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 the worsening shortage of ammunition and magazines in the United States. (See the Tangibles Investing section.)
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Economy & Finance:
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At Zero Hedge: Ron Paul: Debt Is The Real Pandemic
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Commodities and Transport:
H.L. sent us this: “I’ve Never Seen Anything Like This”: Shippers Using West Coast Ports Can’t Book Rail On BNSF And Union Pacific. JWR’s Comment: Note that this shortage of transport is not because of higher volume. Rather, it is due to fewer available railroad operating crews.
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OilPrice News reports: Saudi Aramco Is Now Suffering The Consequences Of A Failed Oil Price War
Nationwide shortage of homes for sale, with California the epicenter. JWR’s Comment: What is under-reported is the lopsided supply and demand in a rural locales like north Idaho, western Montana, Michigan’s Upper Peninsula, and the Cumberland Plateau. In these places, houses, farms and small ranches sell almost immediately after being listed, often with multiple offers.
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Empty shelves! The worsening shortage of ammunition and magazines in the United States is cause for alarm. Just as I had predicted, the shortages are spreading to rimfire ammunition, and even once-common deer hunting cartridges such as ..243 Winchester, .30-30 Winchester, and .270 Winchester. Thankfully, many of the obsolete or semi-obsolete cartridges (such as a 7×57 Mauser, 8×57, 6.5 x55, 7.5×55 Swiss, .45-70, and .30-40 Krag) can still be found. But stock up, even on those! They too will soon be in very short supply. Ditto for reloading primers. I’ve heard that primers are already in short supply at the larger retailers. I’m fairly confident that this shortage will spread to the small-town gun shops, soon. So if you are a handloader, then stock up on primers!
Likewise, I strongly recommend that you buy a big barter supply of original military contract or original factory-made common magazines: M1 Carbine, AR-15, AR-10, M1911, Glock 17, SIG P320, Ruger P85, M14, FAL, HK G3, AK-47, and any favorites in your local area. If you can find them at bargain prices then even buy magazines for guns that you don’t own. There may soon come a day that people won’t be willing to accept any amount of cash for magazines or ammunition, but they will probably accept some magazines, in trade.
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 items from local news outlets that are missed by the news wire services are especially appreciated. And it need not be only about commodities and precious metals. Thanks!