gawguy Posted July 28, 2008 Author Report Share Posted July 28, 2008 Why not diversify in the US? I wouldn't trust a Thai bank acc esp if you are a foreigner than one in the US? I am guarding against the collapse of the US dollar and assure a future in Thailand. Link to comment Share on other sites More sharing options...
mongatu Posted August 12, 2008 Report Share Posted August 12, 2008 Yes, the further collapse of the US dollar is a real possibility (if not probability) and a real concern. I'm not sure what to do about it though. It is not as simple as just holding baht because Thailand's economy is just as likely to melt down. It seems we're probably f*cked whatever we do. Link to comment Share on other sites More sharing options...
samak Posted August 13, 2008 Report Share Posted August 13, 2008 usd has just reached a 5 months or so high! Link to comment Share on other sites More sharing options...
mongatu Posted August 17, 2008 Report Share Posted August 17, 2008 Yes, that's nice. Still pretty low compared to a few years ago though. At least it's headed in the right direction . . . for now. Link to comment Share on other sites More sharing options...
WorldFun Posted August 29, 2008 Report Share Posted August 29, 2008 Thai deposit insurance covers all banks operating in Thailand as long as the account is in Thai Baht. Same same other countries But as said why run any risk simply deposit with any reliable country globally say Hong Kong or Jersey! Link to comment Share on other sites More sharing options...
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