Is Thailand a good place to buy gold?

--- ## Gold in Thai history Gold's history in Thailand dates back centuries, tracing its roots to ancient traditions and rituals. The admiration for gold has transcended generations, making it an integral part of celebrations, ceremonies, and daily life. Thailand's affinity for gold goes beyond mere investment; it's deeply rooted in the country's cultural fabric. The radiant metal holds immense symbolism, representing wealth, prosperity, and good fortune. Understanding this cultural significance sheds light on the emotional connection Thai people have with gold. ## Current gold market Presently, Thailand's gold market shines brightly, offering investors stability and potential for growth make it a favorable choice among investors. One of the captivating aspects of investing in gold in Thailand is its accessibility and affordability. Whether buying jewelry or bullion, the options are diverse, catering to various preferences and budgets. The Thai gold market prides itself on security and stability, offering assurance to investors. This sense of reliability enhances the emotional appeal of investing in gold within the country. Thailand is an **excellent** **country** to buy and sell gold because the transaction costs are cheap while still maintaining high purity. ### Why buying gold in Thailand saves money **1) Lower overhead costs** \ Excluding tax, any purchase of gold in Thailand will include commission fees paid to the shop, and potentially labor charges for molding it into a necklace, ring or bracelet. The commissions in Thailand are low, due to the lower cost of living. Renting a shop and paying wages is cheaper incompared to other counties, and these savings are passed on to customers via lower transaction costs. **2) No VAT on any gold** \ VAT (value added tax) is a 7% sales tax applied to all goods sold within Thailand. However, all products sold at gold shops are tax exempt from VAT! The sell price is the price you pay per baht weight, and the buy is the price the shop gives you per baht weight for yours gold, period. > In conclusion, buying gold in Thailand transcends mere investment; it's a journey into a culture deeply intertwined with the allure of this precious metal. This significance, coupled with its stability and VAT tax exemption, makes Thailand a compelling country to buy gold.