The Biggest Take-Away From this Years LBMA Event in China

Prices and Charts

Change from last weeks gold and silver prices

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NZD Gold Dips Slightly

Gold in NZ Dollars was down 1.27% this week. Solely due to the strengthening Kiwi dollar. NZD gold is now just under the previous all time high from 2011. Look for support now at the $2300 level.

We could potentially see NZD gold back fill the gap up it made around $2275. Plus the rising trendline also sits at about $2250. So those are two other areas of support to watch for. You could also use these as buy zones if you are looking to layer in a series of purchases.

If those levels are hit, the odds are we will be in oversold territory and due for a bounce higher then.

NZ Dollar Gold Chart

Silver Still Holding at the 50 Day MA

Silver in New Zealand dollars was down just over 1 percent. Now getting back close to the $27 region. We could expect to see some support there or else maybe at $26?

Either way we are probably entering a pretty decent buying zone around here.

NZ Dollar Silver Chart

NZ Dollar Bouncing Higher

As mentioned already, the New Zealand dollar charged higher this week. Up a hefty 1.78%. We could see if move up closer to 0.6500. But with the RSI overbought/oversold indicator nudging into overbought territory, there may not be too much more upside in the short term.

As we said last week, perhaps we’ll just see the Kiwi consolidate around these levels. Between 0.62 and 0.65.

NZ Dollar Chart

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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

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Real Interest Rates vs Gold Prices – What Can They Tell Us About When to Buy Gold in New Zealand?

Last week we wrote about the potential impact of ultra low or even negative interest rates.

We discussed how interest rates are so low in New Zealand but may head even lower yet.

But in reality, interest rates are already lower than the rates you see quoted in the press.

How so?

Because these commonly quoted rates don’t take inflation into account. What is referred to as the “real interest rate”. So that is the interest rate minus the current year on year change in inflation rate.

When you look at these numbers, interest rates are already negative here in New Zealand. And that is using the government inflation numbers, which likely don’t reflect the average person’s weekly expenses.

So we’ve crunched the numbers on the real inflation rate in New Zealand right back until 1985. Then we’ve compared these numbers to the NZD gold price. The results are very interesting.

There is a stronger correlation that we might even have thought.

This relationship can be pretty useful in helping us identify the better times to be buying gold.

Read more here…

Real Interest Rates vs Gold Prices – What Can They Tell Us About When to Buy Gold in New Zealand?

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Why Stocks Could Keep Rising – But So Could Gold

We stumbled across an opinion backing up what we said last week about shares rising with the current low interest rates:

“Perhaps we’ll now see the “melt up” that a few financial writers have been expecting?
What about here in New Zealand?

Our share market continues to tick higher. So perhaps this will continue too? That extra credit needs to find a home. And with lower interest rates likely coming, perhaps more people will look to share markets?”

Source.

Frank Holmes, CEO of US Global Investors, pointed out in a recent interview that:

“…whenever you have an expanding economy and you drop rates in the U.S., it is very bullish for stocks. And if you have negative real interest rates, it’s very bullish for gold. So, having an expanding economy is bullish for stocks and negative rates are bullish for gold and silver, guess what? Gold and silver stocks are going to rip. And they’ve done that.”

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The Biggest Take-Away From this Years LBMA Event in China:
Central Banks Don’t Expect Gold to Regain Any Role as Money Itself. But…

This year’s London Bullion Market Association (LBMA) event was held in Shenzhen, China.

Yesterday Adrian Ash reported on the biggest and best idea he picked up at the gathering of golds big wigs…

#1. Central banks are buying gold because they don’t yet know what will replace the Dollar.

It’s not because they expect gold to regain any role as money itself, and not because they’re using gold to replace US Dollars in their holdings. Not as a long-term plan.

Instead, central-bank managers don’t like how US foreign policy (ie, Trump’s twitter account) could hit their ability to hold or trade the Dollar. Nor do they like how US policy means more debt on top of this year’s $1 trillion deficit, potentially driving the Dollar down against other currencies.

