We’ve had the odd query from other New Zealanders asking, “how much gold does the Reserve Bank of New Zealand (RBNZ) actually have?”. Our guess is people are probably asking because since the financial crisis net gold purchases by global central banks have switched from negative (i.e. they were selling), to positive (i.e. they are […]
Tag Archives: central banks
06
Apr
Apr
Last week Russia’s central bank announced a major change. It will now purchase gold from local banks at a fixed price. What are the implications on the gold price of this move? Kitco reported: …the Russian central bank will pay a fixed price of 5,000 roubles ($52) per gram between March 28 and June 30, […]
24
Nov
Nov
Two questions from readers recently on the topic of a New Zealand Central Bank Digital Currency (CBDC) and how an implementation of this will affect gold… Suzanne: With this new digital currency system they are talking about, how will gold or silver be useful ? Chris C: If NZ were to introduce a CBDC, how […]
14
Sep
Sep
Why should you become your own central bank? Does it depend on how much gold your own home country’s central bank holds? You’ll discover the answer in this article. Along with other ways to mimic central banks in protecting your finances. RBNZ Doesn’t Have Any Gold, RBA Doesn’t Have Much Either How much gold does […]
28
Jul
Jul
RBNZ Previously Said It Was “Too Early” For a Central Bank Digital Currency: Back in June 2018, we reported on a bulletin from the Reserve Bank of New Zealand. It discussed how a digital currency could be issued by a central bank and what the pros and cons of this would be. See: RBNZ on […]
22
Jun
Jun
How safe are your bank deposits? Does New Zealand have a bank deposit insurance scheme? Or is there a government bank deposit guarantee? The short answer is no. New Zealand doesn’t currently have a bank deposit protection scheme. However this looks set to change in 2023. The Labour/New Zealand First government announced a plan on […]
08
Jun
Jun
It is interesting to see a mainstream news organisation in Australia reporting on the state of the Reserve Bank of Australia's gold reserves. The Wentworth Report's David Evan summarised and commented on an article published by "The Australian". First check out David's thoughts. After that we also share some disturbing information on the one and only [...]
18
Dec
Dec
The New Zealand central bank is requiring New Zealand Banks to increase the amount of capital they hold. Why would they want to do this? Does the Reserve Bank of New Zealand (RBNZ) see some troubles looming on the horizon? Read on to find out… IMF’s Dire Warning on Global Economy In the Herald in […]
24
Sep
Sep
In September 2017 the US Federal Reserve announced that it would finally begin shrinking its $4.5 trillion balance sheet. So how has the Federal Reserve balance sheet reduction affected asset prices since then? How has the Fed stance on its balance sheet changed so far in 2019? What will happen next? Firstly, What is the […]
07
May
May
Back in 2011 we were reading a Zero Hedge article with the rather long headline: “Futures Plunge As Fed Discloses New Stress Test: Fears US Banks Will Need To Raise Tens Of Billions In New Capital”. This article outlined how the US Federal Reserve was intending to stress test 6 large US banks against a […]