The Rand is collapsing !

Oh ****, let me redo this flippen quote. Do you have any future predictions? like for the following two weeks?
 
Mmm.. wild guess R12.5 against the dollar and R20 against the pound
 
No predictions at this stage ... the market doesn't know where this is going ... I know traders in London & they're working overtime tonight
 
From what I've been told:

Any 'risky' investment is being sold off quickly by investors due to a lack of confidence in emerging markets and the fear of US recession. By selling off - they shore up their balance sheets and - ironically - are investing in US Dollar bond securities which are currently the safest option due to them being guaranteed by the US government.

So in a nutshell - they are selling off Rands ( or pesos, or rupees or other emerging market currency ) and they are buying dollars instead ( despite the fact that the US economy is the one suffering the most ) The short term dollar Treasury market is currently the 'safe haven' of choice for nervous investors.
 
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DDV TECH said:
It all sound very orchestrated..saves the US a lot of problems...bastards
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Its just a matter of banks minimising their risk as much as possible, its not a conspiracy orchestrated by the US government or anything.
 
R14.44 to the Euro

R14.44 to the Euro + huge sum in Euros converted to Rands in SA + I am returning to SA = total happiness and life fulfillment with parties, boats and German girls.

Life is good. :cool:

That is all. :cool:

ps. R10.69 to the $, for those that have Dollars :)
 
R14.15 to the Euro!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I am celebrating!!!!!!!!!!! Tranferring every micro Euro cent I have to Rands!!!!!!!!
 
Skinner said:
R14.15 to the Euro!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I am celebrating!!!!!!!!!!! Tranferring every micro Euro cent I have to Rands!!!!!!!!
Click to expand...

And now you are more well off than Bill Gates, congrats...

Dang you are one irritating person. Your one string violin is begging for retirement.
:mad:
 
At least he is highlighting his own fortune now instead of the misfortune of those on the receiving end. Much better Skinner.;)
 
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