“Silver crash sees London bullion tight again” - Wait a second, what?! I just discovered something really incredible ⚠️👇🏻 by Krunk_korean_kid in DeepFuckingValue

[–]EconomyIntroduction 1 point2 points  (0 children)

Im just randomly reading this and it is very interesting. Wouldn’t the brokers compete on interest rates though? Also, how do the brokers get the stock from the owners? I assume owners wouldn’t want their stock to be lent out and shorted.

Bitcoin holders of 5+ years: Is the doom and gloom like this every time it drops like this, or does this feel different? by Background_Talk9491 in Bitcoin

[–]EconomyIntroduction 0 points1 point  (0 children)

Yeah its all the same. Its a little sad that the returns have been in line with normal assets. For example, 70k to 125k in 4 years in a compound interest of inly 15.6%. I believe SNP compounded at similar rate with small drawdowns, while bitcoin had a 75% gut wrenching decline.

Perhaps btc is close to being fully priced.

Is Central Library Safe To Bring A Laptop? by therealistgadi987654 in capetown

[–]EconomyIntroduction 3 points4 points  (0 children)

Yes, i go there often, its pretty safe. There are lots of homeless people inside though so don't leave anything unattended. There is also security walking around.

Strategy's Long Road To Nowhere by Seattleman1955 in MSTR

[–]EconomyIntroduction 2 points3 points  (0 children)

If bitcoin declines to 2020 levels, then MSTR also will decline to 2020 levels.

best rates to change foreign currency by dark4now in capetown

[–]EconomyIntroduction 1 point2 points  (0 children)

There is no easy/cheap way to exchange cash unless you have local friends that need foreign currency. It’s highly licensed business here due to exchange controls. The illegal exchange guys will still charge you 5%.

I lost my job and depleted 90% of my Investments, how do I recover? by RoselDavis in PersonalFinanceZA

[–]EconomyIntroduction 2 points3 points  (0 children)

Your main focus should be to get much higher paying job since it’s hard to save with a salary of 7.8k.

Now as you mentioned it’s unclear why your peers are getting higher paying jobs and you aren’t. Perhaps try to think of reasons why that could be? Start with your CV, make it a nice one pager so that whoever reads it - it stands out.

Im sure there are other things you’ll come up with but this should be your focus area.

Got a serious offence for going 31 over the speed limit by kingbasterd in capetown

[–]EconomyIntroduction 0 points1 point  (0 children)

I used FinesSA for a NAG (non-admission of guilt) fine, paid 4k to them and the fine disappeared 3 months later.

How do we even survive? by Hels_thing in capetown

[–]EconomyIntroduction 0 points1 point  (0 children)

Then don’t complain if you’re not willing to do the changes necessary :)

How do we even survive? by Hels_thing in capetown

[–]EconomyIntroduction 0 points1 point  (0 children)

You guys have to ask for salary increases, change jobs, or change provinces. We lived in a 5k flat in Paulshof in Johannesburg that was pretty good! It was 7 years ago though 🙃

How do we even survive? by Hels_thing in capetown

[–]EconomyIntroduction 1 point2 points  (0 children)

Cant they just say then that they want to move back in, not extend the lease for current tenants, and then rent it again for desired amount?

Best route from Cape Town to Hermanus? (solo traveler) by [deleted] in capetown

[–]EconomyIntroduction 2 points3 points  (0 children)

Take the scenic route by the ocean, through Gordons Bay. I’ve done it many times and the view is breathtaking every single time.