Sunday, December 22, 2013

Still lots of reasons to hold gold

This from The Telegraph in London. Note the paragraph about Gresham's law. Important.
The market price of gold might have fallen during the year but hoarding of the precious metal by individuals and central banks is approaching record levels. 
In trading terms, it has been a tough year for the yellow metal. The price has fallen 28 per cent in 12 months. But the fundamentals, characteristics and attractions of gold are undiminished because we are in times of extreme intervention by governments, the outcome of which is completely unknown. 
The first rule of investment is preservation of capital. The second is to search for gains or income that fits with your appetite for risk...more
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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
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Raw food can be interesting, satisfying and taste fantastic. The big bonus is the
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Thursday, December 12, 2013

House Prices in New Zealand v Gold, November 2013

A movement in favour of houses in November 2013.

It now takes 12 gold ounces more (379) to buy the median priced Auckland house than it did in October. It now takes 5 ounces more (260) to buy a median priced house in New Zealand.

Note that while house prices are going bananas, there has been a slowing of late. Maybe the Reserve Bank first home buyer LVRs are kicking in. But we also note that prices are only half-way to their highs against gold in May, 2005 even though they are really high in fiat money terms right now ie. house prices would have to be around a $960,000 dollar median now if you wanted the same purchasing power now in dollars as with gold in 2005.





Gold in New Zealand dollars: $0000.00 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: $00.00 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: Raw Food for Everyday Living

Raw food can be interesting, satisfying and taste fantastic. The big bonus is the
optimum nutrition in raw food. Consultations, Classes, programs and products.
_____________________________________________________________

Wednesday, December 11, 2013

Gold Supply Squeeze?

A recent interview with The Anglo-Far East Company’s Chief Market Strategist Alex Stanczyk regarding his recent visit to Switzerland and what he drills down into what is really behind the scenes of the current precious metals markets learned during his meeting with the Director of Switzerland’s largest refinery...here

Gold in New Zealand dollars: $1518.00 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: $24.56 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: Raw Food for Everyday Living

Raw food can be interesting, satisfying and taste fantastic. The big bonus is the
optimum nutrition in raw food. Consultations, Classes, programs and products.
_____________________________________________________________

Monday, December 9, 2013

Why do we value gold?

By Justin Rowlatt Presenter, Business Daily, BBC World Service

Mankind's attitude to gold is bizarre. Chemically, it is uninteresting - it barely reacts with any other element. Yet, of all the 118 elements in the periodic table, gold is the one we humans have always tended to choose to use as currency. Why?...more

Gold in New Zealand dollars: $1479.96 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: $23.41 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: Raw Food for Everyday Living

Raw food can be interesting, satisfying and taste fantastic. The big bonus is the
optimum nutrition in raw food. Consultations, Classes, programs and products.
_____________________________________________________________

Tuesday, December 3, 2013

Time for Gold Investors to Admit Defeat?

After a 12-year run, it looks like gold's wave has truly crested, and many bears are arguing that it's all downhill from here. A quick glance at a long-term gold price chart can certainly seem to confirm this impression.

Gold's price has fallen by more than a third since its 2011 high. The downturn exceeds the 2008 waterfall sell off. Many technical analysts are saying that the "damage" on the charts is too great for gold to recover.

The rout is so bad, even hardened gold (lovers) have grown quiet lately.

Is it time for gold investors to admit defeat?... more here

Gold in New Zealand dollars: $1491.50 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: $23.57 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: Raw Food for Everyday Living

Raw food can be interesting, satisfying and taste fantastic. The big bonus is the
optimum nutrition in raw food. Consultations, Classes, programs and products.
_____________________________________________________________