Twitter’s Jack Dorsey: ‘Hyperinflation is going to change everything. It’s happening.

Twitter’s Jack Dorsey: ‘Hyperinflation is going to change everything. It’s happening.

Prices and Charts

Change from last weeks gold and silver prices

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Buying Back 1oz NZ Gold 9999 Purity $2413
Buying Back 1kg NZ Silver 999 Purity $1051

NZD Gold Bounces Back

Gold in New Zealand dollars was up 1.22% this past 7 days. It bounced up off the horizontal support line at $2450 and managed to get up to the 50 and 200 day moving averages (MA). But has pulled back a bit today. It is looking good for the bottom to be in at $2450. But there may be a bit more choppy up and down action before we can see gold break above the downtrend line dating back to June.

NZ Dollar Gold Chart


NZD Silver Outperforming Gold Again – Up 2%

Meanwhile silver continues to outperform gold. In New Zealand dollars  silver was up almost 2% from 7 days ago. It did reach the overhead resistance line around $35. But as we suspected, it didn’t manage to break through that level on the first attempt. We could see a return to the 50 day MA or even around $33 now. But overall we’d say it is looking good for a bottom to be in for silver at the $31 mark and November low.

NZ Dollar Silver Chart


NZD Barely Changed

The New Zealand dollar is up just 11 basis points from a week ago. Having pulled back after touching oversold on the RSI indicator (blue circle), we will now see if it can hold above the 200 day moving average. Could go either way from here as it remains in the middle of the large sideways trading range.

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

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Twitter’s Jack Dorsey: ‘Hyperinflation is going to change everything. It’s happening.’

The founder and CEO of Twitter, Jack Dorsey had a rather cryptic tweet over the past weekend:

‘Hyperinflation is going to change everything. It’s happening.’

That was all he said with no further details or clarification. So what did he mean?

James Altucher highlighted all the data that the digital payment company Square – owned by Twitter – has access to. So Dorsey has a huge swath of information on what prices are doing in real time.

Dan Denning in the Rum Rebellion had some good points:

“Dorsey knows that investors, savers, and retirees have been told a big lie. The big lie is that money printing, deficit spending, and bigger debts produce wealth. They don’t. They produce bigger debts and higher prices. Hence the warning about hyperinflation.


Is this how it begins, the normalising of outrageous prices, shortages, and scarcity?

…It’s almost impossible for most mainstream economists and media personalities to imagine prices for food, fuel, and imported goods spiraling out of control. In the US, the dollar is the world’s reserve currency. For hyperinflation to really take hold in the US, foreign investors would have to dump the dollar. There’s no way that’s going to happen, right?

We’ll see. Australia will be unsettled by any chaos in the US. A US dollar crisis can’t happen without there being a debt crisis. There’s nearly US$300 trillion in global debt, according to the Institute of International Finance. A debt crisis that became a dollar crisis would include crashing financial asset prices, a major ‘readjustment’ in the dollar’s value versus other currencies (and real assets), much higher interest rates, and soaring prices.

Is that what Jack Dorsey means? Is he looking at higher prices for rent, beef, and energy and seeing the leading edge of a process that’s now all but inevitable? A process that results in a financial crash, a currency crash, and a great reset of the world’s money system?”

Here’s a post from earlier that year that might be of interest in light of these latest comments:

How Would Hyperinflation in the USA Affect New Zealand?

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Dan Denning finishes the same article with another point that is also very timely here in New Zealand with the latest government orders just passed:

“…the big lie continues to pour out of the mouths of certain Australian politicians. The idea that your freedom depends on someone else’s permission is a perversion. It’s a perversion of the traditional relationship between you and your government. And a perversion of the relationship between language and truth.


There is no such thing as ‘fully-vaccinated freedoms’. The freedoms of speech, of the press, of the right of assembly, of religion, and to petition your government for grievances aren’t conditional on your vaccination status.

If Australians accept this moral and rhetorical sleight of hand, then you won’t have any freedom at all. What you’re allowed to do, indeed your very participation in civil society, will depend on submitting and obeying the public health order of the day or suffering the consequences for your refusal.

Don’t let it happen. Ever again. Enough is enough.”

But here’s our guess as to what happens next. We are being sold the line that if almost everyone is jabbed everything will return to normal. However, overseas results from the likes of Israel are showing that the mRNA therapy effectiveness seems to dwindle quite fast. So then you will require another “booster” in order to keep your limited freedoms. Will this be required with every new variant? Where does that end? Could the vaccines actually be helping to speed up the mutation of the virus?


