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 discontinued car models. Pictured is a pre-1999 air-cooled Porsche 911 — made before the major engine design change and body style re-vamp (See the Tangibles Investing section near the end of this column.)
Precious Metals:
From the perspective of chartist Mark Mead Baillie: Gold Sits On Its Box Whilst The Herd Chase Stocks
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As of May 6, 2019 I issued a physical silver a Strong Buy recommendation. Presently at around $14.75 per Troy ounce, I see nowhere for it to go but up.
Economy & Finance:
Wolf Richter reports: Fed’s QE Unwind Continues at Full Speed in April
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Trucking Skids into Downturn after Phenomenal Boom
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At Seeking Alpha: P/E Ratios At Market Peaks
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Text and audio from Ron Paul: The War on Cash Is A War on Liberty. Here is a quote from the former congressman:
“Authoritarians are forever trying to surveil and manipulate humanity to their desired ends. Advances in technology have surely made it easier in many respects. A very big goal, from the point of view of any true authoritarian, would be the abolition of cash. All economic transactions monitored. No privacy whatsoever. The accomplishment of such a goal is far from a done deal. We should stand against it at every turn.”