Old-fashioned gold more popular than ever

Thu, 03 Mar 2022

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...

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Old-fashioned gold more popular than ever

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