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March 14, 2012 Manila, Philippines [Editor’s note: Sovereign Man Chief Investment Strategist Tim Staermose is filling in for Simon today.] Back in mid-December, I called buying platinum the “most obvious trade in precious metals.” I pointed out that it had fallen all the way to $1,440 per ounce and was selling for well
March 13, 2012 London, England [Editor’s note: Tim Price, a frequent Sovereign Man contributor and Director of Investment at PFP Wealth Management in London, is filling in for Simon today.] “Investors back historic Greek debt swap” – FT headline 9.3.2012. BANK, n. Bottomless cavity in the ground that sucks in money and the
March 12, 2012 Caracas, Venezuela Panama has become a popular place for expats to plant flags and diversify internationally. And with good reason– the country has had a lot to offer. But quite a bit has changed over the years, and I thought it important to spend a few minutes today reviewing some
March 8, 2012 Panama City, Panama I had dinner the other night with a bank executive in charge of government finance who told me that the aggregate spend of all the infrastructure projects in Panama totals more than $13 billion. This is roughly 50% of the entire Panamanian economy. The equivalent in the
March 8, 2012 Panama City, Panama I’ve been having breakfast at Cafe Manolo’s ever since I started coming to Panama, going on ten years now. They make the best ‘batido’ ever… it’s sort of like a milk shake crossed with a fruit smoothie. And it used to be ridiculously cheap. Not anymore. Economists
March 7, 2012 London, England [Editor’s note: Tim Price, a frequent Sovereign Man contributor and Director of Investment at PFP Wealth Management in London, is filling in for Simon today.] An engineer, a biologist and an economist are washed ashore on a desert island. After a few days without food they are starving.
March 6, 2012 Caracas, Venezuela With an annual murder rate estimated as high as 67 homicides per every 100,000 inhabitants in his country, Hugo Chavez is about to show the world that he’s tough on crime. At least, the non-governmental kind. Chavez’s government claims that 98% of the homicides in Venezuela involve firearms.
March 5, 2012 Caracas, Venezuela Here’s a fun question to ask yourself: if you had to disappear and live out the rest of your days below the radar, where would you go? Think about it seriously for a moment… it’s an interesting thought experiment. Assuming you had a dream team of angry creditors,
March 2, 2012 Santiago, Chile When I was a kid, I remember watching that Schoolhouse Rock cartoon about how a bill becomes a law. That single cartoon probably brainwashed three generations of children into believing in the checks and balances fantasy of the US federal government. The reality is what we see everywhere
Date: March 1, 2012 Reporting From: Santiago, Chile Earlier this week, the British government announced that Barclays PLC, one of Britain’s oldest and largest banks, was facing an $800 million penalty for engaging in a tax avoidance scheme. Barclays had been exploiting loopholes in legislation in order to avoid paying a higher tax
February 29, 2012 Santiago, Chile In Warren Buffett’s latest round of gold-bashing last weekend, he described all the gold in the world as a useless cube that would fit snugly within a baseball infield.If you owned such a cube, you would only be able to ‘fondle’ it… but generate no investment return. The
February 24, 2012 Santiago, Chile I want to start off today’s letter by thanking the 120+ folks who’ve made the journey down to Chile over the past two weekends to break bread on the farm. Last weekend’s event was a real delight, and I’m looking forward to tonight’s festivities with the new group.
Eight Easiest And Fastest Citizenships & Passports To Get In 2023 AUTHOR LAST UPDATED Most people think having multiple passports is just for the “James Bonds” and super wealthy of this world. But nothing could be further from the truth. In fact, ANYONE can obtain dual citizenship and a valuable second passport. Whether
February 21, 2012 London, England [Editor’s note: Professional money manager Tim Price is filling in for Simon today from London. His thoughts below on gold, bonds, and the false pretext of investing in equities is delightfully insightful.] “No government has ever commanded the resources at the disposal of our ungodly Leviathan, which consumes
It’s official. Starting October 1, 2012, Singapore will be the best place in the world to store gold. As a major international financial center, Singapore is rapidly becoming THE place to invest and do business in Asia. Why? Because it’s just so easy. Regulation is minimal, corruption is among the lowest in the
