Yes the “Small” NZ Banks Are Still Subject to Bail-In

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 $2080
Buying Back 1kg NZ Silver 999 Purity $765

NZD Gold Moving Higher

Gold priced in New Zealand dollars has edged up to a new high today. Up over 2% since last week. Gold looks to be consolidating rather than correcting.

This is probably surprising many people (see this weeks feature article for more).

NZD may well be targeting the $2200 level now. This is where the overhead horizontal resistance line (red)  and the multi year rising blue trend line coincide.

The odds of a return back to the break out level around $1975 appear to be diminishing.

NZ Dollar Gold Chart

It’s impossible to say what the price will do in the shorter term. However in the longer term we do look set up for much higher prices ahead. For more on this see: USD Gold Breakout – 6 Year High Above $1400 – What Happens Now? 

Silver is the Star This Week

NZD Silver also made a new high this morning. Edging above $25.00 for the first time since late 2017. Silver remains very overbought. But this can continue for a while. We will have to see either a correction or at least a consolidation before long.

Read on below for what our guess is…

NZ Dollar Silver Chart

The New Zealand dollar is down sharply this week. This has helped boost local precious metal prices. With the price now sitting on the 50 day moving average, the odds point to a bounce higher from here.

Bigger picture. The Kiwi dollar is sitting firmly in a sideways trading pattern between 0.6500 and 0.6950.

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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Why Gold and Silver Won’t Correct From Here: Two Contrarian Indicators

We get the impression that the majority of people are expecting a fairly decent correction in both gold and silver now.

We have the benefit of being able to read sentiment by looking at who is buying and who is selling. We’ve crunched some numbers that make us start to doubt that narrative.

No guarantees of course. But if you’re currently sitting on the sidelines waiting for gold or silver to pull back, we’d suggest you check this article out.

That pull back may not arrive…

Why Gold and Silver Won’t Correct From Here: Two Contrarian Indicators 

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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.

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The “Time Price”: Why Gold is Money and Will Continue to be

We have spilt plenty of digital ink looking at various ways of valuing gold over the years.  But using time is not something we’ve directly touched on before.

In this article you’ll learn:

  • About the Tupy-Pooley Formula and the “Time Price” to Measure Value
  • How the Time to Mine an Ounce of Gold Has Been Unchanged for Millennia
  • The Problem with Measuring Gold in Dollars, and…
  • Why Money Must Be “Anchored in Time”

The “Time Price”: Why Gold is Money and Will Continue to be

Yes the “Small” NZ Banks Are Still Subject to Bail-In

A client sent us the following email. She was seeking clarification from Co-operative Bank as to whether they were still subject to the RBNZ Open Bank Resolution policy (OBR). A.K.A. – A depositor haircut or bail-in in case of bank failure.

Just in case you were in any doubt that all banks in NZ are impacted by this…


If a financial collapse were to happen, I have heard the term ‘Hair Cut’ used in reference to the type of response we could expect from the Major players (the Big Banks). I believe the term is interpreted this way: “The banks will keep depositors funds”. If I were to transfer my savings to your bank, could this potentially happen or do you have depositors insurance that will allow me within 24 hours, full access to all my funds?

Or better yet, is the Co-operative bank not under all of the same strict regulatory controls as the Big Banks?

Could a repeat of Cyprus happen in NZ and more specifically, at a NZ Co-operative bank in other words?

Thanks in advance.


The Response from her local bank manager…

“Thanks for getting in touch with us. In response to your question; all banks (whether large or small) are regulated by the Reserve Bank. As we are a registered bank in a “haircut” scenario in the event of financial collapse this would be the case.”

Small Banks Subject to bail-in

For more on the Bail-in and the planned bank deposit insurance see:
New Zealand Bank Deposit Protection Scheme – Does N. Z. Have Bank Deposit Insurance?

If you’re still sitting on the fence about buying then be sure to check out this weeks feature article.

We still have a limited number of Perth Mint 1kg silver bars selling for less than the usual price of local silver bars. Just 7% above spot. Only while stocks last though.

  1. Email:
  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:

Why Gold and Silver Won’t Correct From Here: Two Contrarian Indicators

Tue, 30 Jul 2019 10:25 PM NZST

It would be hard not to notice that gold and silver have risen sharply in price recently. So is a precious metals correction now due? Here’s the recent move in gold. Top chart priced in NZ dollars. Bottom is in USD. While here is the NZD silver price move. Both metals have experienced short sharp […]

The post Why Gold and Silver Won’t Correct From Here: Two Contrarian Indicators appeared first on Gold Survival Guide.

Read More…

The “Time Price” – Why Gold is Money and Will Continue to Be

Tue, 30 Jul 2019 3:07 PM NZST

We recently read a very interesting email from futurist George Gilder about “time prices”. Gilder is well known for his book “Life After Google”. This looks at the problems in today’s internet. Such as the likes of online security breaches. Or the current censorship of alternative news sources and ideas by major tech players.  The […]

The post The “Time Price” – Why Gold is Money and Will Continue to Be appeared first on Gold Survival Guide.

Read More…

Silver Breakout or Silver Fakeout? – Where to Next for Silver?

Wed, 24 Jul 2019 1:45 PM NZST

In our newsletter last week we pondered the question “Has the silver breakout started?” With the passage of just another 6 days we reckon we can now say, yes it has! Silver in New Zealand dollars has moved sharply higher since last week.  Looking at the 4 year chart below, we can see silver has […]

The post Silver Breakout or Silver Fakeout? – Where to Next for Silver? appeared first on Gold Survival Guide.

Read More…

Silver is the Star this Week

Wed, 24 Jul 2019 10:45 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  $2031 Buying Back 1kg NZ Silver 999 Purity $746 Gold Consolidating Before Next Move Higher? Gold in New Zealand Dollars continues its consolidation around $2100. We could still see a […]

The post Silver is the Star this Week 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
1kg NZ 99.9% pure silver bar 
1 Kilo NZ Silver Bar
$879 (price is per kilo for orders of 1-24 kgs)

$874 (price is per kilo only for orders of 25 kgs or more)

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1oz PAMP Suisse 99.99% pure gold bar
PAMP Lunar Goat Gold Bar
1kg PAMP 99.9% pure silver bar
PAMP Silver
1oz Canadian Gold Maple 99.99% pure gold coin (2019)
Gold Maple
1oz Canadian Silver Maple 99.99% pure silver coin
(Minimum order size tube of 25 coins)

Silver Monster Box
Tube of 25 $788
Box of 500
$15,015 (backdated other years)

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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)
Ph: 0800 888 465
From outside NZ: +64 9 281 3898

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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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