A message from Tony Coleman, Director
Our business is still operating
The lockdown has had an impact on our business, with the refining and manufacturing operations temporarily closed during Level 4, meaning we have had to import more gold and silver products than we usually would and are experiencing a backlog in fulfilling orders.
In December I wrote that I believed 2020 was going to be another strong year for New Zealand Dollar priced gold, and as yet I haven’t been disappointed.
From a market close at Christmas 2019 of $2245/oz gold to the time of writing, gold has just pushed through $2633/oz (up 17.2% as at 24/2/2020).
Bite sized money matters: Negative interest rates
“Negative interest rates are a legacy of the 2008 financial crisis. By bailing out insolvent banks and then allowing them to lever up 100x higher than before the crisis; the only recourse global central banks have now is to slow-default on trillions of debt via negative rates.” Max Keiser via Twitter @maxkeiser July 29, 2019