Queen Elizabeth II died, but King Dollar is the strongest in decades. Gold doesn’t like it. To say that gold has been struggling this year is an understatement. As the chart below shows, the price of the yellow metal declined from above $2,000 to below $1,700 (as of September 20). That slide occurred during the highest inflation since the great stagflation of the 1970s.
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 a cleverly simple penny sorting device. (See the Precious Metals and Base Metals section.) Precious Metals and Base Metals: Reader Jeff K. sent a link to a video showing a brilliantly simple and inexpensive solution to copper penny sorting: The Home-Built Magnetic Penny Sorter. o o o Weak electronic …
Editor’s Introductory Note: This article by Brandon Smith was originally published at Birch Gold Group. It is reposted with permission. — Though the situation is ever changing, currently the Russian government has announced an official shutdown of all natural gas exports to Europe through the Nord Stream 1 pipeline and plans to maintain the shutdown until the EU ends its economic sanctions over the war in Ukraine. This means that around 40% of Europe’s energy resources are now gone, with supply chain issues surrounding the other 60% and prices skyrocketing for households and businesses. Back in March in an article …
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 collapsing stock share prices. (See the Economy & Finance section.) Precious Metals: Why selloff in gold is not over: $1,600 danger zone for gold price. o o o Even a Weaponized Dollar Won’t Stop Gold’s Historical Turning Point. Economy & Finance: CNBC: Dow drops nearly 500 points to close …
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 de-dollarization. Precious Metals: World’s Largest Hedge Fund Makes The Ultimate Case For Gold. o o o Over at Gold-Eagle.com: De-Dollarization Happening Now, Gold & Silver Being Drained! – Andy Schectman & Ninja o o o Tom Luongo: Here’s How Far the Fed will Hike, & How Gold & Silver …
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 demand for Queen Elizabeth gold and silver coins. (See the Precious Metals section.) Precious Metals: QTR: Gold And Silver Are Disappearing From Vaults Worldwide. And here is another perspective: London Silver Inventories Continue To Plummet As Metal Exits LBMA Vaults. o o o Queen Elizabeth’s Death Puts Squeeze …
Inflation is the primary game plan of governments and central banks. Its effects have left their mark on societies throughout history. As the effects of inflation continue to dominate headlines, financial and economic activity is scrutinized and analyzed with the intent of planning, projecting, and predicting it. Most people think they understand inflation – they don’t – but for now, let’s look the other way. There is a triple-decker bus coming straight at us. DEFAULT Default can happen three different ways: 1) Credit default 2) Bank failures 3) Asset price collapse Universal credit default happens when individuals, corporations, and countries …
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 overhang of European energy derivatives. (See the Derivatives section.) Precious Metals: Silver prices see short squeeze, testing resistance near $20, up 6% on weak dollar. o o o As expected, the silver-to-gold ratio is reversing. When I last checked (on Thursday, September 15, 2022) the ratio was down …
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 developing economic downturn, that may turn into a trainwreck. (See the Economy & Finance section.) Precious Metals: We’ll start off with this video from Mike Maloney: The Trigger For a Post Dollar World. o o o Gold Forecast: Prices Could Weaken Further Before Bottoming in September. o o …
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 shocking increases in new car and truck prices. (See the Inflation Watch section.) Precious Metals: When it dipped to just $17.97 per Troy ounce on September 6th, I believe that silver reached — or was very near — a “capitulation” bottom. As of Friday morning (9/9/2022), spot silver …
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 Electric Utility All-Terrain Vehicles (UATVs) for retreats. (See the Tangibles Investing section.) Precious Metals: Gold is Poised to Move as the Euro is Now Cheaper than the USD. o o o The Best Historical Comparison for Gold & Silver. Economy & Finance: This move is indicative: Walmart cancels billions …
I have read and watched a lot of commentary on the Inflation Reduction Act (ironically abbreviated IRA) recently signed into law. I was most interested in the $80 billion added to the IRS budget and the addition of 87,000 IRS employees — mostly agents — effectively doubling the number of IRS agents. Treasury Secretary Janet Yellen made the following statement: “Specifically, I direct that any additional resources – including any new personnel or auditors that are hired – shall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to …
Editor’s Note: This article, selected by JWR, was first published by Sunshine Profits, and is reposted with permission. — The FOMC hiked rates by 75 basis points in July. However, the recession drums are getting louder, and gold likes such music. Another large interest rate hike! The Fed raised the federal funds rate by 75 basis points to 2.25-2.50%. It was the second such big move in a row, making the current tightening cycle the steepest in modern history. So, the Fed must be hawkish now, right?
Welcome to SurvivalBlog’s Precious Metals Month in Review, where we take a look at “the month that was” in precious metals. Each month, we cover gold’s performance, and the factors that affected gold prices. What Did Gold Do in August? This was a rough month for gold, as central bank rate hikes sent the dollar to 20-year highs and US markets began to think that inflation has already peaked. The Bank of England raised interest rates by 50 bp as expected on August 4th, but its forecast of a 15-month recession starting by the end of the year AND 13% …
In recent months, I’ve had several consulting clients ask me about how they might protect themselves from the ravages of inflation. The official rate of inflation is now at 9.2%, but everyone knows that the real-world rate is somewhere north of 14%. I’m offering some concrete suggestions that I will relate in this essay, but first, let me digress into some history: According to the Wikipedia article about the WIN campaign: “[President Gerald] Ford had taken office in August 1974 amidst one of the worst economic crises in US history, marked by high unemployment and inflation rising to 12.3% that …
