Huh? Central Banks Fighting the Virus. While the World Health Organisation Talks Up the Markets!

Prices and Charts

Change from last weeks gold and silver prices

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Mega Volatility This Week

Volatility has been the operative word this week in most markets. We have seen huge swings up and down in global sharemarkets.

Gold in New Zealand dollars also suffered huge price movements. It plunged down by around $100 to the low $2500’s but today has spiked back up to over $2600. Gold jumped in response to the US central bank slashing interest rates by 0.50%.

The odds are this volatility is likely to continue. So buying the dips is usually a good move in a bull market like this one for gold.

The trouble is the dips may not last for long. If you’re looking to buy, we suggest getting our free daily price alerts here.  That way you’ll know when the price spikes occur.

NZ Dollar Gold Chart

Silver Follows “Risk On” Assets Lower

Silver this week continued to lag gold. Down over 3% compared to gold’s 1% rise. Silver seems to be following other “risk on” assets (such as stock markets) lower for now.

This is perhaps not a major surprise given the much higher industrial usages for silver compared to gold.

However this divergence is unlikely to last forever. Silver does look to have bounced nicely off the key 200 day moving average too. So while it may be lagging gold, buying the dip in silver also looks to be the way to go.

NZ Dollar Silver Chart

Gold Silver Ratio Spiked to 100 – Highest Level Since 1991

The gold to silver ratio chart shows just how undervalued silver is compared to gold. This week the ratio briefly spiked to 100 intraday. It’s only ever hit this level once way back in 1991! Currently it sits at 95 where it touched briefly last year.

A very long way from its 20 year average in the 50’s. And even further from the 2011 low of 31.

Silver will bounce back. But this is why we’ve always recommended having a bit of both metals. As they do behave differently at certain times.

NZ Dollar Chart

Kiwi Dollar Touching Long Term Support

The New Zealand dollar took a hammering this week. Although today is up a little from the lows just under 0.6200. For some reason the stockchart below doesn’t show this dip.

There is not a lot of support if we see a clear break below 0.62. We have to go right back to the 2009 low around 0.50! However we’d guess we see a bit of a bounce from here. But in these crazy times it’s anyone’s guess where the Kiwi dollar goes in the medium to long 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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What Type of Gold Bar Should I Buy? The 2020 Ultimate Guide

With the gold price rising sharply, it’s not a surprise to see more interest in buying gold in the last couple of weeks.

The most popular type of gold we sell is in gold bar form. But even with bars there are a lot of different types to choose between.

This week we have the ultimate guide to buying gold bars for 2020 including:

  • When to choose gold bars over gold coins
  • What size gold bar to buy
  • Pros and cons of different bar sizes
  • How you can borrow against 1kg gold bars
  • What’s the most commonly purchased gold bar size
  • Different brands of bars
  • Cast bars vs minted bars

What Type of Gold Bar Should I Buy? The 2020 Ultimate Guide

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Gold Coins – Not Much More than Gold Bars

As we point out in this weeks feature post, gold bars are cheaper to buy than gold coins. Often by quite a bit. However currently we have a limited quantity deal on gold coins. Just 10 x backdated 1oz Gold Maple coins selling for only $7 more per ounce than a local 1oz gold bar. Quite a steal.

Be in quick though – as there’s only 10 left from the 20 we had yesterday.

Gold Maple

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

Huh? Central Banks Fighting the Virus. While the World Health Organisation Talks Up the Markets!

As noted already, the US Federal Reserve, slashed the key lending rate by 0.50% today. It was the first 50-basis point cut since December 2008 and it came between scheduled Fed meetings.

Yesterday the Reserve Bank of Australia (RBA) cut its cash rate by 25 basis points to 0.50% to “support the economy as it responds to the global coronavirus outbreak.”


This morning the ASB has changed tack on interest rate cuts here in New Zealand too:

“Yesterday afternoon, after the Reserve Bank of Australia’s 25bp cash rate cut, we changed our OCR forecast to predict imminent OCR cuts.  Until very recently, central banks had sounded reluctant to respond – that bar has quickly dropped considerably.  The US Federal Reserve’s decision this morning to cut the Federal Funds rate by 50bp between scheduled meetings has strongly reinforced that view of a low threshold for the RBNZ to act.

We have pencilled in 25bp cuts for each of the March and May meetings, taking the OCR to a fresh low of 0.5%.”

This will be quite an about face given what the RBNZ said just 3 weeks ago on the 12 February:

The Reserve Bank said economic growth “is expected to accelerate over the second half of 2020”, and said the outlook for the economy was brighter amid increased infrastructure investment from the government.

The Reserve Bank’s forecast OCR track now has no further cuts penciled in, and has a hike forecast for 2021.

Back then we said: “It seems to us that the RBNZ forecast for an interest rate rise in 2021 looks pretty shakey at the moment.”

Source: RBNZ: CoronaVirus No Big Deal?

So the central banks seem to think they can shore things up by cutting rates? Even though for the moment the economic troubles are caused by a lack of supply out of China.

Is a lower borrowing rate going to force people to get on a plane and travel? Will it help closed factories to produce?

So we thought this Tweet was very insightful…

“We live in a system, in which the WHO is worried about stocks and the Central Banks are worried about Covid-19.”

WHO and tsocks

This was in response to comments by the World Health Organisation (WHO) chief on the coronavirus, that global markets “should calm down and try to see reality”.

So, we have central bankers trying to fight the virus and the WHO head trying to fight the markets!

