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September 26, 2013 Santiago, Chile This morning I received a research note from a private bank I work with occasionally. Buried in the text was a call for lower gold prices, and the analysts listed five reasons why they think gold prices will decline. Here’s what they had to say:1) “We expect the scaling
September 25, 2013 Sovereign Valley Farm, Pencahue, Chile It goes without saying that parents want the best for their children… and that each generation wishes the next to be even more prosperous and successful. For the most part, this has been the historical pattern since the Industrial Revolution; every successive generation has enjoyed
September 5, 2013 Singapore Asia is a damned excited part of the world. And Singapore is the financial epicenter of all of it. For the last 24-hours, banker and fund manager friends of mine have been telling me stories about oil refinery deals in North Korea, their crazy investments in Myanmar, and the
August 20, 2013 Rome, Italy It was just last week in the Land of the Free that a Federal judge declared Bitcoin to be a currency. And almost immediately after, the SEC announced ‘investigations’ into the digital currency. (You remember the SEC, the guys who are tasked with protecting the public from dodgy
July 25, 2013 Vienna, Austria Gold owners are almost universally familiar with the story of Franklin Roosevelt criminalizing the ownership of gold back in 1933. Executive Order 6102 was signed on April 5, 1933, and it forbade the “Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States.” Roosevelt
[Editor’s note: Tim Staermose, Sovereign Man’s Chief Investment Strategist, is filling in for Simon today.] Recently, I had the not-so-pleasant experience of dissolving my marriage. My wife and I never had kids, and our lives were going in completely different directions. We remain friends. But we were spending hardly any time together, and
June 25, 2013 Santiago, Chile At our Offshore Tactics Workshop in Santiago three months ago, Jim Rickards (author of the acclaimed Currency Wars) told the audience of roughly 500 people– (paraphrased) ‘If one of you stands up right now and heads for the exit, the rest of the audience probably won’t pay much
June 20, 2013 Burnt Pine, Norfolk Island [Editor’s note: Tim Staermose, Sovereign Man’s Chief Investment Strategist, is filling in for Simon today.] If you’re looking for a clean, safe, English-speaking tax haven, with a mild, maritime climate, and an advanced, Western lifestyle, Norfolk Island should be on your radar. This unique external territory
May 8, 2013 Singapore The worldwide movement to tax, confiscate, and regulate everything imaginable turned a new page earlier this week when the “Marketplace Fairness Act” passed in the US Senate. The bill still needs to clear the House of Representatives. But its fundamental purpose, enforcing state sales tax for online transactions, is
April 29, 2013 Bangkok, Thailand ABN Amro, the Dutch state-owned banking giant, recently revised its global macro and gold outlook, forecasting a $1,300 gold price by the end of this year. Moreover, the bank forecasts $1,000 gold by December 2014, and $800 gold in 2015. Why? “The authorities — especially in Europe —
April 10, 2013 Santiago, Chile A few days ago, Italian authorities stopped a man who was making his way across the border into Switzerland with his wife and three children. They searched his car and found, literally, a ton of gold bars hidden in a floorboard storage compartment. Needless to say, the gold
Reporting from Santiago, Chile Several hundred miles east of Kinshasa in the Democratic Republic of Congo, the mighty Kasai river forms the boundary between two little known tribes of central Africa– the Bushong and the Lele. Ostensibly there should be scant difference between the two; they’re separated only by a river, and they
March 6, 2013 Sovereign Valley Farm, Chile In official testimony before Congress in December 1912, just three months before his death, J.P. Morgan stated quite plainly: “[Credit] is not the money itself. Money is gold, and nothing else.” (the quote is almost Shakespearean in its unrhymed iambic pentameter…) Of course, this testimony came
March 1, 2013 Sovereign Valley Farm, Chile For the last few weeks, I’ve had a steady stream of visitors make the trek down to Chile to escape the Northern Hemisphere winter and get a little taste of freedom. Chile is a place that will soon be the easiest place in the world to
ViaMat, a Swiss logistics company that has been safeguarding precious metals since 1945, is literally the gold standard in secure storage. They have vaults from Switzerland to Hong Kong to Dubai, and they count among their clients some of the largest mining companies in the world. They know what they’re doing. And now