Buying gold as a world currency

Gold has been expanding worth the past 5 years, and accomplished a phenomenal gains of 155% since 9/11 and is anticipated to raise 30-35% in the next 12 months. Truly, gold has been a standard of steadiness. Recognized as a global currency, gold is the only asset that is both fluid and substantial at the identical time and every financial consultant will notify you to have gold as part of your portfolio. The inquiry is, what type of gold? Should you purchase gold bullion bar or gold bullion coin?

First thing you need to understand is the distinction between buying actual gold and gold supplies. When buying gold stocks, you are buying supplies of excavation companies, not the gold itself. As such, these supplies are propelled by supply market more than the gold worth itself. In detail, as gold tends to proceed the converse main heading of supply prices, you may find yourself mislaying cash on gold stocks even if the price of gold increases.

The most gladly available gold for buying and trading is most decisively jewelry. Still, coins and gold bars make for a better buying into as jewelry often comprises additional additives and is prone to impairment. On top of that, the general worth furthermore takes into account personal components, such as method, trends etc. In most situations, the resale value of gold jewelry will not ever be as high as the buy cost, making jewelry a pleasant gift, but not a good buying into scheme.

The most readily available gold for buying and selling is most decisively jewelry. Still, coins and gold bars make for a better investment as jewelry often comprises additional additives and is prone to impairment.

If buying gold for collection or easily for individual pleasure, coins are the natural way to go. Even coins that do not specify as bullion will give you a certain collectible worth, endowing you to sell the coin to one of the collectors round the world. Furthermore, the value normally increases with the time, so it is a protected investment too.

Gold investors normally try to buy gold bars rather than coins. In numerous cases, gold bar provides for a better investment worth than coins, however there are exclusions that you need to take into account. The most significant facet when buying gold bars is to be certain you can deal it when required. different coins, which can be sold on coin auctions, or even on eBay, trading gold bars is much larger dispute. The main cause for this is that the gold in gold bars does not carry a governmental promise of value and quantity, certain thing that gold bullion have. It is also simpler to tamper with the gold in the bar, which is particularly factual with "hidden" (or unmarked) bars.

Still, if you know a reputable dealer mesh that can appraise the bar, buying gold bar is an very good investment that is almost guaranteed to stay very steady all through the years to arrive. However, for less experienced shareholder, or for shareholder who likes to benefit both from charges of gold as well as collectible value (that can in detail counteract the distinction in gold prices, should they fall), coins are the better option.

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Sell gold for cash in Vietnam

Best gold selling price in Asia gold market .

Vietnam is a country located in Indochina peninsular in South East Asia . It have a populations estimated of 90.3 millions peoples in 2012 census . Vietnam have bordering country with China to the north , Laos and Cambodia to the southwest and South China Sea to the east . 

Vietnam economy was mainly dominated by agriculture products like  cashew nut , rice and black paper . 

Gold mining and gold  production  history in Vietnam

Vietnam have mining capacity no more than  2 metric tons of gold per annum . From 1999 to 2004 , Vietnam  gold mining operation manage to produce about 1000kgs to 2000 kgs of gold yearly . A signification increase of 50% of gold mining producing in Vietnam to 3000 kgs per annum in 2005  to 2008 and currently at average  of 2000 kgs per annum.

Local demand of gold in Vietnam

Gold has very high demands in Vietnam for the purpose of trading , merchandising and industrial . Gold was use in sectors like jewellery fabrication , private investment , industrial application and central bank reserve .

A major activities involving gold in Vietnam economic were :-

a) Payment currency for real estate deal , car , commercial settlement among private indvidual

b) Saving

c) Commercial financing obligation

d) Hedge financial asset

e) Act as Guarantee or Bond 

Vietnam consume 58 metrics ton of gold in 2003 .  A high demand in gold drive for  gold smuggling and hoarding activities Vietnam .

Rules and regulation for selling gold or buying gold in Vietnam

Gold business in Vietnam control and regulated by State Bank of Vietnam . The following activities must be grant approval by State Bank of Vietnam before commencing .

1. Gold fabrication, gold mining , trading  gold , import or  exporting gold

2. Trading gold quota

3. Import or export quota

Saigon Jewellery  Company (SJC) is the only company  granted license by State Bank of Vietnam to manage gold distributions , producing  and manufacturing  in Vietnam .  SJC control 90% of gold market share in Vietnam .

