Things a newbie knows that OG Vets do not!
[QUOTE=Explorer8939;3005473]I don't know how to do a QR scan from my phone if the QR code is on a photo in my phone. I always have to scan a QR code off the lady's phone. Or use a photo of her bank account information to enter manually.[/QUOTE]When I order from Lazada or make any other online payment (hotels and other things), the vendor has a provision to save the QR payment code. It is stored in a picture format. When I goto my Bank App. Scan-to-pay offers the Gallery Function. It pulls up the photo of the QR Payment code and reads it for me.
Like [U]Office Depot[/U] says:
[B]That was easy![/B]
[QUOTE=Allover;3000611]You weren't there 25 years ago. [b]You just got there and know nothing[/b]. Would somebody please post the baht bus route for Beach and Second Road? This dumbfuck doesn't understand it. He had to buy a motorbike to pick up his Beach Road and Soi 6 uglies and get around town. He can't figure out the circular bus routes.[/QUOTE]Now can someone explain why I know this and [B]Exporer8939[/B] who has been going to Thailand for a much longer period of time than I have does not?
TConor, Thai Gold and QR Codes
[B]TConor[/B], have you ever used Gold as currency when making financial transactions other than to buy and sell [U]Thai Gold[/U] like I do?
[QUOTE=TConor;3004895]Have you ever had a bill for say 98 baht and gave the teller 100 and 3 one baht coins to get rid of the in exchange for you 5 baht change? The tellers don't know waht the hell you are thinking. They can't make change, can't calculate in their heads. Do you really think the balance their bank accounts when using all these QR codes?
Historically which country has had a better economy? Better respected currency? Thailand or Japan? Try this on:
In Japan, cash remains a significant part of daily transactions, despite the rise of cashless payments. As of 2024, approximately 20% of all transactions were still conducted in cash. While digital payments have gained popularity, many small businesses, traditional markets, and rural areas still prefer cash transactions.
Japan has historically been known for its preference for physical currency.[/QUOTE]
Sold all my junk gold when I moved here.
[QUOTE=SubCmdr;3005862][B]TConor[/B], have you ever used Gold as currency when making financial transactions other than to buy and sell [U]Thai Gold[/U] like I do?[/QUOTE]Not real Jewelry – as gold jewelry is bought as "art" and sold back as a commodity". I invested in gold stocks that trade covered calls. This strategy allows my gold holdings to not only fluctuate in value alongside the price of gold but also generate a steady income stream. Unlike physical gold, which incurs storage costs and lacks income potential, gold stocks provide multiple financial advantages. Holding a million dollars in gold earns nothing—it only gains value if the price increases and may even require additional storage expenses. Conversely, gold stocks appreciate with gold prices without custodial fees, while also offering quarterly cash returns through dividends and covered call premiums.
The tennis match between us about Thai Gold
[QUOTE=TConor;2984008]Again if you think the USA is a shit hole why are you dealing in US $?[/QUOTE]USD is the world reserve currency. I am a [B]International Trick[/B]! Even pussy is paid for internationally with USD and here in Thailand by converting them to Thai Baht. USA got problems brother! We can get into them over in the [B]American Politics[/B] thread if you would like.
You actually live in Thailand and you don't understand [U]Thai Gold[/U].
[QUOTE=TConor;3006006]Not real Jewelry as gold jewelry is bought as "art" and sold back as a commodity".[/QUOTE]Sounds like you are talking about gold where ever you are happen to be at. [U]Thai Gold[/U] is a very different. The premium on Thai Gold is very low. Throughout the world it on average 5%. Thai Gold has a premium on average of 1%. The price you pay for workmanship for [U]Thai Gold[/U] is very low.
You don't know this because you have blinders on because of your investment preferences. Have you even been in a [U]Thai Gold[/U] shop to see if you assertions about it is true?
