House Prices in New Zealand v Gold, June 2014

A movement in favour of gold in June 2014.

It now takes 25 gold ounces less (400) to buy the median priced Auckland house than it did in May.

It now takes 8 ounces less (285) to buy a median priced house in New Zealand than it did in May.

Gold in New Zealand dollars: $1517.58 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)
Low since previous high: $1477.01 (9 January, 2014)

Silver in New Zealand dollars: $24.31 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
Low since previous high: $22.26 (1 May, 2014)

_____________________________________________________________

The Anglo-Far East Company
AFE is the gold bullion custodial provider of choice for the sophisticated investor,
families, and institutions that require the highest level of discretion, competence,
safety, and service. Your reference when you order: an-001
_____________________________________________________________

Go More Raw: Raw Food for Everyday Living
Raw food can be interesting, satisfying and taste fantastic. The big bonus is the
optimum nutrition in raw food. Consultations, Classes, programs and products.
_____________________________________________________________

The Approaching Market Reversal

This from Charles Hugh Smith at PeakProsperity.com

"Though we’re constantly reassured by financial pundits and the Federal Reserve that the stock market is not a bubble and that valuations are fair, there is substantial evidence that suggests the contrary.

The market is dangerously stretched in terms of valuation and sentiment, and it does not accurately reflect fundamentals such as earnings and sales growth.

Why do we care? If we own no stocks in a retirement or other account, we don’t care; it’s mere background noise.  But if we’re exposed to the gyrations of the stock market in any way, we should care, because those who sell near the top before the market drops preserve not just their initial capital, but their winnings from the 5+-year bull market. Those who fail to sell risk losing not just their gains, but quite possibly a material chunk of their initial capital"....more

Gold in New Zealand dollars: $1507.71 per oz
Previous all-time high: $2311.02 per oz (15 Nov, 2011)
Low since previous high: $1477.01 (9 January, 2014)

Silver in New Zealand dollars: $24.15 per oz
Previous all-time high: $59.19 per oz (30 Apr, 2011)
Low since previous high: $22.26 (1 May, 2014)

_____________________________________________________________

The Anglo-Far East Company
AFE is the gold bullion custodial provider of choice for the sophisticated investor,
families, and institutions that require the highest level of discretion, competence,
safety, and service. Your reference when you order: an-001
_____________________________________________________________

Go More Raw: Real Food, Real Results
Raw food can be interesting, satisfying and taste fantastic. The big bonus is the
optimum nutrition in raw food. Consultations, Classes, programs and products.
_____________________________________________________________