View Full Version : So I've got a Vietnamese Kim-Thanh Gold Bar...
06-22-2011, 04:11 PM
Yes, this is my introductory posting on this forum, and I just want to say, "THANK YOU" to all of you for your wonderful and informative posts/threads...genuinely...
Anyhow I have been holding "a bit" of gold and sliver over the years and like many of you, I have become a PM advocate for sometime.
My reason for posting this thread is that...I own one of these Vietnamese Kim-Thanh (1.2057 oz) gold bars. After reading this article earlier:
I am wondering what I should do with this bar since this new list of regulations has now been drafted by the Vietnamese Government...
I understand that this "could," from a numismatic perspective, add to it's value, but in turn could also make the ability to sell it in the future very hard to do.
I'm looking for some suggestions on what any of you would do with this kind of bar after reading the above article...
Thank you very much in advance!
06-22-2011, 04:13 PM
Welcome to GIM2!
Glad you've registered.
Could you post a picture of the Kim-Thanh? I've never seen one.
It is interesting that gold, being an old relic, sure has a lot of rules and regulations
attached to it for being so, 'worthless'.
I wouldn't worry about breaking any Vietnam government laws, unless you live there of course.
As for predicting the future value, your guess is as good as mine....
06-22-2011, 04:41 PM
I've seen them http://www.steinbergs.com had one for sale recently.
I'd sell it on EBAY with a break-even reserve - and transfer the proceeds into many (read) 5 - 1/4 ounce Gold Eagles. OR MORE!
They are somewhat rare to a point and folks love to be scofflaws to buy one.
WHY AGEs in 1/4 ounce?
Because they would be more easy & recognizable down the road.
1.2 is the same as the Mexican 50 peso pieces and they are running around $1,900 now.
06-22-2011, 04:44 PM
Thank you for the welcome, Goldhedge! I truly feel honored to be apart of this site.
I took this photo with my phone, but it's sufficient enough to get an idea of what it looks like:
I definitely hear you on the idea of not violating any Vietnamese laws, but I'm just wondering if the laws and regulations are going to apply to the physical item itself, and not just the trading/acquiring principals...
I'm sure you've (Goldhedge) seen the the article floating around that I believe originally got started at zerohedge. The email that was sent out to FOREX customers regarding the illegalities of buying/selling gold over the counter on by July 15, 2011 unless you meet specific financial asset requirements...yes, this is a whole other story in it's own, but with this FOREX and Vietnamese bastioning, I'm wondering the "knock on the door" is coming. Pun intended, yes...
12-27-2012, 06:29 PM
I've just registered and this is my first posting. I have been wanting a Kim Thanh gold bar for quite some time. My husband has traveled to the Far East on multiple occasions for work and actually found one of these bars at a dumpy "off street" shop in Taiwan, but the seller wanted $300 cash, and my husband didn't have that much cash with him, as he was nearing the end of his trip. The next time he went back, the shop was gone and no one knew what happened to the gold bar or the owner of the shop. I have heard that there have been some "fake" gold bars imported into Canada, and I wouldn't mind having one of those, if I can't find a real one. I want one of these gold bars for a purely novelty reason. I am a registered nurse, and a nurse friend of mine had one made into a necklace. It had the letters "RN" on it, and I loved it so, I decided to try to find one for myself. If anyone can tell me where to look for one of these bars, please post a reply. Thank you kindly!
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