This column is posted on Mondays, Wednesdays, and Fridays. 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 quirky “tangibles heavy” contrarian perspective of JWR. (SurvivalBlog’s Founder and Senior Editor):
First of all, some news from The SRSrocco Report: Chile Silver Production Down Stunning 26%
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Here is latest coin hunt video from Silver Searcher: Huge Coinstar Haul. Crazy Amount of Coins! (Note that these are free (forgotten) coins available in the machines’ external “reject” trays. I have found a few silver dimes using this method.) OBTW, the “Sverige”-marked coin he mentioned is from Sweden, not Russia. It is probably a pre-Euro era Swedish Krona coin.
On to the foreign exchange (Forex) news: On July 1, Australia Will Make Bitcoin Legal Money
Moving on to stocks: The Wall Street Journal‘s latest numbers.
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Big Dang Debt Bubble:
The National Debt is now rapidly approaching $20 Trillion. (At the Debt Clock page be sure to scroll down and take a look at the Monetary Base and the Credit Derivatives numbers. Zowsa!)
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And on a humorous note: Tim Clue on Debt. (The Federal government has apparently reached their Tim Clue moment.)
Next, also over at Zero Hedge, Tyler Durden posted this: Ray Dalio Goes Dr. Doom: “When The Next Downturn Comes, It’s Going To Be Bad”
Finally, consider this essay originally posted in 2015: “If It’s Not A Hard Asset, It’s No Asset”
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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 with their diligence and focus, we benefit from fresh “on target” investing news. As a result, SurvivalBlog often “gets the scoop” on economic and investing news that is probably missed (or reported late) in other news sources. Thanks!