Hi all We are witnessing world history and who knows what effect this will have on our businesses. I thought you might be interested in the following: Gold is almost at R5,500 an ounce with the Rand pretty stable and currently R6.48 to the US Dollar. Gold is currently $838.35 an ounce (up 2% so far today) = R5,432 an ounce. Silver is currently $15.87 (up 8% so far today- but been trailing gold somewhat lately) = R102.84. Both all time highs in Rands. USDX (US$ Index, a measure of the US $ in terms of 5 other major currencies, eg Yen, Pound, Euro, etc) still plummeting after following through its 30 year baseline at 80 (currently 75.324) in September when Bernanke (the Governor of the USA Reserve Bank, called the "Fed" (Federal Reserve) over there) dropped interest rates because of the sub-prime problems and record housing foreclosures in the USA. For the first time in many years internal politics superceded external politics. We are almost at gold's (nominal) all time hig...
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