Economics & Investing For Preppers

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 “Neccos Futures”. (See the Tangibles Investing section.)

Precious Metals:

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Powerful Greenback Hammers Gold and Silver Prices Below Key Support

 

Cryptos:

Rough run for cryptos gets worse

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And H.L. spotted this at Zero Hedge: German Bank Allows Users To Transfer Loans Anywhere In The World Using Bitcoin

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GoTenna Launches a Bitcoin Wallet That Works Without the Internet

Economy & Finance:

The BBC reports: Year-long pay squeeze comes to an end

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Erdogan Plans to Tighten His Grip on Turkey’s Economy

Commodities:

Natural gas markets bounce around to open the week

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Crude Oil markets open up the week with positive momentum

 

Derivatives:

FCA tells crypto derivative dealers to seek its approval

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Thomson Reuters to move forex derivatives to Dublin due to Brexit

 

Tangibles Investing (Neccos Futures):

A recent headline caught my eye: The New England Confectionery Company (NECCO) may soon be shutting down. Founded in 1847, NECCO is the nation’s oldest candy company.  Not everyone likes Necco wafers, but they are generally recognized as one of the candies with the longest potential shelf life. This makes them of particular interest to preppers.  There is probably not a better candy to stock up on, for long term storage. Their high caloric density makes them apropos for a quick energy supplement to the other foods you carry in your bugout bag. And for barter, they are easily divisible. Yes, I predict that they will be in demand for barter, in a world that is deprived of sweets. Even 10 years down the road, when most other candies have deteriorated into either a sticky inedible mess or a crumbly pale chocolate powder, Neccos will still look, smell, and taste about the same. Ah yes, that chalky sweet goodness!

So here is perhaps the most unusual tangibles investing advice I’ve made to date: Neccos Futures. Find a store with a good supply of them at a reasonable price and stock up! If the company folds (as some have predicted), then you might even double your money. You might consider buying as much as $200 worth of Neccos.

Just be sure to  store your Neccos in an airtight food grade container. Tupperware (or any of the less expensive generic equivalents) would be ideal. Oh, and of course keep them will hidden from the two-legged “mice” in your house.

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!




5 Comments

  1. My thought on Cryptos. Cryptos which have no intrinsic value whatsoever rely on fiat currency for their value. I’ve heard it said that you should take a very small portion of your portfolio say a couple of hundred dollars and put it into cryptos. I almost feel like I should just go to the local convieniance store and by lotto tickets. Or better yet, I think I’ll go there and buy them out of Necco wafers.

  2. Out of curiosity I decided to look up a Necco Wafers on Amazon to see what they charge for a bulk purchase and they had a plastic jug full of 150 mini-rolls. To me this sounds like a much better purchase for trade purposes in the future… And for my purposes, stocking a tasty candy that I’ll actually eat is a better idea than alcohol I’ll never drink.

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