1 tael gold by SJC

Import duty and tariff.

For importing gold bullion into Vietnam , there no sales tax and import duty , however it is different rules for  gold jewellery. There are 10%  sales tax and 20%  import duty  for gold ring , jewellery, etc .

Best selling gold price in Asia market 

Vietnam local gold demand were large  and yet gold production was limited to 2000kgs per annum . Gold bring sense of security in keeping a person  wealth  in Vietnam. Local currency "Dong" was depreciated so much more in recent years , made people more interested in gold as saving .

At a moment , gold price for selling gold in Vietnam was higher than gold spot price worldwide . There was a higher gap of gold price between 10 %- 15% premium . This will make gold investor an opportunity to  receive higher rate of return on their gold.

Below chart show gold price comparison between spot gold price to Vietnam gold price in year 2010 upto 2013 . It clearly  show  a premium price for gold and will continue it trend .

Sell gold at premium in Vietnam

As long as Vietnam peoples show an interest  for gold in their daily  activity  and kept golds as real saving , gold price in Vietnam will kept at premium price .

For tourist visiting Vietnam , it is better just to bring few piece of gold bullion and sold gold for cash in Vietnam than exchange your currency. 

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Buying gold in Indonesia

Gold trading in Indonesia.

The Republic of Indonesia is a country located in South East Asia. It was a vast country with a population more than 240 million peoples in 2011 census. By geography, Indonesia was an archipelago of more than 1,700 islands.The major populated islands were Java, Sumatera, Kalimantan (Borneo), Nusa Tenggara, Sulawesi, and Papua.

 Gold trading in Indonesia could be track back in history to the 13th century. Traders come from East, China and West from India and Arab trading by selling goods for exchange to spices from the Maluku Islands . Gold was recorded as item use by Indian trader from Gujarat near Ahmedabad, India to trade for spices in Sumatra and Malay Peninsular. Admiral Cheong Ho from 14th century China refers Sumatera Island or Aceh as rich land or land of gold.

Types of Gold Trade in Indonesia

Gold for investment in Indonesia was known as "Emas Batangan" or " Logam Mulia" were 24K gold with a certificate from LBMA sticker of authentic. It is different from gold jewelry which is using 22K or less purity. The jewelry is much appreciated for its design and craftsmanship. Trading can be done for both types of gold and trading can be done easily. There no restriction or price control over buying or selling of gold in Indonesia. Their price was quoted in Indonesia Rupiah per gram. Cash did all transaction. The price of gold start from a weight of  1g , 2g, 5g , 10g, 20g , 50g 100g. A Higher weight  will offer a lower price per gram.  

Location of the gold shops at Indonesia.

 In general, there so many gold shop available in Indonesia. For a high-quality 24k gold, the most known shop is PT Antam, seller of Logam Mulia brand gold located in Jakarta Selatan, Java Island. 

The well brand name " Logam Mulia " was trusted for honesty and quality.

Sumatera Island 

The gold shop can be found in Bandar Aceh. A capital city with history and event of tsunami and earthquake incident which brings down the city to a field of destruction. A lane of gold shops survive it, and it calls " Jalan Tgk Chik Pante Kulu " in the local phrase. It is a large concentration of gold shop in Bandar Aceh.

Java island 

Branches of Logam Mulia shop can be found in Surabaya and Jogjakarta. Another shop that was trustable was Toko Aneka Logam , Jakarta Utara .

Good shops also can be found in Pasar Baru , Bandung  for selling and buying gold. Many retailers offering to buy gold and prices varied from 300 thousand Indonesia  Rupiah to 500 thousand Indonesia Rupiah per gram.

Kalimantan (Borneo Island)

Several reputable gold shops can be found in Pelangkaraya   at central Kalimantan region and Banjamasin  in South Kalimantan region. These two cities were located on the remote island of Borneo and interconnection road was almost on to existence between these two major cities.

Due to that unknown factor, there was a large different in gold price per gram traded here.

Another city to the east of Borneo calls Bontang has several shops and online website.

Gold trading at it best.

In Indonesia, where more than 240 million people resided, gold was treated as saving rather than investment. Country folk who unable to access to banking facility or do not want to keep their cash in hand buying gold. Gold was kept as saving in rainy days or saving to buy the bigger asset like land. Gold also important during the wedding ceremony in Indonesia as the gift to bride to be and her family.

