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<p>[QUOTE="medoraman, post: 4714248, member: 26302"]No, not what I see. My sister in law does not have much money, but whatever she has she has it in gold too, and that has been purchased in the last 8 years.</p><p><br /></p><p>You ever been to the Far East, India, or Middle East? Gold shops EVERYWHERE. They are worst than Starbucks in the US. Even in small towns dozens of them. A friend owns 2 in Lumphun Thailand, a town of about 15K only 10 miles from Chiang Mai. You would think they wouldn't need ANY gold stores, but she has about 8 competitors in that town, but she still turns over a few million USD a year in sales in EACH store. You go to larger stores in Chiang Mai or Bangkok and you have about 25 sales staff and you have to wait usually 10 minutes to get anyone to help you they are that busy.</p><p><br /></p><p>My wife has poor relatives, do not own a car but only have a scooter, and by the looks of their house you would think maybe they own $500 to their name, but they will show up with 4 ounces of gold jewelry on fancy occasions on them.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 4714248, member: 26302"]No, not what I see. My sister in law does not have much money, but whatever she has she has it in gold too, and that has been purchased in the last 8 years. You ever been to the Far East, India, or Middle East? Gold shops EVERYWHERE. They are worst than Starbucks in the US. Even in small towns dozens of them. A friend owns 2 in Lumphun Thailand, a town of about 15K only 10 miles from Chiang Mai. You would think they wouldn't need ANY gold stores, but she has about 8 competitors in that town, but she still turns over a few million USD a year in sales in EACH store. You go to larger stores in Chiang Mai or Bangkok and you have about 25 sales staff and you have to wait usually 10 minutes to get anyone to help you they are that busy. My wife has poor relatives, do not own a car but only have a scooter, and by the looks of their house you would think maybe they own $500 to their name, but they will show up with 4 ounces of gold jewelry on fancy occasions on them.[/QUOTE]
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