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View Full Version : Silver still the same price in New Zealand only the USA dollar has fallen


keithholden
10-01-2010, 05:05 AM
Silver seems to be the same price its been for ages on the local site around $1000 nz dollars for one kg bar, its just the usa dollar thats lost value.

From USA 1000 to 1300 the price here is still the same with exchange rates.
So what does that tell you??
Sell you silver and buy the NZ dollar ;)

PepePareja
10-01-2010, 05:39 AM
Silver seems to be the same price its been for ages on the local site around $1000 nz dollars for one kg bar, its just the usa dollar thats lost value.

From USA 1000 to 1300 the price here is still the same with exchange rates.
So what does that tell you??
Sell you silver and buy the NZ dollar ;)

I'm watching it in Europe and despite this powerful upward move in dollars, AU and AG aren't moving as much in euros, in fact, they've gone down a little recently. Gold really is the barometer against which the pressure on currencies is measured. We are already living with the gold standard. Just don't tell anyone.

Metal_Head
10-01-2010, 08:21 AM
Gold really is the barometer against which the pressure on currencies is measured.

Interesting to note that from a British perspective, gold has a triple top in place, from when the new government was elected in May. It hasn't surpassed the £860 level since. That's not to say that it won't, though, it seems that the new centre-right government has put a lid on the socialist largesse, to a point.

http://stockcharts.com/charts/gallery.html?$gold:$xbp

With regard to silver, the Ag/USD basket is an interesting weekly chart as there's still no move above 29. Silver is still not as expensive as it was in 2008, when priced against foreign currencies in America.

http://stockcharts.com/charts/gallery.html?$silver:$usd

Gert_Ryc
10-01-2010, 02:56 PM
Gold and silver will rise in all currencies. They just have a lag.

Watch chart in this article (http://www.commoditypress.com/2009/12/05/nederlands-investing-in-gold-just-dollar-play-not-really/). It shows price of gold in 3 currencies. Same story for silver

Medina
10-01-2010, 03:07 PM
It does rise, but as stated above, it lags.

Kir Janja
10-01-2010, 03:20 PM
I'm watching it in Europe and despite this powerful upward move in dollars, AU and AG aren't moving as much in euros, in fact, they've gone down a little recently. Gold really is the barometer against which the pressure on currencies is measured. We are already living with the gold standard. Just don't tell anyone.

It is 16 eur/oz, I donít recall POS was ever this high.