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Our 'stable government' makes NZ a safe place to store gold

Our 'stable government' makes NZ a safe place to store gold

September trade figures have revealed that two very large private shipments of gold have arrived in the country recently, the Dominion Post has reported.

Mike O'Kane of New Zealand Mint suggested it could be an overseas buyer storing their gold in this country.

"We are seeing a lot of offshore clients wanting to store here in New Zealand because we've got a nice stable government" he said.

"You've got to pay to get it shipped here, which does add a very large margin to most buyers. But if you're looking to buy and hold a large amount, then we do tick a lot of boxes."

However, after querying the shipments with Customs, Statistics NZ put the coins into the 'collectable' rather than 'investment' category.

'Pure' or investment-grade gold did not incur duty when it came into the country and generally was treated as a financial transaction by Statistics NZ. Coins such as gold sovereigns, which were less than 99.5 per cent pure, did incur GST and in this case, showed up in the trade figures.

There were apparently two large shipments of gold coins, worth $64 million and imported from Canada, but the owner or owners remain a mystery, the paper said.

We now have detailed gold, silver and other precious metals data updated daily on this service.

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23 Comments

How many tons did gardarfi and crew smuggle out of libya?

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"Our 'stable government' makes NZ a safe place to store gold."

Is this supposed to be a joke?

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More a reflection on the rest of the world. 

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I believe the statement was....we've got a nice stable government" he said.]

 Maybe, Malarkey ...nice means accomodating...! we do money laundering as well.....war criminals with cash  at premium rates......safe harbour to a better class of Pirate.

 

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Love to see a retrospective law introduce, to tax investment gold coming into the country.

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While no direct relationship exists between this expose and the imports noted above, the increasing levels of financial lawlessness in the US & UK could motivate a legally registered owner to seek another depository warehouse  destination.   

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Fiscal analysis: Why money no longer just talks

https://hat4uk.wordpress.com/2011/12/10/fiscal-analysis-why-money-no-lo…

 

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It's a fine Sunday morning and we have to stuff it up by thinking about the NZ economy and how it is bouncing along on the bottom of a sewage pond....what a waste. Bernard posts a strip in the herald trying once again to explain in language a 3 year old would grasp, why things are different...the earler efforts were lost in the RWC.

Good effort Bernard but why bother, unless you are being paid for it...same comments as last time but the order of the sentences differs.

The point being, is it worth the candle trying to get the thicko mob to understand why things are different to before 08...99% of pollies and most bureaucrats fail to grasp the new reality...

We still have the same property bloated, credit stuffed, debt saturated, imbalanced, unproductive and going nowhere economy....but three years that could have seen an effort to erradicate the garbage..wasted.

The chch rebuild...much touted...soon...next month....later in the year...in 012...late 013...doh

The rotten building, rebuilding fiasco...what a fabulous farce....

Perhaps Bernard it is time to move on ...time to set out the future for the sewage pond bottom economy...be honest...say it as it will be...heck you might get through to the fat between the ears.

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Crikey, the sparrows must fart as loudly as my puppy barks to get you up at such as early hour!

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Yeah , .. some guys wake up and worry about the state of the world , the re-build , the leaky homes and porking pollies , the gold reserves , and our national debt ..

 .... and some of us wake up , and just wonder where the toaster is ........

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It's the light see...up at 5am is a bit late but why waste the day...Bernard must be getting paid for his fluff in the herald...it's written for simple folk...

A visual presentation of the likely economic pathway to ruin for NZ is what we need to see slapped in front of the masses.

Enough of the wordgames and rehashing re-runs of reworked rubble...let's see a diagram...one with interactive buttons...so we can zoom off and be reminded that the Germans think the French are arrogant shits, where the French regard the Greeks as corrupt and lazy, the Italians as dimwitted and the Spanish see the Germans as so far up their own......

Or we could zoom off and get a handle on Obama lies and Wall street theft...

