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 [1]. Today, we look at places with inexpensive land, and even free land. (See the Tangibles Investing section.)
Precious Metals:
Silver will outperform gold as inflation and economy pick up – Heraeus Precious Metals [2]
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I missed seeing this when it was posted at Business Insider back in January: Silver and platinum will outperform gold in 2021 as the economy recovers and industrial demand supports higher metals prices, says UBS [3].
Economy & Finance:
Credit Suisse execs to depart as bank details Archegos losses – sources [4]
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At Zero Hedge: Visualizing The Plunging Purchasing Power Of The US Dollar. [5]
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Bond Rout Drove Japan Funds to Offload $5.8 Billion of U.S. Debt [6]
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At Wolf Street: Bank of Canada Now Owns 40% of Government of Canada Bonds. Fed a Saint in Comparison. Taper on the Table [7]
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At Global Macro Monitor: Fed Heads Talking 4 Percent Inflation [8]
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Office Slump Gets Ugly in Houston, San Francisco, Los Angeles, Manhattan, Chicago, Washington DC [9]
Commodities:
GM Cuts Production, VW Warns Texas Storms Hurt Chip Supplies As Semi Shortage Hammers Carmakers [10]
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OilPrice News reports: Morgan Stanley: Oil Prices Stuck In $60 Range This Summer [11]
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Tesla’s Biggest Competitor Is Ditching Nickel And Cobalt [12].
Equities:
Reuters: Melt up? More money poured into stocks in past 5 months than last 12 years [13]
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Equities Q2 2021 Fundamental Forecast [14]. JWR’s Comments: The most important chart shows the dramatic jump in bond yields. That alone should convince you that there is no chance of a sustained economic recovery. The higher stock prices that we’ve witnessed are now entirely the result of stimulus spending, NOT any fundamental industrial strength.
Taxes:
New York’s wealthiest look for exits as state readies hefty tax increase [15].
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Up, up, up: California localities raising sales taxes [16].
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Reason: Here’s How Biden’s Proposed Tax Increases Will Affect You [17]
Forex & Cryptos:
Rupee Slips Below 75/USD Level, Logs 6th Straight Session Of Loss [18]
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USD/NOK Remains in Bear Flag; USD/CHF, USD/SEK Break Recent Uptrends [19]
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Ethereum could go to $10K in 2021 and outperform Bitcoin, says veteran trader [20]
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‘Pro-Crypto’ Peter Thiel Warns Bitcoin “Could Be A Chinese Financial Weapon Against The US” [21]
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China’s Digital Yuan Comes With An Expiration Date [22]
Tangibles Investing:
38 Counties Where You Can Buy Cheap Land In 2021 [23]
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18 Places Giving Out Free Land in 2021 [24]
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Gun sales spike after President Biden’s announcement [25]
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos [26] page for our detailed disclaimers.
News Tips:
Please send your economics and investing news tips to JWR [1]. (Either via e-mail or via our Contact form [27].) 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!