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.
Grey Champion Assumes Command (Part Two) – An interesting look at the current economic struggle and the expected outcome. o o o They’re Growing Older. Their Mortgage Debt Is Growing Deeper. – G.G. o o o James Rickards: End Game for the Global Economy o o o Housing in a time of rising mortgage rates: A big jump in mortgage rates is here to stay for these reasons. o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
The Peak & Decline Of International Reserves Warns Of Massive Asset Deflation Ahead o o o Dollar Extends Record Streak of Gains Versus Euro on Trump Plans o o o Trump Is Making Bond Markets Nervous o o o Why the Dollar Remains the World’s Reserve Currency o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.
Gold Forecast: What Now For Future Gold Price? o o o Items from Mr. Econocobas: National Debt is growing Faster Than You Think Yellen Says Interest Rate Hike Could Come ‘Relatively Soon’ – Let’s get real, the Fed said it would raise rates 4 times this year, so far it has yet to do so. They have no choice but to raise rates given the super high expectation to do so.. Do we have the same effect as last year or does the current “Trump Effect” stem that movement. I don’t yet see any fundamentals that change that but this …
A major danger of paper money: Rupees cancelled– DSV o o o Saudis, China Dump Treasuries; Foreign Central Banks Liquidate A Record $375 Billion In US Paper – G.G. o o o The US Dollar Index just hit its highest point since 2003. This might be a good time to diversify into some select foreign currencies. My current favorite is the Swiss Franc, which just hit parity with the US Dollar. – JWR o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.