Finance——Kan
5 Ways to Trade Gold and Profit Without a Big Budget (in Thailand)
For anyone who wants to profit from gold but feels saving up 50,000 baht to buy gold is too much, I’ve put together 5 ways to profit from gold that come to mind.
Table of Contents
1. Buy physical gold
You don’t have to buy a full 1-baht gold bar — you can buy in installments through an app and redeem it for real gold later, for a small making charge. Or, if you just want to profit rather than own physical gold, buy in small increments and sell when the price is high.
2. Gold funds
Buy a gold fund as an alternative asset in a modest proportion of your portfolio, since it’s a risky, highly volatile asset. You can choose funds that hedge currency risk.
3. TFEX
Futures contracts on gold prices — 99.9% (Gold Online Futures) and 96.5% (Gold Futures). You need trading knowledge and cut-loss/stop-loss discipline. You’ll need to post an initial margin to trade, and should study chart reading.
4. CFD
You can start with a small budget, but you need chart-reading skills and money management to size your positions, plus strict stop-loss discipline. Price movement and spreads differ between brokers, so it takes a fair amount of study upfront.
5. PAXG coin
I came across this through Ajarn M’s page, Tid Lao Rueang Longtun — a coin backed by real gold held in London, reliable and priced in line with gold. If you don’t want to withdraw your USDT into fiat, you can buy this coin instead as “gold” in the crypto world.
