End of Complete Privacy on Gold Purchases in NZ in 2017?

End of Complete Privacy on Gold Purchases in NZ

This Week:

  • End of Complete Privacy on Gold Purchases in NZ in 2017?
  • Precious Metals and Kiwisaver
  • Our Thoughts on Bitcoin
  • Gold & Silver Exit Strategies

Looking to buy and nervous about the process?

*****

We welcome first time potential buyers to call us and ask any question you like, as we understand the nervousness about venturing into buying gold and silver.

Ph 0800 888 465 and speak to David or reply to this email.

Prices and Charts

Spot Price Today / oz Weekly Change ($) Weekly Change (%)
NZD Gold $1782.17 – $38.61 – 2.10%
USD Gold $1213.30 – $10.90 – 0.89%
NZD Silver $23.48 – $0.78 – 3.21%
USD Silver $15.98 – $0.34 – 2.08%
NZD/USD 0.6808 + 0.0081 + 1.20%

Gold in NZ Dollars was down again this week. Now around the lows from March and April. Odds favour this being close to a short term bottom. With the RSI now close to oversold and the 200 day moving average at $1760 also not that far below, we could well see a bounce back any day now.

NZD Gold Chart

Silver rose much more sharply than gold so is now also falling more sharply. It too is not far from oversold levels, the 200 day MA and also  close to the rising blue trendline.

NZD Silver Chart

The NZ Dollar has as expected bounced back this past week. But it is now getting close to the 50 day moving average line and the upper Bollinger band. So it may struggle to move too much higher in the short term.

NZ Dollar Chart

So it may be that we are close to the metals bottoming out in this recent correction. Actually NZD Gold in particular has been in more of a sideways consolidation than a full blown correction.

Something else that lends weight to this correction perhaps not being too severe is that the gold miners index (GDX) is actually holding up quite well.

In fact as you can see below it has not fallen as much as what gold itself has. While this could simply mean that the mining shares are due to fall further, we instead wonder if it’s reflective of positive sentiment towards gold returning. That is the mining shareholders believe gold may not fall much further and that gold is back in an uptrend which will mean higher profits to miners.

GDX Miners Index versus Gold Chart

End of Complete Privacy on Gold & Silver Purchases in NZ in 2017?

As we reported just over 2 years ago, there is currently no requirement to report any purchases of gold and silver bullion in New Zealand to any government department.

There is also no requirement for bullion dealers such as ourselves to collect any personal information from customers.

Back then we said we shouldn’t expect this to last forever though.

Now with the publicity surrounding the conveniently released “Panama papers” (convenient because those implicated mostly seem to be people that are definitely not on the side of the western establishment), it seems the complete privacy enjoyed today by NZ bullion purchasers may be a little closer to ending.

Interest.co.nz reports:

Justice Minister confirms Govt accelerating 2nd round of Anti Money Laundering rules to include real estate agents, solicitors and lawyers by mid 2017; move follows Panama Papers publicity

“Justice Minister Amy Adams has confirmed the Government has accelerated plans to bring in a second round of Anti-Money Laundering (AML) rules that would bring real estate agents, solicitors and lawyers into the compliance regime that already includes banks, stock brokers and fund managers.

“I kicked that work off in the middle of last year, but to fair we’ve decided obviously this year to prioritise that work and speed them up a bit so that work is now proceeding at some pace,” Adams told reporters in Parliament.

Prime Minister John Key said on May 9 the second round of reforms would be accelerated in the wake of the publicity around the Panama Papers detailing the role of trust lawyers in setting up vehicles for overseas beneficiaries to protect assets, and after fresh calls for the AML rules to be extended so lawyers and real estate agents are forced to check whether funds being transferred and invested are legitimate.”

“We want to have it in place by mid next year. That’s the timeframe we are currently working to, which includes obviously legislation, the legislative process, select committees, drafting and the like. But obviously first of all we have to get the policy landed and that’s what we are focusing on now,” she said.”

The article focuses mostly on the topic of trust solicitors but does mention that bullion dealers are likely to be included in the mix as we reported back in 2014 based upon the Ministry of Justice website.

“Phase two is expected to extend AML/CFT obligations to businesses and professions including lawyers, accountants, conveyancing practitioners, real estate agents and businesses that deal in high-value goods such as auctioneers and bullion dealers.”

Source.

So if complete privacy is important to you be aware that you may only have months left to purchase gold and silver, without it being a requirement for the bullion dealer to collect information from you, as part of these new “know your customer” and anti-money laundering requirements.

