🌠Worldwide Markets Ep. 646 – 3 September 2025
ðŸŽ™ï¸ Hosted by Simon Brown
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📈 Key Topics This Week
🌠Emerging Markets: 20 Years of Poor Returns
EM ETFs have underperformed vs. the US and gold
20-year CAGR:
📊 NASDAQ: +1,400% (14.5% CAGR)
🟡 Gold: +700% (10.9% CAGR)
🇺🇸 S&P 500: +440% (8.7% CAGR)
🌠Emerging Markets: +193% (5.5% CAGR)
BRIC dream (Brazil, Russia, India, China) never delivered ðŸ’
Headwinds: financial crises, currency depreciation 💸, weaker governance 📉
🟡 Gold & ⚪ Silver Running
Gold futures hit $3,560/oz 🚀
Central banks now hold more gold than US Treasuries
Silver back above $40, near 2011 highs
Stagflation worries (low growth, high inflation, debt) → gold demand surges
Gold weekly chart | 02 September 2025
🛒 Shoprite* Results & 60/60 Growth
Checkers 60/60 delivered R18.9bn revenue ðŸŽðŸ“¦
That’s nearly 20% of Checkers’ sales & close to Pick n Pay’s market cap
Strong results, inflation at just 2.3% ✅
Stock price up ~5%
🚗 Record August Vehicle Sales
51,880 units sold, highest since Oct 2019
Brands leading:
🚙 Toyota (13k+)
🚗 Suzuki (~6.5k)
🇨🇳 Rising share from Chinese brands (GWM, Chery, JAC)
Trend: consumers keeping cars longer, turning to cheaper imports ðŸ·ï¸
🧪 ASP Isotopes JSE Listing
Listed ahead of Renergen* takeover
Local pricing looks wildly inflated at R1,100 vs. realistic ~R165 📉
Very thin volumes; caution urged âš ï¸
🌠Geopolitics: New World Order
India 🤠Russia 🤠China meeting – cooperation on energy, fertilizers, space & security
Growing shift away from USD towards RMB in oil settlement
US power not gone yet, but cracks in global dominance showing ðŸ›ï¸
🔑 Takeaways
EM equities have disappointed; US tech dominance continues 💻
Gold remains a hedge in uncertain times 🟡
Shoprite Sixty60 is now a R20bn business 🚚
Car sales at record highs, boosted by affordable Chinese brands 🚘
Watch out for weird valuations in new listings 👀
Geopolitics shifting – 2025 could be a turning point ðŸŒ
📌 Next week’s episode will be late – Simon’s at LeaderX on Tuesday. Come say hi if you’re there! 🙌
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