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 fickle collectors. (See the Tangibles Investing section.)
Precious Metals
First off, over at Zero Hedge: Mexican Congress Debates Monetization Of The “Libertad” Silver Ounce
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Silver forecast for the week of September 18, 2017, Technical Analysis
Stocks:
S&P 500 closes at record high; Dow posts best week since December
Commodities:
The latest USDA food and feed commodities numbers: World Agricultural Supply and Demand Estimates
Forex:
US Dollar Recovery Likely in 2018 say Westpac Strategists
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And next there is this, at Reuters: Sterling soars to highest since Brexit on BoE rate-hike bets
Economy & Finance:
Equifax hack: two executives to leave company after breach
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And Reuters had this: What crackdown? Expect more China deals, bankers say
Derivatives:
Welcome to the 21st Century, Mr. Jetson: Options and Futures on the Blockchain Board of Derivatives
Troubling Trends:
Next, at Bloomberg: Down $20 Billion, Boeing Stuffs Pension Fund With Its Own Shares
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Card Sharks: ATM skimming grows more sophisticated. (Auto-start video.)
Tangibles Investing (Fickle Collectors):
You’ve been warned that these markets are fickle. Here is the latest: Value of classic cars and fine art plunges as photographs soar
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Collectible trucks increase in value far beyond what you might expect
Provisos:
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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!
$65,000 for a ’56 Ford? I have a ’51 that is freshly restored that I’d sell for 1/2 of that.
Misleading numbers on the trucks; costs were listed in dollars at the time of sale and inflation has not been taken into account.
$2,834 for a 69 Bronco would be $19,273 in today’s dollars, adjusted for inflation. If you have a perfect, undriven minty 69 you could probably get that or more today, but what about the costs of insurance, storage and maintenance over the years?
These prices have GOT to be for “museum quality” restorations! The thing you need to ask yourself is “Does this vehicle rate a museum quality restoration?” Honestly; a $45K OLD Chevy Blazer??
Being almost EMP proof aside; when all the new paint and new interior are removed, The rock-hard fact is that these are old pieces of machinery that are hard to find parts for. If a vehicle’s only use is to look pretty in the garage, it has no place in my garage…
Actually, my ’51 Ford PU is easy to find parts for. They make them brand new, and cheaper than “new” car and truck parts.
Thank you Jim,
Silver should be considered a highly beneficial trade resource, for all. IMO.
God bless,
Sheepdog and family
On modern collectable trucks.
Look into any model of Ford Explorer Sport Trac, especially the Adrenalin model. Mine is a 2010 Limited model bought new in 2011. I love my truck. Planning to keep it until I rot or it does, which ever comes first.
Of course, it’s going to be a lawn ornament after and EMP or CME. However it will be a classy lawn ornament.