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How to Invest in Gold in New Zealand

From physical bullion to mining stocks and high-leverage trading. We break down the 4 main ways Kiwis can gain exposure to the gold market.

Alex Sherman2023-11-15Updated 2026-01-088 min read

Gold has long been a haven for New Zealand investors looking to protect their wealth against inflation and currency devaluation. But in 2026, there are more ways than ever to gain exposure to the precious metal.

The 4 Main Investment Options

We've broken down the four primary methods for Kiwis to invest in gold, ranked by popularity and accessibility.

1. Physical Gold

Buying actual coins, bars, or jewellery. The most direct form of ownership.

  • Tangible asset you can hold
  • No counterparty risk
  • Storage and insurance costs
  • Dealer premiums (spread)

Best For

Long-term wealth preservation

HIGHEST RETURN POTENTIAL

2. Gold Trading (CFDs)

Speculating on price without owning the metal. Allows leverage and short-selling.

  • High profit potential with leverage
  • Profit from falling prices (Shorting)
  • Instant execution & low fees

Recommended Platform

BlackBull MarketsStart Trading

3. Mining Stocks

Buying shares in mining companies (ASX/NZX). Offers leverage + dividends.

  • Can outperform physical price
  • Potential for dividends
  • Company operational risks

Example Companies

Santana Minerals (SMI)

View NZ Gold Stocks Guide →

4. Gold ETFs

Exchange Traded Funds tracking gold price. Easy to buy/sell via stock brokers.

  • Very liquid (easy to sell)
  • Low management fees
  • Management fees (MER)

Best For

Retirement accounts

Summary & Recommendation

For most New Zealanders, the choice comes down to your timeframe and risk tolerance:

  • For long-term safety (10+ years): Buy physical bullion from dealers like MyGold or Morris & Watson.
  • For active trading: Use a CFD platform like BlackBull Markets to trade shorter-term price movements.
  • For growth: Research ASX-listed gold miners who are expanding production.

Start Trading with BlackBull Markets

Paystreak NZ's top-rated broker for Kiwi traders. Voted #1 for execution speed.

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Trading CFDs involves risk.