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 classic car sales. (See the Tangibles Investing section.)
Precious Metals:
Gold Bullion Bar Supply Crunch for US Mint. JWR’s Comment: If you want a real gauge of the genuine value of the flood of U.S Federal Reserve Notes (FRNs) and confidence in them, then just watch U.S. Mint sales. There, at the Mint, they produce real money. The death knell of the FRN will be heard soon.
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Australia Poised to Be the World’s Largest Gold Producer This Year.
Economy & Finance:
At IWB: Joe Biden’s Own Jobs Report Puts Joblessness Near 31% in August 2021.
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At Zero Hedge: Rabobank: What Is Coming Is A Bigger Economic, Market, And Geopolitical Earthquake Than QE Tapering.
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At Wolf Street: Most Distorted Labor Market Ever: Charts by Sector.
Commodities:
H.L. sent us this: Worldwide Natural Gas Prices Soar On Supply Crunch.
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OilPrice News reports: Is North Dakota’s Oil Industry Finally Bouncing Back?
Inflation Watch:
Anything but “transitory”: US Producer Prices Soar At Record Pace In August, Up 9 Months In A Row.
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From CNBC: A sharp rise in wages is contributing to worries over inflation.
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Some Progressives Are Flirting With a $24 to $26 Hourly Minimum Wage.
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Campbell Soup Plans More Price Increases to Counter Inflation. JWR’s Comments Remember: Inflation is not an increase in prices. Rather, it is an increase in t.e money supply. Higher wages, higher commodities prices, and increased consumer prices are natural responses to inflation.
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Beige Book Reveals Not Just Stagflation But Record Shortages Of Everything.
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Supply-Side Inflation Hits Home.
Forex & Cryptos:
US Dollar Continues to Strengthen, What’s the Market Uncertainty?
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In The BA Times: Poll shows Argentines expect inflation to hit 50% in next year.
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Anyone who is serious about currency pair trading must keep a close watch on volatility. This calculator is a helpful tool.
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El Salvador Is Trusting Its Guts On Bitcoin With $150 Million Allocated To A BTC Trust Fund.
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Bitcoin fell $10,000 on first day as El Salvador’s official currency.
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I missed seeing this article when it ran in July: Inside Scoin: How Seoul’s Mayor wants South Korea’s capital to become a cryptocurrency haven
Tangibles Investing:
Bidding was strong at the Auburn car auction, held in August. The classic car and truck market seems to be benefitting from both the used car shortage and the perception of general inflation.
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I just noticed that Palmetto State Armory (one of our affiliate advertisers) has put complete M4 lowers in Olive Drab Green on sale for just $125.99 each. These require an FFL. At the Palmetto website, enter SKU 7779347 in their search box. Stack them deep!
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!