Prices and Charts
Gold Dipping Lower
NZD gold was down around 1% this past week. It broke clearly through the support line around $2300. It then fell down to backfill the “gap” in the chart around $2275 – as warned last week there was still a chance it might.
NZD gold also touched the rising trendline. So that makes this a good buying zone to build a position. As we keep saying it’s a good idea not to go “all in”. Rather buy in a series of tranches as no one knows where the bottom will be in this consolidation.
Silver Plunges 4%
Silver got hit even harder. Falling almost 4% from a week ago.
Having touched the horizontal support line at $26, it is forming a potentially bullish “flag” formation. With the RSI also approaching oversold levels, this could be a very good buying zone for silver. It’s now also retraced a full 50% of the run higher from $22.
Will an OCR Cut Send the NZ Dollar Lower?
The NZ Dollar has moved lower this week. It failed to get above 0.6450. Now it sits on the 50 day moving average. If we see another cut by the RBNZ to the Official Cash Rate this afternoon, we could see the dollar head down further still. But the 0.6200 level should be strong support.
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:
Continues below
—– 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?
For just $240 you can have a 56 serving emergency food supply.
Free Shipping NZ Wide.
NZ Housing to Silver Ratio 1968 – 2019 – How to Buy a Median Priced House in NZ Freehold, for Only $33,624…
Following on from last weeks very popular post on the NZ Housing to Gold Ratio, we’ve now done the same for silver.
Not surprisingly, the numbers show that silver has even more upside potential versus property than gold does.
Read on to see:
- What is the Housing to Silver Ratio?
- How Have NZ House Prices Varied Over the Past 50 Years When Priced in Silver?
- How Does the Ratio in NZ Compare to the USA?
- How to Buy a Median Priced House in NZ Freehold, for Only $33,624…
ILLIQUIDITY & GOLD AND SILVER IN THE END GAME
Here’s some commentary on the US Federal Reserve Repo market. Are the current goings on similar to that of the liquidity crunch that occurred in 2007 in the lead up to the 2008 crisis?
There are some similarities…
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.
As we note in this weeks feature article, using history as a guide, a purchase of less than $35,000 worth of silver could potentially be swapped for a median priced house in New Zealand.
But first you have to own the silver. Get in touch for a quote.
Give us a call if you have any questions. Or book a time online that suits you for a free bullion consultation.
- Email: orders@goldsurvivalguide.co.nz
- Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
- or Shop Online with indicative pricing
— Prepared for the unexpected? —
Never worry about safe drinking water for you or your family again…
The Berkey Gravity Water Filter has been tried and tested in the harshest conditions. Time and again proven to be effective in providing safe drinking water all over the globe.
This filter will provide you and your family with over 22,700 litres of safe drinking water. It’s simple, lightweight, easy to use, and very cost effective.
Royal Berkey Water Filter
Shop the Range…
—–
|
We haven’t heard from our friend Darryl Schoon in a while. But he’s back with some timely commentary on the US Federal Reserve Repo market. Are the current goings on similar to that of the liquidity crunch of 2007 in the lead up to the 2008 crisis?… ILLIQUIDITY & GOLD AND SILVER IN THE END […]
The housing to silver ratio shows that when priced in silver, New Zealand median house prices have fallen 28% since 2003. But you’ll see how history shows you could potentially buy a median priced house in New Zealand for $33,624… You may have read our article on the NZ housing to gold ratio. We outlined […]
Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $2235 Buying Back 1kg NZ Silver 999 Purity $845 NZD Gold Still Consolidating Recent Gains Until last night NZD gold had been edging higher for the week. But a sharp fall now […]
The housing to gold ratio shows that when priced in Gold, NZ median house prices have fallen 47% since 2005. See how history shows NZ house prices could fall 80% further yet… There’s always plenty of discussion in the mainstream media about where house prices are going. Given New Zealanders predilection for property it’s no […]
Pingback: How Do Chinese Thought Leaders See the Monetary System Changing? - Gold Survival Guide