Category: Economics & Investing

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.

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 …

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 …