Gold hits R19000/oz, up 16% this year

February 8th, 2016

It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so. Mark Twain The pet rock is continuing its upwards trend for the year. It is currently standing at R 19,150/oz, up 16.6% year-to-date (as measured in South African Rands). I’ve already shared most of […]

SARB Hikes Rates: Death Of The Middle Class Accelerates

January 28th, 2016

The South African Reserve Bank’s Monetary Policy Committee just announced that they are hiking interest rates by a further 50 basis points, following a small 25 basis point hike last November. I am surprised by the SARB’s aggressive action. Even though I thought we might see a 25 basis point hike (in an attempt to […]

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Is Energy The Next Big Investment?

January 22nd, 2016

Over the last two years the oil price fell more than 70% (measured in US$). The downturn was both epic and brutal. The victims are now starting to emerge and it is not going to be pretty. Many of the shale producers in the US are drowning in debt and not profitable at the current […]

Gold Breaches R18000/oz, Up 11% In Two Weeks!

January 17th, 2016

The price of Gold breached R 18,000/oz for the first time ever on the 11th of January 2016. It is currently standing on R 18,239/oz. Let’s take a look at the price of Gold in South African Rands (ZAR) over the last 30 years, and the returns a saver would have earned had they bought […]


Gold hits all time high: R16000/oz

September 24th, 2015

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 […]

What about platinum and palladium?

July 27th, 2015

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 […]

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What will happen between 2015 and 2017?

July 25th, 2015

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. […]

SARB hikes interest rates

July 23rd, 2015

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 […]


Bitcoin – the new safe-haven currency of the world?

July 12th, 2015

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 […]

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Updated: Budget Planner Excel Spreadsheet

June 26th, 2015

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.

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