At the moment, online gold trading was active and popular to the new generation. Gold become an instrument of generating income and wealth.  Pawnbroking activity was active among these country people for lending out money and gold were introduce as the collateral.

The local gold market quite competitive and offer the best price and saving on bulk purchases.  It is a must stop destination for a gold collector and investor, try buying gold in Indonesia you will not regret.

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How to sell gold in Malaysia

Gold jewelry or gold bullion can be sold easily in Malaysia without any restriction. There were no selling tax or capital gain tax rules for any types of gold items sold by Malaysia resident or nonresident. No permit or license required for such activity, except for export or import of gold to or from oversea in the form of gold bullion required permission from Malaysia central bank approval.

Where to sell gold in  Malaysia?

The were four major ways gold can be sold in Malaysia. Firstly, gold can be sold directly to any local gold shop or jewellery shop.  It is required for the seller to provide proof of purchase and proper identification for recording. The gold shop will offer buying price 15 % below normal market price as a handling fee.

Secondly, sell gold directly to the private investor. There is much local gold investor want to buy gold at a higher price than retail gold shop. The gold buyer can be found easily nearly by the gold shop or ads in the local newspaper. The price offers slightly better than gold shop rate at  9% - 12% spread of daily gold price.

Thirdly, there was a gold distributor from gold franchise company that offer to buy gold as trade in value for their products. You can found them easily in a local newspaper and internet media. They will offer to buy gold at according to the company publish rate which was better than a gold shop.

Finally, you can find a gold buyer in internet store or online shop which can be reached easily on Facebook or blog website. This private seller was a small trader or small enterprise which can be trusted and using mail as the delivery method. Their price is not controlled by any franchise company or gold  shops association. The price offered were more attractive as this gold buyer have little or less operating cost and less targeted buy margin at 4-5 % higher than the spot price.



How to sell gold in Malaysia 

For selling gold to gold shop or franchise company, you can either walk into any gold shop and ask for quote buying price. The store gold selling price per gram was on display in every gold shop, but it is advisable to ask for update buying rate first. The shop owner normally has gold weight machine to verify gold weight in gram and gold purity tester for check gold purity.


For online buyer and private investor, it is proper to provide the gold weight in gram and gold purity information for their valuation.  Usually, the trade was made at meeting points like a coffee shop or bank. For a significant amount of gold meeting inside the bank is advisable for better security.

Term and condition to sell gold in Malaysia.

There were no particular condition or property gain tax for sell gold in Malaysia. All transaction were made by cash basis; selling was concluded and completed after an exchange of good and cash.


Cash option when you do not want to sell gold in Malaysia

Gold was much appreciated in Malaysia and can be considered as good as cash. If you want to acquire cash with selling your gold, you are always can go for borrowing with your gold as collateral. You can alway get maximum borrowing out  of 60% of your gold market value. For a small handling fee, you can get a payback period up to 6 months at any Ar Rahnu outlet .

To conclude, selling gold in Malaysia is easy and exciting. You can found various type of purchaser and shop that give your a puzzling option and gold price rate at best or worst than spot market. Using spot market as the guide are advisable but never exclusive.  Spot price rate can be found in real time at a local gold market website. There are RM20  to RM60 different per weight of gold to Malaysia gold market price to world spot gold price.Try to sell your gold in Malaysia for better investment option.



  





  

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Precious metal Price Fixing - The actual Influence Of The Tariff of Precious metal Influence upon gold cost:

Influence upon gold cost:

Your day price of precious metal is driven by demand and supply. Given that of the precious metal ever mined still is available and is potentially capable to come on towards the market for your right price, in contrast to most other goods, the hoarding and also disposal plays a far bigger role within affecting the cost. In late 2008, it was predicted that all the precious metal ever mined destroyed 158, 000 a lot. Given the big quantity of stored precious metal, when compared to annual generation, the cost of gold is primarily affected by modifications in sentiment, instead of changes in yearly production. Much more national problems, people fear which their assets might be seized and the currency can become worthless. They will see gold being a solid resource, which will constantly buy food or transport. Thus much more great uncertainness, particularly when battle is feared, the requirement for gold goes up. When dollars had been ully convertible into precious metal, both were considered to be money. Still most people desired to carry around papers banknotes as opposed to the somewhat weightier and less divisible coins. If individuals feared their bank would certainly fail, a financial institution run has been the end result. This is exactly what happened in the united states throughout the Great Depression from the 1930s, top President Roosevelt to enforce a national emergency and also to outlaw the possession of gold by US residents.



