Day: March 7, 2008

Note from JWR:

You may have noticed some all-time highs were just reached in the commodities markets. Spot gold briefly reached $991 per ounce yesterday morning (intraday). It settled substantially by the closing bell, but the bull market in commodities is far from over. Meanwhile, crude oil futures spiked to nearly $106 per barrel. And the futures market for wheat was recently bid up to an unprecedented $25 per bushel. When I last checked, the US Dollar Index had sagged down to an alarming 72.66! Spot silver, while not at an all-time high (because of the extraordinary highs set during the Hunt Brothers-inspired …


Letter Re: Credit Unions Versus Banks for Safety?

Good Morning Jim, As I read today’s blog, I thought again about the safety of credit unions. As far as I have been able to discover, they have not jumped in to the derivatives like banks and mortgage companies did, and seem much safer than banks. Credit unions are mostly local and (though the requirements are often much less restrictive than they used to be) usually only have local residents as customers. Does anyone know any more on credit unions? I’ve long recommended credit unions to my friends and family in place of banks, since they usually offer lower loan, …


Letter Re: A Recipe for Hunza “No Hunger” Bread

Jim: I found the following recipe for Hunza Bread at the You Q&A web site, in Canada. Because this is a very filling “no hunger” recipe, I have found it very useful in losing weight. (Obviously in a survival situation, my goal would be to maintain my body weight, so I would eat a lot more of it.) It is very easy to make. Hunza Bread Recipe. 4 cups of water 3.5 (three & one half) to 4 pounds of natural buckwheat or millet flour 1.5 (one & one half) cups of olive oil 1.5 (one & one half) cups …


Letter Re: Will US Banking Turmoil Depress the Price of Gold?

Good Morning, I am a fairly new SurvivalBlog reader but like your range and depth of coverage in all things “survival”. I Hope you can help me with a metal question… I have collected gold and silver coins for over 10 years now and have always assumed I could sell them when the time was right, but I recently had a conversation with a local coin dealer who indicated they were cutting back their hours and that there were several other shops that were closing down their retail operations because a lot of people were only wanting to sell precious …


Odds ‘n Sods:

Don’t miss watching this brief video clip: John Williams of ShadowStats Warns: Economic Depression Ahead. (A hat tip to William D. for spotting that video link.)   o o o Jason B. sent us this: Gulf investors may not save Citigroup, Dubai executive says. Jason’s comment: “JWR’s prediction of bank runs may come sooner rather than later.” Meanwhile, we read: Banks’ Losses Could Put $900 Billion Squeeze on Consumers.    o o o In a recent issue of The Daily Reckoning, Bill Bonner commented: “Among the Fed’s efforts to relieve the bankers’ pain has been a new line of credit – …