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. And it bears mention that most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at investing in farm land. (See the Tangibles Investing section.)
Precious Metals:
The spot and futures silver markets are looking strong. Back In May, spot silver was around $14.50 per troy ounce. But presently, it is around $17.50. It has been solidly above $17 per ounce since the 1st of October. My suggestion: Hold on, folks. The silver bull has a long way to run.
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At Zero Hedge: Stunning Clip Shows Billions In Gold, Cash Hidden In Chinese City Mayor’s Secret Basement
Economy & Finance:
Another piece at Zero Hedge: “Money’s Not Worth Anything Anymore” – Ex-Credit Suisse CEO Blasts “Crazy” Negative Rates
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Monitoring yacht prices: Following the Greater Depression on eBay
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An interesting piece at Wolf Street: The Day When Repo Rates Blew Out: Fed Recounts a Fiasco that Occurred as the FOMC Was Meeting, and How it Reacted
I poured the powder in each chamber and immediately seated a ball. I used a short starter to do the initial seating. A surprising amount of force was needed. I suspect the range lead I melted down included hard-cast commercial lead bullets. Once the widest part of the ball was past the chamber mouth, I pushed the ball in until it was flush, using a short dowel. The balls have to be flush in order to put the cylinder back in the gun. Again, I load only five of the six chambers.