Thai gold is popular in Thailand, making it one of the most prized investments in Thailand. Siam, in Sanskrit, means gold and is most commonly used in the Thai language in reference to gold. Indians have generationally called Thailand the land of gold or Suwarnabhumi. The Chinese refer to Thailand as the Peninsula of Gold, better known as Jin Lin in their traditional language.
Thailand's most prized commodity is gold and due to this, Thailand has a vast market of gold dealers and shops. Gold mines have covered the lands of Thailand for generations. To the Thai people, gold is a symbol of security, not just jewelry or ornaments, while it is also documented in Buddhist literature.
Gold is considered as an indicator of social status, which is why you will see people wearing lots of gold in marriages or other social gatherings.
Thai gold, which is measured in baht units (one baht = 15.244 grams), is one of the purest forms of gold with as much as 99% purity. It is 23 carat and truly authentic. Gold can be freely traded in Thailand because of its open markets.
Gold is one of the largest exports Thailand holds, traveling to countries like the United States, Hong Kong and Japan. There is a downside to Thai's gold popularity. The nature of the trading business allows for smuggling of gold intended to alleviate the buyer from paying taxes.
Thailand consists of over 6,000 shops selling gold jewelry. The government of Thailand regulates gold and because of this, the costs per shop remain in the same price range. The price of gold is displayed for the potential customers to see in the value of carats. Storeowners and gold distributers are under supervision for any gold dealings that occur.
The Thai gold is of intense yellow color and is often mistaken for brass. But the fact remains that it is much more durable and is truly an asset that will only have a higher value in future. This is the reason why it is considered as one of the best forms of investment if long term investment is on your mind.
Thai gold can be easily converted to currency at most of the exchanges. The best thing about Thai gold is that though the quality and purity of the Thai gold is higher, it is priced at a much lower rate than the other western countries.
Thailand's most prized commodity is gold and due to this, Thailand has a vast market of gold dealers and shops. Gold mines have covered the lands of Thailand for generations. To the Thai people, gold is a symbol of security, not just jewelry or ornaments, while it is also documented in Buddhist literature.
Gold is considered as an indicator of social status, which is why you will see people wearing lots of gold in marriages or other social gatherings.
Thai gold, which is measured in baht units (one baht = 15.244 grams), is one of the purest forms of gold with as much as 99% purity. It is 23 carat and truly authentic. Gold can be freely traded in Thailand because of its open markets.
Gold is one of the largest exports Thailand holds, traveling to countries like the United States, Hong Kong and Japan. There is a downside to Thai's gold popularity. The nature of the trading business allows for smuggling of gold intended to alleviate the buyer from paying taxes.
Thailand consists of over 6,000 shops selling gold jewelry. The government of Thailand regulates gold and because of this, the costs per shop remain in the same price range. The price of gold is displayed for the potential customers to see in the value of carats. Storeowners and gold distributers are under supervision for any gold dealings that occur.
The Thai gold is of intense yellow color and is often mistaken for brass. But the fact remains that it is much more durable and is truly an asset that will only have a higher value in future. This is the reason why it is considered as one of the best forms of investment if long term investment is on your mind.
Thai gold can be easily converted to currency at most of the exchanges. The best thing about Thai gold is that though the quality and purity of the Thai gold is higher, it is priced at a much lower rate than the other western countries.
About the Author:
Alan Stables has been creating wealth through malaysia gold, receiving a monthly hibah of 1.5%. You can now join a gold wealth creation through thai gold too.
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