Three Wise Men Buying Gold

This Week:

  • Trump and the Gold Standard: What’s His Aim With Trade Wars? – Could We Return to a Gold Standard?
  • RBNZ on Central Bank Digital Currency and Negative Interest Rates
  • Everything is Awesome! But Will Gold Rise After the Latest Fed Rate Hike?
  • 3 Wise Men Buying Gold

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 $1777
Buying Back 1kg NZ Silver 999 Purity $721

Gold Holding Above the 200 Day MA

NZD gold continues to hold above the 200 day moving average. During the week it got up above $1875 but pulled back sharply again.

The chart below shows 2 quite different stories whether gold is priced in NZ Dollars (top) or US dollars (bottom).

In NZ Dollars gold is above the 200 day moving average. While in US dollars gold remains below this line.

NZD Gold is also well above the uptrend line. But USD gold has just dipped below its shorter term uptrend line. USD gold did this in mid and late 2017 also. So the uptrend line may yet just get adjusted as it did on those 2 previous occasions. But USD gold is still above the uptrend line from 2016.

Right now if you’re buying here in New Zealand, the price is sitting just above what has been the support line all year (the 200 day MA). So we are still in a very good buy zone for gold.

NZ Dollar Gold Chart

NZD Silver Breakout or Fake Out?

Last week silver in NZ Dollars broke clearly above the downtrend line dating back to mid 2016. However silver didn’t stay there long, dropping sharply and now back at the moving average lines again.

So the crystal ball is pretty murky in terms of whether this is a true breakout or merely a fake out, where we now see silver move back towards the uptrend line.

Like gold, it is a tale of 2 charts. In NZ dollars silver is just below the downtrend line. While in US dollars silver is just above the uptrend line.

NZ Dollar Silver Chart

Kiwi Dollar Close to a Move Higher?

The New Zealand dollar has continued pulling back all week. But now with it close to oversold the dollar is likely ready for a move higher. Odds favour the Kiwi holding above 0.68.

NZ Dollar Chart

Unsure About Any Terms We Use When Discussing 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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Everything is Awesome! But Will Gold Rise After the Latest Fed Rate Hike?

No real surprise but the US central bank raised interest rates again last week. As noted already gold took a tumble a day after this.

But where is gold likely to go over the coming weeks and months?

We take a look at all the good news and contemplate how gold will perform in a good news but also a bad news environment.

Everything is Awesome! But Will Gold Rise After the Latest Fed Rate Hike?

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RBNZ Report on Issuing Central Bank Digital Currency and Negative Interest Rates

Last month we reported how the Reserve Bank of New Zealand (RBNZ) is Prepared to Print Money and Implement Negative Interest Rates in a Crisis. 

The RBNZ now has a new bulletin out looking at the pros and cons of issuing a central bank digital currency.

There are clear warning signs of where all central banks are heading.

The IMF even recently issued a report saying that crypto assets may one day reduce demand for central bank money. The IMF study was written after an IMF staff discussion that details that cryptocurrencies could someday lower the demand for fiat currencies by creating a shift from “credit money to commodity money.”

We have a run down of the RBNZ article and do a little reading between the lines at what might be implemented down the track. Check out the possible moves the NZ central bank may take.

RBNZ on Central Bank Digital Currency and Negative Interest Rates

RBNZ on Central Bank Digital Currency and Negative Interest Rates

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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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Trump and the Gold Standard: What’s His Aim With Trade Wars? – Could We Return to a Gold Standard?

Trump is confounding. Who knows what will happen one day to the next. The media loves to hate him. Parodying his “Space Force” announcement yesterday. And of course if some kind of historic peace agreement is reached with North Korea he’ll undoubtedly get no where near the accolades that Obama would have.

But what is Trump up to exactly with his current trade war with, well, just about everyone it seems?

We try to read the tea leaves and see what he might be up to. Could he unwittingly or by grand plan be sending us back to a gold standard?

Trump and the Gold Standard: What’s His Aim With Trade Wars? – Could We Return to a Gold Standard?

