The mainstream media is finally starting to pick up on the Iran nuclear threat. I’ve often said that this decade of the “Aughts” will end up looking a lot like the 1970s. The parallels have already been evident: the rising price of oil, rising commodity prices, unstable stock and currency markets, mass inflation, rising precious metals prices, and a protracted counterinsurgency campaign overseas that is causing friction with european governments. And now, heightened tensions with Iran. (Do you remember the Iran hostage crisis in the late 1970s?) Consider this FFTAGFFR, folks!
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The price of silver just took a profit-taking dip to $9.00 per troy ounce on the spot market yesterday. (Tuesday, Jan.17, 2006.) Meanwhile, gold has dipped to around $552. This could be your last good chance to buy before the bull resumes his charge. According to some analysts, the weakening dollar, the ongoing trade and budget deficits, and the nascent saber-rattling tension with Iran point to a target of $10.20 silver and $607 gold for April of 2006. Silver is definitely the better buy of the two. Yes, it is much bulkier than gold, but it is far more likely to double in price than gold. If you have been doddling, then it is high time to call Swiss America, or one of the other reputable precious metals dealers, and stock up.
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If any of you readers have not yet visited the KT Ordnance web site, then you should. Richard sells gunsmithing goodies with an interesting angle: He makes 80% finished rifle and pistol receivers, as well as jigs, tools, and instructional DVDs that detail how to complete them. Under the Federal law, these are NOT considered “firearms”, and can be legally completed as semi-autos by private individuals for their personal use WITHOUT completing a Form 4473! (Consult your state and local laws before ordering.) OBTW, Richard is currently running a special 10% off of all orders (all 80% complete frames, not just Model 1911s–but excluding jigs), just for SurvivalBlog readers. Check it out! This sale ends on January 31st.
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I recently learned that Loompanics Unlimited is going out of business. For many years, they’ve sold an eclectic panoply of books that you can’t find anywhere else. I was sorry to hear that Mike Hoy is shutting his doors. 🙁 The only good news is that Mike is blowing out his remaining inventory at 50% off. Check out his online catalog. There are some great book titles there!