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 small business owners choosing to not re-open. (See the Economy & Finance section.)
We’ll start out wit this news from Zero Hedge: “The Largest Ever Physical Transfer Of Gold”
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Arkadiusz Sieron: Will The Fed Trigger Inflation This Time, Boosting Gold?
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Just as I predicted, the silver-to-gold price ratio has recently dropped from 118-to-1 down to around 97-to-1. But I still consider silver a relative bargain. Therefore, I recommend that my readers do some comparison shopping to find a local dealer that sells silver a low premium, over spot. Ideally, find one that is willing to directly ratio trade your physical gold for their physical silver in one transaction. Don’t wait until the ratio drops to 70-to-1, to do this!
Economy & Finance:
NBC Chicago reports: Small Businesses Suffering After Riots, Coronavirus Pandemic. JWR’s Comments: Put yourself in the shoes of a typical “Mom & Pop” small business owner, who is now looking at a fire-damaged store with smashed windows, empty shelves, a huge mess on the floor, and a new, much higher business insurance quote. What is the motivation to rebuild, re-stock, and re-hire? I suspect that many will just choose to retire early, or switch to Internet-only sales, or simply take up another line of work.
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OilPrice News reports: U.S. Oil Drillers Restart Production As Prices Recover
The New Economy and Geography:
Remote Work’s Time Has Come. Here is a snippet:
“Change is clearly under way. Between 1960 and 2000, the share of non-farmworkers working full-time from home never topped 3.5 percent. Since 2000, their share has risen steadily, to 5 percent in 2017—and the gain is almost entirely explained by remote employees, not self-employed entrepreneurs working out of their homes. Strikingly, the share of remotes is even greater for higher income brackets: 7.9 percent of those earning more than $75,000 yearly work off-site. “
With widespread rioting and looting now plaguing America,once again gun buyers are queuing up (with social distancing) outside of gun shops. So we can expect the shortages of handguns, ARs, and repeating shotguns to continue for many months. Some time ago, I recommended stacking Glocks and M&Ps deep in your gun vault. If you took that advice, then you made a fine investment. And for those of you who live in states with bans on private party sales of modern guns (so-called “Universal Background Checks”), I suggest that you look for practical pre-1899 antique guns that are chambered for cartridges that are still factory made. I have a few suggestions. For rifles: 6.5 x55 Mauser, 7×57 Mauser, 7.5×55 Swiss, 7.62x54r Russian, .30-30 Winchester, .44-40 Winchester, .45-70 Government, and .30-40 Krag. For handguns: .38 S&W, .38 Long Colt, .41 Long Colt, .44-40 Winchester, and .44 S&W Russian. Consider those guns your long term insurance against both against inflation and any additional gun legislation. Oh, and of course they can also be considered non-expiring life insurance. My Elk Creek Company biz is now on travel hiatus, but you can e-mail me, to set aside any gun that you want order when we re-open on July 2nd.
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!