Prices and Charts
NZD Gold Pulling Back from Recent All Time High
NZD gold has pulled back around 6% from last week. It briefly made a new all time high at $2900. But is now back below $2700.
We could see it dip down to the rising trendline at $2550 yet. That would be a 50% retracement of the run higher this year. But with what is going on there are no guarantees.
Silver – Outperforming Gold This Week
Silver has out-performed gold over the past week. It had plunged down to touch the long term uptrend line. Then bounced back sharply to recoup most of those losses. In the past few days silver has dipped lower again. Any further drops look like a buying opportunity.
Kiwi Dollar Bouncing Back
The NZ Dollar has bounced back almost 2% from a week ago. Having gotten as low as 0.55, it is now just under 0.60 again. It’s anyone’s guess whether that is as low as we go. But there is not much support before the 2009 lows just under 0.50.
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:
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Dow Gold Ratio: How Does Gold Compare to Shares For the Past 100 Years? Where to From Here?
Global sharemarkets have taken a real beating the past few weeks. So we thought it worthwhile checking in on the DOW/Gold ratio.
The chart of this measure of the US stock market in ounces of gold is very illuminating.
You’ll see that even with the recent plunge, it’s likely sharemarkets have a way to fall yet…
Update on Bullion in New Zealand Post Lock Down
Here’s an update of where things are at post lockdown in terms of gold and silver in New Zealand. Including what is available to purchase currently. Please get in touch with us if you’d like a quote.
Restrictions on NZ Bullion Refiners
Local bullion producers are unable to refine gold and silver. They also can’t dispatch any products out. So any orders received but not shipped out before the level 4 lockdown will remain with the local supplier. Rest assured they are securely stored and fully insured.
We continue to be able to trade online and by phone. Although there are limited products available. Due to the above restrictions and also to the high demand that preceded the lockdown, which cleared out the stocks of physical gold and silver worldwide. So there will be delays with any orders made as stated below.
Limited Stock Available
There are also many mints and refineries across the planet that have been closed due to COVID19. Further reducing stocks.
Our offshore suppliers have limited products available. However one continues to refine and has been officially declared a Critical Manufacturing Facility by the US Federal Government and essential to continue production based on their contracts and products. They are producing silver products that are directly being used for COVID-19 response in Italy.
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.
Local Gold and Silver Bars
We can lock prices in for local gold and silver bars. However there is a 12+ week delay on delivery due to the lock down and demand that needs to be fulfilled from pre-lockdown.
We have monster boxes of 2018 Fiji Pacific Dollar 1 oz Silver Coins. These are the only 1oz silver coins we have been able to find that aren’t in multiple month back order. 4-5 weeks to be delivered to New Zealand
- 999 Fine Silver
- Legal Tender in Fiji
- Maximum Mintage: 250,000
- Sealed in Tubes
- Diameter: 39mm
There is only a 5-10 day delay for gold products to be dispatched from our offshore supplier. So orders should be in New Zealand in 3-4 weeks. The only unknown currently is whether the likes of Fedex and UPS can deliver to your door. Or whether imported bullion will instead be held at their secure depots until level 4 restrictions are lifted.
The crazy rush has died down somewhat. So if you missed getting a quote in the previous week or 2, please get back to us now with what you’d like.
Let us know what you are after and how much you are looking to spend and we can recommend what products are available.
- Email: email@example.com
- Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
- or Shop Online with indicative pricing
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