QUESTION: Marty, right here in Thailand, other than freezing 3 million folks’s accounts and bending to the OECD to hunt taxes for the Europeans, now we’ve got the central financial institution is speaking about imposing a tax on buying and selling gold due to the suitable within the baht. Is Thailand committing financial suicide?
FJ
ANSWER: It seems that the Baht will peak in opposition to the greenback, maybe right here in September. Arguing to tax gold due to the rise within the foreign money is on par with the markets. We nonetheless present a Panic Cycle in 2026 for Thailand. The mix of those selections and the tensions with Cambodia doesn’t undertaking peace and concord for Thailand into 2026.
