Valentines Gold, some of the ins and outs of buying Gold in Thailand
ฝัง
- เผยแพร่เมื่อ 11 ก.พ. 2022
- If you have a significant other, and want to make sure you get the right thing at the gold shop, this is for you
Note a baht of Nugget is slightly heavier 15.244g than a baht of jewelry 15.16g.
Happy Valentines Day, wherever you are
#Pattaya #Gold #ShoppinginPattaya
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i love your vlog can you vlog again the heavier necklace jewelry and rings thank you so much
David thank you for doing the video on gold. I asked on the other channel. Was very informative 👌
Very welcome lux's, I put some additional information in the description as their is also a slight weight difference between a baht of jewelry and a baht of ingot. 👃👃
Great advice David!
It covers the majority of issues Craven, for bigger purchases there is additional info required 🙏🙏
Very interesting.
Interesting video, addressed a question I've had for awhile.
I probably could have made it another 20 minutes longer, but as a starting point it is fine 🙏🙏
Very interesting video +1 👍.
No more drinks for the rest of the month for me 😜😜
As someone who's bought a fair amount of gold in Thailand for partners I found it particularly interesting. I've never heard of buying gold bars and my gf wants a (belated) ring for valentines. As you pointed out the ladies rarely wear jewellery out anyway as it has a risk element and can easily be lost if they party too much! It's really just a trophy to show off to their mates on social media sites. I will run the gold bars idea by her but I just can't see her "buying it" unfortunately 555.
Get her to compare the resale cost of a 1 baht necklace or bracelet with one of the blocks, directly with the shop. It saves you and makes more for her. Win win 👍
More gold vlogs thanks
Looks like a nice bar.
I am sure your honey liked it.
She loves it, it is her little pension pot 👃👃
Hey David.. (just found your Living in Pattaya channel) We all have different situations, budgets and partners. Coming to Thailand, I won't be buying gold.. certainly not for me.. probably not for anyone. I'm not exactly a minimalist but close. Maybe someday I'll have a Thai wife. I'll try to spoil her with love, kindness, affection.. I'll make sure she feels adored.. and before we are married, I'll make sure she understand my belief I that gold and material things are just something that can be stolen or lost. Vacations, memories, a motor bike, night out dancing or watching live bands, taking her to festivals, cinema.. that's my version of giving gold. haha
** If I marry.. the story or situation may change "A wee bit". Now only a Navy pension, 7 years until my 2nd pension kicks in at age 62.
We're all different Curtis, I look at this type of thing as Nongs pension for the future. Memories we make every day. Her day off today, so in Cobra playing pool together 👃👃
Good luck with that mate, you'll only offend a Thai woman, especially if she's from Isaan. It's their Tradition, and ya don't fuck with Tradition
👍👍
Peter 👃👃
Good video I am interested in some gold especially if I was retired there 👍
Yes many prefer it to holding cash. Interest rates are abysmal here, although with gold the price can go up and down 👃👃
I think we may be heading into another economic "pain in the A$$" period very soon. Cost of living going up, interest rates going up, inflation going up. Not sure how you fund your retirement in Pattaya but you should have your cautious radar turned on now for sure.
Thank you for this David, A concise guide for buying Thai gold in Pattaya. I wonder can you bargain with them or is. it simply their price is the price? Cheers!
Hi Rusty, the price is the price for the weight of gold, where you can haggle is on the price they charge for the work. I walked round 15 shops near Tukcom, looking to buy just a large block. The gold price was consistent, the work price per baht ranged from 100 to nearly 500 per baht. This is not jewellery though, just investment gold. But I'm sure each shop would have a similar range (percentage wise) on jewelry 🙏🙏
Thanks again David and I do enjoy your other videos too. Cheers!
Good buying gold,when we soon go back to the gold standard,it will rocket
For sure Lee 🙏🙏
Hi Dave watched your video, great! Could you assist me or guide me through the process of buying a necklace for myself and have it sent to OZ which is where I now live!
Would face book be the safest way to communicate?
Cheers
Yes very interesting David. I saw Ridezforkicks do a blog on gold shops but I don't think he mentioned anything about paying premiums on top. What's wrong with a night at the pictures and a fish supper whilst waiting for the bus at the bus stop ? Life was simpler in the 70s and 80s
Aye those were the days, maybe a pickled onion is she's been good😁😁
My wife and I DID the pictures then fish and chips in the 70s and 80s before we got married.... no chippies in France and I have to cook. 😁👍
Sounds an expensive night out when the only bars are made of gold 😰.
@@andrewrobinson2565 she's worth it, just been breathalysed on Thapraya, they were disappointed, only 22 when limit is 50
@@DavidAndNong Bravo 👍.
Can you buy or sell government minted coins in the Pattaya Gold shops 🤔 (Britainnia, Maple, Kangaroo, American Eagle, Kruggerands etc)
They only deal favourably with normal Thai gold. There are probably specialist shops, but I would tend to do in your home country 👃👃
Hi David. I found that you can buy a 5 baht gold bar much cheaper than buying 5 x 1 baht bars. You pay a small commision above the price quoted outside the shops.
For 1 baht bar the commision was 250-300 per gold bar but we found a gold shop only charging 350 commision in Big C Extra for a 5 baht gold bar which is a saving of 1k when you buy.
