Buying silver bars/bullion

[jvt22222]

I know about buying gold bars in Thailand and have done so, but I have never heard of anybody buying silver bars ........ does anybody have any information as to the possibility of buying silver in bar/bullion format in Thailand??

Thanks.

Probaly thaivisa.com would be the best information forum on this jv,however I am interested in how you go about buying gold bars.
Could you give some information on what the process is?

[Diec]

I am also interested in buying gold bars in Thailand, please do share any information you have about buying gold bars in Thailand. If someone has any information about silver bars being purchased in Thailand that will be helpful as well but I'm more interested in gold bars. Any info jvt22222y? I mean since you are so familiar with it.

[mahjongguy]

I hope the OP gets an answer to his question regarding silver. As for gold, there is little to say. You go to one of the biggest shops in Chinatown, you buy it, you get a receipt that promises they will buy it back for the full rate of the (future) day. That's it, although you should note that you cannot just put it in your suitcase and take it out of the country. Nor can you safely keep much of it on hand. So what are you gonna do with it?

I am curious to know why the rush to buy silver when it has gone from 49 to 34 $/oz in a little over a week. That's a 30% drop.

[newalaan]

I am curious to know why the rush to buy silver when it has gone from 49 to 34 $/oz in a little over a week. That's a 30% drop.This may seem a very far-fetched idea to you 'Once In Awhile', but if you buy a commodity or indeed, shares or property when the price is low, you can take advantage of the profit when it increases from it's low level back to high. I know.........absurd isn't it?

Of course you could stand around pondering this curious phenomenon until the price goes back up and buy then.

Were you just born a bitch dear?

you can take advantage of the profit when it increases from it's low level back to high
Richard Ross, Global Technical Strategist at Auerbach Grayson, disagrees.
тАЬWe saw anecdotal signs of a rationalization and a justification for owning silver that is emblematic of previous manias,тАЭ he says. тАЬUnless youтАЩre jeweler or a dentist, take silver off of your screen, the easy money has been made on the way upтАж.youтАЩre looking at a choppy sideways mess thatтАЩs going to eat you up if youтАЩre not the most nimble trader.тАЭ

By all means petal, invest away. If I were you I would plunge my entire life savings into such a sure thing. After all you so clearly know more than everyone else.

[GWMinUS]

AHHHHHH
Had I only bought gold when it was US$300 per ounce...
As my BF says, Hadah Wouldah.
Life is like that!!!
Cheers!!
GWM

I find it difficult to reconcile this discussion on buying gold bars with the regular postings that bitch about 150B ATM fees and where to get a breakfast for 75B or a beer for 80B.

I do realise that many SGT member live in a fantasy world but you can take things too far.

:evil4:

[ikarus]

I hope the OP gets an answer to his question regarding silver. As for gold, there is little to say. You go to one of the biggest shops in Chinatown, you buy it, you get a receipt that promises they will buy it back for the full rate of the (future) day. That's it, although you should note that you cannot just put it in your suitcase and take it out of the country. Nor can you safely keep much of it on hand. So what are you gonna do with it?
As I recommended in another thread, keep it in safe-deposit box in HSBC Thailand. By the way, perhaps somebody can recommend safe storage facilities renting safe-deposit boxes in Thailand which are unrelated to banks?

[newalaan]

By all means petal, invest away. If I were you I would plunge my entire life savings into such a sure thing. After all you so clearly know more than everyone else.Err..... 'petal' a 12 year old could reasonably advise you a good time to buy any commodity/item is when it's value is low. I don't need to "clearly know more than everyone else", I would imagine everyone else could come to exactly the same conclusion as the 12 year old and I did, it would only be you who is the exception. Anyway it wasn't the buying of a particular commodity/item in this case silver, which my point was about, was it? My reply addressed the question of why someone would even be curious as to why there would be a 'rush' to by 'something' whose value had fallen by 30% to a lower value, rather than buy the same item at it's higher price/value.

