July 7th, 1907 was the birthday of Robert A. Heinlein.
Welcome to SurvivalBlog’s Precious Metals Month in Review, by Steven Chochran of Gainesville 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 June?
Gold made another run for the $1300 mark in early June. It closed at $1,294 an ounce on June 6th. This was not acceptable to the market manipulators, so they engineered a “take down” in gold later in the month. By trading 1.8 million ounces of gold (61.7 U.S. tons) in one minute, this “mystery” transaction chopped the gold price to a six-week low.
Gold prices stabilized at the end of the month but still posted the first monthly loss of the year. Even after June’s losses, gold is still 8% higher for the year (Continue reading
I have always wondered about food storage manufacturers’ claims about the shelf life of their products. Many claim 30 years shelf life for what they sell. Of course, the question is how can the consumer ever know that this is true?
Many purchasers are dead and buried by the time 30 years pass. Who could ever go back and demand that their money be returned if it did turnout that the product had gone bad?
I know one fellow who obtained No. 10 cans of wheat from a small survival food manufacturer. When he opened a can several years later, to his horror, he found the contents to be moldy. He began opening other cans and found that all of the others were similar. That would obviously be a very bad thing, even something fatal to discover during a long-term emergency.
I believe that many survivalist/preppers, like me, are reluctant … Continue reading
Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on the economic crisis in Venezuela.
First, there is this news: Gold inches higher as dollar weakens, central banks point to end of QE
o o o
Next, here is a phone interview: Silver versus Time, Cryptocurrencies & JP Morgan – Mike Maloney and Jeff Clark
“Foolish liberals who are trying to read the Second Amendment out of the constitution by claiming it’s not an individual right or that it’s too much of a safety hazard don’t see the danger of the big picture. They’re courting disaster by encouraging others to use this same means to eliminate portions of the Constitution they don’t like.” – Alan Dershowitz