A study to develop a policy planning strategy framework in gold market in Bangkok, Thailand

This research project proposes to develop a policy planning strategy framework for the gold market in Bangkok, Thailand. This thesis has identified not only a way to improve the efficiency and potential of the gold trading market, but also to fill the gap in knowledge that concerns the governance practices of the Sino-Thais who conduct business in the gold retail market. The gold retail market is called the ‘Throng Thu Dang’ (TTD). This retail gold market trading is the most popular type of trading for pure gold of 96.5%. It requires a revised plan to support current and future market problems. This paper also establishes the background and setting of the project including key definitions in the gold trading industry. It sets out the background and history of the Thai gold industry including the cooperation between the Native-Thai government and the Sino-Thai TTD shops. The Sino-Thai and Native-Thai culture that oversee the way business is managed, the lack of regulation and monitoring, the earning capacity of the goldsmiths and their improved employment prospects, the lack of global competitiveness and the lost opportunities to improve the Thai economy.