More on Australia’s “Missing” Gold

This Week:

  • Could Silver Be Worth More Than Gold?
  • Bank Capital Changes: What is the RBNZ Preparing For?
  • Gold and Silver Continue to Bounce Back
  • More on Australia’s “Missing” Gold

Prices and Charts

Change from last weeks gold and silver prices

Looking to sell your gold and silver?Visit this page for more information
Buying Back 1oz NZ Gold 9999 Purity $1753
Buying Back 1kg NZ Silver 999 Purity $649

Christmas Trading Hours

Local Auckland Suppliers: Closing Friday 21st December 2018 at midday and reopening Monday 7th January 2019

Offshore Suppliers: Normal trading apart from statutory holidays

So we’re still open for business throughout the next few weeks.

Gold and Silver Continue to Bounce Back

Gold in NZ Dollars continued its recent move higher this week. Up almost 1% and touching the 200 day moving average.

Let’s see if it can now push its way higher. Or will the low volume New Year trading see a spike down as it has done in previous years? If so we will be open for business so get in touch to buy over the holidays.

NZ Dollar Gold Chart

Silver also moving continued its move higher after bottoming out above $20. Touching the 50 day moving average (M.A.) before pulling back slightly overnight.

NZ Dollar Silver Chart

The Kiwi dollar was down this week. It dropped back below the important 200 day moving average again over the past few days. So we still need to see if it can keep solidly above that line yet. For now we may see a test of the 50 day moving average.

NZ Dollar Chart

Need Help Understanding the Charts?

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

Gold and Silver Technical Analysis: The Ultimate Beginners Guide

Continues below

 

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Could Silver Be Worth More Than Gold?

Have you ever come across the idea that silver could one day be worth more than gold?

A key argument is the increasing industrial uses for silver will boost its value significantly, even above the price of gold.

We offer our opinion on this topic including:

  • The gold to silver ratio over 3 centuries
  • Some historical evidence of silver being worth more than gold
  • Silver industrial demand versus investment demand
  • Could Silver Be Worth More Than Gold Due to:
    • Peak Silver?
    • Increasing Institutional Investment Demand?
    • Increasing Photovoltaic Demand?

Could Silver Be Worth More Than Gold?

Could Silver Be Worth More Than Gold?

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More on Australia’s “Missing” Gold

Last month we reported on A New Gold Scandal – England Denies Australia Access To Its Gold.

Recently we spotted that this had reached the mainstream news

‘Just bring the gold back’: RBA responds as conspiracy theories swirl around Australia’s ‘missing’ gold

Australia owns 80 tonnes of gold worth $4.4 billion but it’s not even in the country — and the internet is rife with conspiracy theories.

Source.

Also over in the lucky country last week we spotted a news item on the Reserve Bank of Australia:

Reserve Bank says rate cuts and QE possible as Australian housing enters ‘uncharted territory’. 

“For many months the Reserve Bank has told us the next move in interest rates is likely to be up, albeit not for some time.

But, in a speech to a business economists’ dinner on Thursday night, not only did the bank’s deputy governor say further rate cuts were possible, but also that the RBA could engage in quantitative easing (known as QE) — like the US Federal Reserve did to assist the recovery from the global financial crisis — if it was needed.”

Source.

Recall that our own central bank said something very similar earlier this year:

RBNZ Prepared to Print Money and Implement Negative Interest Rates in a Crisis

“This is all about planning for the future,” McDermott said. While there’s “no imminent prospect” of using such measures, “the probability of needing them at this point in the cycle is higher than it ever was in history” and “it would be silly of us not to be ready just in case.”

It seems central planners around the world are readying themselves for a financial crisis 2.0.

RBNZ Prepared to Print Money and Implement Negative Interest Rates in a Crisis

RBNZ Prepared to Print Money and Implement Negative Interest Rates in a Crisis

Your Questions Wanted

Remember, if you’ve got a specific question, be sure to send it in to be in the running for a 1oz silver coin.

Win a silver coin

Bank Capital Changes: What is the RBNZ Preparing For?

Speaking of our central bank, the Reserve Bank of New Zealand is looking to increase the amount of capital that N.Z. banks must hold.

