New Zealanders moving into Gold

Due to the number of failing finance companies in New Zealand investors are turning more and more to gold according to Radio New Zealand News.

One of the traders said that there has been an increase of 30% to 40% in gold trade in the past year and that he believed that gold could go $1700/oz. New Zealand is not the largest country in the world but they do have a population of around 4 million people.

Did you know that New Zealand pioneered ‘hole in the wall’ cash dispensing, just a thought.