Ronald Sterferle: How much longer can gold price intervention go on?

gold price

Gold Survival Gold Article Updates:

December 18,2014

This Week:

  • How Low Interest Rates are Keeping Your Wages Low Too
  • Ronald Sterferle: How much longer can gold price intervention go on?
  • Austria: The next cab out of the rank in gold repatriation

NOTE: This email was written yesterday but due to issues/fixes with our mailing sending service did not get delivered. We have updated the spot prices and product prices at the end of the email. But the charts and pricing in the email body compare yesterdays prices to last weeks. However the New Zealand dollar spot prices have not changed much since yesterday.

Also if you’ve had trouble receiving our emails lately hopefully these changes from our mail sending service will improve deliverability from now on. Thanks for your patience.

Prices and Charts

As expected last week, gold in NZ dollars moved lower during the past 7 days was. Down $28.98 or 1.83% to $1547. It now sits just above the 200 day moving average, but remains within the confines of the uptrend it has been in since June.

Gold in US dollars is down $37.89 or a hefty 3.08% to $1189.33 compared to a week ago.

NZ Gold Chart

A multitude of reasons have been given including the likelihood of Russia selling its gold reserves to shore up the ruble. Not that likely in our opinion.

And the expectation of the Fed dropping the phrase to keep borrowing costs near zero for a “considerable time,” in its announcement today. It did do this but merely replaced it with some gobbledygook “that it can be patient in beginning to normalize the stance of monetary policy”.

That looks to us to be the perfect phrase to use. Why’s that?

Because it is meaningless and lets them do whatever they want whenever they want to!

Silver has also pulled back quite sharply.

In US dollars it is down $1.32 or a chunky 7.7% to $15.78.

While in NZ dollars silver is down $1.43 to $20.53, or in percentage terms down 6.5%.

NZ Silver Chart

We mentioned last week that the NZ government surplus could be in trouble due to the lower whole milk powder prices. This was proven to be the case with Treasury numbers released this week. Mr English remains the optimist expecting to still get pretty close. But with things remaining sluggish with our main trading partners we have our doubts still.

This may well be the reason the NZ Dollar has dropped again this week. Down 1 cent on a 7 days ago. Today it sits at 0.7688.

Austria: The next cab out of the rank in gold repatriation

It seems it’s a case of another week another central bank gold repatriation. Last week we shared and discussed an article entitled The Mother Of All Bank Runs! This looked at how we are witnessing a number of countries asking for their gold to be returned home. These include Germany, the Netherlands and, most recently, Belgium. Along with French presidential candidate Marine Le Pen also bringing up the possibility of French gold being repatriated.

Well, this week the discussion has turned to how Austria are also considering repatriating gold currently stored with the Bank of England.

Koos Jansen gave a good summary of what Austria have been up to and he finished off with this comment:


“It looks like Austria is taking it step by step, just like The Netherlands did. First there was some discussion in politics about the official gold reserves and then actions are being taken behind the scenes, in the case of Austria they started to allocate their gold. The fact concrete actions already have been taken since July 2013, tells me there is a significant probability more will follow; such as repatriating gold from London.

Given the ‘risk of a high concentration at the Bank of England’, the examiner advise to ‘rapidly evaluate all possibilities of a better dispersion of the storage locations’… The central bank has not ruled out such a relocation. The existing gold storage concept would be reviewed, potentially it will bring parts of the stored gold in the UK to Austria, OeNB experts have stated.

Bear in mind The Netherlands not even talked about repatriating openly while preparing it. Who knows how many countries are preparing or discussing repatriating behind closed doors at this moment.”



Indeed who knows how many. This central bank gold “bank run” has the potential to be very significant. Who knows why they are all choosing to do it now? Could they know something the rest of us don’t about just what gold is held where, by whom or perhaps rather by how many? The central planners may also be worried about gold leasing and how many claims there are on the gold they think they own.

The day may come when we see a last ditch scramble to bring your gold home. Of course we won’t have to worry here because NZ doesn’t have any gold! See: How much gold does the Reserve Bank of New Zealand have?

Ronald Stoeferle: How much longer can gold price intervention go on?

Speaking of Austria, Austrian resident Ronald Stoeferle was posed a number of questions by readers of recently.

By the way, check out our summary of Ronni’s presentation here in Auckland last year if you’re unfamiliar with his excellent “In Gold We Trust” report:

Summary: Ronald Stoeferle’s Auckland, NZ, Presentation. Saturday 14/9/2013

One of the most popular questions was on the organized effort by large banks, acting as agents for Western central banks, to suppress the price of gold. In particular, the question how long this suppression can continue?


