General Reports

[TConor]

You wrote:

Lastly, about the issue of trust. I am tired of repeating myself about why I buy Thai Gold. I do not trust the fiat currency system. I do not trust the banking system.

In your mind walk through the scenario of how trade / barter would work without the fiat currency system. All the gold in the world is not going to work if everyone is not on the same page. Your dooms day mentality is a symptom of. Never mind, talk about waiting someone's time. I am the one waiting time on this ridiculous discussion.

And in case you missed it, check this out:

https://www.youtube.com/watch?v=j0Oz4P-NX84

The Technological Republic: Hard Power, Soft Belief, and the Future of the West.

By Alex Karp.

[SubCmdr]

Feb 4 (Reuters).

Gold prices regained an all-time high on Tuesday, driven by investors seeking the safe-haven asset after China retaliated with tariffs on the U.S. in response to President Donald Trump's tariffs.

Spot gold gained 1.1% to $2,844.56 per ounce as of 01:40 p.m. ET (1840 GMT), after hitting a record high of $2,845.14 earlier in the session.
A line chart titled "Spot gold price in USD per oz" that tracks the metric over time.
A line chart titled "Spot gold price in USD per oz" that tracks the metric over time.
U.S. gold futures settled 0.7% higher at $2,875.80.
"The tariff news came out like it did overnight; I think right now that's the main driver than any other thing and data that comes out today, (but) I think it's going to be overshadowed by the tariff news," said Bob Haberkorn, senior market strategist at RJO Futures.
"The dollar was strong going into the week here, but with a lower dollar, that also definitely helps the price of gold," Haberkorn said.
The dollar fell 0.9%, making gold less expensive for other currency holders.
China imposed tariffs on U.S. imports, swiftly responding to new U.S. duties, escalating the trade war between the world's top two economies even as Trump offered reprieves to Mexico and Canada.
The Trump administration's plans for trade tariffs come with inflation risks, three Fed officials warned on Monday, with one arguing that uncertainty over the outlook for prices calls for slower interest rate cuts than otherwise.
Data showed U.S. job openings in December fell to 7.6 million, falling short of the consensus estimate of 8 million, indicating potential economic slowdown.
Bullion is traditionally considered a hedge against both inflation and geopolitical uncertainty, but higher rates reduce the non-yielding asset's appeal.
Given the disruptive nature of the current U.S. administration creating market uncertainty, coupled with central banks possibly increasing gold purchases to diversify from U.S. dollar holdings, gold prices could reach $3,000 this year, said Jim Wyckoff, a senior market analyst at Kitco Metals.
Investors' focus now turns to the ADP employment report on Wednesday, the payrolls report on Friday, and speeches from several Fed officials.
Spot silver rose 2.5% to $32.33 per ounce. Platinum gained 0.4% to $967.94, and palladium fell 1.3% to $994.

I use Thai Gold as store of value here in Thailand!

NOT FINANCIAL ADVICE!

[SubCmdr]

Good NVDA trade and no need to document trades, what's the diff. It is what it is.

Actually there is. Only if to cause others to loose face. I gots people claiming I am lying on my flow, my stack, my trading ability and my dick. Serious accusations all. Done only by keyboard warriors who reside safely behind their computer screen.

I can't bring myself to buy any more NVDA except via a DRIP. I am in at $2. 62, lucky really.

You cannot bring yourself to buy Thai Gold either. I use Thai Gold as a store of value and I wear that shit on my fingers and around my neck and wrists. I can do that in Thailand as I feel perfect safe and don't have to worry about being jacked like I would in the Dominican Republic, Colombia or the United States of America.

Again if you think the USA is a shit hole why are you dealing in US $?

Lay out your country of origin and tell us why you operate in the various currencies that you do?

If you must know, I currently operate in DOP, COP, THB, MXN, $BTC, $LTC, $USDM, $USDT, $USDC and USD. A man has to know his limitations. I know mine. My father is dead. I think for myself. I answer to no man. This is especially the case when it comes to International Tricks. Do you want to talk finances or do you want to talk about me? This is the General Reports in the Thailand Country Thread. The original discussion was about Thai Gold. If you wish to pivot from that discussion (for whatever reason), if you want to talk about the United States of America there is a Thread called American Politics. Meet me over there and we can have whatever discussion THE ADMINISTRATOR allows.

