Insights and views into the gold market from Michael O'Kane at New Zealand Mint.
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.