Last quote by Jim Rickards
I think most of the most of the bad news is out. The rand is right in the middle of a five-year trading range. It's gone as high as 8 (vs. the dollar) and as low as 17. How much worse can this get? [Zuma] already did the reshuffling. He fired a fairly competent finance minister. It looks like he'll survive the no-confidence vote. But if he doesn't survive and you get better leadership, then that's actually very bullish for the rand. It looks like a bottom, it looks like a good entry point.feedback
Jim Rickards has most recently been quoted in an article called They stand with the rand: Why some say South Africa's currency will weather the storm. Jim Rickards said, “My sense is I think once it stabilizes, it's actually a good opportunity to get back on the rand again.”. Jim Rickards has been quoted a grand total of 4 times in 3 articles.
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Quotes by Jim Rickards
Apr 03 2017
My sense is I think once it stabilizes, it's actually a good opportunity to get back on the rand again.feedback
Dec 27 2016
They will raise (rates) in March and then something will hit the wall, either the economy or the stock market or both. Then the Fed will backpedal from there, starting with a forward guidance then perhaps a rate cut later in the year.feedback
Aug 15 2016
Physical gold is very scarce; when the price really does break upwards, you're not going to be able to get it. The time to get it is now. When everyone wants to convert their paper to physical (gold)...there's not going to be enough to go around.feedback
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