Cold Sea 1 Posted October 24, 2011 Noticed a 1kg gold centenary medallion listed by the ANC as a buy now for a cool R1 122 000.00. With 32 ounces of gold at R13 000.00 per ounce, that turns a decent profit of R700 000.00 Bet that won't end up in a museum. Share this post Link to post Share on other sites
xsiandreas 10 Posted October 24, 2011 It is good to have some money in gold.... but I doubt that the listed ANC medallions will sell at such high prices. Share this post Link to post Share on other sites
Guest Guest Posted October 24, 2011 What value FIAT? Hi Cold Sea I bought a 50 acre farm at Champagne Castle in 1980 for R20,000. My point? Everything is relative... the impact of inflation on FIAT funny money has been dramatic on all currencies - but none more so than in Africa.. Look at the Zim$ and the fact that the rand was once on parity with the US$... The only surprise is that gold today is not five times what it is in the paper price.. and silver at least ten. THE BOTTOM LINE: Physical gold and silver RETAIN their value over the long term. And no I wouldn't donate a brass bean to a S African museum .. including the once famous Africana Museum in JHBG which just appears to have disappeared... Kind regards Scott Balson Share this post Link to post Share on other sites
