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 Japanese Swords. (See the Tangibles Investing section, near the end of this column.)
Precious Metals:
“Mother Of All Bubbles” Keeps Gold Price In Focus
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Spot gold was down $4 an ounce by noon on Tuesday, but silver was up slightly. Since January 1st, 2017, spot gold is up 7.81% and silver is up 2%. If the global economic crisis that many pundits anticipate doe indeed materialize this coming October, then the precious metals will become truly precious.
Commodities:
As Gas Prices Fall to 12-Year Low, Schumer Claims Gas Prices ‘Never Go Down’
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Copper futures jumped 3% to $2.82 on Tuesday. That increase is part of a general rise of 25.14% for the year. Methinks this has more to do with the beating of global War Drums than it does with confidence in a rebounding consumer economy.