A Special Editor’s Note: This will be the last regular Economics & Investing For Preppers news column. Because so many news outlets have put their content behind paywalls, it has become increasingly difficult to assemble this column. It will be replaced by a new weekly item: Economics & Investing Media of the Week. That will typically be photos, video links, or the occasional news item.
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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. This column emphasizes JWR’s “tangibles heavy” investing strategy and contrarian perspective. Today, another look at stockpiling nickels. (See the Tangibles Investing section.)
Precious Metals:
The gold-hating editors of MSN report: Gold is suffering its worst drop in 12 years: Billionaire investor and ‘bond king’ Bill Gross thinks the top may be in. JWR Asks: How many economists and investing moguls did they have to contact before they could find one who agreed with their anti-gold narrative?
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Bloomberg Notes India Just Broke the Silver Market. JWR’s Comment: Empty silver warehouses? The Law of Supply and Demand dictates…
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Why Precious Metals Soared in October.
Economy & Finance:
Linked over at the Whatfinger.com news aggregation site: Amazon Plans to Replace More Than Half a Million Jobs With Robots.
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From the globalist/socialist IMF: Global Economy in Flux, Prospects Remain Dim.
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An Epoch Times piece, by way of Zero Hedge: The Gold And Silver Boom Is Ominous. Here is a quote:
“For all the world, this feels like a flight to the real. Central banks want gold and silver. Large investors. Heavily leveraged brokers. Huge institutions. Regular consumers. Everyone is grabbing as much of the stuff as possible right now.
Will there be a correction? Maybe. But this is truly worrisome. It reveals a lack of confidence in our fiat world.
The data right now seems to back up a genuine cause for worry. Inflation nearly disappeared completely once Trump took office. It happened without explanation. Maybe it was a reflection of optimism by business that they could eat more of the increased wholesale costs because big profits were headed their way.”