New Zealand has its first precious metal Bullion Exchange.

Auckland-based NZ Mint has opened the country’s first gold and silver trading floor in its new headquarters in the city’s CBD.

NZ Mint has been a key driver of interest in gold and bullion and silver investment in New Zealand and the market for gold and silver has grown tremendously over recent years.

The investment market is increasingly more sophisticated and investors today are much more knowledgeable about the role of precious metals in a diversified portfolio says NZ Mint bullion trader Mike O’Kane.

“Obviously gold and bullion play a big role in our business so we wanted to ensure we could look after those investors and traders who are focused on precious metals,” O’Kane says.

“We decided the best way to address these needs was to set up a dedicated Bullion Exchange, purpose-built for bullion trading at our new premises at 48 Greys Ave.”

The aim is to make it easier and more convenient for investors in bullion and precious metals and to create a professional environment where they are dealing with experts in the field, he says. (more…)