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Gold News
Latest Precious Metal News
Get an insight into the world of gold investing by reading these wide range of articles on the latest gold news.
Gold on the Move
We have recently seen the price of gold rise strongly, pushing on to a June high of US$1,432 before profit taking the price of an ounce briefly back down below US$1,400 at the end of the month – gold is showing an aggressive upward trend. We’re not quite ready for gold to move so there’s still time to buy before that happens – but all the signs are heading towards it.
Unlike many investments such as foreign shares or property, gold avoids counterparty risks entirely, making it a smart choice when it comes to financial security.
Counterparty risk is the probability that the other party in an investment, credit, or trading transaction may not fulfil its part of the deal and may default on the contractual obligations.
If you’ve been curious about whether buying gold is the right option for you, we are here to help with answers to some of the most commonly asked questions.
Why own gold, especially in a safe country like New Zealand? In short, it’s all about reducing financial risk. These risks include things like a declining New Zealand dollar, economic recession, banking and financial meltdowns, lower New Zealand interest rates and a second GFC.
Tariff classification of gold, silver, or platinum bars, ingots, or rounds
Minted or investment bars, ingots or rounds of fine gold, fine silver, or platinum are generally bars of precious metal or rolled into strips and stamped out (struck, or minted), although some types may be made by casting.