Thais dipping into gold savings undermine steps to rein in baht

BNN Bloomberg/Suttinee Yuvejwattana

“Gold sales in Thailand are surging as households reach for a financial lifeline amid the pandemic, a tactic that risks complicating government efforts to tame an export-stifling rally in the nation’s currency.”

USAGOLD note: Buy gold for a rainy day. When that rainy day arrives, do not be shy about tapping your gold savings to smooth out the rough times. That is why you bought it in the first place. …… And, you can always buy it back when the good times return.

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Repost from 12-30-2020

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