SEARCH
October 12, 2011 Pattaya, Thailand If you’ve followed this letter for any length of time, you know that I hardly spend any time in the United States. Sure I visit friends and family from time to time, but professionally I’m much more interested in what’s happening outside of North America. You might be
About two weeks ago, GoldMoney sent out an apologetic email to all of its Dutch customers. The email explained how the Dutch financial regulator (AFM) considered GoldMoney to be in violation of various licensing rules and compliance requirements. Among other things, AFM indicated that GoldMoney was selling ‘investment objects’ without a license… something
October 10, 2011 Bangkok, Thailand Let’s pretend for a moment that Greece is a human being. I’ll call him George. George is a hairdresser and makes $40,000 per year. George has limited assets. He has zero savings, no precious metals, and is way underwater on his mortgage. His credit card debt is over
October 10, 2011 Vejen, Denmark [Editor’s note: Tim Staermose reporting] I’m sitting on a train en route from the southwestern part of Denmark (near the German border) to Copenhagen. Across the aisle from me, a man is reading a book called The Post-American World. Opposite him sits another fellow sipping a Starbucks coffee.
October 7, 2011 Hong Kong Before getting in to this week’s questions, I want to comment about the Wall Street protests in New York. There’s no question that people are sick and tired of the status quo all over the world. Their apathy has turned to anger, and their anger is turning into
October 6, 2011 Hong Kong You’ve undoubtedly heard by now that Steve Jobs passed away yesterday after a long battle with cancer; it’s been all over the news with wall-to-wall coverage, and iCandle vigils have sprung up all over the world. Jobs is being remembered as a pioneer, a technological revolutionary, a visionary.
Reporting from Hong Kong It’s the Chung Yeung Festival holiday in Hong Kong today… it’s nothing but an excuse to go shopping (and sing Elvis tunes in public). Think Black Friday (day after Thanksgiving) in the US or Boxing Day in the UK on steroids. One of the big differences is that, aside
October 4, 2011 Hong Kong Still a bit bleary eyed from last night’s 12-hour flight from Johannesburg, I decided to walk off the jet lag this afternoon by taking a stroll down Queen’s Road in Hong Kong’s Central district. If you’ve never been, the streets are lined with banks (and shopping malls), meaning
September 29, 2011 Stellenbosch, Western Cape, South Africa I want to address a question we’ve received a lot lately about Chile– why did I select Chile for the site of our resilient community, and how can I be certain that the government there won’t go crazy too? Look, there’s no such thing as
September 29, 2011 Stellenbosch, Western Cape, South Africa I don’t do well driving on the left side of the road. A lot of folks in North America and Europe think that it’s just those misguided Brits and Irish who drive on the left (i.e. ‘wrong’) side of the road… but truthfully it’s a
September 28, 2011 Cape Town, South Africa Around 11:15 this morning, I left my flat and headed towards the Cape Town Gold Coin Exchange to check out their kruggerrand prices today. (Note: They charge around 10% over spot, and buy coins for about 1% over spot. This is inclusive for all major coins
September 27, 2011 Cape Town, South Africa If you’ve followed this letter for any length of time, you know that I tend to roam around the world with great frequency; we’ll typically have these conversations across 40 to 60 countries in 6 continents over a year’s time. Lots of international travel means lots
September 26, 2011 Undisclosed location, Southern Africa For the last week or so, I’ve had the good fortune to be out in the jungles and savannah brush of southern Africa. If you look up “the middle of nowhere” in Google maps, you’ll probably find where I’ve been. In fact, when I took a
[Editor’s note: Simon is still out in the jungle and should be back on Monday. Meanwhile, we wanted to pass along a note he wrote over a year ago warning that governments would go back in time to pass retroactive tax hikes and regulatory changes. He was right. Since this letter last summer-
September 21, 2011 Auckland, New Zealand We’ve written before here at Sovereign Man that as long as the public is not in precious metals in a big way, it’s hard to see that the market has begun topping out. Yes, gold has been in a bull market for more than 10 years. This
