Gold demand soars amid global turmoil

home May 19, 2025 Digital Stream Ltd 0 comment

A new way to invest in gold is gaining traction with savvy Kiwis.

Tony Coleman has long warned that global financial markets are built on shaky ground. Recently, many more people are listening.

Coleman is the founder and managing director of New Zealand Gold Merchants and has been preaching the gospel of gold as a wealth protection tool for decades. His predictions about the fading state of the world economy have largely come to be, and with rising global uncertainty, the price of gold is reaching record levels as huge tides of investors round the world flee conventional investments for the safety of bullion. What’s different this time is that even traditional havens like the US dollar and Treasuries are being dumped.

That’s why Coleman reluctantly believes the price of gold will hit US an ounce next year, as predicted by an analyst cited in a recent Bloomberg report. That is a 25% increase from now – and over the past 2...