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Post by Soutpeel on Sept 30, 2015 10:53:59 GMT 7
Been think about getting into physical gold ie coins and bullion and found a company in Singapore who will sell me the gold and even store it for me for free in their vault in Singapore and all fully insured
So the question is where do people think gold is going ? Price seems to be bottoming out...so the time may be getting close to start buying
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Post by rgs2001uk on Sept 30, 2015 11:08:42 GMT 7
Sorry, cant help I dont invest in it.
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Post by Deleted on Sept 30, 2015 11:12:59 GMT 7
There are lots of gold shops in Thailand. Your lady can help you with this.
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Post by Soutpeel on Sept 30, 2015 11:24:10 GMT 7
There are lots of gold shops in Thailand. Your lady can help you with this. She has all the Thai gold she would ever need  besides looking at the higher purity/premium gold coins and or bullion... Singapore interests me given there is no GST payable on investment gold, and there are no other restrictions as such buying in Sing |
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Post by Deleted on Sept 30, 2015 11:32:50 GMT 7
There are lots of gold shops in Thailand. Your lady can help you with this. She has all the Thai gold she would ever need besides looking at the higher purity/premium gold coins and or bullion... Singapore interests me given there is no GST payable on investment gold, and there are no other restrictions as such buying in Sing Better off with silver but apparently (according to a mate from NY who buys physical) it can't be found now. Holding gold and silver is an insurance** against the coming banking apocalypse. NY mate reckons the price of physical is being artificially depressed by ETF manipulation. **Shotguns and beans also required. |
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Post by Deleted on Sept 30, 2015 11:38:36 GMT 7
Oh and get coins with a $1US face value. You'll not pay duty on them when moving between countries. If you have bullion you'll be f'd.
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Post by Soutpeel on Sept 30, 2015 11:55:11 GMT 7
She has all the Thai gold she would ever need besides looking at the higher purity/premium gold coins and or bullion... Singapore interests me given there is no GST payable on investment gold, and there are no other restrictions as such buying in Sing Better off with silver but apparently (according to a mate from NY who buys physical) it can't be found now. Holding gold and silver is an insurance** against the coming banking apocalypse. NY mate reckons the price of physical is being artificially depressed by ETF manipulation. **Shotguns and beans also required. Not a paranoid prepper, just working on the principle of buy low and sell high hopefully...i have read gold could see a low USD 800 and that would be the time to buy and sit on it....even if it went to a modest 1200 still making a few bob on it...sitting on a heap of USD at the moment and need to do something with it |
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Post by Deleted on Sept 30, 2015 12:00:22 GMT 7
Better off with silver but apparently (according to a mate from NY who buys physical) it can't be found now. Holding gold and silver is an insurance** against the coming banking apocalypse. NY mate reckons the price of physical is being artificially depressed by ETF manipulation. **Shotguns and beans also required. Not a paranoid prepper, just working on the principle of buy low and sell high hopefully...i have read gold could see a low USD 800 and that would be the time to buy and sit on it....even if it went to a modest 1200 still making a few bob on it...sitting on a heap of USD at the moment and need to do something with it I think everything's topped out with QE and low interest rates. Houses, definitely. Art, needs lots of $$$ anyway. Markets, the China syndrome. Just go on a massive bender meanwhile wait for the crash. |
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Post by Fletchsmile on Sept 30, 2015 13:14:56 GMT 7
Yes could well have bottomed, but you never really know with gold.
Our gold exposure is mainly thru ETFs and mutual funds. Very convenient and you can just click and buy and sell whenever you want and have the funds in your account in a few days. No worries on storage costs, insurance and all that stuff either. I hold some in the hope it might be worth something when other stuff tanks.
I don't really see the point of holding physical gold in another country. You sometimes get gold bugs saying that when the sh*t really hits the fan "paper gold" will be worthless. But in that sort of Armageddon scenario, someone is also unlikely to be hopping on a plane to another country to go and collect in person at their leisure either. If you're living in Thailand and you're going to use it as currency in some way your average Thai would want Thai gold anyway. Also you take risks on whichever organisation holds it for you, even if very low probability anything would go wrong. So holding offshore physical gold makes little sense to me.
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Post by Deleted on Sept 30, 2015 13:28:10 GMT 7
I've realised that being a farmer in a village in Issan, you're a prepper by default.
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Post by Soutpeel on Sept 30, 2015 13:38:39 GMT 7
Yes could well have bottomed, but you never really know with gold. Our gold exposure is mainly thru ETFs and mutual funds. Very convenient and you can just click and buy and sell whenever you want and have the funds in your account in a few days. No worries on storage costs, insurance and all that stuff either. I hold some in the hope it might be worth something when other stuff tanks. I don't really see the point of holding physical gold in another country. You sometimes get gold bugs saying that when the sh*t really hits the fan "paper gold" will be worthless. But in that sort of Armageddon scenario, someone is also unlikely to be hopping on a plane to another country to go and collect in person at their leisure either. If you're living in Thailand and you're going to use it as currency in some way your average Thai would want Thai gold anyway. Also you take risks on whichever organisation holds it for you, even if very low probability anything would go wrong. So holding offshore physical gold makes little sense to me. I have purposely shyed away from paper gold over the years but when i came across the set up they are offering in Singapore gave me renewed interest in physical gold as you can buy and sell on line, they dont charge you for storage or the insurance if you set an account up with them before Jan 16 etc, no GST payable on investment gold either...i an not thinking of sinking massive amounts in physical gold maybe 50 to 100k USD and see what happens |
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Post by Soutpeel on Sept 30, 2015 13:40:31 GMT 7
I've realised that being a farmer in a village in Issan, you're a prepper by default. The sum total of my prepping activites in Thailand is always making sure there is enough cash on my credit card to buy air tickets out |
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Post by Deleted on Sept 30, 2015 13:51:12 GMT 7
I've realised that being a farmer in a village in Issan, you're a prepper by default. The sum total of my prepping activites in Thailand is always making sure there is enough cash on my credit card to buy air tickets out Good plan Stan! |
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Post by Deleted on Sept 30, 2015 14:45:56 GMT 7
In my opinion gold hasn't bottomed - I reckon it will go sub-$1000 and I reckon that $900 is on the cards.
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Post by Fletchsmile on Oct 1, 2015 13:12:16 GMT 7
Another factor work thinking about when considering gold is what currency(-ies) is(are) important to you and how you measure your money. For me I don't really care what my net worth is in USD. I always think THB or GBP as these are the currencies I have a natural use for and are important to me. For YTD gold has fallen by about 6% in USD terms, and that's the price movement many people think of. But at the same time THB has fallen vs USD by around 10%. Hence in THB terms gold is actually higher than start of the year. This is reflected in THB denominated mutual funds which we hold which are up about 3% this year after charges in THB terms. That's what's important to us as we live here, spend here and our net worth in THB terms is important. So with the Thai stock markets down -10% this year, it has been a nice to have a small bit of diversification that's up +3% Worth a thought or two what's important to you  |
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