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 the recent “Crypto Collapse”.
Precious Metals:
Egon von Greyerz: Gold Will Surge As The World Hits A Rock Or A Hard Place. It is noteworthy that a lot of his advice is in very close alignment to what you’ve reading from me in SurvivalBlog for more than a dozen years. Here is a quote from that essay:
Critical Steps To Take
So what can we all do in the meantime. Here are a few tips:
Get out of the stock market on the coming final rally
Get out of the bond market
Get out of debt
Get out of investment property
Don’t depend on a pension system which is likely to fail
Don’t expect the government to look after you
If you lose your job, plan how you can survive. There are lots of services that are in demand in a depression.
If you have savings, don’t keep them in the banking system
Hold gold and silver outside the banking system
Family and friends are extremely important in difficult times. Create a circle of mutual dependence and trust.
Forex:
Video from FX Empire: AUD/USD Technical Analysis
Cryptocurrencies (Crypto Collapse):
My warning about wide price swings in the cryptocurrencies has now been realized. Fortune reports: Bitcoin Plunges to $10,000, Half Its Peak Price, as Investor Fears Blossom
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At least one Bitcoin pundit has claimed that there are annual crashes in Bitcoin, every year, in January. Back in November, he fairly accurately predicted a January 2018 crash.
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Investor CryptosRUs led and interesting half hour Google Hangouts Video: Quick Review of the Market – Q&A – 1/19/2018. (Jump forward the to 1:45 mark, to start watching.) This videos gives a good insight on how today’s Crypto market investors compare notes.
Economy and Finance:
The perils of mass inflation: Venezuela releases new banknotes in cash crisis. Here are a couple of great quotes that will sound quite familiar to SurvivalBlog readers:
“Rule No. 1 of surviving hyperinflation is simple: Get rid of your money. Given the speed with which money is shedding its value, holding on to it means you’re losing out. The second you’re paid you run out as fast as you can to buy something – anything – while you can still afford it. It’s better to hold almost any asset than money, because assets hold their value and money doesn’t.”
“Find a can of tuna? Buy it. Even if you hate tuna. Even if you have no intention of eating tuna. You can always trade it for something else later. Tuna holds its value. Money doesn’t.”
Tangibles Investing:
A key part of investing in tangibles is keeping them safe and secure. Take a look at this: 75+ Clever Ways To Hide Valuable Things From Thieves. They present some very clever ideas, all shown in photographs.
Provisos:
SurvivalBlog and its Editors are not paid investment counselors or advisers. So 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 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!
Check out Hidden Safes Inc. in Memphis, Tn. Been hiding safes almost 40 years. Would make a great interview/article.