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 ...
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?
Check this article out for all the details: What Does Gold Spot Price (Or Silver Spot Price) Mean?
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?
Here's the full run down on this question: Should I Buy Gold Today or Wait? 6 Factors to Consider
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 ...
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 ...
What is the spot price of gold or silver?
Here are all the details on this: What Does Gold Spot Price (Or Silver Spot Price) Mean? Or you can track the NZ dollar gold and silver price on our live charts and prices page. Plus there’s also historical charts of both on there too.