Prices and Charts
NZD Gold Down Over $40 From Last Week
Gold in New Zealand dollars is down 1.64% from a week ago. It has been bouncing around the support line at $2500 yet again throughout the week. However we still need to watch for the possibility of a further dip lower. Down to $2450 or even the intraday low from August of $2400. This also coincides with the rising trend line.
Silver Outperforming Gold
In a reversal of form from the previous week, silver has outperformed gold over the last 7 days. Silver in NZ dollar was down just under 0.5%. So far silver has managed to hold above the horizontal support line around $32. Bouncing up from near it a number of times over the past 2 weeks. Is this finally the bottom for silver?
Weaker Kiwi Dollar Support Local Precious Metals Prices
The New Zealand dollar was down almost 60 basis points this week. Back below the 50 day moving average line. We may see it consolidate around these levels now. The sharply weaker Kiwi gave local precious metals prices a boost. So they have held up much better than the USD prices for gold and silver this week.
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 Sleeping Beauty Should Own Some Gold or Silver
In this week’s feature article we get a bit metaphorical…
If you have an interest in precious metals it’s likely you’ve done a bit of reading and may have gone down a few “rabbit holes”.
The difficulty can be that there are many theories on how things will play out and just as many on when. But no one (regardless of how certain they may sound!), knows exactly what the future holds. We can each only offer an educated guess.
So this week we look at what to do about this. We cover:
- The World’s Monetary System is Changing
- Why Negative Interest Rates?
- Technology and Money
- US Dollar’s Reserve Currency Status in Danger
- When Sleeping Beauty Wakes Up, What Will Money Look Like?
- Look to the Past to Prepare for the Future
- How to Transfer Your Wealth into an Unknown Future
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.
Local refinery operations have commenced again under Level 3. But dispatches to Auckland addresses and collections have been suspended as goods cannot be inspected, counted or signed for by the customer.
Dispatches will stored and insured free of charge until it is safe again to dispatch them and signatures can be obtained. When we drop down a level, you will be advised when your order is ready to collect and to book in a collection time to ensure an adequate distance between customers.
Although, currently imported orders are continuing to be delivered via Fedex. So that is an option if you are looking to spend more than around NZ$10-15,000.
Please get in contact if you’d like a quote or have any questions:
- Email: [email protected]
- Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
- or Shop Online with indicative pricing
— Prepared for the unexpected? —
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