Prices and Charts
Gold Down More Than Silver
Gold was down again this week – about 3/4 of a percent.
The price has touched the rising blue trendline again today. It’s still anyone’s guess as to whether we are at the bottom in this correction. As we said last week, the chance remains of a further dip to touch the 200 day moving average (MA). Or we could see a churning sideways from here.
This remains a good buying zone either way. You could layer in if it goes lower. Or if this is the bottom you’ll have a position at a good price.
Silver Bouncing Off $26 Again
Silver today bounced off the support line at $26 again. Just like gold, we could see silver test the 200 day MA. But we wonder if it might bounce from here. Perhaps more sideways trading is just as likely?
If sideways trading is in store, then today would be a great time to buy. Being close to the bottom of the trading range. The current deal for 10 x Perth Mint 1kg Silver bars for the same price as local silver adds to the reasons to buy silver today.
NZ Dollar Unchanged
The Kiwi dollar is basically unchanged from a week ago. It continues to trade between 0.6200 and 0.6450. As it has since mid October. Since August this sideways range has been between 0.6200 and 0.6450. So far the RBNZ not cutting the OCR further has not been enough to send the Kiwi any higher. Best guess? Expect the sideways trading to continue. So the offshore gold and silver price may be the biggest factor in local precious metals prices.
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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Why Buy Gold? No Fiat Currency Lasts Forever – Even the NZ Dollar. Devalued 7 Times in 17 Years…
In writing our recent popular articles on the NZ Housing to Gold and NZ Housing to Silver ratios we learn some interesting facts about the New Zealand dollar.
We didn’t realise the dollar was devalued 7 times in the lead up to it being floated in 1985.
There’s probably quite a lot else you don’t know about the history of the good old Kiwi dollar. So check this out for a bunch of reasons why you should own some gold:
What Type of Silver Bar Should I Buy? – The Ultimate Guide to Silver Bars
Here’s one of our most common questions… What type of silver bar should I buy?
This article will help you decide. You’ll learn everything you need to know, 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.
If you’ve yet to read the above article, here’s a bit of a spoiler alert…
While we have these 10kg Boxes of Perth Mint Silver Bars selling for the same price as local silver bars, they are hard to look past. If you’ve got just over $9000 to spend on silver you won’t beat these bars.
Get in touch to grab one of the remaining 7 boxes…
- Email: orders@goldsurvivalguide.co.nz
- Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
- or Shop Online with indicative pricing
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Here’s one of the main answers to the question “Why buy gold and silver?” Simply, because no fiat currency lasts forever. In this article: You’ll see just how many fiat currencies have gone the way of the Dodo since only 1975 What this could mean for the New Zealand Dollar Plus some interesting and little […]
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Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $2203 Buying Back 1kg NZ Silver 999 Purity $815 NZD Gold – is the Bottom Now in? That is the $64,000 question! NZD Gold is down slightly on last week. Having now […]
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Quite a specific question in from a reader looking at gold mining shares vs physical gold bullion. “I’m interested to know if owning gold and silver mining shares or owning actual gold and silver products makes any difference if your goal is wealth creation? In the short term and in the long term which would […]
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