Insights and views into the gold market from Michael O'Kane at New Zealand Mint.
Thursday, 28 May 2009
Update 28 May
Budget this afternoon, should be interesting to see results reflected with the S&P and the NZDUSD exchange rate
German company introduces a Gold bullion dispensing ATM
Ever wanted to stop smoking? a great blog from Mike (In Tokyo) Rogers
Wednesday, 27 May 2009
update 27 May
Gold price still stable however the NZD is still climbing ( more like the USD is still dropping )
Mike is world famous in New Zealand - TV3's ASB business show today
Time life pictorial on why printing money can be dangerous
An interesting article on the state of mind in the US currently - a man is bieng prosecuted for paying in Gold and Silver coins
Friday, 22 May 2009
Update 22 May
Sorry for the gap in updates, it's been a busy few weeks.
We're currently experiencing a resurgence in the USD$ gold price - again a move to safehaven investments due to instability in the US dollar and the equities markets.
Global investment in gold has increased by up to 38% in the first quarter year on year.
Bad news on the property investment front in NZ.
Thursday, 7 May 2009
update Thursday 07 May
Gold price in NZD And USD daily average
A busy night - with the gold price bouncing back over USD$900, but offset by a similar increase in the NZDUSD cross rate. The big story at the moment is the bank stress tests, with the news being positive or negative depending upon your location.
Gold closes higher on thoughts of inflation ahead
Dollar Falls Further Versus Resurgent Resource-Linked Currencies
What investors need to know about the stress tests
Wednesday, 6 May 2009
Update 06 May 2009
Gold price in NZD (blue) and USD (Green) daily average
A busy night, the US Fed reserve believe we are at the bottom and climbing back out of the recession. Gold broke through USD$910 before dropping back down to just below USD$900 at close.
NY gold ends up on fund buying amid inflation worry
Gold rises on worries over banks; copper falls first day in five
Gold Climbs to One-Week High as Dollar Declines; Platinum Gains
Tuesday, 5 May 2009
Update Tuesday 05 May 09
Gold price in USD(Green) and NZD(Blue) daily.
NY gold ends higher on inflation fear, weak dollar
China's Gold Buy Raises Eyebrows For Right Reasons
Australian, New Zealand Dollars Rise as Slump May Be Easing
Monday, 4 May 2009
Update Monday 04 May
GOLD NZD$ price 04 May 2009
May day through most of the world, so markets were fairly quiet on Friday.
Gold falls as investors rediscover their appetite for risk
Warren Buffett: Inflation on the horizon
Friday, 1 May 2009
Friday, 01 May 2009
NZD$ Gold price daily
EUR Gold price daily
USD Gold price Daily
A quiet night, Chrysler has filed for bankruptcy and and US Treasuries are down.
The good news, Swine flu is no longer (hello 2009 H1N1)
On the global bullion front - gold sales are up in India and still running strong in Dubai
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