Gold prices.

[Admin]

Remember the days when it was 4,000,,,,,,,,if only you could predict the future

Gold price almost never went down. only up and up.. I think buying gold might be a good investment.

[boloa]

Remember the days when it was 4,000,,,,,,,,if only you could predict the future

Gold price almost never went down. only up and up.. I think buying gold might be a good investment.

Most Thai wife's think the same way Admin..:-)

[Dave the Dude]

That is why I bought a bundle 6 months ago!

[fox]

ask any Thai lady what she want she will most likely to ask for gold, its keep on the value and decrease, can pawn it,sell it,its a great show amount the Thais to show wealth.
What can a woman ask more? right, diamond.

[nookiebear]

That is why I bought a bundle 6 months ago!

TRUST YOU TO BE 15 YEARS TOO LATE!!!!!!!!!!!!!!!!!!!!!

[Dave the Dude]

TRUST YOU TO BE 15 YEARS TOO LATE!!!!!!!!!!!!!!!!!!!!!

How do you know what I was doing 15 years ago, BigBoy!

[nookiebear]

TRUST YOU TO BE 15 YEARS TOO LATE!!!!!!!!!!!!!!!!!!!!!

How do you know what I was doing 15 years ago, BigBoy!

I know you wern't buying up a bundle of gold!!!!!!!!!

[Admin]

Gold prices going up and up..... 

Gold prices for Saturday announced
Published: 22/01/2011 at 10:05 AM
Bangkok Post: Online news: Local News  

The Gold Traders Association this morning announced the buying price at 19,268.36 baht per baht-weight for gold ornaments and 19,550 baht per baht-weight for gold bar.

The selling prices were set at 20,050 baht per baht-weight for gold ornaments, and 19,650 baht per baht-weight for gold bar

[fox]

I hope my wife won't see this thread............. 

[Admin]

Gold price expected to fall
Bangkok Post: 12/04/2011

Globlex Holding Management (GBX) is recommending that investors implement short-term trading on gold and increase their asset allocation in silver, as the global gold price will likely drop in the second quarter.

Natapon Khamthakrue, an assistant vice-president, said a possible reason for the decline in the gold price is that developed countries will begin to stop their quantitative monetary measures and will increase interest rates in order to curb rising inflation. As well, the unrest in the Middle East and North Africa will probably be contained soon.

GBX predicts the gold price may be traded within the range of US$1,370 to $1,475 an ounce during this quarter and expects to see heavy sell-offs as investors take profits.

Mr Natapon recommends investors put 20% of their existing investment in gold into silver.

"The gold price has kept rising these past two years to a new high of $1,450 to $1,475 an ounce, pressured most recently by the Middle East riots. But now it's likely to go down by the middle of this second quarter," he said.

Mr Natapon believes the Chinese government will continue to lift its interest rate two or three more times this year and that the US will halt its latest quantitative easing measure at $600 billion.

Gold will move within a range of $1,370 to $1,475 an ounce globally and 19,600-21,000 baht locally, he said.

The second quarter is traditionally the low season for gold. Statistics for the past decade show an average return of 2.2% for the period, much lower than the first-, third- and fourth-quarter averages of 3.37%, 5.66% and 6.21% respectively. The gold price has now diverged from its seasonal norm.

Silver has been rising at a record rate, and Mr Natapon said it is possible silver will decline about 10% from the present level. Therefore, he recommends speculating only 20% in silver.

"Now is not a good time for medium-to long-term investment in gold. Investors should wait until the price drops to about $1,200 an ounce before starting to accumulate it again," said Mr Natapon.

GT Wealth Management, a gold futures broker, said the improving employment situation in the US is also pressuring gold, which is recommended only for the short term now.

http://www.bangkokpost.com/business/economics/231549/gold-price-expected-to-fall