The biggest gold heist of all time o o o Amazon introduces next major job killer to face Americans – DSV (I’m not sure this is a “job killer” any more than ATMs were, but it will interesting to see how this plays out.) o o o Time Magazine Promotes Illegal Nonsense: Don’t Pay Taxes (If You Didn’t Vote for Trump) o o o A Dire Warning From An Insider o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
The Warren Buffett War on US Pipelines – P.M. o o o The Problem Is A Single Central Bank…Not A Single Currency o o o Dakota Pipeline Project Halted as Obama Administration Denies Permit for Last Leg o o o Don’t Hold Your Breath on Fannie Mae and Freddie Mac o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
Hugh, Regarding L.O.’s letter and “don’t act suspicious and you won’t be suspected”, SARs and CTRs are required by federal law. CTRs for any cash transaction for $10,000 or more are required. This is also true of a cash transaction at a jeweler, car dealer, et cetera. Also, in high crime areas (drug areas), the bank may be required to report any cash transaction over any amount set by a federal agency. For a time, in Eastern KY, all transactions over $3000 required a CTR. These are done without the customer’s knowledge or permission, usually after the transaction is completed, …
The Wider Ramifications Of The OPEC Deal – The OPEC deal has had an immediate impact on markets, sending oil prices soaring, but the long-term ramifications of the deal are less clear. o o o This has an all-too-familiar ring: Venezuela to issue larger bill as currency continues to melt o o o Great Timing Award: Wolfgang Schäuble Says “Greece Must Reform or Leave Eurozone” o o o Swiss Economy Unexpectedly Stalls on Weak Domestic Demand o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
Investors Push Gold Eagle Sales To Record High & Commentary On Precious Metals Sentiment o o o Deutsche Bank Pays $60 Million To Settle Gold-Manipulation Lawsuit o o o 125 Housing Metro Areas Compared: How Much Does California Skew National Averages? o o o Fed Should Lead Global Rate Rise, Former BOC Governor Says o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
Hugh, I’ve read for years about how banks raise their eyebrows concerning large cash withdraws. I am beginning to think this is more hype than substance. I have been a contractor for 20+ years and have never once been questioned about large cash withdraws. Over the life of my business, I have restructured three times– sole proprietor, partnership, and finally in 2003 an “S” corporation. As any decent responsible person does, I pay my taxes. But I also don’t leave money in the bank after my obligations have been met. A typical transaction for me goes like this: My customers …
10 to 15 law schools could close if enrollment keeps shrinking, higher-ed market analyst says o o o Russia Says Foreign Spy Agencies Preparing Cyberattacks on Banks o o o Americans Not In The Labor Force Soar To Record 95.1 Million: Jump By 446,000 In One Month o o o Everyone Welcome, Competition Not Allowed o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
As Auto Lending Rises, So Do Delinquencies – J.S. o o o Silver Prices and Interest Rates o o o After a War on Cash, can the War on Gold be far behind? – DSV o o o GAO Assails Department Of Education’s Cost Estimates Of Income-Driven Student Loans, Projects 39% ($137 Billion) Of 1995-2017 Loans Will Not Be Repaid – CLP o o o OMV reverses earlier announcement, will accept cash for most transactions – D.R. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
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 November? Gold was riding high to start the month, but after Donald Trump’s thrashing of Hillary Clinton in the Presidential election, investors bailed from safe havens like gold and bonds to join the party in stocks. By November 3rd, gold was trading above $1,300 an ounce. Factors Affecting Gold This Month There was one overriding factor …
How Low Can Gold Prices Go Before Rebounding? o o o New Orleans Office of Motor Vehicles to stop accepting cash payments – G.G. o o o U.S. to Forgive at Least $108 Billion in Student Debt in Coming Years o o o Bank of England sees global financial risks after Trump victory o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
My mother was visiting me when she saw the post man deliver a certified mail gold coin delivery. She immediately said, “You should get a safe deposit box.” I tried to explain several things to her: 1) The Patriot Act from almost 14 or 15 years ago gives the federal government the legal right to open any safe deposit box and seize the contents, 2) FDR explained the rationale behind his 1933 bank holiday in the first fireside chat where the government seized precious metals, so “yes” it has happened here before, and 3) (here’s where my argument gets iffy.) …
Greece Is Not India? Hellenic Banks Plan “Tax On Cash Withdrawals” To Combat Black Economy – DSV o o o Peak Silver & Continued Supply Deficits Warn Of Future Higher Prices o o o Venezuela Braces for Runaway Inflation As Merchants Weigh “Mountains of Cash” Instead Of Counting It – G.P. o o o Why It’s Important to Define Money Correctly o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
Who’s behind the war on cash? – DSV o o o November FOMC Minutes And Gold Price o o o Suckered Again: How Likely Is A OPEC Production Cut? The upcoming OPEC oil production meeting is once again moving markets, but investors would do well to remember the cartel’s history. o o o Wells Fargo Hit With Class Action Over Target-Date Funds o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
Venezuela’s currency is so devalued it no longer fits in ordinary wallets – G.G. o o o China’s Central Bank Gives Warning as Yuan Continues to Fall – G.P. o o o What Happened When I Tried to Take $1500 Cash Out of Bank of America-Bank Holiday is Near o o o 60% Of New Yorkers Are One Paycheck Away From Homelessness o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
No Credit History? No Problem. Lenders Are Looking at Your Phone Data – G.G. o o o Good Thing Dems Renamed Food Stamps To Snap: Otherwise We’d Have Confused It for a Massive Giveaway of Soda and Energy Drinks – A.R. o o o China’s Plan For A World Of Skyrocketing Commodity Prices And $20,000 Gold o o o Japan Is Aggressively Buying Up Oil And Gas Around The World o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.