This Week:
- Should I Buy Gold or Silver? 7 Factors to Consider in Gold vs Silver
- The Seven Pillars of Gold
Prices and Charts
NZ$1875 Still to Fall
Gold in NZ dollars holding fairly steady from last week. Has yet to break conclusively through the $1875 mark, but still near the 2018 highs of a week ago.
Silver: Still Needs Gold to Breakout First
In contrast silver has pulled back quite sharply – down 1.45%. Getting close to the 50 day moving average. NZD Silver is back near the top of the recent trading range and likely in a good shorter term buying zone.
NZ Dollar Still Falling
The Kiwi dollar has continued its recent fall. Down nearly 1% on a week ago and sitting just under the 0.70 mark. It is the NZ Dollar weakness that has held up local gold and silver prices.
Unsure About Any Terms We Use When Discussing 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:
Continues below
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Should I Buy Gold or Silver? 7 Factors to Consider inGold vs Silver
Looking back we realised we have never covered in detail perhaps one of the most important questions people have when buying gold and silver:
Which one should I buy?
So in this week’s feature article we tackle the topic. We look at 7 factors you should take into consideration when choosing between gold and silver:
1. Crisis Hedge
2. Volatility
3. Affordability
4. Mark Ups or Margins Over Spot Price
5. Storage
6. Ability to be Borrowed Against
7. Potential Upside
If you are pushed for time you can skim through the conclusions to each point by reading our “deciding between gold or silver tips”.
Then check out the other posts on the blog.
The Seven Pillars of Gold
Also then check out the Seven Pillars of Gold which includes why gold is poised for a breakout pretty soon.
The Seven Pillars of Gold
https://goldsurvivalguide.co.nz/the-seven-pillars-of-gold/
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.
Gold and silver are a great hedge against potential trouble and strife. If you’re still having trouble deciding between them, then by all means give us a call to discuss options:
- Email: orders@goldsurvivalguide.co.nz
- Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
- or Online order form with indicative pricing
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