Here are the latest news 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 SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at investing in antique swords and sabers. (See the Tangibles Investing section.)
News from Canada: June 1, The Hunt Is On For $100K In Gold And Silver. JWR’s Comment: This is a wild golden goose chase, but at least it beats Pokemon Go.
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Gary Christenson: None Dare Call It Nonsense. Here is an excerpt from his essay:
“The Big Picture:
- The world has chosen to use debt-based currencies instead of gold and silver. There are consequences.
- Debt has counterparty risk and currency risk. Gold does not.
- Debt fails when the “full faith and credit” narrative is no longer believable.
- Creditors of sovereign nations should realize they will be repaid ONLY if the debtor nation borrows even more. This is a flawed system.
- History shows that “out of control” spending, excessive debt, and government corruption create consumer price inflation, currency devaluation, and wealth inequality. At the extreme, the value of your savings and retirement denominated in fiat currency units, diminishes or vanishes.”
Economy & Finance:
H.L. sent us this at Wolf Street: US Home Sales Drop, Drop, Drop Despite Lower Mortgage Rates. But Mortgage Applications Jump. What Gives?
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Forex & Cryptos:
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Here is a slightly different perspective on a news item that I mentioned a few days ago: Europe hits 5 banks with $1.2 billion fine over currency trading cartel
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Tangibles Investing (Antique Swords and Sabers):
There is one “niche” collectible that requires a lot of research, before you buy: antique swords and sabers. I recommend that you gather plenty of references and do some study for a month or perhaps two, before you even consider taking the plunge and buying your first investment grade edged weapon. Here in the United States, pre-1919 cavalry sabers are a good investment, particularly it they have provenance to a decorated officer. With sabers, condition alone is not enough to assure a substantial long term gain in value. It is condition plus provenance.
I have found that in addition to reference books on swords, illustrated catalogs of completed auctions with accompanying realized price sheets are key references. These days, with access to the Internet, some complete catalogs are available online. And if you can find a catalog but no realized price sheet, don’t worry. You can almost always find that information online, and print out your own realized price sheet. And even failing that, a phone call to the auction house will usually connect you with someone who is willing to either snail mail you a copy, or e-mail you a scan of the price sheet.
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Some of the biggest arms and armor auctions are run by Christie’s. But remember, it is collectors who buy at the big names auctions, at the tail end of the investing chain. The real “pickers” buy from estates, at guns shows, and at the small auctions, to make money.
SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos page for our detailed disclaimers.
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!