Thursday, October 4, 2012

Worldwide Race to Debase

When everyone is debasing their currencies together, it is difficult to get a perspective on value. How do we measure the value of our labour or assets when we are deliberately producing more units of measure against the 'thing' measured. Sound complex? Not really, look at the charts provided by goldsilver.com and weep.

In New Zealand, with reference to the NZD, we are just above where we were last year at this time. But, as from January 1, 2012 we are doing better according to the figures.

Gold in New Zealand dollars: $2171.10 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)

Silver in New Zealand dollars: $42.27 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
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