bullionnz.com Blog

Last week reports emerged relating to the apparent loss of a substantial amount of money by some hard working New Zealander’s. This money was ‘invested’ in bullion with a mainstream New Zealand dealer. This entity had a large promotional footprint and ‘polished’ webfront presence. Since this news broke the company has been placed in receivership and an investigation launched by the SFO. Published statements indicate the inability to provide the investor’s their money – and the subsequent receivership – are related to the departure of one of their staff members many months back (as previously widely reported) who, it transpired, had some ‘legal’ issues in the USA. The fact this occurred many months ago is an important fact. That being the case we will be watching with interest to find out why it has taken until now for the impact of his departure to be made public and known to those who have continued to ‘invest’ their money. Would anyone have continued to give up their money had they known of this issue?. Reports further indicate the company was (up to recently) still attempting to secure funds to alleviate this problem which, as previously stated; occurred many months prior. Our interpretation of a statement issued seems to indicate there is a view these attempts to secure money would have been successful if things had been ‘kept quiet’ by those who ended up without a chair when the music stopped. So what were they supposed to do? – keep quiet and hope?. The promotional material of this entity indicates they have considerable interest external of New Zealand and if this is the case it is perplexing why the loss of this money (whilst a significant amount) would result in the entity failing. Undoubtedly the results of the ensuing investigation will be of interest to those thinking of entering the world of bullion ownership. In 2007 we entered the market as a result of a poor trading experience. Since then we have been very vocal about the practices of this industry. Our approach, we believe, has resulted in what we believe to be some changes in the marketing practices of some however the channeling of overseas rhetoric, business practices and other such hype continues.  Short timeline delivery physical bullion is the only option to consider. Chasing paper promises only ends in tears. BullionNZ; keeping bullion deals safe, secure and cost effective since 2007.

A small upswing in spot…..you will undoubtedly see a resurgence of ‘suppliers’ return from the woodwork if it continues.

You will not have to look far to find a stunning example as to why you need to do your research before buying bullion in NZ. We are constantly staggered by those in the industry who do not appear to understand the fundamentals of bullion and are well and truly on board the mainstream propaganda bullion express. Unfortunately some poor hard working NZ Mums and Dads still learn the hard way. Our unique stance in the industry results in multitudes approaching us to seek advice (and other suppliers seeking to emulate us – again!!) however as we say, we operate under a strict mandate not to do so. However one piece of guidance we will provide is ‘If you do not hold it then you do not own it and if you do not own it then it does not exist’. Therefore if you choose to enter the smoke and mirror world of bullion futures, shares and other non physical forms you need to ensure you fully understand the risk by doing your own research. You could of course solely rely on those offering the service eh; but there are better ways to tweak the nose of the grim reaper. BullionNZ has only ever (and will only ever) deal in physical product. I will not even get started on the dangers of drop shipping but will save that for another time……

Well it had to happen didn’t it?. It will be interesting to see what the Global Silver Soothsayers put out to explain it. Those of us who see Silver for what it is – a commodity – certainly knew it would come; history teaches us valuable lessons!!!!. We are constantly amazed by the proliferation of literature focusing on bullion solely as an investment. Even in this country there is the propensity for suppliers to dance around openly providing investment advice whilst concurrently drowning you in linked investment based rhetoric!!.  In our opinion those who market bullion solely as investment (either directly or via third party missives) rather than what it is – a speculative commodity – are either misinformed through ignorance or do so for other agendas. Just as in life there is nothing certain other than death and taxes: the same holds true with commodities. You cannot beat gravity and what goes up must eventually come down eh?. In real estate the mantra is ‘location, location, location’. In the bullion market it is ‘research, research, research’. And for something different; unlike all other bullion blogs in the world, this submission  is 100% originated by the poster – BullionNZ!!!!

(Originally posted on www.bullionnz.com 20 Aug 10) Well team we are ‘pleased’ to offer you an option to purchase 1g trinkets at realistic prices. Your choice if you decide to source these elsewhere for not only a 500% product mark up but also 200% on shipping but we think you are smarter than that. We believe this is just another small part we play in pricing corrections. Research has shown indications that back in 2006 $20 Eagles and Maples were finding themselves on the New Zealand market for over $30, 2007 saw this markup continue. Come 2008 it escalated to a whopping differential of around $17 or 43%.

Lets face it though; 200% markup; someone is smoking something!!!

Do your research and you will see we consistently offer the most cost effective bullion buying experience in NZ outside of a Mint. Additionally, we offer the CHEAPEST most CONSISTENTLY priced 1g trinkets in NZ – enjoy!!!

We continue to be flattered by those who seek to emulate us.

(Originally posted on www.bullionnz.com 10 June 2010) We are pleased to announce we are back at full capacity which is all good. Due to significant inquiries regarding smaller denominations of bullion it is probably timely we state our position;

1g items regardless of metal are, in our opinion, little more than trinket sized gimmicks. Peddling these as a bullion store of wealth is cloudy at best. That said there is absolutely nothing wrong with purchasing these as long as those who do understand these are collectibles which do not hold any realistic potential appreciation if bought at over $100/oz – which is the current norm. In order to bring the market of these back to a realistic benchmark we have opened a business case which when completed will likely allow us to market these at below cost and give New Zealander’s a fair go. We will keep you updated.

You will note we have added a few new products. We hope you enjoy the increased choice we now offer.

(Originally posted on www.bullionnz.com on 11 Apr 10) Team as you know we welcome your contact via our Purchase and General Inquiries Forms. Before using these it is important that you read the note attached to these forms.

In order to reduce the number of distracting inquiries we are receiving regarding ‘where are the $19/oz Silver Ferns’, we will state the following; We categorically refute any assertion BullionNZ was the originator of statements relating to sourcing thousands of Silver Ferns below $20/oz with an intention to offer them at bargain prices. We have never made such a statement. Additionally we will not make any comment relating to a supposed 60% mark up on said items.

We would encourage those who seek the source of these assertions to do their research and direct enquiries appropriately. Undoubtedly with only a little research you will be able to identify the source. Recidivist askers of  questions relating to this matter will be blacklisted.

We hope you understand that it is not BullionNZ’s policy to make direct comment on the actions of others. We are just here to get on with offering you the best bullion buying experience possible.

There is nothing free in life.

(Originally posted on www.bullionnz.com 10 Sep 09)…what do you know? a bit of a spike at present. Still don’t think it will be ‘dooms day’ though. Even at $16.80USD an oz we still offer the cheapest Bullion in NZ. Check out the various sites in New Zealand and you will see for yourself. Ferns are again commanding up to nigh on $60 per oz!!!!!. We estimate the backyard hawkers will be back in force any day now when the buying price gets to around $33.50-$35.00 NZD per oz….

(Originally posted on www.bullionnz.com 9 Aug 09) Looks as if silver is having a bit of a rally this week. Don’t panic though, we don’t personally think the time is nigh where it will rise anywhere near where the doom merchants believe it will!!.

Hi there fellow bullion lovers. Welcome to our blogpage dedicated to discussing aspects of the metals we love so much. This is new for us so please bear with us while we get to grips with things. If you are after (or the originator of) regurgitated diatribe and fanciful theories you will have to go elsewhere as the intent of this is not to participate in such nonse. We are happy to make comment on posts as appropriate. Please remember to play by the rules which are as follows; no indecent, profane or obscene language and treat everyone’s view  with respect (regardless of whether or not you agree) – our blog so our sandpit rules. Any purposeful DA or SA comments will be deleted by us.