But What About Longer Term Risks?

But What About Longer Term Risks?

Prices and Charts

Change from last weeks gold and silver prices

Looking to sell your gold and silver?

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Buying Back 1oz NZ Gold 9999 Purity $2745
Buying Back 1kg NZ Silver 999 Purity $1051

Gold Dipping Lower Out of Recent Consolidation Range

Gold in NZ Dollars is down over 2% from 7 day ago. It has dipped just below the recent sideways consolidation it had been in. Now just below the 50 day moving average (MA). From here it could still dip to the blue uptrend line. If that wasn’t able to hold then the next buying zone to watch for is the horizontal support line at $2700, which is now also coinciding with the 200 day MA. We would expect strong support there.

While in USD terms, gold is now sitting right on the trendline of the wedge formation. Currently retesting the breakout from February. We’re watching for a bounce from around here.

NZ Dollar Gold Chart

Silver Outperforming Gold This Week

NZD silver has staged a small bounce back this week. After dipping below the downtrend line and the 200 day MA at $34.66, silver is now back up to those levels. We may be witnessing silver bouncing up from the blue uptrend line. But we now need to see it get back above $35 and break out of the downtrend it has been in since mid April.

NZ Dollar Silver Chart

NZ Dollar Finally Regaining Some Ground

The Kiwi dollar was up 78 basis points or 1.24% over the past 7 days. After getting close to the support line at 0.62 it has staged a bit of a bounce back. The RSI was the most oversold it has been since the March 2020 plummet. That has now moved up above 30 and out of oversold.

This could be the start of a decent bounce back in the New Zealand Dollar. So that could put some pressure on local gold and silver prices in the coming days and weeks.

But of course we will have to see how USD gold and silver prices perform. They too look like they are bottoming out. So perhaps we will just see muted rises in NZD gold and silver?

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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Why Buy Silver? Here’s 21 Reasons to Buy Silver in 2022

Last week our featured post on 15 reasons to buy gold in 2022 proved quite popular.

So we thought we should share the love for gold’s sister metal this week. With silver not far from the lowest price for the year, most people will likely not be interested in it. But of course from a contrarian point of view, this is likely to be exactly the time to give silver some close consideration.

So this week we have even more reasons to consider buying silver. 21 of them in fact.

You’ll see how the demand and supply dynamics look quite bullish for silver.

You’ll also discover 3 reasons why silver likely has more upside than gold…

Why Buy Silver? Here’s 21 Reasons to Buy Silver in 2022

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NZ Super Fund Down $2 Billion in Past Year

Last month we shared our post: Why the NZ Super Fund Should “Invest” in Gold in 2022

A report just out said the fund has lost $2 billion in the past year and the “downturn is expected to continue over the next 12 months.”

The fund’s guardians say that rising interest rates are “weighing heavily on equity markets as central banks seek to tame inflation.” Also making their life difficult are high commodity prices which increase inflationary pressure and crimp global growth.

“The Super Fund now stands at $57b – about the same level as at the end of April 2021.

As with previous market downturns, the guardians say they are focusing on long-term horizons, “investing in a contrarian style and buying assets when we consider them to be cheap”.


We explained last month how the fund is a relatively high risk investor focusing on growth. With 80% of its assets invested in shares and just 20% in bonds. So a crisis could see the fund’s assets fall by 50%. Something even the fund managers agree could happen in such a situation. However they reason that their modelling shows this would recover within 2 years.

We’d say that if covid19 has taught us anything it is… don’t trust modellers!

So then, what if markets didn’t recover in 2 years? More thoughts on that below…

Current Issues with Kiwisaver – But What About Longer Term Risks?

