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 silver investing. (See the Precious Metals section.)
Precious Metals:
Gold Price Forecast – Gold Markets Get Hammered Again
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Silver price analysis in January 2021: buy the recent weakness? A snippet:
“Silver ended 2020 near the $27 an ounce level and this implies it was trading at its highest levels since September.
The bullish case for silver in January 2021 and beyond is based on the assumption that the rollout of the Covid-19 vaccine will proceed without any major setbacks. If successful, the global economy will rid itself of the virus that served as the most noteworthy headwind in many decades.”
Economy & Finance:
At Wolf Street: After 17 Years of Falling Ticket Sales, Movie Theaters Got Annihilated in 2020
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“A Huge Reversal” – Louis Gave Warns “Inflation Will Come Back With A Vengeance”
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And, thanks to reader Chris M., some “Don’t call it inflation” news, over at ForeverStampPrice.com: The Jan. 24, 2021 USPS Rate changes:
– One Ounce Forever Stamp remains $0.55
– Additional Ounce Forever Stamps: significant increase from $0.15 to $0.20
– Two Ounce Forever Stamps: significant increase from $0.70 to $0.80
– Three Ounce Forever Stamps: significant increase from $0.85 to $1.00
Commodities:
China’s commodity imports saved 2020, this year may be different: Russell
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OilPrice News reports: New Lockdowns In Europe Put The Brakes On The Oil Demand Rebound
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At Wolf Street: Update on the WTF Collapse of Gasoline & Jet Fuel Consumption: The Holiday Period
Derivatives:
UK Bans Sale of Crypto Derivatives to Retail Investors from January 2021
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Forex & Cryptos:
US Dollar Price Outlook: Emerging Market Currencies Face Rising Treasury Yields
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Dollar resumes rebound from multi-year lows
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Strap in: New institutions wait for Bitcoin price rollercoaster to end
Tangibles Investing:
Real Assets in Challenging Times
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I Put Half Of My Net Worth Into These Investments For 2021
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos page for our detailed disclaimers.
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 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!
Metals: Anything to do with this topic catches my attention.
Since 1984, I have been into silver. The fever started one July day in 1984, shortly after my move to Boulder Colorado. On 28th St, there was a business called “Tebo Coin”. I had passed by the business numerous times before I finally stopped. Old coins had been an interest to me, even at an early age. I remember going through pennies, picking out the “wheat pennies” and trying to find silver nickels. Of course finding a silver dime, quarter, or half dollar was always a treat.
So, I parked the car and walked into the coin shop. As I entered the small shop, I was amazed at all the display cases containing coins. The selection was spectacular! Each of the cases I admired were full of treasures that I would have loved to have. As I window shopped from case to case filled with coins, I approached a case that had some gold coins and silver bars and rounds. The Englehard & Johnson Matthey silver bars were something I had never looked at or heard about. As I was studying them and trying to figure out what they were, one of the clerks offered to assist me. So I asked what they were. He explained in simple detail (which was kind of over my head) what they were and that the purchase price was subject to change, several times throughout the trading day. Even though the year was 1984, I had seen a few movies & shows on TV about gold bars, so in my mind, I applied the concept that silver bars were like gold bars, only cheaper.
I always tried to stick to the rule to never leave a place empty handed. Twenty dollars was about all the fun money I had at the time. Spot price was around $7.00 an ounce, with a fee of about $1.50 an ounce over spot. My purchase was two once ounce Englehard bars. The clerk told me that any time I wanted to check the worth of the bars, I could call their number and get a recorded message (303-449-GOLD).
That was when I started. To this day, I’ve continued to purchase metals, when I can. Since I made that first purchase in 1984, I’ve learned so much; however, I still have much to learn. Thank you for sharing the links to these reports in Economics & Investing For Preppers.
Agape!
So the question is Mr. Ree: Do you still have them?!