When the return on provides, equities and real-estate is not properly compensating for risk and also inflation then the require gold as well as other alternative investments like commodities raises. A good example of this is actually the amount of Stagflation that happened during the 1970s which led to a financial bubble forming within gold and silver.

The cost of gold is actually quoted in USD for each troy oz.   

Because May 2004 it is often conducted through telephone. The chief begins having a 'trying' cost. The five repairing members' representatives relay the cost to their working rooms. These types of are in connection with other sellers. The market people then declare just how much gold they may be prepared to sell or buy too price. The actual dealers, that are in touch with their customers, may change their own order or enhance it or terminate it anytime; the positioning declared through the dealers may be the net position excellent among all their customers. (If the first is buying 2 tonnes and another is actually selling one particular tonne, he then declares himself a purchaser of 1 tonne. ) In the event that more gold is needed than exists, then your price is going to be adjusted up-wards (and vice versa) till equilibrium is attained. At this stage the precious metal price is set. On unusual occasions the cost will certainly be set if you have disequilibrium, in the discretion from the chairman from the repair.


The tradition of the London, uk Gold Fixing is that participants could increase a small Union Banner on their desk in order to pause proceedings. Underneath the telephone fixing program, participants can sign-up a pause by stating the term "flag", as well as the chair ends reaching the expression "There are no red flags, and we are going to fixed".



Precious metal is the most well-known precious metal by which people commit. This is a safe-haven against any kind of economic, politics, social or even currency-based crises, like: investment industry declines, currency malfunction, inflation, battle and interpersonal unrest. Precious metal is unlike a connection. Gold pays absolutely no interest. However Gold cannot turn out to be worthless like a connection can. The ideals of both fall and rise in totally free market investing.


Precious metal is also not really a stock. Precious metal has no workers, no assemblage, pays no medical health insurance, does not have any overpaid  CEO , no requirement to take out a loan from a financial institution, and it is recession-proof. Precious metal simply sits there inside your vault quietly carrying out its job. You can observe why for your average stock agent or financial consultant, Gold remains a complete secret.

Unfortunately for their customers, stock brokers rarely recommend investing in Silver or gold. Regardless of the remarkable year-over-year benefits they continue to disregard the gains being created during the current half truths industry.


Bonds and stocks prosper within strong economic times and also bear higher risks within bad times. By comparison, Gold disregards recessions and does nicely when these as well as other traditionary investments fall short.


The very first fixing happened on September twelve, 1919 between the five principal precious metal bullion traders and also refiners during the day. The cost of gold after that was four pounds eighteen shillings and ninepence for each troy ounce. Because of government controls and also war emergencies, the actual London Gold Fixing has been suspended between 1939 and also 1954. Prices regarding gold are fixed within United States bucks (USD), Lb sterling (GBP) and Western Pounds (EUR).

In the past, the Fixing happened twice daily in the City offices regarding N M Rothschild and Sons in Saint Swithin's Lane, consider May 5 04 it takes place through telephone. In 04 2004, N Meters Rothschild & Sons declared that it planned in order to withdraw from gold investing and from the London, uk Gold Repairing. Bar clays Bank got its place from several June 2004, as well as the chairmanship from the meeting, previously held permanently through Childbirths, now moves annually. On Jan 21 1980 the Precious metal Fixing reached the cost of $850, the figure that had not been overtaken until Jan 3 2008.


This is how a brand new record regarding $865. 35 for each troy ounce was occur the morning Repairing. However , along with inflation, the actual 1980 high could be equal to a cost regarding $2398. 21 within 2007 dollars. Therefore , the 1980 report still holds in actual conditions.

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Gold price effect to small trader in 2013

Gold molten crisis, gold price effect  raving badly

Was gold an antic now? Why ? Reducing it value more than 25% in 6 months periods in 2013 cannot be considered as a safe asset. Now gold investment will become to be the threatening risk and forced call margin to favor friends. Will this bearish trend to continue or will it a breakout ? What can small gold trader like me survive this hiccup ? or just absorb the loss and carry on our business as usual? What becomes of us, a mockery in US deficit economic slump or a farce in gold market itself. We are losing trust and trade as we speak right now.

