What Do These Recent Large Purchases of Gold Around the Globe Signify?

What Do These Recent Large Purchases.

Prices and Charts

Change from last weeks gold and silver prices

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NZD Gold Up Half a Percent

Gold in New Zealand dollar is up just over half a percent from 7 days ago. During the week it got close to the July highs before dipping a little. But currently gold remains above both the 50 and 200 day moving averages. Now we are watching to see if gold can consolidate around the current $2600 levels, and then mount a move higher. NZ Dollar Gold Chart

NZD Silver Also Up Close to Half a Percent

Silver is up just slightly less than gold for the past 7 days. However over the past couple of days, silver has actually been outperforming gold for the first time since the flash crash. As silver often falls harder than gold in any corrections, this could be a sign that the worm has turned. But silver does have some catching up to do. As it needs to rise almost $2 per ounce to regain all of the plunge. So for now we’ll reserve judgement. NZ Dollar Silver Chart

NZ Dollar Bouncing Back After Setting a New Low for 2021

The New Zealand dollar set a new low for the year on Friday. Getting down to the bottom of the sideways trading range that we have had drawn into the chart for some months. But since then it has bounced back into the mid 0.69’s, to be up just under half a percent from a week ago. So this large sideways range continues. 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

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Trust is Diminishing While We Are Being Asked to Trust More

The last 18 months has seen a lot of “trust” being asked for. Trust the science. Trust the experts. Trust the government. But it seems to us, that for many people, trust in these institutions is actually diminishing. This has been evidenced by an uptick in questions we have received in recent weeks. Such as this one:
Would the government be able to confiscate gold I own in NZ for any reason? I bought gold through your company. Who else knows how much gold I own?
Bullion dealers are required to gather and collect proof of identity only when clients purchase $10,000 or more of bullion in cash. There is a requirement under the second hand dealers regulations when buying back to collect ID and addresses. This is in case of theft so police can track the perpetrators. Other than this there is no government requirement to collect or report any client purchase information. Of course the laws can change. So this week we give our thoughts on government confiscation of gold and silver. Here’s what you’ll discover:
  • Gold Confiscation: A (Very) Short History Lesson
  • So Where Does New Zealand Stand on Gold Confiscation?
  • The Difference Between Today and the US Confiscation of the 1930’s
  • What Else Might the G-Man Resort To?
  • What About Silver Confiscation?
  • Other Options to Hedge Against Gold Confiscation?
  • So, What are the Odds of a New Zealand Government Gold Confiscation?

Gold Confiscation | Could it Happen in New Zealand Today?

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What Do These Recent Significant Large Purchases of Gold Around the Globe Signify?

Palantir Buys Over $50 Million Of Gold Bars: “Preparing For A Future With More Black Swans” Software company Palantir bought over $50 million of gold bars. Founded by Paypal founder and now New Zealand citizen Peter Thiel, the company “wrote in a filing last week that it stockpiled $50.7 million in gold bars earlier this month.” Palantir have also previously said they would accept payment from clients in gold and digital currencies.
“…Shyam Sankar, the COO of Palantir, said accepting nontraditional forms of payment “reflects more of a worldview,” adding: “you have to be prepared for a future with more black swan events.”
Palantir’s 100-ounce gold bars are expected to be stored in an undisclosed vault in the US Northeast. “The company can take physical possession of the gold bars stored at the facility at any time with reasonable notice,” Palantir wrote.”
Palantir has a long history of serving U.S. military and intelligence agencies with data mining and data analysis software. So as Mike Krieger of Liberty Blitzkrieg tweeted, “When the spooks tell you a false flag is coming, a false flag is coming.” But Palantir is not alone in significant gold purchasing…

…Chinese Gold Demand Up 69.2% in First Half 2021:

SchiffGold reports that:
“Chinese gold demand rebounded sharply in the first half of 2021 after plummeting in 2020, according to data released by the China Gold Association (CGA). China ranks as the world’s number one gold consumer and the Chinese market has a significant impact on global demand. Demand was up 69.2%, coming in at just over 547 tons through the first 6 months of the year. China’s year-on-year gold consumption surged 93.9% in the first quarter alone. Gold demand wasn’t just up compared to 2020, a year of economic distress due to coronavirus. It was up 4.49% above pre-pandemic levels in 2019.”

