Even the Mainstream is Now Finally Wondering “is Inflation Here to Stay”?

Even the mainstream is now finally wondering "is inflation here to stay"?

Prices and Charts

Change from last weeks gold and silver prices

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Gold Heading Higher Again This Week

Precious metals have been quite volatile since the Russian invasion last week. But so far the overall trend remains up. Gold in NZ dollars is up $40 or 1.4% from 7 days ago. Today it is sitting a little under $2900. It is not yet overbought so we could see gold run higher yet. Maybe towards $2950. Then perhaps a correction from there? As always hard to predict. Especially with all that is going on in the world at the moment. But if we see a pullback, then a couple of buy zones to watch for would be at $2800 and below that the 50 day moving average and rising trendline at $2735.

All time highs are not a huge amount higher, so it wouldn’t be a surprise to see them taken out later this year.

NZ Dollar Gold Chart

Silver Surges by 5% – Breakout

Silver vaulted even higher than gold, up 5% in USD or 4% in NZD terms. After nudging up against the downtrend line, this week it finally broke through it. NZD silver is now sitting just below $38. The RSI indicator is still just under overbought (overbought is 70). So we could see silver head higher yet. $38 and $40 are the next major resistance levels to watch for. But expect a pullback before too long. This just could be from even higher levels yet.

NZ Dollar Silver Chart

NZ Dollar Up Just Under 1%

The Kiwi dollar is up just under 1% or 62 basis points. But as already stated, this did not put too much of a dent in local gold and silver prices.

The Kiwi could head a bit higher yet. But with all that is going on in the world, it is likely we will just see continuing sideways action in the longer term

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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Presentation: Is Gold & Silver the Way Out of Hyperinflation?

This week’s feature post is a video presentation we did a couple of weeks ago.

In this presentation we look at the potential for hyperinflation and how according to one definition the odds of this happening aren’t as crazy as most of us in countries such as New Zealand might think.

Here’s what’s also covered in the presentation:

  • The difference between the currency printing of 2008 and during Covid19
  • 3 Reasons to buy gold and silver
    • Keeping What You’ve Got
    • Real interest rates are negative
    • Upside Potential
  • 5 Indicators or measures of the upside potential in gold and silver

Plus you’ll also learn:

  • Why buy physical gold and silver?
  • What types of gold and silver to buy?
  • 4 tips when buying gold and silver.
  • Where to store physical precious metals?

Presentation: Is Gold & Silver the Way Out of Hyperinflation?

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Even the Mainstream is Now Finally Wondering is Inflation Here to Stay?

Economists might not have been expecting it to last, (do you recall the “transitory” phrase from the middle of last year?), but higher prices shouldn’t come as a big surprise to our readers. As we have been warning of this since early 2021. Here’s just some of what we’ve written in the topic on inflation this past year.

Feb 2021: Inflation in 2021 and Beyond: What’s Different to 2009?

May 2021: Could a Record High NZ Crown Settlement Account Boost Inflation in NZ?

June 2021: Why Even if Inflation is “Transient” It Won’t Be. Huh?

June 2021: Copper to Gold Ratio: What Can it Tell Us About Inflation?

But lately we have seen more articles on the topic of inflation creeping into the mainstream media. Here’s just 2 we spotted today.

Opinion –Dileepa Fonseka: So far 2022 is proving to be the mirror image of 2020 for New Zealand: everyone’s getting Covid, there is no lockdown, and a recession with a side of stagflation is looming too.
Read more

Opinion – David Hargreaves: David Hargreaves assesses the return of the old enemy – inflation expectations
Read more

We’d say stagflation is looking very likely. That is a recession or very sluggish growth combined with high inflation rates.

A Sad Day for NZ

As we sign off it is a sad but perhaps not very surprising day to see what is going on in Wellington. Regardless of your views it seems the police have created more destruction and incited more violence in a few hours than all the protesters combined did in 21 days.

It further demonstrates the hypocrisy of those in charge, when we have a foreign affairs minister in an address for the U.N., calling for “diplomacy, negotiation and de-escalation” as war breaks out on the other side of the world. While at home we see a complete absence of these traits from the government in which she is a part!