This in itself is not a massive surprise as recently Martien Lubberink (Associate Professor at the School of Accounting and Commercial Law at Victoria University) pointed out NZ banks capital ratios were actually sharply lower than European banks:

Adjusting for size, the average common equity tier one (CET1) capital ratio of New Zealand banks is 11.43%, with the big banks barely meeting that average:

NZ-Big-3-Banks-Capitalisation-Ratios.

Compare this to CET1 ratios of EU banks, which are 14.22% on average.[1]  Most European banks sport CET1 ratios higher than 11.43%:

European-Bank-CET1-Ratios

Source.

To us the more surprising thing is just what is the reserve bank preparing for?

We look at their press release on this topic along with a speech by the RBNZ governor as these give some interesting hints as to just what they might be trying to ready the NZ banking system for.

Hint – something more than your average recession.

Bank Capital Changes: What is the RBNZ Preparing For?

Bank Capital Changes: What is the RBNZ Preparing For?

Make sure you’re also prepared for something more than your average recession.

Check out the current deals above and prices below.

Merry Christmas – Last Gold and Silver Update for the 2018

Also this will be our final weekly newsletter until the New Year.

So we wish your and your loved ones a very merry Christmas and a safe and prosperous New Year.  Thanks for reading and see you in 2019!

  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:

Why Buy Gold Now? Because I Don’t Know

Wed, 19 Dec 2018 10:32 AM NZST

This Week: When to Buy Gold or Silver: The Ultimate Guide (Updated) Why Buy Gold Now? Because I Don’t Know Has Gold Remonetisation Already Begun? Prices and Charts Looking to sell your gold and silver?Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $1737 Buying Back 1kg NZ Silver 999 Purity $643 Gold Has Bottomed Out Again Gold appears to have bottomed out in both NZ and […]

The post Why Buy Gold Now? Because I Don’t Know appeared first on Gold Survival Guide.

Read More…

Bank Capital Changes: What is the RBNZ Preparing For?

Wed, 19 Dec 2018 9:23 AM NZST

Bank Capital Changes: What is the RBNZ Preparing For?This week we have been wondering does the Reserve Bank of New Zealand (RBNZ) see some troubles looming on the horizon? What caused us to ponder this? There are undoubtedly plenty of risks to be concerned about.   IMF’s Dire Warning on Global Economy In the Herald Liam Dann reported on a speech this week […]

The post Bank Capital Changes: What is the RBNZ Preparing For? appeared first on GoldSurvival Guide.

Read More…

Could Silver Be Worth More Than Gold?

Tue, 18 Dec 2018 1:01 PM NZST

Could Silver Be Worth More Than Gold? You may have heard about the increasing uses for silver in industrial applications. This is often used to argue that the price of silver will rise significantly and could equal or even overtake gold. Could this really happen? A reader posed just such a question: “I’ve heard a […]

The post Could Silver Be Worth More Than Gold? appeared first on Gold Survival Guide.

Read More…

Has Gold Remonetisation Already Begun?

Tue, 11 Dec 2018 4:47 PM NZST

HAS GOLD REMONETISATION ALREADY BEGUN?Just over 5 years ago John Butler gave an excellent talk in Auckland which we were fortunate to attend entitled “Remonetisation of gold is inevitable”. Butler outlined why we may have a full return to gold backed money. He believed a remonetisation of gold would be the ultimate response to the current situation. Where policy […]

The post Has Gold Remonetisation Already Begun? appeared 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
$1893
1kg NZ 99.9% pure silver bar 
1 Kilo NZ Silver Bar
$744 (price is per kilo for orders of 1-4 kgs)
$738 (price is per kilo only for orders of 5 – 24 kgs)
$735 (price is per kilo only for orders of 25 kgs or more)
Order Now Button
1oz PAMP Suisse 99.99% pure gold bar
PAMP Lunar Goat Gold Bar
$1925
1kg PAMP 99.9% pure silver bar
PAMP Silver
$801
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$1960    (or $1927 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 $672
Box of 500 $13,085 (2018’s)
$13,032 (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 Bitcoin, Bitcoin Cash, 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.

Order Now Button

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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 © 2018 Gold Survival Guide.
All Rights Reserved.

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