By The Nation
Goldsmiths are embracing new technology to facilitate the needs of gold buyers, said Boonlert Siripattarawanich, president of the Thai Goldsmith Association and CEO of Ausiris.
Gold is one of the most popular choices for low-risk investment with a constant yield, the CEO said. “Gold never loses its value no matter how long you keep it,” he pointed out. “Besides, the price of gold fluctuates very little compared to other commodities.”
Boonlert provided some tips on investing in gold: “If you want to speculate, you should set your eyes on long-term holding and sell only when the time is right, which is normally around 2-3 times per year. Gold traders can earn up to 3 per cent of profit using this strategy,” he revealed.
“Investing in gold in Thailand has never been easier,” Boonlert said. “Besides being able to buy gold at more than 7,000 shops throughout the country, the metal can also be purchased online via the Ausiris website, mobile application or even on blockchain,” he added.
“We are committed to tailoring our services to suit the lifestyle of a modern society,” Boonlert said.
Ausiris trades gold with neighbouring countries such as Laos, Myanmar, and Cambodia, he said. “However, free market policies employed by Vietnam and Malaysia could be tricky, since they allow new players to enter the Thai market and take a bite off our market share,” he added.
If you are interested in investing in gold, check out the 64th Bangkok Gems & Jewellery Fair at Impact Muangthong Thani from September 10-14. Visit www.bkkgems.com for details.