Here are the latest 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 JWR. (SurvivalBlog’s Founder and Senior Editor.) Today’s focus is on Rare Coins. (See the Tangibles Investing section.)
Forex and Precious Metals:
Robert Shapiro: Dollar/Yuan And US Treasuries/Gold
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“Tyler Durden” at Zero Hedge: Russia Buys Over 800,000 Ounces Of Gold In July After Dumping US Treasuries
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Turkey lira crisis to trigger RECESSION: Germany may PROP UP Erdogan amid Europe concerns
Stocks:
Tesla gets hit again — shares fall 2% in volatile trading to below $300. JWR’s Comments: Investing should always be done dispassionately. Never buy stock in a company that has never turned a profit and that has poor prospects of ever being profitable! (Tesla isn’t turning a profit even with government subsidies, paid for by taxpayers!) Tesla shares are about as detached from reality as you will ever find in American investing history.
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Next, at Zero Hedge: The Market’s Record Bull Run In Five Charts. JWR’s Comment: It is a amazing what artificially low interest rates can accomplish. And seeing what happens when interest rates inevitably rise will come as a shock, to many.
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BofA’s “Emerging Market Crisis” Indicator Was Just Triggered