Lastly, about the issue of trust. I am tired of repeating myself about why I buy Thai Gold. I do not trust the fiat currency system. I do not trust the banking system. So I think it is wise to hold a percentage of your assets outside of the traditional banking system. Those with access to high quality banking systems simply do not understand. They have been sitting in their comfortable countries growing fat and soft. They know nothing of the struggles of the Global South. They only know comfort.

I'm old, but I am hard! In real life, not behind a keyboard. Brought up in the school of hard knocks and have had to endure things that would have broken lesser men. Not afraid of death. But not seeking it either. I keep a go bag packed and ready. Why? Because you never know!

It takes money to be an International Trick. You need to create a flow, so you can build a stack, that way you can pay for your flights, hotels, food and everything else you need to engage in International Trickin activities. We even have people posting up in here that have never even been to Thailand. That is how interesting Thailand is compared to the places they reside. We should be proud of ourselves TConor. We have taken the conversation to an entirely different level. So much so others feel the need to get in on the action.

Ballin like a Thai Gold Pro!

[TConor]

Order filled this morning at 141.26. Going to make an another gold run to my favorite spot to buy in Thailand. Much to the chagrin of others. I will document my trade via photo. I have a friend who constantly reminds me that the internet never forgets. So, it will be right here for all who choose to to review it.

Let's check back in a year, shall we?

Good NVDA trade and no need to document trades, what's the diff. It is what it is. I can't bring myself to buy any more NVDA except via a DRIP. I am in at $2. 62, lucky really.

Again if you think the USA is a shit hole why are you dealing in US $?

[Oakie]

Order filled this morning at 141.26. Going to make an another gold run to my favorite spot to buy in Thailand. Much to the chagrin of others. I will document my trade via photo. I have a friend who constantly reminds me that the internet never forgets. So, it will be right here for all who choose to to review it.

Let's check back in a year, shall we?

The secret to success in the markets is simple. Buy low and sell high! Sell high, buy low!

Likewise, the secret to fucking hoes is to go cwhere they at, and bring money!

Suprising it gets so complicated in practice, LOL.

[SubCmdr]

When the news about Deep Seek came out NVDA stock price got knocked back to 116. I picked some up at 118. It has moved to 138 and I think it is time to take profits. I plan to use my original capital and the profits from that trade to buy Thai Gold. Not as investment. As a reserve asset.

Order filled this morning at 141.26. Going to make an another gold run to my favorite spot to buy in Thailand. Much to the chagrin of others. I will document my trade via photo. I have a friend who constantly reminds me that the internet never forgets. So, it will be right here for all who choose to to review it.

Let's check back in a year, shall we?

[SubCmdr]

I went into physically holding bullion late last June (2024). Certainly can not say that I am sorry. LOL Premium pricing has held steady while profit on paper has been gratifying to say the least..

Strong move! I only have praise for you brother. I have a very narrow use for Thai Gold. I have laid out below.

I see gold as a store of value. I take 70000 THB and buy gold with it in Thailand. If times get hard I can sell that gold and (depending upon the price of gold at the time of sale) and get more or less 70000 THB back. No exchange rate issues.

I am sharing my gold plan in Thailand. In fact, I have spoke with several Thai people who told me that is how they survived in Thailand during the down turn of tourism in Pattaya. They sold their accumulated gold they had purchased when times were good in order to get them through the lean times.

Those arguing with me who say they don't want to argue, completely miss my point of WHY Thai Gold works in my personal portfolio. I have no interest in the bigger picture because I am not trying to incorporate Thai Gold into my overall investment portfolio. This is an assumption made the the overly argumentative who have a strong anti gold bias. I don't see any value in pussy that costs more than 2000 THB. Others disagree with me. There is no way to argue about it. Because it is personal preference.

Here is what I know. If I need THB I can see my gold in the gold stores from it. It is a spurious argument at best that the Gold Stores are like casinos. House always wins. In that case the US Stock Market is the same way. Between the fees that are paid and collected by the market makers, the large institutions front running your trades etc. The house always wins. They treat you like a kid. You don't even hold your own stocks.

Purchasing gold is for men. I pay cash and the gold is in my hand. If the financial system breaks down, if you have your gold in small increments you will indeed be able to pay for it directly.

