Investing in an “Infinite Q.E.” World

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 $1818
Buying Back 1kg NZ Silver 999 Purity $677

Gold and Silver Finally Correcting – Near Bottoming?

Since a week ago NZD gold is down $40 per ounce or 1.72%. The coming correction we talked about then looks to have arrived.

However it may be close to being over already too.

The gold price in NZ Dollars sits midway between the 50 and 200 day moving averages. The RSI overbought/oversold indicator is now into the 30’s (below 30 indicates oversold).

We could yet see the price dip lower to test the 200 day MA at $1850. But that is not much lower than here. So right now is probably a very good entry point.

Just consider keeping some cash in reserve in case there is a further pullback yet. But we’re wondering if that is perhaps not so likely.

NZ Dollar Gold Chart

NZD silver fell even further than gold. Down just over 3.5% on last week. Silver too is close to oversold. But unlike gold silver is already below the key 200 day moving average line. We’d guess there is not too much downside for anyone buying right now.

NZ Dollar Silver Chart

The Kiwi dollar remains stuck in its sideways consolidation. Although for the last few weeks the trading range looks to have narrowed to between 0.86 and 0.69. For now the dollar seems to be looking for a good reason to go higher or lower. So the consolidation continues until it finds one.

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


—– 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 $190 you can have 4 weeks emergency food supply.

Free Shipping NZ Wide.

Emergency Food Pack

Smaller Emergency Food Packs Now Available.

Get Peace of Mind For Your Family NOW….

—–

Why Buffett is (Still) Wrong About Gold – But How He Loves Silver

Warren Buffett recently had more comments on gold in his annual Berkshire Hathaway shareholders letter.

In short he reckons avoid it completely.

So we put together a bit of a rebuttal for Buffett.

You’ll see the 4 mistakes Buffett makes with his opinion on gold.
But also you’ll discover what Buffett thinks of silver, why he bought it previously and whether he’ll buy silver again in the future.

Why Buffett is (Still) Wrong About Gold – But How He Loves Silver

Why Buffett is (Still) Wrong About Gold - But How He Loves Silver

Gold Survival Guide Android App
Download on Google Play

Is There a Kiwisaver Gold Fund or Gold Investment Option?

If you’re looking to get some exposure to gold in your Kiwisaver we’ve updated this as we didn’t have the fee structures correct.

You’ll also see why a gold “investment” in Kiwisaver is not at all the same as physical golditself.

Is There a Kiwisaver Gold Fund or Gold Investment Option?

Is There a Kiwisaver Gold Fund or Gold Investment Option?

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

How Do You Value Gold – What Price Could GoldReach?

How high could the gold price go?

There are a number of methodologies you could use to try and work this out.

In this post we look at a couple of them. Surprisingly they arrive at quite similar numbers. Numbers that are more than a dollar or two higher than the current gold price.

We also look at what the NZ dollar gold price could reach. As all these calculations we’ve seen only look at gold in US dollars.

How Do You Value Gold – What Price Could GoldReach?

How Do You Value Gold - What Price Could Gold Reach?

Investing in an “Infinite Q.E.” World

We commented last week that perhaps the US Federal Reserve had stopped it’s Quantitative Tightening already. That is, had the US central bank stopped reducing the massive balance sheet it built up in the aftermath of the financial crisis?

The latest numbers show this isn’t quite the case, as the Fed did reduce its balance sheet further last month.

But this doesn’t change the fact that the Fed seems to have backtracked sharply on what they were saying last year.

As John Mauldin recently pointed out:

“Following Fed policy has been whiplash-inducing over the last year. It was just two months ago that Jerome Powell set off a market panic by suggesting the FOMC [Federal Open Market Committee] would do what it thinks is right and let asset prices go where they may. They were promising at least two if not three more rate hikes in 2019. The stock market fell out of bed.

Fast-forward to now and it seems the market won and got the “Powell Put” it wanted. The Fed has given up its tightening dreams and might even loosen policy. It is even (gasp!) losing its fear of inflation.

Nassim Taleb in his book Antifragile argues that preventing small “crises” from happening on a regular basis eventually causes a very large crisis. It’s analogous to not allowing small forest fires to clear out undergrowth. Eventually you get one very large fire which is far more destructive. The Fed assuming a “third mandate” to protect asset prices is similarly dangerous.”

Source.

Satyajit Das (who we’ve featured in these pages a number of times before), had an excellent article on Bloomberg this week on this very topic. He explains why relying on central banks for growth is a very bad idea.

“Just since December 2018, central banks have collectively injected as much as $500 billion of liquidity to stabilize economic conditions. The U.S. Federal Reserve has put interest rate increases on hold and is contemplating a halt to its balance-sheet reduction plan. Other central banks have taken similar actions, fueling a new phase of the “everything bubble” as markets careen from December’s indiscriminate selling to January’s indiscriminate buying.

…Central banks’ new activism looks like a panicked capitulation to markets and political pressure. This encourages market participants to expect intervention regularly to prop up asset prices and smooth out volatility. Ultimately, this reduces the effectiveness of lower rates and additional liquidity infusions. As with any addiction, increasing doses become necessary. That will increase the strains on central bank balance sheets and tools, undermining their ability to respond in a real crisis.

Printing money was always going to be easier than withdrawing it later. In effect, central banks are boxed into a situation where they can’t normalize policy and must maintain low rates and abundant liquidity, lest they destabilize fragile asset markets and spur low growth and disinflation. This state of “infinite QE” risks miscalculations and major policy errors. If central banks are, as is now fashionable to state, the only game in town, then the game is lost.”

