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 scarce variants of the Ruger Mini-14 carbine. (See the Tangibles Investing section.)
Precious Metals:
Gold Prices Holding Near 2-Month Highs After U.S. ISM Manufacturing Survey Falls In May. JWR’s Comments: Gold and silver are not for timorous investors. The price swings can be large, and they can test the patience of many folks who are not willing to commit for the long haul. Remember: Precious metals are not “money-making” investments. Rather, they represent a store of wealth, as insurance against the inevitable decline of the U.S. Dollar and other fiat currencies.
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Funds Increase Bullish Gold Positioning, Pessimistic Toward Silver
Economy & Finance:
10-year yield continues collapse on slowing growth fears, falls as low as 2.07%
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Here’s the value of $1 in each state, according to new data. Not surprisingly, the five American Redoubt States fared quite well. (It is only in Washington–and I suspect that is just western part of Washington–where a Dollar presently buys less than a Dollar’s worth.) The high cost of business overhead is difficult to escape, on the coasts.
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Steven Pearlstein: A new credit bubble gets ready to burstContinue reading“Economics & Investing For Preppers”