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 Collectibles. (See the Tangibles Investing section, near the end of this column.)
China Surpasses South Africa’s Gold Production. (Although South Africa still has the world’s largest below-ground reserves.)
Economy and Finance:
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Graham Summers had this great essay re-posted over at Alt-Market: Warning: The Fed Is Preparing To Crash The System Again
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Several readers sent us this: More than a third of California households have virtually no savings, are at risk of financial ruin, report says
Tangibles Investing (Collectibles):
Many of my consulting clients have asked me about investing in collectibles. I consider them an advanced investing portfolio hedge for someone who already has a goodly cache of guns, ammo, and precious metals. These require lots of research, before buying. And it is important to note that unless a touted collectible item is antique, no longer in production (or of truly limited production), and has multi-generational collector appeal, then it should be avoided. Sorry to all you Hummel collectors out there, but in 30 years, your “investment” will probably have few takers and most prices will have seen an irrecoverable crash. Why? Hummels are still being cranked out by the thousands, year after year. But, in contrast, the world’s supply of Fabergé Eggs is fixed, and prices can only go one way: up.
A key reference: Kovels’ Antiques and Collectibles Price Guide 2017
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!