It’s been nearly 16 years since Bitcoin went live… And through all its trials and tribulations, the largest crypto is now accepted as an alternative and viable asset class. If you’re a South African Investor member, you may have already profited from some of our cryptocurrency trade ideas. But one of the most exciting crypto trades available to us south Africans right now is Crypto Arbitrage.
Read MoreMany countries employ regulations that govern offshore financial transactions. South Africa is no different. As a South African, two of the most important concepts to understand are your Single Discretionary Allowance(SDA) and Foreign Investment Allowance (FIA). These allowances affect how much money you can invest overseas, as well as how you can invest it. Failure to adhere to these regulations could cost you a lot of money in fines.
Read MoreBillionaire CEOs have been aggressively selling their own shares. So far in 2024… Amazon’s Jeff Bezos share sales total more than $13 billion… Nvidia’s CEO Jensen Huang has raked in a $713 million windfall… Palantir’s CEO Alex Karp’s sold over $177 million worth of the company’s shares… And it’s not only CEOs!
Read Morein a recent interview with Guy Algeo from Finova, he told me, thanks to our foreign exchange regulations, there is a way for South Africans to virtually guarantee their profits using crypto arbitrage. When I heard this, I begged him to tell me more…
He said it’s possible to make 1% or more per day on your money and it’s pretty much guaranteed!
Platinum is up 7% since I wrote about why platinum prices have performed poorly over the past five years. In the article which you can read here, I revealed a catalyst that could contribute to its price reversal and it appears this could be one of the three contributing reasons to platinum’s recent rise.
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