The old saw is, that the "intrinsic" value of one ounce of gold will currently buy a finely tailored man's suit of clothes. This seems to be the mean around which the price tends to trade, with wide swings in either direction. "The reversion to the mean" on the Bell Curve

This is all I am looking for from my Thai Gold holdings.

But since the argumentative want to do what they do best, I just bought Barrick Gold Mining Co. (they have two big mines in the Dominican Republic actually). Because gold stocks have not kept pace with the price of gold. The reversion to the mean on the Bell Curve. ROTFLMO! Got to love it when a plan comes together!

Ballin like Thai Gold Pro!

[TConor]

If an individual who said I would lose my shirt in Thai Gold cannot accept the results I have posted with my actually Thai Gold purchases (lets remember I consider it a reserve asset) then they simply cannot accept the facts. If gold is not an important reserve asset why do Central Banks around the world purchase it to back up their fiat currencies.

Central banks typically hold a variety of assets in their reserves to ensure economic stability and liquidity. The composition of these reserves can vary, but generally includes:

1. Foreign Currencies: The largest portion of central bank reserves is usually held in foreign currencies like the US dollar (USD), euro (EUR), and Japanese yen (JPY). These are highly liquid and widely accepted globally1.

2. Gold: Gold is a traditional reserve asset, valued for its stability and lack of credit risk.

3. Special Drawing Rights (SDRs): These are international reserve assets created by the International Monetary Fund (IMF) to supplement member countries' official reserves.

4. Securities: This includes government bonds and other highly rated securities from other countries.

5. Other Reserve Assets: This category can include financial derivatives, loans to nonbank nonresidents, and other assets.

The exact percentages can vary by country and over time, but foreign currencies and gold typically make up the largest shares of central bank reserves.

Country Percentage of Gold Reserves.

United States 77.3%.

Germany 69.1%.

Italy 64.7%.

France 60.8%.

United Kingdom 57.2%.

Japan 53.5%.

Canada 50.1%.

Going back to an earlier post 1st. What recession? The one predicted for the past 3 or 4 years? There will always be a future recession. That's called the business cycle.

Fact: Gold does not grow, pay interest, or dividends and in some way or another will costs to store (rented vault, safe deposit box, buying a home safe). And while it sits there waiting for the next greater fool to pay you more for it than you paid for it there is such a thing as opportunity cost to what the fiat currencies could be making.

Fact: The old saying is "A rising tide lifts all boats" and you have been lucky, period. If you don't want to admit it here at least look in the mirror. These gold shops don't stay in business losing money; thus, their customers can't be winners or the shops would be out of business. In the long run if you sit at the table long enough the house wins, the house always wins. That's why the buy / sell "odds" are what they are.

Out of curiosity what "deleted" hole country do you come from. I just know in most of the world I can't buy a bottle of beer with gold dust or if I used a Krugerrand – they'the have to give about $2900 in change- not going to happen. Gold will not reasonably let me buy most thing =a movie tickets, food, gas, pay my water or electric bill. Pay college tuition, pay my streaming bill, pay for my massage or air fare, car rental, buy a car. Hell the list is endless. It all looks good on paper – gold gold gold – but when the rubber hits the road without a financial system with fiat currencies your gold dust / bars are pretty worthless.

So, your theories about gold ownership parallels those of Bitcoin ownership. Why are you backing a dog in the race when for in the last 6 months Bitcoin "a store of value" some say is up nearly 400%?

Anyway good continued luck and next time you need dental work choose GOLD 555.

[SubCmdr]

When the news about Deep Seek came out NVDA stock price got knocked back to 116. I picked some up at 118. It has moved to 138 and I think it is time to take profits. I plan to use my original capital and the profits from that trade to buy Thai Gold. Not as investment. As a reserve asset.

I see gold as a store of value. I take 70000 THB and buy gold with it in Thailand. If times get hard I can sell that gold and (depending upon the price of gold at the time of sale) and get more or less 70000 THB back. No exchange rate issues.

Note I said from that trade. I still have plenty more NVDA to sell off. I started taking profits after I saw I had a return of over 1000% Currently accumulating AMD. I think the market is sleeping on that one. Also accumulating mining stocks! They pay good dividends.

