Economics & Investing For Preppers

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 discontinued car models. Pictured is a pre-1999 air-cooled Porsche 911 — made before the major engine design change and body style re-vamp (See the Tangibles Investing section near the end of this column.)

Precious Metals:

From the perspective of chartist Mark Mead Baillie: Gold Sits On Its Box Whilst The Herd Chase Stocks

o  o  o

As of May 6, 2019 I issued a physical silver a Strong Buy recommendation. Presently at around $14.75 per Troy ounce, I see nowhere for it to go but up.

Economy & Finance:

Wolf Richter reports: Fed’s QE Unwind Continues at Full Speed in April

o  o  o

Trucking Skids into Downturn after Phenomenal Boom

o  o  o

At Seeking Alpha: P/E Ratios At Market Peaks

o  o  o

Text and audio from Ron Paul: The War on Cash Is A War on Liberty.  Here is a quote from the former congressman:

“Authoritarians are forever trying to surveil and manipulate humanity to their desired ends. Advances in technology have surely made it easier in many respects. A very big goal, from the point of view of any true authoritarian, would be the abolition of cash. All economic transactions monitored. No privacy whatsoever. The accomplishment of such a goal is far from a done deal. We should stand against it at every turn.”

Commodities:

Oil Soars On Venezuela Coup Attempt

o  o  o

At Zero Hedge: Doc Copper Suggesting A Slow Down Is Ahead?

Cryptos:

Warren Buffett: ‘Gambling Device Bitcoin Hasn’t Produced Anything’. A snippet from the article:

“Turns out 88-year-old Warren Buffett isn’t warming up to crypto after all. Speaking at what’s been dubbed the “Woodstock of Capitalism”, the billionaire investor told shareholders in Berkshire Hathaway how he really feels about bitcoin. His company’s annual shareholder event is being held in Omaha today, and he just couldn’t resist lamenting the digital currency that he just doesn’t understand. Buffett reportedly stated:

‘It’s a gambling device… there’s been a lot of frauds connected with it. There’s been disappearances, so there’s a lot lost on it. Bitcoin hasn’t produced anything.’

At least Buffett didn’t call it “rat poison squared” like he did last year. His partner in crime, Charlie Munger, reportedly once compared crypto trading to “dementia.” Buffett’s shareholders probably come to Omaha just to hear what he’ll say next about the crypto revolution taking the economy by storm.”

o  o  o

New York Bitcoin Mining Magnate Accused of Stealing Over 5000 Crypto Miners

Tangibles Investing:

Collectors are willing to pay top dollar for some of these cars, if they are in prime “always garaged” condition, with low mileage: 25 Discontinued Cars That Need to Make a Comeback.

o  o  o

All the cars discontinued after 2018

Provisos:

SurvivalBlog and its Editors are not paid investment counselors or advisers. 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!




Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.