Loved your last chart @slange...it clearly shows & confirms they are fraudsters and none of their numbers can be trusted anymore. Meanwhile, from a Kiwi perspective, I find these recently released figures from the RBNZ interesting....
Here is our latest foreign currency & reserves figures:
New Zealand's International Reserves and Foreign Currency Liquidity
1 (Information is disclosed in NZD 000's)
2 I. Official reserve assets and other foreign currency assets (approximate market value)
3 Description
Jan_24
Feb_24
4 A. Official reserve assets
29,796,048
31,711,592
5 (1) Foreign currency reserves (in convertible foreign currencies)
20,378,629
22,878,926
6 (a) Securities
11,329,655
13,228,452
7 of which: issuer headquartered in reporting country but located abroad
-
-
8 (b) total currency and deposits with:
9,048,973
9,650,474
9 (i) other national central banks, BIS and IMF
9,047,605
9,646,774
10 (ii) banks headquartered in the reporting country
-
-
11 of which: located abroad
-
-
12 (iii) banks headquartered outside the reporting country
1,368
3,700
13 of which: located in the reporting country
-
-
14 (2) IMF reserve position
763,036
759,121
15 (3) SDRs
4,749,983
4,730,724
16 (4) gold (including gold deposits and, if appropriate, gold swapped)
-
-
17 volume in fine troy ounces
-
-
Comment 1... Note how much gold we hold....ZERO!
Comment 2... We have purchased another ~NZD$2.5 billion (or ~12%) in overseas treasury bonds (presumably US!)
Comment 3... We have purchased another ~NZD$600 million in overseas cash (presumably mainly USD & EUR)
Here's the USD gold chart for February...
Comment.... Gold stable and getting ready for take off over February.
Here's the USD vs NZD exchange rates for February...
Comment... Also fairly stable over February.
Now, here's the NZD gold chart for February...
Comment.... Started to rise in January then started to vault upwards at the end of February.
Lastly, here's the NZD/AU chart since 2015...
Comment.... Gold has increased in value every year for the last 8 years - more than doubling over that period.
My (very!) humble Summary....
1. Without listing all the well noted "fundamental" analysis, it is clear gold has been on a bullish tear (& will be for some time to come I feel).
2. It is also clear (for the same reasons) that FIAT currency is dying off and although the USD will probably be the last one, it will also die!
3. One would have to be living under a rock to not see that (generally) the Western economies are in big trouble
4. With the above evidence, why would the RBNZ not have started buying gold? They have all the data....
5. The NZD is losing against both the USD and Gold.
6. The USD is losing against Gold.
7. All signs to me are suggesting Kiwiland is heading into a currency crisis.
I think things are finally going out of control and the end may be sooner than we think.
