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 greenback cash.
Precious Metals:
Spot silver took a 0.65% bounce on Friday, up to $16.608. But it is still grossly under-valued vis-a-vis gold. For the time being, I recommend that you make any new precious metals acquisitions in the form of either silver or platinum, not gold!
Stocks:
Over at MarketWatch: The stock market will remain glued to the inflation story
Commodities:
Next, at FarmFutures.com: Grain market week in review – March 9, 2018
o o o
India may see record sugar production of 29.5 MT in 2017-18: ISMA
Economy & Finance (Greenback Cash):
With all of the recent talk about digital currencies, I want to spill a little e-ink and extol the virtues of greenback cash. By that I mean printed Federal Reserve Notes (FRNs.) While still subject to the invisible taxation of general price inflation, paper Dollars still have a few advantages over competing currencies–including electronic currency. The first of these is the most important:
- Privacy. (Cash transactions in and of themselves do not create a paper trail or electronic trail.)
- Readily recognizable.
- Good design features that have kept a low rate of counterfeiting
- A fairly low inflation rate.
- Acceptance beyond our shores. (Dollars are de facto currency in several other countries. They can also be traded for local currency in nearly every country.)
- Compactness (versus barter goods, which tend to be bulky.)
- Light weight (versus barter goods, which tend to be heavy.)
- Legality for settling “all debts, public and private”. (Although this is now slipping away.)
- Utility in the midst of a power failure.
- Utility when away from cellular phone coverage.
- Utility for conversion into precious metals.
Of course there are just as many drawbacks. For example, the inclusion of a metallic thread in FRNs now makes them capable of being detected if sewn into clothing. But I am thankful that I’m not now carrying a pocketful of Bolivars!