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.
The Economy Needs Higher Oil Prices – Goldman Sachs. Goldman Sachs found in a recent report that higher oil prices could benefit global GDP growth, as they stimulate investment in both oil and non-oil producing nations. o o o Food-stamp growth may be behind the flip to Trump o o o Forget The Pullback, The Highest Levels Just Predicted Price Of Gold Will Surge More Than A $1,000 From Current Levels o o o Automobile Sales Falling, Inventories Up 7.8%, Interest Rates Rising: What can possibly go wrong? o o o The Free Trade Fallacy – AGK o o o …
I enjoyed MM’s article about moving to Michigan to become a corrections officer. I appreciate his sunny outlook on his job. Most of the COs I knew in over two decades in law enforcement described their jobs as “doing life eight hours at a time” and the danger, poor air quality, and lack of respect they felt in the prison. Happily, MM seems to have better working conditions than my friends and relatives in the field. Anyway, I just wanted to add that in regards to MM’s comments on concealed carry, he, like corrections officers in most locations, probably qualifies …
Video: DECODING THE FUTURE For Stocks, Real Estate, Gold & Silver – Mike Maloney o o o The Fallacies of Bernie Sanders o o o Venezuela Currency Loses 45% This Month as Hyperinflation Escalates o o o Items from Mr. Econocobas: Video: Schiff: Major crisis coming, bigger than 2008 financial crisis o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
A Little Perspective On The Post-Election Gold Market o o o Will Trumponomics Save Us From A Bust? o o o Perpetual Black Friday o o o Zimbabwe’s Currency Hail Mary o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
Hugh, I saw this on Tuesday’s blog and thought I would expand the thinking a bit. K.W. correctly pointed out that bullion coins, like Krugerrands and Maple Leafs, are often sales-taxed where legal tender coins are not is a notable observation. But it only tells part of the story. I recently wrote an article comparing the many ways to buy, sell, and hold precious metals in their various forms. One big advantage of U.S.-issued and denominated gold and silver coins is that both the current American Eagles and also many older coins are the only precious metal that qualify as …
More info: Dallas on Verge of Bankruptcy Due to Pensions; Just a Matter of Time (For Dallas, Houston, LA, Oakland, Chicago, etc) o o o Dow & Nasdaq Hit All-Time Highs But The Stock Market Is On Borrowed Time, And Will India Ban Gold Imports? o o o Citigroup Leads U.S. Banks Higher in Global System Risk List o o o Symantec to Buy LifeLock for $2.3 Billion to Add ID Security o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
Hugh, With regard to purchasing Krugerrands as opposed to American Gold Eagle (AGE) coins or Canadian Maple Leaf (CML) coins results in some states such as mine (in the American Redoubt, thank God) not charging sales tax on collector coins, but they do on bullion. Since Krugerrands do not bear a (symbolic) monetary denomination (like AGEs and CMLs do), and only have a gold weight and fineness, they are taxed as bullion, which usually drives their cost above the others when tax is taken into account. – KW
Michael Snyder: We Are Being Set Up For Higher Interest Rates, A Major Recession And A Giant Stock Market Crash o o o Gold Price Forecast: Nasty Naughty November Gold Price Trend o o o Dallas, Texas, Stares Down a Texas-Size Threat of Bankruptcy – P.S. o o o National Taxpayer Advocate: The IRS Is Out Of Touch With The People It Serves – PLC o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
Hi, I know you don’t give out investment advice, but I started buying gold and silver bullion ever since I read the first Patriots book. What’s your personal opinion of the 1-oz krugerrand? Right now at mintproducts.com there is a special price. It’s going for less than the price of the 1-oz gold eagle. – F.R. JWR’s Comment: Krugerrands are fine, and they usually do sell for less than comparable weight American Eagles. But make sure that you have plenty of small barter silver on hand, before you branch out into gold.