Old-fashioned gold more popular than ever

Old-fashioned gold more popular than ever
Dan Brunskill
Hedging high inflation, speculating for profit, avoiding a banking collapse, and preparing for the zombie apocalypse – are just some of the reasons people have been buying up gold at usually high rates.Gold prices have been on an upwards tear over the past two years, climbing 20% since the start of 2020 to trade at over US$1,942 (NZ$2,867) today.Prices have run up 6% in the past month alone as the threat of Russia invading Ukraine made people nervous about disruption to the financial system, as well the fringe possibility of nuclear war.S...

More Markets

NZ sharemarket up 0.76%
Markets Market close

NZ sharemarket up 0.76%

The S&P/NZX 50 Index closed at 11,716.44, up 88.58 points or 0.76%.

Fletcher's Martin Brydon exiting board in days
Markets

Fletcher's Martin Brydon exiting board in days

Fletcher board, come July, will be halved from the beginning of the year.

'Influential' a2 holds Synlait's future in its hands
Primary Sector

'Influential' a2 holds Synlait's future in its hands

'Deeply committed' Bright Dairy secured its own $130m loan too.

Liquor entrepreneur launches Ukraine vodka brand
Retail

Liquor entrepreneur launches Ukraine vodka brand

Alex Gledhill spent months in the war-torn country making business partnerships.