Massive 5% Rise in NZ Gold This Week

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 $2059
Buying Back 1kg NZ Silver 999 Purity $706

Massive 5% Rise in NZ Gold This Week

We won’t bother with much commentary this week. Instead simply check out our featured article just posted this afternoon for a full run down on the price and chart action. As that says the big occurrence this week was the long awaited breakout in US dollar gold above $1400. NZD gold continues to shoot higher. Read the post for what we think happens from here. NZ Dollar Gold Chart NZD silver also looks to have broken out of the multiyear down trend. Don’t let the USD gold title fool you. We cover silver in this week’s featured post too. NZ Dollar Silver Chart While the NZ dollar plays second fiddle to the goings on in gold. The Kiwi continues trading between 0.65 and 0.67. 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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USD Gold Breakout – Above $1400 at 6 Year High – What Happens Now?

Is this breakout a big deal? After many false starts over the past few years, it looks like most people still think this is another one. We’re not so sure though. Read on to see:
  • How It’s Not Just USD Gold Rising
  • What Happens Now That Gold Has Broken Out?
  • Will We See a Correction Soon?
  • What This Contrarian Indicator Might Mean
  • What About NZ Dollar Gold?
  • Is Silver About to Play Catch Up?

USD Gold Breakout – 6 Year High Above $1400 – What Happens Now?

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Gold Cycles vs Property Cycles: When Will Gold Reach Peak Valuation?

Now that gold has broken out of the long term sideways range, it’s timely look at what might happen in the long run. When will gold reach peak valuation? We compare the current bull market to that of the 1970’s. Then we compare this current gold cycle to that of property. Are they related? Also what is the “Sovereign Default Cycle”? When is this likely to occur? How does it align with the Property and Gold cycles? There’s some really interesting congruences between all of these…

Gold Cycles vs Property Cycles: When Will Gold Reach Peak Valuation?

Late Update: The RBNZ Left the OCR at 1.5%. But Lower Rates Are Coming

From the RBNZ press release:
“The Official Cash Rate (OCR) remains at 1.5 percent. Given the weaker global economic outlook and the risk of ongoing subdued domestic growth, a lower OCR may be needed over time to continue to meet our objectives. Domestic growth has slowed over the past year. While construction activity strengthened in the March 2019 quarter, growth in the services sector continued to slow. Softer house prices and subdued business sentiment continue to dampen domestic spending. The global economic outlook has weakened, and downside risks related to trade activity have intensified. A number of central banks are easing their monetary policy settings to support demand. The weaker global economy is affecting New Zealand through a range of trade, financial, and confidence channels. We expect low interest rates and increased government spending to support a lift in economic growth and employment. Inflation is expected to rise to the 2 percent mid-point of our target range, and employment to remain near its maximum sustainable level. Given the downside risks around the employment and inflation outlook, a lower OCR may be needed.”

RBNZ Review Panel Asking For Public Input on Quantitative Easing

Last week we covered how the ANZ thinks there’s a “very real” chance monetary policy will run out of ammo:

RBNZ Prepared to Print Money and Implement Negative Interest Rates in a Crisis – Banks Now Think It’s Possible Too

Now this week a panel set up to review the Reserve Bank’s governing legislation wants broader public input on the decision-making around quantitative easing. Such as:
  • How quantitative easing (where the Reserve Bank would inject money by buying government bonds or other financial assets) should be conducted.
  • Would the central bank need ministerial consent to buy assets beyond government debt, and;
  • Are there other issues the group should consider?
Source: RBNZ review seeks wider input on quantitative easing This once crazy notion of money printing in New Zealand seems to be getting a lot more serious. As part of this RBNZ review, the government has also indicated they will introduce a bank deposit protection scheme. We’ve run out of time to comment much on that today. So we’ll have more on that next week. Such as whether it makes you bank savings any safer or not. As we allude to in our feature article, silver remains our best buy currently. Give us a call if you have any questions about silver.
  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

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This Weeks Articles:

USD Gold Breakout – 6 Year High Above $1400 – What Happens Now?

Wed, 26 Jun 2019 1:45 PM NZST
USD Gold this week broke above the key level of US$1400. Just under a week ago it broke above $1375. What happens now? Prior to this breakout, gold had attempted to break through this overhead resistance at $1375 six times in recent years. But now that the breakout has occurred, gold in USD is at […] The post USD Gold Breakout – 6 Year High Above $1400 – What Happens Now? appeared first on Gold Survival Guide.
Read More…

Gold Cycles vs Property Cycles: When Will Gold Reach Peak Valuation?

Mon, 24 Jun 2019 3:03 PM NZST
The concept of long term cycles and how history at least rhymes, if not repeats, is a topic we find really interesting. If somewhat hard to explain exactly why these cycles repeat. In 2017 we contemplated whether the new NZ government policies would cause a house price crash. And also whether NZ house prices had […] The post Gold Cycles vs Property Cycles: When Will Gold Reach Peak Valuation? appeared first on Gold Survival Guide.
Read More…

How Might the RBNZ Respond to the NZ Economy Weakening Further?

Sat, 22 Jun 2019 9:00 AM NZST
Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $1984 Buying Back 1kg NZ Silver 999 Purity $699 NZD Gold Still Rising Gold in New Zealand Dollars has defied gravity this week. It continues to push higher helped by a further […] The post How Might the RBNZ Respond to the NZ Economy Weakening Further? appeared first on Gold Survival Guide.
Read More…

RBNZ Prepared to Print Money and Implement Negative Interest Rates in a Crisis – Banks Think It’s Now Possible Too

Wed, 19 Jun 2019 1:54 PM NZST
The Reserve Bank of New Zealand (RBNZ), issued a bulletin on 4 May 2018. The bulletin outlined 5 unconventional monetary policy plans the RBNZ could implement in case of a crisis. Including that the RBNZ is prepared to print money.   The bulletin entitled “Aspects of implementing unconventional monetary policy in New Zealand” outlined these 5 […] The post RBNZ Prepared to Print Money and Implement Negative Interest Rates in a Crisis – Banks Think It’s Now Possible Too 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: 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 $2186
1kg NZ 99.9% pure silver bar  1 Kilo NZ Silver Bar $811 (price is per kilo for orders of 1-24 kgs)$806 (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 $22248
1kg PAMP 99.9% pure silver bar PAMP Silver $861
1oz Canadian Gold Maple 99.99% pure gold coin (1986) Gold Maple $2209
1oz Canadian Silver Maple 99.99% pure silver coin (Minimum order size tube of 25 coins) Silver Monster Box Tube of 25 $741 Box of 500 $14,054 (backdated other years) (Fully insured and delivered)
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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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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
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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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