South Africans rushing to buy Krugerrands

Yup, let buy now after we hit an all time high in the gold price. :sneaky: Should have gotten in 5 years ago when this clown show started.

On the other hand, we gold/silver fanboys know - this is just the beginning.
 
Nuke said:
Yup, let buy now after we hit an all time high in the gold price. :sneaky: Should have gotten in 5 years ago when this clown show started.

On the other hand, we gold/silver fanboys know - this is just the beginning.
Click to expand...
Looks pretty good regardless of when you got in:
1718460818065.png
 

Attachments

  • 1718460799882.png
    1718460799882.png
    65.4 KB · Views: 24
ummmm seriously

that's 6% per year with compounding interest in a savings account! lol

so you made +375% profit going from $400 --> $2300 (bought and sold your 1 ounce coin) wooohooo and FNB think this is wonderful and wrote an article and had a man wear a suit with a big smile thinking he's gods gift to investing, he probably even got laid after a gobble.

take that same $400 and invest it on the S&P500 with NO reinvested dividends and you're at $6,800 or $21,300 if you reinvested the dividends.

FNB <-- we know kak about everything and continue to rip you off :mad:
Gold has no dividends and no compounding interest = it's actually pretty useless and a kak investment, but it impresses ladies.
 
At these crazy high prices?

A lot of people are about to lose a lot of money when Gold price enters a correction again. I will wait and fill up my safe with bargain buys at a later stage.
 
Wrath of Khan said:
ummmm seriously

that's 6% per year with compounding interest in a savings account! lol

so you made +375% profit going from $400 --> $2300 (bought and sold your 1 ounce coin) wooohooo and FNB think this is wonderful and wrote an article and had a man wear a suit with a big smile thinking he's gods gift to investing, he probably even got laid after a gobble.

take that same $400 and invest it on the S&P500 with NO reinvested dividends and you're at $6,800 or $21,300 if you reinvested the dividends.

FNB <-- we know kak about everything and continue to rip you off :mad:
Gold has no dividends and no compounding interest = it's actually pretty useless and a kak investment, but it impresses ladies.
Click to expand...

It is common knowledge that the markets were always going to be the only place where millionaires and billionaires are made and the only place where money really grows. There is no exception to this. There is no replacement to this. Gold was always a bad investment. But, a great safe haven when markets struggled. But, once markets recovered, investors sold off gold letting the price drop and went back to markets where they became stinking rich. This too will never change.

The country that kills its own stock exchanges and economy in the interest of the poor, inequality, BEE, diversity and inclusion has killed itself. Those countries will never recover again.
 
rvZA said:
It is common knowledge that the markets were always going to be the only place where millionaires and billionaires are made and the only place where money really grows. There is no exception to this. There is no replacement to this. Gold was always a bad investment. But, a great safe haven when markets struggled. But, once markets recovered, investors sold off gold letting the price drop and went back to markets where they became stinking rich. This too will never change.

The country that kills its own stock exchanges and economy in the interest of the poor, inequality, BEE, diversity and inclusion has killed itself. Those countries will never recover again.
Click to expand...
But you people in Krugersdorp mos only invest in cheetah skin and diamonds.
 
RedViking said:
But you people in Krugersdorp mos only invest in cheetah skin and diamonds.
Click to expand...

Never heard that one before. But hey, whatever. Back to the topic. Gold is a bad investment overall. It does not generate, remotely, what a proper stock exchange and functioning capitalist country could ever do over a 10-50 year period.
 
rvZA said:
Never heard that one before. But hey, whatever. Back to the topic. Gold is a bad investment overall. It does not generate, remotely, what a proper stock exchange and functioning capitalist country could ever do over a 10-50 year period.
Click to expand...
You don't have a safari theme going at home?
 
rvZA said:
It is common knowledge that the markets were always going to be the only place where millionaires and billionaires are made and the only place where money really grows. There is no exception to this. There is no replacement to this. Gold was always a bad investment. But, a great safe haven when markets struggled. But, once markets recovered, investors sold off gold letting the price drop and went back to markets where they became stinking rich. This too will never change.

The country that kills its own stock exchanges and economy in the interest of the poor, inequality, BEE, diversity and inclusion has killed itself. Those countries will never recover again.
Click to expand...
That literally exemplifies a GOOD investment.
 
Who's rushing? Who?

Anyway, I am no expert, but today gold is the highest trade price it has ever been, thus, probabily not a good time to buy.... :unsure:

1718627117291.png

*Above comment is probably why I am poor....
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter