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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.
China’s gold buys, the limp US$ and conflicts mean gold is “hot”.
By Tony Coleman, Director, New Zealand Gold Merchants
The People’s Bank of China has led other central banks in steadily converting much of their cash holdings into gold bullion – a trend which has ramifications for the world.
Amidst geopolitical uncertainty and market volatility, gold stands out as a steadfast asset.
Traditionally a “safe haven” during turbulent times: one would expect the price of gold to increase when the economic outlook is bleak, and stabilise in times of economic optimism.
Gold shapes as a safe haven in these turbulent times.
Demand for gold is increasing sharply as the economic consequences of recent fighting between Palestine and Israel remain uncertain.
More New Zealanders are choosing to buy gold after the re-emergence of war in the historically volatile region.
On the 6th of October, the spot price of gold was $3069. On the 15th of October it had spiked to $3293.09 – more than a 7% increase in just over a week. ”
Investor says gold outperformed property over the last 25 years.
Ten years ago, Mike Hamilton was a successful businessman – but he’d “had enough of the world; I just wanted to get out of the zoo, to find some peace in my life, to do my own thing and use my head.”
Navigating the economy: Is gold the answer?
History has shown gold to be a steady investment worth keeping; it’s now proving its value again in a difficult market.
Continue reading It’s gold for a reason: Enduring value shines through recession