Buying Gold & Silver
Can I buy using anything other than New Zealand dollars? Do you have foreign currency accounts that I can transfer to when buying precious metals?
Yes some of our suppliers have US Dollar, Australian Dollar, Euro and Great British Pound foreign currency accounts. Our experience has shown that if you are transferring funds from offshore to the same currency account here, there are markedly ...
Can I buy precious metals from outside of New Zealand? I’m a kiwi but I’m living offshore at the moment and would like to convert some foreign currency into gold and silver.
Yes you can. We do have experience with assisting ex-pats purchase precious metals back home. One of our suppliers also has some storage options that may suit those buying from overseas but intending to return to New Zealand at some point. Drop us an ...
Okay, so I've decided to buy, why should I go through you guys?
Great question and we’ve got some answers here as to why buy through us here at GoldSurvivalGuide: http://goldsurvivalguide.co.nz/about/why-choose-us/
Once I've accepted a quote for gold/silver and paid my money, how can I be sure I will receive it and that you guys aren't a dodgy 'Nigerian scam'?
First up, we don’t receive any money directly from you when buying locally refined NZ gold and silver. We are brokers or agents only. You deposit the funds directly into the specific suppliers account (depending on what product you want and where the ...
How can I be sure of the purity of the gold or silver supplied?
Local gold and silver bars/ingots are stamped with the suppliers “hallmark” and with either 9999 for gold (four 9’s or 99.99% pure) or 999 for silver (three 9’s or 99.9% pure). Also, in terms of ensuring purity of supplied product the local New ...
Why is the silver margin on bars so much more than the mark-up on gold bars?
See this article as we cover this topic here: http://goldsurvivalguide.co.nz/why-is-it-so-expensive-to-buy-silver-in-new-zealand/
Should I buy coins or bars/ingots? And what about choosing between local coins and bars versus overseas made products?
We’ve actually written a whole article on this very topic: http://goldsurvivalguide.co.nz/nz-gold-coins-and-silver-coins-or-nz-gold-bars-and-silver-coins-which-should-i-buy/.
What does the spot price of gold (or silver) mean?
In simple terms the spot price is the cash price of a commodity like gold or silver, at a given time and place. It relates to large bars of metal stored in certified warehouses where usually just the receipt of ownership changes hands not the ...
I read that gold or silver coins of 99.9% purity are GST free – Does that apply to bars as well?
Yes, it applies to them regardless of the form – as long as purity is: • gold not less than 99.5% • silver not less than 99.9 From the IRD website covering GST exemptions: ...
Should I invest in precious metals now or wait and see?
This is a common question from people who are mulling over whether to invest in precious metals now or hold off a bit longer… "Do you think the US will keep the Bond market going a little bit longer? We can all see the world-government banking cartel ...
How can I be sure of the purity of the gold or silver supplied?
Local gold and silver bars/ingots are stamped with the suppliers “hallmark” and with either 9999 for gold (four 9’s or 99.99% pure) or 999 for silver (three 9’s or 99.9% pure). Also, in terms of ensuring purity of supplied product the local New ...
How soon after payment will I receive my bullion?
Once you have made payment and your funds cleared, delivery of your gold or silver bullion is generally about 4-6 days later. Orders are not sent on a Friday to ensure the goods aren’t sitting around a courier depot over the weekend. However ...
How do I pay when buying gold or silver?
The vast majority of people buying gold or silver (say 99%) pay via online banking – credit card is not a good option as you will have to pay more due to the card processing charges. You can pay cash over the counter but this is dependent on what is ...
How is bullion shipped? Can it go to my work or home address? Is it insured?
How is bullion shipped? Bullion is shipped via courier fully insured right up until you or someone at your delivery address signs for it. The courier doesn’t know the contents of the package (it is plain) and also the package goes from the supplier ...
Do I have to pay upfront when buying gold or silver? (Silver 20% deposit option)
Yes as gold and silver prices vary every minute of the day, in order to lock in a price you need to make payment the same day. However in times where there is high demand and delays in delivery of silver, we have a supplier with an option to lock in ...
What percentage of gold vs silver should I buy?
What percentage of gold vs silver should I have? This really comes down to individual preference. We see people who either buy all gold, all silver, or a mixture of both in varying amounts. We’ve actually written two separate articles outlining some ...
How much gold and silver should I purchase?
We get this question a bit. But as we’re not financial advisors it’s not our role to tell you how much paper wealth to convert to bullion. We simply say consider your net worth and decide how much you want to “remove from the system” and allocate to ...
7 Reasons to (Still) Buy Gold
Gold is still a way from the highs it reached back in 2011 of almost US$1900 per ounce. So there are not too many people outside the gold community that think now is a good time to be buying. But counterintuitively this probably makes it exactly the ...
What is the spot price of gold or silver?
What is the spot price of gold or silver? In simple terms the spot price is the cash price of a commodity like gold or silver, at a given time and place. It relates to large bars of metal stored in certified warehouses where usually just the receipt ...