Economics and Investing:

A disaster in the making: Pension Benefit Guarantee Corporation Running Out Of Cash, Millions Affected – H.L. o o o Systems down all Thursday afternoon for multiple banks in Texas – S.L. o o o What’s Next For Gold Miners o o o Bank Of America Sets A Date For The Market’s “Great Fall” – B.B. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

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Economics and Investing:

The End Of A 100 Year Global Debt Super Cycle Is Way Overdue – B.B. o o o NEW UNCOVERED INFORMATION: Why Central Banks Were Forced To Rig The Gold Market o o o Saudi King Goes East In Search Of Friends And Cash. The King of Saudi Arabia is currently on a month-long trip round Asia, aiming to strengthen geopolitical ties as well as secure oil market share o o o Minnesota Democrat Pushes $200K in Annual Taxpayer Gifts for Gun Control Groups – H.L. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

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Economics and Investing:

US Auto Dealers Forced To Rent First “Overflow Lots” In 37 Years Amid Inventory Glut. Is this one of the canary in the coal mine of a struggling economy? I think so. – H.L. o o o America’s Share of the World Economy – G.T. o o o China’s Richest Win, Mexican Billionaires Lose With Trump Effect o o o Inflation Is Back, And Investors Are Again Turning To Gold o o o NY Teamsters’ Pension Fund Goes Belly Up o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

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February in Precious Metals, by Everett Millman of Gainesville Coins

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 the price action of gold and examine the “what” and “why” behind those numbers. What Did Gold Do in February? The precious metal markets were robust during February, with strong retail and investment demand driving gold and silver to nearly four-month highs. Platinum and palladium continued the rally that has placed them as the #4 and #1 (respectively) best-performing futures contracts year-to-date. Over the last year, palladium prices have rebounded from a five-year low to jump over 60%. Silver came in at #2 in the rankings, up 13% so far in 2017, with gold (+8%) also cracking the Top 10. While the Platinum Group Metals have outpaced their precious metal cousins, the gold rally has held steady in the face of a relatively strong U.S. dollar, making the surge that much more impressive. Factors Affecting Gold This Month Safe Haven Demand In Europe Much of the global attention has centered on Europe as the populist wave sweeping across the continent’s politics erodes confidence in the European Union’s future. In addition to elections in The Netherlands … Continue reading

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Economics and Investing:

The Tyranny Of A Cashless Society Coming? – B.B. o o o In the Banker War on Cash, New Zealand and Canada Are the Next Major Countries on the Banker Hit List – B.B. o o o Taxpayers Foot $1M Bill to Clean Up Dakota Pipeline Protest Area – H.L. o o o China Considering Financial Rewards to Encourage Second Children o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

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Economics and Investing:

A number of SurvivalBlog readers have written in about the March 17, 2017 date as a doomsday for the U.S dollar. However, we must realize that just like every other time the debt ceiling has been reached, there will be much gnashing of teeth, name calling, threats, and insults hurled across the aisle of congress, but in the end, the debt ceiling will be raised. One of the best instructional videos on the current economy that I have seen comes from Mike Maloney. In part 4 “The Debt Ceiling Delusion” Mike talks about why this is so. (The debt is explained starting at 12:27 and the debt ceiling at 14:40). I would encourage all of SurvivalBlog readers to at least watch this episode of the series. The system will eventually crash, but it will not be because of the debt ceiling. It will be an outside influence that causes the crash – International loss of confidence in the dollar, war, domestic civil war or similar occurrence. Left to themselves, the congress critters and the Fed will simply keep running up the debt because they have to. Trump cannot overtly stop the process without crashing the economies of the entire world. … Continue reading

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Economics and Investing:

N.Y. retirees struggle to survive after pension fund bottoms out – B.B. o o o Americans now Hold Over $4.1 Trillion in Consumer Debt: Last Debt Bubble Peak was at $2.5 Trillion – B.B. o o o Dutch Parliament to Debate Leaving the Eurozone: Nexit on the Way? o o o Economic Globalization Is Not Political Globalization o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

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Letter Re: Metal Value of US Coins

Mr. Latimer: There’s a curious development in metal prices. Because of the recent strength in the zinc price and relative weakness in copper and nickel prices, it is the case that $1000 face value of “new” pennies (post-1982) is worth more than $1000 face value in nickel coins. As of today’s prices, the corresponding values are $734.37 for new pennies vs. $715.75 for nickels. I endorse and practice the discipline of saving nickels. There is an excellent track record of them being worth a premium to face value. As it makes sense to keep an ample supply of cash on hand at home, why not do it in the form of nickels (if one has the storage room) and “go long” on copper and nickel prices risk free? Recent zinc price trends now indicate that one can do the same with pennies. In fact, by going with pennies, one can skim a premium product by separating the pre-1982 pennies ($1812.31 copper value for $1000 face value!) and have a remainder in new pennies that is worth more than the equivalent face value for nickels. – Nevada Slim

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Economics and Investing:

POWERFUL GOLD & SILVER COILED SPRINGS: Important Charts You Have To See o o o 28 Conservative/Libertarian Law Profs Demand That AALS Address Political Imbalance Of Law School Faculties o o o CASHLESS SOCIETY Expands to Taiwan! Ban on Cash for Large Purchases! o o o In America’s heartland, the American Dream is in crisis o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

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Economics and Investing:

Next Leg Up is Beginning (Precious Metals) o o o Diverging Tops Forming In Precious Metals And Miners o o o Housing affordability shows that most Americans are too broke to buy a home: The American Dream moves further out of reach. o o o Why the Feds Should Legalize Interstate Commerce in Healthcare o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

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Economics and Investing:

IRS Audit Rate Of Individuals (0.7%), Businesses (0.5%) Falls To 10+ Year Lows Due To Budget Cuts o o o The US stock market is highly overvalued. Here’s why… o o o Statoil Sues Researcher For Allegedly Stealing Secret Frack Tech. Statoil is suing a former researcher for allegedly stealing trade secrets in the race to develop the next big fracking breakthrough. o o o States Treating Gold and Silver as Real Money Now – DSV o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

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Economics and Investing:

If Gold’s A “Barbarous Relic,” Why Do Governments Want It So Much? o o o Gold, Liberty, and the War on Cash – Jeff Nielson – DSV o o o Feds Paid $1 Billion in Social Security Benefits to Individuals Without a SSN – B.B. o o o Hard Times: Sweden Complains It Collects Too Much Tax – P.S. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

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