https://www.youtube .com/watch?v=AdsTPczC9Tc
Inflation is back again in the Republic of Zimbabwe but this time the government has vowed to help people preserve their wealth. In the latest offering, monetary authorities at Zimbabwe’s Central Bank, the Reserve Bank of Zimbabwe together with the authorities at Zimbabwe’s Ministry of Finance and Economic Development have announced that they will soon avail gold coins which citizens can buy and use as a way to preserve their wealth. Here are my thoughts on the matter, let me know what you think. +++++ Here’s the notice from the authorities: https://www.rbz.co.zw/documents/press/2022/June/Press-Statement—Introduction-of-Gold-Coins.pdf +++++ 00:00 Intro 01:03 My case for Gold 02:05 My case against Gold 02:11 This seems like an inflation hedge for the rich and not for the masses 03:41 Gold will not pay you dividends 04:37 I have trust issues with the coin issuers 05:25 The coins might eventually meet the same fate that Old Mutual shares faced 07:21 Will these coins be actually available for sale in ZWL at the interbank rate? 09:46 Yeah, robberies of these coins are a possibility 11:13 Can the state forcefully acquire back these coins? 13:17 Outro +++++ And if you love my content; don’t forget to SUBSCRIBE and SHARE with your friends!Want to follow my not so good social media handles? Twitter: https://twitter.com/maroofafrica Facebook: https://www.facebook.com/maroofafrica/Prefer email instead? Then shoot me something on [email protected] appreciate you! Maro+++++ Maro does not offer investment advice and Maro is not a registered investment advisor. The information provided is from Maro’s experiences which may differ from the experiences of other investors or other people. Past performance is not indicative of future results.
