Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. In this column, JWR also covers hedges, derivatives, and various obscura. This column emphasizes JWR’s “tangibles heavy” investing strategy and contrarian perspective. In today’s column, a special look at Overseas Investing and Expatriation.
Precious Metals:
Spot gold and silver both saw declines this week. Silver was hit particularly hard, in trading on Thursday. It was at $22.74 per Troy ounce when I last checked. This could be a good buying opportunity for folks who like to buy on the dips.
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At the Gainesville Coins blog: Why Silver Is a Good Investment in 2023: Unveiling Its Hidden Potential.
Economy & Finance:
It’s official: Student loan payments will restart in October, Education Department says. JWR’s Comment: I predict that the Bidenistas will come up with an excuse to resume the loan payment hiatus in 2024, because it will then be an election year.
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Why It Seems Everything We Knew About the Global Economy Is No Longer True.
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$420 billion in tax dollars intended for COVID relief was lost to waste, fraud, and abuse.
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Over at Zero Hedge: Shocking Housing Starts Data: Economists Blown Away By 11-Sigma Beat After Biggest Monthly Surge On Record.
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From the leftist apologists at Yahoo: Why Biden polls so low on the economy — and what he is trying to do about it.
Commodities:
Reuters: U.S. sweet, sour oil price spread narrows on strong sour demand.
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Tesla’s New Charging Standard Makes Competition Near-Impossible.
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From an industry press release: “Noble Gas Market” Increasing Consumption Propels Forward 2023-2030.
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Central And Eastern Europe Seeks Balance In Ukrainian Grain Trade.
Overseas Investing and Expatriation:
Countries Offering Digital Nomad Visas.
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8 Best Countries to Move to from the USA.
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Buying property in Mexico as a foreigner.
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How To Open and Access an Offshore Bank Account. An excerpt:
“Unlike domestic accounts, offshore bank accounts offer the option of the currency in which you wish to hold your funds. This can be a highly valuable feature of an offshore account, especially if one’s domestic currency is unstable or expected to depreciate.
While that may be an attractive feature, it’s important to understand the consequences of holding your account in different currencies. For example, holding funds in certain currencies may allow you to earn interest on your deposits, but it can also result in tax liability.”
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A short guide for American citizens banking in Canada.
Forex & Cryptos:
Sterling struggles ahead of inflation data and BoE meeting.
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At Currency Thoughts: Central Bank Interest Rates Back in the Spotlight.
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US offers to drop some charges for now against Sam Bankman-Fried.
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Video shows IMF is pushing a global CBDC: Bank Al-Maghrib/IMF-Central Bank Digital Currencies-Role of the public sector in money and payments.
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Brandon Smith: The Reset: When Will Globalists Attempt To Introduce Their Digital Currency System?
Tangibles Investing:
How To Invest In Timberland For Beginners In 2023.
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Foreign ownership restriction likely in 2023 Farm Bill.
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. Thanks!