank you for sharing your experience with us

[@billmoesh-dy9wr]

Gold is traded and priced on the comex. What was the weight of your bar? Today's price is 2500.00 US per Oz

[@sallynicholas1]

the con was a money printing yes gold is the safe bet ........ gold.. or paper fiat its not money gold is money ..... reset soon gold will make you rich god bless

[@Buzzinpattaya]

Thank you

[@johncohen4224]

Hello Trev, enjoyed doing what you do. Walkabouts. And gold is a good investment .We differ here though my gold investment is Bitcoin I buy Satoshi’s there’s 100.000,000 in a Bitcoin. I buy from an Exchange.. Something to have a look at mate.. Or not at the moment.. Cheers Buddy JC.😊

[@Buzzinpattaya]

Thanks for the info

[@didony6836]

Thanks nice Video, I can remember about 20 Years ago to pay 8000 Bath for one Bath of gold.

[@Buzzinpattaya]

Oh wow!

[@michaelward1605]

Sawadee kurb 🙏 the 1000 bt a day challange will be a good one to do🙏

[@Buzzinpattaya]

Cheers mate

[@wayneparkes1350]

@@michaelward1605 Probably get a sore wrist taking on the 1,000 baht a day challenge.

[@mikefroment8233]

Trev pound land were nothing costs a pound anymore

[@Buzzinpattaya]

haha true

[@buzzy1011]

I found a good gold dealer.. really close to where you bought your gold…I always use the same dealer….for buying and selling gold…. Find a good one and stay with them…. I’ve made a few hundred thousand baht with gold in the last few years with gold… right now I sold it all …. Gold is up right now… I’m waiting for it to come down a little bit… then I’ll buy another 20-30 baht….. you need to have patience for it to pay off…

[@Buzzinpattaya]

Cheers mate

[@Ardoyne10]

Trev did you ask them if they buy euro gold if you want to sell if your there.

[@Buzzinpattaya]

I didn't sorry

[@martinpowell5769]

Have to own a condo trev! Majority of people rent I believe, how do they get bank accounts

[@Buzzinpattaya]

Bank account from an agent

[@liamclarke8411]

Gold was 29000 in Feb 2022 when I was in pattaya Trev 42000 good 👍 profit

[@Buzzinpattaya]

Yeah 18,500 when I first came

[@SoybooCow]

I've never understood how these gold shop owners make any money. A 200 thb commission on a 40,000 transaction. They'd have to be hugely busy to make any profit each day. I know someone gonna chime in with 'All the bar girls running to a gold shop to sell the new bracelet given to her by a love-sick farang'...🙄 Just a point to mention: the standard of fineness of gold in Thailand is lower than in the west. 965 compared to 999. Although not impossible, anyone wanting to sell Thai gold in the UK will be offered a lower price due the difference in purity. Thai gold is probably still a safer long term asset, rather than opening a beer bar😆

[@Buzzinpattaya]

Thai people love gold so here all the girls get their new darling to buy them gold lol

[@hkdaddy3326]

For me, I will be buying some Thai Gold. I am from Hong Kong, and there I have a reasonable amount in HSBC gold ETF of which I have gained 30%+ in the last year and I anticipate more appreciation in the short term. (why ETF vs physical gold? It is liquidity, where I can buy and sell in a quick manner and with low commissions/premiums). Which brings me to Thai gold, it has low premiums (relative to the current spot price) and more importantly, it is liquid where i can go to the many gold stores in Pattaya and buy or sell. Since I come to Thailand a number of times a year I can sell Thai gold to fund my trip. The base assumption to this idea is that gold prices will go up. This I believe is happening as the US are set to lower interest rates which impacts the price of gold. Added to this, the BRICS nations esp China has been buying a large amount of gold. Trevor: in the time you made this video, I see that gold has gone up 2%. The last point here is I believe the Thai baht will depreciate relative to the USD which mean my Thai gold will get more Thai Baht in the future, (this depreciation I see as being a function of the sluggish Thai economy) Thanks for the video, now I know where to go in PTY to buy gold.