Thai people use gold as a savings account. Gold shops are plentiful and allow you to buy and sell gold for fiat currency (THB) very easily. When in Thailand it often makes sense to do as the Thai people do.

[SubCmdr]

The issue is Thai Gold as a reserve asset in Thailand I am not debating all fiat returns in the stock market casino.

Unsure of why individuals do not understand my perspective. They are sitting on the deck of the Titanic rearranging the deck chairs. The United States of America is on the verge of kinetic civil war leading to a dictatorship. Those trusting in the current system better have a go/bug out bag packed. I know if I lived in the shit hole country known as the United States of America I would. Gold would be in that bag!

I can show my my AAPL, my NVDA, my MSTR, my GE, my GEV, my IDR, my UROY returns also. But that is not what I am talking about. I am talking about safe haven assets. I've learned that you cannot tell a grown man what to do with his money. But when my system works, I actually am not interested in telling him what to do. I am only open to showing others what has worked for me.

If an individual who said I would lose my shirt in Thai Gold cannot accept the results I have posted with my actually Thai Gold purchases (lets remember I consider it a reserve asset) then they simply cannot accept the facts. If gold is not an important reserve asset why do Central Banks around the world purchase it to back up their fiat currencies.

Ballin like Thai Gold Pro!

[TConor]

• Last 1 Year: The S&P 500 returned approximately 26.29%.

• Last 5 Years: The S&P 500 has an annualized return of around 15.39% over the past five years.

That's 15.39 x 5 = 76.95%.

• Last 1 Year: The price of gold increased by approximately 11.38%, with the current price around $2,923.16 per ounce.

• Last 5 Years: Over the past five years, gold has seen an average annual return of about 27.23%, with prices ranging from $1,301.46 to $2,874.66 per ounce.

Gold did out preform a very conservative investment. Yet if you invested in gold for 5 years you got ZERO interest, ZERO dividends, ZERO income from other way to leverage you stock investments like covered call. And you had to pay to store it.

In 2011 I sold all my "physical" gold ($1800/ oz) and bought other stocks and bonds. One stock was a gold mining stock RGLD, you can see it in my table below.

These are just some my actual holdings and not pie in the sky wishful investments.

Like religious fanatics I have learned gold buffs can never be converted. And by being only 50% converted would equal a little more diverse investor. I still don't know how buffs live on their investment without selling it off.

Today Then Diff Total Gain.

12 months GOOG 147 187 40 27%.

5 Years GOOG 67 187 120 179%.

12 months AMZN 170 228 58 34%.

5 Years AMZN 100 228 128 128%.

12 months AAPL 185 245 60 32%.

5 Years AAPL 74.31 245 170.69 230%.

12 months AXON 264 686 422 160%.

5 Years AXON 575 1058 483 84%.

12 months NLFX 575 1058 483 84%.

5 Years NLFX 369 1058 689 187%.

12 months S&P500 4976 6114 1138 23%.

5 Years S&P500 2954 6114 3160 107%.

12 months MELI 1721 2123 402 23%.

5 Years MELI 700 2123 1423 203%.

12 months CCJ 8. 74 47.29 38.55 441%.

5 Years CCJ 40.5 47.29 6. 79 17%.

12 months NVDA 74 138.48 64.48 87%.

5 Years NVDA 4. 52 138.48 133.96 2964%.

12 months COST 74 1071.76 997.76 1348%.

5 Years COST 256 1071.76 815.76 319%.

12 months RGLD 107 146.83 39.83 37%.

5 Years RGLD 104 146.83 42.83 41%.

2011-now 70 146.83 76.83 110%.

But not counting RGLD dividends my cost basis is.

$4. 38 after selling covered calls all this time.

GOLD One year 11%.

GOLD One year 27.23 x5 = 136%.

Sorry an excel spread sheet does not copy well.

[Oakie]

Additional article (take a look at the chart in the article with a historical comparison of gold against other assets during recessions):

https://goldsilver.com/industry-news...ld-and-silver/

Then we have this article that is saying current high prices of gold is a indicator that recession is coming.

https://fortune.com/2024/08/16/gold-...fed-rate-cuts/

I am current taking part of my profits in the financial markets and parking it in gold. As Warren Buffet says: I am less concerned with the return on my money than the return OF my money.

