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’s focus is on robotic gold mining, in the near future.
Precious Metals (Robotic Gold Mining):
First up, some real food for thought: Assessing the long-term Gold and Silver market (2030-2060). JWR’s Comments: I take his prediction of robotic gold mining as further validation of my view that silver will substantially out-perform gold in the next couple of decades. (A robot could isolate gold nuggets, flakes, and dust. But silver, in contrast, is hardly ever found in those forms.) By the way, I believe that robotic beach or shallow offshore sands mining will be far less risky and less expensive than deep sea floor mining. It is worth mentioning that beach mining in Alaska has recently had quite a renaissance.
By way of Yer Ol’ Woodpile Report, I encountered this at Front Page Mag: Feds Get “Minimum Wage” of $100K: The bureaucracy that rules over us keeps getting richer and richer.
Economy and Finance:
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China Weighs Slowing or Halting Purchases of U.S. Treasuries. (Thanks to Gregg P. for the link.)
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Next, at West Monster: Germany’s Schulz threatens to pull cash from EU unless countries accept more migrants
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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!