- Bitcoin, Bubbles, Gold & Silver
- What Type of Silver Bar Should I Buy? – The Ultimate Guide to Silver Bars
- The Gold Standard & A Free Market For Money: What Do We Think About It?
- NZ Small Business Revenue Follows Confidence Down
Prices and Charts
NZD Gold Pulling Back After Getting Close to 2 Year Highs
NZD gold is down about half a percent this week. Pulling back after getting close to 2 year highs just above $1900.
We could see a further retracement to the 50 and 200 day moving averages from here. Just above $1830. That is likely to be a good buying zone.
NZD silver dropped much more sharply this past week. Down just under 2% and now sitting back on the 50 day moving average again. NZD silver could go either way from here. But we’d guess the 50 day MA could prove to be solid support.
Meanwhile the Kiwi dollar is once again challenging the 50 day moving average line. A line it hasn’t managed to get definitively above since April. However this week the dollar may have made a higher low. So perhaps it could be done falling for now. And maybe will try to consolidate around these levels?
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:
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Bitcoin, Bubbles, Gold & Silver
Darryl Schoon looks at bitcoin and cryptocurrencies and how they have likely been driven higher, along with other financial assets by the second bailout for banks (quantitative easing).
He also looks at the absence of a bubble in gold and silver and why this is. Along with an interesting method of trading bitcoin based derived from Professor Antal Fekete’s study of the gold basis.
What Type of Silver Bar Should I Buy? – The Ultimate Guide to Silver Bars
Our recent article What Type of Gold Bar Should I Buy? proved very popular. So here is the equivalent for silver.
You’ll learn everything you need to know when buying silver bars including:
- When to choose silver bars over silver coins
- What size silver bar to buy
- Pros and cons of different silver bar sizes
- What’s the most commonly purchased silver bar size
- Different brands of silver bars
- Cast bars vs minted bars
- When are silver coins not more expensive than silver bars
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.
The Gold Standard & A Free Market For Money: What Do We Think About It?
A recent article, Why New Zealand Won’t Have Any Say in a Global Currency Reset,prompted a couple of questions this week on the gold standard.
So check this out and you’ll learn about the various gold standards and exchange rate regimes over the past 200 years. Along with what the option may be instead of a return to a gold standard. Including our thoughts on the gold standard, a free market for money and cryptocurrencies.
NZ Small Business Revenue Follows Confidence Down
We’ve been reporting lately on the slow down in the NZ economy. See: Could Stagflation Happen Again? and New Zealand Inflation Up More Than Expected – What’s Coming Next?
A new survey out this week focused on small and medium sized business shows a sharp slump in both general confidence and – more worryingly – revenue, with petrol costs standing out as the biggest concern.
“The MYOB Business Monitor Snapshot, which polls 412 small and medium sized business operators, found 53 per cent now expect New Zealand’s economy to decline over the next 12 months.”
So we are starting to see some actual numbers to support the low business confidence numbers in NZ.
New Zealand’s September net migration gain down 21% from September 2016 peak
Net migration numbers also continue to fall.
“Statistics NZ said there was a net gain of 6263 people in September, which was the lowest it has been for the month of September since 2014.
That’s down 21% from the September 2016 peak of 7904.
On an annual basis there was a net gain of 62,733 in the 12 months to September, the lowest it has been for that period since 2015, and down 12% from the September year peak of 70,986 in the 12 months to September last year.
The fact that the monthly net gain figures are falling at a faster rate than the annual figures suggests the numbers are continuing to decline.”
This is adding a bit of weight to what we surmised back in July when we wrote:
Net Migration Falling – Could This Tip NZ into Recession?
So be sure you have some hard assets as financial insurance in case of a downturn and fall in other asset prices.
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