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 trend of pandemic era “sight unseen” house buying. (See the Tangibles Investing section.)
Precious Metals:
I recommend watching a fascinating video interview with Egon Von Greyerz: Spiking Food Prices Kick Off Inflationary Endgame. He calls the current unemployment rate “catastrophic.” He warms of eventual hyperinflation. And at the 19 minute mark he clearly illustrates how the stock markets are disconnected from reality. He predicts much higher prices for precious metals “…as a function of the destruction of paper money.”
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Commerzbank: gold-silver price ratio hits lowest level since mid-March
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Hub Moolman: Silver Is Ensured A Prosperous 2020 Thanks To The Fed
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25% of your portfolio should be gold, 5% bitcoin says inventor, venture capitalist Alex Mashinsky
Economy & Finance:
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At Zero Hedge: Goldman Spots A Huge Problem For The Fed
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J.C. Penney Files for Bankruptcy Protection
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At Wolf Street: Week 8 of the Collapse of the U.S. Labor Market: Nearing a Previously Unthinkably Deep Bottom?