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Prices and Charts
Spot Price Today / oz
Weekly Change ($)
Weekly Change (%)
NZD Gold
$1799.71
+ $4.09
+ 0.22%
USD Gold
$1242.70
+ $19.70
+ 1.61%
NZD Silver
$23.54
+ $1.38
+ 6.22%
USD Silver
$16.25
+ $1.16
+ 7.68%
NZD/USD
0.6905
+ 0.0094
+ 1.38%
Silver in Lift Off?
This week silver has spiked up massively. Even with a stronger Kiwi Dollar we have still seen over a 6% rise just since a week ago! That’s silver for you though. Falls more than gold but rises more too in the good times.In US Dollar terms it has not been this high since June last year. While in NZ dollars you can see in the top half of the chart below it is again getting close to the highs from earlier this year.
Gold has comparatively been asleep this week. In NZ Dollars it is just up a few dollars from last week, but looks to be consolidating above NZ$1800.
As we noted last week there was a large short position in gold futures held by the commercial traders who usually get it right. But perhaps this time they aren’t going to? Gold does seem to be consolidating which we noted last week would be a surprise to many:
“So we’re watching closely and just putting a lazy bet that perhaps we see an ongoing consolidation which is not what most people probably expect.”
Sharp Fall in the Gold:Silver Ratio
The big jump in silver has had a real impact on the gold silver ratio too. It’s still too early to say that this is a change in trend to silver outperforming gold. But it has moved down from recent highs above 80. We’d need to see it drop down to below 75 around 70 to say that the trend had changed. But that is not far off now.
As already mentioned the Kiwi dollar was up this week, by almost a cent in fact. It is now very close to the highs of late March just under 0.70. But that will be tough resistance to overcome. It is also getting overbought on the RSI indicator. On top of this it is touching on the upper bollinger band. Which it doesn’t usually get too far outside of historically.That said it does appear that the NZ Dollar has switched into a slight uptrend this year.So our guess remains that we will still see gains in precious metals for NZ holders this year. But they just won’t be as large as those in US Dollar gold and silver.
Gold and Silver Miners Outperforming
With gold and silver rising, their accompanying gold and silver mining stocks are leading the way even higher. The various mining stock indexes hit 1 year highs this week, even while gold had still not gotten back to its highs from earlier in the year.You can see in the chart below how much mining shares have risen versus gold since their extreme lows at the start of the year. But even so they are not yet much above their lows versus gold in 2000!
So we’ve got a couple of articles on the website this week covering gold mining stocks.
We’ve read a few articles talking about the high demand for gold and silver coins of late.However the fact that 1) premiums on the likes of Silver Maple Leafs are back down to more normal levels, and 2) delivery times are as fast as ever, says that demand can’t be that high globally at the moment.So those 2 reasons might make now a pretty good time to buy silver in particular.There’s another few we can think of too:3) The Gold:Silver ratio is still not much below recent record highs above high.4) Silver in NZ Dollars is still only up about 15% off its lows.5) And finally silver has lots of upside being a long way from it’s 2011 highs.
2016 Silver Maple Leaf Coins Price Drop
As mentioned premiums on the likes of 2016 Royal Canadian Mint Silver Maples have fallen back to more normal levels.This week they are down further. So a “monster box” of 500 maple leaf coins is now around $100 cheaper than what they would have been a week ago (if the spot price of silver was the same today as then).
Todays price is $14,105 and delivery is now about 7-10 business days.
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We’ll keep it pretty short today as we have plenty of articles on the website this week for you. Be sure to check out this one:How to Profit as the New Gold Standard Takes HoldIt is from the “Ripley’s, Believe it or not” camp, with an anarcho-capitalist giving advice to a basket case African government. Who’d have believed that? Fed Meetings Discussing Euro Bailout?
You may have heard of the unscheduled meetings at the Federal Reserve this week and between Obama, Biden and Yellen. We have a video and our own write up of it on the website this week.April Emergency Fed Meeting & Stock Market TopThere is plenty of chatter about (in the alternative media at least – the mainstream just reports the press release from the White House) mulling over what might have been discussed. It almost certainly was about more than the official line:
“They discussed both the near and long-term growth outlook, the state of the labor market, inequality, and potential risks to the economy, both in the United States and globally. They also discussed the significant progress that has been made through the continued implementation of Wall Street Reform to strengthen our financial system and protect consumers.”
