I overheard two people talking while I was at this specific Yahoo chat room. One was asking the other person: “Is it time to buy gold bullion?”… I was just listening unmindful of their conversations. Then I heard the older guy say that Gold will soon be very much a commodity in the Thai capital market. Well, it should follow because Gold exchange-traded funds (ETFs) will soon be hitting the Thailand stock market after the recent approval by The Capital Market Supervisory Board. As the board oversees all rule making for the Thai capital market, they agreed last month to permit two different types of gold ETFs into the market, and that’s ETF feeder fund investing in an overseas gold fund and an ETF directly investing in gold bullion in the local market.
Well, I was not eavesdropping… I just overheard them speak through voice-chat..
