What the Heck, Rand?

[Generator Man]

3.15% down in one day?

 

[guang]

Rand is dead

 

[stormwalkerza]

http://www.busrep.co.za/index.php?fArticleId=4640975

 

[BTTB]

Good for the exporters.
The weaker Rand should balance with the current lower Oil Price.

 

[aadil-old]

recovery to R8.25 tomorrow

 

[fritzdeelman]

I don't know what to do. Stocks started crashing so I sold them. Now I own Rands that loses it's value almost just as quickly. Man how can I make my money work for me cause this is simply not working.

 

[MacNabs]

I don't know what to do. Stocks started crashing so I sold them. Now I own Rands that loses it's value almost just as quickly. Man how can I make my money work for me cause this is simply not working.

simply put. Unless you can buy some gold move your rands out of sa. Buy euros, but get your money out.

 

[boramk]

I don't know what to do. Stocks started crashing so I sold them. Now I own Rands that loses it's value almost just as quickly. Man how can I make my money work for me cause this is simply not working.

Stick with it... Think long term... The volatility of the market is always temporary

 

[MacNabs]

recovery to R8.25 tomorrow

i also heard from a very good source that they expecting snow in jhb tomorrow.

 

[pos(t)er]

Stick with it... Think long term... The volatility of the market is always temporary

Usually this is the way to go, but i just read an article in Beeld that advises against this, as this time the crisis is on a larger scale and may last longer.

 

[boramk]

Usually this is the way to go, but i just read an article in Beeld that advises against this, as this time the crisis is on a larger scale and may last longer.

Think LONG term.. Think this way... 2010
Or Buy Gold

 

[pos(t)er]

Well if you can hold out money for that amount of time, yes, but he sounded a little desperate.

 

[Sneeky]

The rand will end the year 20% weaker than what it is now.

Wager, 6 cyber beers anyone!

 

[Ozymandias]

Stick with it... Think long term... The volatility of the market is always temporary

I agree. The Dollar is ultimately in for a big fall. The bank rescue plan is only a temporary reprieve. It only addresses the symptoms of the financial crisis and not the causes.

 

[MacNabs]

recovery to R8.25 tomorrow

so now the new set value of the rand is 8.25? What happened to it being just over 7.50 just a month ago? A real recovery would be to the R5.50 something where it was about a year ago. Personally in these times i would be very worried if my money was tied up in rands.

 

[boramk]

Or 7.08 just a bit ago as well

 

[MacNabs]

I agree. The Dollar is ultimately in for a big fall. The bank rescue plan is only a temporary reprieve. It only addresses the symptoms of the financial crisis and not the causes.

dollar drops! Rand drops harder and further to the dollar. If the dollar worsens further its going to affect sa and the rand more than most people think. The rand is loosing its value to other currencies too, currently R15 to the £.

 

[fritzdeelman]

Maybe I should buy lots of canned food - might be worth more than gold if things get REALLY bad

 

[Ozymandias]

dollar drops! Rand drops harder and further to the dollar. If the dollar worsens further its going to affect sa and the rand more than most people think. The rand is loosing its value to other currencies too, currently R15 to the £.

I don't agree with you that the drop in the Dollar means a harder fall for the Rand. There is no doubt that what happens in the American economy affects the rest of the world. A drop in the Dollar, over time, will be a result of non-US holders of Dollar denominated assets, dumping them and heading for safer havens. I predict that the US is heading for an extremely hard landing. I think ours will be much softer.

 

[MacNabs]

I don't agree with you that the drop in the Dollar means a harder fall for the Rand. There is no doubt that what happens in the American economy affects the rest of the world. A drop in the Dollar, over time, will be a result of non-US holders of Dollar denominated assets, dumping them and heading for safer havens. I predict that the US is heading for an extremely hard landing. I think ours will be much softer.

then the rand should be improving against the dollar during there times. Not losing its value to it.