SurvivalBlog reader “Keiser” mentioned that SustainableLiving.org has some interesting commentary on the economic implications of a long term oil shortage.
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David in Israel Recommends: In the event of a power grid outage a hand crank cellular phone charger (available on eBay) can keep you talking. At least as long as the fuel lasts for the generators at the cell towers. (And not all of them have backup power.)
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It is good to see that the spot price of silver has bounced back to the vicinity of $11.35 per ounce. I expect that the annual precious metals market “summer doldrums” will continue through August, with only modest gains, and perhaps even some more profit taking. But come September, watch out! It is then likely that the silver bull will resume his charge, propelling the price of silver past $15 per ounce. OBTW, I hope that you took my advice when silver had its correction in May and June. You briefly had the chance to buy silver at under $10 per ounce. That probably won’t happen again for quite some time. As always, buy low, sell high.
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Newsmax reports that the UN Small Arms and Light Weapons Conference ended in a stalemate, with no agreement upon an “outcome document.”