The ZAR Exchange Rate Thread

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brucem said:
Current levels of quantitative easing were held, when majority expected a decrease. Draghi was was more hawkish than expected
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Hi buddy, I think you have it wrong. Even though current levels of quantitative easing remained the same they were extended to 2017 and the majority expected a increase. That's why the EUR jumped and stocks tanked. Please check and correct me if I'm wrong.
 
Xarog said:
Sure, but I'm curious to know what people's decisions were, and why.

I feel comfortable staying where I am, but to be quite honest if I was playing the "move to another country to avoid the **** show" game, I'd move to Russia. I suspect most people would disagree with me, though, but I'd find the discussion about it stimulating nonetheless. :p
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We can be neighbors Xarog. Russia's main stock market up 30% YTD
 
snoopdoggydog said:
Hi buddy, I think you have it wrong. Even though current levels of quantitative easing remained the same they were extended to 2017 and the majority expected a increase. That's why the EUR jumped and stocks tanked. Please check and correct me if I'm wrong.
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That's right, carelessly written by me, thanks
 
snoopdoggydog said:
We can be neighbors Xarog. Russia's main stock market up 30% YTD
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I don't care about the stock market. What I care about are the relatively low levels of debt and a robust financial system that can maintain some sense of internal consistency in the event of a worldwide financial catastrophe.
 
Xarog said:
I don't care about the stock market. What I care about are the relatively low levels of debt and a robust financial system that can maintain some sense of internal consistency in the event of a worldwide financial catastrophe.
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That doesn't exist
 
Thor187 said:
That doesn't exist
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Russia has their own currency and their own payment system that exists outside of SWIFT. Their government has also followed a policy of financial independence due to the neccessity of not making themselves vulnerable to having their economy messed with by the United States.

So yes it does exist; when the debt bomb goes off, Russia will suffer like the rest of the world, but their financial/currency system will remain intact.
 
Xarog said:
Russia has their own currency and their own payment system that exists outside of SWIFT. Their government has also followed a policy of financial independence due to the neccessity of not making themselves vulnerable to having their economy messed with by the United States.

So yes it does exist; when the debt bomb goes off, Russia will suffer like the rest of the world, but their financial/currency system will remain intact.
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Pretty sure that if things go sideways nobody will be left standing, incl Russia.
 
Stuff is way to interconnected & even if things are theoretically separated loss of confidence can easily jump such barriers.

Short of north korea style isolation I just don't think its enough.
 
HavocXphere said:
Stuff is way to interconnected & even if things are theoretically separated loss of confidence can easily jump such barriers.

Short of north korea style isolation I just don't think its enough.
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As far as I can tell, Europe needs Russian gas. The Russians have been stockpiling gold since Putin made his famous Munich speech and everything the Russians have done since then speaks of ensuring that they'll remain afloat when things inevitably go pear shaped.

Not everyone failed to see the systemic weaknesses revealed by the 2007/2008 financial crisis. And from where I sit, Russia's made every conceivable conscious effort to not get hit by the blowback that's inevitably coming the World's way.
 
Xarog said:
Russia has their own currency and their own payment system that exists outside of SWIFT. Their government has also followed a policy of financial independence due to the neccessity of not making themselves vulnerable to having their economy messed with by the United States.

So yes it does exist; when the debt bomb goes off, Russia will suffer like the rest of the world, but their financial/currency system will remain intact.
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True I admit, hence why I am Pro Russia, just didn't know other people feel this way too.

I must change my statement to

It doesn't exist in the western world since the western world is build on debt
 
Xarog said:
As far as I can tell, Europe needs Russian gas. The Russians have been stockpiling gold since Putin made his famous Munich speech and everything the Russians have done since then speaks of ensuring that they'll remain afloat when things inevitably go pear shaped.

Not everyone failed to see the systemic weaknesses revealed by the 2007/2008 financial crisis. And from where I sit, Russia's made every conceivable conscious effort to not get hit by the blowback that's inevitably coming the World's way.
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Slight side note.

I'm a man of statistics and I've only been following the global markets and financial systems for the past 2 or so years and I've come to the conclusion that every 18/20 years the financial system "resets" (financial crisis) so in my opinion a global repeat of 2008/09 is already in process and is to be expected according to statistics.


So my question, how can one befit what would be the right commodities and shares to buy in anticipation of this?
 
Thor187 said:
Slight side note.

I'm a man of statistics and I've only been following the global markets and financial systems for the past 2 or so years and I've come to the conclusion that every 18/20 years the financial system "resets" (financial crisis) so in my opinion a global repeat of 2008/09 is already in process and is to be expected according to statistics.


So my question, how can one befit what would be the right commodities and shares to buy in anticipation of this?
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http://www.zerohedge.com/news/2015-04-24/rehypothecation-gold-and-why-it-matters

Depends on how bad you think things are going to get. If the currencies go, then gold (actual physical gold, not the gold certificates) will be worth a hell of a lot more relative to most assets today. It's really ironic that one of the things that they had to do to make QE work was short the gold price with paper certificates on purpose. China and Russia (and to a lesser degree India) probably can't stop smiling over the idiocy of that particular stunt.
 
Xarog said:
http://www.zerohedge.com/news/2015-04-24/rehypothecation-gold-and-why-it-matters

Depends on how bad you think things are going to get. If the currencies go, then gold (actual physical gold, not the gold certificates) will be worth a hell of a lot more relative to most assets today. It's really ironic that one of the things that they had to do to make QE work was short the gold price with paper certificates on purpose. China and Russia (and to a lesser degree India) probably can't stop smiling over the idiocy of that particular stunt.
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That is what I figured.

Now to actually buy cold bars...

Also no idea where to hide it
 
Thor187 said:
Slight side note.

I'm a man of statistics and I've only been following the global markets and financial systems for the past 2 or so years and I've come to the conclusion that every 18/20 years the financial system "resets" (financial crisis) so in my opinion a global repeat of 2008/09 is already in process and is to be expected according to statistics.


So my question, how can one befit what would be the right commodities and shares to buy in anticipation of this?
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On Friday I bought a couple of Silver paper contracts. Let me show you what happened on Friday to Gold & Silver. I caught the whole ride up. My profit is in $. I'm 'hoping' this is the start of a Bull Run in those metals.

Gold.jpg

Silv.jpg
 
snoopdoggydog said:
On Friday I bought a couple of Silver paper contracts. Let me show you what happened on Friday to Gold & Silver. I caught the whole ride up. My profit is in $. I'm 'hoping' this is the start of a Bull Run in those metals.

View attachment 321585

View attachment 321587
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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.
 
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