Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. In this column, JWR also covers hedges, derivatives, and various obscura. This column emphasizes JWR’s “tangibles heavy” investing strategy and contrarian perspective. Today, another look at the effects of inflation. (See the Inflation/Deflation Watch section.)
Precious Metals:
The precious metals rally is continuing. As of Friday, April 5th, 2024 (AM):
Published on Wednesday: Gold Prices Have Surged 23.3% in the Last Six Months.
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In The WSJ: Gold Is Rallying. It Isn’t About Inflation This Time. An excerpt:
“When confidence in society and political institutions erodes, the appeal of gold and other precious commodities like diamonds rises as alternative stores of value that aren’t contingent on societal arrangements. They can also be transported in an emergency. Of course as an investor, an actual catastrophe isn’t necessary to profit, with prices getting bid up as concerns grow. Bitcoin and other cryptocurrencies hold a similar appeal, but they are far less tested, less understood and still subject to big regulatory risks.”
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Gary Tanashian, at Gold-Eagle.com: Why Are Gold and Commodities Positive Amid Rising Long-term Yields?
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At Zero Hedge: Inflation-Risk Latecomers Pile Into Silver.
Economy & Finance:
Skyrocketing US debt could trigger market shock, CBO chief says.
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Michael Wilkerson: America’s Minsky Moment Approaches. (Thanks to blog reader Steve S. for the link.)
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H.L. sent us this news from Argentina: Milei to Cut 70,000 State Jobs, Boasting of Chainsaw Austerity.
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Linked over at the Whatfinger.com news aggregation site: CARGO SHIP BACKLOG BUILDS AFTER BALTIMORE BRIDGE COLLAPSE.
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