gold

The Cobra Gold joint military exercises were recently held in Rayong with troops arriving from all over the world to learn new skills and to share knowledge with the Thai counterparts.

A gold expert has predicted that the gold price will continue to climb to touch 20,150 baht per one-baht weight within this year.

The US dollar, already under considerable pressure and suffering from a 15-year low against the baht, has taken a further beating on the international exchanges as investors rushed to invest in gold, currently trading at between US$1,388.10 and US$1,371.10, having just reached a new record high of US$1,387.10. This can only mean good news for investors of property in Thailand whose property is now valued in the continually strengthening Baht instead of the US dollar.