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 SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at investing in light sabers. (See the Tangibles Investing section at the end of this column.)
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A good market fundamentals article by Stefan Gleason, that dates back to late 2018: A Tale of Two Metals: One WAY More Valuable Than Gold, The Other Historically Undervalued
Economy & Finance:
“Economic growth won’t last as the U.S. labors under the burden of growing entitlement programs and weakness around the world, former Federal Reserve Chairman Alan Greenspan told CNBC.
The long-time central bank chief repeated his warnings about the weight that Social Security, Medicare and other programs are having on what have been otherwise solid gains over the past few years.
‘I think the real problem is over the long run, we’ve got this significant continued drain coming from entitlements, which are basically draining capital investment dollar for dollar,’ he told CNBC’s Sara Eisen during a Squawk on the Street interview.
‘Without any major change in entitlements, entitlements are going to rise. Why? Because the population is aging. There’s no way to reverse that, and the politics of it are awful, as you well know,’ Greenspan added.
While he said the economy looks ‘reasonably good’ in the short run, he expects that over the longer term, growth ‘fades very dramatically.'”
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Next, at Zero Hedge: Volatility Dead Ahead In The Oil Market As Gamma Goes Vertical
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Bitcoin Trader Ordered to Forfeit $800K Gained via Unlicensed Exchange. JWR’s Comments: Governments are all about information, revenue, and control. Since private cryptocurrencies offer them none of those, we can count on severe regulation with selective prosecutions in the years to come. Governments won’t be content until private cryptos are fully quashed and they’ve instituted their own blockchain-based electronic currency (or currencies) with total transparency for taxing officials, with a small percentage off the top. Thus, they will have their information, revenue, and control.
Tangibles Investing (Light Sabers):
You should invest in Light Sabers. No, this is not a jest, my dear readers. I’m serious. You see, you can find original vintage photographic Graflex Flash Handles at thrift stores and garage sales, if you are lucky. So, for perhaps $20 to $50 you can get yourself 80% of a fairly authentic and very collectible $1,400 light saber. And, BTW, light sabers will probably figure very prominently in the next Star Wars movie. Buying movie props in advance of a film release is almost always wise investing.
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The price of the now scarce discontinued Neccos candy wafers has stabilized at above $140 per case of 24 rolls. I first recommended stocking up on these back in May of 2018, when a case of 24 rolls could still be had for under $30, postage paid. By the way, the shelf life of Necco candy can be measured in decades if sealed in an airtight container and stored in a proverbial “cool, dry place.” I can see these candies being a quite sought-after barter item, if normal commerce in sweets is ever disrupted.
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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!