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. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at Mosin Nagant carbines. (See the Tangibles Investing section.)
It is Friday the 13th, but I’m not superstitious. In fact, I’m wary of any day, in the frenetically-paced 21st Century global markets! Things can go badly very quickly, so keep your investments diverse, hedge into tangibles, set some firm stop loss orders, and be ready to move funds very quickly!
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Arkadiusz Sieroń: This Is What First Lagarde’s Speech Means For Gold
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At Zero Hedge: Fiat’s Failings, Gold, & Blockchains
Economy & Finance:
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At Wolf Street: Fed Goes Hog-Wild with T-Bills, But Repos Drop from a Month Ago, and MBS Shrink by $22 Billion
Derivative Risks Rising: Sell-Off in Interconnected Mega Banks and Insurers. JWR’s Comment: I advise folks to watch the unfolding crisis at Deutsche Bank and its insurance company partners very closely. This could very well prove to be the model for what will happen to American banks and insurance companies with large derivatives portfolios. As I’ve warned my readers since 2006: Everyone worries about stock market collapses, but the much greater threat would be if global derivatives were to implode.
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Election results: Boris Johnson to win biggest Tory landslide since Thatcher as poll claims 86 majority. JWR’s Comment: I just heard on Sky News that the Labour Party will now hold their smallest number of MP seats since 1935! This of course will make Brexit almost a certainty, so we can safely expect to see a jump in the value of British Pound on the Forex markets. I hope that some of you readers took my advice and hedged into Pounds.
Tangibles Investing (Mosin Nagant Carbines):
One gun category that I should mention for both investors and practical shooters is Mosin Nagant carbines. Chambered in the powerful 7.62x54r cartridge–on a par with the oft-touted .30-06–these handy bolt action guns are still moderately priced. The once huge supply of military surplus ammo in sealed ComBloc spam cans had dried up. But there is still a sufficient supply out there, making these carbines relatively affordable to shoot. It is noteworthy that both Winchester and Privi Partisan (of Serbia) both make non-corrosive 7.62x54r ammo with Boxer primers that it is reloadable.
Gun vlogger Hickok 45 produced a good video primer, showing the most common Mosin Nagant Carbines. And don’t miss seeing Jerry Miculek shooting a Mosin carbine at 300 yards.
My personal favorite Mosin carbine conversion is the Czech 91/38. This is because the post-war Czechoslovakian carbine conversions can often be found built on pre-1899 Czarist-era hexagonal receivers–making them Federally exempt! Another great one–although now sadly getting over-priced–is the Finnish Model 39, which is slightly longer. (One of these is pictured, at the top of this column.) These too can sometimes be found built on pre-1899 hexagonal receivers. Note that you will have to disassemble a Mosin to check the date stamped on the tang, to be certain that it is pre-1899 production.
Because these are hard-kicking guns, I highly recommend adding an inexpensive slip-over-recoil pad. By using one of these, you will save your shoulder, but you won’t ruin the carbine’s collector’s value and hence the eventual resale value. (Please don’t saw your stock, to install a standard recoil pad!)
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 closely watch specific markets. If you spot any news that would be of interest to SurvivalBlog readers, then please send it in. News from local news outlets that is missed by the news wire services is especially appreciated. And it need not be only about commodities and precious metals. Thanks!