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 upcoming closure of Paladin Press. (See the Tangibles Investing section.)
Precious Metals:
Fake Gold Bar Did Not Come From RCM [1]
o o o
Harry Dent Defends His Grim Forecast for Gold
Stocks:
“You Get Nothing” – World’s Largest Insurer Warns US Stocks Offer “No Returns” For The Next Decade [2]
Commodities:
Saudis Need $70 Oil To Break Even [3]
Credit:
Brandon at Alt-Market posted this: Bank Of England Hikes Rates To 0.5% In 7-2 Vote; First Rate Increase In Over 10 years
Taxes:
The One Thing About Tax Reform That NO ONE is Talking About [4]
Economy and Finance:
Then there is this, at Zero Hedge: Venezuela’s Grim Reaper: A Current Inflation Measurement – Current Annual Rate 2875% [5]
o o o
The November FOMC Announcement: Fed Does Nothing [6]
Troubling Trends:
Next, over at The Daily Business Report: Undeniable Social Security Demographics [7]
o o o
Reader Michelle in Canada pointed us to a great piece at Business Insider. It is titled: Inside Sears’ death spiral: How an iconic American brand has been driven to the edge of bankruptcy
Tangibles Investing:
Finally, you’ve probably heard the announcement that Paladin Press [8] is closing its doors at the end of 2017. They won’t be taking any orders after November 29th. Presently, their closeout pricing is 65% off list price. Rumor has it that they might drop this to 70% off or 75% off, by mid-November. This presents a great buying opportunity. For most preppers, it just means the chance to round out our personal reference libraries. (Books like The Ultimate Sniper, Ditch Medicine, and Survival Guns are musts.)
But for tangibles investors… There might be some money to be made. You see, except for pre-1923 public domain titles, all of the Paladin book copyrights will be reverting to the individual authors or to their heirs. But in some cases–particularly with deceased authors and with foreign authors–there is a good likelihood that some of those titles will not go back into print in the U.S.. It might be worth speculating on “short stacks” of a few of those books. In particular, I plan to buy a few extra copies of Total Resistance by von Dach and the Rhodesian Bush War book Fireforce by Chris Cocks. They might bring a pretty penny at gun shows, in a few years.
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. So please see our Provisos page for our detailed disclaimers.
News Tips:
Please send your economics and investing news tips to JWR [9]. (Either via e-mail of via our Contact [10] 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 Anonymous On November 3, 2017 @ 12:57 pm
I have been watching the Venezuela situation for many years as I see it as a possible future for the U.S. However I have yet to see an article or report in regard to the use of gold or silver as a means to retain value or obtain goods and services bypassing inflation. Is gold and silver being used there? If not why not? If it is then why don’t we see it on the internet?
#2 Comment By PabloD On November 3, 2017 @ 2:16 pm
Thanks for the Paladin book recommendations. I didn’t buy a stack of either, but I did pick up a few items for my personal library.
#3 Comment By Mr. Gray On November 3, 2017 @ 8:20 pm
To me, it doesn’t matter if Harry Dent is right or wrong. If gold/silver prices rise, then mine will be worth more, but I won’t spend it.
If gold/silver prices fall, I’ll just buy more.
One day gold/silver prices will skyrocket and may be a good means of obtaining food, ammo, medicine, whatever. It may not happen in my lifetime. In that case, my kids will be protected.
I’ll keep stacking.
#4 Comment By Mr. Gray On November 3, 2017 @ 8:29 pm
Remember the old saying:
Always have enough gold to bribe the border guards.
#5 Comment By Stephen D On November 4, 2017 @ 1:09 am
Second the previous remark. I once worked with a Vietnamese young man whose parents bought their way out of the reach of the NVA with the family’s gold hoard. NO JOKE NO EXAGGERATION Money and metals talk when danger is everywhere in a collapsing society.
#6 Comment By Lightnin’ On November 4, 2017 @ 3:10 am
Re fake gold bar:
The “gang” might have been running this scam for years before a professional blew the whistle. If you’re holding any ‘Mint-Sealed’ gold bars, it might be prudent to have them checked by a trustworthy gold dealer. Some gold dealers might have been part of the gang, others might have joined the scam by passing on to unsuspecting buyers bars they suspected or knew to be fake.
#7 Comment By John C. On November 17, 2017 @ 10:20 pm
You may want to think about quoting Harry Dent. He has been completely wrong on many of his forecasts. Two investors I know have lost their wealth following his predictions. The book of his which I read linking demographics to the stock market was pure foolishness. Mr. Dent is so wrong so often that I will do the opposite of what he recommends.