Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we examine the recent run-up in gold, silver, and platinum prices. (See the Precious Metals section.)
Precious Metals:
First up, in U.S. Dollar terms, spot gold and gold futures just hit a 7-year high. And in Indian Rupee terms, gold futures hit at an all-time high. And who knows how gold is priced in some of the rapidly-ly inflating currencies. I don’t believe that we are yet anywhere near the top, in this bull market. And my advice is still to buy silver, rather than gold. Not only is it better for barter, but it is also more likely to double in value, than gold.
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Here Cometh the Fed – David Brady (July 24, 2020)
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A Record 170 Tons Of Physical Gold Were Just Delivered On The COMEX: Here’s Why
Economy & Finance:
David Stockman: Jobless Thursday – How the Donald Is Making America Poor Again. JWR’s Comment: The included charts paint a grim picture.
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Coronavirus aid package coming, $1,200 checks in August
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At Wolf Street: Brick & Mortar Retailers, Malls, Mall-REITs, and their Debts: The Whole Schmear is Coming Apart