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 Bitcoin, and its alternatives.
Precious Metals:
The proverbial Elephant in the Room is the silver-to-gold price ratio. When I last checked, it was an insane 81-to-1. That doesn’t match market fundamentals, industrial usage and recovery fundamentals, and certainly not Earth’s crust scarcity fundamentals. To me, this seriously out-of-whack ratio can only indicate a major economic recession or depression is ahead. This is because silver is more of an industrial metal, while gold is still seen as an inflation hedge.
If we start to see the silver-to-gold price ratio narrow before a recession then that is a huge red flashing light that says: World War III. And if we see the silver-to-gold price ratio narrow in the midst of a recession then that would signal either war or an incipient economic recovery. OBTW, speaking of price ratios, seeing spot platinum priced far below the spot price of gold is another indicator of a recession in the near future. “Good Times” economically are indicated by platinum selling about 20% over the price of gold.
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Video: The Most Gold & Silver You’ve Ever Seen? Mike Maloney
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Take a look at this piece by Jeff Clark at GoldSilver.com: The Potential Big Surprise for 2018, and What It Means for Gold