How to cushion the coming financial fall-out
Shares, property and crypto are falling & inflation rising. Stock markets have been dropping by 7-8 per cent this year, whereas, prices of gold have been up by 7-8 per cent. What do investors do? Is it time to invest in gold?
FOMO is over. Now the world is on the road to high inflation and the highly undesirable consequence of erosion of investments – bringing that ancient symbol of wealth, gold, more into play.
A hard financial winter is coming, says gold and silver investor with an unusual story to tell.
You could say Irene Buchanan perceives a bleak future in the next decade or so – stagflation, crippling debt, civil unrest and a depression which, if it doesn’t last as long as the infamous downturn of the ‘30s, will cut just as deep.
That’s why 45-year-old Buchanan (not her real name, changed to protect her identity) has bought, and is buying gold and silver from New Zealand Gold Merchants.
Terry Sweetman’s life has been based around the buying and selling of gold.
Terry Sweetman has seen both extremes of life as a New Zealand gold buyer – from a group of West Coast hippies profiting from sifting through discarded materials at an old, closed mine to a $60 million scam in Canada.
Sweetman, who lives in Greymouth, began buying and selling gold in the 1970s when the price began to go up markedly, buying small amounts from miners tilling the black sands of the west coast and selling to gold refiners. Over the years he has bought and sold many millions of dollars’ worth of gold.