August, 2024 in Precious Metals, by Everett Millman

Welcome to SurvivalBlog’s Precious Metals Month in Review, where we take a look at “the month that was” in precious metals. Each month, we cover gold’s performance and silver’s performance and examine the factors that affect the metal prices.

WHAT DID GOLD AND SILVER DO IN AUGUST?

The precious metals enjoyed another month of modest gains in August. The results would have been more impressive if not for a sharp sell-off on the last trading day of the month.

Spot gold began the month around $2,450 per troy ounce and finished at $2,502/oz. Silver prices opened August below $28.50/oz and closed out 40 cents higher at $28.82, a roughly 1.4% increase.

The week beginning August 5th was particularly unkind to the metals, even as markets for stocks, bonds, and currencies experienced heightened volatility. Silver slumped lower by $1.93 per ounce over the course of Monday, August 5th through Wednesday the 7th. That represented a 6.8% swoon and brought spot silver to its low for the month at $26.68/oz. Gold lost almost 2.5% over the same period.Continue reading“August, 2024 in Precious Metals, by Everett Millman”

JWR’s Meme Of The Week:

The latest meme created by JWR:

Meme Text:

In My PC’s Calendar, I Tried Deleting The 2020s, To Start Over…
But It Didn’t Work!

Notes From JWR: Do you have a meme idea? Just e-mail me the concept, and I’ll try to assemble it. And if it is posted then I’ll give you credit. Thanks!

Permission to repost memes that I’ve created is granted, provided that credit to SurvivalBlog.com is included.

The Editors’ Quote of the Day:

“I beseech you therefore, brethren, by the mercies of God, that ye present your bodies a living sacrifice, holy, acceptable unto God, which is your reasonable service.

And be not conformed to this world: but be ye transformed by the renewing of your mind, that ye may prove what is that good, and acceptable, and perfect, will of God.

For I say, through the grace given unto me, to every man that is among you, not to think of himself more highly than he ought to think; but to think soberly, according as God hath dealt to every man the measure of faith.

For as we have many members in one body, and all members have not the same office:

So we, being many, are one body in Christ, and every one members one of another.

Having then gifts differing according to the grace that is given to us, whether prophecy, let us prophesy according to the proportion of faith;

Or ministry, let us wait on our ministering: or he that teacheth, on teaching;

Or he that exhorteth, on exhortation: he that giveth, let him do it with simplicity; he that ruleth, with diligence; he that sheweth mercy, with cheerfulness.

Let love be without dissimulation. Abhor that which is evil; cleave to that which is good.

Be kindly affectioned one to another with brotherly love; in honour preferring one another;

Not slothful in business; fervent in spirit; serving the Lord;

Rejoicing in hope; patient in tribulation; continuing instant in prayer;

Distributing to the necessity of saints; given to hospitality.

Bless them which persecute you: bless, and curse not.

Rejoice with them that do rejoice, and weep with them that weep.” –  Romans 12:1-15 (KJV) 

Preparedness Notes for Saturday — August 31, 2024

On August 31, 1889, the Second International Electrical Congress adoped the Joule as a unit of energy (after James Prescott Joule), the Watt as a unit of power (after James Watt) and the Quadrant as a unit of electrical inductance. (The Quadrant was later renamed the Henry.)  Pictured is Scottish engineer, chemist, and inventor James Watt.

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On August 31, 1745 in the Jacobite Rising: Bonnie Prince Charlie reached Blair Castle, Scotland.

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August 31, 1422, Henry VI became King of England at the age of 9 months.

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August 31st, 1992 is the day that Randy Weaver surrendered to the Federal Authorities, ending the 10-day siege on Ruby Ridge.

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Today’s feature article is a guest piece by Brandon Smith, the Editor of Alt-Market.us and The Wild Buch Dispatch. Both are recommended by JWR.

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We are seeking entries for Round 114 of the SurvivalBlog non-fiction writing contest. More than $900,000 worth of prizes have been awarded since we started running this contest. In 2023, we polled blog readers, asking for suggested article topics. Please refer to that poll if you haven’t yet chosen an article topic. Round 114 ends on September 30th, so get busy writing and e-mail us your entry. Remember that there is a 1,500-word minimum, and that articles on practical “how-to” skills for survival have an advantage in the judging.

