SILVER SPECIAL TODAY
Wanting Some Great Value Minted Silver Bars?
LIMITED STOCK – Just 2 Remaining
Sunshine Minting (USA) 100oz .999 Silver Minted Bars
$2535 each pick up
(Insured delivery price add $9.20 per 100oz bar)
Note: Compare to locally refined cast 100oz bars at $2514 each – pick up
Ph 0800 888 465 or simply reply to this email to secure them
This Week:
- Australia has 80 Tonnes of Gold, How Much Gold Does New Zealand Have?
- How to Win A Silver Coin Every Month
- U.S. Dollar Index Crashes by Most in 6 Years – Impact on NZD Gold?
- What to Make of Legal Tender (Face Value) Gold and Silver Coins?
Prices and Charts
Falling Kiwi Dollar Boosts Precious Metals Prices
The recent trend has reversed this week. That being gold has fallen this week in US Dollar terms. But here in New Zealand the price is up care of a much weaker Kiwi Dollar. Now above the 50 day moving average (MA) on the chart and getting close to the significant 200 day MA
The sharp fall in the Kiwi dollar has kept silver in NZ Dollars in the green this past week too. While in US dollars silver is down over half a percent, here in NZ it is up just under 1% from a week ago.
You can see in the chart below that NZD silver is steadily climbing higher from the lows of early July. Touching the 50 day moving average, but with room to run higher yet.
Here’s the chart that shows why local gold and silver prices are up this week. The NZ Dollar has fallen sharply from the recent 26 month high. Almost at the 50 day MA so could pause here. But perhaps watch for a pull back to close to 0.71 and the 200 day MA even?
How to Win A Silver Coin Every Month
In case you missed our email yesterday, see this post for details on our monthly award for the best question we receive. Send us your question if you’ve got one.
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What to Make of Legal Tender (Face Value) Gold and Silver Coins?
One of our articles this week comes as a result of one of these reader questions.
In it you’ll discover:
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- What is a legal tender silver or gold coin?
- Why are they given the specific face value they have?
- What use would these legal tender coins be in a currency collapse situation?
Australia Has 80 Tonnes of Gold, How Much Gold Does New Zealand Have?
Another article is a bit of a follow on from last week’s question about whether New Zealand could link it’s dollar to gold.
You’ll see how central banks and governments are pretty terrible timers when it comes to the sale of their gold reserves. (Or at least western central banks are. The likes of China and Russia look to be continuing their purchases when many western central banks have drastically reduced their holdings.)
U.S. Dollar Index Crashes by Most in 6 Years – Impact on NZD Gold?
Of late the key trend has been a New Zealand dollar that has been rising more than gold and silver prices have been (as noted earlier though, this trend has reversed this week).
History shows that a falling US dollar as we’ve seen lately, leads to the gold price rising by an even larger percentage than the US dollar index falls in the longer run. The NIA reports:
“So far year-to-date in 2017, the U.S. Dollar Index has crashed by more than 10% from 103.30 down to 92.89. The last time that the U.S. Dollar Index declined by 10% or more in a period of 151 trading days was back on April 29, 2011. Gold at the time was trading for $1,540.25 per oz and over the following four months it soared by $354.75 per oz or 23% to a new record high of $1,895 per oz.
Historically, from 1971 through today, when the U.S. Dollar Index declines by 10% or more during a period of 151 trading days, gold over the following 12 months has gained by a median of 18.7%. To the contrary, when the U.S. Dollar Index gains by 10% or more during a period of 151 trading days, gold over the following 12 months has declined by a median of -0.24%. Click here to see for yourself!
Source.
This adds weight to our theory that gold will rise in NZ dollar terms even while the US dollar falls (NZD strengthens). Or put another way, the gold price will rise more than the NZ dollar will. So holders of gold in NZ will still see a “gain”.
That is what is playing out so far, with the multi-year uptrend in gold and silver in NZ dollars still continuing, despite the recently very strong NZ dollar.
But we’re still not too far above the recent lows in either metal. Still a decent time to be purchasing gold and silver as long term “financial insurance”.
Call David on 0800 888 465 for a quote or with any questions.
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- Email: orders@goldsurvivalguide.co.nz
- Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
- or Online order form with indicative pricing
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This Weeks Articles:
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Wed, 9 Aug 2017 12:05 PM NZST
In this post you’ll learn: What is a legal tender silver or gold coin? Why are they given the specific face value they have? What use would these legal tender coins be in a currency collapse situation? The questions are coming thick and fast! Hope we can keep up with them! This is the latest […]
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Tue, 8 Aug 2017 3:29 PM NZST
Stewart Thomson makes the point this week that gold looks due for a bit of a pullback -which seems to be underway at the moment. But that nevertheless gold looks due to move higher after this breather… Say No To Debt Ceiling Drugs By Stewart Thomson – gracelandupdates.com 1. Gold has rallied more than $60 […]
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Tue, 8 Aug 2017 8:32 AM NZST
Great questions make for interesting answers. We’ve had a few excellent questions over the past month. So we figured why not reward those who come up with them? How would you like to learn how you can win a silver coin? Ask a Great Question – Win a Silver Coin Every month we’re giving […]
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Mon, 7 Aug 2017 6:22 PM NZST
Interesting to see a mainstream news organisation in Australia reporting on the state of the Reserve Bank of Australia’s gold reserves. The Wentworth Report’s David Evan summarised and commented on an article published by “The Australia” last week. Check out David’s thoughts, then we’ll have some comments of our own at the end about New Zealand’s […]
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Thu, 3 Aug 2017 4:08 AM NZST
2 SILVER SPECIALS TODAY Wanting Some Great Value Minted Silver Bars? LIMITED STOCK – Just 2 Remaining Sunshine Minting (USA) 100oz .999 Silver Minted Bars $2528 each pick up (Insured delivery price add $9.20 per 100oz bar) Note: Compare to locally refined cast 100oz bars at $2508 each – pick up Ph 0800 888 465 […]
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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.
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- Email: orders@goldsurvivalguide.co.nz
- Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
- or Online order form with indicative pricing
Note:
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- 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: 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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Our Mission
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- 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.
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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. |
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