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gold price in NZ$

Gold kiwi on NZD banknotes

Even after adjusting for inflation, gold has done its job as a store of value

Over the long run, gold still holds its purchasing power value, outstripping inflation in NZ dollar terms. But it can cost money to hold it, it gives no income, and converting it back into local currency comes with costs too

26th Oct 23, 1:05pm

by David Chaston

Over the long run, gold still holds its purchasing power value, outstripping inflation in NZ dollar terms. But it can cost money to hold it, it gives no income, and converting it back into local currency comes with costs too