OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

You couldn’t pay me enuff to visit S. Africa-let alone invest in any PM miners based there–And the market still carries on as if the South African banking system is the most respected and stable in the world

Posted by Richard640 @ 16:07 on September 21, 2018  
With all the stuff going down in South Africa as of late (as if what has been happening for the last 5 years wasn’t enough) like land expropriations and thinking like this:
And the market still carries on as if the South African banking system is the most respected and stable in the world and that the “Rainbow Nation” economy is an economic miracle.
Dow Jones Global Bank Index relative to FirstRand in USDs

What fool would be short world banks on a P/book of 1x and long FirstRand on a P/book of 3x?

And that isn’t even taking into account the socio economic macro trends of South Africa and the “expropriation” policies/desires of the ANC government.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.