Economics and Investing:
I’m sure that most SurvivalBlog readers watch precious metals prices closely. Friday on the COMEX was amazing: Spot gold at $1,486.40 per ounce and spot silver at $43.05 per ounce! At this point, it is best to wait for a big retracement before buying any more. Big banks are government-backed: Fed’s Hoenig Reader G.P. suggested this Daily Mail article: $5 gas by summer? Prices near $4 a gallon as frugal Americans cut back at the pump (and some even start stockpiling food) Goldman Sachs Calls the Top in Oil and Metals: Clients Advised to Close Positions. JWR’s Comment: Given the …