Currency in Circulation, vs Stocks and Gold


Prices and Charts

Change from last weeks gold and silver prices

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Buying Back 1oz NZ Gold 9999 Purity $2423
Buying Back 1kg NZ Silver 999 Purity $1030

NZD Gold Up Almost 0.5% – But Only Due to a Weaker Kiwi Dollar

Gold in New Zealand dollars was up $11 or almost half a percent from 7 days ago. But this was solely due to a sharply weaker Kiwi Dollar. NZD gold is once again sitting around the 50 and 200 day moving averages (MA). We need to see it head back above $2575 to break out of the downtrend it’s been in since June. However it is looking more likely that we have seen the bottom at $2450.

While in USD gold is pausing after a strong bounce back during October.

NZ Dollar Gold Chart

NZD Silver Down Almost 2%

The weaker Kiwi dollar was still not enough to hold the NZD silver price up for the week. It is down almost 2%. Pulling back after touching the overhead resistance line around $35. We’re now watching for silver to bounce off the horizontal support line near $33.

But like gold, we think the odds are good that silver bottomed out at the end of September around $31, which was also the low from back in November 2020.

NZ Dollar Silver Chart

NZD Down 0.75%

The New Zealand dollar was down 54 basis points or 0.75% from 7 days ago. As noted already this held local prices up compared to the USD precious metals prices. The Kiwi is now hovering around the 200 day moving average. Can it hold above there this time? Whether or not it does, it seems likely this wide sideways trading range will continue for a while yet.

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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Currency in Circulation, vs Stocks and Gold

Here’s an interesting video from a week ago from the YouTube channel “Evidence Based Wealth (a.k.a. belangp)”. We’ve shared some of Paul’s videos previously. This one was entitled:

Ignore the Noise. See the Big Picture.

It is all about the below chart.

Currency in Circulation, vs Stocks and Gold

Source: Evidence Based Wealth (a.k.a. belangp)

The chart depicts the currency in circulation – the thin blue line through the middle. Along with stocks (by way of the broad US Willshire 5000 index) in red. Along with gold in yellow.

It shows a very high correlation of both stocks and gold with the currency in circulation. The chart also shows how over time stocks and gold move from undervalued to overvalued, compared to currency in circulation. That is, when either is above the blue line, they are overvalued, while below it they are undervalued.

Currently, stocks are overvalued while gold is undervalued. In the past both have been more and less over or under-valued than current measures. So it doesn’t necessarily mean stocks are about to fall or that gold is about to rise. But it does show that currently gold is the better buy in comparison to stocks.

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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

Question of the Month Winner for October

Ian M was the winner of the 1 oz silver coin for October with his question:

“My question is, to what extent do you subscribe to the “Dollar milk shake theory”, (USD being the last man standing) and how would you see this panning out, affecting NZD? Would it happen slowly, or as a crash?”

Congratulations Ian. Here is our answer in case you missed it previously.

Thoughts on the Dollar Milkshake Theory

Dow Gold Ratio: How Does Gold Compare to Shares For the Past 100 Years? Where to From Here in 2021?

Another way of comparing stocks to gold is with the Dow Gold Ratio. This week’s feature article covers:

  • So How Does Gold Compare to the Dow For the Past 100 Years?
  • Why Shares Should Outperform Gold Over the Long Term
  • Compare Gold with Stocks Using the Dow/Gold Ratio
  • What is the Dow Gold Ratio?
  • How Might Gold Do Versus Stocks Over the Next Decade or So?
  • Why The Dow Gold Ratio May Make a New Low

Dow Gold Ratio: How Does Gold Compare to Shares For the Past 100 Years? Where to From Here in 2021?

US Inflation Rate Nearly 3x the 30-Year Treasury Rate

Have you been worried that gold and silver haven’t been performing very well lately? Especially given the talk of higher inflation?

If so, our secret’s investment advisor’s right hand man, Bit Hill, made a good point this week:

“Investors sometimes forget that gold isn’t moving on its own. Gold—like all markets—moves as people buy and sell it. Gold isn’t what is reacting to inflation, it’s people that react to inflation and purchase gold, driving up prices. It takes time for people to react to change because at a core level, we all hate major changes. Most people would rather live in denial of the changing external forces than admit that we have to reshape our worldview and the way we see things, but things are changing whether we’d like to admit it or not. Once people feel the effects of the change—the effects of inflation—and start to react to prices increasing across the board, hold onto your horses, because things are going to move fast.