Other news items this week highlighted how little the average NZer has in Kiwisaver retirement savings. Particularly younger Kiwis in their 30s…

Kiwis in their 30s are set to run out of KiwiSaver cash less than four years after retiring, new analysis shows. The analysis, commissioned by digital KiwiSaver advice platform BetterSaver, looked at the retirement prospects of Kiwis in balanced funds earning the average wage, with average household expenditure for where they live, as well as the national average current KiwiSaver balance of around $26,000.
Read more

But also everyone in Kiwisaver will be feeling the hit their funds have taken in recent months:

Why is my KiwiSaver losing money, and what should I do? Investors checking the returns of their KiwiSaver fund in the last month may have done so with a wince of pain.
Read more

The experts consulted in the above article, also seem to offer advice that sounds like the NZ Super Fund’s guardians.

Advice offered included:

  • Ignore the losses,
  • Invest for the long haul,
  • Dollar cost average, and
  • Don’t sell as you crystallise losses

In our article on the NZ Super Fund, we take into consideration what if markets don’t bounce back within 2 years? What if we have entered a longer term cycle of higher interest rates and higher inflation?

Then both the NZ Super Fund strategy and the advice from Kiwisaver “experts” might not prove to be that fantastic.

We doubt the NZ Super Fund guardians are too worried at this stage. We also doubt they’ll be buying any gold soon. But if you don’t agree with them then consider adding some gold to at least offset other investments you have. Unlike other investments gold can’t go to zero.

If you agree and want to get some or add to your stash, then please get in touch…

  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? Here’s 15 Reasons to Buy Gold Now in 2022

Wed, 11 May 2022 9:01 AM NZST

“Haven’t gold prices gone up quite a lot in the last year or so? So why buy gold now? Isn’t it too late to buy?” That’s one of the common responses we get when we mention we are involved in selling gold and silver bullion. Unlike a number of years ago the average guy or […]

The post Why Buy Gold? Here’s 15 Reasons to Buy Gold Now in 2022 appeared first on Gold Survival Guide.

Read More…

Gold and Silver Technical Analysis in 2022: The Ultimate Beginners Guide

Wed, 4 May 2022 11:30 AM NZST

Gold and silver technical analysis can be a very large and confusing subject. Technical analysis can seem far too difficult to the new gold and silver buyer. So many people just ignore the topic altogether. But it needn’t be this complex. We’ve written this Gold and Silver Technical Analysis Ultimate Beginners Guide to simplify this […]

The post Gold and Silver Technical Analysis in 2022: The Ultimate Beginners Guide appeared first on Gold Survival Guide.

Read More…

Silver Close to a Bounce Back?

Wed, 4 May 2022 7:35 AM NZST

Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $2791 Buying Back 1kg NZ Silver 999 Purity $1086 Gold in NZ Dollars Consolidating Between $2875 and $2975 Gold in NZ Dollars was down just $7 from 7 days ago. It continues […]

The post Silver Close to a Bounce Back? appeared first on Gold Survival Guide.

Read More…

When is the Best Time to Buy Gold?

Tue, 3 May 2022 2:46 PM NZST


Deciding when to buy gold is helped by looking at the historical data. The data show that certain months and times within an economic cycle increase your chances of reaching your gold investment goals. Whether you’re investing for profit or security also influences your decision. 1. The best time to buy gold: Historical indications (which […]

The post When is the Best Time to Buy Gold? 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
1kg Pure Silver bar
1 Kilo NZ Silver Bar
Local silver bar $1,206.10 
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1kg “Scottsdale Gold” Bar 99.99% with unique serial number

1oz ABC Bullion Gold Cast Bar
1oz ABC gold bar
$2,979.70  (Not on website -email to order)
1oz Canadian Gold Maple 99.99% pure gold coin (2020)
Gold Maple
$3,064.20  (in stock)
1 oz RCM Silver Maple Coin
(Minimum order size tube of 25 coins)

Silver Monster Box
Tube of 25: $1084.00 (pick up) (Not due for around 4 weeks)
Box of 500:

$21,558.43 (Pre-order)
Including shipping/insurance 4-6 weeks delivery

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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
  • Plus we accept BTC, BCH, Visa and Mastercard

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We look forward to hearing from you soon.

Have a golden week!

David (and Glenn)
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.
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