- The Number One Reason to Buy Gold in New Zealand Today
- Rickards: The Lucky Country is Out of Luck – How About New Zealand?
Prices and Charts
Gold Still Outperforming Silver
Gold in NZ Dollars was up around 1% for the week. Today it is back above the 200 day moving average line. NZD gold looks to have bottomed out around the $1775 line. We could have a bit more upside yet.
While NZD silver is little changed from a week ago. Sitting near the long term uptrend line. Today you still have a chance to buy silver close to the lowest price since July last year.
Kiwi Dollar Hits New Low
The NZ dollar found a new low this week. The lowest since early 2016. In the short term we could see a bounce higher as the kiwi is once again in oversold territory. However there is no denying that the longer term trend remains down for the dollar.
Check out this post if any of the terms we use when discussing the gold, silver and NZ Dollar charts are unknown to you:
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The Number One Reason to Buy Gold in New Zealand Today
Speaking of the longer term trend for the kiwi dollar.
See why we believe the further weakening of the New Zealand dollar is the number one reason to buy gold in New Zealand today.
In this post you’ll see what might cause the Kiwi dollar to fall further. Along with why you should be concerned about the actions of the Reserve Bank of New Zealand (RBNZ) right now.
Rickards: The Lucky Country is Out of Luck – How About New Zealand?
Yesterday Jim Rickards wrote in the Daily Reckoning Australia that Australia (the lucky country) is out of luck and likely heading for its first recession since 1991.
We’ve looked at his comments about Australia and done a comparison with New Zealand. Including migration rates, house prices and our central bank.
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.
No inspiration = Time to Buy?
Things aren’t totally coming apart yet. However these 2 articles do point to significant risks for New Zealand currently. It appears New Zealand (and Australia?) may even be at the head of the queue for the next downturn as this Wall Street Journal article pointed out back in July:
NZ Was Spared in the Last Crisis, But Could Be At the Forefront of the Next One
Have you got your financial insurance in place just in case?
Check out the deals going currently.
- Email: firstname.lastname@example.org
- Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
- or Shop Online with indicative pricing
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