“Because of its traditional gold ties, regional commerce, and generous transportation options, Thailand has now become a major transit point for international gold smuggling destined for India. The World Gold Council recently released its quarterly data on global gold trends, and the numbers are very clear: India’s gold demand cratered, dropping 32% because of the restrictions. In Thailand, however, gold demand is up 125% from the 3rd quarter of 2012. I’ve noticed this on the ground; there’s been a surge of gold shops and new inventory in the marketplace, particularly the small ‘biscuit’ bars that are easier to smuggle. Much of this is bound for India.”
http://www.sovereignman.com/offshore/not-exactly-the-brightest-way-to-smuggle-gold-13193/