The Most Common Question When Buying Precious Metals

Prices and Charts

NZD Gold Back On Support Line

Gold priced in New Zealand dollars is back close to the support line at $2850 today. This is not shown on the chart below. As the price dropped sharply late in US trade today as Trump announced no new stimulus package until after the US elections. Share markets fell and precious metals followed.

So NZD gold is back around this support line yet again. Perhaps the odds still might favour a further fall yet? Maybe down to the next support zone? Or even as low as the 200 day moving average which is currently at $2715.

Consider buying some now and then averaging down if lower prices do eventuate.

Silver Down 4% on Last Week

Silver dropped down sharply into the low $35’s in late US trade today. Down over 4% from a week ago. We could yet see a further fall in silver too. There are multiple support lines to watch for as shown on the chart below. Like with gold averaging down may be a good move if a further fall is to come.

NZ Dollar Pretty Much Unchanged

The New Zealand dollar has been jumping up and down this week. However from a week ago it is pretty much unchanged. It’s looking like the possible break out above the downtrend line as indeed just a fake out.

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

The Most Common Question When Buying Precious Metals

We receive a lot of questions when people are first considering buying some precious metals.

But probably the most common one is should I buy gold or silver?

There is not a straightforward one-size-fits-all answer to this question. But this post gives you 7 factors to consider in deciding between gold and silver.

Spoiler alert….

Perhaps you don’t have to…

Should I Buy Gold or Silver in 2020? 7 Factors to Consider in Gold vs Silver

Apologies for the Broken Link Last Week

We had a few people email to say the link was broken in last week’s newsletter to our post on the NZ housing to gold ratio.

So here it is again today with the corrected link in it in case you had the same issue last week.

You’ll discover that when priced in gold, New Zealand median house prices have fallen 50% since 2005. You’ll also see how history shows New Zealand house prices could fall 79% further yet…

NZ Housing to Gold Ratio 1962 – 2020: Measuring House Prices in Gold‎

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 have any questions about the process of buying gold and silver please get in touch…

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

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

• 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.
  

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