Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. In this column, JWR also covers hedges, derivatives, and various obscura. Most of these items are from JWR’s “tangibles heavy” contrarian perspective. Today, we look at offshore tax havens and digital nomad visas. (See the Offshore Havens section.)
Precious Metals:
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At Gold-Eagle.com: Gold Investors Still MIA
Economy & Finance:
Reader H.L. sent this: Retirees lost 23% of their 401(k) savings in 2022, Fidelity says.
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Reader D.S.V. spotted this: Biden commits U.S. tax dollars to pay Ukraine officials’ salaries and pensions. JWR’s Comment: Wow! Your tax dollars at work. Aunt Polly can’t afford to pay her electricity bill, but the Bidenistas want to spend our taxes to pay for the retirement of Ukranian government bigwigs? I feel like I’ve stepped into an episode of The Twilight Zone.
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Linked over at the Whatfinger.com news aggregation site: Inflation woes: Why organic-food shoppers are especially feeling the pinch.
Commodities:
Tom L. was the first of several readers to send the link to this video on the mining issues of electric car mandates: Make The Truth Great Again.
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America’s Largest Power Grid Faces Worsening Reliability Risks.
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Inside Germany’s industrial-sized effort to wean itself off Putin and Russian natural gas.
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From OilPrice News: Could Gravity Batteries Win The Energy Storage War? JWR’s Comment: We’ve actually had huge gravity batteries in this country for 140 years, and they are very efficient. They are called hydroelectric dams.
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The real impact of Russia’s invasion of Ukraine on commodities.
Offshore Havens:
Where You Can Buy Residence Permits.
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Which European countries have digital nomad visas?
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51 Countries With Digital Nomad Visas – The Ultimate List.
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Tax Havens: All You Need to Know.
Forex & Cryptos:
Fed, ECB Set To Hike Rates Even Higher Than Priced.
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How A Country Loses Its Currency Reserve Status.
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At Currency Thoughts: Dollar Strengthens Ahead of Release of U.S. Personal Consumption Price Deflator.
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Turkish Central Bank Rate Cut.
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Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’.
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From the IMF: The Future of Money: Gearing up for Central Bank Digital Currency.
Tangibles Investing:
The housing market correction has already caused homeowners to lose $2.3 trillion.
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A quick perusal at Zillow.com reveals that the number of property listings in The American Redoubt has nearly doubled in the past six months. Clearly, inventory is growing, and “days on the market” are lengthening. So it is just a matter of time before prices drop substantially. I’m thinking that September of 2023 is the time to start looking for bargains. Why September? After properties fail to sell in the much-touted summer buying season, sellers will get desperate and slash their asking prices. They might also be more open to accepting “below asking price” offers. – JWR
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. Thanks!