In Economics & Investing Media of the Week we feature photos, charts, graphs, maps, video links, and news items of interest to preppers.
Economics & Investing Links of Interest
- Spot silver closed at $72.12 per Troy ounce on Wednesday. Gold, platinum, and palladium were also up, similarly. And also on Wednesday, we saw $77.12 in Shanghai trading! (A huge opportunity for the arb traders.) Silver in Hong Kong briefly touched $75.62 this morning. For anyone who established their silver stack at below $35 per ounce, this is a logical time to liquidate 5% of your silver holdings, and put the proceeds into a different tangible, such as paying down a home mortgage or HELOC, or stacking some full ammo cans or spare un-papered guns. There is almost always an advantage to diversification. For some details on how to gradually divest, see my recent article: Planning Your Silver Bull Market Exit Strategy. – JWR
- The conspiracy to suppress the spot silver price is doomed to fail. There is a massive short squeeze in progress. The buying in Asia is relentless, so the trading rules changes at the LBMA and Comex will at most only slow the bull market. Watch for higher margin requirements. The Comex may also restrict physical deliveries to just industrial silver users and ETFs. All other contract holders might only be handed cash, upon settlement. There will surely be some spectacular fireworks in silver trading in the next four weeks.
- With the silver bull on a rampage, this is a particularly advantageous time for SurvivalBlog readers to trade silver for guns, at Elk Creek Company. With federally-exempt “antiques” there is no FFL paperwork required. But please check your state and local laws before ordering. Just let me know when you pick out one or more pre-1899 antique guns, or other items from my Elk Creek Company catalog, and what you have to trade. (You may ignore the Ordering Hiatus notice on my main web page, when making trades.) – JWR
- From The Economic Times (of India): Why is silver price rising and how long will it rise as silver price hits a new record high of $66.5 per ounce, up 130% this year.
- Reuters: Dollar set for worst year since 2017, yen still in focus.
Economics & Investing Media Tips:
Please send your economics and investing links to JWR. (Either via e-mail or via our Contact form.) Thanks!
