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Rand and gold

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SimonPB
Valued Contributor
from last nights show ..

Rand to move stronger as people buy our market and visit SA for world cup .. http://bit.ly/Mw50p
Gold, only high is the weak US$ .. http://bit.ly/3sHrug
all links @ www.twitter.com/jsedirect
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38 REPLIES 38
Not applicable
I often hear market commentators saying to invest in int markets to benefit from strong ZAR. What would be the best route to follow to invest in international markets? (didn't listen to ur show)
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SimonPB
Valued Contributor
well if rand going stronger and international markets going nowhere why would one want to invest internationally ??
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Not applicable
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DEP
Super Contributor
SA, our exporters and the tax man cannot afford a stronger Rand. A strong Rand is damaging our chances of recovery. Eish, where are those noisy politicians?
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SimonPB
Valued Contributor
politicians got no clout with Mr Market ..
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saash
Super Contributor
You don't think that another "shower cure for aids" campaign could help?
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DEP
Super Contributor
Only way, is for the SARB to buy forex.
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HateGauteng
Super Contributor
Noisy politicians worked in the 90's but the market doesn't seem to give a damn nowadays. Unless we go the Zim route, in that case be careful what you ask for.
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Not applicable
Malema for president in 2012!
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SimonPB
Valued Contributor
last time SARB tried to influence the Rand, they lost by US$26billion ..
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DEP
Super Contributor
So what the solution? The Aussies do it, the Chinese do it, the Japanese etc, why can't SA look after its exporters?
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SimonPB
Valued Contributor
OZ failed in that their currency strengthened .. china and japan very different stories as they have truck loads of reserves .. they are the two biggest holders of US t bills ..
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warhippo
Super Contributor
Nothing goes higher and stronger forever and that includes the rand -(what made it go weak in the first place?) and international markets are not going "nowhere" forever - which by the way is not the case. This in itself may be a good opportunity to enter international markets now for trading and investment with your current strong rand. Also good backup for your children one day when studying and looking for a job over there!!
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SimonPB
Valued Contributor
maybe .. reality is that many international markets have gone sideways for a decade and japan peaked in the late 80's .. further where is growth coming from in Europe/US ?? At best they return to normal some time around 2013/2015 .. in the mean time expect little or nothing in the mean time .. an with respect, people been saying what you say for the last decade .. and they mostly lost money ..
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HateGauteng
Super Contributor
. . .and when WW3 breaks out in the Northern hemisphere, you'll probably want your children right here in SA.
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Not applicable
Meddling with the rand is a futile excercise, almost all countries that have tried to peg their currencies have failed. Far better to keep inflation in check, and ensure that business can make margins in lower cost environments. If politicians really want to sort out our competitiveness in a strong rand environment, sort out eskom & transnet, get a free trade zone in SADC, so that we can use cheaper labour across the border - IMO. Yes, jobs will be lost in SA, but I personally believe that hte support & peripheral industries will absorb that jobloss.
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Not applicable
In Dec 2001 the Rand was R11.5 odd to the dollar and in 3 years it strengthened by 50% to R5.70 to the dollar. Are we looking at that same scenario now? ie R5.70/$ over the next 2 years?
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SimonPB
Valued Contributor
21 dec 2001 .. rand was 13.61 ..
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Wizard
Super Contributor
U just bacame org's best friend ... He comes here ones every 6 months and tells us about that WW3. US and EU vs Iran ....Great stuff!! No contest!
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