Gold or Silver? Higher or Lower?

Prices and Charts

Change from last weeks gold and silver prices

Looking to sell your gold and silver?

Visit this page for more information

Buying Back 1oz NZ Gold 9999 Purity $2411
Buying Back 1kg NZ Silver 999 Purity $1109

A Higher Low for NZD Gold?

Gold in New Zealand dollars looks like it has made a higher low this past week. After back filling the gap up move, it has now boosted higher by 2.5% in the past 7 days.

So it’s looking more and more likely that a bottom is in and major wave (C) up has now begun.

NZ Dollar Gold Chart

NZD Silver Also a Higher Low?

Silver in NZ dollars was up a little under 4% for the past week. It too looks to have made a higher low after holding above the horizontal support line at $34. Now we are on the lookout for silver to get above the 50 day moving average (MA) at $36.64.

NZ Dollar Silver Chart

NZD Bouncing Back 1% After Recent Plunge

After the recent plunge, the New Zealand dollar is up 1% from 7 days ago. However it is still sharply below the rising uptrend line. Now we wait to see if the uptrend is over or is this just a higher low?

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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Gold Backing to Debt Ratio: A Reset Like in 1934 and 1980 Would Mean $28,000 Gold

A couple of weeks ago we compared all the gold ever mined in the world to global debt levels. We pointed out last week that: 

“…all the gold in the world ever mined is based upon an estimate only. Whereas US govt gold reserves are an actual figure (assuming they do still have it all of course!). So that would be a better figure to base any debt to gold ratio calculations off.”

So this week we have the latest US debt levels compared to the value of US gold reserves for a more accurate estimate.

Here’s what’s covered:

  • Gold Backing to US Debt Ratio “Reset” in 1934
  • Gold Backing to US Debt Ratio “Reset” in 1980
  • What Price Would Gold Need to Have Reached in 2020 to Match the 26% Gold Backing to Debt Ratio in 1934 and 1980?
  • What Price Would Gold Need to Be Today to Match the 26% Gold Backing to Debt Ratio in 1934 and 1980?

Gold Backing to Debt Ratio: A Reset Like in 1934 and 1980 Would Mean $28,000 Gold

 

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

 

 

Question of the Month Silver Coin Winner

Congratulations to Kaylynne. Winner of our question of the month for March with:

“How many US dollars is all the gold in the world worth?”

Here is our answer in case you missed it a couple of weeks ago:

How Much is All the Gold in the World Worth?

Gold or Silver? Buy Higher or Lower?

Here’s another question from a new reader…

“Hi there, is it best to buy silver or gold at the moment? And also is it better to buy when the price is lower rather than higher? Sorry, I am a newbie at this.”

It might be worth having a read of this article: Should I Buy Gold or Silver in 2020? 7 Factors to Consider in Gold vs Silver

Although it was last updated in October it still reads pretty well now.

The gold to silver ratio mentioned there is now down into the mid 60’s. So it has just entered the range where we personally think it’s good to get a bit of both.

As far as when to buy, then yes, ideally buy when the price is lower rather than higher. Even more ideally buy when the price has bottomed out and is beginning to move higher. Of course the trouble here is we don’t really know this until after the fact. But if you’ve been reading our daily alerts (sign up here if you don’t already receive them), you’ll see we think the odds are pretty good that gold has recently bottomed out.

So in our opinion now is likely a good long term buying opportunity. But we don’t give advice, just share our opinions – for what that is worth!

If you’ve been sitting on the sidelines waiting to buy, then now is likely a lower risk time to purchase gold and silver. As the charts at the start of today’s update show, it’s likely that both metals have recently bottomed out.

Please get in touch if you’d like a no obligation quote to see how the buying process works.

Silver Maple, Krugerrand and Britannia 1 oz silver coins are now back in stock.

 
  1. Email: [email protected]
  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:

Gold Backing to Debt Ratio: A Reset Like in 1934 and 1980 Would Mean $28,000 Gold

Wed, 7 Apr 2021 10:41 AM NZST

A-Reset-Like-in-1934-and-1980-Would-Mean-28000-Gold-1

In this article you’ll learn about the gold backing to debt ratio. Along with what the gold price would need to be at today to match two previous periods of debt reset… How do you determine gold’s value? Or put another way what price should gold be at? In our view this is the wrong […]

The post Gold Backing to Debt Ratio: A Reset Like in 1934 and 1980 Would Mean $28,000 Gold appeared first on Gold Survival Guide.

  Read More…

US Debt Clock’s Dollar to Gold and Silver Ratios vs Our Debt to Gold Numbers

Wed, 31 Mar 2021 10:45 PM NZST

Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $2351 Buying Back 1kg NZ Silver 999 Purity $1066 Gold Dipping as Expected As we warned it might last week, gold in New Zealand dollars fell this week. Dipping to “back fill” the […]

The post US Debt Clock’s Dollar to Gold and Silver Ratios vs Our Debt to Gold Numbers appeared first on Gold Survival Guide.

  Read More…

How Much Might Gold Fall in the Next Crash?

Wed, 31 Mar 2021 1:28 PM NZST

Here’s something you might have wondered about as well… How much might gold fall during the next crash? A question recently from a reader Brett was: “What might you imagine the % drop in the gold price might be after the next crash?” Why Does Gold Fall During a Stock Market Crash? Firstly though, why […]

The post How Much Might Gold Fall in the Next Crash? appeared first on Gold Survival Guide.

  Read More…

Better to Buy Gold by the Ounce or the Gram?

Wed, 24 Mar 2021 11:13 PM NZST

Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $2408 Buying Back 1kg NZ Silver 999 Purity $1113 NZD Gold Spikes $40 Overnight Gold in New Zealand dollars spiked over $40 higher last night, due to a sharply weaker Kiwi dollar. […]

The post Better to Buy Gold by the Ounce or the Gram? 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: [email protected]
  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
$2562
Order Now Button
1kg “Scottsdale Gold” Bar 99.99% with unique serial number

$82,310
1oz 2020 Royal Australian Mint 99.99% Gold Coin

$2647 – Phone or email to pre-order
1oz Canadian Gold Maple 99.99% pure gold coin (2020)
Gold Maple
$2,635.70 (on Pre-order)
1 oz South African Krugerrand Silver Coin
(Minimum order size tube of 25 coins)

  Silver Monster Box
Tube of 25: $1120 (pick up) (in stock)
Box of 500:

$22,321 (Pre-order)

(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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If once a week isn’t enough sign up to get daily price alerts every weekday around 9am Click here for more info

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: [email protected]

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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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Copyright © 2020 Gold Survival Guide.
All Rights Reserved.

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