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 coming Dollar Decline.
Precious Metals (Dollar Decline):
First up–and most importantly–there is this at Zero Hedge: Russia, China, India Unveil New Gold Trading Network. JWR’s Comment: This news is another nail in the coffin for the Petrodollar. In the long term, the U.S. Dollar is losing preeminence as a global commodities exchange currency and reserve currency. Once the Dollar reaches a psychological breaking point, it will be substantially revalued downward. I’ve warned you before, folks: It it time to hedge out of U.S. Dollars and your U.S. Dollar-denominated investments. Tangibles–including silver–will be your safe harbor!
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Stock Market:
Next, this at Seeking Alpha: December 2017 Stock Considerations
Commodities:
U.S. Shale To Surge After OPEC Extension
Forex:
EUR/USD Forecast: December 2017
Economy and Finance:
New RV orders at an all-time high: Hipsters Go Glamping, and RV Makers Soar
Taxes and Regulation:
Tax bill clears Senate in big boost for Trump, GOP
Troubling Trends:
Reader H.L. mentioned this piece over at Zero Hedge: The Government Is Coming For Your Bitcoin
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Reader Gregg P. spotted this: Venezuela to launch cryptocurrency to fight ‘blockade’: Maduro. JWR’s Comment: Oh, so there’s a new blockchain currency software controlled by a failing communist dictatorship, in a country beset with hyperinflation. What could possibly go wrong?
Tangibles Investing:
I missed this when it was posted back in Forbes, back in May: Why Millennials Are Interested In Real Estate Investing
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. (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!
For those who do not have the money to invest in silver, nickels are better than nothing. Most people can afford a $2 roll. After reading Mr. Rawles article about nickles we started saving all of ours and asking for a roll or two when we visit our bank. We also save all of our pre 1982 pennies. We may not come out the other side of this wealthy, but we might be able to fill in the gaps of our preps while going through it.
They are also multipurpose,cans of rolled coin or bags of loose make a ballistic barrier and are difficult to steal(too bulky to move economically)
For investment, go buy a silver dollar at a time. Another option is to go get an HE Harris collection book for a couple bucks. Cover your activities by your kid or grand kid working on their collection.
Zinc and copper are only valuable in terms of utility.
I read somewhere that the petro dollar has to go if the US becomes the dominant petroleum producer. The petro dollar was our offer of a one world currency through the back door. The elitist agenda is being repudiated everywhere.
Personally not worried about the petro dollar. As long as we have the rule of law here people with money will come for sanctuary.
Kind of depends on who is writing the laws and who is enforcing them. Also if the laws as written and enforced are moral and just. You can have the “rule of law” and still have a totalitarian state. We’re getting there much too fast.
Absolutely Charles K. Much is troubling but it is far worse in other places. Surely it is time to stand up and be counted to get this going the right way.
I’ll also interject that the precious metals market seems a lot like a puppet show. Surely it is a store of value but it is not where you go to make gains month in and month out. JWR’s advice to stock up on utility stuff and the practical to build, repair, replace or expand is where your money should be. Clearing out debt and making sure you can pay property tax are the two big goals.
I also save all my nickels. We don’t sink a lot of money into them, but we have a few. I also watch thrift stores for silver silverware. It isn’t a huge investment, but it’s something. This column has highlighted many different investment perspectives, but I think that farming tools are important, along with the knowledge of how to use them. So we often say that most of our money is in iron and steel.
If the petrodollar system breaks down, it will probably happen very quickly — weeks, not months. JWR is right — buy your tangibles now. If you’re buying with small amounts of money, buy pre-1965 US silver coins — “junk” silver. The biggest imponderable here is whether, in the face of the major inflation that would occur after post-petrodollar dollar devaluation, the government seeks to confiscate all gold and silver coins.