Gold beats banksListen to this articleRe: "Strength of baht spurs fear", (BP, Dec 24). Now, witness the latest misstep from a central bank, alas from the Thai governor Vitai Ratanakorn, blaming the baht's appreciation on capital inflows from abroad, and into the gold market. Gold is a hedge against inflation, and people with half a brain can see that inflation is eroding their purchasing power, hence the gold price is soaring. But I'm reminded of a wise saying: gold is the money of kings, silver is the money of gentlemen, and debt is the money of slaves. The US dollar is down almost 10% against the Thai baht year-to-date.

Source: Bangkok Post December 25, 2025 23:35 UTC