The Dangers of Paper Gold and Abdicating Management of Your Wealth

The-Dangers-of-Paper-Gold-and-Abdicating-Management-of-Your-Wealth

Prices and Charts

Change from last weeks gold and silver prices

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Buying Back 1oz NZ Gold 9999 Purity $1896
Buying Back 1kg NZ Silver 999 Purity $684

Gold in NZ Dollars Hits Pulls Back After New 6 Year Record High

After setting a new 6 year high last week, gold in New Zealand dollars has pulled back this week.

But it’s still sitting above $1960 today.

With the NZ dollar so oversold (see chart further down the page), we could see that bounce higher. If so then the local gold price could pull back further yet too. Maybe to the 50 day MA at $1920?

NZ Dollar Gold Chart

Silver Stagnating

Silver fell about twice as far as gold did this week. NZD silver is now back at the bottom of the consolidation range it has traded in since early March. So there is now real clear direction for silver. As we keep saying we will need to see a solid breakout by gold for silver to follow.

NZ Dollar Silver Chart

NZ Dollar Lower Again

Meanwhile the NZ dollar continues on its downward trajectory. Setting a new low today at 0.6500. As noted already the Kiwi is very oversold, so a bounce higher from here would not surprise.

However further lows still seem likely in the longer term. 0.64 is the next line of support to watch for.

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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How Does War Affect the Gold and Silver Price?

Tensions have escalated recently between the USA and Iran.

Various incidents have taken place after Trump decided to try to cut off Iran’s oil exports in a bid to get Tehran back to the negotiating table over its suspected nuclear weapons programme.

Trump this week warned “Iran would be met with “great force” if it attacked U.S. interests in the Middle East”.

While the BBC reports“All of the ingredients for a confrontation are there: a lack of clarity in the US approach; the potential desire by Iran to push matters to the brink; and a series of incidents in the region itself (the recent sabotage against a small number of oil tankers and the rocket attack near the US compound in Baghdad) which demonstrate that there are elements on the ground eager to inflame tensions and test the US administration’s resolve.”

As always with these skirmishes it’s very difficult to tell bluster and bombast from true intentions.

But interestingly a Reuters poll shows that half of all Americans believe that the United States will go to war with Iran “within the next few years”.

Who knows what is going on behind the scenes? But nonetheless there is certainly more tension in the region than there has been for some time.

So it’s worth considering what impact would such a war have on the gold price? Is it as simple as war causes gold prices to rise?

We’ve done a bit of research into this topic. Check it out below.

How Does War Affect the Gold and Silver Price?

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Reminder: The Dangers of Paper Gold and Abdicating Management of Your Wealth

In the news this week, a reminder of the dangers of trusting someone else to manage your wealth. And also why you shouldn’t confuse “Investing” and “Wealth Protection”.

Businessman on trial over $10 million taken from investors

“Steven Robertson allegedly took $10 million from investors in his share and gold trading companies, but instead he spent the money on himself and his business expenses.

Robertson, 46, has pleaded not guilty to 47 charges laid by the Financial Markets Authority in the High Court in Auckland.

…Robertson, who owned PTT Limited (Prosper Through Trading), allegedly promised 22 investors big returns on investments made in share gold and commodities, but instead used their money to buy , jewellery, cars, dining out and renovations, as well as paying his mortgage and business expenses the court heard on Monday.”

Source.

Confusing Investing with Wealth Protection – The Risks of Paper Gold vs Physical Gold

If you’re after a quick buck, then best take your chances with the “traders”.

But if you want wealth protection then you’ve come to the right place. Get in touch with any questions you have:

  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:

Confusing Investing with Wealth Protection – The Risks of Paper Gold vs Physical Gold

Wed, 22 May 2019 1:15 PM NZST

You’ve likely heard of reports in the past of problems with missing investor money at an Auckland bullion dealing and trading company. We’ve previously had the odd question from readers about the situation. We don’t know any more about it than anyone who has read the newspaper articles such as those below. We’ve had nothing […]

The post Confusing Investing with Wealth Protection – The Risks of Paper Gold vs Physical Goldappeared first on Gold Survival Guide.

Read More…

How Does War Affect the Gold and Silver Price?

Tue, 21 May 2019 4:01 PM NZST

How might a war with Iran or even North Korea affect the gold and silver price? See what can be learnt from past wars and how they impacted precious metals prices… War and Gold and Silver Prices Rattle. Rattle. That is the sound of sabres being well and truly shaken in Washington and Tehran in […]

The post How Does War Affect the Gold and Silver Price? appeared first on Gold Survival Guide.

Read More…

Gold in NZ Dollars Hits New 6 Year Record High

Sat, 18 May 2019 7:39 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  $1896 Buying Back 1kg NZ Silver 999 Purity $684 Gold in NZ Dollars Hits New 6 Year Record High Gold in NZ Dollars this week hit a new 6 year high above […]

The post Gold in NZ Dollars Hits New 6 Year Record High appeared first on Gold Survival Guide.

Read More…

What is the Gold Silver Ratio? Why is the Gold Silver Ratio at New Highs?

Tue, 14 May 2019 2:19 PM NZST

What is the Gold Silver Ratio_ Why is the Gold Silver Ratio at New HighsWhat is the gold silver ratio? Why is the gold silver ratio at new highs? In this post you’ll learn: What is the Gold Silver Ratio? How is the Gold to Silver Ratio Used? What is the Ratio Telling Us Now? Why is the Gold to Silver Ratio at New Highs? What to Do Now? […]

The post What is the Gold Silver Ratio? Why is the Gold Silver Ratio at New Highs? 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
$2031
1kg NZ 99.9% pure silver bar 
1 Kilo NZ Silver Bar
$780 (price is per kilo for orders of 1-24 kgs)

$775 (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
$2061
1kg PAMP 99.9% pure silver bar

$830

1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$2102    (or $2062 for 10 or more Backdated Year Coins)
1oz Canadian Silver Maple 99.99% pure silver coin
(Minimum order size tube of 25 coins)

Silver Monster Box
Tube of 25 $718
Box of 500 $13,585 (2019’s)
$13,529 (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.
Copyright © 2019 Gold Survival Guide.
All Rights Reserved.

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  1. Pingback: A Lower NZ Dollar Isn’t All It’s Cracked Up to Be - Gold Survival Guide

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