The ZAR Exchange Rate Thread

[snoopdoggydog]

Nice!!!!

I don't know nearly enough how commodities work hence why I've never invested in this space.

Private sector I'm doing quite good in thou.

Especially with Capitec which I bought back in 2010

I do however want to start a "long term" project, buying real gold.

I would go with ABSA NEWGOLD ETF. No DEBT, No BS (like Lonmin where these companies have shareholders over a barrel)

http://www.sharenet.co.za/v3/quickshare.php?scode=GLD

 

[snoopdoggydog]

FTSE/JSE Top 40 Best Dividend Stocks

http://www.topyields.nl/jse40-best-dividend-stocks/

 

[Grant]

That is what I figured.

Now to actually buy cold bars...

Also no idea where to hide it

friends of mine have a refinery in cape town, licensed to sell gold and platinum bars to public
http://www.metcon.co.za/

 

[Thor]

friends of mine have a refinery in cape town, licensed to sell gold and platinum bars to public
http://www.metcon.co.za/

Thanks for this

 

[HavocXphere]

Announcement was only 2hrs ago so the real damage will probably begin on Monday.

Well called. Down like 60c to the gbp.

 

[snoopdoggydog]

friends of mine have a refinery in cape town, licensed to sell gold and platinum bars to public
http://www.metcon.co.za/

Nice grantza. You can also buy physical gold thru FNB brokerage account I think but they charge you a fee for storing the gold

 

[Swa]

Nice grantza. You can also buy physical gold thru FNB brokerage account I think but they charge you a fee for storing the gold

Hmmm... keep it yourself and hit any burglars over the head with it?

 

[FlashSA]

Well called. Down like 60c to the gbp.

Yeah and when I went to bed, R/$ was R14.54 :-(

 

[Dave]

Yeah and when I went to bed, R/$ was R14.54 :-(

You heard about the light at the end of the tunnel? It's just the spotlights shining on the big 15 to the $

 

[cerebus]

Oops accidentally posted

 

[cguy]

14.84 wtf just happened?

 

[naeem]

zuma just fired Nene as Finance minister

 

[thehuman]

Ish

 

[Space_Chief]

Take that foreign imperialist bankers!!!!

14.9973 to the Dollar.

 

[Knyro]

zuma just fired Nene as Finance minister

Can anybody explain why this had an adverse (and striking!) effect on the exchange rate, or point me to an in-depth analysis?

 

[Space_Chief]

Can anybody explain why this had an adverse effect on the exchange rate, or point me to an in-depth analysis?

Imperialism.

 

[konfab]

Can anybody explain why this had an adverse (and striking!) effect on the exchange rate, or point me to an in-depth analysis?

More idiocy at the top = more money that has to be borrowed/stolen/misappropriated = rand being worth less.

 

[Johnatan56]

Can anybody explain why this had an adverse (and striking!) effect on the exchange rate, or point me to an in-depth analysis?

+1

Imperialism.

More idiocy at the top = more money that has to be borrowed/stolen/misappropriated = rand being worth less.

Can you go slightly more in-depth?

 

[ScottulusMaximus]

Holy **** nuggets

 

[Knyro]

Can you go slightly more in-depth?

Or at least actually try to answer the question?