Laughing Buddha sitting on Luck Coins and Carrying Ingot. Budai or Pu-Tai is a Chinese folkloric deity. His name means "Cloth Sack" and comes from the bag that he is conventionally depicted as carrying. He is usually identified with or seen as an incarnation of Maitreya, the future Buddha. He is almost always shown smiling or laughing, hence his nickname in Chinese, the Laughing Buddha. The Buddha Figurine is given a darker golden finish. The glossy look makes it look even more vibrant and attracts attention easily. Always remember not to place this figure on the floor, bedroom, or bathroom. It is necessary to display it in the money area inside your house to effectively welcome blessings and harmony. This ornament can help you balance the yin and yang energy in your home.