Risk Management Socialization for the Diaspora’s Gold Investment in Thailand

Abstract

Gold has traditionally served as a primary wealth preservation instrument for the Indonesian diaspora. However, the rapid transition toward digital gold investment and increasing global market volatility present new financial risks that are often misunderstood by migrant communities. This study reports on a risk management socialization and education program conducted at the Thammislam Foundation School for the Indonesian community residing and working in Thailand. Utilizing a practical educational framework, the program implemented a simplified stress-testing simulation to evaluate and enhance participants' financial resilience against extreme economic scenarios, such as sharp fluctuations in the Thai Baht (THB) against the Indonesian Rupiah (IDR) and global gold price crashes. The findings suggest that simulation-based education effectively transitions the diaspora’s investment behavior from cultural habit to informed risk-aware decision-making.