Carry Trade Trap: Why The Fed Has Waited So Long To Cut Rates, by Brandon Smith

Editor’s Introductory Note: This article was written by Alt-Market.us Editor Brandon Smith and originally published by the Birch Gold Group. It is reposted with permission.

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In 2022 there was considerable debate among alternative economists what the Federal Reserve was likely to do in the face of rising stagflation. There were people who argued that the Fed would capitulate to stock market demands, stop raising interest rates and return to Quantitative Easing (QE). These analysts operated on the assumption that the central bank wants to save the US economy from substantial deflationary crisis and that they will happily print money forever in order to delay such an event.Continue reading“Carry Trade Trap: Why The Fed Has Waited So Long To Cut Rates, by Brandon Smith”

Editors’ Prepping Progress

To be prepared for a crisis, every Prepper must establish goals and make both long-term and short-term plans. In this column, the SurvivalBlog editors review their week’s prep activities and planned prep activities for the coming week. These range from healthcare and gear purchases to gardening, ranch improvements, bug-out bag fine-tuning, and food storage. This is something akin to our Retreat Owner Profiles, but written incrementally and in detail, throughout the year.  We always welcome you to share your own successes and wisdom in your e-mailed letters. We post many of those — or excerpts thereof — in the Odds ‘n Sods Column or in the Snippets column. Let’s keep busy and be ready!

Jim Reports:

We’ve just begun a big new project this week that is sucking up a lot of our time. So this column may be sparse for the next few weeks.  Some details will follow. Thanks for your patience.

Now, Lily’s part of the report…

Continue reading“Editors’ Prepping Progress”

The Editors’ Quote of the Day:

“But king Solomon loved many strange women, together with the daughter of Pharaoh, women of the Moabites, Ammonites, Edomites, Zidonians, and Hittites:

Of the nations concerning which the Lord said unto the children of Israel, Ye shall not go in to them, neither shall they come in unto you: for surely they will turn away your heart after their gods: Solomon clave unto these in love.

And he had seven hundred wives, princesses, and three hundred concubines: and his wives turned away his heart.

For it came to pass, when Solomon was old, that his wives turned away his heart after other gods: and his heart was not perfect with the Lord his God, as was the heart of David his father.

For Solomon went after Ashtoreth the goddess of the Zidonians, and after Milcom the abomination of the Ammonites.

And Solomon did evil in the sight of the Lord, and went not fully after the Lord, as did David his father.

Then did Solomon build an high place for Chemosh, the abomination of Moab, in the hill that is before Jerusalem, and for Molech, the abomination of the children of Ammon.

And likewise did he for all his strange wives, which burnt incense and sacrificed unto their gods.

And the Lord was angry with Solomon, because his heart was turned from the Lord God of Israel, which had appeared unto him twice,

And had commanded him concerning this thing, that he should not go after other gods: but he kept not that which the Lord commanded.

Wherefore the Lord said unto Solomon, Forasmuch as this is done of thee, and thou hast not kept my covenant and my statutes, which I have commanded thee, I will surely rend the kingdom from thee, and will give it to thy servant.

Notwithstanding in thy days I will not do it for David thy father’s sake: but I will rend it out of the hand of thy son.

Howbeit I will not rend away all the kingdom; but will give one tribe to thy son for David my servant’s sake, and for Jerusalem’s sake which I have chosen.