Or run a finger up the expanding NZ govt debt mountain...

 

We need a better approach to reporting this grand farce...

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Or we could ponder who's to be Bernard's target next week , seeing as items 1, 2 , 4 , 5 & 6 of Friday's Top 10 didn't pan out as he presented ....... Merkel did kick the can down the road a bit further ......no collapse of the Eurozone , the EU , the Euro , nor firing up of the sovereign country's printing presses .....

.... maybe Hickey can resume slagging off at the Chinese again , their debts / banks / bubbles / noodles / doodles and Googles ....

.... or I could just find the Gummy strawberry jam and have a tasty toasty breakkie with lashings of  coffee .. hmmm , decisions , decisions .....

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Here is an example of the sort of comment we need to see...and which we do not see...instead we get low level fluff.

 http://www.telegraph.co.uk/news/politics/8948307/David-Cameron-has-at-last-learned-to-confront-not-conciliate-in-Europe.html

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Nice one Wolly. See this:

"To work out what should happen next, one needs to understand why Mr Cameron did what he did. Although the Prime Minister is mildly Eurosceptical, his decision in the early hours of yesterday morning was not what he had intended a week earlier. He was let down by our Sir Humphreys in Brussels who mistakenly assured him that he would win enough concessions on financial regulation to permit him to sign up for a new treaty. It is hard to exaggerate how great a blow his “No” is for them: now there will be a top table and they won’t have a seat at it. They are jockeys without horses."   http://www.telegraph.co.uk/news/politics/david-cameron/8946289/With-one-little-word-Prime-Minister-David-Cameron-breaks-the-European-taboo.html   The sovereignty thing seems little more than hubris, because if he'd have got said finsec concessions he'd have probably signed up and then sent Liz's parliament another chunk of DCM.
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You gotta get out of bed earlier Les..I posted a telegraph link three hours ago!

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@ Bernard - Herald - "...hence the noise"

I wish they would turn the volume up.

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Key has nailed his govt flag to the tweak and fiddle mast on the good ship "Benefit"....it sails again on another 3 year cruise to nowhere...going along for the ride as ballast is Dunne, while another carpet bagger from the nz scrapheap of failed pollies has been given the helm...Cook never gave Banks the helm...and we know why...but not Key...he is made of different stuff...!

Down in the rear Cabinet the masters of the journey to nowehere will wine and dine and plot how best to profit from the journey. never mind that the sails are in tatters and the sheets are rotting...for down in the lower decks the rising bilge level points clearly to the journey being a soggy damp one for the crew. For them the task is to keep their heads above the level of fithy water in the bilge.

Happy are the crew who managed to launch the jolly boat in time to slip away with their baggage and small change to the relative safety of the shore to the west...

 

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Yo ho ho! Wolly has been at the rum.

 

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I knows just the way to use a Brush on my deck Basel....you better mind your tail.

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Gold anyone....FTA with the usa!....what's the bet there is a clause in the foolish agreement that opens the doors into any NZ entity holding  any American tax payer/residents gold and or cash stash...so it can be confiscated by Barry...COUNT ON IT

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Ouch..! you telling me something Wolly..?

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Could be an excellent  little earner for you , Count  , hiding the Yankee Doodle caboodle from the thieving el Presidente !

.... Walter's back in town ! .... I'm so happy , wearing  a Gummy  smile wider than Winston Peter's cheshire cat grin . ...... still reckon old Kunstie is jacked off with those editors of his comments , the banditos Chaston & Hickey .... fair enuff too ....

Life is good my friend .... gooder than the alternatives !

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a quick chorus of..... Oh Happy Day...rang out in Walters benifit ....indeed good news may he look forward to a reinvigorated assault on those pesky sniveling bureaucrats.

 As to Chaste and Hick ( John that is) our ever vigilant censors, may we look forward to

:>~       (. }{. )

improving their ability to read between the lines. 

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