Transcript of the above video:

As the title of this video suggests, we are discussing Gold here in Thailand. This is actually a topic that is near and dear to my heart; I am very much a gold bug as they say, but I haven't done a number of videos on gold in quite some time. There really haven't been many developments with regard to this. That said, there are certain services we can provide associated with Gold. We often times assist folks in matters pertaining to Gold, contract review pertaining to Gold as well as services associated with Gold. I will get into that at the end of this video. 

I thought of making this video after reading a recent article from Bloomberg, that is bloomberg.com, the article is titled: Thai Central Bank favors gold to shield its $210 Billion reserve. Subheading is:

• Gold is seen as a better hedge against inflation, war:
• Value of gold in Thai Forex reserves has doubled since 2019.  

Quoting further: "The Bank of Thailand views Gold as a relative safe haven in an era of high inflation and growing geopolitical risks, according to a Central Bank Official as the Southeast Asian Nation seeks to safeguard its $210 billion of foreign reserves from market turbulence." Quoting further: "The Thai Central Bank has increased its Gold holdings over the past 3 years as it diversified its investments, Deputy Governor Alisara Mahasandana said in an interview last week. She declined to get details of official gold purchases, but Central Bank data showed the value of Bullion in its reserves has doubled since 2019." That is Central Bank information. So the Bank of Thailand seems to be keen on Gold which many of the Central Banks around the world seem to be keen as well. This especially seems to be the case since the Bank for International Settlements upgraded Gold into a tier 1 asset and changed a lot of internal protocols and banking regulations associated with Gold and how gold holdings are tabulated if you will. Past that it gets a little bit beyond me. You have to get into the high weeds of sort of banking knowledge which I will admit I find fascinating but I am by no means an expert, both banking knowledge and sort of information knowledge regarding just general economics as a whole. The point of this video and the point I am trying to make it with this video is, first off that is the Bank of Thailand. 

Thailand itself the Thai people, the country as we discussed in many other videos, Thai Gold is readily available; there are many gold shops here in Thailand; Thai Gold is very fungible. As we have noted in other videos, it does have its own specific sort of weight and measure which is the Thai Baht weight gold, 96.5, which at first glance, especially as a foreigner, people say "well why would I want that?" Well when you understand the fungibility of Thai gold on the market here in Thailand, and by fungibility I mean the ability to change gold for cash and cash for gold, back and forth in real time, sort of cash on the barrel as we would say back in Kansas, that is very, very possible here in Thailand, and in fact I view it as one of the cornerstones to Thailand's resilient economy and very free market, what I would call very free enterprise style economy I think is very much hinged on Thailand's Gold sector. But I find it very interesting that this is one of those key moments in time where both the Central Bank and as anybody will tell you here in Thailand, Thais all agree, Gold is a safe haven asset and it appears that this view is being held at least here in this Southeast Asian Nation from top to bottom. 

Now that said, as to services associated with Gold here in Thailand, we here at Integrity Legal as I have discussed in prior videos, we may be able to assist you for example in drafting contracts associated with Gold but more to the point, there may also be physical assistance we can provide, especially to many of our clients who operate outside of Thailand but periodically return, as I have been asked over the years on many different occasions to assist folks in purchasing gold on their behalf while they are abroad for pickup when they arrive back in Thailand and from time to time we have been known to do that on behalf of our clients and we are probably going to see more of that occurring in the weeks and months ahead I would presume.