Tuesday, September 11, 2012

House Prices in New Zealand v Gold - August, 2012



As placed against gold ounces, house prices increased slightly in value. For Auckland house prices, it takes about 1 oz of gold more to buy a house in August compared to July. Prediction, based on precious metals prices stagnating over winter and now increasing, house prices are likely to deteriorate significantly against gold in September

Gold in New Zealand dollars: $2133.97 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $41.22 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
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