วันอังคารที่ 29 กรกฎาคม พ.ศ. 2551

How to invest in Gold Bullion in Thailand?

Thailand is a best place for investors to be a gold speculative. The tax system is very in favor to the investors. The rate of VAT(value added tax or the other word the sales tax) is 0%. Since the year 2001, the Thai government had considered Gold Bullion as one kind of money. Since we can not tax on money so the gold was exempted. But we have to pay for the income tax at the end of the year at the rate of 25% but that is after all your expense deduction. It is quite fair and very encouraging.
Thailand has two kind of gold bullion, one is the local bullion with the unit weight started at 5 Baht wt.(76.22 gram),10 Baht wt(152.44 gram) and the combination of 10 Baht wt.up. This local bullion has the purity of 96.5% and the reason why Thais prefered this purity because the gold can be fabricated into chains and ornaments with durability. The other kind of bullion is the international gold bar with the weight of 1.000 Kilogram and has the purity of 999.9%. This latter kind is the bar that most of the gold shop traded in order to hedge or to speculate the gold price.
Many people had asked me when will be the best time to buy gold. I will tell them that if the gold price is not at its peak at that time then you are quite confident to make the purchase. I have tracked the record of the movement of the gold price and I had seen the real interesting pattern in the graph. The gold price will try to reach its peak and make a new record high. For the past few months, the record price is at U.S.$ 1020.00 per troy ounce. So as long as the price of gold is below is level then you are safe to make the investment. Also the other interesting question is why the gold moved so much in the past few years? I can definitely answer this with one short word.....China. Last year, Chinese government had opened the forward market of gold in Shanghai and because of this alone had boosted the price of gold from the level of U.S.$ 650 per troy ounce to this present level and the movement was so swift. Together with the increase of oil price, it helps boosted the gold price up and down like we never see before. So good luck everyone. Thailand is going to open the foward trade on gold in this coming September. I hope that all of you will benefit from this and have a very wealthy year.

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