Should You Buy Thai Gold?

This video takes a tour of Chinatown in Bangkok and discusses whether you should buy Thai gold.

0:00 Intro - My Golden Story
2:10 Is Gold is a Good Investment?
3:04 What Makes Thai Gold Unique?
4:52 Should You Buy Gold Jewelry?

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Bangkok is home to one of the largest Chinatowns in the world, and the Chinese love gold! Not only is gold highly regarded as a sacred metal, gold has held its value for thousands of years! In the past 20 years alone, the price of gold has gone up almost 500%! Gold is also a great diversifier to your stock portfolio. Compared to the stock market, gold tends to just do its own thing. Even when stocks crash, gold is often not affected.

Thai gold is 96.5%, which is a little over 23 karat. This is considered very high by international standards. In other countries, it’s common to find purities as low as 18K, 14K or even 9K.

Love it or hate it, Thai gold comes in this distinctly bright, almost “cartoonish” yellow, while gold in other countries are much darker.

One of the best things about buying gold in Thailand is that if you buy gold jewelry, the craftsman fee is incredibly cheap, sometimes as little as 35 dollars. In many countries, the craftsman fee can cost even more than the gold itself!

One thing to keep in mind is Thailand has its own unit system for gold. Whereas gold is internationally quoted in ounces, Thai gold is quoted in baht. One baht is a little over half an oz, 0.54oz to be exact.

But there’s one downfall to when you buy gold in Thailand.

Gold in Thailand is not labeled according to international standards, and most gold vendors outside of Thailand won’t touch it until it’s properly labeled. So if you want to sell it in your home country, you’ll need to first find a place that can verify it according to international standards before you can sell it.

But despite the restrictive nature of Thai gold, I walked out with a gold bracelet on my wrist anyway. Why? Because there’s also the qualitative nature of owning physical gold.

There’s that symbolic, psychological effect. Buying gold in its physical also anchors you to the physical world.

It connects you with past history of humankind - where gold has shaped almost all past civilizations as a valuable and sacred metal.
It reminds you of your present goal to be an investor - to store and grow your wealth instead of using it all up.
And it will endure to be your future legacy - as gold does not corrode and can be passed on to the next generation.

It’s a reminder of where you came from, who you are, and what you want to be. And that's the powerful life lesson I learned from buying gold.

Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Affiliate commissions help fund videos like this one.

I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.

#buygold #thailand #gold

Видео Should You Buy Thai Gold? канала Jett Gunther