I set up an American fixed dollar account at one of the larger Thai banks when the Baht was at about 39 to the dollar. Needless to say, I've lost some hard earned money. I am very concerned about losing a lot more as I'm becoming extremely worried about financial institutions worldwide. Should I dump this savings account, making about 4 percent interest per annum, and buy gold? Every financial move I've made in the past has come back to bite me in the ass!
Buy gold now?
That would come back to bite you in the ass.
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―
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not even if it drops under 800?
"Having sex is like playing bridge. If you don't have a good partner, you'd better have a good hand."
- Woody Allen
Buy girls
then u dun mind if they cum bak 2 bite u in da ass
Git outa $US either way
Last edited by 8ball; 30th September 2008 at 13:12. Reason: Automerged Doublepost
I-never-dun-a-ting-rong-in-me-life-m8
Lots of money has moved out of stocks and into safer havens ie GOLD - it may move straight out again if the stock market gets the much vaunted bailout they're expecting. I'd be a bit careful with gold right now.....if you check out the gold price movement over the last few months, you'll see its a pretty volatile market.
Gold Price History
Dont ask teachers how to manage money.
Too long in Exile, too long not singing my song.
Too long like a rolling stone, Too long in exile
Too long in Exile, baby you just arent my friend.
Too long in Exile my friend, Baby you can never go home again.
We don't earn enough...
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If you're in it for the long term, e.g. do not check the price of Gold on a daily basis, it's not a bad play. However you should really look into Silver. There is a serious shortage of Silver, both above and below ground, and it has many industrial uses. I think Silver is the best investment out there right now. Do your own homework first of course. Take some of what you read here with salt but this it's an OK place to start your research:
https://www.kitcomm.com/forumdisplay.php?f=8
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I have 5,000 dollars worth of American coins for the silver value in the states. Left over from the Hunt run up. You want them?
Bought numismatically not just saved and kept. I bought them as an investment.
I advocate buying for bullion value only. I wouldn't know where to begin assessing numismatic value.
Some are switching to gold, simply because they're worried about keeping large sums of money in the bank. Unless, you've got millions and millions, I wouldn't worry about it. As an investment, like said before, if we are at the bottom of a bear rally, unlikely but showing possibility, then gold could suffer, as oil has. I know there are too many commas in that sentence. People will pull their money out and put it back into stocks. Gold, however, is the only real money that exist in the world. Has been for the last couple of thousand years, and will continue to be so. In times of panic, it's a safe haven.
As an investment, I would say there are better oppurtunities out there.
Say I bought 20,000 B in Gold in Thailand, then 6 months down the line sold it back to the shop, how much money would I get back?
3 mil
We kept waiting
Still nothing changes
It's a shame
Which Thai bank do you have the account with. In all honesty I have never heard of a dollar account in a Thai bank. I used to have a account at BofA but closed it as I was getting 1.5percent here.Originally Posted by Whatever
How did you open the account? I could not open mine with cash, only with a check or draft from abroad.
Maybe I wasn't clear, I walk into a old shop with 20 grand on the hip, buy some gold rings chains ect.. then 6 months, one year down the line I sell it back to the shop what money would I get back for the gold??
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