Wednesday, August 29, 2012

Bank Run in Spain?

Not good news for the euro:

"Data from the European Central Bank shows that outflows from Spanish commercial banks reached €74bn (£59bn) in July, twice the previous monthly record. This brings the total deposit loss over the past year to 10.9pc, replicating the pattern seen in Greece as the crisis spread."... more here

Gold in New Zealand dollars: $2070.60 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $38.01 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
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