A Lower NZ Dollar Isn’t All It’s Cracked Up to Be

Prices and Charts

Change from last weeks gold and silver prices

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Buying Back 1oz NZ Gold 9999 Purity $1879
Buying Back 1kg NZ Silver 999 Purity $666

Gold in NZ Dollars Holding Above $1950

Gold in NZ dollars is down just a tad on last week. But is still sitting above the support line at $1940.

Not too far below the 6 year highs, but we could see a further pull back yet. Look for the 50 day moving average at $1925.

NZ Dollar Gold Chart

Silver Still Stagnating

NZD silver is down about 1% on last week. Sitting at the bottom of the consolidation zone it has been in since February. And at the lows for 2019.

NZ Dollar Silver Chart

NZ Dollar Finally Bouncing a Bit Higher

After a pretty relentless fall since March, the Kiwi dollar is finally bouncing a bit higher. Up from seriously oversold levels. We could see it move a bit higher yet in the short term too.

NZ Dollar Chart

Need Help Understanding the Charts?

Check out this post if any of the terms we use when discussing the gold, silver and NZ Dollar charts are unknown to you:

Gold and Silver Technical Analysis: The Ultimate Beginners Guide

Continues below


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A Lower NZ Dollar Isn’t All It’s Cracked Up to Be

We’ve been pointing out that a lower currency isn’t all it’s cracked up to be. Well not for the average man or woman on the street anyway. See: NZ Dollar Falls – Why has the NZ Dollar Weakened and Where to Now?

Mark Fowler of Hobson Wealth Partners this week pointed out that a lower dollar also makes New Zealand assets more attractive to offshore buyers. Perhaps why we have seen a number of businesses sold in recent months? And why we could see more in the coming year.

Mark Fowler: NZ for sale – the unintended consequence of a lower currency

Why Buy Gold? No Fiat Currency Lasts Forever – What About the NZ Dollar?

Did you know that since 1975, 17 fiat currencies have failed across the planet? Surprisingly the list isn’t solely filled with third world countries.

But do you know anything of New Zealand’s currency history?

There’s probably a bit you don’t know about even in a young country such as New Zealand.

Here’s the low down…

Why Buy Gold? No Fiat Currency Lasts Forever – What About the NZ Dollar?

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NZ Consumer Price Inflation – Everyday Staples Actually Up 28% in 10 Years

One of the main reasons given for the RBNZ’s surprising recent interest rate cut was the persisting low inflation rate.

However when you dig a bit deeper into the inflation statistics, you’ll probably not be surprised to hear inflation is higher than the published numbers would tell us.

Here’s a table comparing the consumer price inflation for staple household items (food, housing, health etc) versus discretionary items.

NZ CPI

Source.

These inflation numbers prompted us to compare the rate of inflation since the year 2000 to a number of other measures. Some of the results may surprise you…

Comparing NZ Money Supply, Government Inflation Statistics, Property Prices, and Gold Prices for the Last 19 Years

Comparing NZ Money Supply, Government Inflation Statistics, Property Prices, and Gold Prices for the Last 19 Years

If you read the above article you might be surprised to see how gold has performed compared to property in New Zealand.

With property looking like it’s topping out, and gold still a way off its highs, now is likely a good time to get some wealth insurance.

Get in touch with any questions you have:

  1. Email: orders@goldsurvivalguide.co.nz
  2. Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
  3. or Shop Online with indicative pricing

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This Weeks Articles:

Comparing NZ Money Supply, Government Inflation Statistics, Property Prices, and Gold Prices for the Last 19 Years

Tue, 28 May 2019 11:15 PM NZST

COMPARING NZ MONEY SUPPLY, GOVT INFLATION STATISTICS, PROPERTY AND GOLD PRICES SINCE 2000NZ Money Supply and House Prices “House prices double every ten years”, the old adage goes. So why is this? Well, we reckon the following chart pretty much answers the question.   New Zealand Money Supply M3 source: tradingeconomics.com The chart is taken from a very interesting website called tradingeconomics.com. They have all sorts of […]

The post Comparing NZ Money Supply, Government Inflation Statistics, Property Prices, and Gold Prices for the Last 19 Years appeared first on Gold Survival Guide.