And the Lord stirred up an adversary unto Solomon, Hadad the Edomite: he was of the king’s seed in Edom.” – 1 Kings 11:1-14 (KJV)

Preparedness Notes for Friday — August 30, 2024

On August 30, 1146, European leaders outlawed the crossbow, with the stated intent of ending war for all time. (Pictured is a 16th-Century German Crossbow.)  Here is a quote from an article titled: The Crossbow – A Medieval Doomsday Device:

“For much of the Middle Ages, the crossbow was considered to be one of the most destabilizing weapons in existence, not unlike today’s nuclear, chemical and biological weapons.” In the 12th Century, the crossbow was considered by many to be a weapon of mass destruction. Not only was it was remarkably accurate and deadly at vast distances, but shockingly, the bolts it fired could penetrate a knight’s armour. Crossbows meant that no breast-plated nobleman, prince or king was safe on the battlefield. Any low-born peasant with just a bit of training could kill a lord or sovereign with [the] simple squeeze of a trigger — a platoon of crossbowmen could wipe out a kingdom’s aristocracy with just a few volleys.”

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August 30th is the birthday of the late Joachim Rønneberg, a hero of the Norwegian resistance during World War II. He was born in 1919. His exploits earned him the War Cross With Sword, Norway’s highest military honor. In April 2013, Rønneberg was presented with a Union Jack during a ceremony at the Special Operations Executive (SOE) monument in London to mark 70 years since the successful Gunnerside heavy water plant sabotage mission. Rønneberg died in 2018, just one year short of his 100th birthday.

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American Gunsmithing Institute (AGI) is one of the long-time prize sponsors of our writing contest. They recently announced a new course on DVD (or online) that should be of great interest to SurvivalBlog readers: Survival Gunsmithing. This course has more than 10 hours of instruction. It will be priced at $397. But for just a limited time, it is being sold at 50% off.

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SurvivalBlog Writing Contest

Today we present another entry for Round 114 of the SurvivalBlog non-fiction writing contest. The prizes for this round include:

First Prize:

  1. The photovoltaic power specialists at Quantum Harvest LLC  are providing a store-wide 10% off coupon. Depending on the model chosen, this could be worth more than $2000.
  2. A Gunsite Academy Three Day Course Certificate. This can be used for any of their one, two, or three-day course (a $1,095 value),
  3. A Peak Refuel “Wasatch Pack” variety of 60 servings of premium freeze-dried breakfasts and dinners in individual meal pouches — a whopping 21,970 calories, all made and packaged in the USA — courtesy of Ready Made Resources (a $350 value),
  4. American Gunsmithing Institute (AGI) is providing a $300 certificate good towards any of their DVD training courses. Their course catalog now includes their latest Survival Gunsmithing course.
  5. HSM Ammunition in Montana is providing a $250 gift certificate. The certificate can be used for any of their products.

Second Prize:

  1. A SIRT STIC AR-15/M4 Laser Training Package, courtesy of Next Level Training, that has a combined retail value of $679
  2. Two 1,000-foot spools of full mil-spec U.S.-made 750 paracord (in-stock colors only) from www.TOUGHGRID.com (a $240 value).
  3. A Laptop EMP Shield and a Smartphone Faraday Bag (a combined value of $200), courtesy of MobileSecSolutions.com.
  4. Two sets of The Civil Defense Manual, (in two volumes) — a $193 value — kindly donated by the author, Jack Lawson.
  5. Two Super Survival Pack seed collections, a $150 value, courtesy of Seed for Security, LLC.
  6. A transferable $150 FRN purchase credit from Elk Creek Company, toward the purchase of any pre-1899 antique gun. There is no paperwork required for delivery of pre-1899 guns into most states, making them the last bastion of gun purchasing privacy!

Third Prize:

  1. A Berkey Light water filter, courtesy of USA Berkey Filters (a $305 value),
  2. Three sets each of made-in-USA regular and wide-mouth reusable canning lids. (This is a total of 300 lids and 600 gaskets.) This prize is courtesy of Harvest Guard (a $270 value)
  3. A $200 credit from Military Surplus LLC that can be applied to purchase and/or shipping costs for any of their in-stock merchandise, including full mil-spec ammo cans, Rothco clothing and field gear, backpacks, optics, compact solar panels, first aid kits, and more.
  4. A transferable $150 FRN purchase credit from Elk Creek Company, toward the purchase of any pre-1899 antique gun.

