Gold prices

Wow, has anyone seen the latest gold price. It was NZD1142 per oz. that is the highest it has ever been. We had heard that they expect it to reach NZD2000.00 per oz in the next couple of years. Hard to believe, that that is the way it seems to be heading. People are moving away from the money markets into gold, and I spose with what the world has just been through you can see why.

I'm wondering if anyone is out there thinking about buying jewellery it would be a good investment not to mention the fact that it isn't going to get cheaper. In the last 10 years the price of gold has gone up almost two and a half times., and silver has doubled.

Not to mention diamonds, they are on the way up as well. If the exchange rate comes down again that will put the price up even higher for us as everything is done in US dollars.

Not much we can do about it, but it might be worth thinking about making a jewellery purchase if you have any spare cash.

Just a thought...