jacko

Surely he was in......2010

Errr....I don't smoke!

Actually I believe it is 'outlawed' already.Some major GO-GOs went for a while with a no-smoking policy, but it lost momentum. I believe even in Bangkok an ashtray can be provided more recently. It isn't in Thai nature to deprive someone the freedom to do something they want to do..... and we are free to not smoke too in there. More and more girls are also turning to smoking too.......

You are only looking from a HUF perspective, again. Here is an experiment,try paying a tart in Baccara equivalent of 1000 baht in HUF! There was mention in a newspaper I read recently that Hungary is likely to default on it's debt. Which I believe is rated as junk status. An old article... The forint weakened 1.5 percent today and traded at 316.11 per euro at 7:15 p.m. in Budapest. It lost 16 percent since June 30, making it the worst-performing currency in the world. The government’s 10-year bonds slid, lifting the yield above 9 percent for the first time since 2009. Credit-default swaps rose to 646 basis points, a record high. Here is what the value of your deposit relative to USD did yesterday.....

I don't think he ever did a GO-GO bar....smart fellah!

Man you do complicate life.PS... did you walk everywhere with that $100 in your pocket and no gas in the big-ass SUV?

Well no, certainly not a person who does not travel outside the country of that currency. Applies to a lot of USA guys I think, many who struggle with the concept of other currencies than the almighty $. Or are you just speaking of BMs under the presumption all have been to Thailand? Being a speculator, or a trader is something quite specialised....... even what the OP is offering to me has nothing to do with currency speculation.... simply it is lending money to a country that is quite desperate for investment, and offering high interest on the loans.

Well put OP!

Stacy Keach

Morgan Freeman

Agreed.... I think we need to see a few more people to come forth admitting to knowing the OP.... so far only Gabor, (and MM, but it seemed 'oblique'?). But it is a step from knowing someone, to endorsing him as a trustworthy recipient of one's hard earned. I can understand, as I have had things come my way like this, and due to past issues, I was unwilling to move forward. When I did, I was pleased for once, but it was a year later before I would consider recommending myself.

The Hudsucker Proxy.

Willem Dafoe

Ralph Fiennes

That's a blow...... here we go again.

Not really a sensible way to look at it, it isn't even an annuity, your principal may be holding it's value in HUF, but you are too heavily tied in to a falling currency.. You also fail to address when the interest in HUF, is insufficient for your needs in Thai baht. In fact it is closer to what was my original aim on retirement. Which was to spend the interest and a small percentage of the principal, with the ultimate aim of having little left when I no longer needed it (my demise or my dementia!). The demise of the financial world put paid to that, interest rates became near zero! But surely your game can be taken to the past, 12 months ago, and you spend all your interest which let us say is 7% on the HUF, and 1st April 2011, you had your 100,000 Euros.You banked it in HUF, getting 265/Euro, a balance of about 26.5 Million HUF. At 7% you would get 154,600 HUF/month. On the 1st May 2011 you took out the interest, 25,800 baht(at 5.9531 HUF/baht)...not bad. On 1st April 2012, you took out the interest, 154,600 HUF, (at 7.164), 21500 baht, oops, 4 less LTs. Plus you now only have 90,000 Euros in the bank......... Had you put the Euros in the Thai bank, 4.3 million baht, take out 25kbaht/month, residue, 4.0 million baht, which is 97.000 Euros, without adding any Thai interest whatsoever (2.65% a year go). You should put your money with davebuczek! Sorry about this thread fuck OP, but in the end I recommended you!

Enjoy the downhill slalom....

Why have you invoked Euros into the calculation? I presumed you held HUF... if you are holding Euros, you are protecting yourself against HUF devaluation.If not, your principal is devaluing. You have also double invoked the exchange rates. The way I see it, you had 2,650,000 HUF in the summertime (worth 434k baht), now you have 2, 650,000 HUF (worth 371k baht...) You lost 63,000 baht on the principal and took out the interest, 30,000 baht. You are losing in baht terms!

No, it is in the other Spankys thread.Here I wish I could get a consistent review of this place! I had added as a place to try, but you seem negative about it.

Yes, but why would the only potential buyers be Thai...?Thailand has created a 2 tier market, for many things from condos to baht buses, and it seems to tick along quite nicely. The tourists are going to keep coming, in larger numbers likely, and some will be in the market for condos, the Russians are buying, they get 90 days on arrival. The Thai scene is adapting to them, even Sweethearts has a sign in Russian, one day the music inside may be too! Europeans, penniless, bankrupt, begging bowl in hand off to China!

If it was 6/baht, then became 7.17, in say a year, that is a loss of 15% in baht terms.... you would be losing by making 8% interest. I grasp that you have expenditures in Hungary, but so far this year you have needed Thai baht. I too lost the value of a small car or two, when I gambled on a falling £ and bought US$ some years ago, currency speculation is not for the faint hearted. Anyhow, this thread is about Georgia, which seems economically more steady..... and I wished to establish how well you know the OP, after all, people with something to sell generally are affable!

They can end up in a Thai company name... owned by whoever owns the company.They are also seen as an investment for Thais who do have some money, not all are penniless from the village. They are marketed cheaper than the foreign-owned 49%.

George Clooney

I prefer the guy who actually wrote it.....

Ask BigD to fetch stuff over........ due here in April.Most USA guys could probably source what you need and bring it over next trip.