Important Update: All High-Value dealers responsible for important FICA Compliance update
Dear Valued Clients, We trust this newsletter finds you well We are writing to bring your attention to a significant development that affects all high-value dealers within our sector. Recent changes in legislation have officially designated the precious metal investments industry as an accountable institution under the Financial Intelligence Centre Act (FICA). This move aims […]
Six Key Factors Influencing Precious Metal Prices: Current Trends and Future Outlook
The global market for precious metals, encompassing gold, silver, platinum and others, is a complex and dynamic arena influenced by a variety of factors. These metals hold significant value in various sectors, ranging from jewellery and industry to finance, often acting as a barometer for economic health as well as investor and collector sentiment. To […]
Golden Rules for Investors: What to Know Before Buying Physical Precious Metals
It’s a fantasy that may resonate with people of a certain era: swimming in a vault piled nearly to the ceiling with glittering gold bullion. This was a regular pastime of the cartoon character Scrooge McDuck in the late 1980s animated classic “Duck Tales.” It’s a scene that has led some to consider Scrooge McDuck […]
The Fuzzy Concept of Saving for Retirement
Saving for retirement is that fuzzy concept that exists in the back-corridors of your mind when you are young. You hear “older” people talk about it; some with fondness and excitement, while others with some fear and trepidation. As you start your professional career, maybe start a family, and even buy a home, the concept […]
Rand Review
Yesterday, my longest standing friend, from school days and investor in precious metals, Kurt Mälzer, asked me, Will the rand continue to strengthen? This was my reply. I don’t pretend to know what the rand can and will do. What I do know is that according to Dawie Roodt, the Efficient Group’s economist, who is […]
Precious Metals Market Expected to Top $400 Billion in Next Five Years
The global precious metals market is on pace to top $400 billion within the next five years. According to Fortune Business Insights, an India-based consultancy company, the precious metals market is on pace to hit $403.1 billion by 2028, driven primarily by the gold market. This is up from $275 billion in 2021. The projected […]
Is Central Banks’ License to Print Money About to Expire?
One of the biggest reasons for people deciding to buy gold bars or to own silver coins is because of the folly of central banks and government. It seems bizarre to most people that we are all aware that money doesn’t grow on trees and yet those responsible for financial stability have forgotten this basic […]
Let’s Get Physical
A lot of people fall into the trap of thinking that they don’t have to physically own their precious metals. Either they think they can leverage their position better by buying mining stocks, or they think the futures contracts or ETFs they own are as good as gold. As I have mentioned, that’s just plain […]
Who are you, and what’s your plan
You need a Plan!The more I study, the more I am absolutely convinced there is no better place to be for this portion of the cycle than in precious metals. I never doubt my choices anymore, and every question I come up with always has the same answer. Investing in precious metals is the safest […]
Beware the pitfalls
Treachery, Fraud, Scams, Cons, Rackets, Swindles, Hoodwinking, Chicanery, Flimflammery and Bamboozlement!In the precious metals sector most of the dealers are honest, hardworking people. However, there are a lot of cons and scams to watch out for. I have condensed a few of the best, most creative cons, to give you an idea of what to […]
