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Recycle. The gold you bought is now feeding them. 

Thailand PM Tells People to Sell Gold Gradually, Not in Large Amounts

Thailand’s gold shops are running out of cash because so many people want to sell ornaments, jewelry and bars amid an economic slowdown.

“I’m asking people to sell gradually, not in large amounts, as shops may face a cash crunch,” Prime Minister Prayuth Chan-Ocha said in a briefing Wednesday in Bangkok.

The yellow metal remains a popular way for Thais to save money, but a surge in global gold prices to near the highest level in seven years has tempted many to sell. People are trying to raise money after the coronavirus-induced slowdown led to major job losses and wage cuts.



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