gold, page-49424

A quick back of the serviette calculation shows I purchased my oz of AU in 2014 @ NZD$1,500.00. It is currently valued at circa NZD$1,900. So, that is an overall yield in excess of 26%.

If I had invested the same money with the bank - I would now be sitting on approx NZD$1,700. So, I am about NZD $200 better off at the moment.

And that is before you start factoring in the tangible loss of inflation (for the bank investment) ... and the intangible gains of asset control, peace of mind, security (for the AU) etc etc etc.

I think your analogy of ‘you haven’t lost because you haven’t sold’ would be better suited to the holding of stocks and bonds - rather than the long term PM space.