Zerohedge said,“here is our modest attempt at translating what was and what was not said: no market crashes allowed until November.” Which is of course the US elections.The Daily Bell pondered whether the discussions might have included the Fed buying more non performing assets of Deutsche Bank?They mentioned how as recently as March Deutsche Bank were in talks with “JPMorgan Chase & Co., Goldman Sachs Group Inc. and Citigroup Inc. to sell the last batches of about 1 trillion euros ($1.1 trillion) in complex financial instruments”.You might think the Fed should have nothing to do with the solvency of a large German bank right? However in 2008 the Fed extended trillions in loans and swaps to banks all over the world (including the Reserve Bank here in NZ getting $9 Billion. See this video for more on that).The Daily Bell wonders:
“And so, perhaps, it is possible that the Fed will ensure, or help ensure, the solvency of Deutsche Bank. And this of course brings up a larger question – which is whether the Fed is now to do the same sort of thing in Italy, Greece, Ireland and elsewhere where banks are facing critical shortfalls. The creation of the euro concentrated money printing power in one place – the European Central Bank. And the problem that has resulted is that the ECB cannot and will not print enough money to debase local currencies. Ordinarily, countries facing overwhelming sovereign and bank debt would be printing overtime. Currencies would be debased and price inflation would be significant. But the additional money would ameliorate sovereign and bank debt. The difficulties faced by Europe in the current environment have been seen as intractable. But what if a decision has been taken that the Fed will step in for the ECB? The ECB cannot print the necessary money but the Fed is both less scrutinized and more powerful than the ECB. Was this what was discussed by Obama, Biden and Yellen? Is it the reason, among others, that International Monetary Fund and World Bank Officials are filing through the White House this week? Has it been decided that because the ECB cannot provide the appropriate liquidity for Europe that the US Fed will do so instead? …If the Fed is being used this way, then it is the US taxpayer ultimately, who will pay for the Fed’s generosity. The cost, extracted via price inflation, would certainly run into the hundreds or [sic] billions and even trillions. It will take a lot of money printing to sustain Europe’s banks, and it’s probably not possible anyway. But surely at this point in time anything and everything will be tried to support European banking and sovereign solvency – at least until US elections are done. This would seem to call for additional monetary aggressiveness by the Fed. For this reason, among others, we’ve written about US stagflation, the idea that (absent a full-on market collapse) price inflation and joblessness – lack of US growth – will be a predominant economic element going forward. Conclusion: Those who accept that this environment looks a good deal like the 1970s, will do what is necessary to protect their portfolios and their families by holding onto tangible assets including precious metals. The Fed is in the money printing business and the demands for its services are likely increasing all the time.” Source.
Seems likely there are some back room dealings going on at the elite level. At some point these won’t remain in the back room any longer and will be visible for all to see. Make sure you are prepared before then.
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2016-04-07 01:24:14-04 This Week: Final Chance to Buy Gold at Cheaper Levels? Inflation will arrive eventually Chinese Gold Demand – the biggest story in the gold market right now After a quote? Want a trial run of how the buying process works? ***** Ph 0800 888 465 and speak to David or reply to this email. Prices and Charts Spot Price […]
2016-04-07 01:24:14-04 This Week: Final Chance to Buy Gold at Cheaper Levels? Inflation will arrive eventually Chinese Gold Demand – the biggest story in the gold market right now After a quote? Want a trial run of how the buying process works? ***** Ph 0800 888 465 and speak to David or reply to this email. Prices and Charts Spot Price […]
2016-04-07 01:24:14-04 This Week: Final Chance to Buy Gold at Cheaper Levels? Inflation will arrive eventually Chinese Gold Demand – the biggest story in the gold market right now After a quote? Want a trial run of how the buying process works? ***** Ph 0800 888 465 and speak to David or reply to this email. Prices and Charts Spot Price […]
2016-04-12 20:53:55-04 Gold and silver have bounced back higher the past couple of days, but are still not back to recent highs yet. However mining stocks have actually hit new 52 week highs. Something that has not been noticed by too many. See the chart below of gold (gold) versus the GDX gold mining index (black/red). It seems like […]
2016-04-12 20:53:55-04 Gold and silver have bounced back higher the past couple of days, but are still not back to recent highs yet. However mining stocks have actually hit new 52 week highs. Something that has not been noticed by too many. See the chart below of gold (gold) versus the GDX gold mining index (black/red). It seems like […]
2016-04-12 20:53:55-04 Gold and silver have bounced back higher the past couple of days, but are still not back to recent highs yet. However mining stocks have actually hit new 52 week highs. Something that has not been noticed by too many. See the chart below of gold (gold) versus the GDX gold mining index (black/red). It seems like […]
2016-04-12 21:06:31-04 With both gold and silver up again this morning, mining stocks or shares have again jumped sharply higher today. So here’s part 2 on how to maximise your profits in gold mining stocks. (If you missed it here is the link to Part 1: How to Find Small Gold Stocks That Can Go up 1,000%). […]
Our Key Advice on Buying Gold Stocks
2016-04-12 21:06:31-04 With both gold and silver up again this morning, mining stocks or shares have again jumped sharply higher today. So here’s part 2 on how to maximise your profits in gold mining stocks. (If you missed it here is the link to Part 1: How to Find Small Gold Stocks That Can Go up 1,000%). […]
