Beyond the glitter: Can gold hedge against a falling NZ dollar?

Gold fared better than the NZ dollar in 2024. (Image: Getty)

Mon, 13 Jan 2025

Is gold a good hedging option as the New Zealand dollar continues to fall? Louis Boulanger, founder and director of investment firm LB Now, argues it is. “Gold is money” and buying gold protects the buyer from the erosion of the purchasing power of the NZ dollar, he said. The NZ dollar fell 11% against the greenback in 2024 and is already down close to 1% less than a fortnight into this year. Gold, meanwhile, gained 42% in NZ dollar terms last year, driven higher by falling interest rates, geopolitical ructions a...

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