As Currency Depreciates, Vietnamese and Thai Investors Flock to Gold
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Money Metals Exchange By Mike Maharrey, Money Metals Exchange The rush to buy gold in Vietnam and Thailand hasn’t let up despite high prices and long lines. Last month, the Vietnamese government launched a scheme to drive gold prices lower. The State Bank of Vietnam (SBV) sold gold bars directly to four state-owned commercial banks at 78.98 million dong (Vietnam's currency đ worth around USD 3,103.00) per tael (37.7994 grams). The banks then made the gold bars available to the public for no more than 79.98 million dong.
As Currency Depreciates, Vietnamese and Thai Investors Flock to Gold
As Currency Depreciates, Vietnamese and Thai…
As Currency Depreciates, Vietnamese and Thai Investors Flock to Gold
Money Metals Exchange By Mike Maharrey, Money Metals Exchange The rush to buy gold in Vietnam and Thailand hasn’t let up despite high prices and long lines. Last month, the Vietnamese government launched a scheme to drive gold prices lower. The State Bank of Vietnam (SBV) sold gold bars directly to four state-owned commercial banks at 78.98 million dong (Vietnam's currency đ worth around USD 3,103.00) per tael (37.7994 grams). The banks then made the gold bars available to the public for no more than 79.98 million dong.