As some have rightly pointed out, government representatives have in the past actively engaged with the mongrel mob and even the Taliban! But average Kiwi’s with real grievances are mocked and ignored.

But we are not surprised. We remain firmly a-political here. No other parties have really been any better, having sided with the government in avoiding to talk with any protest representatives. Don’t expect this or any government to “save us”.

For the average person, times are likely to get tougher in the future too. Why?

Because as we point out in the presentation in this week’s feature post, even if all the Covid restrictions are lifted tomorrow, we then have to face the effects of these government and central bank measures. As mentioned already, one of those becoming more and more apparent is rising prices of everyday goods.

Ongoing inflation will be most felt by the poor and middle class on fixed incomes. Having been told it was “transitory”, it is likely most people won’t be prepared if (or we think more likely when) inflation becomes entrenched. It will likely be blamed on “foreigners”. It will depend where in the world you are as to which foreigners will be to blame! But it’s looking likely inflation will be worldwide, so then it seems everyone will be to blame! Make sure when this happens you point out that it is every government and central bank that is to blame.

So make sure you have sufficient insurance to protect yourself and your family from the loss of purchasing power your currency units are likely to experience in the future.

So get in touch if you’d like a quote.

  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:

Presentation: Is Gold & Silver the Way Out of Hyperinflation?

Tue, 1 Mar 2022 4:59 PM NZST

Just last month we did a presentation for our friends Tony and Gerald at Defi Freedom on gold and silver. They have kindly allowed us to share it with our existing readers and clients too. In this presentation we look at the potential for hyperinflation and how according to one definition the odds of this […]

The post Presentation: Is Gold & Silver the Way Out of Hyperinflation? appeared first on Gold Survival Guide.

Read More…

NZ Housing to Gold Ratio 1962 – Dec 2021: Measuring House Prices in Gold‎

Mon, 21 Feb 2022 4:15 PM NZST

The housing to gold ratio shows that when priced in gold, New Zealand median house prices have fallen 27% since 2005. See how history shows New Zealand house prices could fall 85% further yet… There’s always plenty of discussion in the mainstream media about where house prices are going. Given New Zealanders predilection for property […]

The post NZ Housing to Gold Ratio 1962 – Dec 2021: Measuring House Prices in Gold‎ appeared first on Gold Survival Guide.

Read More…

How Does War Affect the Gold and Silver Price?

Mon, 14 Feb 2022 2:01 PM NZST

How-Does-War-Affect-the-Gold-and-Silver-Price_How might a war between Russia and Ukraine affect the gold and silver price? See what can be learnt from past wars and how they impacted precious metals prices… War and Gold and Silver Prices Tension between Russia and Ukraine have continued to build over the past week. At the moment there is an information […]

The post How Does War Affect the Gold and Silver Price? appeared first on Gold Survival Guide.

Read More…

US S&P To Meltup 40%, Then Crash By 80%?

Wed, 9 Feb 2022 11:31 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 $2648 Buying Back 1kg NZ Silver 999 Purity $1082 NZD Gold Bouncing – on the Back Way to Recent High? Gold in NZ Dollars has bounced back over the past 7 days. […]

The post US S&P To Meltup 40%, Then Crash By 80%? 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
$2,971.10
1kg ABC 99.95% pure silver bar
1 Kilo NZ Silver Bar
$1,344.50 or local silver bar $1,327.50
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1kg “Scottsdale Gold” Bar 99.99% with unique serial number

$94,855.25
1 oz Gold PAMP Suisse Lady Fortuna Minted Bar with Certificate
1oz Pamp gold bar
$3,090.60   (in stock)
1oz Canadian Gold Maple 99.99% pure gold coin (2020)
Gold Maple
$3,073.00   (in stock)
1 oz RCM Silver Maple Coin
(Minimum order size tube of 25 coins)

Silver Monster Box
Tube of 25: $N/A (pick up) (Tubes of 1oz silver Britannia’s and Krugerrands are available for $1,164.50, but not here until 18 April)
Box of 500:

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Including shipping/insurance 3-5 weeks delivery

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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
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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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