For sure Harry, if you buy from Ausuris they don't charge any block charge on 5 baht block. But they are in Bangkok 👌👌
@@DavidAndNong David did you know that there is an Aurora gold shop in Pattaya, Big C Extra, Pattaya Klang, first floor. You can buy a 5 baht gold bar there without having to go to Bangkok.
5Baht bars shouldn't be charging a Service Fee lol. Pretty sure you just paid "Farang Price" lmao
David, what camera are you using my friend?
DJI pocket 2
Staying in for naked dinner 🍽 (only jewellery), champagne, tiger prawns then creamy paprika chicken with rice, then rum baba. 😋😋 (edit: THAT'S valentine's gold in our house.)
Rhum babas, now that reminds me of Au Bon Coin, but the rest of your dinner sounds good also 👃👃
I’ve a friend retired in Thailand been buying gold blocks for quite a few years and made a nice profit. At the end of the day it’s just another gamble. Some you win, some you lose. Most of the women want it for show so as you say you end up wasting money buying jewellery.
Yes, a gamble for sure, but fairly low risk. Nong has a mix of jewellery and nuggets, but as an investment the nuggets are by far the better choice 👃👃
Hi thanks for vid , I did some adding 29700 THB and came up with 785.30 US is this correct???
Yes that would be about right, the price rose fairly quickly after the video (about 31000) and Nong sold up....then it dropped and she bought in again. Currently it is at 29500 so she is considering buying some more 🙏🙏
@@DavidAndNong For such a small piece of gold, I would have thought it would be cheaper in that region. Smh we'll thank you so much for you're responding. I like your channel and your wife brings a side of beauty to you, one might never expect.. LOL take care....
Do you have to pay VAT % on a Thai necklace if so how much % is it?
No VAT on top just the gold value, you may have a work cost, say 100 to 200 for a 1 baht ingot, for jewelry that jumps up to around 1500 depending on the complexity of the design 🙏🙏
I didn't see which one you bought...the Chinese or the(I didn't catch what it was) .....??
Lol I can't remember Dave, whichever one NN sold it 6 weeks after for a profit, then bought a further 5 baht about 3 months after, at the same price I bought back in February. 🙏🙏
Good investment new subscriber here can you vlog again the yaowarat gold shop buying jewelry from lighter weight to heavier weight like necklace ring and bracelet thank you so much
Hi Cesar, the gold price is just pro rata. So if it's 31000 for 1baht then a half baht is 15,500 on top you have the price to make the jewelry, which varies from shop to shop. When selling you lose the manufacturing cost, so would be selling say a 1/2 baht ring. Generally you should be looking at 95% of the lower price on the window. So selling a half baht ring with gold buy price of 31,000 per baht, would be 30900 x 0.5 X 95% =14,677 but most shops will try to cheat you on the 95% 👃👃
If you buy gold in Thailand to take home be warned that due to its high purity it’s soft and any tug on a chain or bracelet and it’s broken. You might not be able to cash it in in your home country.
Also gold bars can be faked on the inside and shops may not buy it back.
Very true Mark, UK gold is almost worthless here and vice versa. The gold bracelets around a baht are strong enough, and long necklaces around 2 baht are ok also. I'm sure there are some scams with fake gold, but personally I haven't seen or heard of it 🙏🙏
Not being able to cash it in because it’s broken, that’s ridiculous! I live in a medium sized city in Sweden and every(almost) jeweler buys any gold, broken or not. They pay for the metal and Karat and not how it looks.
So it’s roughly 29,000 15.20 grams for a chain ?
Not really, the price on the window is the purchase price for one baht of gold. On top of this is the bar cost, normally one or two hundred baht. If you buy a chain or bracelet there is a manufacturer cost, also jewelry comes in many different weights. Since that video gold went up to 31,000 baht, then dropped to 29,850 today. Expect to pay between 600 to 1000 baht for the work to make jewelry. When you sell jewelry you also get 5,% less as it needs to be reworked. 🙏🙏 But your weight is about right.
@@DavidAndNong I’m also assuming it’s cheaper to buy in Asia since the prices and labour costs are cheaper then NA?
S&P 500 is a much better buy at the moment for long term investments,you don't get dividends on gold
Are Dividends better or worse than smartie points 😂😂
S and P is going down for last 60 days while gold is up off of 1775 to 1920 today.
Lessons learned- spread your assets around.
Plus this bar is for his honey.
Really does not matter the price- it will pay dividend for quite some time.
@@DaveEPie The s&p overtime will always win,NOW and the next few monts is the time to buy
Gold has gone up, will always trend up, and will never fall far enough to be a bad investment unless you're a get rich quick sucker
Gold is savings not an investment. And you should always have a diversified portfolio and that’s where gold has its place.
What carat do they sell? 14k 18k 22k?
Usually 23k is the norm 🙏🙏
23k all the way. 24k is hard to come by because the middleman still wants his cut lol
What about trading .9999?
Thais love physical assets, remember when you were young, if someone put money in your account it was nowhere as nice as a crisp note inside a card. Thailand is all about show, face and respect. As a side note she has made 4% in the last two weeks and on some of her older purchases much more. She's a happy girl 👃👃
I mean .9999 gold rather than .965 gold. How is .9999 gold priced in the Thai gold shops?
Unsure Steve, I will try to find out
Thanks, and great video. Nice work.
Ok happy, this company trades .9999 gold www.ausiris.co.th/content/index/goldprice.html