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 war on cryptocurrency. (See the Cryptos section.)
Precious Metals:
Commerzbank: Expected Fed Hike To ‘Keep The Gold Price In Check’
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Reader S.W. sent us this: Nine surprising things worth more than this shimmering metal
Stocks:
June 2018 Stock Considerations
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Opinion: Apple is the new Microsoft, and that’s bullish for the stock
Cryptos (War on Cryptocurrency):
At Motley Fool: Seven Cryptocurrency Predictions for the Rest of 2018
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Next, a new Dollar Vigilante video: Zimbabwe High Court Overturns Reserve Bank’s Decision To Ban Cryptocurrency. JWR’s Comment: I do wish Jeff Berwick would learn how to pronounce the word “Harare.” Also note that what he described was not a judicial victory. It was merely a default judgement for the dictatorial socialist government’s lawyers failing to appear before the court. In my estimation, Zimbabwe’s war on cryptocurrency (and all economic freedom) is far from over. I also predict that many other nations will follow suit. After all, most modern nation states are little more than errand boys for the banksters. It is the banksters that rule the world. And unless or until they control the cryptos, then they will be at war with them.
Economy & Finance:
Simon Constable in Fortune: How Activity On The Sun Could Change The Economy
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Four in 10 Americans can’t cover a $400 emergency expense, Fed finds
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Gun Sales Set Record Again in May
Tangibles Investing:
Can You Get Wealthy Buying Farmland as an Investment?
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For the first time in nearly a decade, rich people invested more in art than wine
Provisos:
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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!
Here’a a question,
What do you think about sports cards as an investment? Here’s a link to a story about Connor McDavid’s rookie card selling for over 50 thousand dollars. https://www.sportsnet.ca/hockey/nhl/connor-mcdavid-rookie-card-sells-record-price-online-auction/
I’m not suggesting anyone pay that amount of money for what amounts to a piece of cardboard with a picture on it, but it might be a good idea for people to check their old sports cards if they have any and see what they’re worth. Either that or buy them at the store and then wait to see how much it will go up in value. That would look like the old buy low and sell high.
I liked the admission the Feds control gold and silver price. Why you might ask, it’s not about supply and demand but a fixed game that we the people cannot play.
I like gold but not as a barter item. The day is coming when cash will be eliminated. Good luck selling gold than.
As to farm land, my friend owns a nice 20 acres in Idaho and it’s worth less now than in 2004 even with a barn that cost $100k to build.