Here are the latest items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on becoming rare wristwatch pickers.
Precious Metals:
Hedge Funds Sell Gold, Silver As Turmoil Hits Equity Markets
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Gary Tanashian: Silver In Position To Lead Gold
Stocks:
Record $23 Billion Flees World’s Largest ETF
Cryptos:
Bitcoin Daily Chart Alert – Price Recovery Continues (Feb. 12th)
Taxes:
The IRS Takes Its Tax Evasion Hunt to the Blockchain
Economy and Finance:
After racking up more than $950 million in debt, gun-making giant Remington is reportedly getting ready to declare bankruptcy.
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USN&WR: Five Things to Know About the Economy This Week
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From Australia: Ten signs we’re heading for ‘economic armageddon’
Tangibles Investing (Rare Wristwatch Pickers):
This video shows that it is indeed possible to be a watch “picker”: Flea Market Watches, surprise vintage watch finds, LeCoultre, gold watch, Sterling silver, Blancpain.
OBTW, if any SurvivalBlog readers become wristwatch pickers and happen to find a Roamer brand men’s wristwatch with a “RA” prefix serial number engraved on the back, then I’m a very likely buyer. – JWR
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. So please see our Provisos page for our detailed disclaimers.
News Tips:
Please send your economics and investing news tips to JWR. (Either via e-mail of via our Contact form.) These are often especially relevant, because they come from folks who particularly watch individual markets. And due to their diligence and focus, we benefit from fresh “on target” investing news. We often “get the scoop” on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!
If hedge funds are selling gold and silver, the prices should be dropping. I/m not seeing it…..yet.
I’m waiting for silver to drop back down to the low $16/oz or lower.
RE: Remington bankruptcy
Some of my fondest memories are rabbit hunting with my father, using his late-1960’s era 1100 12ga. that I still own and would sell my soul before parting with. Running a close second is his Model 700 in .22-250 of the same vintage that has enough groundhog kills to fill a fleet of dump trucks to it’s credit. After the abject failures of the RP9 and R51, this organization needs to be cleaned out top to bottom. Simply relying on past accomplishments and brand recognition is no longer enough. Just ask Sears.
I hope they get there act together.
As the article states:
“Colt’s Manufacturing Co LLC, a competitor of Remington, emerged from bankruptcy in 2016 following falling sales of its sports rifles and the loss of military contracts.”
This is not a problem that is unique to Remington.
I remember when Colt was so smug that they didn’t want to sell their AR-15 rifles to the public anymore because they had plenty of government contracts and the general public was nothing more than an annoyance to them. They didn’t even want to talk to gun owners on the phone. I haven’t forgotten that and I wont buy a Colt product to this day.
I really can’t believe Remington is bankrupt. After 8 years of record sales under Obama, just one year of Trump wipes them out?
There’s either totally incompetent management that did not think sales could ever slow down, or totally greedy management that took all the money as bonuses and ran.