Indicative Price to buy (Sat 10.40am NZ time):
1 oz Gold bar: $2152.80 1 kg silver bar: $1432.05

Gold and Central Banks

Weekly Wanderings 27 October 2009  This week… 2 great interviews from King World news summarised. Central banks shift their reserves away from dollars, and Mish Shedlock is outraged! But first a quick word from B52 Ben… This week among the wealth of interviews at King World News, Eric has two star guests – John Hathaway, extremely highly regarded...

Casey Research: When Will Inflation Really Hit Us?

With plenty of debate around about whether it is inflation or deflation we should worry about, the folks at Casey Research are definitely in the inflation camp.  It’s worth paying heed to what they say as they were one of the few expecting the financial crisis to arrive.  They may be USA based, but with the US dollar still being the worlds reserve...

Carry Trades, the New Zealand Dollar and Gold

Weekly Wanderings 21 October 2009 This week the US dollar carry trade, gold and scary charts!…  Each week over at MaxKeiser.com, Max and Stacy present a radio show entitled “The Truth about Markets”. There are at least two variants of the show, with one slanted towards Christchurch (New Zealand) listeners. In this WW, I summarize the points discussed this...

Russia also ready to abandon the dollar

Russian Prime Minister Vladimir Putin annouced this week they are ready to consider using the Chinese and Russian national currencies when doing oil and gas deals with China, instead of the US dollar.  They will join Brazil who recently agreed to trade with China in yuan (chinese currency) instead of dollars.  Along with the annoucement last month from Iran...

When Money Becomes Worthless – (Hyperinflation Ensues)

In this article from Martin Hutchinson, he makes a very good argument for what the potential outcome of a continued flood of money into actual physical commodities, including gold, may well be… hyperinflation.  The average man on the street will likely think this scaremongering but the points he makes should be read and implications considered...