The Standard

Open Mike 08/10/25

Written By: - Date published: 6:00 am, October 8th, 2025 - 17 comments
Categories: open mike - Tags:


Open mike is your post.

For announcements, general discussion, whatever you choose.

The usual rules of good behaviour apply (see the Policy).

Step up to the mike …

17 comments on “Open Mike 08/10/25 ”

  1. Bearded Git 1

    10 years ago gold was $1000 an ounce; today it is $4000 an ounce.

    Not making sense.

    • SPC 1.1

      AI

      Since Nixon closed the gold window in 1971

      The End of the Gold Standard:

      In 1971, President Nixon removed the dollar's direct link to gold, a system known as the Bretton Woods system, which allowed governments to exchange dollars for gold at a fixed rate.

      ending the dollar's convertibility to gold, the price of gold has risen dramatically, from approximately $35

      due to factors like fiat currency, inflation, and economic uncertainty. Major rallies occurred in the 1970s (from $35 to $850 by 1980) and again in the 2000s (doubling in value), peaking around $1,895 in 2011 (doubling again to 4000 this decade).

      (my italics or bold).

      The full detail is in the gold price chart – it is shown within this article

      https://www.investopedia.com/gold-price-history-highs-and-lows-7375273

      4 times in value

      The big jumps were in the 1970’s and 2001 – 2012 (nearly 8 times in value)

  2. SPC 2

    It is no surprise that women under 40 might transfer their votes from the coalition because of the pay equity issue.

    What is, is that some who voted L/G/TPM might transfer their votes too (the three parties need to focus some attention to this group).

    https://www.stuff.co.nz/politics/360846745/poll-controversial-pay-equity-changes-could-cost-coalition-2026-election

  3. SPC 3

    Government legislation, sentiment and learned opinion – here about our free speech tradition.

    Expecting this to line up should be the norm and yet here we are in the 21st C, where this is one of those nice to haves that were once commonplace (like affordable homes).

    https://www.stuff.co.nz/nz-news/360846284/parliament-considering-bill-ban-protests-outside-private-residences-heres-why-we-might-need-it

  4. Incognito 4

    Are the Coalition and Nicola Willis banking on the new RBNZ Governor to keep up the charade?

    https://newsroom.co.nz/2025/10/06/vocal-vested-interests-distract-us-from-the-need-for-economic-change/

    A cut in OCR will be good for mortgage owners but the great unwashed won’t feel the love so much and high social stress will continue to increase for some time, thanks to the Coalition.

  5. weka 5

    Curia poll has the left bloc on 61 seats. Good to see the GP and TPM numbers, and Hipkins as preferred PM.

    BREAKING Party Vote | Taxpayers' Union-Curia.

    Labour: 31.2% (-2.6)

    National: 29.6% (-3.5)

    Greens: 12% (+1.3)

    NZF: 10.6% (+2.5)

    ACT: 6.6% (-0.1)

    TPM: 4.4% (+0.1)

    PPM:

    Chris Hipkins: 20.9% (+3.2)

    Christopher Luxon: 19.8% (-1.9)

    +/- September

    https://x.com/120Aotearoa/status/1975698464878305618

  6. SPC 6

    The return of Beltway insider trading (gossip) finally getting some questions answered?

    This missed connection was convenient for both parties.

    It kept Labour from looking like it had real input on a decision that would have alienated much of its support base. It kept the Government from worrying about that position leaking. And it let both parties pretend that they had pushed for a bit of bipartisan foreign policy consensus, which is supposedly a New Zealand tradition.

    Such subtlety and yet the the government is left with this, when there is a Palestine State, New Zealand will recognise it, as its policy.

    No worries then, Gone with the Wind, in 2026. The world will move on and Peter Fraser will watch on a little less embarrassed.

    https://www.thepost.co.nz/politics/360844983/we-havent-had-foreign-policy-consensus-60-years

  7. SPC 7

    Meh.

    Strengthen what again. Luxon has been begging the RB to give those who own property more money after paying their mortgage (finally realising that there were not enough rich and sorted landlords to impact on the economy in a positive way).

    https://www.thepost.co.nz/business/360847729/reserve-bank-cuts-ocr-05-strengthen-recovery

  8. gsays 8

    I'm looking to group source a question about elder support in the home.

    My Mum had quite the turn and is needing support in her home and I was wondering where I could find out what sorts of things WINZ might fund.

    The family is rallying around but there are a few things like showering and being with her, particularly lunch time to encourage her to eat.

    It comes as a shock to hear she is borderline malnourished especially when you have tea with her twice a week.

    Thanks in advance.