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At the title of this video suggests, we are asking the question, is Thailand a Gold Trading Hub? I thought of making this video after reading a recent article from the Bangkok Post, bangkokpost.com, the article is titled: Thai baht's gold-fueled rally is now at risk, strategists say. I urge those who are watching this video, go check out that article in detail. I think it's like half-good analysis and I think their conclusion is way off. Yeah Thai gold has been really popular, but gold across the board, in America, Thailand, elsewhere has been extremely popular all over the world, okay.

Thailand's economic positive momentum if you will, is not driven by gold okay. Gold is merely a symptom of what is going on. People are trying to go to safe haven assets around the world. Thais also like to save their money in Gold, so that's another thing. That said, one of the reasons Thailand is doing so well is because it's a free country; it allows people to come here and do business. It's also kind of fun to be here because it's free. We've got legalized Cannabis. If you want to go to a bar and have a drink, nobody will mind; you want to have a good time in Thailand, it's fine. Understand it's a very conservative country. 98% of the country is very conservative Buddhist for the most part, but that being said, it has a very tolerant attitude and it has a tolerant attitude on sort of most social issues, not all, and it's got a tolerant attitude toward foreigners, as well as foreigners who want to come here and invest and do business. That is why Thailand is doing well. In my mind, the gold thing is a symptom of the underlying state of play if you will. 

That said, quoting directly, Bangkok Post, bangkokpost.com. "The Thai Baht is up around 1.2% against the Dollar this year, more than double the gain of a broad gauge of Asian currencies. The reason is Thailand's role as a gold trading hub which has helped lift the currency as the precious metal hit new highs." I'm not buying that. Yeah, there has probably been inbound in-flows of money as there always is to the Thailand gold sector, but I don't think that's the main driver of the economic situation here. Again it's the very nature of Thailand itself. It's a free place to do business, to live and work. I mean it's not very constrictive. That are some rules and there can be serious consequences for breaking them, but for the most part it is far more laissez-faire than anything I see in the West ,and we don't have to deal with this constant woke political correct nonsense that the West seems to be suffering under something fever dream of. I don’t know what's going on with that over there.

But that said, yeah it's I think it's safe to say Thailand is a Gold hub though, back to the point of this video. Absolutely. If anything, Bangkok is probably the centre of gold trading in Southeast Asia if not maybe Asia, although that's hard to make that claim when you have got Shanghai up there and even Hong Kong, but Southeast Asia yeah, it probably is Thailand at the end of the day, in terms of real gold. Singapore may pop up and start saying "oh we do XYZ". Well is it real gold or is it paper gold? Thailand has got the real stuff. Walk down to Yawarat, Chinatown here, the epicentre of Thai gold. It's on the tables; you can walk in, cash on the barrel, walk out with a Baht of gold, that's the way it works around here, and it's great. I really love it. 

That said, it's going to be interesting to see but I think the analysis that somehow gold is driving Thailand's sort of economic prosperity, that's not the case. If anything, I think gold is being used as a safe haven asset by both foreigners and Thais and its price is basically a symptom of problems in the global economy, but I don't think that analysis can be applied with respect to Thailand specifically.