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 currency revaluations real and rumored–in Venezuela, Vietnam, and Iraq. (See the Forex & Cryptos section.)
Precious Metals:
First up, there is this, posted over at Gold-Eagle: UBS is calling for lower levels in gold.
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Afghanistan tensions and gold, here’s what to watch for – MKS PAMP Group.
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A video interview: $50 silver price, $2,300 gold are next, but not before this happens first – Patrick Karim.
Economy & Finance:
US Treasury Freezes Billions In Afghan Reserves, Depriving Taliban Of Cash.
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In The WSJ: Fed Officials Weigh Ending Asset Purchases by Mid-2022.
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US Economic Growth Suddenly Collapses, As Even Goldman Says “Not Good”.
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Commodities:
H.L. sent us this: Lumber prices have tumbled 70% in the last 14 weeks as record-setting demand slows.
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Deep Sea Mining Is An $8 Trillion Opportunity.
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Chinese Miner To Invest $2.5 Billion Into DRC Cobalt Project.
Inflation Watch:
US Inflation Increases Again, Continues at Record High.
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Inflation wiped out America’s pay raises.
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Higher Inflation Is Here to Stay for Years, Economists Forecast.
Forex & Cryptos:
At Currency Thoughts: Equities Down but Dollar Stronger as U.S. Retail Sales Take a Hit.
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A million to 1: Venezuela’s currency losing 6 zeros.
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And speaking of revaluations, it is still rumored that the Vietnamese Dong will go through a revaluation — possibly before the next Tet.
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And there are also persistent rumors surrounding the Iraqi Dinar.
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The Senate’s infrastructure cryptocurrency fight was just the beginning. JWR’s Comments: The U.S. Treasury and the Fed banking cartel will undoubtedly come down hard on all private cryptos, especially in the months leading up to the introduction of a U.S. sovereign crryptocurrency.
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US State Department offers up to $10 million in crypto rewards to white hat hackers.
Tangibles Investing:
Ammo Prices Falling? Yes, But Good Luck Finding The Bullets You Need.
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Ammo Shortage: What You Can Do About It.
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I just heard about the new S&W M&P 12 bullpup shotgun. With its dual magazine tubes, it holds a lot of shells, and it can even reliably feed Mini-Shells–and with those, it holds 20 shells! Based on an initial review, I have a feeling that this will be a very popular shotgun. I’ll be chomping at the bit, waiting to find one of these to buy on the secondary market.
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!