Wednesday, October 3, 2012

Gold v Houses - the Mainstream Catches Up

Wow, a local New Zealand business website just published figures analysing the median house prices to gold over the last 20 years. Sounds like the journo may have been reading my blog. I publish these figures every month.

Oh well, better late than never. There's not a lot of analysis on gold though, but that's to be expected. The author probably didn't want to be classed as a 'gold bug' in a mainstream publication. But as we know, the term 'gold-bug' is merely a distracting phrase used by those who don't understand gold or are deliberately being mischievous.

Have a read here

My September figures will be out as soon as the REINZ publish them. I predict a slowing of the house price increases and a better ratio for gold.

Gold in New Zealand dollars: $2147.04 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $41.76 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
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