New Zealand Inflation Up More Than Expected – What’s Coming Next?

This Week:

  • Why the NZ Super Fund Should “Invest” in Gold
  • Gold Confiscation | Could it Happen in New Zealand?
  • What Type of Gold Bar Should I Buy?
  • New Zealand Inflation Up More Than Expected

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 $1788
Buying Back 1kg NZ Silver 999 Purity $676

Gold Breaks Out

Gold in NZ dollars broke clearly above the 200 day moving average (MA) this week. A feat it hasn’t managed since June. From here we can watch for gold to head back up to test the overhead resistance level around $1900.

It was interesting to see gold finally behave like a safe haven and rise, while share-markets have been taking a bit of hiding this past week.

NZ Dollar Gold Chart

Whereas NZD silver was only up slightly on a week ago. But silver is holding above the 50 day MA. Look for silver to try and test the 200 day MA around $23 before long. A bottom looks to have formed just below $21.50.

NZ Dollar Silver Chart

The New Zealand dollar is back up to test the 50 day MA again. Stronger than expected inflation data is what the talking heads are saying caused the bump up.

But will that be enough to convince traders the dollar should be heading higher? Hard to expect the Kiwi to break above the 50 day MA when it hasn’t been clearly above this line since April.

But then again it’s times like this when these unexpected things happen!

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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Why the NZ Super Fund Should “Invest” in Gold

The New Zealand Super Fund released their annual report last week. The report contained some interesting reading. The guardians of the fund (set up to help fund guaranteed superannuation) outlined how a repeat of the global financial crisis would see the almost $40 billion fund lose more than $22 billion. A loss of more than 50% of its assets.

See how the fund believes that such a fall will simply be a case of hold on and it will come right.

Instead we argue that a holding of physical gold in the Super Fund, could protect it in more than one way.

What are the odds of the fund guardians following such an approach? Read on to see.

Why the NZ Super Fund Should “Invest” in Gold

Why the NZ Super Fund Should “Invest” in Gold

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Gold Confiscation | Could it Happen in New Zealand?

We had a potential client from Hong Kong ask this week how safe would gold stored in New Zealand be? Also what are the odds were of government confiscation of gold here?

We delve into the history of gold in New Zealand. And also look at some surprising laws in place regarding gold confiscation in Australia.

These laws would place New Zealand ahead of Australia when it comes to gold storage.

Gold Confiscation | Could it Happen in New Zealand?

Gold Confiscation | Could it Happen in New Zealand?

Your Questions Wanted

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What Type of Gold Bar Should I Buy?

Are you ready to buy gold but not sure what type and size gold bar to buy?
We’ve got you covered. Learn:

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

What Type of Gold Bar Should I Buy?

What Type of Gold Bar Should I Buy?

New Zealand Inflation Up More Than Expected – What’s Coming Next?

New Zealand inflation for the September quarter was 0.9% compared to expected 0.7%. This gives an annual inflation rate of 1.9% (1.7% expected).

So the higher oil prices and lower New Zealand dollar seem to be filtering through to other prices.

“Here’s the main influences in the quarterly figures:

Transport rose 2.4%, influenced by higher prices for petrol (up 5.5%).
Housing and household utilities rose 1.1%, influenced by higher prices for local authority rates (up 5.1%), construction (up 1.3%), and rentals for housing (up 0.4%).
Food prices rose 0.6%, influenced by higher prices for vegetables (up 11%).

Normally with inflation reaching this sort of level, the expectation might be to see rising interest rates, but the RBNZ has indicated it will ‘look through’ short term spikes in inflation caused by external things such as rising oil prices.”

Source.

report by Infometrics forecasts that with rising transport costs and a higher minimum wage squeezing business profits, this could lead to disappointing economic growth in New Zealand in the next two years. This despite the latest GDP figures showing the fastest rise in two years.

This ties in well with what we reported earlier this month: Why it Might Be Premature to Celebrate the NZ GDP Numbers

“The 6-7% NZD fall we had during the June quarter gave a boost to exporter (farming) incomes. But the hangover is coming… Inflation lags currency moves by about 2-3 months so september quarter inflation will be sharply up and GDP result will be hammered by that high inflation. As a nation that imports far more than we export, and with little ability to increase agricultural capacity, we will be hurt more than we benefit by the currency falling.”

So far we have the higher than expected September quarter inflation. Now we’ll see if we get a corresponding fall in GDP later this year.

There is still debate among the bank economists whether the Reserve Banks next interest rate move will be up or down.

Kiwibank thinks inflation will force the the Reserve Bank to lift the OCR six months ahead of schedule.

While ASB still expects the bank to leave the official cash rate on hold until early 2020.

Maybe the economists might all be right though? Maybe we’ll see lower growth and higher inflation together. That would be stagflation and it still looks like a risk to us. Not a good combination at all – although much better if only you hold some gold and silver.

Read more: Could Stagflation Happen Again in New Zealand?

Make sure you have some precious metals just in case.

Check out the deals going currently.

  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:

Why the NZ Super Fund Should “Invest” in Gold

Wed, 17 Oct 2018 9:48 AM NZST

WHY THE NZ SUPER FUND SHOULD INVEST IN GOLDSee how another financial crisis could cause the NZ Super Fund to lose over 50% in value. And why we believe the fund guardians should have an exposure to physical gold as insurance against crisis events. The New Zealand Super Fund released their annual report last week. The NZ Super Fund was set up to […]

The post Why the NZ Super Fund Should “Invest” in Gold appeared first on Gold Survival Guide.

Read More…

Gold Confiscation | Could it Happen in New Zealand?

Tue, 16 Oct 2018 10:45 AM NZST

We received a question from reader J.M… “I just wanted to know if you had any info on if the NZ Government has the ability to ‘confiscate’ investors gold & silver. I have read some articles about this happening in the USA in the thirties and wonder if our govt. has the power/laws to do […]

The post Gold Confiscation | Could it Happen in New Zealand? appeared first on Gold Survival Guide.

Read More…

What Type of Gold Bar Should I Buy?

Mon, 15 Oct 2018 12:03 PM NZST

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

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

Read More…

The Mainstream is Catching Up With Us?

Fri, 12 Oct 2018 9:39 AM NZST

This Week: Is the RBNZ Preparing to Scrap the New Zealand $100 Note? Why New Zealand Won’t Have Any Say in a Global Currency Reset The Mainstream is Catching Up With Us! Prices and Charts Looking to sell your gold and silver?Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $1767 […]

The post The Mainstream is Catching Up With Us? 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
$1929
1kg NZ 99.9% pure silver bar 
1 Kilo NZ Silver Bar
$781 (price is per kilo for orders of 1-24 kgs)
$774 (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
$1960
1kg PAMP 99.9% pure silver bar
PAMP Silver
$839
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$1996    (or $1963 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 $695
Box of 500 $13,579 (2018’s)
$13,524 (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 Bitcoin, Bitcoin Cash, 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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