Notes for Friday – September 02, 2016

September 2, 1969 is the day that the first automatic teller machine (ATM) made its first public debut, dispensing cash to customers at Chemical Bank in Rockville Center, New York. While being as indispensable to most people as cell phones and e-mail, they have introduced a whole new set of issues. Consumers are faced with scams, skimmers, and robbers, and even fake ATMs have been discovered. o o o JRH Enterprises is having a big Labor Day weekend sale on new PVS14 night vision devices with a 10 year warranty and DKX M3 Level III lightweight armor plates. You might …

August in Precious Metals, by Steven Cochran of Gainesville Coins

Welcome to SurvivalBlog’s Precious Metals Month in Review, by Steven Cochran of Gainseville Coins where we take a look at “the month that was” in precious metals. Each month, we cover the price action of gold and examine the “what” and “why” behind those numbers. What Did Gold Do in August? Every August, most of Europe is off on summer vacation, as are a good number of Wall St traders. With far fewer trades per day, liquidity suffers. Orders that normally would not be big enough to move gold prices have a larger effect when fewer traders are participating. And …

Letter: Banking Questions

Sir: We only use our bank for a checking account to funnel our paychecks through and to pay bills. If banks go to negative interest rates or start confiscating accounts to cover their liabilities, what are we to do? Are we to switch to check cashing services and to money orders to pay bills? I am not seeing this addressed anywhere. HJL Comments: Right now, the negative interest rates mostly affect interbank deposits. However, many have already seen the effects of fees, which make your bank account essentially a negative interest bearing account. If your monthly fee for having an …

Economics and Investing:

16 Tests to Spot Fake Silver Coins – DSV o o o Deutsche Bank refuses clients’ demand for physical gold – E.S. o o o This may be another canary of a forthcoming, major economic slowdown. Ford Announces “Sales Plateau” After 8% Decline, Missing Estimates; Diving Further Into the ISM “Anomaly” – P.S. o o o How Millennials Could Bring The Oil Industry To Its Knees o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Odds ‘n Sods:

The Day The Lights Go Out And The Trucks Stop Running – P.S. o o o How to spot if society is DOOMED: Researchers reveal the signs that show civilization is set to collapse – G.G. o o o ‘Like it’s been nuked’: Millions of bees dead after South Carolina sprays for Zika mosquitoes – DSV o o o Trump Calls for an Oath to America. You mean like the Pledge of Allegiance? – D.S. o o o Video: Hijra – Islamic Migration – B.B.