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 [1]. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on the Dollar Downturn. (See the Forex section.)
Precious Metals:
Gold Advances 2.5% on Week, Silver Surges 4.5%
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Gold Breakout & Upside Price Targets [2]
Stocks:
Next, at Seeking Alpha, there is this: September 2017 Stock Considerations [3]
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At CNBC: Dow closes more than 200 points lower, posts its worst day since August 17 [4]. (Warning: Has auto-start video.)
Commodities:
On to this piece at Platts: Key trends impacting commodity markets in 2017 [5]
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And at Market Oracle: When and how to invest in the commodity market – Taking a balanced step forward [6]
Forex (Dollar Downturn):
The US Dollar Index (USDI) remains in a bear trend [7], just as I predicted. Once again: President DJT wants a weaker Dollar, primarily to boost US exports. Plan accordingly. Diversify with a hedge out of US Dollars. That means both precious metals and selected foreign currencies. My current favorite is the Swiss Franc (CHF).
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The US dollar is in its worst losing streak in 14 years and the data aren’t helping [8]
Economy & Finance:
Moody’s: If the US defaults, it won’t regain its top-notch debt rating
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How Welfare States Encourage Bad Economic Thinking
Derivatives:
Derivatives: Is the Fed Giving Us the Deadline to the Next Crash? [9]
Troubling Trends:
A Calculator for the Cyclically Adjusted PE Ratio (CAPE) – in Any Timeframe! [10]
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Also at Market Oracle: Technology Is Already Eliminating Driver Jobs—Here’s How to Trade It [11]
Tangibles Investing:
Finally, anyone living near New Orleans, Louisiana might consider attending a free college seminar. It is: Unlocking the Potential of Hidden Wealth: Managing Tangible Assets [12]. It will be held on September 27th, 2017.
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. So please see our Provisos [13] page for our detailed disclaimers.
News Tips:
Please send your economics and investing news tips to JWR [1]. (Either via e-mail of via our Contact [14] 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 “get the scoop” on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!
Comments Disabled To "Economics & Investing For Preppers"
#1 Comment By Skip On September 7, 2017 @ 2:58 am
The dollar is still the worlds fiat currency. No other currency is close in scope and reach.
And with the 12 private Banks that are The Federal Reserve that can print hundreds of billions of dollars will keep the dollar the King Currency for a long time.
Also being a super power with a large nuclear force doesn’t hurt.
Here is the thing with gold or silver, who do you sell it to when you need cash?
And if nation’s actually go cashless precious metals will become expensive paper weights.
Jim Rickards 10% rule is good diversity of assets in these times but if you see cash outlawed, sell it.
#2 Comment By Charles K. On September 8, 2017 @ 12:31 am
The purpose in precious metals (particularly for preppers) is as a means of exchange after TSHF. That’s why more silver than gold, and coins or bars of known weight and purity. Gold is good for large expenses, say property taxes (becoming legal in many states), or maybe a good running “old” truck or suv. After TSHF an ounce of gold will go a long way.
#3 Comment By Aubrey Turhan On September 8, 2017 @ 12:17 am
The ability to print unlimited numbers of dollars is the root of the problem!
If you think the dollar is the only viable means of exchange, you need to get out more! The world will get along without the dollar and others are eager to take its place!
The world has changed and tonight from Louisiana, I could buy or sell U.S stocks without using U.S. Dollars. Nor do I have to use a U’S’ Exchange or Bank! Imagine what the big boys are doing! Aubrey Turhun
#4 Comment By Skip On September 8, 2017 @ 1:03 am
Sorry for any confusion but I did not state other currencies do not have value.
I did state the US has the King of all fiat currencies. See the following definitions;
Definition: A global currency is one that is accepted for trade throughout the world. Some of the world’s currencies are accepted for most international transactions. The most popular are the U.S. dollar, the euro and the yen. Another name for global currency is reserve currency. The US dollar is 64% of dominate fiat currency.
The Petro-Dollar also helps maintain its position.
Also check the dollar on the SDR’s and see who lost when China entered the game.
As to international travel, I found the good old fashion dollar worked very well. However I have been denied using a Euro not being accepted in Victoria Canada, go figure.
Of these, the U.S. dollar is the most popular. It makes up 64 percent of all known central bank foreign exchange reserve.