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<p>[QUOTE="NorthKorea, post: 1677942, member: 29643"]With respect to Thailand specifically, there's the problem of value of labor. The value added by an artisan is based upon how Thais value labor, in general. They don't feel the artist adds much value to the piece, so they don't have that great a markup.</p><p><br /></p><p>Essentially, gold traders are pawn shops. They lend on your gold at the national rate, creating a high interest fully secured loan. They buy the gold at a slightly lower fixed rate. Also, gold buyers there are regulated. They're required to buy/lend at the national posted rate. The same is true of forex services in the airport. There's no reason to not exchange your money right outside the store, since all airport exchanges are required to offer the same rate.</p><p><br /></p><p>Also... what does this have to do with coins? Detecto, I'd safely say 95% of your threads don't belong in the "coin chat" section of the forum.[/QUOTE]</p><p><br /></p>
[QUOTE="NorthKorea, post: 1677942, member: 29643"]With respect to Thailand specifically, there's the problem of value of labor. The value added by an artisan is based upon how Thais value labor, in general. They don't feel the artist adds much value to the piece, so they don't have that great a markup. Essentially, gold traders are pawn shops. They lend on your gold at the national rate, creating a high interest fully secured loan. They buy the gold at a slightly lower fixed rate. Also, gold buyers there are regulated. They're required to buy/lend at the national posted rate. The same is true of forex services in the airport. There's no reason to not exchange your money right outside the store, since all airport exchanges are required to offer the same rate. Also... what does this have to do with coins? Detecto, I'd safely say 95% of your threads don't belong in the "coin chat" section of the forum.[/QUOTE]
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