Our Key Advice on Buying Gold Stocks
2016-04-12 21:06:31-04 With both gold and silver up again this morning, mining stocks or shares have again jumped sharply higher today. So here’s part 2 on how to maximise your profits in gold mining stocks. (If you missed it here is the link to Part 1: How to Find Small Gold Stocks That Can Go up 1,000%). […]
2016-04-12 21:28:53-04 Doug Casey has spoken about the coming “greater depression” for quite a while. So far it hasn’t really show it’s face. The powers that be managed to paper over the cracks of 2008 and the world has managed to limp on by. However if we compare the 1930′s to where we’re at today we see […]
2016-04-12 21:28:53-04 Doug Casey has spoken about the coming “greater depression” for quite a while. So far it hasn’t really show it’s face. The powers that be managed to paper over the cracks of 2008 and the world has managed to limp on by. However if we compare the 1930′s to where we’re at today we see […]
2016-04-12 21:28:53-04 Doug Casey has spoken about the coming “greater depression” for quite a while. So far it hasn’t really show it’s face. The powers that be managed to paper over the cracks of 2008 and the world has managed to limp on by. However if we compare the 1930′s to where we’re at today we see […]
2016-04-12 21:58:33-04 This reads like something out of a hollywood movie script. Anarcho-capitalist advises basket case African nation central banker on how to implement a gold bank! We noticed a week or so ago that Porter Stansberry of Stansberry and Associates wrote: “Last night in Zimbabwe, my friend Doug Casey was having dinner at Dr. Gideon Gono’s […]
2016-04-12 21:58:33-04 This reads like something out of a hollywood movie script. Anarcho-capitalist advises basket case African nation central banker on how to implement a gold bank! We noticed a week or so ago that Porter Stansberry of Stansberry and Associates wrote: “Last night in Zimbabwe, my friend Doug Casey was having dinner at Dr. Gideon Gono’s […]
2016-04-12 21:58:33-04 This reads like something out of a hollywood movie script. Anarcho-capitalist advises basket case African nation central banker on how to implement a gold bank! We noticed a week or so ago that Porter Stansberry of Stansberry and Associates wrote: “Last night in Zimbabwe, my friend Doug Casey was having dinner at Dr. Gideon Gono’s […]
2016-04-13 00:58:25-04 Max Keiser Interviews John Kim Of SmartknowledgeU.com About The Latest In The Gold Market We’ve featured John Kim in these pages many times over the years. He was recently on the Keiser Report commenting on the gold market. As is often the case you have to put up with Keiser’s very wordy interviewing style where […]
2016-04-13 00:58:25-04 Max Keiser Interviews John Kim Of SmartknowledgeU.com About The Latest In The Gold Market We’ve featured John Kim in these pages many times over the years. He was recently on the Keiser Report commenting on the gold market. As is often the case you have to put up with Keiser’s very wordy interviewing style where […]
2016-04-13 00:58:25-04 Max Keiser Interviews John Kim Of SmartknowledgeU.com About The Latest In The Gold Market We’ve featured John Kim in these pages many times over the years. He was recently on the Keiser Report commenting on the gold market. As is often the case you have to put up with Keiser’s very wordy interviewing style where […]
2016-04-13 04:11:14-04 Mike Maloney: The April Emergency The Fed Doesn’t Want You To Know About We thought this video was worth sharing as it covers a number of points we’ve read in the past few weeks from a number of different sources, but all in one hit. Full video is at the end, but here’s some of […]
2016-04-13 04:11:14-04 Mike Maloney: The April Emergency The Fed Doesn’t Want You To Know About We thought this video was worth sharing as it covers a number of points we’ve read in the past few weeks from a number of different sources, but all in one hit. Full video is at the end, but here’s some of […]
2016-04-13 04:11:14-04 Mike Maloney: The April Emergency The Fed Doesn’t Want You To Know About We thought this video was worth sharing as it covers a number of points we’ve read in the past few weeks from a number of different sources, but all in one hit. Full video is at the end, but here’s some of […]
As always we are happy to answer any questions you have about buying gold or silver. In fact, we encourage them, as it often gives us something to write about. So if you have any get in touch.
1kg NZ 99.9% pure silver bar $855.20 (price is per kilo for orders of 1-4 kgs) $838.72 (price is per kilo only for orders of 5 kgs or more)
1oz PAMP Suisse 99.99% pure gold bar$1907.06
1kg PAMP 99.9% pure silver bar$882.49
1oz Canadian Gold Maple 99.99% pure gold coin$1935.59
1oz Canadian Silver Maple 99.99% pure silver coin (Minimum order size tube of 25 coins)Tube of 25 $768.75Box of 500 $14105(Fully insured and delivered)
Note:
Prices are excluding delivery
1 Troy ounce = 31.1 grams
1 Kg = 32.15 Troy ounces
Request special pricing for larger orders such as monster box of Canadian maple silver coins
Lower pricing for local gold orders of 10 to 29ozs and best pricing for 30 ozs or more.
Foreign currency options available so you can purchase from USD, AUD, EURO, GBP
Note: Your funds are deposited into our suppliers bank account only. We receive a finders fee direct from them only.
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Our Mission
To demystify the concept of protecting and increasing ones wealth through owning gold and silver in the current turbulent economic environment.
To simplify the process of purchasing physical gold and silver bullion in NZ – particularly for first time buyers.
The Legal stuff – Disclaimer: We are not financial advisors, accountants or lawyers. Any information we provide is not intended as investment or financial advice. It is merely information based upon our own experiences. The information we discuss is of a general nature and should merely be used as a place to start your own research and you definitely should conduct your own due diligence. You should seek professional investment or financial advice before making any decisions.
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