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 look at rare postage stamps. (See the Tangibles Investing section.)
Precious Metals:
Gold prices holding steady, waiting for potential trade fallout after Thanksgiving holiday
o o o
H.L. sent us this: Poland Repatriates Gold From Bank of England Storage to ‘Show Strength of its Economy’
Economy & Finance:
Martin W. Armstrong: QE Versus Managing Benchmark rates.
o o o
At Zero Hedge: Chinese Media Stunner: China Will Be The Next Country To Cut Rates To Zero
o o o
Voting with their feet: After Years of Threats, Schwab Joins Exodus, to Move Headquarters from San Francisco to Texas. Here is a quote:
“In 2015, Schwab still had 2,040 employees in San Francisco. By now, that has shrunk to 1,200.
So the writing was on the wall, when in May 2019, Charles Schwab himself indicated that moving the company’s headquarters out of San Francisco is being kicked around.
‘We’re pretty much a national company now,’ he told the San Francisco Business Times. He was “not sure” the company would remain in San Francisco. ‘We’ll continue looking at that as a possibility,” he said. “The costs of doing business here are so much higher than in some other place.’”