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 buying Remote Retreat Land. (See the Tangibles Investing section.)
Precious Metals:
At the San Francisco Gold & Silver Summit: A ‘Major’ Gold Rally Is Coming, Thanks To The Fed – Jim Rickards
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Gold dips on profit-taking; analysts predict a rebound
Stock Markets:
Amazon Black Friday records push Jeff Bezos’s fortune past $100 billion
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Video from Sven Carlin, at Seeking Alpha: Will The Stock Market Crash In 2018?
Commodities:
Oil heads for best weekly gain in month on Keystone disruption
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Brian Leni: The Nickel Market: Investing Ahead Of The Crowd – Part 1
Forex:
FOREX-Dollar near 2-month low as strong economic data underpins Euro
Economy and Finance:
According to the EC: Autumn 2017 Economic Forecast
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Bitcoin, Bail Ins & Bullion (Mike Maloney)
Taxes:
Next, over at The Motley Fool: Four Things to Know About Charitable Donations and Taxes
Troubling Trends:
And over at Drudge: Gunmaker Remington faces default as Americans buy fewer firearms
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Italian Debt Load Up This Year, Above 130% in 2018, EU Says. JWR’s Comment: If there is another global debt crisis in 2018 or 2019, the collapse of insolvent Italian banks might very well be the triggering domino.
Tangibles Investing (Remote Retreat Land):
Where to buy remote retreat land? This video is an interesting start: Top 10 most secluded towns in America. The creator of this video missed mentioning a lot of even better examples. These include towns like: Shoup, Idaho; Jarbidge, Nevada; Augusta, Montana; Ukiah, Oregon; Winthrop, Washington, or Wright, Wyoming. Check them out in Google Earth. Most of these are a loooong way from the nearest shopping or from an airport with scheduled flights. America still has plenty of Elbow Room, if you take the time to look.
Provisos:
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News Tips:
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 “get the scoop” on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!
I have a friend that left Oregon for Texas a year ago and is very happy!
Re: secluded towns.
Wyoming didn’t make the list????????
I did mention Wright, Wyoming. But there are many other towns in Wyoming that are similarly remote.
Even in Michigan there are remote areas to set up shop, both in the Upper Peninsula and the northern Lower Peninsula. Places where you might find 6 people per square mile (instead of the 3000 per square mile where I currently live). You’ll be 50 miles from an airport, 50 miles or more from a Walmart, and, unfortunately, 50 miles from the nearest hospital. Oh, and your might be 150 miles or more from a Sam’s Club or a Costco.
How about St. James on Beaver Island in Lake Michigan?
One thing missed about bitcoin mining – which is how the transactions get processed – is that it requires a huge amount of electricity
https://www.cbsnews.com/news/bitcoin-mining-energy-consumption/
More than most Redoubt states.
And as more miners come on board, the problem solved as “proof of work” rewarded with a bitcoin becomes harder every few weeks.
One worry is we don’t have the electrical grid capacity for electric vehicles, but it also looks like we might not have it for bitcoin, especially if there is some kind of event.
Remington screwed up royally,to still have debt is dumb but the businessschool grads that run stuff don’t care as long as they get paid and sink the business.
Remington in default? How can that be after Obama was “guns salesman of the year” for 8 years straight? Sounds like Rem hasn’t been handling its money very well. Bad on them — the more gun mfgrs go out of business, the easier it is for the PTB to control them.
Remington is not in default because of declining gun sales as we saw with this year being the largest nics background check number ever on black Friday. As a gun store owner I can tell you it’s from within. They released 3 pistols that absolutely flopped and their quality control has fallen off a cliff in the last 7ish years. This extends to other Remington holdings such as Bushmaster and marlin as well.
One problem with the NICS #s is that last year people were buying multiple firearms and this year they were buying one or two firearms. But the good thing is people are STILL buying. As far as the Bushmaster, if you want the best go and get the Windham Weaponry AR. After waiting the needed non-competition time the guys from Bushmaster are back at it under their town’s name.