[@Buzzinpattaya]

Nice one

[@Silo65]

@@hkdaddy3326 can I say that should you want to buy gold, it’s better to buy in Yaowarat in Bangkok, than Pattaya. You can buy gold at spot without commission. Their profit is taken on the spread.

[@hkdaddy3326]

@@Silo65 That is great, my friends here are saying the same thing, as I want to buy fractions of a gold baht and redeem them as I need. The location you mentioned, is that Chinatown? I am told that is the area to go. Thanks for your help.

[@Silo65]

@@hkdaddy3326 Yes. You’ll need to go to Yaowarat Rd in Chinatown. The most popular shop is 418, 420 Yaowarat Rd, Samphanthawong, Bangkok 10100

[@dantae666]

Bought a bracelet as the price is the value weight of metal plus a small amount for labour much less than in uk. Sold it when bored of it 2 years later in 2024 made £400.00 profit. for investment s&p500 is far, far better gold does not earn anything. gold protects you from inflation which commodities rising and currency value falls. it wont make you rich tho

[@Buzzinpattaya]

Brilliant

[@UP-2-U]

I am not an investment advisor or expert on the matter. I am just playing a numbers game here. And the numbers I have used are approximations. Lowest gold price in last 55 years 1970 Gold = US$300 / Oz Now 8/2024 2024 Gold = US$2,500 / Oz Decrease in value of US$1 US$1 in 2024 is now = US$0.12 of 1968 US$1 US$1 in 1968 = 8 Philippine pesos US$1 in 2024 = 55 Philippine pesos Increase in Gold Cost/Price / Oz from 1968 to 2024 = 800% Increase in US$1 VS Philippine peso from 1968 to 2024 = 687% Slight advantage to Gold value over 55 year span but essentially the cost/price of gold follows inflation. That is why gold is a good hedge against inflation over the long term because gold's value remains constant. Currency has a great disadvantage over the same time span due to inflation. Generally gold is not an investment(?) because it's value does not increase, it just follows inflation. An investment should increase in value over time. For a real increase in value the investment should increase at a rate greater than the rate of inflation. Over a long time span inflation runs about 4~5%. Therefore an investment should increase in value by at least 6% but 8% or more is better. It is almost impossible to find a guaranteed investment strategy that will return over 5%. Therefore investments, including speculation in gold, are always a gamble but the only real way to realize an increase in value.

[@Buzzinpattaya]

ok

[@fazzzebra9969]

Silver will be a better option as every 1oz of physical is sold 400x on paper

[@Buzzinpattaya]

Wow

[@oldthaiexpat]

Silver has VAT 7% tax in Thailand. Gold is tax free

[@Head173]

With the way things are going gold is a very viable option. I have been considering it in Thai gold for a while. Making money is dollars and converting into Thai gold doesn’t sound like a bad idea. Question..are there safety deposit box options in Thailand? I’m gonna google it but I think that would be something to look into. If you have any clue I’d love to hear. Thanks!

[@Buzzinpattaya]

Yeah I am the same, wish I did it when I first came here would have made over 50%

[@heffiagametech8094]

Silver for me and yes i have gone up 33%

[@Buzzinpattaya]

Nice one

[@oldthaiexpat]

I agree with silver but in Thailand you have to pay VAT on silver while there is no VAT on gold

[@heffiagametech8094]

@@oldthaiexpat I am still in the USA

[@oldthaiexpat]

@@heffiagametech8094 sorry to hear that

[@dennisthomsett9468]

there used to be a Bangkok Bank office set up close to the entrance to Walking Street where you could go in and open a account even with a tourist visa

[@Buzzinpattaya]

Sadly hard to do nowadays

[@ianhulmes7249]

Trev I did here you can claim the tax back at the airport when buying gold

[@Buzzinpattaya]

Thank you

[@carolcolton4901]

20 baht shop would be interesting to me since I will be there soon hopefully if all goes well. In the USA we have dollar tree or dollar general.....

[@Buzzinpattaya]

Yeah let's do that

[@cesardvergara]

Nice but next time go inside the gold shop to show us how it looks and buy bigger necklace more power hahaha

[@Buzzinpattaya]

Lol I don't do showing off with gold, never been into that

[@bigwig400]

Why buy/trade PHYSICAL gold as an investment when you can invest in gold online via an ETF? The fees are smaller, you don't need to store the gold or carry it or physically trade it, somebody else does all that. You just pop your PC or phone on and click buy or sell.

