(BANGKOK: Many traders put $300,000 at a time on the counters of the hundreds of gold shops here in the city). We want to hear what is going on in your area of the world… whether it’s about precious metal availability or premiums, inflation, political events, important local news, employment/job situation, etc.
If you would like to share an insight that you believe is important, you can place it in the comment section of this post.
The inspiration to start this new blog post came from reading one of the comments on this site about the huge demand of gold buying taking place in Bangkok.
This is what roger had to say:
“I live in Bangkok and with the fall in price of gold yet again many of the small gold shop have removed ALL their gold bars for sale. People are buy what evers in the shops. It truly is a constant free for all. At some point the shops will be empty of gold bars. Here owning paper money is only for trading. NO ONE keeps their wealth in paper only gold.
After the weekend trade in the many businesses here the Chinese traders are queuing to exchange their Bahts for gold. Many traders put $300,000 at a time on the counters of the hundreds of gold shops here in the city.. Buying gold is about as difficult as buying a hot dog from a vender on a street corner in America .. NO name is asked for. NO asking where ya get the money from, NO ,where ya live , NOTHING WHATSOEVER. No paperwork . The ONLY words from the shop keepers is Thank for using my shop.
This is the land of the free.”
Again, it would be nice to know what important events or updates are taking place in your town, village or country. This post will be updated every week. If you have something that you think is interesting, please share it with us.