Of course the crooks will continue to be crooks – they’ll just get more inventive – but the rest of us will suffer with more bureaucracy and red tape.

—– OFFER FROM OUR SISTER COMPANY: Emergency Food NZ —–

Preparation also means having basic supplies on hand.
Are you prepared for when the shelves are bare?


Emergency Food Pack

For just $190 you can have 4 weeks emergency food supply.

Learn More.
—–

Questions From Readers

Precious metals and KiwisaverWe’ve received a lot of questions in the past 2 weeks from readers. Which is great by the way as it makes it easy to know what to write about! If you’ve got a question for us then hit reply to this email and let us know.

We’ve summarised a number of those received this week into the article below. The title explains most of what is covered…

Questions From Readers: Precious Metals & Kiwisaver, Boom Bust Cycle, Gold & Silver Exit Strategies

Our Thoughts on Bitcoin

BitcoinAnother one of these questions sought our thoughts on Bitcoin. We have featured various articles and comments on Bitcoin in the past but we’ve now put these down in one place. So check that out below too.

Our Thoughts on Bitcoin

If you want to understand a bit more about Bitcoin and the “blockchain”, this video of Andreas Antonopoulos might be useful too.

“Blockchain” or Bitcoin: Understanding the differences

Surprising News From Zimbabwe

Two weeks ago we shared a photo of a 100 Trillion Dollar note we have from Zimbabwe that had surprisingly turned into somewhat of a collectors item.

This week we’ve got another couple of very surprising but interesting reports from Zimbabwe.

Real DisasterAnarcho-capitalist Doug Casey has recently been there meeting with the man responsible for printing these 100 Trillion notes, and also getting face time with government ministers to outline a proposal to get Zimbabwe back on track in a hurry.

So check out these two below for some very surprising insights into Zimbabwe.

Doug Casey: This Country Is on the Cusp of a Real Disaster

Currency to GoldAnd this one is an interview that delves into the content of his meetings over there as well as a few other topics.

Doug Casey’s “Hobby” Could Convert This Country’s Currency to Gold

Why the Recent Correction in Gold Is a Bullish Sign

We’ve been saying for a while that perhaps we won’t see a really massive correction in gold and silver after their surges higher so far this year.

Our theory has been that not enough people seem to believe that the gold bull is back yet. Rather the overriding thought is that this is just another blip higher in an ongoing bear market for precious metals. But instead we will see gold and silver head steadily higher.

As noted in the charts above we have seen corrections in both metals over the past weeks, but so far anyway we have not even retraced half of the run ups in price from the start of the year.

We spotted something this week that nicely back up our sentiment.

Why the Recent Correction in Gold Is a Bullish Sign

“If you followed our advice earlier this year – and already have significant positions in physical gold and silver and select mining stocks – you can be patient. You’re likely already sitting on big gains, and you can wait for what will likely be better buying opportunities over the next few weeks.

But if you missed out on the rally this year, our recommendation is different. We suggest buying at least partial positions in these investments as soon as possible.

Why?

Because the risk of not owning enough gold is far greater than the risk of buying before a short-term correction. 

We believe a historic bull market in gold is just beginning… And the next leg up could be even bigger than the last.”

Source.

This doesn’t seem like the consensus opinion. But it is worth considering. Timing the exact bottom in any correction is nigh on impossible. So make sure you’re not left permanently on the sidelines watching the price then continue to move higher.

It could be a good time to take at least an initial position to cover the scenario of the metals not falling much further.

Free delivery anywhere in New Zealand
Silver has back off a bit over the past 2 weeks. So silver maple coins prices are a fair bit lower.  We still have free delivery on boxes of 500 x 1oz Canadian Silver Maple Coins delivered to your door via UPS, fully insured.

Todays price is $14,180. Down $370 from just a week ago. Delivery is now about 7-10 business days.

— Prepared for Power Cuts? —

Inflatable Solar Air Lantern

Solar Air Lantern

Check out this cool new survival gadget. 

It’s easy to use. Just charge it in the sun. Inflate it. And light up a room.

6-12 hours of backup light from a single charge! No batteries, no wires, no hassle. And at only 1 inch tall when deflated, it stores easily in your car or survival kit.

Plus, it’s waterproof so you can use it in the water.

See 6 more uses for the amazing Solar Air Lantern.

