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 Great Britain’s voter-mandated exit from the European Union (commonly called Brexit).
When it comes to 2018 investing, ‘boring’ is better, portfolio manager says (Has auto-start video.)
Economy and Finance (Brexit):
Kiplinger: Rates Due for Moderate Increase
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UK, EU claim Brexit breakthrough; eye talks on future ties. JWR’s Comment: It is absurd that the interval between the Brexit vote and actual independence will take more than three years!
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I’m venturing out on a limb to make a couple of predictions about the future of Bitcoin. No, I won’t venture a guess on what a Bitcoin will cost at this time next year. But I will predict: There will be some huge swings in Bitcoin valuations. Perhaps on the order of 20% to 30% swings in value, in just a single trading day. 2.) There will be so much envy and such a profound feeling of regret among people who feel that they “missed out” that there will want retribution. This will come in two forms: A.) Legislation from statist politicians, and B.) Hackers who write worm-like viruses that wander through computers attached to the Internet, seeking to corrupt, delete, or copy “wallet.dat” files. Consider yourself warned. Do NOT regularly store you wallet.dat file on your Internet-connected PC. Instead, keep several redundant copies on USB sticks. And store at least one of them in a very safe place so that you won’t lose it, even if your house burns to the ground.
Troubling Trends (Brexit):
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Beef magazine: Seven keys to ranch profitability
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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!