The postal service is no longer a reliable delivery service. It took two weeks for a card sent to me from Florida to arrive, and two weeks for a check sent to me from the next county over to arrive. The local weekly paper, which literally gets dropped off at the post office one town over, has to travel to the next county south of us, to get brought back to my local office. I never, ever, get it the same week it comes out. Every time I call to complain, the postmaster (who changes every 6 months), blames the system. What a joke they’ve become. Franklin must be spinning in his grave.
re the USPS, you’re not kidding. Over the last month or so I’ve been getting mail about every three days. So far, the last mail I received was last Saturday.
There is a package I’ve been waiting for since December. Checking the tracking number every night, they keep moving the delivery each day. It started out as !/12. Now all it says is “In transit”.
I get the same answer when I complain as you.
I could care less about the junk mail, but when my bills arrive late, let’s just say I’m not a happy camper.
It has become far more inefficient since the closure of some of the smaller places back during the W administration. The displaced ‘bulk hub’ mentality has greatly added to this downfall because it takes away the amount of flexibility to get the goods to where they should logically go to first.
Today’s quote regarding investment.
“To plant a garden is to believe in tomorrow”
Audrey Hepburn
Carry on
Will The Fed Destroy The Dollar? (Danielle DiMartino Booth & Axel Merk)
(YouTube Video, 29:06)
Danielle DiMartino Booth
Jan 2, 2021
https://www.youtube.com/watch?v=UtEeOoqqS74
Automated Inflation discussion, https://youtu.be/UtEeOoqqS74?t=1334
They know you want it, and when you want it…
Amazon inflation indicators, your order history…
Speaking of investment, Bill Gates is now the largest owner of farm land in the United States at 242,000 acres in 18 states.
https://www.dailymail.co.uk/news/article-9152789/Bill-Gates-biggest-owner-FARMLAND-buying-242-000-acres.html
B G. and company are trying to buy my ranch ,27,000 acres. And making life difficult , in Idaho,,you still using Windows” ?????
Egads! Talk about B.G. being a greedy bully. What right does he have to make your life difficult? Grrrr…
Best wishes and prayers for you, DW and family as you defend your ranch!
Jim said, “That all you have to say to BG is, ‘I don’t have to sell to Democrats.'” This is perfectly legal.
A little off topic but this really weird. Early this morning I was making a comment on another
website and this iPad which is our only access to the internet would not let me type the words Prepper or Survival.
Something is really amiss. Anyone have any ideas?
A lot of inflation was held to a minimum by exploiting the Economic Slave Laborers in other countries; particularly China. … But now, an enormous amount of USA wealth is owned by the Chinese Communists; including many US Politicians, and the USA political voting machines used in our elections.
Until recently, the Republicans and Democrats didn’t different on many things; especially patriotism. … Plus, everyone wanted good paying jobs here in the USA.
Either we were insane when voting, or our politicians were lying to us.
“Insanity Is Doing the Same Thing Over and Over Again and Expecting Different Results”
Here we are 1/15/2021. Trump has to make some arrests of crooked politicians (The Uniparty) or we better have some good preps.
I see where Bill Gates is buying Farmland.
Also, I’ve read where Bill Gates and his cronies are cogitating on sending a large amount of small reflective particles up into the atmosphere. The idea is to block some sunlight to stop the canard of Global Warming.
What could happen when human ‘experts’ instead of God start modifying the weather?
I already have a stash of long underwear, but maybe I should buy some more long-johns ~ tomorrow!
Bill Gates is a scary creature. I don’t even like to think of the danger these super rich cause and can cause. We all must Pray. We need to help keep small businesses in business before all we ha e is Amazon Walmart etc. As far as silver coins, I started as a very small child. Picking silver and then after 1964 searching.
oldhomesteader…sound like a real life yellowstone !
From now on I will shop on Amazon for the product I want, but then go directly to the company to purchase it. Takes longer in shipping time but I have found it to be the same cost and sometimes cheaper. The only way we can make these big tech companies to listen is by hitting them in the wallet
Meeemo, your approach is sound. I wonder when big is too big.
I am choosing to simply buy less stuff and keeping my purchases local, with an eye toward, “Is this a good investment?”
Carry on