RBNZ Deputy Confirms Our Thoughts: Any Bank Depositor Bail-In Exemption Likely Minimal

This Week:

  • What Does Short Covering Mean for the Price of Silver?
  • Canary In The Silver Mine
  • Doug Casey’s Top Two Ways to Store Wealth Abroad
  • RBNZ Deputy Confirms Our Thoughts: Any Bank Depositor Bail-In Exemption Likely Minimal

TWO SILVER COIN SPECIALS TODAY

OPTION 1:

Sold 1500 this week, but still 6500 x 1oz Perth Mint Silver Kangaroos 2015 BU (Brilliant Uncirculated) Left
Minimum order 500 coins

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500 x 1oz Perth Mint Silver Kangaroos 2015 are $14,500 ($29 per coin)
1000 x 1oz Perth Mint 2015 Silver Kangaroos are $28,700 ($28.70 per coin)
Fully insured and couriered via Fed Ex directly to you anywhere in New Zealand or Australia.

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OPTION 2: EXPIRES TODAY

Canadian Silver Maples Monster Box – Bonus Deal

Silver Maples

$14,680 for 500 x 1oz Canadian Silver Maples fully insured via Fed Ex directly to you anywhere in New Zealand or Australia.
+ Free Glove Box Survival Kit valued at $69 with any order of 500 or more 1oz silver coins.

Survival Kit

Looking like an excellent time to buy today as silver looks set to move higher.

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 $1715
Buying Back 1kg NZ Silver 999 Purity $745

Silver Up Gold Down

Both precious metals have paused this week after their strong bounces from what look like being bottoms.
NZD gold is down just over 1.5% and once again not too far above the 200 day moving average (MA) line. Another buying opportunity in gold could be presenting itself.

NZ Dollar Gold Chart

Meanwhile silver is holding up well even in the face of a stronger Kiwi dollar. Looking to consolidate the recent sharp rise and holding above $24.

NZ Dollar Silver Chart

The Kiwi dollar did manage to break above the 50 day moving average this week. But it is now looking a bit over extended. It is approaching overhead resistance at 0.71. The RSI is also now overbought at 70 and the price is above the upper Bollinger band (the shaded blue area on the chart below).
So odds favour a pull back in the NZ dollar from here. This could help boost the local prices of gold and silver higher.

NZ Dollar Chart

Would you like some assistance with timing your entry into and your eventual exit from gold and silver? Then you may want to meet our “secret” investment advisor. You can learn more about who he is… And how you could benefit from his uncanny ability to enter and exit not just the precious metals markets but many other markets too, at just the right time. So go here to learn more now.

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Gold/Silver Ratio Ready to Resume it’s Fall?

In our daily price alert lately we’ve been showing how the gold/silver ratio looks ready to begin falling again.

(Learn more about our daily price alert why you might want to sign up here, especially if you’re looking to buy and want to keep a close eye on the daily movements).

The ratio recently poked its nose above 76, reaching the top of the trading range the ratio has been in over the past year. (Note: The ratio measures how many ozs of silver it takes to buy an oz of gold).
But with things looking in silvers favour (more on that in one of our feature articles below), we think this ratio is likely to head lower again now. Meaning silver will outperform gold in the coming months.
If it does watch for the key level around 65. The ratio hasn’t been below that since 2014. So we’d be in new territory and that would be very bullish for silver.

Gold Silver Ratio Chart

What Does Short Covering Mean for the Price of Silver?

In last weeks feature article, NZD Silver Bottom is Here – Technical and Sentiment Analysis, one topic we touched on was how the silver futures Commitment of Traders (COT) report data was turning bullish.
“Last month speculative traders had become incredibly bullish on silver especially. But the silver sell off has caused many to reverse their position.”
There has been much more coverage of the COT data this week and so we’ve pulled much of that together.
We summarise:
  • What’s been going on in the silver futures market,
  • What short covering means, and
  • What it could do to the price of silver.
So if you don’t understand the futures market at all, but would like to learn how you can use it to determine likely market bottoms and buying opportunities this one is for you.

What Does Short Covering Mean for the Price of Silver?

Short Covering in Silver

Continues below
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RBNZ Deputy Confirms Our Thoughts: Any Bank Depositor Bail-In Exemption Likely Minimal

Two weeks ago we discussed how the IMF has:

“…recommended the government implement a $10,000 “de minimis” exemption to the current Open Bank Resolution (OBR) scheme (a.k.a. bank depositor haircut scheme).

