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. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at the strong demand for RVs. (See the Tangibles Investing section.)
Precious Metals:
Thai central bank leads pack, buying 90 tonnes of gold over April and May.
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Gold & Basel III’s Trillion-Dollar Question.
Economy & Finance:
Reader H.L. sent us this: David Stockman on the Fed’s Socialist Monetary Policies and What Comes Next.
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Hacking Attack Likely Hit Thousands of New Targets. An excerpt:
“The ransomware group that collected an $11 million payment from meat producer JBS SA about a month ago has begun a widespread attack that has likely infected hundreds of organizations world-wide and tens of thousands of computers, according to cybersecurity experts.
The group, known as REvil, has focused its attack on Kaseya VSA, software used by large companies and technology-service providers to manage and distribute software updates to systems on computer networks, according to security researchers and VSA’s maker, Kaseya Ltd.”
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South China Port Congestion Worsens As Traffic Jam Of Container Ships Builds.
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Amazon Is Now Mostly All Made-In-China.
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Commodities:
Supply chain pressures are still a problem due to workforce shortages, manufacturing group says.
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California gasoline tax increases to over 50 cents.
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Drivers will face the highest July 4th gasoline prices in 7 years and they are heading higher.
Inflation Watch:
‘Inflation is the silent killer,’ as many retirees are feeling the sting.
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Over at Fox Business: Fed’s Bullard warns inflation could be higher than expected in 2022.
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General Mills is the latest company to face a big inflation hit.
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This article was published in The New York Post on June 10th: From milk to cars, here’s where inflation is hitting America’s wallets.
Forex & Cryptos:
Venezuela To Chop Off Six Zeros From Bolivar In 3rd Currency Redenomination In 13 Years.
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Surprise jump to 17.5% lifts Turkish inflation to 2-year high.
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A Bitcoin Indicator Just Hit A 9-Month Low, What Does It Mean For The Price?
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World’s Top Bitcoin Mining-Rig Maker Halts Sales as Clients Flee.
Tangibles Investing:
Strong Demand For RVs Expected To Roll Into 2022. Here is a quote:
“The key driver here appears to be a more diverse demographic and an influx of first-time buyers seeking safe, socially-distanced and family-oriented activities, with the RV lifestyle checking all the boxes. While this has prompted investor concerns regarding the sustainability of this demand as consumers return to their pre-pandemic lifestyles, we believe the expansion of this addressable market for RVs is a long-term positive for the industry,” analysts from financial firm Raymond James wrote in a note to clients.”
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Guns and ammo now tax-free in West Virginia.
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NYC Suburban Housing Boom Slows As “Inventory Ran Out”.
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Exactly How Much Land Do You Need to Be Self Sufficient?
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 or via our Contact form.) These are often especially relevant because they come from folks who closely watch specific markets. If you spot any news that would be of interest to SurvivalBlog readers, then please send it in. News items from local news outlets that are missed by the news wire services are especially appreciated. And it need not be only about commodities and precious metals. Thanks!