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Originally Posted by Daytr
Gold back towards all time highs.
I've been long silver which has a lot of catching up to do with gold.
Gold stocks should have a great day.
In NZD terms, Silver has a comparatively recent surge, and is up by about 450% in 20 years. Gold is up by about 530%.
In that 20 yr period NZ inflation CPI is up by 67%; Housing cost index is up by 246%; NZX50 Gross is up by about 350%.
Wages are up 110%
Last edited by Bjauck; Today at 09:08 AM.
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Originally Posted by Bjauck
In NZD terms, Silver has a comparatively recent surge, and is up by about 450% in 20 years. Gold is up by about 530%.
In that 20 yr period NZ inflation CPI is up by 67%; Housing cost index is up by 246%; NZX50 Gross is up by about 350%.
Wages are up 110%
Yeah the turn in gold almost coincided with my commodities career. I remember when gold was about USD220/toz and gold had been going down for 20 years but now was below production costs.
Central banks including NZ had finished their selling & miners stopped hedging and in some cases bought back their hedge books.
Gold topped out just below $2000 in 2011 and silver $49.
Gold now 20% higher than that, silver still has 60% to go just to match those previous highs.
The gold / silver ratio is currently circa 77.
In the last 20 years it's traded on average about 67 so just on that basis silver should be 20% higher.
Last edited by Daytr; Today at 11:09 AM.
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Never a dull moment in commodities! I wonder if China has resumed buying gold again.
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Originally Posted by Bjauck
Never a dull moment in commodities! I wonder if China has resumed buying gold again.
Hopefully soon. That will give the market some momentum.
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Originally Posted by Bjauck
In NZD terms, Silver has a comparatively recent surge, and is up by about 450% in 20 years. Gold is up by about 530%.
In that 20 yr period NZ inflation CPI is up by 67%; Housing cost index is up by 246%; NZX50 Gross is up by about 350%.
Wages are up 110%
Where did you get those stats from?
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Originally Posted by Aaron
Where did you get those stats from?
They are approximate. Reserve Bank Inflation calculator https://www.rbnz.govt.nz/monetary-po...ion-calculator and https://goldprice.org/
Last edited by Bjauck; Today at 01:51 PM.
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