The only reason I don't actually wear extensive gold jewelry any more is because it has appreciated so much that a 2 Baht gold chain is a tempting target and it is my personal philosophy to [B]protect my neck[/B]!
[QUOTE=TConor;3006006]I invested in gold stocks that trade covered calls. This strategy allows my gold holdings to not only fluctuate in value alongside the price of gold but also generate a steady income stream. [/QUOTE]The problem I have with your personal investment strategy is that Gold Stocks have not kept up in appreciation with the actual metal. Gold Mining is expensive, difficult and capital intensive. Yes, I know. I own gold stocks. I look for capital appreciation. I personally don't need income. My dividend paying stocks are for my heirs. Only so much money is needed to pay for prostitutes and I actually live a rather modest lifestyle other than ballin [B]Like a mother fuckin pro[/B] on occasion.
[QUOTE=TConor;3006006]Unlike physical gold, which incurs storage costs and lacks income potential, gold stocks provide multiple financial advantages.[/QUOTE]Gold has been used as hedge on inflation and bad government monetary policies for 5000 years. The payback I receive is capital appreciation that is not taxed until I realize the gains.
[B]Didn't you write this:[/B]
[QUOTE=TConor;2867019][b]And you'll loose your shirt trying to trade gold in Thailand.[/b] The US primarily 10 and 18 karat gold. Most gold shops in Thailand are selling 23 karat gold 1. This is equivalent to 96.5% pure gold, which is considered very high by international standards. They will fuck you coming and going with exchange rates, karat differences and grams to ounces conversions. [b]Good luck with that plan[/b].[/QUOTE]Thai Gold: 52750/baht.
I sold some gold for the first time ever. It is a easy process. I took my gold to my favorite gold store. They examined it. They weighed it. They calculated the amount I should be paid and they paid me in cash.
How did that trade go?
Lets do some trader math.
I bought at 32700/ baht.
I sold at 52650/ baht.
52650 - 32700 = 19,950/ baht increase.
[U]That is a [b]61.01%[/b] increase![/U]
No applause or apologies necessary. I will provide assistance to anyone who needs help finding face. [B]ROTFLMAO[/B].
[QUOTE=TConor;3006006] Holding a million dollars in gold earns nothing it only gains value if the price increases and may even require additional storage expenses. Conversely, gold stocks appreciate with gold prices without custodial fees, while also offering quarterly cash returns through dividends and covered call premiums.[/QUOTE]I don't hold millions of dollars of anything except land. Land like Gold does not offer any income. Unless you do what I do and put a business on it that generates cash flow for the time period that hold it for appreciation.
Storage fees for gold are easily covered through capital appreciation. Capital appreciation is not taxed until realized. Dividends and covered call premiums are taxed in the year they are received. The price of Gold stocks have NOT kept up with the price appreciation of the metal.
[B]I have face[/B] I picked some up at the market on Soi Buakhao and I'm willing to give it to you because appears that you need it and that is the type of person I am.
[B]ROTFLMAO![/B]
[QUOTE]A reclusive Chinese billionaire whose prescient gold trades turned into an eye-catching windfall has now become the countrys biggest copper bull, amassing a bet worth nearly $1 billion in a market jolted by escalating competition between the US and China.
[u]Bian Ximing[/u], who made an early fortune in plastic tubes before seeking a quiet life in Gibraltar, has made waves over the last two years with his investment in Chinese gold futures, betting on what he argued would be a global effort to reduce reliance on the dollar and counter inflation worries. His fund came in just as bullion was beginning a record-breaking ascent and made roughly $1.5 billion in profit in the process, according to*Bloomberg*calculations.[/QUOTE][URL]https://www.mining.com/web/chinese-trader-who-made-1-5-billion-on-gold-builds-a-giant-bet-on-copper/[/URL]
Your thoughts?
[B]I believe in investing in the physical metal. For income, I trade Gold (and other futures contracts).[/B]
Your serve Mr. TConor!
