Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

Uninterrupted and unprecedented credit drive gold

Reply
SimonPB
Valued Contributor
Uninterrupted and unprecedented credit drive gold .. http://ow.ly/2VD7C
0 Kudos
5 REPLIES 5
kwagga
Super Contributor
Million $ question is, how do you make money from Gold in SA ?
0 Kudos
SimonPB
Valued Contributor
sell gold coins to unsuspecting public at wide spreads and cray comm ???
0 Kudos
kwagga
Super Contributor
Exactly. Balancing act between rising Gold price in $ and a depreciating $ means very little to my pocket. Almost a zero sum game. Storm in a teacup.
0 Kudos
koos2
Super Contributor
Ha!, my sentiments also Kwagga. I think that talking heads use gold as a gap filler in South Africa when they have nothing to say, or are to afraid to put their proverbial package on the block.
0 Kudos
Shard
Super Contributor
I agree that talking heads always bring gold up whenever it makes a move, but if you look at the long term history, GLD has been a very stable and worthwhile investment. Whilst the positive correlation between USD Gold Price and Rand Strength makes it hard to make money by speculating it still comes up as a solid investment - based on history. I'd take 24% p.a. for 5 years any day.
0 Kudos