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 how collectibles and other tangibles fare in times of inflation. (See the Tangibles Investing section.)
Precious Metals:
Hedge funds will remain bearish on gold price until the Fed slows its pace of tightening.
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Could a Red Wave Cool Off the Retail Bullion Market?
Economy & Finance:
Just as predicted: Fed announces third consecutive 75-basis point rate hike.
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Bram Berkowitz: Will the Fed Pivot This Week?
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An often-overlooked economic measure is signaling serious trouble ahead.
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From the lefties at the Detroit Free Press: Is a recession inevitable in 2023? What the experts are saying.
Commodities:
Miner BHP Warns of Inflation Risks in 2023, Says China Demand to Stabilize.
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Energy Execs Tell Granholm Shuttered US Oil Refineries Won’t Restart.
Inflation Watch:
Inflation Hits New Record in Europe, Slowing Economy.
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The Wall Street Journal: Inflation Pushes Social Security COLA to 8.7% in 2023, Highest Increase in Four Decades.
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Inflation Soars Over 300% in Venezuela in Blow to Maduro Rebound.
Forex & Cryptos:
What the strong dollar means for you.
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Over at Currency Thoughts: October 2022 in Figures.
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Price Surge Puts Majority Of Ethereum Investors In Profit.
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Bank for International Settlements Tests mBridge: Successful Pilot Of Cross-Border CBDC Platform.
Tangibles Investing:
Barron’s: Inflation Has yet to Dampen Art Market.
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Who Benefits From Inflation? An excerpt:
“‘Historically, collectibles such as fine art, wine and vintage automobiles have benefitted from inflationary periods of time as the dollar loses purchasing power,’ Diton says.
If you’re a fine art investor, you could be sitting pretty soon. The trading platform Masterworks crunched the numbers from the last major inflationary period, 1973 to 1981, and concluded that during this time, the value of an investment in art went up more than the value of gold.”
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Palmetto State Armory (one of our affiliate advertisers) is continuing to reduce its prices on AR-15 parts, AR-10 parts, and magazines. So this is a good time to accumulate the parts that you need for your planned builds. They are also offering free shipping on PSA uppers, rifle kits, and pistol kits, but only until Sunday, November 6th, 2022.
Provisos:
SurvivalBlog and its Editors are not paid investing 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!