Just a little Kiwi stacker here,
Interesting to see the debates on pricing.
I just got a phone call to say my 100 x 1oz ABC Eureka rounds are on their way $26.60/oz NZD cheapest Silver I could find.
Since Oct 2014, when I watched a seminar by Mike Maloney regarding The Fed/Fiat currency/ PM's, I have been an avid saver in silver.
As I was a complete novice with no one to get advise from in New Zealand, I had only one contact for buying silver, Morris Watson in Auckland, whom I had bought 0.999 fine silver rods for making colloidal silver years previously.
After discussing with them I ordered & received (after 4 weeks) 15 x 1Kg 0.999 fine silver bars @24.00/oz NZD (~$22.00 spot), when I collected the lead time was then 6 weeks. (more orders)
As time went on & I found more suppliers, I started saving hard & every time I had enough for 20 or more oz's I'd buy (from my dealer 20+ price was better)
The 100 Eureka rounds are my latest acquisition which bring me up to 917 oz's - my goal being 1000oz's
What is interesting for me & I have had little explanation, is that looking back now to when I first started buying, Oct 2014 the NZD was @0.80 USD. My buy price of $24.00 (22.00 spot) must have been wholesale premium + casting fees.
My next buy was 100 x 2014 Canadian Maples @28.00/oz.
The cheapest I have got was 20 x 1oz buffalo coins for 23.80/oz.
My average buy price for 917oz's is $25.00/oz NZD
From Oct 2014 to today the NZD spot silver price has remained fairly constant ~$21.70/oz spot average (up & down), yet the NZD/USD exchange rate has fallen from 0.80c Oct 2014 to 0.65c Jan 25 2016 (~23% drop) at a fairly constant rate.
At the moment if you buy kg bars you can still get for just over $24.00/oz, the same price I paid for in Oct 2014, where as it should be closer to $30.00/oz (adding 23% for exchange rate)
I thought all commodities traded internationally had to be paid in USD's. I know this is changing but currently the USD is still considered the International currency, so why didn't the NZD spot silver price not
rise at the same rate the NZD fell over that period 0.80 - 0.65??
Could it be an indicator that New Zealand is remaining fairly stable economic wise - due to the differences of exchange rates/commodity prices/etc.
From what I have read gold & silver remain at a constant store value & currencies fluctuate around them - taking the SLV & GLD manipulation into consideration.
As a note: gold has increased in NZD value over the same period while silver remains fairly constant.
Don't get me wrong, I am grateful the prices haven't gone up it as it gives me time to save to get to my goal (hopefully before SHTF), but it doesn't make make sense.
Ideas??
Interesting to see the debates on pricing.
I just got a phone call to say my 100 x 1oz ABC Eureka rounds are on their way $26.60/oz NZD cheapest Silver I could find.
Since Oct 2014, when I watched a seminar by Mike Maloney regarding The Fed/Fiat currency/ PM's, I have been an avid saver in silver.
As I was a complete novice with no one to get advise from in New Zealand, I had only one contact for buying silver, Morris Watson in Auckland, whom I had bought 0.999 fine silver rods for making colloidal silver years previously.
After discussing with them I ordered & received (after 4 weeks) 15 x 1Kg 0.999 fine silver bars @24.00/oz NZD (~$22.00 spot), when I collected the lead time was then 6 weeks. (more orders)
As time went on & I found more suppliers, I started saving hard & every time I had enough for 20 or more oz's I'd buy (from my dealer 20+ price was better)
The 100 Eureka rounds are my latest acquisition which bring me up to 917 oz's - my goal being 1000oz's
What is interesting for me & I have had little explanation, is that looking back now to when I first started buying, Oct 2014 the NZD was @0.80 USD. My buy price of $24.00 (22.00 spot) must have been wholesale premium + casting fees.
My next buy was 100 x 2014 Canadian Maples @28.00/oz.
The cheapest I have got was 20 x 1oz buffalo coins for 23.80/oz.
My average buy price for 917oz's is $25.00/oz NZD
From Oct 2014 to today the NZD spot silver price has remained fairly constant ~$21.70/oz spot average (up & down), yet the NZD/USD exchange rate has fallen from 0.80c Oct 2014 to 0.65c Jan 25 2016 (~23% drop) at a fairly constant rate.
At the moment if you buy kg bars you can still get for just over $24.00/oz, the same price I paid for in Oct 2014, where as it should be closer to $30.00/oz (adding 23% for exchange rate)
I thought all commodities traded internationally had to be paid in USD's. I know this is changing but currently the USD is still considered the International currency, so why didn't the NZD spot silver price not
rise at the same rate the NZD fell over that period 0.80 - 0.65??
Could it be an indicator that New Zealand is remaining fairly stable economic wise - due to the differences of exchange rates/commodity prices/etc.
From what I have read gold & silver remain at a constant store value & currencies fluctuate around them - taking the SLV & GLD manipulation into consideration.
As a note: gold has increased in NZD value over the same period while silver remains fairly constant.
Don't get me wrong, I am grateful the prices haven't gone up it as it gives me time to save to get to my goal (hopefully before SHTF), but it doesn't make make sense.
Ideas??
(I'm collecting the little ones by date, and shouldn't take long to assemble since there are only 12 years' worth!