It doesn’t seem to be working. As after the Fed rate cut, gold spiked, and stock markets fell.

Also the Daily Reckoning reported today was a historic day as:

“…the 10-year Treasury yield dropped beneath 1% today as the stampede to safety continued.

Not once in history has the 10-year slipped below 1% — not once.”

It’s very hard to predict how all this plays out. Which is probably why we’re seeing (and will continue to see) so much volatility.

It can be tempting to get cute and try to pick bottoms and tops in this situation. But even seasoned investors have trouble doing this. Sovereign Man reports:

How I lost 100% of my investment on the Corona Virus

A few weeks ago when the virus started becoming more of a concern, I thought to myself, “if the virus really starts to spread, stock markets will take a big hit.”

So I bought some ‘out of the money’ put options on the S&P 500. If you’re not sure what that means, I was essentially betting a small amount of money that the stock market would fall. And if my prediction came true, the bet would have paid off probably 10x within 2-3 weeks.

The thing about options, though, is that they’re not open-ended. I had to bet that the market would fall by a specific date. And the date I chose was Friday, February 21st—last week.

Well, Friday February 21st came and went without any fuss whatsoever. So I lost all the money I bet.

The very next trading day, Monday morning, the market tanked. And the day after that. And the day after that. And the day after that.

So I was right that the market would plummet. But I was just barely wrong about the timing. I was wrong by literally one trading day… and as a result I lost 100% of my investment.

The good news is that the amount of money I put down was trivial, so no big deal.
But it is a nice reminder that, even when you get the trend right, it’s damn near impossible to predict the timing.

Frankly I should have just bought more gold.

Gold has surged as a result of the virus spreading around the world because it’s a safe haven asset. On top of that, gold has several supply and demand fundamentals that support higher prices.

But we’ll talk more about gold soon, and why I think it has even more room to run.”


Yes gold was rising before anyone had even heard of a Coronavirus. When the virus subsides we’ll likely see gold pull back. However it is on an upwards trajectory that will continue.

The virus response shows that the majority are still looking towards the government, central banks etc to “do something”.

The monetary system is slowly dying. Black swans like this virus merely help it along its way.

Gold will help shield you from the economic effects of the virus. But also from the ongoing death of the monetary system. But only if you have your financial insurance in place. Grab one of the deals we have going today.

  1. 1oz Gold Maple Coins
  2. 100 oz Perth Mint Cast Silver Bars (serial numbered)
  3. 10 oz NTR (Texas) Minted Silver Bars

These are all selling for close to local bar prices. So quite a steal that won’t last long. Get in touch for a quote today.

  1. Email:
  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:

What Type of Gold Bar Should I Buy? The 2020 Ultimate Guide

Wed, 4 Mar 2020 10:03 AM NZST

What type of Gold Bar to BuyHere’s everything you need to know when you’re thinking of buying a gold bar in 2020. You’ll learn: When to choose gold bars over gold coins What size gold bar to buy Pros and cons of different bar sizes How you can borrow against 1kg gold bars What’s the most commonly purchased gold bar size […]

The post What Type of Gold Bar Should I Buy? The 2020 Ultimate Guide appeared first on Gold Survival Guide.

Read More…

CoronaVirus Spreads Into Italy – Sharemarkets Plunge

Wed, 26 Feb 2020 12:26 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 $2502 Buying Back 1kg NZ Silver 999 Purity $876 NZD Gold Up 3% to (Another) New All Time High After setting a new all time high just above $2500 last week, NZD […]

The post CoronaVirus Spreads Into Italy – Sharemarkets Plunge appeared first on Gold Survival Guide.

Read More…

What Type of Silver Bar Should I Buy in 2020? – The Ultimate Guide to Silver Bars

Wed, 26 Feb 2020 11:47 AM NZST

The post What Type of Silver Bar Should I Buy in 2020? – The Ultimate Guide to Silver Bars appeared first on Gold Survival Guide.

Read More…

Gold Confiscation | Could it Happen in New Zealand Today?

Tue, 25 Feb 2020 3:45 PM NZST

Lately in various gold and silver newsletters we read, we’ve seen a few queries on the topic of confiscation of gold in the USA. A reader of ours also posed the question about the confiscation of gold in New Zealand. From J.M… “I just wanted to know if you had any info on if the […]

The post Gold Confiscation | Could it Happen in New Zealand Today? 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:
  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
1kg NZ 99.9% pure silver bar
1 Kilo NZ Silver Bar
$961 (price is per kilo for orders of 1-24 kgs)

$956 (price is per kilo only for orders of 25 kgs or more)

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1oz PAMP Suisse 99.99% pure gold bar
PAMP Lunar Goat Gold Bar
1kg PAMP 99.9% pure silver bar
PAMP Silver
1oz Canadian Gold Maple 99.99% pure gold coin (2020)
Gold Maple
1oz Canadian Silver Maple 99.99% pure silver coin
(Minimum order size tube of 25 coins)

Silver Monster Box
Tube of 25 $848
Box of 500
$16,272 (backdated other years)

(Fully insured and delivered)
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  • 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)
Ph: 0800 888 465
From outside NZ: +64 9 281 3898

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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 © 2019 Gold Survival Guide.
All Rights Reserved.

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2 thoughts on “Huh? Central Banks Fighting the Virus. While the World Health Organisation Talks Up the Markets!

  1. Pingback: Gold - Once Again Best Friend in a Bear Market - Gold Survival Guide

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