This Weeks Articles:

Buy gold & Silver NZ

The Prime Minister Has Noticed the Cantillon Effect in Action Too

2016-05-26 01:13:10-04

This Week: Fed Rate Hike Expectations Dented Gold? The Prime Minister Has Noticed the Cantillon Effect in Action Too Are the Hedge Funds Betting Record Amounts on Meltdown of Australian Banks and Housing Bubble Right? Billionaires Are Wrong on Gold David is overseas until Monday 30/5/16  He is still contactable via 0800 888 465 and […]

Read More…
Buy gold & Silver NZ

Our Thoughts on Bitcoin

2016-05-31 18:49:47-04

We’ve had a number of questions lately from new readers. Almost always these are gold and silver related. However today this one was asking our opinion on Bitcoin. This question comes from someone who is already aware of what Bitcoin is and how it functions. So we won’t bother to explain what Bitcoin is. That […]

Read More…
Buy gold & Silver NZ

Doug Casey: This Country Is on the Cusp of a Real Disaster

2016-06-01 17:40:02-04

A couple of weeks ago we mentioned we had a 100 Trillion Dollar note from Zimbabwe, and that these had turned into somewhat of a collectors item. Below Doug Casey tells us he carries one of these in his wallet as a conversation piece. Well recently he got to meet the man responsible for printing these […]

Read More…
Buy gold & Silver NZ

Doug Casey’s “Hobby” Could Convert This Country’s Currency to Gold

2016-06-01 18:07:59-04

Earlier we posted an article outlining the purpose of a recent trip to Zimbabwe by Doug Casey. Here is an interview with HIm discussing this trip in more detail, along with Donald Trump, Argentina and more… Doug Casey’s “Hobby” Could Convert This Country’s Currency to Gold By Nick Giambruno Having been a longtime listener of […]

Read More…
Buy gold & Silver NZ

Questions From Readers: Precious Metals & Kiwisaver, BoomBust Cycle, Gold & Silver Exit Strategies

2016-06-01 18:18:06-04

We’ve had a bit of an influx of questions from readers lately. Some we’ve had and answered previously and some not. Here’s a selection of them from this week…   Kiwisaver Precious Metals Options? “Query: Is there an option to move a Kiwisaver investment to Gold and Silver options?” Thanks for your question. We’re pretty […]

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

Today’s Spot Prices
Spot Gold
NZ $ 1782.17 / oz US $ 1213.30 / oz
Spot Silver
NZ $ 23.48 / oz
NZ $ 754.88 / kg
US $ 15.98 / oz
US $ 513.92 / kg

7 Reasons to Buy Gold & Silver via GoldSurvivalGuide
Today’s Prices to Buy
1oz NZ 99.99% pure gold bar
1oz NZ Gold Ingot
$1843
1kg NZ 99.9% pure silver bar
1 Kilo NZ Silver Bar
$853.01 (price is per kilo for orders of 1-4 kgs)
$836.62  (price is per kilo only for orders of 5 kgs or more)
1oz PAMP Suisse 99.99% pure gold bar
PAMP Lunar Goat Gold Bar
$1888
1kg PAMP 99.9% pure silver bar
PAMP Silver
$880.37
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$1917
1oz Canadian Silver Maple 99.99% pure silver coin (Minimum order size tube of 25 coins)
Silver Maple Silver Box
Tube of 25 $768
Box of 500 $14180
(Fully insured and delivered)

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
  • Note: Your funds are deposited into our suppliers bank account only. We receive a finders fee direct from them only.


Can’t Get Enough of Gold Survival Guide?
If once a week isn’t enough sign up to get daily price alerts every weekday around 9am Click here for more info

Our Mission

  1. To demystify the concept of protecting and increasing ones wealth through owning gold and silver in the current turbulent economic environment.
  2. To simplify the process of purchasing physical gold and silver bullion in NZ – particularly for first time buyers.

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

Follow us on Twitter Find us on Facebook G+

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.


Gold Survival Guide
PO Box 74437
Greenlane Auckland 1546
New Zealand

Copyright © 2016 Gold Survival Guide.
All Rights Reserved.

Get Free Gold & Silver Tips and Deals!

  • Get weekly news and tips on buying, storing, and selling gold and silver.
  • Be the first to know about limited quantity gold and silver deals.
  • Get our free 19 Nuggets on Buying Gold and Silver guide right away to help you become a bullion expert.
Email Address *
First Name
*Required Fields
Note: It is our responsibility to protect your privacy and we guarantee that your data will be completely confidential.

Leave a Reply

Your email address will not be published. Required fields are marked *

Want to Get the Best Price When Buying or Selling Gold & Silver?

Then you need to time your purchase.

Get a daily price alert every weekday.

You'll receive free charts and analysis of what the price may do to help time your buy or sell and make more profit.

Email Address *
First Name
*Required Fields

You have Successfully Subscribed!