This Week:
- Gold and Silver Both Bottom Out
- How Do You Value Gold | What Price Could Gold Reach?
- Is The Return To A Gold Standard Inevitable? What Might it Look Like?
Prices and Charts
Gold Bottoms
NZD gold looks to have bottomed last week. The local gold price touched the multi year uptrend line just below $1775, before bouncing higher.
So despite being unable to reach a new high for the year thus far, the long term trend remains up for gold.
Look for a return towards the 50 and 200 day moving average lines around $1833 now.
Silver Bottoms Too
NZD silver also looks likely to have bottomed out last week. The price dipped briefly below $21. Like gold, silver also touched the long term uptrend line before turning higher.
Look out for a move up towards the 50 day moving average just under $22 now.
The NZ dollar moved even higher this week. More than we expected. But it has pulled back sharply today. With the RSI still in overbought territory we’d expect the Kiwi dollar to pull back further towards the 200 day moving average at about 0.665.
This should add further impetus to local precious metal prices in the coming days.
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:
Continues below
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How Do You Value Gold | What Price Could GoldReach?
You may have read some predictions about how high the gold price could reach. But where do these numbers come from?
Also if the amount of fiat currency in existence changes won’t this affect a possible future price of gold?
In this article we look at how you can value gold. Along with a methodology for predicting a future price for gold. You’ll also see a measure to help with determining when to swap your gold for another asset. I.e. the time to sell.
You’ll see how the possible future price for gold is actually much higher than it was only 5 years ago. Even with the Fed reducing its balance sheet by 400 billion in the past few months.
Is The Return To A Gold Standard Inevitable? What Might it Look Like?
A few weeks ago we wrote about The Gold Standard & A Free Market For Money: What Do We Think About It?
Today this presentation takes look at what a few different gold standard options are. What their pros and cons are. And why a gold standard will be forced upon us.
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.
Gold Silver Ratio Once Again at New Highs – Time to Buy Silver
The gold to silver ratio last week reached a new high above 85. This means it takes 85 ounces of silver to buy an ounce of gold.
As the chart below shows, these extreme under valuations of silver compared to gold, often coincide with significant lows in silver. It looks like this may well have been the case again. Time again to buy silver.
For more on the gold to silver ratio see: What is the Gold Silver Ratio? Why is the GoldSilver Ratio at New Highs?
Cheap Silver Spot Price and Cheap Deal
So silver is cheap compared to gold. The spot price of silver is also cheap.
And we still have the 15 kg boxes of 1kg PAMP silver bars. These swiss made bars are selling for the same price as local silver. This is quite a steal for a globally recognised brand. At last count there were 22 of these remaining. Get them while they last.
These are not listed on the website so just reply to this email or phone us to get a quote.
- Email: orders@goldsurvivalguide.co.nz
- Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
- or Shop Online with indicative pricing
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Is the return to a 
We received a question from a reader “What will the future resale value of 
This Week: An Excellent N.Z. 
A former JP Morgan trader last week pleaded guilty to charge of manipulation of precious metals markets over a period of 7 years. “John Edmonds, 36, pleaded guilty to one count of commodities fraud and one count of conspiracy to commit wire fraud, price manipulation and spoofing. Edmonds, a 13-year J.P. Morgan veteran, said that […]