Source.

Where to Put Your Money in a QE World

So where do you put your money in this state of “infinite QE”. Nick Hubble of Daily Reckoning reckons:

“First things first: Don’t rely on central bankers getting things right. As you read this, an impressive housing bubble is inflating in Germany and the Netherlands. Those economies are the Spain and Ireland of 2005. Eventually, the bubble bursts. But that could take time.

Instead of relying on central bank policies, play them and their unintended consequences. Buy a German house, invest in stocks and don’t expect a financial crisis anytime soon.

With another portion of your capital, opt out. Central bankers can’t manipulate and control everything. Some assets are non-financial.

Gold is the asset that outperforms during artificially loose monetary policy — which is what we’re in for indefinitely. And it’s the asset you want to own during a banking crisis, too. Because it’s not part of the financial system.

One last thing. There is one place in the world where central bankers can’t paper over problems for long. The ECB’s powers are limited, unlike other central banks. So that’s where the next true crisis will come from. It’s the lack of a rescue that’ll be devastating, not the outbreak of a crisis.”

Source.

He makes an excellent point. You don’t have to pick when the next crisis will hit. Simply choose a portion of your wealth to put into gold (and silver). Then forgot about it and continue investing in other assets.

If you need to add to or start your store of wealth then please get in touch.

  1. Email: orders@goldsurvivalguide.co.nz
  2. Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
  3. or Shop Online with indicative pricing

— Prepared for the unexpected? —


Never worry about safe drinking water for you or your family again…

Big Berkey Water FIlter 


The Big 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

New Stock Just Arrived – Shop the Range…


—–



This Weeks Articles:

Is There a Kiwisaver Gold Fund or Gold Investment Option?

Mon, 4 Mar 2019 5:16 PM NZST

Is There a Kiwisaver Gold Fund or Gold Investment OptionSomeone asked us again recently: “Is there a Kiwisaver gold fund that I could invest in?” We wrote about this a few years ago here: Questions From Readers: Precious Metals & Kiwisaver, BoomBust Cycle, Gold & Silver Exit Strategies The gist of our answer was that there are no specific precious metals Kiwisaver funds available […]

The post Is There a Kiwisaver Gold Fund or Gold Investment Option? appeared first on Gold Survival Guide.

Read More…

Could Silver Be Worth More Than Gold?

Mon, 4 Mar 2019 1:01 PM NZST

Could Silver Be Worth More Than Gold? You may have heard about the increasing uses for silver in industrial applications. This is often used to argue that the price of silver will rise significantly and could equal or even overtake gold. Could this really happen? A reader posed just such a question: “I’ve heard a […]

The post Could Silver Be Worth More Than Gold? appeared first on Gold Survival Guide.

Read More…

Why Buffett is (Still) Wrong About Gold – But How He Loves Silver

Fri, 1 Mar 2019 3:52 PM NZST

Why Buffett is (Still) Wrong About Gold - But How He Loves SilverWarren Buffet still doesn’t like gold. Or rather should we say Buffett still doesn’t “get” gold. We’ve commented briefly on this some years ago. In his latest Berkshire Hathaway annual company letter he was once again running down the precious metal. An email we received from the Crux summarises Buffett’s thoughts on gold nicely: “Warren […]

The post Why Buffett is (Still) Wrong About Gold – But How He Loves Silver appeared first on Gold Survival Guide.

Read More…

Big Gold Company Mergers Are a Positive Indicator

Thu, 28 Feb 2019 12:07 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 $1854 Buying Back 1kg NZ Silver 999 Purity $703 Gold Holding Near 6 Year Highs – Looking Positive Gold in NZ dollars continues to bounce around near recent 6 year highs above […]

The post Big Gold Company Mergers Are a Positive Indicator appeared first on GoldSurvival 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: orders@goldsurvivalguide.co.nz
  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
$1965
1kg NZ 99.9% pure silver bar 
1 Kilo NZ Silver Bar
$782 (price is per kilo for orders of 1-24 kgs)

$777 (price is per kilo only for orders of 25 kgs or more)

Order Now Button
1oz PAMP Suisse 99.99% pure gold bar
PAMP Lunar Goat Gold Bar
$1996
1kg PAMP 99.9% pure silver bar
PAMP Silver
$832
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$2033    (or $1996 for 10 or more Backdated Year Coins)
1oz Canadian Silver Maple 99.99% pure silver coin
(Minimum order size tube of 25 coins)

Silver Monster Box
Tube of 25 $720
Box of 500 $13,546 (2018’s)
$13,494 (backdated other years)

(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.

Order Now Button

Can’t Get Enough of Gold Survival Guide?
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: orders@goldsurvivalguide.co.nz

Follow us on Twitter Find us on Facebook

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.

Get Free Gold & Silver Tips and Deals!

  • Get weekly news and tips on buying, storing, and selling gold and silver.
  • Be the first to know about limited quantity gold and silver deals.
  • Get our free 19 Nuggets on Buying Gold and Silver guide right away to help you become a bullion expert.
Email Address *
First Name
*Required Fields
Note: It is our responsibility to protect your privacy and we guarantee that your data will be completely confidential.

Leave a Reply

Your email address will not be published. Required fields are marked *

Want to Get the Best Price When Buying or Selling Gold & Silver?

Then you need to time your purchase.

Get a daily price alert every weekday.

You'll receive free charts and analysis of what the price may do to help time your buy or sell and make more profit.

Email Address *
First Name
*Required Fields

You have Successfully Subscribed!