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 .50 BMG Raufoss explosive ammunition.
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Jim Wyckoff asks: Where are the Stops?
Economy & Finance:
It appears that the Federal Reserve Board of Governors will be raising interest rates by 1/4 of 1% again soon. (They just held an expedited closed door meeting on March 12th.) These clowns keep citing “rising wage pressure” , and raising rates. But that excuse is essentially a canard, since wage inflation has still not caught up with price inflation!
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Reader H.L. spotted this: The CRASH Of Toronto’s Housing Market Is Epic! – What You Need To Know
Tangibles Investing (Raufoss Ammunition):
In this column in September, 2017, I mentioned that scarce .50 BMG Raufoss explosive armor penetrating ammo is a good investment. The projectiles of this ammo actually explode on contact. The BATFE classified this ammo as legal for civilian ownership, because the amount of RDX explosive in each projectile is just below the legal threshold of a “destructive device.”
I bought most of my Mk. 211 Raufoss ammo for $55 per round, back in 2013. That seemed high to me at the time. However, I just heard that as of March, 2018 .50 BMG Raufoss is selling at gun shows for $95 per round! But even at that price, it is a good investment, since I don’t expect any more of this ammo to be released as military surplus. We haven’t seen the top of the market yet, for Raufoss!
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