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’s focus is on Recycling. (See the Commodities section.)
Precious Metals:
Gold Price Goes ‘Thunk’…And ‘Tis A Good Healthy Thing
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From H.L.: The Arms Race Between Gold Counterfeiters and Bullion Testers Is Heating Up. JWR’s Comment: This is yet another reason that I prefer buying circulated pre-’65 silver coins. (Since they are much more rarely counterfeited than gold.) Anyone who plans to buy gold bullion coins should buy a set of Fisch coin checkers. If the gold counterfeiting problem gets any worse, then it might reduce us to trusting only PCGS or NGC slabbed Gold Eagles.
Economy & Finance:
At Zero Hedge: Foreigner Boycott Of US Treasurys Continues: 7Y Auction Indirects Tumble To 3 Year Low
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Next, over at The Wall Street Journal: In This Oil Boom Town, Even a Barber Can Make $180,000. The article starts off with this: “One of America’s hottest labor markets is in West Texas, where the brisket is scarce, the ‘man-camps’ are full, and oil workers with no time to spare pay $75 to skip the line at the barber shop.”
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Michael Snyder: 18 Really Big Numbers That Show That The U.S. Economy Is Starting To Fall Apart Very Rapidly