Economics & Investing For Preppers

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 tangible Bitcoin hedges.  (See the Tangibles Investing section, near the end of this column.)

Precious Metals:

Gold Prices See Little Movement As Inflation Rises To Highest Level In A Year

Stocks:

Trade war watch: These are the U.S. companies with the most at stake in China

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Amazon’s stock set for worst week, month in two years

Commodities:

BNN (Canada) video:  Commodities Update

Forex & Cryptos:

As predicted by SurvivalBlog, conintinuing U.S. Dollar weakness: Euro / Dollar Rate on Course for 1.25 and Beyond: MUFG and TWP

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The price of one Bitcoin (BTC) rose to around $8,900 USD last week, but since then it has sagged to around $6,850.  If it tests $6,500 in the next week then we might see a plunge to somewhere south of $4,500 per BTC. The upside, you ask?  Not much for now. Every time Bitcoin has approached $9,000 in the past few weeks, it has been hammered down by concerted selling. It has been reported that fewer than 1,000 people own more than 40% of all the Bitcoin in circulation. When one of those BTC Billionaires has an automatic sell order in place, then Bitcoin has a firm ceiling. And I’m fairly confident that at least one of these rich technogeeks presently has a $9K automatic sell order set. My suggestion: Keep your BTC positions small, at least for now. For those holding more than a few BTC, it is probably time for some tangible Bitcoin hedges.  (See the Tangibles Investing section, below.)

Economy & Finance:

Reuters reports: Venezuela knocks three zeros off ailing currency amid hyperinflation

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Brandon Smith: The Real Reason Why Stock Markets Will Continue To Crumble This Year

Tangibles Investing (Tangible Bitcoin Hedges)

Are you are planning to diversify out of Bitcoin into some tangibles? Then buy physical silver, guns, AR parts, ammunition, and full capacity magazines. Some American companies that I’ve heard are willing to accept Bitcoin for payment include:

• Central Texas Gun Works in Austin, Texas. They have a great selection of guns, knives, ammo, and optics. They also offer a variety of complete AR uppers. The store’s owner is the well-spoken Michael Cargill.
• Defense Distributed in Austin,Texas (makers of the Ghostgunner milling machine and some great 80% billet AR-15 and AR-10 lowers.)
• Davidson’s Guns in Henderson, Nevada (near Las Vegas.) They prefer walk-in business, but will also do some phone/e-mail orders.
• Bold Arms in Arizona. They specialize in AR-15 parts.

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!