Comments for Gold Prices | Gold Investing Guide

Comment on Why is Gold Falling? by admin

admin — Sun, 20 May 2012 22:30:08 +0000

Thanks Rex for posting your question – it is the million dollar one alright.

The easy answer is who knows for sure!

Our guess is that NZD gold and silver would follow the 2008 pattern somewhat. Mainly backed up by the fact that this is what they are doing currently based on the Euro fears. In short because the USD dollar is still seen as the safe haven by the majority of people, everything else is being sold. So currently with the Kiwi dollar weakening we are seeing gold in NZD holding quite well and hasn’t yet dropped below the lows of the past. See below chart. Even though gold in USD dollar terms has dropped dramatically in recent weeks. The kiwi movements have basically cancelled out the recent moves down in USD gold as it also did in the move up in USD gold earlier in the year, so we have had a very flat trading range.

So if a complete breakdown in the euro occurred then these current moves could be magnified perhaps.

http://content.screencast.com/users/FastVids/folders/Jing/media/b2b6be64-da3f-46bf-8e9e-b622ee5a5e75/00000043.png

Meanwhile silver in NZD terms hasn’t fallen as far as silver in USD but is still down nonetheless and right on the lows it reached over the new year holidays. And it has had a much larger trading range this year.

http://content.screencast.com/users/FastVids/folders/Jing/media/d9bb98ad-c841-4194-87e7-93adeea53f81/00000044.png

So the odds favor more extreme movements in silver compared to gold, particularly if fear is in the air as it is presently.

So in short while the USD remains seen as the safe haven our guess is that a weak kiwi will keep gold up in NZD terms.

Our guess is this will change at some point down the track, as of course the US has a good many problems itself.

Of course it really is any ones bet as to what will play out. He powers that be seem willing to do what it takes to hold the euro together. There will be surprises ahead most likely. But the odds favor more currency printing and bail outs down the track rather than a collapse it seems.

Just our guess of course.

Regards

Glenn.

Comment on Fear & Panic are the Banking Cartel’s Weapons V. the Gold & Silver Bull. Patience and Logic are the Best Defense. by Precious Metals Market Manipulation? | Gold Prices | Gold Investing Guide

Fri, 18 May 2012 03:14:12 +0000

[...] an orderly rise in gold. Earlier today we posted an article from J.S. Kim where he outlined how the banking cabal uses fear and panic to scare people from the gold and silver markets (seems to be working at the moment!). Now we [...]

Comment on Why is Gold Falling? by Rex Sellar

Rex Sellar — Wed, 16 May 2012 00:36:20 +0000

Hello from Rex Sellar,
As a new bullion buyer, I have limited historic knowledge on which to base my guesses as to how gold and silver might perform under NZ conditions should we experience a similar financial correction as occured in 2008.
I note that over about a year either side, our NZ$ exchange rate against the US$ ranged from 0.75 down to 0.55 and back up again to 0.75. Also, if we look back at real estate prices, they dropped (in real terms) 7.9% in 2008 and rebounded by 7.5% in 2009.
I note that during this period Gold rose from $1000 up to $1900 then stabilised back on the mean about $1400 but silver did the reverse and fell from $25 to $16 then back to about $25 again.
The ratio 1:52 up to 1:82 then back down to about 1:60.
QUESTION: Would you ‘guess’ that a crash in the $EU would affect NZ gold and silver in the same way as the 2008 adjustment?
Thanks Rex

Comment on Nine Gold Myths Everyone Needs to Understand to Survive this Global Economic Crisis by admin

admin — Tue, 15 May 2012 10:52:39 +0000

Hi Subhash,

Thanks for your comment. The 2nd part has already been posted and can be found here:
http://goldsurvivalguide.co.nz/nine-gold-myths-everyone-needs-to-understand-to-survive-this-global-economic-crisis-part-2/
Or see the link below this comment under the heading “Trackbacks/Pingbacks”.

Thanks

Glenn

Comment on Nine Gold Myths Everyone Needs to Understand to Survive this Global Economic Crisis by Subhash chander

Subhash chander — Tue, 15 May 2012 10:43:37 +0000

I am looking forward to the 2nd. part of the above video.

Comment on Is an Economic Deluge Nigh? by Kiwi Dollar Takes a Dive and Helps Out Precious Metals | Gold Prices | Gold Investing Guide

Wed, 09 May 2012 09:18:44 +0000

[...] And following on from the European elections of France and Greece is this interesting piece on the problems the governments of the world face and their likely reactions to these problems. Is an Economic Deluge Nigh? [...]

Comment on Real interest rates in New Zealand: What can they tell us about when to buy gold? by Kiwi Dollar Takes a Dive and Helps Out Precious Metals | Gold Prices | Gold Investing Guide

Wed, 09 May 2012 09:18:28 +0000

[...] And speaking of the good Dr Bollard, as we discussed last week there is the possibility of further interest rate cuts which got us to thinking about one of our favourite gold buying indicators – Real Interest Rates. So this week we’ve put together a feature article on Real Interest Rates in New Zealand and what they can tell you about when to buy gold. [...]

Comment on Gold in NZ dollars: A quick look by Kiwi Dollar Takes a Dive and Helps Out Precious Metals | Gold Prices | Gold Investing Guide

Wed, 09 May 2012 09:18:07 +0000

[...] As we mentioned a few months back, while things may not be perfect here in NZ, we still seem to be fairly attractive to wealthy foreigners such as the likes of James Cameron of Avatar fame. [...]

Comment on High NZ dollar? We need more intervention! by Kiwi Dollar Takes a Dive and Helps Out Precious Metals | Gold Prices | Gold Investing Guide

Wed, 09 May 2012 09:17:52 +0000

[...] Maybe Guv Bollards comments last week on the possibility of more monetary policy intervention did the trick. As in the last few days the kiwi dollar is down quite significantly and under 80c for the first time in 3 months – see the chart below. (Or perhaps it is just following in the footsteps of big brother Aussie dollar which has fallen sharply after their 0.5% interest rate cut last week and the (not surprising) troubles of Europe being back in the headlines). [...]

Comment on Gold’s Critical Metric: The One Indicator to Watch by Real interest rates in New Zealand: What can they tell us about when to buy gold? | Gold Prices | Gold Investing Guide

Tue, 08 May 2012 10:01:22 +0000

[...] more on real interest rates check out this article:Golds critical metric – the one indicator to watch VN:F [1.9.15_1155]please wait…Rating: 9.5/10 (2 votes cast)VN:F [1.9.15_1155]Rating: +2 (from 2 [...]