Precious investment: Commonwealth Vault
Centuries before it was a game show, the philosophical concept of the Wheel of Fortune sought to illustrate how luck can change in an instant, with personal actions having little or no impact on where the spinning wheel will land.
On a global scale, the wheel of fortune is currently spinning faster than the wheels on Liam Lawson’s Formula One rocket ship.
Is there a way to weight the financial wheel of fortune so that its rotations land in your favour? Everyone from the ‘one-percenters’ to the classic Kiwi ‘mum and dad’ investors are now choosing precious metals in response to global political and fiscal instability, says Jerome Concisom, CEO of Commonwealth Vault. This collective move to gold and silver is maintaining and enhancing the metals’ reputation as ‘safe haven’ investments, with values of the precious metals tracking ever higher.
“There is no stopping the demand. The reality is that gold and silver investment has entered the realm of household investment, alongside New Zealanders’ more traditional holdings in property and shares,” Jerome says.
These developing preferences come as no surprise to Jerome, whose eye is firmly on the complex interdependencies in international politics and finance. He notes soaring U.S. deficits against a politically charged backdrop, rising interest rates, increasing interest in gold from emerging market central banks, trade policy volatility, and a multitude of other moving parts affecting consumer confidence, and so enhancing the attraction of precious metals. “Investing is easy with us because, alongside our investment service, we offer safe and secure storage of your bullion inside an individual safety deposit box.”
