Weather, Inflation and a Wage/Price Spiral

Weather, inflation and a wage/price spiral

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 $2843
Buying Back 1kg NZ Silver 999 Purity $1046

NZD Gold Still Holding Above the 50 Day Moving Average

Gold in New Zealand dollars is up $8 from last week. It continues to hold above the 50 day MA. With the RSI in neutral territory near 50, NZD gold is somewhat directionless here. If it heads lower still, then the buy zones to watch for are $2883 or the uptrend line around $2850.

USD gold is a bit of a different story though. It has just edged up from touching oversold. It could still head a little lower down to the 200 day MA ($1782), but USD gold looks to be getting close to putting in a bottom.

NZ Dollar Gold Chart


NZD Silver Close to Oversold

Silver in New Zealand dollars is down close to 4% from 7 days ago. The RSI overbought/oversold indicator is not far above 30 (below 30 is oversold). So silver may be trying to bottom out around the 200 day moving average upon which silver currently sits. Can NZD silver make a higher low here and then move up to the downtrend line again?

Meanwhile USD silver also sits on the 200 day MA. Although it has now just moved up from oversold on the RSI. So it too looks to be close to bottoming out around these levels.

NZ Dollar Silver Chart


NZ Dollar Back Just Under the 200 Day MA

The New Zealand dollar is down 31 basis points from last week. Sitting just below the 200 day MA at 0.6180. In the longer run this year the uptrend in the Kiwi looks like to continue.

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





Long Life Emergency Food – Back in Stock


90 serve organic emergency food

These easy to carry and store buckets mean you won’t have to worry about the shelves being bare…

Free Shipping NZ Wide*

Get Peace of Mind For Your Family NOW….


Measuring NZ House Prices in Silver

In last week’s newsletter we shared why we like to value property in gold ounces rather than purely in dollars terms. 

But you might also be interested to see property in silver ounces. So this week we have crunched the numbers on silver. This week’s feature article covers:

  • What is the Housing to Silver Ratio?
  • How Have NZ House Prices Varied Over the Past 50 Years When Priced in Silver?
  • NZ Housing to Silver Ratio Bottomed in 1980 at 1000 ozs
  • The Ratio Peaked in 2003-2005 at Almost 30,000 ozs
  • How Many Ounces of Silver to Buy the Average NZ House Today?
  • How Does the Housing to Silver Ratio in New Zealand Compare to the USA?
  • Here’s How to Buy a Median Priced House in NZ Freehold, for Only $44,815…
  • Is the 1970’s Repeating?

NZ Housing to Silver Ratio 1968 – Jan 2023 – Measuring NZ House Prices in Silver

Gold Survival Guide Android App


Download on Google Play


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.

Win a silver coin

Weather, Inflation and a Wage/Price Spiral

The Cyclone and various flooding events around the North Island of New Zealand are likely to cause the cost of living to increase even further.

Here’s a couple of items we’ve seen on this topic:

An economist says New Zealand will likely see inflation rise over the coming years as communities rebuild from the destruction caused by Cyclone Gabrielle. The cost of damage following the cyclone is estimated to be around $13 billion, according to Finance Minister Grant Robertson.
Read more

Economist Brad Olsen warns Cyclone Gabrielle will be ‘inflationary event’
Read more

These economists state that insurance premiums are sure to rise along with the cost of various building supplies. Plus, much like the Christchurch earthquakes, rents may also rise. On top of this food prices will also rise as the breadbasket that was Hawkes Bay has been badly impacted.

And they talk about all of these things will cause inflation to remain high for longer than previously expected.

But as usual the mainstream just blames inflation on everything but the largest factor, that of currency supply growth!

So even without the cyclone there is likely enough fuel in the system to create a wage/price spiral.

That is where wages are raised to make up for price rises. But prices continue to rise, so wages are put up higher. So we get a vicious circle happening.

The US is even seeing proposals such as this one from New York Governor Kathy Hochul:

“I’ve proposed a plan to peg the minimum wage to inflation — if costs go up, so will wages. “

But this excellent long form tweet from “Paulo Macro” explains what such a peg would cause:

“We could see [interest] rates at 10% and wages still going up. And what’s worse is wage increases, while crazy, are still negative real, so govts will want to step in and “help” with stimmies and garbage disaster ideas like [the one above from Governor Kathy Hochul.]

You know who’s really good at “indexation” like the above example (price controls where every price is linked to CPI)? Places in LatAm. Like Argentina. This is INFLATION INERTIA: a feature of inflationary regimes everywhere after they allow the genie to get out of the bottle.

Add to this an extremely polarized and dysfunctional political environment where politicians aren’t concerned about the country but instead in winning the next election at any cost (“we can fix it later”). This increases the risk of policy mistakes exponentially.

