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 the recent “Crypto Collapse”.
Precious Metals:
Egon von Greyerz: Gold Will Surge As The World Hits A Rock Or A Hard Place. It is noteworthy that a lot of his advice is in very close alignment to what you’ve reading from me in SurvivalBlog for more than a dozen years. Here is a quote from that essay:
Critical Steps To Take
So what can we all do in the meantime. Here are a few tips:
Get out of the stock market on the coming final rally
Get out of the bond market
Get out of debt
Get out of investment property
Don’t depend on a pension system which is likely to fail
Don’t expect the government to look after you
If you lose your job, plan how you can survive. There are lots of services that are in demand in a depression.
If you have savings, don’t keep them in the banking system
Hold gold and silver outside the banking system
Family and friends are extremely important in difficult times. Create a circle of mutual dependence and trust.
Forex:
Video from FX Empire: AUD/USD Technical Analysis
Cryptocurrencies (Crypto Collapse):
My warning about wide price swings in the cryptocurrencies has now been realized. Fortune reports: Bitcoin Plunges to $10,000, Half Its Peak Price, as Investor Fears Blossom
o o o
At least one Bitcoin pundit has claimed that there are annual crashes in Bitcoin, every year, in January. Back in November, he fairly accurately predicted a January 2018 crash.
o o o
Investor CryptosRUs led and interesting half hour Google Hangouts Video: Quick Review of the Market – Q&A – 1/19/2018. (Jump forward the to 1:45 mark, to start watching.) This videos gives a good insight on how today’s Crypto market investors compare notes.
Continue reading“Economics & Investing For Preppers”