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, I’m posting an update on investing in binary triggers. (See the Tangibles Investing section, near the end of this column.)
First up, there is this from Peter Hug: Gold Price Fighting Stronger Dollar
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American Eagle Gold, Silver Coin Demand on Track for 10-Year Lows. JWR’s Comment: My Inner Contrarian is whispering: “Jim: When others are shunning physical, then buy physical.”
Mark O’Byrne: Next Wall Street Crash Looms? Lessons On Anniversary Of 1987 Crash. After another 200 point jump on Monday, one must ask: how high is up? This mania cannot carry on much longer without a sharp correction
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Tangibles Investing (Binary Triggers):
Those of you who took my cue and bought a few extra binary triggers are now in a good position. You probably won’t lose any money. When I first issued my alert, you could buy a Franklin Armory BFS-III binary trigger for $387. In fact, you can still get them at that price from a few sellers like OpticsPlanet.com, but only if you are willing to place a backorder for three to seven weeks. But finding one “in captivity” is a whole ‘nother matter. Presently the few sellers with them in stock are finding eager buyers, at $500+ each at gun shows, and at online auction sites. It is now apparent that the congressional bills are not being fast-tracked. And the ATF decided to “punt” on the issue, handing any decision-making back to Congress. Hmmm… As of this writing, H.R. 3999 still has just 25 co-sponsors. But it is now in its second committee, where it might get stalled. So now it appears that we’ve reached a Binary Decision Day. Here is your binary choice:
A.) You decide to sell. If you now feel confident that the ban bills now before Congress will die in Committee, then this is a good time to take your profit. Keep only the triggers you need for your own ARs, and sell the rest for a nice profit.
B.) You decide to “hold.” What if another guy goes Postal/Amok/Prozac/Allahu Ahkbar with an AR in the next few weeks? Then our “All Things are Negotiable” President will probably sign a ban bill. And if that is is a ban with a Grandfather Clause enacted, then the frozen pool of grandfathered binary triggers could be selling for $2,500+ apiece, at this time next year. If enacted without a Grandfather Clause (far less likely), then you could lose you entire investment.
I warned you that this investment would be a gamble. Your sell/hold decision today will be a test of what sort of gambler you are. Again, this is not an investment for widows and orphans. It is for someone with some extra cash, and willing to risk it all. – JWR
SurvivalBlog and its Editors are not paid investment counselors or advisers. So please see our Provisos page for our detailed disclaimers.
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!