…While Brazil Almost Doubled Its Gold Reserves in 3 Months:

“Brazil’s central bank purchased over 62 tons of gold in three months through July 2021, raising the nation’s reserves to nearly 130 tons. The estimated growth of physical holdings reportedly amounted to 92.4%.” Source.

…The Indian Central Bank Has Also Been Buying:

“RBI buys record gold this year: At 700 tonnes, reserves up 27% in 2 years The Reserve Bank of India (RBI) has increased its gold purchases, as part of its foreign exchange (forex) reserves. In the first half (H1) of calendar year 2021 (CY21), the addition of gold to India’s forex reserves has been the highest — on a half-yearly basis —at 29 tonnes. Now, the RBI’s gold holding — as a proportion of its forex reserves — has for the first time crossed 700 tonnes.” Source.

50 Year Anniversary of Fiat Dollar

The above gold purchases are simply signs of a further loss of trust in the global reserve currency. (There’s that word again!) Interestingly these headlines have all appeared around the time of the 50 year anniversary of the current version of the US dollar. August 15 marked 50 years since President Nixon severed the last link between the dollar and gold, giving the U.S. (and by extension the whole planet) a fiat currency. Source. A change in the monetary system is inevitable. When you have a software company who is heavily involved with the US government also diversifying into gold, it might be a good idea to make sure you have some diversification too. As we said last week, we can continue to take orders and lock in prices for gold and silver. However like last year, dispatch of orders will have to wait until the lockdown is lifted and normal courier deliveries resume. Currently imported orders are continuing to be delivered via Fedex. So get in contact if you’d like a quote:
  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:

Gold Confiscation | Could it Happen in New Zealand Today?

Tue, 24 Aug 2021 3:45 PM NZST
With Covid lockdowns and the government encroaching more and more into everyday life, both here and across the planet, we have more people getting concerned about the potential for gold confiscation. In various gold and silver newsletters we read, we’ve seen a few queries on the topic of confiscation of gold in the USA. We […] The post Gold Confiscation | Could it Happen in New Zealand Today? appeared first on Gold Survival Guide.
Read More…

RBNZ Cheap Loans Continue – Official Cash Rate On Hold at 0.25 Percent

Fri, 20 Aug 2021 6:26 PM NZST
Rbnz cheap loans continue - official cash rate on hold at 0.25 percentPrices and Charts Looking to sell your gold and silver? Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity N/A in Level 4 Buying Back 1kg NZ Silver 999 Purity N/A in Level 4 NZD Gold Bouncing Back Over $100 Since Last Week Gold in New Zealand dollars was up over […] The post RBNZ Cheap Loans Continue – Official Cash Rate On Hold at 0.25 Percent appeared first on Gold Survival Guide.
Read More…

If Gold and Silver Are Manipulated, Why Bother Investing?

Tue, 17 Aug 2021 3:10 PM NZST
We’ve answered the question “Why buy gold and silver if they are manipulated?” before. But only in brief where we said: “if this manipulation is ongoing how can we trust them to retain or increase in value compared to fiat currency? We only have history as a guide for this. Assuming manipulation has been going […] The post If Gold and Silver Are Manipulated, Why Bother Investing? appeared first on Gold Survival Guide.
Read More…

The Latest on Gold and Silver Manipulation Exposed

Tue, 17 Aug 2021 2:03 PM NZST
After last week’s flash crash in gold and silver, we pointed out that this wasn’t the first time we have seen what is likely to be manipulation of gold and silver. See: Deja Vu – Precious Metals Smashed Lower… Again Latest Precious Metals Manipulation Charges Manipulation has been proven in a court of law on […] The post The Latest on Gold and Silver Manipulation Exposed 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 $2691
1kg ABC 99.95% pure silver bar 1 Kilo NZ Silver Bar $1,257 (In stock) or local silver bar $1224
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1kg “Scottsdale Gold” Bar 99.99% with unique serial number $86,104
1 oz Gold PAMP Suisse Lady Fortuna Minted Bar with Certificate 1oz Pamp gold bar $2,807 (in stock)
1oz Canadian Gold Maple 99.99% pure gold coin (2020) Gold Maple $2,792 (in stock)
1 oz RCM Silver Maple Coin (Minimum order size tube of 25 coins) Silver Monster Box Tube of 25: $1,085 (pick up) (in stock) Box of 500:

$21,309 (Pre-order)

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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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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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