In this episode, I chat with Tom Pryor, co-founder of Baht Gold, about why high karat gold, such as 23k gold, is not commonly sold in jewelry stores in the US. Tom shares his extensive experience with Thai gold, his journey into the gold business, and the unique advantages of high karat gold. We discuss the purity and durability of 96.5% gold, the cultural and market differences between Thai and Western gold products, and practical tips on buying and selling gold in Thailand and internationally. Learn about the craftsmanship of Thai gold jewelry, the significance of hallmarks and maker's marks, and the economic and cultural factors influencing the gold market. Plus, get insights into the role of high-quality gold in supporting animal welfare through Tom's business model.
Connect with Tom Pryor:
- Website: http://www.23kgold.com/
- YouTube: @pryortuck
00:00 Introduction
01:05 Tom's Journey to Thailand and Gold
04:42 The Birth of Baht Gold Company
09:21 Understanding Thai Gold Purity
16:52 Navigating Gold Shops in Thailand
24:42 VAT on Gold Jewelry in Thailand
25:30 Avoid Buying Gold in Tourist Areas
26:05 Understanding Gold Quality Levels
26:53 The Reality of Fake Gold
28:15 Different Tiers of Gold
33:06 Custom Gold Products
38:14 Exporting Gold from Thailand
42:02 Selling Gold in the US
44:24 Purchasing and Selling Silver in Thailand
47:18 Why High Karat Gold is Rare in US Jewelry Stores
51:15 Conclusion
📖 Download my FREE gold buying guide
https://www.scottpressimone.com/gold-guide
📖 Download Tom's FREE gold cheat sheet
https://www.scottpressimone.com/gold-cheat-sheet