gold price per gram chart
Silver Price NZ | PAMP Suisse | Local NZ
From the first time buyer of gold or silver, a question we often get is “How do I choose between buying PAMP Suisse gold and silver bars versus local New Zealand refined gold and silver bars?”
A short answer would be to say that the local NZ refined gold and silver are bought by 89% of our clients. With PAMP being the next most popular but a long way behind.
So does this make local NZ gold and silver bars the better option?
Our thoughts are — it depends.
But before we get to why it depends, maybe we should start by firstly outlining the differences between the products as then the pros and cons for purchasing each will be more obvious.
Actually on second thoughts we should first say what they have in common.
PAMP Suisse Gold/Silver Bullion vs Local NZ Gold/Silver Bullion: What do they have in common?
For gold, both the PAMP Lady Fortuna 1oz bar and the local gold 1 oz bar are both 99.99% pure — four 9’s in industry speak. For silver the PAMP 1kg bar and the local NZ silver 1kg bar are both 99.9% pure or three 9’s. So both local gold/silver and PAMP gold/silver contain the same amount of silver or gold in each unit.
Now, how are they different?
Compared to local NZ bars, PAMP gold and silver bars have 3 major differences:
PAMP bars have an assay certificate and individual serial numbers
PAMP bars are manufactured in Switzerland and more easily recognised worldwide
PAMP bars cost more to buy per bar
You can see and compare todays indicative prices for each product on our products page.
http://goldsurvivalguide.co.nz/ask-us…
So how do I decide between PAMP bullion bars and local bullion bars?
The first and main question to ask yourself is when the time comes, where do you intend to sell the gold or silver bullion?
If it’s in New Zealand then the lower priced local gold and silver bars may be as good an option for you as you’ll get more gold or silver for you buck. And as we outlined above, when you start buying many ozs of gold or kilos of silver the extra $45-50 per bar can start to add up.
However if you believe you may wish to sell overseas then the more recognisable PAMP products may be the better option. Of course when it comes to silver you’ll have to consider whether you would try and lug say 20 kilos of silver around the airports with you! Gold is much more portable of course (one of the characteristics that makes it money) and so a PAMP 1oz bar can make a great travel insurance product. At today’s prices a bit over NZ$2000 that can be easily hidden on your person, in a pocket etc. Often a great gift for a travelling son or daughter. An emergency back up they can’t easily blow on beer in a london pub but if necessary can turn into cash!
Just like anything else, individual circumstances mean that the best option will differ from person to person and in the end you’ll have to make up your own mind.
Much like if you can’t decide between gold and silver themself, if you’re really unsure then an option may be to have a “bob each way” and get a bit of both. Some local gold or silver to get the best price and therefore the most physical metal possible, and some PAMP products in case you relocate overseas. And if you travel, then especially consider a few PAMP Lady Fortuna gold bars as some emergency money in case of theft or a lost wallet or purse while overseas.
From outside NZ: +64 9 281 3898email: orders@goldsurvivalguide.co.nz
How to Invest in and Buy Silver in NZ
As a substance, silver shares many of the characteristics as gold historically used as money in the same way – however, unlike gold, which is not used industrially in any substantial way, silver is also an essential industrial material – it is the best electrical conductor of any of the elements for example. Thus silver is a commodity, and the price is therefore ultimately governed by the laws of supply and demand.
Silver is often called “the poor man’s gold”. In relation to its scarcity, silver is very cheap compared to gold. The gold market itself is small – the silver market is much smaller again, which means it has significant volatility, which we will talk about later. There is also a difference between physical market silver which is physically shifted around or stored and the paper market, which is roughly a hundred times bigger. Again, we will be discussing this later.
Most above ground gold is still around – it’s been there since it was mined. Silver on the other hand has been consumed – above ground stocks of silver are very limited – there are no Government stockpiles, as there once were. This is an important point – in actual fact, real silver is scarcer than real gold.
Under an inflationary scenario, the price of silver will increase significantly, along with the price of gold, as investors worldwide lose faith in their rapidly depreciating paper money.
Because Governments try to print their way out of any incipient deflation, if we really were to experience a deflationary environment, which several commentators believe is likely, because of the fantastic wealth destruction which has occurred, and is continuing to occur, then trillions more dollars will be created out of nothing – which will result eventually in hyperinflation.
At the present time, the paper market for silver and the physical market are disconnected. The paper market is manipulated – there is definite evidence out there that the banksters, are shorting the hell out of the paper silver market to force the price down at certain times, and hold it there. But we have strong upward pressure. On the other hand, the physical market is tight as a drum – lots of investment demand – silver eagles being cranked out at record volume – and just try to buy silver in New Zealand in any volume.
The worldwide supply of silver is dwindling; at current rates of usage we have less than a decade’s worth left.
If you think that it is impossible for the price of silver to reach hundreds, if not thousands of dollars per ounce, you might want to look at palladium, which is a precious metal that is also used industrially, which exploded in price from less than $100 per oz in 1992 to over $1000 per oz in 2000. Industrially, palladium and platinum are interchangeable. We can also look at the platinum chart.
So use the volatility to your advantage! Buy on the heavy pullback, which will certainly occur – possibly up to 50%.
To quote Robert Kiyosaki who is well known in New Zealand particularly for his real estate investing books “Silver is a smoking deal”.
Investing In Silver in NZ:
In terms of physical silver, the alternatives are basically ingots and coins. 99.9% purity is a minimum you should look for to make it considered as investment bullion, and therefore not subject to GST.
ETFs – these are stocks you can buy that track the price of silver in the paper market – many commentators are wary of these though, and suggest they be used only as trading vehicles. Caveat Emptor
There are silver mining companies to invest in directly and also companies that are royalty companies – they don’t actually mine silver, but cream off a percentage for every ounce mined.
Bill Flinn is one of the 3 founders of http://GoldSurvivalGuide.co.nz He writes the weekly column “Wild Bill’s Weekly Wanderings” where he summaries and comments on articles in the gold and silver world that he has found interesting for the week as well as sharing his own thoughts relating to the gold and silver markets both in NZ and globally.
Gold Survival Guide has a plethora of articles on investing in gold and silver with a particular focus on New Zealand, the home country of it’s founders. Gold Survival Guide also offers an avenue for people to buy gold in NZ at competitive prices, and also silver.
Ph: 0800 888 465
From outside NZ: +64 9 281 3898
email: orders@goldsurvivalguide.co.nz
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