[@user-bg8vl2lu5s]

If you don't hold it then you don't own it.

[@quemalcy]

@@user-bg8vl2lu5s thats what old farts that dont trust the internet say, so 90s .

[@Buzzinpattaya]

Cheers

[@jameslevine2969]

Absolutely correct, a gold ETF is the intelligent way to go for an investor looking to diversify their portfolio. Gold is quite high at the moment though, long term it will be fine, but short term I see the price falling mildly as the output from mines increases dramatically.

[@oldthaiexpat]

Until there is another world wide computer virus or someone finds a way to hack accounts. A locked computer doesn't work at the store

[@melin1969]

gold price is normaly displayed in the shop thats the price you pay the prices are based on the gold price so they change several times a day , investing in gold is like investing in anything , its gambling only put in what you can afford to , yes historically gold has pretty much always gone up however it did crash in 2013 when it lost 30% of its value(but gained it back within 4 months) ..........thai gold is sold in Bhat weight a Bhat of gold is 15.24 grams roughly half troy ounce , gold is measured in troy ounces and a troy ounce is 31.1 grams , lots of thais buy jewlery as thai gold is almost pure gold at 23karat .......you will pay more for gold jewelry compared to gold bars though due to the labour costs of making it , gold coins are another option but thats another rabbit hole LOL ..if you wanna compare it to the bank accounts you mentioned then gold this week has gone up 1.28% in value and the yearly change is 27.63%

[@Buzzinpattaya]

Thank you

[@_Alfa.Bravo_]

The gold belongs to mother earth and not to us. So much rainforest is killed and soil pulluted with mercury, nothing will grow there for centuries. When my Thai family talks about it Isay "Buddha said it is not good for your Karma if you make othe people jeaulous" ... ;)

[@Buzzinpattaya]

Okay

[@wayneparkes1350]

Gold does not produce income like stocks and property trusts. That is what people forget. Makes a big difference long term.

[@Buzzinpattaya]

Thank you

[@marcom2248]

But Gold will always hold some value. Your stocks are just documents loaded with hopes and dreams. You can lose all.

[@wayneparkes1350]

@@marcom2248 Stocks have given me a great retirement for the last 18 years. Great dreams.

[@tubesoupio]

Gold has out performed the S&P over the last 25 years…even without producing income!

[@tomrobinson5893]

I don’t think Thai gold is any good in the western market I don’t see Thai gold in uk or USA

[@Buzzinpattaya]

Okay

[@pouljensen2255]

i bordt gold 25 years ago [ 18000bth] just fore me but now it is almost 60000

[@Girlsonfilm21]

Commodity's works- not like this. If you hold on to any commodity that long fluctuations in the market remove your margin. Eg. Energy prices 15 years ago. You're definitely confused and describing crypto.

[@Buzzinpattaya]

Wow

[@christopherking4217]

Hi my girl brings gold back every year. Chris and Kitty Liverpool England.

[@Buzzinpattaya]

Nice one

[@bulentanibal5064]

Old the gold shops in Thailand display daily gold pice on there windows ,,so same same for flang or Thai..

[@Buzzinpattaya]

okay

[@sallynicholas1]

gold is money only money fiat is paper money thay can and will and do print masss amounts so gold going will hold your weath siver is very cheap

[@Buzzinpattaya]

cheers mate

[@richardlongmore9301]

Better have gold than cash for sure. But it has to be real gold you can hold yourself. Not stocks in gold. Gold has real life use in electronics and costs more and more to mine so I guess that’s what gives it a value. Someone told me look at the Indians. They cover themselves in gold and have nothing in the bank. Smart

[@Buzzinpattaya]

Thank you

[@shauncooke9837]

I brought gold many years ago 16,000 a baht. 10 baht of gold. When I come over this time November I will take it to the shop and see

[@Buzzinpattaya]

Yeah it's at 42k now

[@tonythaiger93]

Now you can just invest gold using the etf GLD stock symbol. There is no need to buy and hold, to be honest 😅😅😅😅

[@NomenNescio99]

As long as the politicians keep printing money like there's no tomorrow, gold will be a solid store of value.

