Forget Housing Bubble, NZ in a Major Bond Bubble?

This Week:

  • Gold Gets Shellacked Again
  • 3 Reasons Why Gold is Falling Again… And Our Thoughts on Each of Them
  • How Much Further Might Gold Fall – What About in NZ Dollars?
  • Forget Housing Bubble, NZ in a Major Bond Bubble?

 

Prices and Charts

Spot Price Today / oz Weekly Change ($) Weekly Change (%)
NZD Gold $1652.43 – $93.81 – 5.37%
USD Gold $1094.90 – $55 – 4.78%
NZD Silver $22.41 – $0.58 – 2.52%
USD Silver $14.85 – $0.29 – 1.91%
NZD/USD 0.6626 + 0.0041 + 0.62%

Gold Gets Shellacked Again

Another (perhaps) stomach wrenching plunge for gold this past week. In USD terms it is now at record lows as can be seen in the bottom half of the chart below.

NZD Gold Chart

What was the reason for this fall?

3 Reasons Why Gold is FallingWho knows for sure, but we hazard a few guesses in one of our articles this week.

3 Reasons Why Gold is Falling Again… And Our Thoughts on Each of Them

Interestingly silver didn’t fall as much in percentage terms, but is still at new lows in US dollars too.

NZD Silver Chart

However as you can see in the charts above in NZ dollar terms (top half of charts) both metals are still well above their lows, just as they are in most other currencies across the globe.

So what does the current fall mean for holders (or buyers) of gold and silver in New Zealand?

NZ DollarsWe take a look at this question in our other article this week:

How Much Further Might Gold Fall – What About in NZ Dollars?

It also covers how silver hasn’t really followed gold lower yet. And how you might need to take rising premiums into account when considering buying.

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“Young Guns of Gold” Roundtable

We’re part way through watching this roundtable discussion between a number of knowledgeable gold experts from Australia and Europe that you might want to check out too.

It features Jordan Eliseo of ABC Bullion in Sydney,  Bron Suchecki of the Perth Mint and Ron Stoeferle of Incrementum and Mark O’Byrne of GoldCore.

We’ve met the first 3 and have enjoyed hearing what they have to say over the years. So we guess you might too.

They cover Greece, China, manipulation, interest rates and the outlook for precious metals.

https://www.youtube.com/watch?v=XFQH7xIsoaM

Or there’s a brief overview of what they cover on this page.

Forget Housing Bubble, NZ in a Major Bond Bubble?

We’ve kept an eye on bond prices in New Zealand over the years. Record low interest rates mean record high bond prices (Bond prices are inversely correlated to interest rates).

So it was with interest that we noted some stats from the National Inflation Association on bubbles brewing around the world. For all the talk of housing bubbles in Auckland, we haven’t seen NZ’s bond market with the B word after it until now.

Based on historical data New Zealand came in at number 6 globally in bond bubble size.

They “calculated the price of each country’s 10-year bond as a percentile of their historical daily 10-year bond prices going back to 1980. 16 countries have 10-year bond percentiles of above 90% and are experiencing major bond bubbles: Sweden, Norway, Japan, France, Switzerland, Italy, New Zealand, the Netherlands, Spain, Canada, Germany, Australia, Ireland, South Korea, the United States, and Hungary.”

Global 10 Year Bonds Chart

Click here to see their complete global 10-year bond asset bubble percentile data.

So what does a Bond Bubble mean?

Well at some point these overpriced bonds will take a turn down. This means interest rates will rise.

Maybe those nations with the highest bond prices might correct the most, meaning interest rates will rise significantly. This will likely come as a nasty shock to people after years of low rates.

But, for now in NZ the trend still seems to be falling interest rates. All the bank analysts seem to expect at least another two 0.25% interest rate cuts this year.

Actually we forgot to mention the RBNZ did cut rates this morning by 0.25%. The NZ dollar rose back up on the news, so it seems like lower rates may be priced in already now. So the Kiwi could strengthen a bit from here too.

Final Thoughts

There certainly has been plenty happening this past week.

Odds are we’ve got a bit of volatility coming yet. If you’re thinking of buying gold or silver here’s something to consider…

There’s a good chance of further downside ahead, but odds favour this being close to a bottom.

So you may want to consider how much of your paper wealth you want to convert into tangible assets with no counterparty risk. Then break this up into chunks of say 4 or 5 and buy over a number of weeks or months.

It’s going to be hard to pick the bottom so this way you should get a decent entry price overall.

Just a thought. As always, conduct your own research and make up your own mind. But if you have any questions, we’re here to answer them via phone, email, or live chat.

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This Weeks Articles:

Silver Shortage

Silver Shortage – Is it For Real and What About in NZ?

2015-07-16 01:24:46-04

This Week: Silver Shortage – Is it For Real and What About in NZ? Crisis Up But Silver Down? – Ed Steer Interview Silver Price at Lows – But Investor Interest in Silver Now Highest Ever – Huh? Why Silver Could Break Out in the Coming Months   Prices and Charts Spot Price Today / […]

Read More…
Silver Break

Why Silver Could Break Out in the Coming Months

2015-07-16 01:24:46-04

This Week: Silver Shortage – Is it For Real and What About in NZ? Crisis Up But Silver Down? – Ed Steer Interview Silver Price at Lows – But Investor Interest in Silver Now Highest Ever – Huh? Why Silver Could Break Out in the Coming Months   Prices and Charts Spot Price Today / […]

Read More…
3 Reasons

3 Reasons Why Gold is Falling Again…

2015-07-22 06:16:11-04

…And Our Thoughts on Each of Them Unless you’ve not been following the financial news you’ll have no doubt heard gold has taken (another) beating over the past few days. The headlines in the financial press have been about how it is at 5 year lows. Which is true in US dollars as per the […]

Read More…
How Much Further

How Much Further Might Gold Fall – What About in NZ Dollars?

2015-07-22 08:15:03-04

As we noted in another article this week gold has fallen further over the past week and is now at 5 years low in US dollar terms. As can be seen in the chart below: Gold Could Fall Further Yet in US Dollar Terms We wrote right back in 2011 that gold could well fall […]

Read More…
Silver and gold Price

Silver & Gold Price: The Breakdown

2015-07-22 19:49:55-04

Mike Maloney gives a breakdown of the action in silver and gold prices over the past few days. He covers: – Why he believes this current fall in prices is part of the deflationary fall before the inflationary rise that he has expected for many years. – How it’s partly deflationary implosion but also part […]

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 $ 1652.43 / oz US $ 1094.90 / oz
Spot Silver
NZ $ 22.41 / oz

NZ $ 720.48 / kg

US $ 14.85 / oz

US $ 477.39 / 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

$1708.61

1kg NZ 99.9% pure silver bar

1 Kilo NZ Silver Bar

$792.53 (price is per kilo for orders of 1-4 kgs)

$784.71  (price is per kilo only for orders of 5 kgs or more)

order now
1oz PAMP Suisse 99.99% pure gold bar

PAMP Gold

$1755.27

1kg PAMP 99.9% pure silver bar

PAMP Silver

$842.53

1oz Canadian Gold Maple 99.99% pure gold coin

pure gold coinGold Maple

$1776.36

1oz Canadian Silver Maple 99.99% pure silver coin (Minimum order size tube of 25 coins)

Silver Maple Silver Box

Tube of 25 $725

Box of 500 $13875

(Fully insured and delivered)

order now

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.

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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

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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 © 2015 Gold Survival Guide.

All Rights Reserved.

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