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Why Thailand is No Longer Selling Physical Gold Bars?

 
Dogma!
User ID: 83306519
Thailand
05/21/2022 07:29 AM
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Why Thailand is No Longer Selling Physical Gold Bars?
I have been buying physical gold in Thailand for a few years. The last week they are all out of 20g gold bars. The only option is <=1g or 1KG, what the fuck is going on?

We contacted the one of the largest retail suppliers in Thailand. They have shut down all there shops, only option is to visit HQ Mon-Fri and they are no longer selling on their website.

We are struggling to find anyone selling more than 1g.

What's up with that?
Mr. Janet Yellen

User ID: 79508125
United States
05/21/2022 07:54 AM
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Re: Why Thailand is No Longer Selling Physical Gold Bars?
That’s interesting, please provide updates. Is it possible to bring gold across the border from Cambodia, Laos or Myanmar? Does Thailand impose any taxes when bringing gold into the country? I wouldn’t mind living in Northern Thailand. Beautiful country, nice people, great food and motorcycling.
Anonymous Coward
User ID: 83101166
Canada
05/21/2022 07:56 AM
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Re: Why Thailand is No Longer Selling Physical Gold Bars?
That’s interesting, please provide updates. Is it possible to bring gold across the border from Cambodia, Laos or Myanmar? Does Thailand impose any taxes when bringing gold into the country? I wouldn’t mind living in Northern Thailand. Beautiful country, nice people, great food and motorcycling.
 Quoting: Mr. Janet Yellen


No, but Bitcoin is borderless and much more scarce.
hasan

User ID: 80156846
Israel
05/21/2022 08:03 AM

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Re: Why Thailand is No Longer Selling Physical Gold Bars?
I have been buying physical gold in Thailand for a few years. The last week they are all out of 20g gold bars. The only option is <=1g or 1KG, what the fuck is going on?

We contacted the one of the largest retail suppliers in Thailand. They have shut down all there shops, only option is to visit HQ Mon-Fri and they are no longer selling on their website.

We are struggling to find anyone selling more than 1g.

What's up with that?
 Quoting: Dogma! 83306519


Just about the same scenario in Turkey with BUYERS going out and spending all their accumulated Turkish Lira, Dollars, Pounds, and Euro's on a guarantee of having real money in-hand for the coming BAD TIMES. Although the normal Gold content is 22 Karat, Jewelers are reporting the stock in hand is anything from 14, 16, 18 21, up to 22 Karat but that sneaky folks are debasing the coins that normally are available. Pure Gold at 24 K is like totally unavailable, and about the only thing left is 1 gram pieces.
hasan
mondali2

User ID: 83289809
Thailand
05/21/2022 08:05 AM
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Re: Why Thailand is No Longer Selling Physical Gold Bars?
I just bought two 1 baht bars about a week ago. no problem. i will check on monday and get back to you

A baht of gold in thailand is 15.244 grams of 96.5 percent gold. Best way to buy and sell in thailand.

Never have seen a 20gram bar of 999 in thailand. But plenty of the 96.5

Last Edited by mondali2 on 05/21/2022 08:20 AM
mondali2
Anonymous Coward
User ID: 83341910
India
05/21/2022 08:06 AM
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Re: Why Thailand is No Longer Selling Physical Gold Bars?
That’s interesting, please provide updates. Is it possible to bring gold across the border from Cambodia, Laos or Myanmar? Does Thailand impose any taxes when bringing gold into the country? I wouldn’t mind living in Northern Thailand. Beautiful country, nice people, great food and motorcycling.
 Quoting: Mr. Janet Yellen


No, but Bitcoin is borderless and much more scarce.
 Quoting: Anonymous Coward 83101166


Translation: I'm not going to answer your question, but I'm going to answer a totally different question you didn't ask like a total jackass.
Dogma! (OP)
User ID: 83306519
Thailand
05/21/2022 08:39 AM
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Re: Why Thailand is No Longer Selling Physical Gold Bars?
I just bought two 1 baht bars about a week ago. no problem. i will check on monday and get back to you

A baht of gold in thailand is 15.244 grams of 96.5 percent gold. Best way to buy and sell in thailand.

Never have seen a 20gram bar of 999 in thailand. But plenty of the 96.5
 Quoting: mondali2


Thanks, I buy 99.9% but certainly open for buying 96.5. Where did you buy?

YLG Precious doesn't even have 96.5 bars larger than 1g for sale.

They keep saying because of the situation, but fail to elaborate.





GLP