The Correction is Here

Prices and Charts

Change from last weeks gold and silver prices

Looking to sell your gold and silver? Visit this page for more information
Buying Back 1oz NZ Gold 9999 Purity $2224
Buying Back 1kg NZ Silver 999 Purity $859

The Correction is Here

The long awaited correction in precious metals has finally arrived. NZD gold is down 5% on a week ago. Today the price is hovering near the old all time high above $2300. The big question now is how low will it go? We could see the price dip lower to $2250. This is where the 50 day moving average and the rising trendline coincide. But the RSI overbought/oversold indicator has now moved right back down below 50 to neutral territory. So there are no guarantees the price will fall much lower. We could instead see a period of consolidation around these levels. More on that in this weeks feature article below… NZ Dollar Gold Chart

Silver Fell Harder Than Gold

Meanwhile NZD silver is down almost 8% since last week! Perhaps not a big surprise after rising so quickly in August. Silver too is taunting us with the same question now. Will it drop any further? Silver appears to be trying to get a toe hold around the $28 level. It too is down into neutral territory already on the RSI. It really is anyone’s guess where to from here. But we offer a word of caution to be careful about trying to pick the bottom of this correction. It is a common mistake to get stuck on the sidelines wondering if the metals will go any lower. NZ Dollar Silver Chart

NZ Dollar Bounced as Expected

This week we’ve also had the NZ dollar strengthening. Continuing the recent unusual trend of moving at odds with the gold and silver price. The simultaneously falling dollar had amplified the recent gains in gold and silver. But this week the rising Kiwi has amplified the losses. However it looks to us as though the NZ Dollar might struggle to get too much higher from here. 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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The Anatomy of a (New) Gold Bull Market: Prices Rises. Sharp Correction. Bigger Rise to Come?

This week we dig into this new bull market in precious metals. We look at:
  • Why This Correction May Only be a Brief One
  • How Most Have Yet to Accept That a New Precious Metals Bull Market is Underway
  • How Very Few Are “Buying the Dip” and What This Means
  • Why the Next Wave Up Could Be Even Bigger
  • What Could Drive the Gold Bull Market Even Higher?
  • What to Do if You’re Sitting and Waiting to Buy?

The Anatomy of a (New) Gold Bull Market: Prices Rises. Sharp Correction. Bigger Rise to Come?

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Should I Buy Gold or Silver in 2019? 7 Factors to Consider in Gold vs Silver

This is perhaps one of the most commonly asked questions we get: “Should I buy gold or silver?” Of course in the end it comes down to personal preference what you do. However, here are 7 things we think you should take into consideration when making your decision:
  1. Crisis Hedge
  2. Volatility
  3. Affordability
  4. Mark Ups or Margins Over Spot Price
  5. Storage
  6. Ability to be Borrowed Against
  7. Potential Upside

Should I Buy Gold or Silver in 2019? 7 Factors to Consider in Gold vs Silver

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.
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Do you need any further queries answered? Give us a call. 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:

The Anatomy of a (New) Gold Bull Market: Prices Rises. Short Correction. Bigger Rise to Come?

Wed, 11 Sep 2019 12:22 PM NZST
There can now be little doubt. A new secular bull market in gold is underway. A bull market refers to a market where the price is rising. As opposed to a bear market where the price falls. In NZ Dollars gold has quietly been in a bull market since 2014. Even in US Dollars gold […] The post The Anatomy of a (New) Gold Bull Market: Prices Rises. Short Correction. Bigger Rise to Come? appeared first on Gold Survival Guide.
Read More…

Should I Buy Gold or Silver in 2019? 7 Factors to Consider in Gold vs Silver

Mon, 9 Sep 2019 12:35 AM NZST
Should I Buy Gold or Silver_ 7 Factors to ConsiderAfter you’ve decided to buy precious metals, the question now on your mind is “Should I buy gold or silver?” Which metal is a better choice for you? Many of the reasons to buy gold or reasons to buy silver are very much the same. However there are also some significant differences between gold and silver. In this article […] The post Should I Buy Gold or Silver in 2019? 7 Factors to Consider in Gold vs Silver appeared first on Gold Survival Guide.
Read More…

Silver is Flying

Thu, 5 Sep 2019 9:04 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 $2347 Buying Back 1kg NZ Silver 999 Purity $928 NZD Gold Another New All Time High NZD gold edged up to a new another new all time high this week. It looks […] The post Silver is Flying appeared first on Gold Survival Guide.
Read More…

Why New Zealand Won’t Have Any Say in a Global Currency Reset

Tue, 3 Sep 2019 8:27 PM NZST
We’ve spilled plenty of digital ink in these pages discussing the possibility or maybe we should say the inevitability of a change in the global monetary system. Perhaps in the form of a currency reset. Here’s more on how that might play out. If the US Dollar Was Again Linked to Gold, How Would This […] The post Why New Zealand Won’t Have Any Say in a Global Currency Reset 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


7 Reasons to Buy Gold & Silver via GoldSurvivalGuide Today’s Prices to Buy
1oz NZ 99.99% pure gold bar 1oz NZ Gold Ingot $2402
1kg NZ 99.9% pure silver bar 1 Kilo NZ Silver Bar $986 (price is per kilo for orders of 1-24 kgs)$981 (price is per kilo only for orders of 25 kgs or more)
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1oz PAMP Suisse 99.99% pure gold bar PAMP Lunar Goat Gold Bar $2436
1kg PAMP 99.9% pure silver bar PAMP Silver $1046
1oz Canadian Gold Maple 99.99% pure gold coin (2019) Gold Maple $2476
1oz Canadian Silver Maple 99.99% pure silver coin (Minimum order size tube of 25 coins) Silver Monster Box Tube of 25 $866 Box of 500 $16,608 (backdated other years) (Fully insured and delivered)
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Note:
  • 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
  • Plus we accept BTC, BCH, Visa and Mastercard
  • Note: For local gold and silver orders your funds are deposited into our suppliers bank account. We receive a finders fee direct from them. Pricing is as good or sometimes even better than if you went direct.
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We look forward to hearing from you soon. 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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