Here are the latest news 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 sources for antique radios. (See the Tangibles Investing section.
Precious metals, stocks, and cryptos were ALL down today. Apparently the institutional investors are all running for the exit doors. Cash is presently king.
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Stocks & Bonds:
Another ugly day on Wall Street! At today’s close, the DJIA was at 24,465.64 This down -551.80 points or 2.21% for the day. Ouch! Meanwhile, the S&P 500 dropped 49 points, closing at 2,642. That was 1.8% loss for the day. This is becoming a fear-driven market. Beware!
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Forex & Cryptos:
Bitcoin got slammed again today, down to a USD equivalent value of $4,309.79. That was a whopping 10.81% loss in one 24-hour period. Mega ouch!
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I’ve mentioned investing in vintage radios a few times in this column. This week I’d like to focus on where to find them. Other than thrift stores, I mostly look at hamfests and local ham club swap meets. (The ARRL posts schedules.) It seems that most old hams own at least one or two regular broadcast (AM) band table radios. Often, if that ham was good at tinkering, those radios have had their old electrolytic capacitors replaced, a new power cord installed, and they’ve been re-aligned. This greatly boosts both their practicality and their resale value.
It may sound morbidly opportunistic, but I also recommend watching for Silent Key (SK) obituary announcements in your area. Contact the heirs and ask if they will be selling any antique radios from the deceased ham’s estate. Often the heirs have no interest in radios, and they end of selling that gear for paltry sums.
SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos page for our detailed disclaimers.
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!