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Jerry Schuitema
- Sep 9, 2019
- 4 min
Losing our marbles.
How much can we still trust prices and statistics? As pre-teen kids one of our favourite schoolyard games was marbles. We would draw a circle and each player would place some marbles in it and then take turns in pitching a bigger marble or "goon" at them. Those struck out of the circle would be claimed by the pitcher. The initial marble supply would be bought from the local “keffie”, a mining town store that sold anything from stale chicken pies to bicycles. Soon a secondary
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Jerry Schuitema
- Sep 18, 2017
- 4 min
Gold, Bitcoin and the Dollar.
Connecting some frightening dots in the undercurrent of market turmoil. Are we seeing signs of a return to gold backed currencies? It’s a valid question in the light of a deal now being implemented between China and Russia. China, the world’s biggest oil importer is de-dollarizing its oil bill with its biggest supplier, Russia, by paying in Yuan that can be converted into gold. That, in effect, means gold backing for a major currency in a highly significant international tran
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Jerry Schuitema
- Mar 21, 2017
- 4 min
The Gold and BitCoin tussle.
Round one to Darth Vader. The parody I scripted about a year ago, pitching Darth Vader representing crypto-currencies against Blackbeard the Pirate representing gold, in jostling for position as a viable option to fiat currencies, may have become less sardonic. The price of one BitCoin has overtaken the price of an ounce of gold for the first time – touching on $1300, with gold at about $1240 on the day. Since then, both have eased, swopping lead positions in a market dance,
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Jerry Schuitema. (Scribbles from the past)
- Mar 5, 2017
- 4 min
Crypto coins and pieces of eight.
(Bitcoin has surpassed gold in value. Something I mooted a year ago.) Will past and future money dance on the grave of the present? My father was a gold miner. I spent some time underground as an onsetter; my younger brother worked at the Chamber of Mines, and my older brother, Berend, was a “shift-boss” for a number of years. Apart from sharing his mine-official internship with Roger Kebble, Berend in his Blog, the Golden Thread has captured some fascinating and valuable his
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