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 investing in single malt whiskey. (See the Tangibles Investing section, near the end of this column.)
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Next, it looks like the price of gold may be breaking out of its downtrend.
And over at OilPrice.com: The Only Way OPEC Can Kill U.S. Shale
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North Korea’s Fuel Prices Soar After China Suspends Exports. (After China’s National Petroleum Corp. halted sales of fuel to Pyongyang, North Korean gasoline and diesel prices have jumped substantially.)
Over at Seeking Alpha: Car-Mageddon Is Upon Us And How To Play It
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And continuing on to foreign exchange (Forex) news, here are some long trend predictions on the US Dollar versus the Swiss Franc.
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The Wall Street Journal reports: Monetary Policy in Japan Has a New Problem: Amazon
Economy and Finance:
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At The Jakarta Post: Analysis: Artificial intelligence can drive fintech, support economy
El-Erian’s latest essay at Bloomberg: Jamie Dimon Is Right to Raise the Alarm
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Tangibles Investing (Whiskey):
One odd investment that is paying off for some folks is single malt whiskey. Although I personally don’t drink any hard liquor and my beer and wine consumption per year can be counted on one or two hands, I can’t fault those who see this as a viable investment. Much like riding the “long bull” in wine collecting, whiskey collecting just started coming into fashion around 2012. There are now whiskey tasting tours (chauffeured, of course), and they are quite popular.
The serious investors, I’m told, avoid buying any blended whiskeys. And from what I’ve read, it will be bottles from craft whiskey distilleries that will see the greatest gains in the next few years. Look for up and coming “craft” or “artisan” distilleries.
When spelled “Whisky,” (without the “e”) it usually identifies spirits from Scotland or Canada. When spelled “whiskey” (with the “e”) it generally indicates the U.S. or Ireland.
Many of the new craft distillers are experimenting with distinctive nut, fruit, honey, or caramel undertones. This is where the new crop of whiskey experts will surely develop a parlance, to mirror the snooty chit-chat among wine experts. I predict that in another five or six years, whiskey collections will be all the rage. Just one key proviso: Don’t drink up your profits!
SurvivalBlog and its Editors are not paid investment counselors or advisers. So please see our Provisos page for our detailed disclaimers.
Please send your economics and investing news tips to JWR. (Either via e-mail of via our Contact form.) These are often especially relevant, because they come from folks who particularly watch individual markets. And due to their diligence and focus, we benefit from fresh “on target” investing news. We often “gets the scoop” on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!