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Police Hold Gold Shop Robbery Drill

Visith Pinpawong 06.01.2010
Police Hold Gold Shop Robbery Drill

Following last years brazen robbery on a Jomtien gold shop by three armed men who were quickly apprehended. Pattaya Police recently held a gold shop robbery drill to prepare themselves for future gold robbery crimes.

Government to promote Thailand as gold hub

The Finance Ministry will propels Thailand to be a gold-trading hub in Asia, with the hope of attracting over 1 trillion Baht a year in foreign investment and funds, according to Jitti Tangsitpakdi, president of the Gold Traders Association (GTA).

Canadian business interests are planning to invest in exploration and development of gold mining in Thailand, according to Industry Minister Chanchai Chairungruang.

Initiatives drafted to protect City’s gold shops

Police Lieutenant Sutham Chaosrithong, deputy commander of Pattaya Police chaired a meeting with the city’s goldsmiths, led by Mr. Somchai Manothaworn, President of Pattaya Goldsmith Association, to draft security measures for the proprietors and their businesses.

3 bandits quickly captured in gold heist

Sarawoot Phachareon , Visith Pinpawong 06.05.2009
3 bandits quickly captured in gold heist

More than 100 of Pattaya Police and Police Volunteers recently escorted two of the five men who staged a daring daylight robbery with assault rifles and black clothing with facemasks in paramilitary style on a Jomtien gold shop on May 4 to reenact their crime. The reenactment took place on May 6, at 11:00 am and attracted hundreds of onlookers to the former crime scene.

Gold price is predicted to reach 17,000 baht during Songkarn Festival

The Gold Association believes that the gold price will rise to 17,000 baht within the next 2 months especially during Songkarn Festival.

NEW YORK (AP) - Gold prices retreated Monday as investors cashed in on recent gains. Oil prices fell, while agriculture futures were mixed.

JUMP ON THE GOLD WAGON

With the price of gold racing higher over the past two months, more investors are coming around to the notion that the precious metal may be the best option to protect against a possible economic catastrophe. Among the surprise new buyers? Star hedge fund manager David Einhorn.


 

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