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gold shop buying 23 ct gold jewellery in Chiang Mai Thailand

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Uploaded by on Feb 20, 2009

My daughters birthday, you can see some of her friends on www.flowers-ofthe-orient.com so she got 1 baht weight in gold 96.5 % pure, 23 ct, 1 baht in weight = 15.2 grammes to go with the rest she has my wife stuck her elbow in my ribs so she got another 1 baht weight to go with her collection. I fly with Emirates from the UK and in Duabai airport you can buy 24ct gold either EK or Credit Suisse, its impossible to buy 100% gold so fine gold is 99.999 % pure, it is sold by weight from 5 gramme pendants to 1 kilo bars, when we bought ours a while ago it was less than £300 a troy ounce = 31.1 grammes and a avordupois ounce is what you buy potaoes in is 28 grammes, today gold is £686 an ounce thats why the shop was busy people selling their gold. You do the math £1 = 50 Thai baht. There are thousands of these shops in Thailand all selling identical jewellery at identical prices it's just that we have dealt with these people for many years.

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Uploader Comments (thaitanium12)

  • The crime rate must be low as hell there, everything is in the open.

  • @BeyondThere01 I live in Thailand and I feel a lot safer here than I did when I was in the UK. Car theft is very low so there is every chance of you car still being there when you get back to the carpark. Never see any vandalism the banks in the UK the cashiers are behind bullet proof glass, not here and there are an awful lot of cash transactions. As for the gold shops they are all like that open onto the street and as you can see an awful lot of 96.5% gold on display.

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All Comments (13)

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  • 1 baht= 15.16 G

  • @BeyondThere01 There is usually security in the corner with an assault rifle.

  • And, at spot price.

  • Good Luck buying 23K gold in America.

  • @thaitanium12 Do you think it is better to buy gold over in Thailand than US?

  • lol...i know where to go to do a robbery now.. thank you youtube. And not to mention the uploader..

  • that is ballin....i have a 10 baht 24 karat chain and have a hard time finding a pendant for it...any recommendation as far as shops online? i havent found any thai or any good gold shops out here in Hawaii....everything they got is some sorry ass american gold..

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