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Thursday, September 1, 2011

Stamp Investment Tip: Thailand 1988 Buddha Monthon Celebrations Souvenir Sheet (Scott #1291)

In 1988, Thailand issued a souvenir sheet commemorating its annual Buddha Monthon celebrations (Scott #1291). Only 20,000 were issued, and Scott '11 prices it unused at $24.00

I favor the sheet as both a investment in Thailand's economic group, and as a Buddhist topical. There are hundreds of millions of Buddhists in the world, and most live in the the rapidly developing countries of East Asia.

A nation of 66 million people, Thailand is the second largest economy in Southeast Asia after Indonesia. Despite this, Thailand ranks midway in the wealth spread in Southeast Asia as it is the 4th richest nation according to GDP per capita, after Singapore, Brunei and Malaysia. Though most of the country's population still works in agriculture, the relative contribution of agriculture to GDP has declined while exports of goods and services have increased. Major industries include automobiles and automotive parts, financial services, electric appliances and components, tourism, cement,, appliances, computers and parts, furniture, plastics, textiles and garments, agricultural processing, beverages, and tobacco. Annual GDP growth has averaged just over 3% over the last 5 years, but this takes into account a 2% contraction in 2010, due to the global financial crisis.

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