[@Buzzinpattaya]

Haha

[@shauncawley1138]

If you can't hold it you don't own

[@geoffwaterman6560]

Sure just hold a piece of paper. Fool

[@franciskocher200]

Salut Trev. Nice vidéo😄👍

[@Buzzinpattaya]

Cheers mate

[@michaelduggan2750]

Just a comment about the car in two lanes, what is it they don't get,why can't they drive in one lane,really does my head in i tell you

[@Buzzinpattaya]

Hahaha yeah makes no sense at all

[@markfranklin8452]

Gold is a store of value ie it reflects the state of the economy gold goes up and down in price but generally over long periods of time it goes up where does this change gold goes up if the stock market crashes or times of war I am expecting gold prices to rise to 3k US per once by the end of the year which I will sell also I expect silver to rise I also use gold as a safety net when travelling ie a coin which I can transfer to any currency done it for years

[@Buzzinpattaya]

Cheers mate

[@charlienfriendsinruraljapa1372]

Wonderful topic bro! These questions have been on my mind... ( v^-゜)♪ Thank You!

[@Buzzinpattaya]

Any time!

[@sswmastering]

What time of day did you film this? Pattaya Tai looks so empty, no traffic or anything.

[@Buzzinpattaya]

Around 10:30am

[@WAWZDAT]

I see gold a solid investment that is a hedge against inflation, but, unless you actively trade it, it won't make you rich. Plus, if you buy physical gold, you have to have a secure place to store it no one will know about. I forgot the exact numbers you used, but I think you said when you got there 11 years ago you could have got a baht for about 20k and now you can sell it for about 40k. Doubled your money or 100%. Annualized out that it is less than 10% gain per year. So, it beats inflation, but you would do much better investing in the stock market. Still an informative video, but too much time walking around. Could have cut this video in half. Thanks for the info.

[@Buzzinpattaya]

Gotcha mate

[@MichelCorbeil-bd5ji]

Hi Trevor it's Michael again i forget to ask you do you know Pumpui Pattaya Taxi because i'm friend in Facebook with the owner she's nice and i read a lot a review and she give a excellent service from the Bangkok Airport to Pattaya city you can book in advanced from Chateauguay and they will be waiting in the arrival #3 in second floor they wiil be a driver waiting with your name on a board to pick you up so do you know them?🙏🙏🙏

[@Buzzinpattaya]

I don't know them mate no, connect me up if ya can and will pass by in a video for them

[@geoffwaterman6560]

Gold is the money of Kings and silver is the money of gentleman. There's a lot more gentlemen out there than Kings. And most of them are foolish enough not to own any silver. That's likely to change. I would never buy Chinese gold in Thailand. How much tungsten is in it?

[@Buzzinpattaya]

Thank you for sharing your experience

[@shadowfilm7980]

Agree. Never buy Chinese gold. Seen videos where they break the small gold bars and you see an alloy in there. Not pure gold. They even paint the bars gold! Don’t trust anything Chinese. Lots of copies. Fakes. They are good at it. I know from living in China for three years.

[@colinmacphee9146]

Some great replies to this video

[@Buzzinpattaya]

Cheers mate

[@xian4616]

Gold must be 22 or 24 k.

[@Buzzinpattaya]

Okay

[@bulentanibal5064]

In Thailand gold is 23 K...That is the problem...most of the other country as u says deal with 22 or 24..n can not test 23 k gold..

[@michaelzammit8311]

You would have rocks in your head to invest anything in Thailand !!

[@Buzzinpattaya]

Lol

[@bracknelljohn]

My wife bought a 2 baht gold bracelet a couple of years ago. After a couple of months, some holes appeared in the gold, and you could see a black material inside the gold, which looked like lead ,obviously to bulk up the weight.

