Why Buying This Year is Better Than Waiting Until Next Year

Why Buying This Year is Better Than Waiting Until Next Year

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 $2545
Buying Back 1kg NZ Silver 999 Purity $1031

NZD Gold Challenges 12 Month High Mark Yet Again

Gold in NZ dollars did indeed break out of the short term wedge formation we said to watch for last week. It gapped higher from there and touched the $2700 support line before dropping down to back fill the gap up. This $2700 is the 12 month high, which gold also touched in June and November.

We could be wrong (not afraid to admit we often are!), but our guess is that gold might well test this $2700 mark again before too long. That will be a key break to watch for and will signal higher prices to come.

NZ Dollar Gold Chart

NZD Silver Look Like It’s Bottomed

Silver in NZ dollars is up over 2% this past 7 days. It bounced off the blue horizontal support line at $32 and looks like it might have bottomed there. Now we are watching to see if silver can get clearly above the 200 day moving average (MA),

NZ Dollar Silver Chart

NZ Dollar Bouncing Off Downtrend Line

The Kiwi dollar is up 24 basis points from last week. But during the week it again dipped down to touch the downtrend line. With the RSI moving out of oversold we could expect to see the NZ dollar gain a little from here. But it clearly is in a downtrend right now.

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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Investment: Is Gold better than Property, Shares and Digital Currencies?

We don’t try to convince anyone to not invest in other sectors. Rather we take the view that gold and silver aren’t investments. They are savings or stores of wealth. Investing is what you do with the rest of your currency you don’t want to put into precious metals.

So this week we take a comparison between gold, property, shares and digital currencies.

Investment: Is Gold better than Property, Shares and Digital Currencies?

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Why Buying This Year is Better Than Waiting Until Next Year

History and the chart of gold in NZ Dollars below, shows that you’re better off buying this year, than waiting for next year.

As in 10 of the last 11 years buying towards the end of one year saw the gold price higher at the end of the following year (see the green arrows).

Note: This year could go either way. Right now we are very close to the price that gold started 2021 at. So what happens in the next 8 days will have a big bearing on whether we can also add this year to those 10 years where gold finishes the year higher than it ended the previous year.

End-of-Year-low-volume-chart

Watch for Low Volume Price Spikes over Christmas and New Year

Also keep an eye out for sharp drops in the price of gold and silver over the low volume Christmas and New Year holidays. In 8 of the last 12 years we have seen the gold price fall sharply around this time (see the green ellipses). Therefore also making it a good time to buy gold and silver near the end of the calendar year. Will 2021 prove to be the same? We haven’t seen this occur for the last 3 years, so maybe it’s not so likely this year? But who knows so keep an eye out in case you get a chance to buy at lower prices.

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

Holiday Trading Times

The only fly in the ointment to buying if the price drops during the holidays, is that we have fewer options. Local refiners are closed from midday 23 December through until 10th January. However we can again lock orders in from the 3rd January. Your orders remain insured and stored within the vaulting system until they are collected or dispatched in the new year.

However our offshore suppliers remain open, apart from around Christmas/Boxing days and New Year. So still some options during the holidays, just limited in products available and order sizes of only above $8000. Just get in touch if you’d like a quote and we’ll get back to you as soon as markets are open and we can lock orders.

Thank you for your continued support and patience during 2021.

This will be our last weekly update for 2021. So we wish you and your family a happy holidays in these crazy, crazy times. Despite what is going on we hope you enjoy some sunshine and outdoors. As after all the best things in life are free and not controlled by the government either. Look out for the next weekly update on the 12th January.

  1. Email: [email protected]
  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:

Investment: Is Gold better than Property, Shares and Crypto?

Mon, 20 Dec 2021 4:02 PM NZST

is-gold-better-than-properties-share-crypto-imgA brief history of all markets The beauty of investing in gold is that because of its durability, finite supply, and reliable demand, it retains its value. Or at least never falls to zero. Unlike cryptocurrencies, gold has a long, proven track record of providing a safe haven during economic uncertainty by retaining its value […]

The post Investment: Is Gold better than Property, Shares and Crypto? appeared first on Gold Survival Guide.

Read More…

How Do You Value Gold | What Price Could Gold Reach? Updated 2021

Tue, 14 Dec 2021 1:57 PM NZST

We recently posted an article that covered various opinions on what the price of gold may reach in the next year and the next 5 years. See: Gold Price Forecast: What Experts Predict. A reader has also asked “What will the future resale value of gold be?” Or rather what they were really getting at, […]

The post How Do You Value Gold | What Price Could Gold Reach? Updated 2021 appeared first on Gold Survival Guide.

Read More…

Gold Purity and Silver Purity – A Complete Guide

Tue, 7 Dec 2021 4:50 PM NZST

Gold and Silver PurityGold Purity and Silver Purity When buying precious metals, it is important to have an understanding of the gold purity or silver purity of the bars or coins. Why? Because a small difference in gold or silver purity can have an impact upon the overall value of the gold or silver contained in a coin […]

The post Gold Purity and Silver Purity – A Complete Guide appeared first on Gold Survival Guide.

Read More…

Lack of Silver Coins Currently

Wed, 1 Dec 2021 12:26 PM NZST

Prices and Charts Looking to sell your gold and silver?   Visit this page for more information Buying Back 1oz NZ Gold 9999 Purity $2506 Buying Back 1kg NZ Silver 999 Purity $1038 NZD Gold Up Care of a Weaker Kiwi Dollar NZD gold has bounced back a little this week, although solely due to […]

The post Lack of Silver Coins Currently 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: [email protected]
  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
$2,753.00
1kg ABC 99.95% pure silver bar
1 Kilo NZ Silver Bar
$1,210.60 or local silver bar $1,194.80 
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1kg “Scottsdale Gold” Bar 99.99% with unique serial number

$88,060.40
1 oz Gold PAMP Suisse Lady Fortuna Minted Bar with Certificate
1oz Pamp gold bar
$2,869.60 (in stock)
1oz Canadian Gold Maple 99.99% pure gold coin (2020)
Gold Maple
$2,854.10  (in stock)
1 oz RCM Silver Maple Coin
(Minimum order size tube of 25 coins)

Silver Monster Box
Tube of 25: $1083.25 (pick up) (Pre-order 2022 maples for release late January)
Box of 500:

$21,599.44 (Pre-order)

(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 BTC, BCH, Visa and Mastercard

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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: [email protected]

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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.
Copyright © 2020 Gold Survival Guide.
All Rights Reserved.

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