 What can you do as small trader to respond gold price effect

What is your proper respond to gold price level right now? What a proper word to answer to it market condition ? are you feel cheated ? are you feeling angry ? or you just think a way to get rid of the gold stock you hold at any given price? Who the economics ml

Their answer is yes to all the above, and the media was a responsible moron who predicts gold price to go higher in 2013 . As there news become cold, public become to forget the marketing drive that increases the gold price back on 2010 to 2012.

Nothing can be certain in the economic world and driving force behind stocks and index price worldwide. Proprietor and speculator depend on sets of data, charts, news and market sentiments to predict future market move. The gold price considered as safe heaven or harbor for reinvestment until following stocks or index prices to be determined.

However, that all gone now in 2013 . Investors were losing confident in gold. Weaker gold price kept hammering the gold chart and making peoples kept losing money. This bearish move will not stop until a major move on dollar appreciation and QE size is reducing by Federal bank.

How small traders like me to survive this?  How to reinvent gold?

One of the solutions is to keep the current gold stocks and increase new purchases. Why ? it will reduce the bearish trend and give a current gold a flick of hope to new proper price.

The other way is to reinvent gold from scratch. What is gold as we commonly know? A coin, gold bullion, and jewelry. We can reinvest gold into other products that have a common use but glitter with a golden touch.

One of it is a name card, a gift card, or a golden rose. These were several gold artifacts that found in productions that can be an example to increase gold usage drive up gold price.

Finally. What will happen when gold price melted to lower price? We were just keeping reinvent gold and reinvest it again. More importantly, we keep our gold sustain for golden future generations.

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Gold price fear near three-year lows of $1,312 an ounce

On Thursday , gold price trend move to near 3 years low at USD 1,312 an ounce . Fundamental effect from surge of US dollars directly to all major commodity prices. The dollar has pushed higher as the prospect of new Fed money has diminished in light of Bernanke's statement. The euro was down a further 0.5 per cent at $1.3217 Thursday while the dollar rose 1.3 per cent to 97.90 yen. The benchmark New York oil price was down $2 at $96.48 a barrel, while the gold price slid 4.6 per cent t, or a little over $61 to near three-year lows of $1,312 an ounce.

There is a risk we could see an even bigger sell-off if the $1,300 level is breached significantly, the time line for the Fed exit strategy is very much data dependent and based on a whole host of economic indicators between now and next summer, gold prices have slid sharply as the dollar goes sharply bid across the board.


For five years, the Fed has been pursuing an aggressive monetary policy to shore up the U.S. economy, which was battered by the financial crisis. Now that the U.S. economy has shown signs of improvement.

The dollar surge also effect negatively on stocks market all over the world. Stock market in Asia down, for Tokyo's Nikkei 225 down 1.7 per cent lower at 13,014.58 while Hong Kong's Hang Seng index tumbled 2.9 per cent to 20,382.87.  In Europe, the FTSE 100 index of leading British shares was down 2.2 per cent at 6,209 while Germany's DAX fell 2.3 per cent to 8,007. The CAC-40 in France was 2.2 per cent lower at 3,756

Using gold as safe heaven is at jeopardy right now . Gold price was reduce about 18.2 % from June 2012 to USD 1571 to USD 1285 per ounce today , Friday 21 , June 2013 . At this alarming rate , commercial gold investors were panicking. It will take a few months or a year to recover from this event . In April 2013 , gold trader surprise by sudden hiccup when gold price trend to below USD 1500 and now after 3 months , the price reduce to about USD 1300 per ounce .

Will gold losing it attractiveness for investor safe heaven ? Yes , it about time to be caution about gold . Losing 20% value of a year investment is too risky for safe heaven investment .

Will gold losing it attraction for retail buyer ? No . It will not . Lower gold price is major key for small stockist and trader . It is time to buy gold . One good thing about trading real physical gold is , there were alway buyer or seller in whatever trend the gold spot market go for direction.


In Malaysia, fear of losing for gold value already wide spread in investor forum and social chat board. Small trader , gold stockist and sell agent were busying to explain for what happening right now and support for gold long term investment.

