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Speaker 1: Price of gold, speaking of charging for this certainly has

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Speaker 1: been heading record highs. This week, broken through the three

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Speaker 1: thousand US dollar and ounce mark and is now up

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Speaker 1: fifteen percent since the start of twenty twenty five. Tony

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Speaker 1: Coleman from New Zealand Gold Merchants is on the line

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Speaker 1: with us Tony, good evening.

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Speaker 2: Hey, Ryan, how are you.

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Speaker 1: I'm very well, thank you. What is attracting everyone to gold?

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Speaker 1: Presumably it's everything else going a little bit belly up?

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Speaker 2: Well, I think you're right. I think there are three

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Speaker 2: main reasons, and it's Trump, Trump and Trump. I mean,

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Speaker 2: we're talking about Trump tariffs, We're talking about Trump being

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Speaker 2: creating a recession and creating falling markets and the geo

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Speaker 2: political uncertainty that Trump is trying to effect. SPAD is

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Speaker 2: not doing very well at the moment.

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Speaker 1: What returns would you normally see, Like, fifteen percent since

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Speaker 1: the start of twenty twenty five is obviously massive, It's

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Speaker 1: up there with the increase in European share markets. Actually,

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Speaker 1: funnily enough, another place they see safe. But what would

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Speaker 1: you normally see in your typical year for gold.

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Speaker 2: Well, gold's been accelerating in price over the last few

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Speaker 2: years since COVID. Really we saw in kibi dollars approximately

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Speaker 2: a fifty percent return on investment last year, and it's

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Speaker 2: accelerated from January three February mainly because of the Trump effect.

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Speaker 2: And I mean by that nobody really knows what markets

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Speaker 2: are doing. The tariffs have made us purchases importers by

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Speaker 2: a lot of gold in the COMX market and stand

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Speaker 2: for delivery. That means instead of taking a profit when

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Speaker 2: a future expires, they're wanting the metal. This has caused

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Speaker 2: a lot of upheaval and we're now having to move

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Speaker 2: gold from London to New York to certify that need.

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Speaker 2: And that's about one point six one hundred and sixty

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Speaker 2: metric tongues, which is about fifth been billion dollars just

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Speaker 2: for the February contract, which is enormous.

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Speaker 1: Do you when you say we have to move it

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Speaker 1: from London to New York, do you mean physically.

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Speaker 2: It's physically moved. So normally delivery would be five to

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Speaker 2: ten days out of New York, and we're talking eight

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Speaker 2: to twelve weeks now because they had to move physically

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Speaker 2: gold from the Bank of England to Comax ah Row.

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Speaker 1: Presumably you need a bit of security for that.

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Speaker 2: Yes, I'm not sure it's going on a domestic flight,

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Speaker 2: but my guess is that these things are all moved

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Speaker 2: in a highly secure manner, as all gold is typically

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Speaker 2: around the world these days.

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Speaker 1: How much do we invest in gold New Zealanders? Are

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Speaker 1: we quite hot on it?

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Speaker 2: Well, we're a small market. We anticipate that the gold

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Speaker 2: market in New Zealand is approximately zero point five percentage

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Speaker 2: point of total investment, so it is a relatively small market,

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Speaker 2: though it is growing. We seeing people that understand finance

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Speaker 2: in the market a lot more than people that are

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Speaker 2: just using savings accounts through banks and kbsever. In fact,

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Speaker 2: to try and fix that, we've just launched our new

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Speaker 2: product called gold sever which allows anyone to buy gold

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Speaker 2: for as little as fifty dollars a month stored in

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Speaker 2: physical metal for them. So we're hoping that these sorts

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Speaker 2: of initiatives will change the market in time.

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Speaker 1: Make it a bit more tangible for people too, probably

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Speaker 1: as well.

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Speaker 2: Tony Apprecia, Well, it's better than holding it in a

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Speaker 2: currency that is the worst performing in the OECD last year.

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Speaker 1: Good point, Tony calemn Enz Gold Merchants

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