But there isn’t, as yet, any contender to replace or even challenge the Almighty Dollar as the world’s No.1 reserve currency. (When Sterling lost its crown after WW2, the Dollar looked the obvious new king. Whereas the Euro today has problems all of its own, and the Chinese Yuan isn’t even freely traded on the FX market.)

So, while waiting for the future shape of global money to become clear, central banks are choosing to buy some gold at a near-record pace simply as a place to hide out…

…a stop-gap away from the Dollar but also free from any other monetary or government authority’s policy mistakes.”

Funnily enough, this is just the point we made in last weeks article, Why Sleeping Beauty Should Own Some Gold or Silver…

“Wealth can be thought of as an accumulation of knowledge. Gold is a stable means to safely transfer that wealth into the future.

Bitcoin and cryptocurrencies may well play a part in the future monetary system. But it’s very difficult to predict which one, if any, will win out over the others. Plus they are so far untested in a global crisis.

Whereas gold and silver have stood the test of time. They have been used as money and retained their value for millenia.

…So store a portion of your wealth in physical gold and silver.

…That way when you “wake up” in 5 or 10 years time, regardless of how things change, you can rest easy that your wealth in gold and silver will hold its purchasing power.
Then you can transfer your stored wealth into whatever is being used as money at that time. Or “spend” your gold and silver on whatever the most undervalued assets are at that time.”

So. If central banks are buying gold “as a place to hide out”, while they wait for the “future shape of global money to become clear”, we’d say that is a pretty good reason for the average person to do the same!

This current pull back is starting to look like a good place to join the central banks “hide out”. Request a quote today.

Or give us a call if you have any questions. Or book a time online that suits you for a free bullion consultation.

  1. Email: orders@goldsurvivalguide.co.nz
  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:

Real Interest Rates vs Gold Prices – What Can They Tell Us About When to Buy Gold in New Zealand?

Fri, 18 Oct 2019 2:32 PM NZST

Interest Rates have been falling in New Zealand in recent months, with the Reserve Bank slashing the Official Cash Rate (OCR) by 0.50% . What will the Reserve Bank of New Zealand do in coming months? Are rates likely heading even lower? Our guess is yes they are. Maybe we’ll even see negative interest rates […]

The post Real Interest Rates vs Gold Prices – What Can They Tell Us About When to Buy Gold in New Zealand? appeared first on Gold Survival Guide.

Read More…

Central Bank: “If The Entire System Collapses, Gold Will Be Needed To Start Over”

Thu, 17 Oct 2019 11:12 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 $2265 Buying Back 1kg NZ Silver 999 Purity $851 NZD Gold Consolidation Continues Gold priced in New Zealand dollars continues its consolidation above the previous all time high. See the red and […]

The post Central Bank: “If The Entire System Collapses, Gold Will Be Needed To Start Over” appeared first on Gold Survival Guide.

Read More…

Why Sleeping Beauty Should Own Some Gold or Silver

Tue, 15 Oct 2019 9:23 PM NZST

WHY SLEEPING BEAUTY SHOULD OWN SOME GOLD OR SILVERImagine this. You’re going to fall asleep and not wake up for 10 years. Something like in the style of sleeping beauty. However with one difference. You know it’s going to happen at some point in the not too distant future. You just don’t know exactly when. Now. Here’s a question to ponder. If you […]

The post Why Sleeping Beauty Should Own Some Gold or Silver appeared first on Gold Survival Guide.

Read More…

Are the Federal Reserve’s “Temporary” Money Injections Becoming Permanent?

Thu, 10 Oct 2019 1:11 PM NZST

Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $2295 Buying Back 1kg NZ Silver 999 Purity $860 NZD Gold Holding At the 50 Day Moving Average After bouncing back to again touch the previous high from 2011, gold in NZ […]

The post Are the Federal Reserve’s “Temporary” Money Injections Becoming Permanent? 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: 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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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.
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