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 the economic implications of the Eddy Grand Solar Minimum. (See the Economy & Finance section.)
Precious Metals:
Precious Metals Update 6-1-2018
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Monday’s Predicted Daily Price Trends for Gold and Silver
Forex:
Reuters reports: Sterling hits five-day high as data picks up, Italy concerns persist
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Daily FX: EUR/USD Weekly Technical Report – Euro May Have Put In a Low (For Now)
Cryptos:
Top Five Cryptocurrency Projects to Watch in June 2018
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Economy & Finance (Grand Solar Minimum):
I view the currently developing Eddy Grand Solar Minimum with genuine dread. An extended solar minimum is far from a certainty. But if it does occur, the economic implications for the next two decades would be enormous. History has shown that repeated crop failures lead to market failures, and then currency failures, massive riots, and sundry wars. This could very easily trigger a long-duration global economic depression.
My recommendation: Stock up, especially on rice and small grains, while they are still available at reasonable basic commodity prices. All that it will take is one year of near failure of a crop to cause a huge jump in some food prices. And if the Generally Dumb Public (GDP) wakes up about this possibility then all of the long term storage food packagers will sell out and develop very long order backlogs.
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Meanwhile, over at the CNBC Cheering Section: Investors should take risks in a hot economy: Market expert
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Vermont will pay you $10,000 to move there and work from home
Tangibles Investing:
At Forbes: Buy And Hold: 2018 Cars Destined To Become Tomorrow’s Collectibles
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I’ve found that one good way of judging the direction of the collectibles market is the auction tracking web site: What Sells Best.
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!
For some strange reason the link for the Eddy grand solar minimum doesn t work.
Vermont? Isn’t that the “home” of “Feel The Burn” Sanders? And didn’t they recently pass a gun control law, against all “common sense”?
What are the tax laws, and cost of living like there?
This sounds like what New Yawk attempted a couple of years ago, to make a “tax free” or “low tax” zone to entice businesses to move there. Except that it would be for a limited number of years, and then the company would be hit with the full force of New Yawk taxes. If I remember correctly, I don’t think anyone took Cuomo’s bait.
Re Solar Minimum: Am I getting this right, about 30 scientist/studies in recent years have predicted less solar activity resulting in significant COOLING temperatures in the future????? About 30+ years ago popular culture was predicting a new Ice Age; then apparently Al Gore and others decided “Global Warming” would be more profitable. Why were these scientist so quiet, lost their ability to speak or just their integrity?
The Vermont scheme would be funny if it wasn’t so sad. Taxes are quite high and people are leaving because it is trying to beat out California as a socialist’s paradise. They will pay you $5000 a year for two years IF you move there with a telecommuting job from another state. This is supposed to bring in income taxes from employers in other states. Good luck with that.
Check out Ice age farmer. Much info about crop failures, etc.
Re: solar grand minimum
https://youtube.com/user/Suspicious0bservers/videos (fyi, that’s a zero for ‘O’ in 0bservers)
This is a wonderful resouce if you’re remotely interested in space, weather, earthquakes.
He offers rational, well thought analysis. He also always has the data sources cited, for every videoposted.
Watch it for a week, see what you think.
Eyes open, no fear. Be safe everybody.