Convincing Your Friends and Family About the Need to Buy Gold

This Week:

  • Why Gold Bullion is Your Financial insurance
  • All $10,000 Cash Transactions and $1,000 International Transfers Now Reported to N.Z. Police
  • Rickards: Gold Price Has Been Locked to SDRs and Global Monetary Reset is Under Way

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 $1782
Buying Back 1kg NZ Silver 999 Purity $722

Gold in NZD Still Holding Above the 200 Day Moving Average

In US Dollar terms gold dipped to new 2018 lows this week (see the lower half of the below chart). However with the NZ Dollar weakening sharply, the local price of gold is actually up for the week by 0.88%.

USD gold may well have formed a bottom yesterday after touching the uptrend line from late 2015. So if the Kiwi dollar remains fairly weak (more on that shortly), we could see a challenge of the $1900 mark again before too long.

NZ Dollar Gold Chart

We’re Seeing the Same Pattern in Silver

The USD price of silver (bottom half of the below chart) also made a new low for 2018 yesterday before jumping back today. We saw a false breakout higher in silver last month from the multiyear wedge formation. So perhaps we are witnessing a false break lower now too?

Meanwhile in NZ dollar silver is holding above the moving average lines and remains close to breakout levels. Much like gold we could see NZD silver push higher if the Kiwi dollar remains weak.

NZ Dollar Silver Chart

Kiwi Dollar Even Weaker

You can see in the below chart that the NZ dollar clearly broke below the horizontal support line at 0.68. Yesterday the Kiwi even dipped briefly below 0.67.

NZ Dollar Chart

The 5 year chart below shows the NZ dollar is at its lowest point for over 2 years. It now sits not too far above the multiyear low at 0.62. But the Kiwi remains extremely oversold so we are still waiting for a bounce higher in the short term.

NZ Dollar Chart

However if the NZ dollar weakness persists and we get a bit of strength in US gold and silver prices, we could see some new highs in local precious metals prices in the months ahead.

Seasonally June is often also the weakest month for gold, making now a good time to buy.

Learn more about that here: Does Gold Seasonality Affect the NZ Dollar Gold Price?

Unsure About Any Terms We Use When Discussing 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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Gold Mining Shares Moving Higher – Leading Indicator for Gold

Another positive currently is that gold mining shares have been moving higher over the past week. Even while gold itself has been falling.

As NIA pointed out 2 days ago:

“Historically, gold miners have led gold prices higher, with miners breaking out before the price of gold and making their largest gains during the early stages of major gold rallies. By GDX rising big despite gold sitting near its 2018 low, it is an extremely bullish sign that a major gold rally is ahead.”

All $10,000 Cash Transactions and $1,000 International Transfers Now Reported to N.Z. Police

Financial privacy in New Zealand took a blow this week when new reporting rules for banks and financial institutions came into force. All cash transactions over $10,000 will now be reported by banks to the police regardless of whether they appear suspicious or not.

We also outline the current and future reporting requirements for gold and silver dealers. So learn more about upcoming changes when you buy gold and silver.

All $10,000 Cash Transactions and $1,000 International Transfers Now Reported to N.Z. Police

All $10,000 Cash Transactions and $1,000 International Transfers Now Reported to N.Z. Police

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Rickards: Gold Price Has Been Locked to SDRs and Global Monetary Reset is Under Way

Have you read about the IMF Special Drawing Rights (SDRs)?

The latest research from Jim Rickards points to the gold price being “locked” to the SDR since the Chinese Yuan was added to the SDR in 2016.

It’s an interesting theory and worth checking out…

Rickards: Gold Price Has Been Locked to SDRs and Global Monetary Reset is Under Way

Rickards: Gold Price Has Been Locked to SDRs and Global Monetary Reset is Under Way

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.

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Why Gold Bullion is Your Financial Insurance

Each week we write about what the gold price is doing and where it may go in the future.

But this week we’ve written an article about why only thinking about the profit potential of gold is perhaps a mistake.

If you have trouble convincing anyone of the need to hold gold, then this may help. We compare gold to a standard insurance policy for your house or car, and see how similar it is.

Although there is also a key difference and advantage with gold…

Why Gold Bullion is Your Financial Insurance

Why Gold Bullion is Your Financial insurance

Have you got your financial insurance yet? Remember it’s too late to buy insurance once the “house is on fire”.

New Gold and Silver Deals Page

After a deal on gold or silver? We have a new deals page. Check out bulk price specials on 1 kg silver coins, 100 oz silver bars and backdated gold maples.

Shop Gold and Silver Deals

So head over and see all the new products available today.

  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:

Rickards: Gold Price Has Been Locked to SDRs and Global Monetary Reset is Under Way

Wed, 4 Jul 2018 12:41 PM NZST

Rickards_ Gold Price Has Been Locked to SDRs and Global Monetary Reset is Under Way copyGATA’s Chris Powell this week highlighted a reprint of an analysis by Jim Rickards in his latest Gold Speculator letter. Rickards argues: “…that the great “global monetary reset” often speculated about is already underway, as indicated by the recent close correlation between the gold price and the International Monetary Fund’s super-currency, the Special Drawing Right, […]

The post Rickards: Gold Price Has Been Locked to SDRs and Global Monetary Reset is Under Way appeared first on Gold Survival Guide.

Read More…

Why Gold Bullion is Your Financial insurance

Wed, 4 Jul 2018 9:49 AM NZST

Why Gold Bullion is Your Financial insuranceDo you buy gold with the expectation it will go up in price? Perhaps this isn’t the best way to think of gold. See why you should think in terms of wealth protection first, rather than profit potential…   We prefer not to talk about gold being an investment. Investing is what you do with any […]

The post Why Gold Bullion is Your Financial insurance appeared first on Gold Survival Guide.

Read More…

All $10,000 Cash Transactions and $1,000 International Transfers Now Reported to N.Z. Police

Tue, 3 Jul 2018 9:41 AM NZST

All $10,000 Cash Transactions and $1,000 International Transfers Now Reported to N.Z. PoliceLast March we wrote about the upcoming changes in financial reporting requirements in New Zealand. New Banking rules set to come into force in November will mean any cash transactions over $10,000 will have to be reported to police by New Zealand banks. On top of this banks will also have to alert the Police […]

The post All $10,000 Cash Transactions and $1,000 International Transfers Now Reported to N.Z. Police appeared first on Gold Survival Guide.

Read More…

Experienced Trader Says Gold Bugs Are Depressed

Sun, 1 Jul 2018 8:52 AM NZST

This Week: What Type of Silver Bar Should I Buy? RBNZ: Too Early to Say for Central Bank Digital Currency – Reading Between the Lines The Chicago Plan: The Final Assault in the War on Cash Prices and Charts Looking to sell your gold and silver?Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $1766 Buying Back 1kg […]

The post Experienced Trader Says Gold Bugs Are Depressed 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
$1923
1kg NZ 99.9% pure silver bar 
1 Kilo NZ Silver Bar
$832 (price is per kilo for orders of 1-24 kgs)
$824 (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
$1955
1kg PAMP 99.9% pure silver bar
PAMP Silver
$892
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$1992    (or $1972 for 5 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 $736
Box of 500 $14,360 (2018’s)
(Fully insured and delivered)
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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.

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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.

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