Jason McInnes

[Jason McInnes @jason_mcinnes]

@jbhearn Even without an opt out, a country can simply not join ERM II to delay joining the euro indefinitely. This is exactly what Sweden has done. There is no mechanism to force a country to join ERM II. Joining the Euro may even be advantageous.

[Restore Britain @RestoreBritain]

We will prevent the Faragewave.

[Jason McInnes @jason_mcinnes]

@dwaine_van You think WC is going to be excluded from the expropriation bill which is about to be rushed through parliament?

[Jason McInnes @jason_mcinnes]

@moving_charlie @sashayanshin If rents are rising and property prices falling, surely there will be a point, quite soon, where BTL makes sense (for people with the cash to buy outright)?

[Jason McInnes @jason_mcinnes]

@rubberroad @MagnusHeystek ChatGPT is incorrect there unfortunately. It's actually closer to 11% (in ZAR terms, still not brilliant though).

[Jason McInnes @jason_mcinnes]

@MagnusHeystek R110M converted to USD in Jan 2008 (before the crash), invested into the S&P500 is worth well over R1b today. I'd be concerned if you can't even match half the return of the S&P500.

[Jason McInnes @jason_mcinnes]

@IdeasOfSamantha @dailymaverick ^^ scammer here, ignore.

[Jason McInnes @jason_mcinnes]

@nosajshack @LouisNel @MagnusHeystek TQQQ? NVDA? There are many ETFs/stocks that have done better - and not just purely on speculation that a greater fool will be there to offload onto later.

[Jason McInnes @jason_mcinnes]

@davidbelle_ @BoredAtGym Is that in GBP or USD?

[Jason McInnes @jason_mcinnes]

@mv_pow @MagnusHeystek @mybroadband Capital flight = weaker ZAR. So while ZAR in SA remains the same, it's worth less in global terms, and also drives inflation higher due to higher import costs on oil etc.

[Jason McInnes @jason_mcinnes]

@GiladIsaacs Ecoflow charges much faster, has a longer warranty and higher # of battery cycles. More expensive up front, but will cost less over the long run. Get the 2nd generation one as it's much better.

[Jason McInnes @jason_mcinnes]

@Lallana_Pyjama5 @nickhedley Yes of course. But no company is going to take on that risk, particularly with the current political climate. If SA wants to pay a fixed amount in ZAR, they should factor in the cost of forward cover, the same as anyone else.

[Jason McInnes @jason_mcinnes]

@BitcoinWitsand @MagnusHeystek Over the past year bitcon has depreciated way more than ZAR.

[Jason McInnes @jason_mcinnes]

@DonnyDunn @JayGee19281699 @wilkinsoncape ZAR depreciation against EUR/USD/GBP. Also useful to have funds outside of SA for risk mitigation. Look at Argentina - folks who held $ did OK, those who didn't, not so much.

[Jason McInnes @jason_mcinnes]

@cryptohobbes @UkPropertyLion "Cash buyers only" means there is something wrong and lenders won't touch it.

[Jason McInnes @jason_mcinnes]

@Michail_Shapiro @DawieScholtz Spot on. Are pensions included in that? How do you liquidate a part of your retirement every year to pay a wealth tax? What about primary residence? Who decides on the asset values? Completely unworkable.

[Jason McInnes @jason_mcinnes]

@dwaine_van @EricBrownJHB As I said, depends on your objectives. IGLN at 0.12% TER, physically backed, no US Situs problems nor SA systemic/political/exchange control risk meets mine better than GLD.

[Jason McInnes @jason_mcinnes]

@dwaine_van @EricBrownJHB Physical coins held offshore or IGLN/RMAU are my preference. Depending on objectives and if you want physical redemption.

[Jason McInnes @jason_mcinnes]

@dwaine_van @EricBrownJHB Both have high expense ratio. US has situs/tax issues, SA political risk (feel safer if a hedge like that is offshore). OK for a currency hedge, but not systemic political collapse.