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 so-called Humanium Metal. (See the Precious Metals section.)
Precious Metals (Humanium Metal):
Getting To $1,300: Longest U.S. Gov’t Shutdown, U.S.-China Trade Talks, Brexit Troubles
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To follow up, I wrote the following to the article’s author:
Humanium Metal is a socialist political posturing scam. Do they really expect anyone to “invest” in scrap metal, at the rate of 5,000 Euro for 4 kilograms?
The philosophy behind Humanium Metal is essentially voodoo. If someone ascribes “evil” to inantimate objects, then that is voodoo. Here is a hypothetical: There are two anonymous old typewriters for sale on a shelf in a thrift store: One belonged to Mother Teresa. The other belonged to Joseph Goebbels. Is one typewriter “good” and the other “evil”? No, they are both just typewriters. The same goes for guns, or any scrap metal from melted-down guns.
Whomever wrote the Humanium Metal press release that you relied on has an agenda. And that agenda does not take into account that some of the guns seized in Central America were owned by people who owned them for legitimate self defense. Those people have now been stripped of that right. So contraprenurially “investing” in Humanium Mertal is indirectly contributing to making some citizens more vulnerable to criminals or oppressive governments.
Before echoing anything from a press release in an article, ask yourself: Cui bono? There are two sides to every story.
Continue reading“Economics & Investing For Preppers”