Monday, September 16, 2013

House Prices in New Zealand v Gold, August 2013

A movement in favour of gold ounces again in August 2013.

It now takes 22 gold ounces less to buy the median priced Auckland house than it did in July (27 ounces last month). That's a 50 ounce shift in favour of gold in two months (15%). It now takes 16 ounces less to buy a median priced house in New Zealand (23 ounces less last month). A 39 ounce shift in two months (15%).





Gold
in New Zealand dollars: $1626.42 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)
Low since previous high: $1532.30 (28 June, 2013)

Silver in New Zealand dollars: $27.14 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
Low since previous high: $23.51 (28 June, 2013)
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