With reference to buying silver, I have'nt the slightest interest in the damned stuff, I personally have'nt got a clue about it and so wouldn't invest in any precious metals and therefore not give any advice anybody to either.
newalaan wrote: you can take advantage of the profit when it increases from it's low level back to high
Richard Ross, Global Technical Strategist at Auerbach Grayson, disagrees. You don't quite seem to have grasped anything here at all have you? Again, I wasn't specifically talking about silver. It was ANY commodity, it was the theory of buying 'something' at it's low value/price rather than buying it when it reaches it's high value. Anyway, if you rely on google searches to find out your investment information, and then are niave enough to display that information on a forum as some kind of authoritive answer to investment in silver, why am I not surpirised you are asking the question of why others are 'rushing' to buy silver when it's value is low. Like every other investment expert who didn't see the financial meltdown coming, i would imagine 'Richard Ross' just as Mr CEO c/o any investment bank/casino, is probably just hazzarding his best guess too. If he knew all the answers he wouldn't be working for anybody, he'd already be retired wouldn't he.

I wasn't specifically talking about silver
Then why respond to my question which specifically asked about silver? Even a 12 year old could reasonably be expected to have understood the question in the first place and spared us all your master class on investing.
Buy low - Sell high! Who knew? Really poodle you should patent that, you could make a fortune!


I personally have'nt got a clue...
Indeed.

[Dboy]

Thanks everyone for your excitement about the metals. You provided an excellent sell signal for all of the precious metals. Please let me know when you really hate gold/silver so I will know when to start buying it again.

Dboy

[jvt22222]

I am certainly not going to get involved in the conversation about the wisdom of the whys and why-nots .... just the facts, folks ... I have a close Thai-Chinese friend of more than 10 years .... a very successful businessman from an equally successful family .... as with lots of middle and upperclass Thai-Chinese families, they invest some of their income in gold bars .... store it where they might -- safe, under the bed, safety deposit box, wherever ... at the time in question, about 1.5 years ago, the price of gold in Thailand was between 15,000-16,000 baht per baht weight (gold in Thailand is weighed in a unit of measure called a "baht" -- confusing, huh?? .... conversion table at <http://www.convert-me.com/en/convert/units/weight/weight.thaibaht.en.html>) .... he convinced me to put some money into it at that time ..... I did .... as of this moment (Sunday 8 May 2011)the value is 21,350 baht per baht to sell and 21,450 to buy -- more than a 30% increase ... I bought bars in 10 and 5 baht denominations, so I can cash it bit-by-bit rather than the whole lot at one time ..... the gold shop he took me to was one he and his siblings have frequented for years with total confidence in Chinatown BKK .... Hua Seng Heng Goldsmith, 401-407 Jawaraj Road ... not recommending this to anybody, just that it worked for me ..... had lots to do with the timing ...... now want to see if I can do the same thing with a bit of cash relative to silver bars, but cannot find out where to buy them .... have asked my Thai friend and he is researching it .... if I find out, will post here ..... hope this info is useful.

There's no doubt that if you had the foresight to buy gold a few years ago and hold it, that you will have made a potential, substantial return on your investment. To realize those returns though you have to sell the gold and therein lies the conundrum. When do you sell? Are we at the top of the market or is there still some life left in it? Is the current price sustainable or with everyone now looking to get in, are we now in bubble territory? Do you take a 30% return now or do you wait and hope for 40% or even 50%? Will gold, like silver, shed 30% of it's value in a little over a week? If you are holding actual bullion will you be able to liquidate it quickly enough if the shit hits the fan?

Which goes back to my original question. Why the rush to buy silver now? Will it regain it's loses and go even higher or has the bubble burst? Is what is happening to silver a harbinger of what will happen to gold? Are the fundamentals that have supported the rise in gold the same as silver and other commodities? From what I have read and heard, if gold is not at it's peak it is near and silver could be an early indicator of what's coming down the road. But then again there are those who claim there is no where for gold to go but up.

My gut feeling tells me that if John Q. Public is looking at buying gold because of it's irresistible gains, then the party is pretty much over.

[thonglor55]

If you are holding actual bouillon will you be able to liquidate it quickly enough if the shit hits the fan? If it's really bouillon I imagine liquidating it has already happened and you'll be able to consume it forthwith (before it gets stale).

actual bouillon

You'll certainly be in the soup!

Why hasn't someone designed a context checker to along with the spell checker?