Read Nigel Gray’s previous post about the extraction of NZ’s Gold & Silver here.
1. The Gold and Silver Dilemma
You have seen my articles about Gold and Silver:
- that it is being mined and exported at 3% of it’s current value
- while Reserve Bank accumulates none and
- while you are taxed at 50% excise tax on petrol with 15% GST on top of that total
- while NZ borrows to pay interest on loans
- it is considered a “Critical Mineral” but not treated as critical or even important!