[@michaelzammit8311]

You would think the dumb asses would get a gold spray can and touch them up , 🤣

[@nicolasreuter8830]

It’s a excellent thing and the only one that give me piece at home 😂😂😂😂😂😂😂

[@Buzzinpattaya]

Cheers mate

[@ocean7440]

Detail, comment on the selling process with selling to a different vendor etc:

[@Buzzinpattaya]

Will update when I sell what I purchased

[@user-xd9ht5bk3d]

Where you going to store your gold Trev ,asking for a friend 😉

[@Buzzinpattaya]

In a safe in a deposit bank

[@michaellivingston1823]

I have done okay. Bye the ingots. So as not to pay for the workmanship. I remember when it was 8,000 baht for a baht of gold

[@Buzzinpattaya]

Wow what an increase over the years

[@fazzzebra9969]

Apparently what is coming every currency will be roughly the same in worth..Russia has already set the price of gold at 5000 a gram..Apparently

[@Buzzinpattaya]

Ouch

[@TheOUboy]

Good Info

[@Buzzinpattaya]

Glad it was helpful!

[@Mrhappy555]

Always buy investments like gold when everyone is scared and the trend has turned down overtime. Buying now is risky because it’s all time highs. I think there are better investments. I’m still buying gold for my wife because that’s what she wants 😂😂😂 We’ve been buying for three years and she’s never selling. That is as long as I’m buying 😂😂

[@Buzzinpattaya]

Cheers mate

[@stuarthessinger4101]

Thai gold does tend to hold it’s value

[@Buzzinpattaya]

yeah seems that way

[@kevinw3800]

Ask one of the bar girls... im sure they will give you the answers on gold 🤪🙈

[@Buzzinpattaya]

Hahaha

[@SaUbastyya]

23 years ago, gold was $271/Troy ounce. Today it's $2500, 90,000 Bhat/Troy Ounce. Over 9 times your money in a little over 2 decades. I mean, it's no Bitcoin, but that's an incredible return on investment. I'd guess those times are long over for gold. But, if you can buy gold in Thailand for 50,000 Bhat/Troy Ounce or less, you'd almost double your money just by selling it overseas. How much gold are you getting for that 40,800-40,900? How much is a "bar," in terms of Troy oz.?

[@Buzzinpattaya]

Wow that's amazing

[@mrpink9802]

1 Gold Bat is 15,4 grams

[@SaUbastyya]

15.4 grams of gold. Thank you for that. A Troy ounce is 31.1 grams. So, some math. At 36 Bhat per US Dollar, 1 Troy ounce is worth $2500/90,000 Bhat, as mentioned. A Thai gold Bat is 49.51% of a Troy ounce, so it should be worth 44,566 Bhat, rounded up. If you can buy it for under 41,000, as Trev mentioned in the video, you'd be making 3500 Bhat per Bat, or about $100 per Bat. If that's actually the case, and you could find both a supplier in Thailand and a buyer overseas at actual price, you could literally make a fortune in a very short time. Unfortunately, in my experience, buyers at best offer 80% of spot price, so they'd be offering $2000/72,000 Bhat per Troy ounce, which means you'd have to buy the gold in Thailand for under 35,600 Bhat to make a profit currently. At almost 41,000 Bhat per Bat, you're betting heavily on gold climbing to 51,250 Bhat per Bat, or $2875.00 US to actually make a profit. Seems like a really bad investment to me. I'm not saying gold won't get that high, it might, but even at $3000/oz, you'd be looking at minimal profit unless you were already a billionaire and had a ton of money to invest. For those of us who aren't billionaires, and who'd be investing thousands of dollars, the profit would be counted in the tens of dollars. Even if I had $2700 to invest in 2001, I'd only have made $24,000 today if I sold, affording me a couple good vacations, but a light-year from being rich. You have to have money to make money. I'm closer to being a billionaire than Elon Musk, Bill Gates, or Warren Buffet. And I have far, far less than a million dollars to my name. The game is rigged. And people who think gold is a good investment at $2500/oz are completely delusional.

[@POMMICUNT]

Where do you keep the gold 20 baht of gold is a lot of gold to lose

[@mrpink9802]

@@SaUbastyya , thai Gold Is 965/1000 you must cut 3.5%

[@conancol7556]

Gold diggers... Aren't a good investment.

[@Buzzinpattaya]

Okay

[@kevinw3800]

That was the buakhao baht bus route right stopping on south Pattaya Road ?

[@Buzzinpattaya]

Yes