What Has Pushed the NZ Dollar Lower?

This Week:

  • What Type of Gold Bar Should I Buy? The Complete Guide
  • Gold Backing to Debt Ratio: A Reset Like in 1934 and 1980 Would Mean $21,000 Gold
  • What Has Pushed the NZ Dollar Lower?

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 $1801
Buying Back 1kg NZ Silver 999 Purity $716

NZD Gold at new high for 2018

NZD gold price is up sharply this week, simply due to the much weaker NZ dollar. More on that soon.

NZD gold reached the highest price for 2018 this week. Close to breaking above $1875 and also not far from the $1900 horizontal resistance. The key level then is the $1950 high from 2016.

NZ Dollar Gold Chart

Silver in NZ Dollars flew higher earlier this week on what looked like a short covering rally in the futures market. As a result silver in both USD or NZD got very close to breaking out of the multi-year wedge formation. But it has since pulled back. This formation is getting narrower and narrower and can not continue for too much longer.

This wedge is like a giant coiled spring. So when silver breaks out of it history suggests it will be a very large move.

NZ Dollar Silver Chart

Kiwi Dollar Plunging

But the biggest move this week was in the NZ Dollar. It tumbled almost 4%! Quite a decline in a week.

NZ Dollar Chart

At first glance this would seem to be just the Kiwi reacting to US dollar strength and commodity weakness in general. And falling against the USD like other currencies this week.

However the Kiwi has also been falling against other commodity currencies like the Aussie and Canadian dollars.

What Has Pushed the NZ Dollar Lower?

Who could know for sure? But a good bet may be the news in this Zerohedge article this week (hat tip to A.E. Thanks).

IMF Blasts New Zealand’s “Discriminatory” Ban On Home Sales To Foreigners

The Labour government policy on foreign home buyers is looking to be even harsher than first thought and the IMF didn’t think it necessary. Foreigners will only be able to buy new builds and off the plans if they re-sell within a year.

So this news may have been a factor in the lower dollar.

This reminds us of a podcast from Peter Schiff last October after the change in government here. Schiff is actually very knowledgeable on New Zealand politics and history. Far more than many New Zealanders would be.

He outlined why he thought the new Labour government may be harmful in the long run.

See from the 21.50m mark:

Peter Schiff on NZ Labour Government

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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What Type of Gold Bar Should I Buy? The Complete Guide to Choosing.

Here’s everything you need to know when you’re thinking of buying a gold bars. You’ll learn:

  • When to choose gold bars over gold coins
  • What size gold bar to buy
  • Pros and cons of different gold bar sizes
  • How you can borrow against 1kg gold bars
  • What’s the most commonly purchased gold bar size
  • Different brands of gold bars
  • 
Cast bars vs minted bars

What Type of Gold Bar Should I Buy?

What Type of Gold Bar Should I Buy?

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Gold Backing to Debt Ratio: What Price Would GoldNeed to Be to Back US Debt?

In this article you’ll learn about the gold backing to debt ratio. And what the gold price would need to be at today to match two previous periods of debt reset.

There’s a short video but also a summary if you prefer to read…

Gold Backing to Debt Ratio: A Reset Like in 1934 and 1980 Would Mean $21,000 Gold

Gold Backing to Debt Ratio: A Reset Like in 1934 and 1980 Would Mean $21,000 Gold

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

Have you got any other questions about buying gold bars or coins? Then get in touch – we’re happy to help.

Get in touch to discuss your options:

  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

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This Weeks Articles:

Gold Backing to Debt Ratio: A Reset Like in 1934 and 1980 Would Mean $21,000 Gold

Thu, 26 Apr 2018 12:41 PM NZST

gold backing to debt ratioIn this article you’ll learn about the gold backing to debt ratio. And what the gold price would need to be at today to match two previous periods of debt reset… How do you determine gold’s value? Or put another way what price should gold be at? In our view this is the wrong way […]

The post Gold Backing to Debt Ratio: A Reset Like in 1934 and 1980 Would Mean $21,000 Gold appeared first on Gold Survival Guide.

Read More…

Gold Nearing Bull Breakout

Wed, 25 Apr 2018 8:54 PM NZST

Here’s a great summary of where the gold market sits right now. What has transpired over the past 3 years since gold bottomed out and why the technicals and other factors point to gold being very close to breaking into a new bull market…   Gold Nearing Bull Breakout By Adam Hamilton – First published […]

The post Gold Nearing Bull Breakout appeared first on Gold Survival Guide.

Read More…

What Type of Gold Bar Should I Buy?

Tue, 24 Apr 2018 5:48 PM NZST

What type of Gold Bar to BuyHere’s everything you need to know when you’re thinking of buying a gold bar. You’ll learn: When to choose gold bars over gold coins What size gold bar to buy Pros and cons of different gold bar sizes How you can borrow against 1kg gold bars What’s the most commonly purchased gold bar size Different […]

The post What Type of Gold Bar Should I Buy? appeared first on Gold Survival Guide.

Read More…

When Will US$1400 Be Broken?

Fri, 20 Apr 2018 11:30 AM NZST

  This Week: When Will US $1400 Be Broken? How Does War Affect the Gold Price? What Are JP Morgan and a Number of Billionaires Hedging Against? Prices and Charts Looking to sell your gold and silver?Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $1766 Buying Back 1kg NZ Silver […]

The post When Will US$1400 Be Broken? 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
$1942
1kg NZ 99.9% pure silver bar 
1 Kilo NZ Silver Bar
$821 (price is per kilo for orders of 1-9 kgs)
$813 (price is per kilo only for orders of 10 kgs or more)
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1oz PAMP Suisse 99.99% pure gold bar
PAMP Lunar Goat Gold Bar
$1970
1kg PAMP 99.9% pure silver bar
PAMP Silver
$881
1oz Canadian Gold Maple 99.99% pure gold coin
Gold Maple
$2007 (or $1987 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: $731 (2018’s) or $633 (for 2015 preloved) pick up
Box of 500: $14,200 (2018’s) or $12,721 (2015 preloved silver maples)
(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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