Read More…

Why Buy Gold? No Fiat Currency Lasts Forever – What About the NZ Dollar?

Tue, 28 May 2019 10:01 AM NZST

Here’s one of the main answers to the question “Why buy gold and silver?” Simply, because no fiat currency lasts forever. In this article: You’ll see just how many fiat currencies have gone the way of the Dodo since only 1975 What this could mean for the New Zealand Dollar Plus some interesting and little […]

The post Why Buy Gold? No Fiat Currency Lasts Forever – What About the NZ Dollar? appeared first on Gold Survival Guide.

Read More…

The Dangers of Paper Gold and Abdicating Management of Your Wealth

Fri, 24 May 2019 8:31 AM NZST

The-Dangers-of-Paper-Gold-and-Abdicating-Management-of-Your-WealthPrices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $1896 Buying Back 1kg NZ Silver 999 Purity $684 Gold in NZ Dollars Hits Pulls Back After New 6 Year Record High After setting a new 6 year high last week, gold […]

The post The Dangers of Paper Gold and Abdicating Management of Your Wealth appeared first on Gold Survival Guide.

Read More…

Confusing Investing with Wealth Protection – The Risks of Paper Gold vs Physical Gold

Wed, 22 May 2019 1:15 PM NZST

CONFUSING-INVESTING-WITH-WEALTH-PROTECTION-THE-RISKS-OF-PAPER-GOLD-vs-PHYSICAL-GOLDYou’ve likely heard of reports in the past of problems with missing investor money at an Auckland bullion dealing and trading company. We’ve previously had the odd question from readers about the situation. We don’t know any more about it than anyone who has read the newspaper articles such as those below. We’ve had nothing […]

The post Confusing Investing with Wealth Protection – The Risks of Paper Gold vs Physical Goldappeared first on Gold Survival Guide.

Read More…
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.

  1. Email: orders@goldsurvivalguide.co.nz
  2. Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
  3. or Online order form with indicative pricing


7 Reasons to Buy Gold & Silver via GoldSurvivalGuide

Today’s Prices to Buy
1oz NZ 99.99% pure gold bar
1oz NZ Gold Ingot
$2029
1kg NZ 99.9% pure silver bar 
1 Kilo NZ Silver Bar
$770 (price is per kilo for orders of 1-24 kgs)

$765 (price is per kilo only for orders of 25 kgs or more)

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1oz PAMP Suisse 99.99% pure gold bar
PAMP Lunar Goat Gold Bar
$2059
1kg PAMP 99.9% pure silver bar
PAMP Silver
$820
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$2099    (or $2059 for 10 or more Backdated Year Coins)
1oz Canadian Silver Maple 99.99% pure silver coin
(Minimum order size tube of 25 coins)

Silver Monster Box
Tube of 25 $711
Box of 500 $13,436 (2019’s)
$13,381 (backdated other years)

(Fully insured and delivered)
Order Now Button

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
  • Plus we accept BTC, BCH, Visa and Mastercard
  • Note: For local gold and silver orders your funds are deposited into our suppliers bank account. We receive a finders fee direct from them. Pricing is as good or sometimes even better than if you went direct.

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We look forward to hearing from you soon.

Have a golden week!

David (and Glenn)
GoldSurvivalGuide.co.nz
Ph: 0800 888 465
From outside NZ: +64 9 281 3898
email: orders@goldsurvivalguide.co.nz

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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.
Copyright © 2019 Gold Survival Guide.
All Rights Reserved.

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One thought on “A Lower NZ Dollar Isn’t All It’s Cracked Up to Be

  1. Pingback: NZD Gold Above $2000 - Should You Buy the Breakout? - Gold Survival Guide

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