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R/$ currency future versus Newgold single stock future

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EkisDoep
Frequent Contributor
Please help me with understanding which one is more profitable in the current market; i.e. Rand getting weaker and gold price rising. To buy 1 x GLDQ future one needs a margin of R1200 and to buy 1 x ZARUS currency future one needs a margin of R550. Both for roughly the same exposure - about R8000. Am I correct in saying that the R/$ future will give you better earnings on your margin? That is assuming that the Rand gets weaker and gold price stonger in the same relation, let's say 10% weaker and 10% stronger.
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Fredsed
Super Contributor
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