How to Handle goldsurvivalguide.co.nz for Ethical Investors

For ethical investors, particularly those adhering to Islamic financial principles, engaging with GoldSurvivalGuide.co.nz requires a discerning approach. While the core business of dealing in physical gold and silver is generally permissible, the website’s broader offerings and implications need careful consideration. The key is to leverage its strengths while avoiding its problematic areas.

Utilising Educational Resources Wisely

GoldSurvivalGuide.co.nz offers a treasure trove of information on precious metals. Ethical investors can absolutely benefit from their:

• Educational articles and guides: These cover topics like “Why Buy Gold and Silver,” “What Type Gold and Silver to Buy,” and “Storing Gold and Silver.” Understanding the nuances of the physical precious metals market is crucial for making informed decisions. For instance, knowing the difference between coins and bars, or understanding the factors that influence market prices, can help in prudent purchasing.
• Live price charts: Access to real-time gold and silver prices in NZD is invaluable for tracking market movements. This transparency supports fair transactions and helps investors buy at opportune times, avoiding riba (interest) by ensuring the price is determined at the point of sale.
• Free e-courses and ebooks: Resources like “19 Nuggets of Knowledge on Buying Gold” can provide foundational knowledge without any obligation to purchase. It’s about empowering oneself with data, which is always a good move.

However, when engaging with these resources, investors should filter content through an ethical lens. Any advice that leans towards excessive speculation, market timing for quick gains, or complex financial derivatives should be disregarded, as these often involve gharar (excessive uncertainty) or other impermissible elements.

Avoiding Problematic Offerings: Cryptocurrencies

The most significant area of concern for ethical investors on GoldSurvivalGuide.co.nz is the prominent mention of “Cryptocurrencies.”

• The Issue of Gharar: Most cryptocurrencies are highly speculative. Their value is often driven by market sentiment, hype, and technical analysis rather than tangible assets or productive economic activity. This inherent volatility and lack of clear underlying value introduce a significant degree of gharar, which is strictly prohibited in Islamic finance. Investments should be based on real assets and predictable outcomes as far as possible, not on highly uncertain future price movements.
• The Issue of Qabdh (Possession): For financial transactions to be valid in Islamic law, particularly for monetary assets, there must be immediate and actual qabdh (possession). While physical gold and silver allow for this (either through physical delivery or secure allocated storage), the nature of many cryptocurrency transactions—often involving digital wallets and third-party exchanges where real possession might be ambiguous—can complicate their permissibility.
• Lack of Regulatory Clarity: The cryptocurrency market remains largely unregulated in many jurisdictions, including potentially New Zealand, which adds another layer of risk and uncertainty. Ethical investing often favours environments with strong regulatory oversight to protect against fraud and ensure fair practices.

Therefore, ethical investors should absolutely avoid any foray into cryptocurrencies suggested or implied by the website. The focus should remain solely on physical, tangible precious metals where the principles of real asset ownership and clear possession can be established.

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