I’d like to point out that the inflation rate is nearly 3x the 30-year treasury rate in the US. That is a new and uncomfortable change that bondholders have yet to react to, but when they decide to react, the effects on the bond market—and subsequently all markets—could be violent. The Fed uses terms like “transitory” to make people feel as though it will be temporary, just like many people used similar terms at the beginning of the Covid Pandemic.

The sudden realization that Covid was worse than we originally thought and here to stay changed the dynamic of the world in a matter of days, could the same realization over inflation change the course of our markets as we know them? I think so, the question is when, but I think sooner than most realize.”

An inflation rate 3 x the long term US bond interest rate means real (as in after inflation) interest rates are very negative. So perhaps interest rates will rise somewhat to make up for this. But Brit’s theory is hard to argue with. It’s likely gold will play catch up with these negative rates before too long too.

Local refinery operations continue under Level 3. But dispatches to Auckland addresses and collections have been suspended as goods cannot be inspected, counted or signed for by the customer.

Dispatches will stored and insured free of charge until it is safe again to dispatch them and signatures can be obtained. When we drop down a level, you will be advised when your order is ready to collect and to book in a collection time to ensure an adequate distance between customers.

Although, currently imported orders are continuing to be delivered via Fedex. So that is an option if you are looking to spend more than around NZ$10-15,000.

Please get in contact if you’d like a quote or have any questions:

  1. Email:
  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:

Dow Gold Ratio: How Does Gold Compare to Shares For the Past 100 Years? Where to From Here in 2021?

Tue, 2 Nov 2021 5:10 PM NZST

Here’s a great question from a reader on gold versus shares. It’s quite timely to look at today. Considering the US stock market today hit a new all time high. You’ll see why perhaps you shouldn’t simply compare shares/stocks to gold over a long period of time and then use this as an argument not […]

The post Dow Gold Ratio: How Does Gold Compare to Shares For the Past 100 Years? Where to From Here in 2021? appeared first on Gold Survival Guide.

Read More…

Top 5 Ways to Invest in Gold

Fri, 29 Oct 2021 5:22 PM NZST

top-5-ways-to-invest-in-gold-blogIf you are new to gold investing, it can seem daunting and even confusing, especially when you discover there is more than just one way to invest. Indeed, there are several different ways, each with its own benefits and disadvantages. In this guide, we outline the top 5 ways to invest in gold to help […]

The post Top 5 Ways to Invest in Gold appeared first on Gold Survival Guide.

Read More…

Twitter’s Jack Dorsey: ‘Hyperinflation is going to change everything. It’s happening.

Fri, 29 Oct 2021 7:56 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 $2413 Buying Back 1kg NZ Silver 999 Purity $1051 NZD Gold Bounces Back Gold in New Zealand dollars was up 1.22% this past 7 days. It bounced up off the horizontal […]

The post Twitter’s Jack Dorsey: ‘Hyperinflation is going to change everything. It’s happening. appeared first on Gold Survival Guide.

Read More…

What Percentage of Gold and Silver Should Be in My Portfolio? [2021 Update]

Tue, 26 Oct 2021 10:05 PM NZST

Once you’ve decided to buy some gold or silver, a common question to then ask is: How much should I invest In precious metals? Or put another way, what percentage of gold (and silver) should be in my portfolio? Here’s what’s covered in this article: We’ve received a number of questions from our readers on […]

The post What Percentage of Gold and Silver Should Be in My Portfolio? [2021 Update] 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:
  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
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1kg “Scottsdale Gold” Bar 99.99% with unique serial number

1 oz Gold PAMP Suisse Lady Fortuna Minted Bar with Certificate
1oz Pamp gold bar
$2,719 (in stock)
1oz Canadian Gold Maple 99.99% pure gold coin (2020)
Gold Maple
$2,704 (in stock)
1 oz RCM Silver Maple Coin
(Minimum order size tube of 25 coins)

Silver Monster Box
Tube of 25: $1,051 (pick up) (in stock)
Box of 500:

$21,012 (Pre-order)

(Fully insured and delivered)

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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
  • 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)
Ph: 0800 888 465
From outside NZ: +64 9 281 3898

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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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