“Answering the question for how long this can go is quite hard. The “powers to be” are able to control markets and situations for much longer than most of us believe. Gold market interventions, directly or indirectly, can go on for a long time, but not indefinitely. Stoeferle believes the final arbiter will be the physical market. In other words, when interventions will result in an exaggerated distortion, a physical shortage is very likely, and it will rebalance the market by driving prices (much) higher. Alternatively, would a collapse in the monetary system occur, gold could be invoked by central planners to rebalance the system.”



Ronnie is a really bright guy and while probably one of the youngest gold analysts around his opinion is worth keeping an eye on. So check out the full article if you’ve got a moment. He answers questions on:

  • The recent gold price weakness, and, related to that, possible triggers which could reverse the downtrend.
  • The short and long term outlook for gold
  • The implications of competing digital currencies like bitcoin.
  • The possible future structure of the global monetary system including the IMF’s plans for introducing SDRs

Best not to wait for the central planners to decide on whether gold fits into the new monetary system, as by then it will be too late.

Local gold and silver suppliers will shut down over the Xmas / New Year break for a couple of weeks, so you won’t be able to purchase locally refined bullion until after the New Year holiday. However we will still have options to buy during this period. So if you see any price weakness (which is not uncommon at this time of the year) then get in touch.

Free delivery anywhere in New Zealand and Australia

Todays price for a box of 500 x 1oz Canadian Silver Maples delivered to your door via UPS, fully insured is $12,405 and delivery is now about 7-10 business days.

This Weeks Articles:

Expect Meddling

Expect More RBNZ Meddling to Come

2014-12-11 00:06:01-05

Gold Survival Gold Article Updates: Dec. 11, 2014 This Week: Gold Shorting Exhaustion The Mother of All Bank Runs NZ Dollar hits two and a half year low NZ Govt surplus looks even shakier Interest rates were kept on hold this morning by the RBNZ Prices and Charts Gold in US dollars is up $17.72 […]

Read More…

Financial advisers

How to Deal With Financial Advisors: Mastering the Art of Financial Backtalk

2014-12-17 14:44:47-05

On the back of recent comments by Alan Greenspan, Dennis Miller gives his thoughts on dealing with responses from others when discussing the possibility of “unexpected” market downturns… Mastering the Art of Financial Backtalk By Dennis Miller Alan Greenspan has popped back into the limelight and confirmed some of my worst fears (not that they needed […]

Read More…


German Chancellor Merkel Won’t Let Ukraine Get in the Way of Business

2014-12-17 14:57:50-05

See how the political machinations between Russia and the USA over Ukraine are likely much more complicated than most would think. Even with Russia taking a pounding currently with the Ruble planning in the last few days, see how much of Europe remains dependent upon them for their energy needs… German Chancellor Merkel Won’t Let Ukraine […]

Read More…

Lowered Interest Rates

Artificially Lowered Interest Rates Cause Stagnating Wages and Unemployment

2014-12-17 15:33:06-05

If you’ve been struggling to get ahead and you think your wages have been stagnating for these past years, then this is a must read article for you. We’ve featured this idea before but our favourite billionaire, Hugo Salinas Price, does perhaps the best job we’ve seen of explaining Professor Fekete’s theory of how artificially low […]

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:
  2. Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
  3. or Online order form with indicative pricing

Today’s Spot Prices

Spot Gold

NZ $ 1548.18 / oz

US $ 1196.90 / oz

Spot Silver

NZ $ 20.59 / oz

NZ $ 662.05 / kg

US $ 15.92 / oz

US $ 511.83 / kg

7 Reasons to Buy Gold & Silver via GoldSurvivalGuide

Today’s Prices to Buy

1oz NZ 99.99% pure gold bar

1oz NZ Gold Ingot


1kg NZ 99.9% pure silver bar

1 Kilo NZ Silver Bar

$728.26 (price is per kilo for orders of 1-4 kgs)

$722.19 (price is per kilo only for orders of 5 kgs or more)

1oz PAMP Suisse 99.99% pure gold bar



1kg PAMP 99.9% pure silver bar

PAMP Silver


1oz Canadian Gold Maple 99.99% pure gold coin

Gold Maple


1oz Canadian Silver Maple 99.99% pure silver coin (Minimum order size tube of 25 coins)

Silver Maple Silver Box

Tube of 25 $675

Box of 500 $12469

(Fully insured and delivered)


  • 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: Your funds are deposited into our suppliers bank account only. We receive a finders fee direct from them only.

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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)

Ph: 0800 888 465

From outside NZ: +64 9 281 3898


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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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