Ballin like a Thai Gold Pro!

Being serious here for a moment.

Gold is primarily a hedge against inflation.

It's had a good run due to the result of the high inflationary monitory policies the USA (and by extension, the world) has experienced over the last couple of years.

In the longer term view, a buy is a bet that high inflation will continue. A sell is a bet that the new USA Administration will be able to lower inflation.

The old saw is, that the "intrinsic" value of one ounce of gold will currently buy a finely tailored man's suit of clothes. This seems to be the mean around which the price tends to trade, with wide swings in either direction. "The reversion to the mean" on the Bell Curve.

Another indicator that generally correlates over the long term, is that a change in the trajectory in the Fed Funds rates is a signal to buy or sell. If it start going up, it's a *buy, if it starts going down, it's a *sell.

*This of course is only an indicator for the medium to longer term, and has no relationship to the wild swings of day or monthly trading. Nor does it anticipate unpredictable events like wars, peace. Oil embargos, revolutions and asteroid hits! LOL.

It's a jungle out there!

Good luck!

[Sam Sanuk]

Additional article (take a look at the chart in the article with a historical comparison of gold against other assets during recessions):

https://goldsilver.com/industry-news...ld-and-silver/

Then we have this article that is saying current high prices of gold is a indicator that recession is coming.

https://fortune.com/2024/08/16/gold-...fed-rate-cuts/

I am current taking part of my profits in the financial markets and parking it in gold. As Warren Buffet says: I am less concerned with the return on my money than the return OF my money.

Ballin like a Thai Gold Pro!

I went into physically holding bullion late last June (2024). Certainly can not say that I am sorry. LOL Premium pricing has held steady while profit on paper has been gratifying to say the least.

Sam.

[SubCmdr]

Gold prices tend to rise during recessions, as investors seek safe-haven assets to preserve their wealth and hedge against inflation and economic downturns.47*Historically, gold has outperformed the S&P 500 by an average of 37% in six of the last eight recessions.
During the Great Recession of 2008,*gold initially declined with the broader stock market but rebounded and ended the year up 5.5%, rising more than 25% over the total 18-month stock market selloff.8*In the 1970s, gold rose 2,328% from its low in 1970 to the 1980 peak, while the S&P 500 was flat for the decade.

Additional article (take a look at the chart in the article with a historical comparison of gold against other assets during recessions):

https://goldsilver.com/industry-news...ld-and-silver/

Then we have this article that is saying current high prices of gold is a indicator that recession is coming.

https://fortune.com/2024/08/16/gold-...fed-rate-cuts/

I AM the authority on Thai Gold up in this thread. I AM the only one that has written about it extensively since I got here. but once again with Thai Gold it is the gold spot price set by the market that determines value, not someone's memories or opinions.

I am current taking part of my profits in the financial markets and parking it in gold. As Warren Buffet says: I am less concerned with the return on my money than the return OF my money.

Ballin like a Thai Gold Pro!

[SubCmdr]

Was in the gold shop. Sell 46850 Buy 46750 a Baht

Anyone remember when I said I saw gold as a store of value. That Thai people use gold as a savings account?

Thai people use gold as a savings account. Gold shops are plentiful and allow you to buy and sell gold for fiat currency (THB) very easily. When in Thailand it often makes sense to do as the Thai people do.

On 11/09/23 I wrote this:

I see gold as a store of value. I take 70000 THB and buy gold with it in Thailand. If times get hard I can sell that gold and (depending upon the price of gold at the time of sale) and get more or less 70000 THB back. No exchange rate issues.

I was on the street today and saw: Sell 32700 Buy 32600 a Bhat.

46750 - 32700 = 14,050/ Baht increase. Let's do a little trader math: +42.97% in 15 months. There are those who have challenged me on the entire gold issue:

I am just trying to let those who may not have your insight and experience know the score. And you'll loose your shirt trying to trade gold in Thailand. 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. Good luck with that plan.

Not going to say that I am smarter than this person But he has to look at the returns and ask himself why he wrote what he wrote.

Not only did I NOT lose my shirt. I could take the profits from my gold purchases when the above exchange happened and have one custom tailored for me and still have enough left over for a nice night out on the town. I welcome his response.

Ballin like Thai Gold Pro!