Will gold price prevail itself as safe heaven ? Personally , i do think gold price will recover . What gold market need is time . But , investors will not wait another few years to just recover 20% loss . If aggressive action taken , many more investor will cut the loss and move on to other opportunity.


These event might be worrisome. It could trigger for worst closing price and bring gold price to lower pricing zone .

From other view , technically gold price chart was in constant bull market for years . With double top in yearly chart , it about time for bear market and correction.

Finally , can gold price reach USD 2000 per ounce as per hot investment news in 2012 ? I believe , it could be happening event right now. If gold loss it value USD 200 per ounce over slightly 2 months , it could increase in same manner .

Gold is gold for whatever flat money give it value. In old barter way, 1 gold tael is 1 teal tea leaf or a bucket of grain or 10 long yard of cotton.

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Gold bullion and silver investment in Malaysia .

 Gold and silver as an  investment 

Using gold and silver as an investment were acceptable and norm ways to diversify your investment nest. You can invest on bullions, coins or jewellery made of gold or silver and waiting for right moment to sell it for profit . In Malaysia , gold was sell by local manufactures and distributor by introducing and producing their own brands .

There were many excellence goldsmiths and distributor for international recognize brand like PAMP Suisse. Gold coin and silver coin products were making into several types that applicable to Malaysia market.

Popular gold products. 

Primary type of gold popular in Malaysia was jewellery at 91.6% purity or 22K gold . Most gold shops sold and purchase this type of gold jewellery . The goods were sold base on their weight, design and craftmanship . The shop will charge base on current market price and extra charges for craftmanship. Secondly, gold bar and coins with purity 99.99% or 24K .

These product popular among gold investors and collectors. There were two major different of coin products that differentiate Malaysia gold market with others. . Their very own produce `Kijang Emas ` (Barking deer ) gold coins weighted either 1 oz, ½ oz and ¼ oz respectively. This product issue by Malaysia central bank and distributed by major local banks . Another product is gold `dinar` coin weighted by several size of 4.25g , 8.5g or 21.25g and 42.50g.

 Buying or selling Spread . 

All gold shop are having their own selling or buying spread . Their business plan was simple. Higher spread value and they are making profit. When your are selling or resale of gold, the shop try to buying at lowers possible price, make a new jewellery from that gold and sell it at higher rate. Most gold shop have worst gold price spread between 12 - 15% of gold value . Gold bullion offer much more better spread rate between 5% -9%. Several bullion manufacturer's publish their rate following world spot market and offer an hourly updated price.

 Investment opportunity's

Gold products purchases were tax free investment. No tax apply for selling or buying gold in Malaysia and also no tax for export or import of gold products. There is requirement for export permit and Malaysia central bank approval. Gold was considered as precious metal that can be use as collateral for obtaining private loan. The typically pawn brokering service give your gold appraisal value and give money up to maximum of 60% value of your gold at market price. Using pawn brokering service will give you option to inquired more gold . You only need to invest 40% cash to buying more bullion. It is continue into several tiers . It is advisory to repeat the process up to 3 times or less. The last gold bullion is key to unlock your investment . An increased in gold price will give effect directly to your total assets values less all loan taken and payments. What will happen if the price is decreasing ? There several new option can be done. 

Firstly , typical pawn broking periods can be extended for 6 months or more . This will give your extra time for price movements and trends changes. 

Secondly, buying more gold when prices were at downtrend. You can a get lower average price per gram from total gold that you own . When the trend change , it is possible to sold it with profit. Buy back policy and customer trust. Gold bullion business were monopoly by several local Malaysia gold manufacturer like PG gold and CGPC gold. 

Several others small minor manufacturers which selling under their own brands. Gold can easily traded by buy , sell or exchange . For example your are having 5 units of 1gram gold bullion. When someone interested in 5 grams bullion you can sell all 1 grams bullion in exchange of 5gram . All manufacturer have this buyback policy to increase sale , flexible and encourage people to make saving in form gold bullion. It is also function as trust and confident for the manufacturable able purchase back their sold gold as needed . Trading gold bullion in Malaysia was still at new stage . 

Using internet and social networking to discuss , review and advertisement , online gold trading was a very successful and comparative business . Many stockist buy or sell almost the same brand name . The only advantages that the stockists had were differential gold stock in weight and stockist location. As a gold stockist , they were making profit in tier sale commission and gold exchange scheme as a gram is a gram of gold . I.e. 5 items 1 gram for 1 item of 5 gram of gold . There many more future development and facilities like safe deposit rental and delivery service for valuable metals or exchange center for gold could be increase the people knowledge and start to invest in gold .

