February 25, 2021

C Mon. Jan. 25 — IS

Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. We also cover hedges, derivatives, and obscura. Most of these items are from the “tangibles heavy” contrarian perspective of SurvivalBlog’s Founder and Senior Editor, JWR. Today, we look at the ups and downs of the classic car market. (See the Tangibles Investing section.)

Precious Metals:

First up is this, over at Zero Hedge: Massive Silver Bets as Treasury Wants More Trillions

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Erik Lytikainen: The Gold Bull Market Is Just Getting Started

Economy & Finance:

National debt grew 39 percent under Trump

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Yellen Gets Wall Street Buzzing About 50-Year U.S. Treasuries. JWR’s Comment: Seriously, does anyone not recognize that the purchasing power of the U.S. Dollar will decline by at least 70% in the next 50 years? Anyone who buys a 50-year bond is an idiotic contrapreneur.

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Why Biden Wants to Win the Fight for $15

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An in related news: CBO: Biden’s $15 minimum wage could kill 3.7 million jobs

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Video: Ron Paul on the next economic collapse, America’s future, and universal basic income (Pt. 1/2)

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Inflation Is Spreading Broadly into the Economy. Amid Surging Costs, Companies Raise Prices, and Customers Pay them, Despite Weak Economy, 10 Million Missing Jobs

Commodities:

Jamie sent us this: Biden’s Federal Land Lease Ban To Send Oil Prices Higher: Goldman

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United States LNG Exports Reach Third Place

Equities:

At Wolf Street: Eurostar Near Collapse, Asks for Bailout, Becomes Hot Potato

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Insider-Selling Explodes To Record Highs As Buybacks Re-Emerge

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Time to Worry About Stock Market Leverage Again: Another WTF Sign the Zoo Has Gone Nuts

Forex & Cryptos:

Pound Higher as Vaccination Roll-Out Continues

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Over at Currency Thoughts: European Central Bank Maintains Loose Monetary Stance

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Bitcoin Facing Uphill Task, Why BTC Could Drop To $30K Again

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The United States updates its crypto AML/CFT laws

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Sequoia To Pay Interested Employees In Bitcoin

Tangibles Investing:

These 20 Classic Cars Have Seen A Significant Drop In Value Recently. The article begins:

“The market for classic cars has changed a lot over the years. As the decades roll on, more cars are going to start to be considered “classics.” This means that the prices are also going to start to go up as well. But the world of selling classic cars is a lot like the real estate market. And the values tend to fluctuate from time to time. This can be caused by several things such as buyer trends and different aspects of the automotive world. Some cars have taken a pretty heavy hit in value recently.

Buying vehicles from well known automotive auctions can be a great way to gauge the actual value. What people are bidding for on a vehicle gives you a better idea as to what the potential value is. Some vehicles have surprised the auction community in recent years as well.”

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These 10 vehicles are the hottest 2021 classic cars, according to collector car insurer Hagerty

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 of 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. And it need not be only about commodities and precious metals. Thanks!

Original Source