Sunday, February 19, 2006

Gold


I dont mean the Spandau Ballet Olympic Balad, but near pure gold. From the Middle East through to China Gold is almost as good as currency.

Thailand is no different. Gold is bought by weight, very similar to shares. Buy Low, sell high. Thai Gold is measured in Baht. One Baht is roughly 15.5g of 23.9 karat gold. It is a yellow colour because of its purity.

The Chinese Community seems to have the gold business sown up, China Town being the best place to buy gold. The piece above is a two baht necklace, it cost me 14400baht last april, that was £200 back then. Gold is now 10400baht per baht, and with the exchange rate the way it is the necklace is now worth £305. A nice 65% investment over nine months. I wont sell, or rather I will when i'm skint!

You should treat yourself to some bling when you come over here, even at these high prices. It still works out cheaper than the crap from Argos!

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