Does the NZ Government Debt Matter?

Prices and Charts

Change from last weeks gold and silver prices

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Buying Back 1oz NZ Gold 9999 Purity $2793
Buying Back 1kg NZ Silver 999 Purity $1167

NZD Gold Bouncing Up Off Support

Gold priced in New Zealand dollars bounced up off the support line at $2850. Getting back above $2900. So gold continues in this sideways range it has been in since late August.

So far it remains above the rising trendline. However the chance of a further fall still remains. Potentially even down to the 200 day moving average.

NZ Dollar Gold Chart

Silver Up Over 3% This Week

NZD silver bounced back over 3% this past week. Close to the overhead downtrend line once again. Silver has also been bumping along up the uptrend line. As a result we once again have a pennant or wedge pattern forming. There’s no guarantee which way this will break. So we should be prepared in case of a further fall to come. Potentially even down to the 200 day moving average.

NZ Dollar Silver Chart

NZ Dollar Down 1%

The New Zealand dollar fell just over 1% this week. The price continues to track along the downtrend line. There has not been a clear breakthrough of this line yet. So until that happens we remain in a downtrend.

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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Back to Basics

We have a lot of people new to the world of precious metals who have joined us in recent months. If you’re one of them a warm welcome to you. So today we have a back to basics theme. We’ll cover what to some might appear to be silly questions on purity and weight.

However understanding these concepts is key when it comes to choosing what products to buy.

If you’re an old hand you still might want to have a skim. For instance do you know where the term “troy ounce” comes from?

What is a Troy Ounce? Troy Ounce vs Standard Ounce

What is a troy ounce? Why is gold and silver measured in troy ounces? Are they different from a standard or avoirdupois ounce?

You’ll be an expert on the weights of precious metals by the end of this article…

What is a Troy Ounce? Troy Ounce vs Standard Ounce

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Gold and Silver Purity – The Complete Guide

When buying precious metals, it is important to have an understanding of the gold purity or silver purity of the bars or coins. Why? Because a small difference in gold or silver purity can have an impact upon the overall value of the gold or silver contained in a coin or bar. And therefore the price you pay.

Also whether any GST is payable is directly down to the level of purity of the gold and silver.

Gold and Silver Purity – The Complete Guide

Gold and Silver Purity - The Complete Guide

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

New: A New Zealand Debt Clock

The New Zealand Taxpayer’s Union has recently released a New Zealand Government Debt clock. It’s a simplified clock compared to the US debt clock.

NZ Gov Debt clock

Source.

The New Zealand Government debt clock shows the current government debt is approaching $98 Billion. It breaks this down to a household share. Also showing a growth of debt per day and per hour – over $5 million per hour.

The site doesn’t say where the information is sourced from. However the figure of $98 billion is actually less than what the treasuries projected debt level is as of June 30. Treasury has forecast $134,229 million ($134.2 billion) of gross sovereign-issued debt as at June 30.

Interest.co.nz also shows a debt figure of just under $132 billion.

Of course there are plenty arguing that debt doesn’t matter. See this, and this,
And this from the UK Guardian.

So Does the Debt Matter?

Who knows?

Debt levels rose here and just about everywhere else after the 2009 financial crisis. The world continued to turn. Debt levels are rising the world over again as governments engage in massive spending to offset the shut downs.

How much debt is too much? When might we hit the wall? Who really knows.

Our answer is to look after our own books. It’s much easier to go bankrupt as an individual than it is for a government. They can resort to funding deficits through currency printing and devaluation. We have no such option.

So instead make sure your own debt levels are affordable should interest rates (ever?!) rise. Hold a decent amount of gold and silver to offset the inevitable devaluation of the currency you use every day.

Leave the politicians to argue about the debt levels. As we can be sure they will all increase them regardless of whether tweedledum or tweedledee is in power.

After all, today money is debt. So it is simply a confidence game. And when that confidence will fail is hard to say. But fail eventually – it must. The current monetary system is overdue for a change. That doesn’t mean it has to happen tomorrow, but you should prepare as though it will.

If you have any questions about the process of buying gold and silver 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:

What is a Troy Ounce? Troy Ounce vs Standard Ounce

Tue, 20 Oct 2020 6:04 PM NZST

What is a troy ounce? Why is gold and silver measured in troy ounces? Are they different from a standard or avoirdupois ounce? You’ll be an expert on the weights of precious metals by the end of this article… What is a Troy Ounce? The troy ounce is the unit of measure used for precious […]

The post What is a Troy Ounce? Troy Ounce vs Standard Ounce appeared first on Gold Survival Guide.

Read More…

Gold Purity and Silver Purity – A Complete Guide

Tue, 20 Oct 2020 3:50 PM NZST

Gold and Silver PurityGold Purity and Silver Purity When buying precious metals, it is important to have an understanding of the gold purity or silver purity of the bars or coins. Why? Because a small difference in gold or silver purity can have an impact upon the overall value of the gold or silver contained in a coin […]

The post Gold Purity and Silver Purity – A Complete Guide appeared first on Gold Survival Guide.

Read More…

NZ Housing to Silver Ratio 1968 – 2020 – Measuring NZ House Prices in Silver

Wed, 14 Oct 2020 11:24 AM NZST

The housing to silver ratio shows that when priced in silver, New Zealand median house prices have fallen almost 33% since 2003. But you’ll see below how history shows you could potentially buy a median priced house in New Zealand for only $47,188… You may have read our article on the NZ housing to gold […]

The post NZ Housing to Silver Ratio 1968 – 2020 – Measuring NZ House Prices in Silver appeared first on Gold Survival Guide.

Read More…

NZ Government Bonds Go Negative – A Taste of What’s to Come

Wed, 14 Oct 2020 8:09 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 $2744 Buying Back 1kg NZ Silver 999 Purity $1141 NZD Gold Once Gain at the Support Line Gold in New Zealand dollars fell sharply overnight. Taking the price once again back down […]

The post NZ Government Bonds Go Negative – A Taste of What’s to Come 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
$3011
1kg ABC 99.9% pure silver bar
1 Kilo NZ Silver Bar
$1355
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1kg “Scottsdale Gold” Bar 99.99% with unique serial number

$96,961
1oz 2020 Royal Australian Mint 99.99% Gold Coin

$3106 – Phone or email to order
1oz Canadian Gold Maple 99.99% pure gold coin (2020)
Gold Maple
$3093
1 oz South African Silver Krugerrand Coin
(Minimum order size tube of 25 coins)

Silver Monster Box
Tube of 25 $1183
Box of 500
$22,874 

(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 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)
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 © 2020 Gold Survival Guide.
All Rights Reserved.

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2 thoughts on “Does the NZ Government Debt Matter?

  1. Pingback: NZ Cash In Circulation Up Massively in 2020 - Gold Survival Guide

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