Well actually Auckland property increased $100,000 in 2 months if you read the article, not bad. It won't go on forever, just like goldbugs forgot in the gold mania in 2011 that what goes up sometimes goes down.
Gold doesn't produce anything and that's why Apple Inc is worth 3 times the value of the gold in Fort Knox.
Goldbugs forgot about that.
Unfortunately for them they followed the prophecies of the 'experts' like Peter Schiff, Mike Maloney and hordes of other gold 'whizz-kids'
Who would be stupid enough to throw $500g's at a 'goldie', only a gambler?
You don't have to feel sorry for Kiwis, the average weekly wage for Aucklanders is not $600/week, it's $1458/week.
A minor error there.
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