New Zealand Mint – Yer Right!
Sunday, May 10, 2009 at 10:18PM
Silver Prices in Silver
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This might interest you – A radio down here is carrying adverts for gold and silver sales by the New Zealand Mint. So I checked their web site and found that they were selling the 1 oz silver fern for NZ$59.00 which equates to US$35.06, when silver is reported to be US$14.00/oz.

Rightly or wrongly this price does appear to contain a rather nice profit. Either that or the reported price of silver if lagging somewhat.

We are aware that the price of coins carries with it a premium but we are struggling with such a huge mark up.

There is also a beer company in New Zealand which runs a series of comical adverts by making some sort of outrageous statement and then follows through with the punch line:

Yer Right!

Maybe both enterprises are using the same advertising agency, well that could be one possible explanation.

Any thoughts – then fire them in.

Have a good one.

Keep hold of your core position of silver producers otherwise you might be selling the bargain of the year – to us!

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