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 the dying currencies of the present day.  (See the Forex section.)


Precious Metals:

John Rubino: Spectacular Gold COT Report: Prepare For A Huge Six Months

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Gary Wagner of Kitco: You Say Good Buy, I Say Heck No



Next, from David Borun, at Zacks: Is Elon Musk Crazy, or Crazy Like a Fox?

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At the Charles Schwab site, Randy Frederick opines: Trader’s Outlook for August 10, 2018: Technical resistance strikes again



Bitcoin Dominance Rate Hits 50% For First Time in 2018

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Bitcoin and Ethereum Fall Substantially in $18 Billion Crypto Market Wipeout


Forex (Dying Currencies):

Following in the footsteps of the Zimbabwean Dollar and the Iraqi Dinar, we read the following news of gross over-printing of national currencies:

Death of the Venezuelan Bolivar? Venezuela says postponed currency overhaul now set for Aug. 4. Here is a snippet: “Venezuela’s annual inflation is now close to 14,000 percent, according to the opposition-controlled legislature, as the country’s socialist economic system spirals downward.


Venezuela Inflation Could Reach One Million Percent by Year’s End

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Death of the Iranian Rial? Iran’s rial plummets to record low as US sanctions loom. “Unofficial rate stood at 102,000 rials to the dollar by midday as Iranians worried about a prolonged economic downturn turn to dollars as a haven”

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Death of the Turkish Lira? Lira collapses as Erdogan tells Turks: They have ‘their dollars,’ we have ‘our god’. (Meanwhile Turkey has racked up enormous debts, has high unemployment, a moribund stock market, and deteriorating sovereign credit rating at BB and “negative.”)

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Trouble for the South Sudanese Pound? South Sudan’s new 500 pound note unlikely to stem inflation


Tangibles Investing:

Here is a four minute video clip that shows the wisdom of a “buy and hold” approach to fine Swiss watches: Antiques Roadshow: Swiss Watch Collection, — watches circa 1970



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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!


  1. Some Wall Street Normies also say Gold looks good going into year end.

    On a side note, the debt service is now half a trillion dollars. Thats just the interest payment. That’s 500,000,000,000 dollars. I (don’t) wonder who will be forced to pay these bills?

  2. Gold is becoming a expensive paper weight. These news reports timing are perfect.
    Gold broke down below the $1200 dollar threshold today. And yet the news is gold is ready to spike up, yeah right.

    The US dollar is gaining value when other experts have stated for the last couple of years it’s going to collapse.

    1. Skip, Gold is forming a pattern here. It’s called a bullish Shark Harmonic. It’s not perfect but depending on the length of the setup, generally on a medium term of 3 to 6 months it can be an effective data point to include in your consideration when balancing a well planned strategy, age and situation dependent of course. I know it just dropped. It’s beginning the completion of the pattern, the setup. I said last week that it had another leg lower. The main drawback to this pattern, like many strategies is that ‘everybody’ knows about it. Investing real money is not for broke or indebted people or those prone to fits of emotion. Stay calm, set long term goals, make a plan, and stick to the plan.

      (I’m not a pro and currently don’t hold any stocks in gold or associated ETFs. I may or may not own silver and at times have owned junior gold miners and gold ETFs. Get pro help if you want/need it.)

  3. Thanks Fred. I do have long range plan. I am blessed beyond measure.

    However gold is an interesting product. It is real money and it use to be stable. Now if someone hiccups on Wall Street or the Fed Chair and gold nose dives.

    I am playing the long game but gold like any money does no good if it stays locked up.


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