This would mean that each bank depositor would get $10,000 exempt from the Reserve Bank of New Zealand’s (RBNZ) depositor “haircut” policy if a bank were to fail.”
But we wrote that a $10,000 “de minimis” exemption looked unlikely:

“…Finance Minister Steven Joyce said the government is looking at making some “tweaks” to the current OBR set up. But given the RBNZ has consulted on only a $500 exemption these tweaks may not be that significant.

Significant however is that New Zealand is the only OECD country to not have bank deposit insurance. For example Australia has coverage up to AU$250,000. In the US it is up to US$100,000.
So in the event of a bank failure all your bank deposits are at risk currently. In the future this may change to a small amount not being subjected to a hair cut.”

Source.

This week you can read how the Reserve Bank Deputy Governor as good as confirmed our thoughts on this in a recent interview.

RBNZ Deputy Confirms Our Thoughts: Any Bank Depositor Bail-In Exemption Likely Minimal

Bail in Exemption minimal

Silver in particular looks in a good buying zone currently. So a good chance to take advantage of one of the 2 silver coin deals going currently and remove some of your wealth from the reaches of a bank bail-in.
  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
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This Weeks Articles:

What Does Short Covering Mean for the Price of Silver?

Thu, 25 May 2017 1:37 PM NZST

In last weeks feature article, NZD Silver Bottom is Here – Technical and Sentiment Analysis, one topic we touched on was how the silver futures Commitment of Traders (COT) report data was turning bullish. “Last month speculative traders had become incredibly bullish on silver especially. But the silver sell off has caused many to reverse […]
Read More…

Doug Casey’s Top Two Ways to Store Wealth Abroad

Mon, 22 May 2017 12:22 PM NZST

One of these wealth storage options is portable and one is not. Both likely have their place. If you’re looking for some offshore wealth storage options then get in touch as we have a new option in place for holding wealth outside of New Zealand… Doug Casey’s Top Two Ways to Store Wealth Abroad By […]
Read More…

Interest in Gold and Silver is Always Lowest When Opportunity is Best

Mon, 15 May 2017 11:50 AM NZST

RBNZ Deputy Confirms Our Thoughts: Any Bank Depositor Bail-In Exemption Likely Minimal

Mon, 22 May 2017 11:54 AM NZST

Last week we discussed how the IMF has: “…recommended the government implement a $10,000 “de minimis” exemption to the current Open Bank Resolution (OBR) scheme (a.k.a. bank depositor haircut scheme). This would mean that each bank depositor would get $10,000 exempt from the Reserve Bank of New Zealand’s (RBNZ) depositor “haircut” policy if a bank […]
Read More…

Canary In The Silver Mine

Fri, 19 May 2017 12:08 PM NZST

Stewart Thomson thinks we are seeing the early signs of rising global inflation. And that this will lead to higher silver prices in particular. Check out why he believes this is a very good place to be buying right now. Canary In The Silver Mine Graceland Updates: By Stewart Thomson The average gold market investor […]
Read More…

NZD Silver Bottom is Here – Technical and Sentiment Analysis

Fri, 19 May 2017 2:11 AM NZST

This Week: NZD Silver Bottom is Here – Technical and Sentiment Analysis Freegold and the Mechanism of the Gold Reset Tax Freedom Day Falls Later Again This Year in New Zealand Zimbabwe Contemplates Restoring its Own Currency with Gold Backing SPECIAL EXPIRES THURSDAY 25 MAY Canadian Silver Maples Monster Box – Bonus Deal $14,680 for […]
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
$1852
1kg NZ 99.9% pure silver bar
1 Kilo NZ Silver Bar
$890 (price is per kilo for orders of 1-4 kgs)
$873 (price is per kilo only for orders of 5 kgs or more)
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1oz PAMP Suisse 99.99% pure gold bar
PAMP Lunar Goat Gold Bar
$1888
1kg PAMP 99.9% pure silver bar
PAMP Silver
$917
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$1930
1oz Canadian Silver Maple 99.99% pure silver coin
(Minimum order size tube of 25 coins)

Silver Maple
Silver Box
Tube of 25 $797
Box of 500 $14,680
(Fully insured and delivered)

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
  • 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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Our Mission

  1. To demystify the concept of protecting and increasing ones wealth through owning gold and silver in the current turbulent economic environment.
  2. To simplify the process of purchasing physical gold and silver bullion in NZ – particularly for first time buyers.

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.

Copyright © 2017 Gold Survival Guide. All Rights Reserved.

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