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How to trade gold in Thailand commodity market.

How to trade gold in Thailand commodity market. 

Gold trading was one of the most lucrative businesses in the world. Every single minute's gold was a trade on the spot market and bulk gold market scene, what we call a physical gold market.

A major gold bullion distribution and the trading house which doing their part in UK London Metal Exchange, US CME and Europe Swiss Credit Suisse Gold.

Apart from using gold as financial portfolios for country economics, mega company investment schemes like Goldman & Sach, what drive the world market gold consumption?

Use of gold in industry and manufacturing. Many of this company have lock and order gold for next two years. All the main metals use in industries were purchase in the form of future nature.

It is the people who appreciate gold who drive gold market consumption. As i say market consumption, not gold price. The daily gold spot price effect by speculator and brokers for small commissions.

Gold in Thailand commodity market

People all over the world, using gold in jewelry and gold artifact or gold bullion. The purpose of gaining the yellow metal was an investment, personal appreciation and tradition like a wedding ceremony.

Western gold jewelry standard start with 14K to 18K purity and most Asia country use gold as much as 22K to 23K gold purity in their jewelry. The differential in gold preference standard makes Thailand using their gold design, color, purity, and weight.

Thai gold has more beautiful yellow color, beautiful design jewelry that i think made ages to produce, the textured surface, gold flake alike leave. They even have money tree look a like from gold and the important `bath` weight for gold . 1 bath equivalent to almost 1/2 troy ounces or 15.24g.

Using this requirement, Thailand Future Exchange (TFEX) have a future investment product base on gold market that drives Thailand gold trading. It was to meet local demand and appreciation for gold. Thai people have been buying gold for ages. Pass from grandmother to granddaughter; gold was seen as saving and sense of security.

There two type of the main products. First, ten bath gold delivery in the spot or up to nearest future three months. Second 50 bath gold delivery which at a larger quantity. Both products is having 23K or 96.5% gold purity.

Thai gold does deliver in the commodity market.

Their price is affected by world spot market price and controlled by TFEX regulations. What makes it is a major different from spot gold markets like CME gold future is that there is physical gold delivery upon completed purchase contract. The contract for spot ten bath gold contract can be concluded in 4 days. You are expecting to get real gold in weight about 152.4 g.

Secondly, the market can be reached easily by people. There were about 20 or more selling agent or big gold shop with a reputation that approve by TFEC to make the trade. Normal trading house register with TFEC can provide selling and buying gold commodity process as per normal broker. The gold market maker or selling gold shop are providing many other services as well. They clearly can do as below,

1. Buying or sell gold at daily spot price

2. Future spot gold order, i,e, short selling

3. Opening accounts for online and telephone booking

4. Received deposit of gold order, not regulated. Normally 10% - 15% of total contract value.

5. Delivery and  Collection of gold

6. Keep safe, or vault services.

There several operating gold wholesaler that doing business at higher professional level. Gold shop like MTS , Hua Seng Heng , YLG, Classic Gold Group .

Now how can you sell the Thai bath gold or short selling? Put it away so much easier; you make a call to the gold shop where you buy or any approve TFEC broker house, get the market selling price and got the order number. If the contract concluded, you have to deliver the gold to their office before 12 pm next day. The business will be completed within four days, and you will have your money in the cheque or deposit into account by Thailand clearing house. There are always commission charges apply.

There are other ways to safe guard your gold. You can option for the gold shop to keep your gold in their vault. They will issue a gold certificate for your gold item saving. This is same as paper gold saving in ETF gold scheme, but a big different is your can walk to the gold shop and demand your gold anytime.

In reality, Thai people do not scare to show their wealth. Gold is put on a show for family status and wealth. Most Asia country uses gold as the measurement of status, hobby, and prospecting to have good wife or husband.

For the most Muslim country, using gold and silver are appreciated for substitute currency. There was once an idea to made everyone use the same currency . I think that day will come in long future and i hope to save enough gold for my future generation. Not for wealth but the reminder of the great color of gold, if gold is depleted one day. Try yourself to trade gold in Thailand commodity market and watch the investment grow if you doing done correctly. 

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