NZ Dollar Hits New 12 Month Low

NZ Dollar Hits New 12 Month Low

Prices and Charts

Change from last weeks gold and silver prices

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Buying Back 1oz NZ Gold 9999 Purity $2534
Buying Back 1kg NZ Silver 999 Purity $1030

NZD Gold Continues Last Week’s Comeback

Gold in New Zealand dollars continued the comeback from the week before, rising $33 per oz. NZD gold is now close to breaking out of the short term wedge formation. It could go in either direction, there is no real strong argument either way right now. So we could still see gold dip back to the blue downtrend line it broke above in November. Or even down to the 200 day moving average which is not much lower now.

NZ Dollar Gold Chart

But Silver is Down

While NZD gold was up, silver went lower this week. Down 0.80% from 7 days ago, dipping below the 50 day MA and down to touch the blue horizontal support line around $33. Silver is trying to bottom out at that line now.

NZ Dollar Silver Chart

NZ Dollar Hits New 12 Month Low

This week the New Zealand dollar dipped below the sideways range it has been in all year. Falling to a new 12 month low. We have now marked out a downtrend channel that the kiwi dollar looks to be in.

Given the length of the lock down in New Zealand’s biggest city, it’s perhaps not surprising that forex traders have gotten more negative on the New Zealand economy. There may not be the pent up demand that has been seen when previous lock downs were lifted.

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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Gold Purity and Silver Purity – A Complete Guide

We’ve had a lot of questions lately about the purity of silver bars vs silver coins. The locally refined NZ 5 oz silver bars we currently have available are 99.95% pure. Which is higher than some silver coins, for example the Austrian Philharmonic and American Silver Eagle which are 99.9%. But lower than some other coins, such as the Canadian Silver Maple, which is 99.99% pure. Speaking of Maples, the new 2022 silver maple is anticipated to arrive in mid January. So these are available to pre-order now.

There is quite a lot to the subject of gold and silver purity. So this week’s feature article covers everything you’ll need to know on this topic, including:

  • Gold Purity: Carats vs Fineness
  • Millesimal Fineness and Percentage Purity
  • Converting Carats into Fineness
  • Gold and Silver Purity Conversion Chart
  • GST on Gold and Silver in New Zealand – Depends on the Purity
  • How to be Sure of the Purity When Buying Gold and Silver Bullion

Gold Purity and Silver Purity – A Complete Guide

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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.

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Lack of Silver Coins and Ongoing Dispatch Delays

As we said last week, there are not too many silver coin options currently. This is due to an increase in demand combined with international shipping delays. Also due to many world mints switching production over to their 2022 coins. Many are waiting on blanks to be able to continue with production. So lower stock, heightened demand and shipping delays are combining to cause delays.

But in smaller denominations of silver we do still have 5oz and 10oz bars as an option. These also have the advantage of having lower premiums above spot price. These are in stock but there are still delays of around 3 weeks due to backlogs and courier delays.

When Auckland eases Covid restrictions and the courier system settles, we expect these delays to be eliminated.

Thank you for your continued support and patience.

Your orders remain insured and stored within the vaulting system until they are collected or dispatched.

Please get in contact if you’d like a quote or have any questions:

  1. Email: [email protected]
  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:

Gold Purity and Silver Purity – A Complete Guide

Tue, 7 Dec 2021 4:50 PM NZST

Gold and Silver Purity

Gold Purity and Silver Purity When buying precious metals, it is important to have an understanding of the gold purity or silver purity of the bars or coins. Why? Because a small difference in gold or silver purity can have an impact upon the overall value of the gold or silver contained in a coin […]

The post Gold Purity and Silver Purity – A Complete Guide appeared first on Gold Survival Guide.

Read More…

Gold Price Forecast: What Experts Predict

Tue, 30 Nov 2021 3:09 PM NZST

gold-forecast-by-experts-featured-image

As British politician Nigel Farage once said, “Predictions are a mug’s game.” Nonetheless, if you are considering investing in gold, you would be a mug for not considering where the experts perceive the price of gold to be heading. With that in mind, let’s take a look at where the experts believe the price of […]

The post Gold Price Forecast: What Experts Predict appeared first on Gold Survival Guide.

Read More…

Should I Buy Gold or Silver in 2021? 7 Factors to Consider in Gold vs Silver

Tue, 30 Nov 2021 3:35 AM NZST

Should I Buy Gold or Silver_ 7 Factors to Consider

After you’ve decided to buy precious metals, the question now on your mind is “Should I buy gold or silver?” Which metal is a better choice for you? Many of the reasons to buy gold or reasons to buy silver are very much the same. However there are also some significant differences between gold and silver. In this article […]

The post Should I Buy Gold or Silver in 2021? 7 Factors to Consider in Gold vs Silver appeared first on Gold Survival Guide.

Read More…

If New Zealand Introduces a Central Bank Digital Currency, How Will Gold or Silver Be Valued and How Will One Use Them?

Wed, 24 Nov 2021 1:01 PM NZST

Two questions from readers recently on the topic of a New Zealand Central Bank Digital Currency (CBDC) and how an implementation of this will affect gold… Suzanne: With this new digital currency system they are talking about, how will gold or silver be useful ? Chris C: If NZ were to introduce a CBDC, how […]

The post If New Zealand Introduces a Central Bank Digital Currency, How Will Gold or Silver Be Valued and How Will One Use Them? 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: [email protected]
  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
$2,737.20
1kg ABC 99.95% pure silver bar
1 Kilo NZ Silver Bar
$1,203.30 or local silver bar $1,187.60
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1kg “Scottsdale Gold” Bar 99.99% with unique serial number

$87,806.26
1 oz Gold PAMP Suisse Lady Fortuna Minted Bar with Certificate
1oz Pamp gold bar
$2,854 (in stock)
1oz Canadian Gold Maple 99.99% pure gold coin (2020)
Gold Maple
$2,839 (in stock)
1 oz RCM Silver Maple Coin
(Minimum order size tube of 25 coins)

Silver Monster Box
Tube of 25: $1080 (pick up) (Pre-order 2022 maples for release mid January)
Box of 500:

$21,457 (Pre-order)

(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

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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: [email protected]

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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 © 2020 Gold Survival Guide.
All Rights Reserved.

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