Will Biden’s Tax Increases Mean No Inflation?

Prices and Charts

Change from last weeks gold and silver prices

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Buying Back 1oz NZ Gold 9999 Purity $2414
Buying Back 1kg NZ Silver 999 Purity $1127

Gold Unchanged – Still Awaiting a Clear Break Above Downtrend

Gold in New Zealand Dollars is almost unchanged from last week’s update. It did dip yesterday but recouped all those losses today. It is just above the 50 day moving average. Plus it still sits right on the downtrend line dating back to the high of last year. We need to see a clear break above that line.

NZ Dollar Gold Chart

However on the longer view below, it looks like a good chance that major wave (C) up has begun.

NZ Dollar Gold Chart

Silver Up Just Under 1%

NZD Silver is up close to 1% from 7 days ago. It remains on the 200 day moving average (MA). We are still waiting for a clean move above the 50 day MA. However silver may have put in another higher low this past week.

NZ Dollar Silver Chart

 

No Change in the NZ Dollar

Not much to report with the NZ dollar this week. Basically unchanged from last week after the prior sharp fall.

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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Will Biden’s Tax Increases Mean No Inflation?

An email from The Market Ear earlier this week reported:

“The Inflation debate rages on and will dominate the market narrative this year and beyond. Question: if the stimulus in the US is fully funded through taxes does this remove inflationary pressures as demand simply migrates from Personal/Corporate sphere to Government spending? Sanford Bernstein thinks not.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

“Firstly there is still the question of the very sizable blip in inflation over the next 12 months – and with the degree of fiscal support plus very constrained supply it means that price increases over that time horizon are almost mechanical. Longer term tax can have some effect at offsetting it, but higher taxes are aimed at the upper end of income distribution where there is less propensity to spend marginal extra dollar anyway. In addition the ability to provide on-going fiscal support and maintain high debt levels creates an asymmetry around inflation risks which is different compared to recent years. Also bear in mind that whilst the Trump tax cut was meant to get companies investing and hiring, a lot of it just went to buybacks. Now it looks like we’ll get more direct spending, specific areas/projects and hopefully much more direct impact on new jobs”

In the same email they also point out:

“Currency in circulation [USA] is now growing at its largest pace in a year. $43.7B just in the last 4 weeks. Inflation is of course not as easy as just increasing money in the system, but….”

 

Currency-in-circulation USA

 

 

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How Would Hyperinflation in the USA Affect New Zealand?

It’s likely these sorts of reports which have got at least one reader thinking. Jason asks what would happen if the inflation rate really took off in the USA:

“What do you reckon would happen to the NZD direction and NZ interest
rates if hyperinflation were to occur in the US?”

Thanks for this one Jason. Our reply is in this week’s feature article. We cover:

  • What Is Hyperinflation?
    • A Real World Hyperinflation Example
  • How Could Hyperinflation Occur in the USA?
  • A Historic First: Global Reserve Currency Hyperinflation
  • How Did New Zealand Compare to the USA in the Inflationary 1970’s?
  • What About the New Zealand Dollar in a Hyperinflationary USA?
    • USA M3 Money Supply vs New Zealand M3 Money Supply
  • Hyperinflation Isn’t Needed to Destroy a Currency

How Would Hyperinflation in the USA Affect New Zealand?

As we conclude in this week’s feature article, you don’t need hyperinflation to destroy a currency. Just enough time to pass with consistent steady monetary inflation.

So make sure you own some real assets to shield yourself from this ongoing loss of purchasing power. Assets with no counter-party risk like gold and silver.

Please get in touch if you’d like a no obligation quote to see how the buying process works.

Silver Maple, Krugerrand and Britannia 1 oz silver coins are now back in stock.

 
  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:

How Would Hyperinflation in the USA Affect New Zealand?

Wed, 14 Apr 2021 12:14 PM NZST

 

How would hyperinflation in the USA affect New Zealand? How would interest rates here be affected? And what about the New Zealand dollar? There has been a bit more talk of the possibility of inflation lately. We’ve written about it recently too: Inflation in 2021 and Beyond: What’s Different to 2009? Here’s a question from […]

The post How Would Hyperinflation in the USA Affect New Zealand? appeared first on Gold Survival Guide.

  Read More…

Gold Backing to Debt Ratio: A Reset Like in 1934 and 1980 Would Mean $28,000 Gold

Wed, 7 Apr 2021 10:41 AM NZST

A-Reset-Like-in-1934-and-1980-Would-Mean-28000-Gold-1

 

In this article you’ll learn about the gold backing to debt ratio. Along with 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 […]

The post Gold Backing to Debt Ratio: A Reset Like in 1934 and 1980 Would Mean $28,000 Gold appeared first on Gold Survival Guide.

  Read More…

Gold or Silver? Higher or Lower?

Wed, 7 Apr 2021 5:32 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 $2411 Buying Back 1kg NZ Silver 999 Purity $1109 A Higher Low for NZD Gold? Gold in New Zealand dollars looks like it has made a higher low this past week. After […]

The post Gold or Silver? Higher or Lower? appeared first on Gold Survival Guide.

  Read More…

US Debt Clock’s Dollar to Gold and Silver Ratios vs Our Debt to Gold Numbers

Wed, 31 Mar 2021 10:45 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 $2351 Buying Back 1kg NZ Silver 999 Purity $1066 Gold Dipping as Expected As we warned it might last week, gold in New Zealand dollars fell this week. Dipping to “back fill” the […]

The post US Debt Clock’s Dollar to Gold and Silver Ratios vs Our Debt to Gold Numbers 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
$2560
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1kg “Scottsdale Gold” Bar 99.99% with unique serial number

$82,200
1oz 2020 Royal Australian Mint 99.99% Gold Coin

$2645 – Phone or email to pre-order
1oz Canadian Gold Maple 99.99% pure gold coin (2020)
Gold Maple
$2,641 (on Pre-order)
1 oz South African Krugerrand Silver Coin
(Minimum order size tube of 25 coins)

  Silver Monster Box
Tube of 25: $1133 (pick up) (in stock)
Box of 500:

 

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(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
  • 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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All Rights Reserved.

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