Category: Economics & Investing

Welcome to SurvivalBlog’s Precious Metals Month in Review, by Steven Cochran of Gainseville Coins 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 October? October gave gold no treats. Gold started the month in the $1,335 range and ended more than $50 lower. Unexpectedly hawkish comments throughout the month from various senior officials at the Federal Reserve sent the dollar on a strong rally while depressing gold prices. The capitulation of the British …

This Is What Gold Does In A Currency Crisis, Brexit Edition o o o Satyajit Das: The World Is Out of Weapons. Das predicts “prolonged stagnation” of the global economy. o o o At The New Survivalist: Money Needs During a Disaster o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Fed risks repeating Lehman blunder as US recession storm gathers o o o Podcast: KWN interviews Bill Fleckenstein o o o With an unexpected profit, Deutsche Bank has a funny way of showing it’s in crisis o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Audio: Eric Sprott and RCM Precious Metals Forum October 5, 2016 o o o I was web wandering and stumbled into an informative blog that would be of particular interest to those considering expatriation: International Tax Blog. – JWR o o o Speaking of expatriation:  HSBC’s top expatriate destinations for 2016 – in pictures o o o Gold Republic: 10 Terrifying Charts o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Making this up, as they go along: Deutsche Bank’s Dominic Konstam on Making Negative Rates Work (Video) o o o Jim Willie: Broken Central Banks: 4 Quick Pix o o o Amazon is failing to steal Costco’s customers o o o Sterling hits a two-day high after positive ‘Brexit’ comments, but is this just a short term opportunity? (Joseph Wright)”  (Some analysts like Karl Hammer in Sweden predict a strong British Pound in the long term.) o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Obama administration confirms double-digit [Obamacare] premium hikes. o o o Signs of the times: America’s biggest banks are closing hundreds of branches.  JWR’s Comment: Whenever The Powers That Be get around to instituting their long-dreamed-of Cashless Society, there will be no need for brick and mortar banks. Nor will there be any privacy about what you buy and sell. Every transaction made with electronic currency will be permanently cataloged and cross-correlated with your social media interactions.  Thus, the entire lives of most citizens will be transparent to police and intelligence organizations. To mitigate this, I recommend both: A.) Creating a …

Stocks To Plunge In 2017, War Is Possible o o o October COMEX Gold “Deliveries” o o o The Boredom Before The Storm o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Alasdair Macleod: Fiat Money And Gold. JWR’s Comment: A government simply cannot triple the money supply without it affecting wages, consumer prices, and commodity prices.  We are witnessing deflation now, but in the long term, mass inflation is inevitable. Be ready for both, folks. o o o Republican Trump says 70 percent of federal regulations ‘can go’ o o o Zero Hedge: Three Weird Consequences Of NIRP o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Tesla, Apple and Uber Push Lithium Prices Even Higher o o o Goldman Sachs Top Lawyer Is Part of a Secret Banking Cabal as CEO Blankfein Denies One Exists o o o Video interview over at Real Clear Politics: Resort Casino magnate Steve Wynn:  Printing Money Degrades Living Standard, Causes Anger; Healthcare Goes Up, Product Doesn’t Get Better o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

Fortune magazine reports: Apple’s Next Goal Is Killing Paper Money Once and For All. (Thanks to G.G. for the link.) o o o Saudis, China Dump Treasuries; Foreign Central Banks Liquidate A Record $346 Billion In US Paper o o o Michael Pento: Equity Bubble Has Run Out of Excuses and Time o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

The Contagion Deutsche Bank Is Spreading Is All About Derivatives o o o Mark O’Byrne: Euro Will Collapse…As It Is A House Of Cards o o o Silver Eagle Demand Returns With A Vengeance As Political & Economic Turmoil Increases o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page for details.

I’m going to go out on a limb and make a prediction as of today (October 21, 2016):  I am convinced that as long as the Negative Interest Rate Policy (NIRP) continues, there will be a strong demand for not just mattress money but also for physical silver and gold.  So I’m now going on record as saying: There should be a steady bull market in the monetary metals for as long as NIRP is in place.  Meanwhile the industrial metals will probably continue to be in the doldrums.  This explains why an ounce of platinum is now selling for …

Martin Armstrong: Nonperforming Loans in European Banks 10x that of U.S. Banks o o o Understanding Deutsche Bank’s $47 Trillion Derivatives Book .  (SurvivalBlog readers have been warned about derivatives counterparty risks for a  full decade.  When the global OTC derivatives implosion finally occurs, it will be traumatic and have far-reaching effects, possibly toppling entire nations states. o o o I missed seeing this article when it was published last month:  Britain’s May meets Goldman, Amazon, IBM to discuss post-Brexit investment o o o SurvivalBlog and its editors are not paid investment counselors or advisers. Please see our Provisos page …