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 Argentine Peso. (See the Forex section.)
Precious Metals:
Gold Is Now 85 Times More Expensive Than Silver
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Forex:
Argentina Peso Plunges After Central Bank Head Unexpectedly Resigns. JWR’s Comment: You may recall that a couple of weeks ago, I recommended shorting the Argentine Peso. I expect things to get worse for the Peso, before they get better.
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Turkey’s lira slightly firmer, investors weigh up prospects of better U.S. ties
Economy & Finance:
Trade-war tracker: Here are the new levies, imposed and threatened
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Federal Reserve: Goldman Sachs FOMC preview
Cryptos:
$6.9K Is the New Price to Watch for Bitcoin Bulls
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Indian Authorities Round up on Bitcoin Scammer’s Properties Worth $60 Million
Tangibles Investing:
Measuring Returns on Investment in Collectibles. (Published in 1999, this study is dated, but still instructive.)
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Why Guns Are a Girl’s Best Friend – and a Smart Investment
Provisos:
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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!
“Gold Is Now 85 Times More Expensive Than Silver”
the new normal?
gman,
Probably not. I wouldn’t hold my breath waiting for a correction, but I WOULD be buying physical silver, in 1 oz rounds or bars, preferably from a nearby coin shop where you could pay with cash, nothing trackable or traceable.
“I wouldn’t hold my breath waiting for a correction”
heh, stopped holding my breath for anything years ago. “any day now” …. but I do anticipate a g/s of 5.5/1. any day now ….
That would be one HELL of a correction. Didn’t the G/S ratio used to be set at ~31/1?
The traditional trade ratio of silver to gold was 16-to-1. That matches what is recoverable in mining vis-a-vis the natural existing ratio in the Earth’s crust.
“correction”
more of a reflection of present reality. there’s 5.5 times more gold than silver above-ground at any given moment, and in a major economic shutdown what is readily at hand will be the only metal available for a long time.
“traditional trade ratio of silver to gold was 16-to-1”
historically, sure. conditions have changed.