New Zealand has generations of people who believe that property prices increase constantly and those who have borrowed too much could – in a worst-case scenario – be caught in a horror scenario of negative equity and ongoing debt. Coleman, a close follower of New Zealand's economic trends, believes our falsely inflated house prices will have a hard landing eventually – though he predicts a "squeeze, not a whack". The graph below shows how the gold price has risen against the effect of other economic factors. Coleman predicted at the end of last year that gold would increase by 40-45 per cent this year. A conservative investment is up to 20 per cent of your wealth excluding your home
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Source: New Zealand Herald February 11, 2021 00:00 UTC