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 rental property IRAs. (See the Tangibles Investing section, near the end of this column.)
Precious Metals:
First, there’s this: CEO of the CME Tells Fox Biz “Gold Should Probably Be At $5-$6k/oz”
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Next, Jim Wyckoff offered this: Friday’s Charts for Gold, Silver, Platinum and Palladium, July 14
Commodities:
The latest commentary from Nick Cunningham: “Oil Market Rebalancing Hasn’t Even Started Yet”
Stocks:
Over at Seeking Alpha: S&P, Dow hit new all-time highs to cap strong week JWR’s Comment: This would be a good time to Exit Stage Right, folks!
Forex:
And continuing on to foreign exchange (Forex) news,there is this: CPI Miss Calls Fed Credibility Into Question, Dollar at 10-Month Low
Economy and Finance:
US Economy Keeps Moving Into Summer Storm. (A tip of the hat to veteran blog content contributor H.L. for the link.)
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Financial Sector Update for 07/14/2017: PN,FSC,OAK,FSAM,FSFR,WFC
Troubling Trends:
Tim J. was the first of several readers to send us this: Monthly Federal Spending Tops $400B for First Time
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Over at WSJ: Social Security, Medicare Face Depletion Within 17 Years, Trustees Say. (Thanks to Peter S. for the link.)
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CoinWeek News Wire for July 14, 2017: The War on Cash
Derivatives:
The most recent report from Sharekhan, in India: Daring Derivatives. JWR’s Comment: It is abundantly clear that the World’s Biggest Casino is still seeing a booming business. It will be all fun, games, and popping champagne corks until the inevitable Big Blowup. Then they’ll come crying to the national governments for taxpayer-funded bailouts.
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More news from India’s Sunny Clime: NSE halts trading of cash and derivatives segment due to technical problems
Tangibles Investing (Rental Property IRAs)
Precious metals IRAs are understandably quite popular in prepper circles. But there is another legal tangible investment alternative for IRAs that is rarely mentioned: rental property IRAs. They are discussed here: Beginner’s Guide: Purchasing a Rental Property with a Self-Directed IRA. As they describe it, these IRAs are a bit complicated to set up, but the potential rewards are substantial.
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 “gets the scoop” on economic and investing news that is probably ignored (or reported late) by mainstream American news outlets. Thanks!
Interesting that the article left out the LLC aspect of self directed IRA’s. It is another level of protection. I formed a self directed IRA with an LLC several years ago, and it is the best thing I have done for my retirement. There are many benefits, and I love the control over assets that I have. My IRA owns an LLC that I manage. As manager, I decide which properties to buy, and have tons of options. I have done lease-purchase agreements for tenants which allow me to capitalize on rents and appreciation, and allows the tenant to apply rent towards the purchase price. In one case, I applied 95% of the rent to the purchase. It was a great deal for me and the tenant. I have carried notes (financed the purchase for the tenant) at above market rates, which allows them to buy a house with no money down (other than rent paid previously), no qualifying, and lower closing costs. These are great deals for me. With the self directed IRA I have freedom to buy what I want and structure deals how I want, to the benefit of all parties.