What Percentage of Gold and Silver Should Be in My Portfolio?

Gold and silver can offer protection from high or even potential hyperinflation that Jack Dorsey is warning about. But how much gold do you need to own? This is a common question for people. So this week’s feature article provides some guidelines to direct your thinking.

This article covers:

  • 7 Personal Factors That Determine How Much Gold is Enough
  • What Percentage of Gold Should Be in My Portfolio?
  • How Gold is a Non-Correlated Asset
  • How Holding Gold Can Reduce Losses in Financial Crises
  • 2 Other Factors to Consider When Deciding How Much Gold You Should Own

What Percentage of Gold and Silver Should Be in My Portfolio?

So far our guess from last week that the bottoms are finally in for gold and silver looks to be holding up. With both metals bouncing higher. So if we are in fact at the beginning of the next move up in precious metals, then it remains a good time to be adding to your positions.

Local refinery operations continue under Level 3. But dispatches to Auckland addresses and collections have been suspended as goods cannot be inspected, counted or signed for by the customer.

Dispatches will stored and insured free of charge until it is safe again to dispatch them and signatures can be obtained. When we drop down a level, you will be advised when your order is ready to collect and to book in a collection time to ensure an adequate distance between customers.

Although, currently imported orders are continuing to be delivered via Fedex. So that is an option if you are looking to spend more than around NZ$10-15,000.

Please get in contact if you’d like a quote or have any questions:



  1. Email:
  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:

What Percentage of Gold and Silver Should Be in My Portfolio? [2021 Update]

Tue, 26 Oct 2021 10:05 PM NZST


Once you’ve decided to buy some gold or silver, a common question to then ask is: How much should I invest In precious metals? Or put another way, what percentage of gold (and silver) should be in my portfolio? Here’s what’s covered in this article: We’ve received a number of questions from our readers on […]

The post What Percentage of Gold and Silver Should Be in My Portfolio? [2021 Update] appeared first on Gold Survival Guide.

  Read More…

CPI Jumps to Highest Level Since 1987

Fri, 22 Oct 2021 9:46 AM NZST

Cpi jumps to highest level since 1987


Prices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $2383 Buying Back 1kg NZ Silver 999 Purity $1029 NZD Gold Plunges $67 Since Last Week Gold in New Zealand dollars was down $67 or 2.6% from 7 days ago. This fall […]

The post CPI Jumps to Highest Level Since 1987 appeared first on Gold Survival Guide.

  Read More…

GST on Gold and Silver Bullion: Might the NZ Government Start Adding GST to Gold and Silver Bullion?

Mon, 18 Oct 2021 4:16 PM NZST


No GST On Pure Gold and Silver Bullion Currently in New Zealand there is no GST on fine (pure) gold and silver bullion. This includes gold and silver ingots, bars and coins. The IRD website defines what “fine” means, in terms of the specific purities for each of the 3 precious metals: Fine metal is […]

The post GST on Gold and Silver Bullion: Might the NZ Government Start Adding GST to Gold and Silver Bullion? appeared first on Gold Survival Guide.

  Read More…

RBNZ Raises Rates and NZ Dollar Falls?

Wed, 13 Oct 2021 9:27 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 $2444 Buying Back 1kg NZ Silver 999 Purity $1012 Gold Continues the Sideways Consolidation After the Late September Bounce Gold in New Zealand dollars was up just $9 this week. This move […]

The post RBNZ Raises Rates and NZ Dollar Falls? 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:
  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
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1kg “Scottsdale Gold” Bar 99.99% with unique serial number

1 oz Gold PAMP Suisse Lady Fortuna Minted Bar with Certificate
1oz Pamp gold bar
$2,714 (in stock)
1oz Canadian Gold Maple 99.99% pure gold coin (2020)
Gold Maple
$2,700 (in stock)
1 oz RCM Silver Maple Coin
(Minimum order size tube of 25 coins)

  Silver Monster Box
Tube of 25: $1,070 (pick up) (in stock)
Box of 500:


$21,322 (Pre-order)

(Fully insured and delivered)

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  • 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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Have a golden week!

David (and Glenn)
Ph: 0800 888 465
From outside NZ: +64 9 281 3898

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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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