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In 1971, the US dollar was backed by gold. That is, until President Richard Nixon disestablished that relationship. 

Since then, the US dollar has lost 87% of its value, meaning that one dollar buys only 12.5% of what it could back then. These figures were published on Sept 29, 2024. Today it is even worse. Tony Coleman, Managing Director of New Zealand Gold Merchants, discusses gold’s subsequent and sustained rise in value and why this has happened, with Leighton Smith. November 5th, 2025.

Continue reading Leighton Smith Podcast: Tony Coleman On Trading Gold Today →

Tony Coleman discusses the rise of gold and what this could mean for New Zealanders.

Continue reading Will the price of gold continue its upward trend? →

With gold prices hitting historic highs, New Zealanders are rediscovering the hidden value of old jewellery, heirlooms and even manufacturing scraps.

A new way to invest in gold is gaining traction with savvy Kiwis.

For the first time in our 40+ year history, we’ve opened our doors to the media. Markets with Madison visited New Zealand Gold Merchants for a behind-the-scenes look at how we operate, from vault to counter. Managing Director Tony Coleman guided the tour, sharing the story, processes, and values that shape our family business.