Ryan Bridge: We're all flocking for gold

Have you seen how much gold is worth lately?

Yesterday it hit another new record - US$5000 an ounce.

It’s up 60% on last year.

Point of Order: Excitement on West Coast at the prospect of a new gold project

Gold has just been struck at New Zealand’s deepest mine and the operators believe it could be worth $2bn.

With the right encouragement from the government, exploitation of the newly discovered resource at the historic Snowy River site could signal the renaissance of the mining industry, and, importantly, strengthen the export economy when New Zealand has been experiencing widening deficits on its current account.