Precious metals newsletter February 8, 2023

The Precious Metals Newsletter

News and analysis

TODAYS BULLION PRICING:

as at 10:00am, Feb 8, 2023

Product	Customer buys		Last Friday	previous month	Last Year
Product	NZ$ (indicative)	US$ (indicative)	NZ$	NZ$	NZ$
1 oz Gold Kiwi coin	$3,077.20	$1,635.86	$3,080.94	$2,958.92	$2,847.35
1 oz Silver Fern coin
Spot Gold / oz	$2,965.12	$1,870.10	$2,968.41	$2,851.22	$2,743.26
Spot Silver / oz	$35.04	$22.10	$37.75	$37.72	$34.86
Spot Platinum / oz	$1,542.73	973.00	$1,577.36	$1,590.43	$1,552.44

See more prices here » See gold and silver history charts here »

How to buy gold and silver

The process for buying precious metals involves four steps. You will first need to verbally agree (fix) a price. Usually you are negotiating a NZ dollar price for a specified volume of metal (eg: 1 oz) for a specified product (24ct coin). (Alternatively, you can negotiate a US dollar price.) Expect shipping costs to be extras. You then need to formally confirm your agreement, usually on a formal contract form. This step needs to be done promptly after your negotiation. Once confirmed in writing, you will need to make payment and this will almost always be required the same day as the written confirmation. Your order is then shipped to the address you specify. Note there are no refunds, returns or exchanges permitted. To sell, a similar process is undertaken.