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<p>[QUOTE=&quot;medoraman, post: 26704374, member: 26302&quot;]You really need to understand the gold business in Thailand. In the US jewelry is bought basically without attention being paid to commodity values. In Thailand, every piece of jewelry is weighed, and you pay the value of the gold inside of it and then a small premium. When you need money you take the same jewelry back to a store and they pay you the gold value. So &quot;jewelry&quot; in the western sense is not what they are really buying.</p><p><br /></p><p>In Thailand most people do not invest in financial markets. Small amounts of cash are kept in banks, large amounts are usually used to purchase land, and in between amounts are used to buy gold. Think of the US purchasing power of gold if that was the main investment vehicle. No stocks, no bonds, no cd&#039;s, just gold. We are talking tens of trillions of dollars if the US adopted the same mindset would be buying gold regularly. I am not saying this will happen, just giving you an idea of SCALE and type of demand for gold in much of the world. What Thailand does I have heard is true in most of SE Asia, rural China and India, and the middle east. When your entire life experience has been rich people stealing your investments you trust something you can hold in your hand. </p><p><br /></p><p>I have heard that the gold stores in Thailand, even at these prices, have never been busier. There is a lot more money around the world than you think. Many of my Thai friends are richer than I am, and I am richer than 95% of all Americans sir.[/QUOTE]</p><p><br /></p>

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