Double Shot Interview: Mike O'Kane from NZ Mint on the pros and cons of Gold
13th May 10, 11:04am
by
Bernard Hickey talks to NZ Mint's Head of Bullion Mike O'Kane about the investment fundamentals behind gold and the logistics of ownership.
O'Kane talks about the dramas of getting hold of physical gold in the midst of the financial market panic of late 2008 and why demand for gold is near record highs amid concerns about the sustainability of fiat (paper) currencies globally.
Among the questions asked:
* Will currencies really go back onto the gold standard?
* How do you ensure any gold purchase in New Zealand doesn't incur GST?
* Why invest in gold when you can't receive any interest?
* Is peak gold a reality? Your view? We welcome your thoughts and comments below
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