so what was your thinking when you bought gold?
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What the Heck, Rand?
- Thread starter Generator Man
- Start date
so what was your thinking when you bought gold?
Generator Man
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Hey Skinner, I don't think what you sold the GTi for can be summed as massive in any currency, even Zim Dorrahs 
Generator Man
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The only gold he bought is that one used to fill the holes in his teeth
Abe
Expert Member
Better still, how did he buy gold? Did he buy shares in gold producers, kruger rands, futures?
Generator Man
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Arthur
Honorary Master
As we speak it takes R8.754 to buy one US dollar.
Arthur
Honorary Master
... now it's R8.7776 and falling...
Generator Man
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Farking hell.
Arthur
Honorary Master
... R8.8047 ...
Turiko
Banned
Deja-vu here we come, a repeat of 2001-2002, except this time there'll be no commission of inquiry
Arthur
Honorary Master
... R8.8959...
PS. I am quoting Rand Sell Midrate (ie how many Rand it takes to buy a dollar. Media tend to quote Rand Buy Rate, ie how many Rand you get for a dollar -- I want to see what my Rand is worth in dollars - not really interested in bringing dollars into SA).
PS. I am quoting Rand Sell Midrate (ie how many Rand it takes to buy a dollar. Media tend to quote Rand Buy Rate, ie how many Rand you get for a dollar -- I want to see what my Rand is worth in dollars - not really interested in bringing dollars into SA).
I am off to Japan end Oct on vacation. Bought my yen a month ago at a rate I thought was crap.
As of this moment, I can SELL my Yen back to the bank, with the HUGE difference between buying and selling rates, and still make R4700 profit!
Bloody Rand is screwed.
Still have to pay R15K for a hotel there on my CC, and that is going to cost me a few K more too. Our currency sucks!
G26
As of this moment, I can SELL my Yen back to the bank, with the HUGE difference between buying and selling rates, and still make R4700 profit!
Bloody Rand is screwed.
Still have to pay R15K for a hotel there on my CC, and that is going to cost me a few K more too. Our currency sucks!
G26
Last edited:
Arthur
Honorary Master
... R9.0783 ...
Lycanthrope
Honorary Master
Ouch...
Arthur
Honorary Master
... ABSA's already quoting R9.1082 ...
This is becoming ugly.
Major European banks are tanking.
Soon China will follow ...
Hold on, chaps. And I do mean hold on -- don't sell!
This is becoming ugly.
Major European banks are tanking.
Soon China will follow ...
Hold on, chaps. And I do mean hold on -- don't sell!
Generator Man
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Guys, keep in mind the bank quotes are including their commission and profit margins.
My live currency and share trading portal is showing the Rand as following:
17:23pm
Bid: 8.82.78
Offer: 8.84.08
The highest it traded today was R8.97.31 and it opened at R8.47.72
There is massive trading on the Rand at the moment, it can go up or down by 5 cents in a matter of seconds, which shows big selling/buying.
I hazard a guess that the traders are trying to recoup the huge losses (almost 10% on Sasol shares, similar across the board) by trading in Rand.
My live currency and share trading portal is showing the Rand as following:
17:23pm
Bid: 8.82.78
Offer: 8.84.08
The highest it traded today was R8.97.31 and it opened at R8.47.72
There is massive trading on the Rand at the moment, it can go up or down by 5 cents in a matter of seconds, which shows big selling/buying.
I hazard a guess that the traders are trying to recoup the huge losses (almost 10% on Sasol shares, similar across the board) by trading in Rand.