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 investing in military surplus rifles. (See the Tangibles Investing section.)
Precious Metals:
Silver Price Forecast: Back into the Teens?
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Inflation climbs higher, but gold closes sharply lower.
Economy & Finance:
On Friday, the U.S. Senate advanced the Bipartisan Infrastructure bill with a 66-28 vote. JWR’s Comment: This is another trillion-dollar boondoggle that will help further destroy the value of the U.S. dollar.
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At Zero Hedge:
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WSJ: How a Landlord Making $75,000 a Year Could End Up in the Millionaire Tax Bracket.
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Wolf Richter: My Thoughts on the Fed’s Back-to-the-Future “Standing Repo Facilities” Announced Today.
Commodities:
Coffee Prices – 45 Year Historical Chart.
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OilPrice News reports: Natural Gas Deficit Causes Prices To Soar.
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Oil Tops $75 On Shrinking U.S. Crude Inventories.
Inflation Watch:
Fed leaves rates unchanged but admits inflation could force a change of policy.
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Key inflation indicator up 3.5% year over year in June for fastest gain since 1991.
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People Made Heroic Efforts to Spend. Inflation Ate Their Lunch.
Forex & Cryptos:
Currency Thoughts: Dollar Up 0.2% Against Euro, yen and Weighted index on Final Business Day of July.
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IMF Warns Against Adopting Crypto Assets Like Bitcoin as Legal Tender.
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A Hedged Bet On A Bitcoin Breakout.
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Biden to Step Up Crypto Tax Enforcement to Help Fund $1 Trillion US Infrastructure Plan.
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German law allowing institutional funds to hold crypto comes into effect Aug. 2.
Tangibles Investing:
A useful video that describes how the surplus military firearms market is shifting to an investing/collector market: Why Has Surplus Gotten SO Expensive?
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A good background article: Rifles of the Old World: The 1893 and 1895 Mausers.
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Best (Still available) Military Surplus Rifles.
“While the heyday for surplus rifles might have passed us by, you can still find several of them not only for a good price but also in great condition and with ammo available as well.”
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Ammunition shelves bare as U.S. gun sales continue to soar.
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Video: 2021 Housing Crash in YOUR CITY? Look at these 3 Metrics…
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!