Wednesday, July 17, 2013

What does this graph mean?


Gold in New Zealand dollars: $1638.23 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: $25.17 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
Low since previous high: $23.51 (28 June, 2013)
_____________________________________________________________

The Anglo-Far East Company
AFE is the gold bullion custodial provider of choice for the sophisticated investor,
families, and institutions that require the highest level of discretion, competence,
safety, and service. Your reference when you order: an-001
_____________________________________________________________

Go More Raw Seven Day Raw Food Mix and Match Program

Raw food can be interesting, satisfying and taste fantastic. The big bonus is the
optimum nutrition in raw food. For seven days you can put raw food to the test
and you could be pleasantly surprised.
_____________________________________________________________

Wednesday, July 10, 2013

House Prices in New Zealand v Gold, June 2013

In June, 2013, the gold ounce to house price ratio has moved in favour of houses. However, I think this is simply a timing issue with the figures at the end of June. Especially as gold was at a bottom. This not to say that I'm trying desperately to see gold doing well. You will notice that the median house price in Auckland is down 2% according to the REINZ website (although you wouldn't know it if you read the local news).

It now takes 38 gold ounces more to buy the median priced Auckland house than it did in May, and 32 ounces more to buy a median priced house in New Zealand.

We are back to December 2009 in house values (or March 1996).




Gold in New Zealand dollars: $1593.50 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: $24.57 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
Low since previous high: $23.51 (28 June, 2013)
_____________________________________________________________

The Anglo-Far East Company
AFE is the gold bullion custodial provider of choice for the sophisticated investor,
families, and institutions that require the highest level of discretion, competence,
safety, and service. Your reference when you order: an-001
_____________________________________________________________

Go More Raw Seven Day Raw Food Mix and Match Program

Raw food can be interesting, satisfying and taste fantastic. The big bonus is the
optimum nutrition in raw food. For seven days you can put raw food to the test
and you could be pleasantly surprised.
_____________________________________________________________

Thursday, July 4, 2013

Cyprus and Gold Forgotten

Remember 2008. The NZ government saved the banking system here from collapse.

Not from an old fashioned bank run, but from a lack of liquidity. Debt deflation was destroying the system quickly. To retain confidence, the nice government men needed a quick solution. They (with tax payer backing) took all the risk and guaranteed bank deposits.

Never again will this happen. The latest NZ Reserve Bank changes and the newly created bank recovery and resolution directive in Europe now means that banks once again need not care whom they screw. The first cab of the rank in the next 2008, will be Joe Blow creditor. The hard-working plumber or builder, will suffer the first loss. This without even the banks agreeing to any structural changes. If the situation warrants a quick confidence fix, then you as a innocent depositor will have a large percentage of your wealth confiscated to strengthen the banks capital base.

And like in Cyprus, the banks will close until you have confidence. Unless, like the wealthy Russians, you get a tip-off to withdraw your savings before the cataclysm hits. But that's not likely.

And 2008 will repeat, only next time with greater consequences. They think these new laws will stop bank-runs. Nope. Only likely to increase the possibility. Do such laws give you more confidence in your local bank?

You see nothing has changed. The system is still spewing debt by the truck load to wide-eyed house buyers and those that think house prices will go up forever. Is a five year time-frame so short that our collective memories are lost?

They are betting you will not care and will forget about 2008 and Cyprus and even gold's definition as money. Will you?

Gold in New Zealand dollars: $1611.35 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: $25.37 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
Low since previous high: $23.51 (28 June, 2013)
_____________________________________________________________

The Anglo-Far East Company
AFE is the gold bullion custodial provider of choice for the sophisticated investor,
families, and institutions that require the highest level of discretion, competence,
safety, and service. Your reference when you order: an-001
_____________________________________________________________

Go More Raw Seven Day Raw Food Mix and Match Program

Raw food can be interesting, satisfying and taste fantastic. The big bonus is the
optimum nutrition in raw food. For seven days you can put raw food to the test
and you could be pleasantly surprised.
_____________________________________________________________

Wednesday, July 3, 2013

Is Gold Dead?

Here is an excellent article from Duncan Cameron of Anglo Far-East...see here.

Excerpt : "When underlying issues are not resolved, all that has been purchased with global QE is a window of seeming tranquility in the eye of the storm. If you take away that money printing, you better have your financial house boarded up, because it’s going to get cold and wet again."

Gold in New Zealand dollars: $1606.01 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: $25.20 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
Low since previous high: $23.51 (28 June, 2013)
_____________________________________________________________

The Anglo-Far East Company
AFE is the gold bullion custodial provider of choice for the sophisticated investor,
families, and institutions that require the highest level of discretion, competence,
safety, and service. Your reference when you order: an-001
_____________________________________________________________

Go More Raw Seven Day Raw Food Mix and Match Program

Raw food can be interesting, satisfying and taste fantastic. The big bonus is the
optimum nutrition in raw food. For seven days you can put raw food to the test
and you could be pleasantly surprised.
_____________________________________________________________