Zimbabwe’s Gold coin forex defined – State of The Nation
https://www.youtube .com/watch?v=vERWCw9F0bQ
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Remember Gaddafi, Libya. Unless we’re in league with the American cooperate wankers….
Despite the economic downturn,I’m so happy☺️, I have been earning $ 23,000 returns from my $7,000 investment every 13days..
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Trading is very volatile and it’s not something that gives you guaranteed profits, stop misleading people mate we are tired of you people.
SCAM BOT ALERT!!!!!
This will only help the few, connected, Z… elite…. Not the ordinary citizen. So sad.
Ok but the point is that the few will invest in gold coins instead of speculating with US dollars, reducing volatility in the forex market and bringing a measure of stability to the Zim economy and thus reducing inflation.That’s the hope anyway.
@tof39ish Do you notice that the countries having gold coins….introduced them when the economy was stable? These won’t help anything in our situation. Let’s give it time and we will revisit this conversation again.
Hi ,How do i invest in Zimbabwe Gold coin is there anyone could help?
What about the prospects of arbitrage? I could just buy the coin in Zim dollars which will be a much much lower price if I’m getting the money from the black market then just sell in USD and return that same money to the black market and i easily have double what i paid in the first place.
You sale it to who in USD when they can also get them from fidelity … Unless you sale outside Zimbabwe maybe …but that also involves costs of sending the coin there and risk of being robbed…
That’s actually what they want you to do until everyone want the local currency to buy it
“For the time being” wow wow wow….lol
How about few guys with connections just printing/typing rtgses into their own accounts, ‘buys’ the gold coins on the formal market….sells them for USDs, bounces the USDs in international accounts then stashes the money let’s say in the Maldives, or City of London, or Swiss or Cayman…you know more or less
What is ZANU up to now?
Gold coins are better than cattle which has as been our go to store of value because they don’t have the challenge of keepin them..
Can you explain a bit how this is an investment again 🙄?
Banks always have their hands in the cookie jar l would rather keep it myself
I always enjoy watching these vids. Extremely well thought out!
Great video. Love your content.
Thank you for this video, very informative
Gold content in coins is roughly 91 to 92% . They charging world market price . If one has to sell his/her coins they will suffer an 8% loss .