https://www.youtube .com/watch?v=AdsTPczC9Tc
Inflation is again once more within the Republic of Zimbabwe however this time the federal government has vowed to assist folks protect their wealth. Within the newest providing, financial authorities at Zimbabwe’s Central Financial institution, the Reserve Financial institution of Zimbabwe along with the authorities at Zimbabwe’s Ministry of Finance and Financial Growth have introduced that they’ll quickly avail gold cash which residents should purchase and use as a option to protect their wealth. Listed here are my ideas on the matter, let me know what you assume. +++++ Here is the discover from the authorities: https://www.rbz.co.zw/paperwork/press/2022/June/Press-Assertion—Introduction-of-Gold-Cash.pdf +++++ 00:00 Intro 01:03 My case for Gold 02:05 My case in opposition to Gold 02:11 This looks as if an inflation hedge for the wealthy and never for the plenty 03:41 Gold is not going to pay you dividends 04:37 I’ve belief points with the coin issuers 05:25 The cash would possibly finally meet the identical destiny that Outdated Mutual shares confronted 07:21 Will these cash be truly accessible on the market in ZWL on the interbank price? 09:46 Yeah, robberies of those cash are a chance 11:13 Can the state forcefully purchase again these cash? 13:17 Outro +++++ And when you love my content material; remember to SUBSCRIBE and SHARE with your pals! Wish to comply with my not so good social media handles? Twitter: https://twitter.com/maroofafrica Fb: https://www.fb.com/maroofafrica/ Desire e mail as an alternative? Then shoot me one thing on [email protected] I admire you! Maro +++++ Maro doesn’t provide funding recommendation and Maro will not be a registered funding advisor. The data offered is from Maro’s experiences which can differ from the experiences of different traders or different folks. Previous efficiency will not be indicative of future outcomes.
Maro of Africa
I am enjoying your passion and very diverse views on this topic. Please note: This is not a video about gold as an asset class but about gold coins that are being issued by monetary authorities and about options that Zimbabwean investors have
AHSAN Swati
They should launch silver coins.
D33Lux
You don’t have to keep the gold in a bank, many people just hide it in their home. If you have alot you buy a safe. Who’s going to know you have that tiny coin. Not all stocks pay dividends, you also have to pay taxes on any gains that you claim as income. With gold you have to pay no income and can be sold to anyone. Its good to have your currency in different assets.
eBaab
@D33Lux if you live in Switzerland it is OK to have a safe, in most of Africa that would be an invitation to visit you with an AK.
D33Lux
@eBaab What a ridiculous response. Who’s gonna know what you have in your home, do people have x-ray vision. No logic to your comment.
eBaab
@D33Lux you can take this up with any African, but your wealth and assets will be common knowledge in the local criminal community. I do have first hand experience of this.
Andrew Loftus
Buy xrp bitcoin you can’t go wrong
Afro TechMan
The American government is watching.
Paul Green
What are your thoughts on Bitcoin?
Saad Bin Rehman
It’s a scam.
Alvin Foreign
Urimbwa doozvi
Lloyd Drewson Rockefeller
Can purchase them in rtgs
Christopher Wongai Lester
Iwewe watengwa chete chaukuda kuti vanhu vasafambe in line with their government, what i have seen is you guys when you advise against the government you don’t give a proper alternative, you only want to see chaos in african countries and i know CIA agents who speak shona always taking care of our local advances knowing it’s easy to devide than to unite,
Bernard Koranteng
Gold increase in value with time when all other paper like dollars, pounds and euros devalue gold remains or increases. Shut up and study gold.
divine Light
i thought you said maru at first and immediately thought competitive starcraft 2
Ja Son2
If you can mass stamp small 1 gram coins down to £50 worth, then i can see it working.
I purchased a small commemorative coin for over the weight price at £69. For aesthetic purposes.
But would happily trade/ barter a common coins weight for produce, seems fair
James Hollingsworth
You are absolutely correct; placing your faith in central banks, crypto, or politician’s promises is a recipe for disaster. Your example of the U.S. abandoning the gold standard is the perfect storm because the Government couldn’t print un-backed currency to deficit spend until they dumped the attachment to gold. The U.S. is now trying desperately to follow Zimbabwe’s example with multi digit inflation being the result. Great analysis.
Finley Adam
I recommended a professional broker to you guys sometime ago,can i get person who invested with her
Comment below
Alexander Lester
@Kevin Larry You can write her here👇
w@+𝟙(𝟚𝟘𝟡) 𝟛𝟚𝟛-𝟚𝟚𝟜𝟘
👆
Kevin Larry
Thanks I just contacted her
Gilbert Felix
Can invest with her from south Africa 🇿🇦 ?
Williams Jeffrey
@Gilbert Felix yes you can invest with her from anywhere
4-UP
I can agree with him that i wouldnt accept any form of currency other than the US Dollar;exchanging with zimbabwe’s dollar looses value within the coin, thats defeating the purpose.
The zimbabwe gold coin is 999.9 pure gold, i would invest in a heartbeat.
4-UP
Do not make deals internationally or a bi-lateral relations especially china.
Manny Diaz
If its a store of value why are they selling.