January 6, 2009
Bangkok (Manager Online) - About 30-40 gold shops and brokerage firms are ready to serve the Gold Futures, according to the Gold Traders Association of Thailand.
It is expected that brokerage companies will be the first group to invest in the Gold Futures.
The trading fee is under study.
Relating units were urged to deal with counterfeit orders. Illegal orders earlier happened with SECC shares.
Gold is an interesting investment choice, especially for long-term investors because its price does not change much over time.
Gold price should not be more than about 14,000 baht in the first quarter of 2009, according to Pichaya Pisuthikul, secretary-general of the Gold Traders Association of Thailand.
Gold sales dropped by 30-40 percent in 2008.
Oil prices decreased 100 dollars per barrel last year even though the Organization of the Petroleum Exporting Countries (OPEC) group cut its capacity.
