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 Gathering Financial Storm of Inflation. (See the Inflation Watch section.)
Precious Metals:
First up, over at MarketWatch: Why Basel III regulations are poised to shake up the gold market. A quote:
“Under the new regime, physical, or allocated, gold, like bars and coins, will be reclassified from a tier 3 asset, the riskiest asset class, to a tier 1 zero-risk weight —putting it “right alongside with cash and currencies as an asset class,” said Adam Koos, president of Libertas Wealth Management Group.
Since physical gold will have a risk-free status, this could cause banks around the world to continue to buy more, Koos said, adding that central banks already have stepped up purchases of physical gold to be held in the institutions’ vaults, and not held in unallocated, or paper form.”
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I’m a Gold Bug—Because I’ve Seen Real Inflation and Devaluation.
Economy & Finance:
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The Moment Janet Yellen Moved for ‘Greasing the Wheels’ with Inflation.
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At Wolf Street: Is this the Reversal of Exodus-Triggered Plunges & Spikes of Rents? Mmmm-maybe.
Commodities:
Pigs Are Hotter Than Bitcoin—Or Why Commodities Are 2021’s #1 Investment.
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OilPrice News reports: U.S. Shale Eyes A $60 Billion Year.
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Inflation Watch:
Reader R.B. spotted this: The Gathering Financial Storm of Inflation. Here is a quote that may evoke a slight ring of reminiscence to anyone who has read my first novel, Patriots:
“It’s no wonder this is happening. As a recent Deutsche Bank report ominously put it: “US macro policy and, indeed, the very role of government in the economy, is undergoing its biggest shift in direction in 40 years. In turn we are concerned that it will bring about uncomfortable levels of inflation.”
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Kyle Bass Slams Fed, Sees Inflation Everywhere He Looks.
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Alasdair MacLeod: Inflation, Asset and Consumer Prices.
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Pay More, Get Less: Consumer Income & Spending Chewed Up by Red-Hot Inflation.
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Cryptos:
Ricardo Salinas Pliego: Bitcoin “Should Be Part Of Every Investor’s Portfolio”.
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Binance to cease operations in Ontario following regulatory crackdown.
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South African brothers disappear with $3.6B in bitcoin in alleged heist.
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Parabolic Bitcoin Indicator Points To Dangerous Collapse To Below $20K
Tangibles Investing:
As Stick Shifts Fade Into Obscurity, Collectors See Opportunity.
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Used Truck Prices Are Exploding On Feverish Demand And Lack Of Supply.
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America’s Largest Landlord Just Got Bigger: Blackstone Buys 17,000 Houses For $6 Billion.
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 or 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!