Customs and immigration wait time?
I am coming from US and will be arriving in Bangkok on a weekday afternoon.
What's the wait looks like for customs?
My reply to a 1%er who does not understand Thai Gold
Yet again I find myself explaining Thai Gold to mother fuck from the DisUnited States of America where POTUS is making it great for certain people again! If you don't understand [U]Thai Gold[/U] don't speak on it. It really that simple.
The post you quote was dealing with a Elliot Wave analysis of the gold chart futures. Actually represents an excellent trading opportunity. Futures Trading must not be in your wheel house. When you are in the batters box and the count is not 3 balls 2 strikes You should take a fastball that not in your power zone. This applies to all post that I put up about Gold Futures or buying Thai Gold spot.
Main idea that gold is going to lose value is based in an assumption that governments around the world are suddenly going to stop printing their fiat currency (devaluing it in the process). You are assuming that around the world inflation will end. Two assumptions I don't buy into.
[U]Russia is going to dump their gold onto the market and crash it[/U] Are you serious my ISG Brother? A central bank is going to trade a commodity that held value in the human race for over 5000+ years for what? More paper that they can print themselves? No, they might trade it for commodities (like oil) that they can trade. But why would they do that. They can print as much currency as they need and use it to purchase USD and then buy their gold with it.
If I am buying gold as a store of value and to adorn myself with it to show that the only chains on me these days are gold chains, my primary drive for making my purchases is not price appreciation.
[QUOTE=JjBee62;2987336]You use the local currency to purchase things of value. Not a lot of bar girls or street hookers are setup to accept crypto or gold.[/QUOTE]Another statement that shows how poorly many individual who are just visitors understand Thai Culture.
[U]Explanation of Purpose Gold Serves in Thailand[/U]
During my last trip to a Thai Gold store I observed the following:
Massage girl came into the store and sold a small ring. The massage girl handed the lady working in the gold store the ring and said she wanted to sell. The lady working in the gold store weighed it and got cash (The local currency in Thailand is Thai Baht. THB). Cash was paid on the spot. The entire transaction occurred in less than 5 minutes. And there was 6 gold shops within walking distance of the one I was in. Here the lesson ends for the day. But I will continue to teach the lesson over and over again until those who currently do not understand gain enlightenment.
Right now 3. 8 grams of [U]Thai Gold[/U] gets you 12300 - 12500 THB if you were sell it. You can buy gold bars that are packaged and have the weight stamped on them. I am waiting for a post from a [B]International Trick[/B] in here where they tell us they offered a Thai girl [U]Thai Gold[/U] and they refused and asked for THB instead.
If you actually come to Pattaya, I'll take anyone who asks to a gold store so you can have a IRL experience. It may help you understand better. The core of many posts about [U]Thai Gold[/U] that I read, goes to my main point that individuals drag their western ideas half way around the world and try to apply them to [U]Thailand[/U]. It does not serve them well.
[QUOTE]Once upon a time, all of us was in chains
Homie still doubled down callin' us some slaves
Atlanta was the Mecca, buildin' railroads and trains
Bear with me for a second, let me put y'all on game
The settlers was usin' townfolk to make 'em richer
Fast-forward, 2024, you got the same agenda!
[b] They not like us! They not like us! They not like us![/b][/QUOTE]
Inflation drives down the value of fiat currency each and every year you hold it
In the next recession in the DisUnited States of America we will witness the GDP growth stall and inflation continue upwards due to the increased costs of the inputs used to produce consumer goods being passed on to the consumer in the DisUnited States of America.
I would rather hold [U]Thai Gold[/U] as a reserve than fiat currency.
But the absolute best thing to hold will be a property that is not in my name where I can live and raise food in Thailand. I'll sell ALL of my [U]Thai Gold[/U] to make that happen.
[B]ROTFLMAO![/B]