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More than $900,000 worth of prizes have been awarded since we started running this contest. In 2023, we polled blog readers, asking for suggested article topics. Please refer to that poll if you haven’t yet chosen an article topic. Round 114 ends on September 30th, so get busy writing and e-mail us your entry. Remember that there is a 1,500-word minimum, and that articles on practical “how-to” skills for survival have an advantage in the judging.

Learning How To Be a Marksman – Part 4, by Tunnel Rabbit

(Continued from Part 3. This concludes the article.)

Precision shooting is the pursuit of the ability to hit small targets at long ranges with one shot. As hits count and misses do not, given the battlefield level of accuracy that most rifles and shooters are capable of, limiting our range to 300 yards is realistic and practical. Training at 400 yards and then shooting at 300 yards will make the shooter work harder and better ensure that they can hit the first time, every time at closer ranges. Do not let the enemy get closer than 300 yards. At 200 yards you will have lost most of your advantage and battlefield superiority and the ability to fall back to the next fighting position that would be located at least 300 yards to the rear. 300 yards should be the line in the sand. The more hunting rifles and shooters that can defend that line the better. Fire all at once, and then fall back. If possible, do not become decisively engaged. Maintain the initiative and don’t allow yourself to be pinned down and out-flanked.

If your ammunition uses boattail soft points, it will have a better trajectory. .30-06 shoots best with heavy bullets, but a light bullet like a 150-grain soft point is more than adequate and flatter-shooting, making it easier to hit at 400 with a 200-yard zero. The most useful zero for high-power rifles is typically at around 250 to 275 yards, but because I do not know what ammunition you have, a 200-yard zero is the best general advice and can be applied to most of the rifles in your arsenal as their hunting scopes have and adequate range of adjustment. You can use the JBM Calculator website yourself by plugging in the velocity and bullet weight and type into this calculator. It is a good mental exercise.Continue reading“Learning How To Be a Marksman – Part 4, by Tunnel Rabbit”

Economics & Investing For Preppers

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, we look at the continuing bull market in precious metals. (See the Precious Metals section.)

Precious Metals:

FoxNews: Value of gold bar hits $1 million for first time ever.  (A hat tip to H.L. for the link.)

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Gold Holds Above $2,500 as Powell Signals Rate Cuts Are Coming.

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At Kitco.com: “The time has come for policy to Adjust” – Fed Chairman Jerome Powell signals a new era in monetary policy.

Economy & Finance:

Reader D.S.V. sent this: The Kamala Harris plan to tax ‘unrealized gains’ would crash the American economy.

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Americans Now Need $2.5 Million To Be Considered Wealthy: Charles Schwab Survey.

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At Zero Hedge:  US Jobs Revised Down By 818,000 In Election Year Shocker, Second Worst Revision In US Histoy.

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Macy’s Plunges On “Sharp Cut” To Full-Year Forecast; Goldman Expects Consumer Weakness To Persist.

Continue reading“Economics & Investing For Preppers”

Preparedness Notes for Thursday — August 29, 2024

On August 29, 1831, Michael Faraday demonstrated the first electric transformer.

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In 1862, the Second Battle of Bull Run in Virginia began. The same day marked the founding of the U.S. Bureau of Engraving and Printing.

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August 29, 2005: Hurricane Katrina made landfall near New Orleans, Louisiana, as a Category 4 hurricane.  The botched local and FEMA response in the storm’s aftermath turned millions of Americans into preppers.

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SurvivalBlog Writing Contest

Today we present another entry for Round 114 of the SurvivalBlog non-fiction writing contest. The prizes for this round include:

First Prize:

  1. The photovoltaic power specialists at Quantum Harvest LLC  are providing a store-wide 10% off coupon. Depending on the model chosen, this could be worth more than $2000.
  2. A Gunsite Academy Three Day Course Certificate. This can be used for any of their one, two, or three-day course (a $1,095 value),
  3. A Peak Refuel “Wasatch Pack” variety of 60 servings of premium freeze-dried breakfasts and dinners in individual meal pouches — a whopping 21,970 calories, all made and packaged in the USA — courtesy of Ready Made Resources (a $350 value),
  4. American Gunsmithing Institute (AGI) is providing a $300 certificate good towards any of their DVD training courses. Their course catalog now includes their latest Survival Gunsmithing course.
  5. HSM Ammunition in Montana is providing a $250 gift certificate. The certificate can be used for any of their products.

