Roger C. Wren

As an Investment, Gold's Just a Brick

I have lived in Thailand for three years. There are dozens of gold shops in every city of any size. Every Thai lady wants gold chains and ornaments. They know that there is no record anywhere that they have the gold and that anytime they have a serious need for money they can take a chain to a gold shop and walk out in ten minutes with cash. Try to talk one of them into one of the alternatives in the above article? Waste of time and breath.