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 registered Class 3 machineguns. (See the Tangibles Investing section, near the end of this column.)
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As of July 31st, the trend line for spot silver is looking encouraging. I hope that SurvivalBlog readers stocked up when silver was lower. If you didn’t, then buy now, before the next market crisis. (I predict that the next global crisis will send silver soaring to $35+ per ounce.)
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The boom in coffee prices is continuing. As preppers, we need to watch commodities prices closely, to be better able to time our purchases of physical goods, both for our own use and for barter. This might be our last chance (at least for several years) to stock up on freeze dried coffee at a reasonable price.
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The growing trend toward US Dollar (USD) weakness versus the Euro (EUR) is now apparent. In his campaign, President Trump promised stronger exports. With the cooperation of the Treasury Department and the Federal Reserve private banking cartel, a weak Dollar is how he will get his desired export numbers. Have you hedged yet, folks?
Economy and Finance:
Brandon Smith at Alt-Market recently posted this interesting analysis: The Globalist One World Currency Will Look A Lot Like Bitcoin
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I found this linked over at Claire Wolfe’s blog, last week: What Happens When Your Money Is Suddenly Worthless?
Tangibles Investing (Machineguns):
Here in the United States, a curious legal situation exists: The number of transferable Federally registered machineguns was artificially frozen by the U.S. Congress, in 1986. This has made the price of the relatively few registered machineguns (around 300,000) go through the roof, in a constant stairstep fashion. Even a commonplace registered receiver M16A1 which sold for around $900 in 1986 now sells for around $31,000. And a Thompson M1928 submachinegun, which sold for around roughly $1,400 in 1986 now sells for around $40,000. (The $200 transfer tax must have seemed like a fortune back in 1934. It is affordable, today.)
The big question is: Will Congress stop this seemingly endless “up escalator” by re-opening the NFA registry? (This might come in the form of another short-term Registration Amnesty, a la 1968. There have been several attempts to do so, mainly for veteran bring-backs, but none have yet been enacted.) Given the vagaries of Congress, this is difficult to predict. But the chances for enactment seem better under President Trump, than with any other president since 1986.
Thousands of Americans–now mostly wealthy doctors and lawyers–are betting on the status quo–that is that the NFA registration window will remain closed. They are stocking up on registered Class 3 machineguns. For now, at least, it appears that the sky is the limit for their prices. Here are a few good articles on the subject, as well as a link to an NFA sales board:
Subguns.com (JWR’s favorite site for NFA-related items)
Ferrari driver wrecks supercar just an hour after he bought it. JWR’s Comments: Apparently the driver was just slightly injured. I suspect that the gravest injury was to his insurance rates. Ouch!
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!