Thursday, June 23, 2011

Its Weight in Gold: The Real Prices of Things

Here is a link to an article by Casey Research analyst Charles Vollum. It is a sobering indication of the way currencies are losing value. While the New Zealand Dollar is remaining high, others are low.
Fiat currencies the world over are being manipulated by central banks, which is distorting asset and commodity prices. Successful investing requires that investors have a good idea of what things cost and what they are really worth – and using the world's oldest and most stable form of money, gold, to compare prices is one way to get that insight.

To that end, below is a sampling of current prices measured in grams or milligrams of gold. Price comparisons are against prices as of June 10 (see here for the remaining article)

Gold in New Zealand dollars: $1899.88 per oz
Previous all time high: $1955.10 per oz

Silver in New Zealand dollars: $44.57 per oz
Previous all time high: $48.58
per oz

Articles of interest:


Greek Savers Rush for Gold

See article here
gata.org


Euro Crises: Greek Austerity

See article here
cnbc.com
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The Anglo-Far East Company
The Original Private Bullion Custodian
Your reference: an-001
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