July 19, 2024

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, a look at pre-1965 “junk” silver coins. (See the Precious Metals section.)

Precious Metals:

The recent dip in the spot silver price to below $30 USD per Troy ounce signals a good opportunity to do some buying and stacking. I believe that this dip will be brief, so take advantage of it. Buy physical silver and stack it deep! – JWR

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An excellent video primer: Buying Junk Silver for Beginners. Note from JWR: Unless you are already quite familiar with pre-1965 “junk” silver, then you should probably watch this video twice.

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At the UK Globe & Mail: Silver’s Bright Future: Green Energy Fuels Demand Surge.

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Gold is getting harder to find as miners struggle to excavate more, World Gold Council says.

Economy & Finance:

Reader D.S.V. spotted this: 63 US “Problem Banks” Are Nearly Insolvent, But You Can’t Know Which Ones.

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Biden’s team asks CEOs how to further boost the economy while Trump says business is on his side.

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Global economy will slow for a third straight year in 2024, World Bank predicts.

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At the Whatfinger.com news aggregation site: U.S. Job Market Sees Supposed Strong Growth Amid Rising Unemployment: Economic Indicators Point to Mixed Signals.

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Why Is Xi Not Fixing China’s Economy?

Commodities:

European Commodities: Why the Pullback in Nickel Prices Might Be Short-Lived.

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At Zero Hedge: Record Plunge In Bullish Brent Wagers Signals Price Rebound Imminent.

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Downtrend favors propane buyers.

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From OilPrice News: Europe’s Shift from Russian Gas to Pricey LNG.

Inflation/Deflation Watch:

U.S. inflation ticked down slightly last month in the first drop of 2024.

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From the statist mouthpiece CNN: The Fed is winning its battle against inflation. So why isn’t it cutting rates?

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In-N-Out increases food prices in California amid rising wages. (Thanks to reader C.B. for the link.)

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Fed Meeting, Inflation Data to Dominate Economic News.

Forex & Cryptos:

From the leftist NPR: A strong dollar is great news for most of us — but not everybody is a winner.

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Peso Rout Shaves $16 Billion Off Fortunes of Mexico’s Wealthiest.

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Taiwan set to hold rates steady amid persistent inflation worries.

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BloombergTurkey Poised to Reach Worst of Inflation With Peak Close to 75%

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GameStop Dumps 15% as Roaring Kitty Jokes About His Plunging Position.

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Bitcoin to hit $150,000 with new ETF approvals, per Gemini official.

Tangibles Investing:

Forbes: Housing Market Predictions For 2024: When Will Home Prices Be Affordable Again?

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House Price Appreciation by State and Metro Area: The First Quarter of 2024.

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US Home Price Insights – June 2024.

Provisos:

SurvivalBlog and its Editors are not paid investment counselors or advisers. Please see our Provisos page for our detailed disclaimers.

News Tips:

Please send your economics and investing news tips to JWR. (Either via e-mail or via our Contact form.) These are often especially relevant because they come from folks who closely watch specific markets. If you spot any news that would be of interest to SurvivalBlog readers, then please send it in. News items from local news outlets that are missed by the news wire services are especially appreciated. Thanks!