Category: Economics & Investing

Letter: Trade Deficits and Buying Locally

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Hugh, We are in the midst of an economic war. Our individual purchases count. There are so many trade deficits to foreign countries. We must look upon our individual purchases and avoid buying from other countries from now on. Our individual choices matter. Choose local. If you cannot, make and grow things on your own effort. Learn, adapt, and survive to the local environment. We are in a war. Win. What are your thoughts? God Bless – S.M.


Economics & Investing For Preppers

Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on Swiss Franc Hedging. Precious Metals: The spot price of silver has been remarkably stable for the past three years. I don’t expect much movement until there is either spike in interest rates, a credit crunch, or a currency crisis for either the US Dollar or …


Economics & Investing For Preppers

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Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on “The Free Ride”–wasteful government “programs” and policies. Precious Metals: First off, over at Wall Street Window: Fed Hikes, Dollar, and Gold – Adam Hamilton o  o  o INTL FCStone: ‘Stronger Dollar Should Weigh On Gold’ In March   Stocks: Global stocks plunge after Wall Street …


Economics & Investing For Preppers

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Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on the differences between numismatic and bullion coins. See the Precious Metals section and well as the Tangibles Investing section. Precious Metals (Numismatic and Bullion Coins): Anyone new to precious metals must learn the differences between numismatic and bullion coins. Both have their purposes, for investors …


Economics & Investing For Preppers

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Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on the future of the Euro as a currency unit. Precious Metals: Peter Hug: Gold Reacts To A Perceived Hawkish Fed o  o  o Gold Has “Room To Move” – Osisko CEO   Stocks: Earlier this week, we saw: Dow falls 299 points after Powell signals …


Economics & Investing For Preppers

Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on the “cryptos”–the volatile and seemingly unpredictable cryptocurrency market. Precious Metals: First off, there is this bit of information at Seeking Alpha, by Nick Barisheff: Macro Trend Changes For Gold In 2018 And Beyond o  o  o Next, in metals recovery news: German scientists to build …


OPSEC Tax Preparation, by X. Liberal CPA

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Many people ask me during tax season why there’s this entry or that box on their tax form. My answer? The IRS has more information on every citizen, even drilling down into data history on their family trees, than any other arm of the Federal, State, and Local governments combined. Why? Because you volunteer the information willingly! Massive Tax Code The tax code is estimated at 59,000 pages (forms + instructional booklets + adhoc tables), about 4,000,000 lines, and approximately 350,000,000 characters. Why did this massive bureaucratic enigma code not go away with the passing of the recent Bill into …


Economics & Investing For Preppers

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Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on investing in antique musical instruments. Precious Metals: How Palladium’s Rally is Setting Platinum Up for a Comeback o  o  o Next, at Seeking Alpha: Top Five Silver Stocks For 2018 Stocks: I noticed that the Dow Jones Industrial Average (DJIA) is now back above 25,000. …


Economics & Investing For Preppers

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Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on South Africa’s new President, Cyril Ramaphosa. Precious Metals: Forget the Stock Market. Investors Are Trading in Gold for Bitcoin Stocks: European shares recoup losses as miners, financials rise   Commodities: Offshore Oil Is Poised For Significant Growth   Global Economy (President Cyril Ramaphosa): South Africa’s …


Letter: How to Use Precious Metals

Hugh, Assuming that my ability to travel after SHTF will be severely limited, how can I use or sell my precious metals? – J.A. HJL’s Response: Precious metals are really designed to carry your wealth through a crises and be used on the other side – especially if you have large chunks of PMs. Traditionally, PMs always have intrinsic value simply because people recognize the rarity of the metal and have always attached some value to it. However, during a crises in which the economy collapses, you can’t eat them. That’s why we always recommend filling out your preps with …


Economics & Investing For Preppers

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Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on Bitcoin taxes.

 

Precious Metals:

Mike Maloney’s Update On the Gold/Silver Ratio

 

Stocks:

At Reuters: Dow, S&P snap winning streak as Walmart weighs

 

Taxes (Bitcoin Taxes):

SurvivalBlog reader Janet X. sent us a scary little snippet from Martin W. Armstrong: Cryptocurrency Maybe Become a Tax Nightmare. JWR’s Comments: While there could indeed be accurate tax tracking of Bitcoin purchases (or sales) through exchanges, what about Bitcoin fractions that are gifts, trades, or personally mined?  Can you imagine what a tax audit would be like for someone who trades, gifts, or sells such BTC at a later date? Imagine this series of questions:  “What was the US Dollar value when you mined it?” “And what was the US Dollar value on the day that you received it?”  “And what was the US Dollar value on the day that you spent or traded it?” Yikes!

With Bitcoin prices all over map in a wild rollercoaster ride for the past three years, who is to say what this crypto’s relative Dollar value was at those precise “taxable event” days or hours?  This would be especially confusing for Bitcoin mining, which is often done very gradually. When is the taxable event Dollar-value benchmark for miners?

Consider that from 2014 to 2017 the Dollar value of a Bitcoin ranged from $4 to as high as $20,000. Then In January 2018 it was back down to $6,000. Now (as of February 20th, 2018) it is back up over $10,800. Those tax calculations might be almost impossible to make accurately!

 

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Economics & Investing For Preppers

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Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on real money versus fiat currency, aka “funny money.” (See the Forex section.) Precious Metals: COT Silver Report – February 16, 2018 o  o  o Johnson Matthey: Expect Platinum Surplus in 2018 Stocks: Zacks: Stock Market News for Feb 16, 2018   Forex (Real Money): The …


Economics & Investing For Preppers

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Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on Bitcoin recovery expert David Veksler. (See the Cryptos section.) Precious Metals: First up, over at Sharps Pixley: Lawrie Williams: Russia May Now be World’s No. 2 Gold Miner Cryptos (David Veksler): One of my regular consulting clients in the American Redoubt recently told me a …


Economics & Investing For Preppers

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Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on becoming rare wristwatch pickers. Precious Metals: Hedge Funds Sell Gold, Silver As Turmoil Hits Equity Markets o  o  o Gary Tanashian: Silver In Position To Lead Gold Stocks: Record $23 Billion Flees World’s Largest ETF   Cryptos: Bitcoin Daily Chart Alert – Price Recovery Continues …


Economics & Investing For Preppers

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Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on the National Debt. Precious Metals: Andrew Hecht: Precious Metals Continue To Offer Opportunity For Those With Patience o  o  o Gary Wagner: It’s A Mad, Mad, Mad World   Stocks: Jim Cramer blames a ‘group of complete morons’ for blowing up the market. Nobody rants …