This is why inflation will keep coming and going in waves. The Fed ultimately cannot fix this problem. Their ZIRP short-circuited the natural market reaction to the fiscal profligacy which the Fed had enabled – but the fiscal profligacy is now bipartisan.

And if you look around at Congress there is no end in sight. Trump took deficits to extremes after 16 years of growing fiscal gaps. There is nobody to stand for fiscal rectitude anymore. The connection between the taxpayer and the national debt is completely untethered…

…and so govts will just run the tab until the bond markets fully crowd out private investment.

And while this is happening, the peasants will feel flush, all while they gradually get poorer as their money buys less.

Inflationary recessions create monetary illusions.

Parting thought: the Fed’s primary motivation is to avoid embarrassment- they only pivoted hawk in Dec21 when inflation was the #1 Gallup issue and politicians were calling. Now gas is sub $4 and nobody complains about inflation, so the Fed can slow-walk it.

This suggests to me a window where the economy is screaming and the Fed falls behind the curve.

Inflation related trades should scream.”


Gold and silver have held up fairly well over the past year, but they are far from “screaming”. So perhaps they are some of the “Inflation trades” that the writer is referring to?

Have you got enough protection from a wage/price spiral?

Get a quote on gold or silver products:

  1. Email:
  2. Phone: 0800 888 GOLD ( 0800 888 465 ) (or +64 9 2813898)
  3. or Shop Online with indicative pricing

— Prepared for the unexpected? —

Never worry about safe drinking water for you or your family again…


Big Berkey

  The Berkey Gravity Water Filter has been tried and tested in the harshest conditions. Time and again proven to be effective in providing safe drinking water all over the globe.


This filter will provide you and your family with over 22,700 litres of safe drinking water. It’s simple, lightweight, easy to use, and very cost effective.

Shop the Range…




This Weeks Articles:

NZ Housing to Silver Ratio 1968 – Jan 2023 – Measuring NZ House Prices in Silver

Wed, 1 Mar 2023 11:24 AM NZST


The housing to silver ratio shows that when priced in silver, New Zealand median house prices have fallen almost 29% since 2003. But you’ll also see how history shows you could potentially buy a median priced house in New Zealand for only $44,815… You may have read our article on the NZ housing to gold […]

The post NZ Housing to Silver Ratio 1968 – Jan 2023 – Measuring NZ House Prices in Silver appeared first on Gold Survival Guide.

  Read More…

Property Markets and Borrowers Under Stress in Many Countries

Wed, 22 Feb 2023 9:39 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 $2839 Buying Back 1kg NZ Silver 999 Purity $1087 NZD Gold Bouncing Up Off 50 Day Moving Average Line Gold in New Zealand dollars was up $26 or almost 1% from […]

The post Property Markets and Borrowers Under Stress in Many Countries appeared first on Gold Survival Guide.

  Read More…

NZ Housing to Gold Ratio 1962 – Jan 2023: Measuring House Prices in Gold‎

Tue, 21 Feb 2023 4:15 PM NZST


The housing to gold ratio shows that when priced in gold, New Zealand median house prices have fallen 46% since 2005. See how history shows New Zealand house prices could fall 80% further yet… There’s always plenty of discussion in the mainstream media about where house prices are going. Given New Zealanders predilection for property […]

The post NZ Housing to Gold Ratio 1962 – Jan 2023: Measuring House Prices in Gold‎ appeared first on Gold Survival Guide.

  Read More…

What Percentage of Gold and Silver Should Be in My Portfolio? [2023 Update]

Wed, 15 Feb 2023 10:05 AM 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? [2023 Update] 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
$3,066.50 (dispatched in 7 days)
Order Now Button
1kg “Scottsdale Gold” Bar 99.99% with unique serial number

1oz ABC Bullion Gold Minted Bar
1oz ABC gold bar
$3,112.30  (Not on website – email to order)
1oz Canadian Gold Maple 99.99% pure gold coin (2022)
Gold Maple
$3,173.00 (dispatched in 7 days)
1 oz RCM Silver Maple Coin

  Silver Monster Box
Tube of 25: $1,152.25 (pick up price – dispatched in 4 weeks)

Box of 500 coins (dispatched in 4 weeks):
2022 coins: $23,020.07

Backdated coins: $20,787.31
Including shipping/insurance (4 weeks delivery)

Order Now Button



  • 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


Order Now Button

Can’t Get Enough of Gold Survival Guide?
If once a week isn’t enough sign up to get daily price alerts every weekday around 9am Click here for more info

We look forward to hearing from you soon.


Have a golden week!

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

Follow us on Twitter Find us on Facebook  

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 © 2022 Gold Survival Guide.
All Rights Reserved.

1 thoughts on “Weather, Inflation and a Wage/Price Spiral

  1. Pingback: What Will the Long Term Impacts of SVB and Signature Bank Bailouts Be? - Gold Survival Guide

Leave a Reply

Your email address will not be published. Required fields are marked *