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

Could NZ house values drop by 80%?

Could NZ house values drop by 80%?

Feb 23, 2010

Past data shows they sure could when priced in gold. As usual there’s plenty of discussion in the mainstream media about where house prices are going. Given New Zealanders predilection for property it’s no surprise. However the prices used are always and only the nominal NZ dollar prices. And as discussed in this previous article, The Current Stage of the...

Gold Kiosks evidence of gold bubble in NZ?‎

From the Sunday Star Times comes this article outlining how Gold Buyers Kiosks are popping up in New Zealand Malls.  Gold kiosks panned for poor prices KIOSKS HAVE sprung up in shopping malls all over the country offering to buy your unwanted gold as US dollar prices soar, but they may not always offer the best deal for those tempted to sell. GoldBuyers...

America—A Country of Serfs Ruled By Oligarchs

This week in our musings, we have some thoughts of our own – and thoughts of others that we have found interesting….   Some thoughts on China… Marc Faber – If the Chinese were to develop a taste for coffee, to the extent that, on average, every adult were to drink one cup of coffee per day,  China would consume the entire world’s coffee crop…. The...

Jim Sinclair: Greece is merely the first in a chain of sovereign defaults

This week in our musings, we have some thoughts of our own – and thoughts of others that we have found interesting…. So you’re wondering if gold’s in a bubble? One current point of interest is investing legend John Paulson’s recent establishment of a gold fund. Several commentators have pointed out that although he has put in $150 million of his own...

Jim Rickards: A tidal wave of demand for gold

This article is a summary of comments by Jim Rickards, who was interviewed recently by Eric King, over at King World News. Mr Rickards is a writer, lawyer and economist with a long and very distinguished record in the global capital markets.  He is Senior Managing Director at Omnis, Inc., a consulting firm in McLean, VA and is the leading practitioner at the...