Yikes. I just looked at the NZD price for the first time in a couple of months or so. Up about 15% at $NZ3718 today.
Would the Baltimore Bridge be affecting the price in some way? Or just a continuation of previous pressures?
IMHO it's a safe haven buying from many areas Central Banks have been and continue to be Major Buyers (what do they know?)
When rates are cut Inflation 2.0 will surge .. Gold will head towards $5000koz USD this decade IMHO
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
IMHO it's a safe haven buying from many areas Central Banks have been and continue to be Major Buyers (what do they know?)
When rates are cut Inflation 2.0 will surge .. Gold will head towards $5000koz USD this decade IMHO
And with China wanting to replace the USD as a reserve currency, and with Russia and NATO Europe at loggerheads, I can see the appeal.
I inherited eight Victorian era sovereigns which are in safe custody. When valued 6 years ago, half the value was from numismatic collector appeal. These days their value will be mostly from bullion value I guess.
Bookmarks