Since no-one in the financial world or main-stream media dares to breathe a word appears to be interested in reporting anything about Gold that will portray it in a positive light, it seems I am the one who gets to break the news: Gold just hit its all time high in South Africa. A few […]
After reading my admittedly depressing economic predictions for the next two years, a reader asked me what I think will happen to the platinum industry, since it is such an important industry for South Africa. Industrial vs Monetary Metals Metals like platinum and palladium are a bit different from gold and silver, because they are […]
Since no one knows the future, who can tell someone else what is to come? Ecclesiastes 8:7 A good friend recently asked me to share with him my financial and geopolitical predictions for the next two years. I told him that I gave up making predictions a long time ago, because I’m wrong too often. […]
The South African Reserve Bank’s Monetary Policy Committee just announced a moment ago that they are hiking interest rates by 25 basis points, effective tomorrow, 24 July 2015. They stated the usual concerns of weak economic growth, inflation expectations and keeping up with the Jones’, so to say, in that the US Fed is also […]
Who would have thunk it? Definitely not me. Over the last few weeks, with the combination of the Greek / Euro-zone crisis unfolding and Chinese stock market in turmoil, I was expecting a flight to the traditional safe-haven assets: Gold and Silver. I was left scratching my head as I saw the spot prices for […]
Several people asked me to add additional lines to the Expenses section in the Budget Planner Excel Spreadsheet. I finally got around to making the changes. You can download the updated version here.
Switzerland is a country where very few things begin, but many things end. F. Scott Fitzgerald On the 30th of November the Swiss will head out to vote on whether or not their currency will become partially backed by gold again. If the result is a “yes”, the Swiss National Bank will have to repatriate […]
The South African Reserve Bank (SARB) governor Gill Marcus announced yesterday that the REPO rate will be hiked by 25 basis points. This is the second rate hike this year and takes the REPO rate up to 5.75% and the prime rate up to 9.25%. Yes folks. It has started.
The best argument against democracy is a five-minute conversation with the average voter. Winston Churchill If you live in a “modern democracy” and you think you are going to vote your way out of trouble, in my judgment, you are rather optimistic.
The borrower is servant to the lender, except when borrowing to finance the purchase of a house, or a car. Proverbs 22:7, New International Baby Boomer Translation