Should We Be Worried About the CoronaVirus?

Prices and Charts

Change from last weeks gold and silver prices

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Gold Jumping Sharply on Coronavirus Fears

NZD gold is up over 1% this week. And that is after pulling back today. It seems the fear of the spread of the coronavirus may be the cause of the jump.

Gold in NZ dollars is now back above the high reached in early January. If the fears are overblown we may see gold pull back again. Thereby filling the “gap up”. That would be our guess. But the fear trade can often be much stronger than we’d think. As it stands we are not far off retesting the August 2019 all time high for gold in NZ dollars.

Whether it pulls back in the short term or not, we’d say that high is likely to be broken before too long regardless.

NZ Dollar Gold Chart

While Silver Drops

Meanwhile silver was following the “risk off” theme and followed global share-markets lower this week. Rather than moving higher with gold. So NZD silver is now retesting the upper trendline after the breakout from the bullish pennant formation.

NZ Dollar Silver Chart

A Gold Silver Ratio High Today

This move lower for silver in comparison to gold has pushed the gold/silver ratio back up to 90. The highest it has been since mid 2019. This has us thinking (yes dangerous we know dear reader!). Could this be one of the times when the ratio peaks and silver bottoms?

Check out the chart below which points to this likely being the case. At some stage silver will play catch up to gold and the ratio will head higher. Meaning silver will gain much more than gold. This usually happens later in a bull market. So you have to get on board the silver train, and then wait patiently for it to leave the station!

Gold silver ratio Chart

NZ Dollar Still Dropping

The New Zealand Dollar was down even further this week. But it now sits on the 200 day moving average (MA) and also the rising trendline (red). So a bounce back higher looks likely now. But with the contagion fears this is no guarantee.

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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Are We Now in the Crack-Up Boom?

Bill Bonner looks to have been right on the money when he wrote this back in late 2017:

“So, let’s see…

Mr. Xi is tightening up.

Mr. Draghi is tightening up.

Ms. Yellen is tightening up.

They are reversing the policy that a generation of investors, businesses, and households has taken for granted.

From “buy,” they are moving to “sell”… from loose to tight… from “Party Now!” to “Party Later!”

Hmmm… what will that do to the gigantic bubble they have created? We don’t know. But we have a hunch that it will send central bankers scrambling to bring out the biggest punch bowl ever.”

Sure enough, that looks to have been the case. The US central bank was forced to restart QE last year after troubles in the Repo market.

Read on to see how that looks likely to have entered us into the “crack-up boom” phase of the monetary breakdown. It’s likely why everything was rising last year. See what that would mean for gold and silver…

The Crack-Up Boom and Gold & Silver

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Why You Should Ignore the USD Gold Price

As mentioned already, gold has jumped in recent days following fears about the Coronavirus spreading from China (more on that soon). So as a result we’ve see more mentions in the press of gold rising to get “close to US$1600 per ounce”.

This is a useful reminder not to pay too much attention when the media quotes the US Dollar gold price. Here’s why…

Why You Should Ignore the USD Gold Price When Buying Gold in New Zealand

Why You Should Ignore the USD Gold Price When Buying Gold in New Zealand

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Should We Be Worried About the CoronaVirus?

The Coronavirus spreading seems to have really spooked global markets. Gold is up, silver down and share-markets have taken a tumble.

So how worried about it should we be?

This interesting chart below shows that past contagious disease outbreaks have not hurt global markets much at all in the medium term.


The next chart also shows the US Stock Market is more expensive now than at the height of the bubble. In fact it is the most expensive ever.

So perhaps the markets have been looking for a reason to fall?

And a global pandemic is as good a reason as any we guess.

US Stocks are overvalued

Source: Weber Global Opportunities Report

That being said, we have also read some serious reports of how quickly this current outbreak has spread. It seems to be contagious before any visible symptoms too. And with the Chinese New Year in full swing it could spread even faster.

Plus you’d never know quite what to believe when it comes to Chinese government reporting.

(Not that the Chinese have dishonest government statistics all to themselves! See: Comparing NZ Money Supply, Government Inflation Statistics, Property Prices, and Gold Prices for the Last 19 Years)

It certainly seems to have spooked many people. Our sister website Emergency Food NZ has seen a serious surge in the purchase of long life food in the last week. Plus we’ve almost sold out of water filters.

And the Coronavirus scare is about all we could put that down to. Still it pays to be stocked up before any trouble hits. Because that’s when the shelves go bare.

So we don’t have the answers on this one sorry. Other than plan for the worst and hope for the best.

It’s the same advice we give whether it be for an earthquake, flu pandemic or a financial crisis. You’ve got to have your supplies well in advance of any trouble.

So get in touch. Whether that is to buy some gold or silver – or some emergency supplies.  And remember to keep a good chunk of cash on hand too. ATM’s and Eftpos are the biggest weak points in the money chain when things go bad.

  1. Email:
  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:

Why You Should Ignore the USD Gold Price When Buying Gold in New Zealand

Tue, 28 Jan 2020 4:15 PM NZST

Are you at all confused about the difference between NZD and USD gold price (and silver price)? Here’s a question from a reader wanting some clarity on NZ Dollar versus USD Dollar precious metals prices: I am a little confused about the difference between the NZD and USD pricing though. Can you explain how the […]

The post Why You Should Ignore the USD Gold Price When Buying Gold in New Zealand appeared first on Gold Survival Guide.

Read More…

The Crack-Up Boom and Gold & Silver

Tue, 28 Jan 2020 1:19 PM NZST

We recently reported that in 2019 just about every asset class went up – including gold and silver. That is possibly evidence that we are in or entering Austrian economist Ludwig von Mises “crack-up boom”. Below Darryl Schoon discusses the goings on in the US Repo market and what he believes was the cause of […]

The post The Crack-Up Boom and Gold & Silver appeared first on Gold Survival Guide.

Read More…

The 2019 Top 5: Our Most Read Articles of 2019

Sat, 25 Jan 2020 11:54 AM NZST

Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $2273 Buying Back 1kg NZ Silver 999 Purity $826 NZD Gold Edging Higher Gold in NZ Dollars edged about 1% higher this week. It looks to have found support around the previous […]

The post The 2019 Top 5: Our Most Read Articles of 2019 appeared first on Gold Survival Guide.

Read More…

Why Buy Gold? Here’s 15 Reasons to Buy Gold Now in 2020

Mon, 20 Jan 2020 10:01 AM NZST

“Everything looks pretty good in the world at the moment. Property and share prices have gone up a lot. Why buy gold now?” That’s one of the common responses we get when we mention we are involved in selling gold and silver bullion. Unlike a number of years ago the average guy or girl in […]

The post Why Buy Gold? Here’s 15 Reasons to Buy Gold Now in 2020 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:
  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

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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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