Three Wise Men Buying Gold

News this week that 3 titans in the investing world have been adding to their goldholdings:

John Paulson. He knows a thing or two about spotting a crisis. He made his investors $15 billion as the subprime housing crisis unfolded in 2008–2009. And if another crisis comes, he’ll make a lot more money with his current positioning.

Seth Klarman. He’s the author of Margin of Safety, a book packed with such good information that people pay thousands of dollars for it (if you can even find a copy). No one is better at spotting value than he is.

Ray Dalio. He’s the founder of the world’s largest hedge fund, Bridgewater Associates. The fund has made $50 billion for its investors—more money than any other hedge fund.”

…Paulson has 11% of his fund invested in SPDR Gold Shares (GLD), which tracks the price of gold. He has about another 8% of his fund in gold mining companies.

Dalio’s fund now holds 7% of its assets in gold and other mining stocks. That’s up from 2% during this time last year.

Klarman has the smallest portion of his portfolio in gold and gold miners. But he’s actively adding to his gold holdings.

Source.

As we covered in Everything is Awesome! But Will Gold Rise After the Latest Fed Rate Hike?, while everything seems to be awesome is just the time to be taking out or adding to your financial insurance.

It seems these 3 wise men are doing just that. If you think it makes sense to follow their lead then get in touch.

A reminder we have a new updated “Shop” page.

So head over and see all the new products available today.

  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:

Everything is Awesome! But Will Gold Rise After the Latest Fed Rate Hike?

Wed, 20 Jun 2018 2:09 PM NZST

Last week the US Central Bank again raised interest rates. This is in response to the US economy being so strong. Will gold rise after the latest Fed rate hike and surprise everyone again?   Gold and Previous Fed Rate Hikes The chart below shows that goldhas risen straight after each of previous US […]

The post Everything is Awesome! But Will Gold Rise After the Latest Fed Rate Hike?appeared first on Gold Survival Guide.

Read More…

RBNZ on Central Bank Digital Currency and Negative Interest Rates

Tue, 19 Jun 2018 8:22 PM NZST

RBNZ on Central Bank Digital Currencies and Negative Interest RatesThe RBNZ today released another article on digital currencies, this time looking at the pros and cons of a central bank issuing a digital currency. The article focuses on how a public digital currency might affect four key central bank functions: Currency distribution Payments Monetary stability Financial stability The article makes 6 assumptions in looking […]

The post RBNZ on Central Bank Digital Currency and Negative Interest Rates appeared first on Gold Survival Guide.

Read More…

Trump and the Gold Standard: What’s His Aim With Trade Wars? – Could We Return to a Gold Standard?

Tue, 19 Jun 2018 3:18 PM NZST

trump-tradewars-gold-standardWhat is Trump’s aim in the tariffs and duties he is imposing? Is there a method to what seems like his madness? Could he (unwittingly or otherwise?) be sowing the seeds for a return to the gold standard?   Last week the US announced a list of $50 billion in Chinese goods to target with […]

The post Trump and the Gold Standard: What’s His Aim With Trade Wars? – Could We Return to a Gold Standard? appeared first on Gold Survival Guide.

Read More…

Does Record Low Gold Volatility and Sentiment Mean Time to Buy?

Wed, 13 Jun 2018 12:17 PM NZST

Does Record Low Gold Volatility and Sentiment Mean Time to Buy_Gold volatility and silver volatility are at record lows. See what demand for gold and silver is like around the world and also in New Zealand. Gold is boring – does this mean it’s time to buy?   Silver volatility is the lowest it has been since 2001. Source. But volatility in goldis even […]

The post Does Record Low Gold Volatility and Sentiment Mean Time to Buy? 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
$1918
1kg NZ 99.9% pure silver bar 
1 Kilo NZ Silver Bar
$830 (price is per kilo for orders of 1-24 kgs)
$822 (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
$1946
1kg PAMP 99.9% pure silver bar
PAMP Silver
$890
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$1984    (or $1964 for 5 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 $735
Box of 500 $14,300 (2018’s)
(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 Bitcoin, Bitcoin Cash, 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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