Second Prize:

  1. A SIRT STIC AR-15/M4 Laser Training Package, courtesy of Next Level Training, that has a combined retail value of $679
  2. Two 1,000-foot spools of full mil-spec U.S.-made 750 paracord (in-stock colors only) from www.TOUGHGRID.com (a $240 value).
  3. A Laptop EMP Shield and a Smartphone Faraday Bag (a combined value of $200), courtesy of MobileSecSolutions.com.
  4. Two sets of The Civil Defense Manual, (in two volumes) — a $193 value — kindly donated by the author, Jack Lawson.
  5. Two Super Survival Pack seed collections, a $150 value, courtesy of Seed for Security, LLC.
  6. A transferable $150 FRN purchase credit from Elk Creek Company, toward the purchase of any pre-1899 antique gun. There is no paperwork required for delivery of pre-1899 guns into most states, making them the last bastion of gun purchasing privacy!

Third Prize:

  1. A Berkey Light water filter, courtesy of USA Berkey Filters (a $305 value),
  2. Three sets each of made-in-USA regular and wide-mouth reusable canning lids. (This is a total of 300 lids and 600 gaskets.) This prize is courtesy of Harvest Guard (a $270 value)
  3. A $200 credit from Military Surplus LLC that can be applied to purchase and/or shipping costs for any of their in-stock merchandise, including full mil-spec ammo cans, Rothco clothing and field gear, backpacks, optics, compact solar panels, first aid kits, and more.
  4. A transferable $150 FRN purchase credit from Elk Creek Company, toward the purchase of any pre-1899 antique gun.

—

More than $900,000 worth of prizes have been awarded since we started running this contest. In 2023, we polled blog readers, asking for suggested article topics. Please refer to that poll if you haven’t yet chosen an article topic. Round 114 ends on September 30th, so get busy writing and e-mail us your entry. Remember that there is a 1,500-word minimum, and that articles on practical “how-to” skills for survival have an advantage in the judging.

 

Learning How To Be a Marksman – Part 3, by Tunnel Rabbit

(Continued from Part 2.)

Understanding Ballistic Coefficients

As a rule of thumb, projectiles with a ballistic coefficient (BC) of 0.400 or less and velocities of less than 2,750 fps (such as 77 grain .223 bullets out of 20″ AR barrel) will have a much more difficult time striking targets past 600 yards when compared to projectiles with greater ballistic coefficients and the same or higher velocities. The larger diameter projectiles with heavy for caliber bullets used in other cartridges beginning with 6mm ARC, or .243 Winchester can have higher ballistic coefficients and the same or greater velocities. Therefore they are much easier to hit targets with at longer distances. The 6.5 Creedmoor (CM) bullets typically have higher BCs and are a favorite with F-class (long range precision) shooters for that reason.Continue reading“Learning How To Be a Marksman – Part 3, by Tunnel Rabbit”

The Survivalist’s Odds ‘n Sods

SurvivalBlog presents another edition of The Survivalist’s Odds ‘n Sods. This column is a collection of news bits and pieces that are relevant to the modern survivalist and prepper from JWR. Our goal is to educate our readers, to help them to recognize emerging threats, and to be better prepared for both disasters and negative societal trends. You can’t mitigate a risk if you haven’t first identified a risk. In today’s column, we look at some weather and climate news. It bears mention that several of today’s news links can be credited to the oft-mentioned Whatfinger.com news aggregation site. I recommend bookmarking it. – JWR

Atlantic Ocean’s Sudden Cooling Baffles Scientists

Atlantic Ocean’s Sudden Cooling Baffles Climate Scientists… Have They Ever Heard Of La Nina?

Matt Bracken: When The Music Stops

Reader H.L. suggested this 2012 two-part essay by Matt Bracken that is still quite timely:

Continue reading“The Survivalist’s Odds ‘n Sods”